LED Agricultural Grow Lights Market Worth $1.8 Billion by 2021: Radiant Insights, Inc.
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 02/01/16 -- The LED grow lights market is poised to reach USD 1.8 billion by 2021. It had a previous turnaround of USD 395 million in 2014. Growth is anticipated on account of usage by plant factory and nursery owners to improve their cultivation. With people being more health-conscious, they tend to avoid food grown with Chemical pest control. The market is expected to capitalize on this trend with large warehouse plant factories intent on producing seedlings.
LED grow lights are an artificial source of light needed to provide nourishment through photosynthesis. It is used in an environment or a season where daylight is insufficient for the plant''s growth. The plant is grown in a staged environment which imitates its natural surroundings, giving it a chance to blossom.
LED grow lights are being adopted by vertical farming due to their energy efficiency and low heat emission. With government regulations supporting energy-efficiency lighting, it is driving the LED grow lights market. Next-generation grow lights provide high efficiency, low power, uniform light pattern and distribution at the right spectrum and ratios necessary for photosynthesis.
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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Datum: 01.02.2016 - 07:00 Uhr
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News-ID 1412269
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