Light-Emitting Diode (LED) Grow Lights Market 2020-2024|Growth in Indoor Farming to Boost Growth | Technavio

Technavio has been monitoring the light-emitting diode (LED) grow lights market and it is poised to grow by USD 3.53 billion during 2020-2024, progressing at a CAGR of 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global LED Grow Lights Market 2020-2024 (Graphic: Business Wire)

Growth in indoor farming has been instrumental in driving the growth of the market. However, harmful effects of LED grow lights might hamper market growth. Request a free sample report

Light-emitting Diode (LED) Grow Lights Market 2020-2024: Segmentation

Light-emitting Diode (LED) Grow Lights Market is segmented as below:

Application

• Commercial Greenhouses
• Vertical Farming
• Others

Geographic segmentation

• North America
• APAC
• Europe
• South America
• MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40110

Light-emitting Diode (LED) Grow Lights Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our light-emitting diode (LED) grow lights market report covers the following areas:

• Light-emitting Diode (LED) Grow Lights Market Size
• Light-emitting Diode (LED) Grow Lights Market Trends
• Light-emitting Diode (LED) Grow Lights Market Industry Analysis

This study identifies use of artificial intelligence in LED grow lights as one of the prime reasons driving the light-emitting diode (LED) grow lights market growth during the next few years.

Light-emitting Diode (LED) Grow Lights Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the light-emitting diode (LED) grow lights market, including some of the vendors such as Advanced LED Grow Lights, Cree Inc., General Electric Co., GNUK Ltd., Heliospectra AB, Illumitex Inc., LumiGrow Inc., OSRAM Licht AG, Senmatic AS and Signify NV. Backed with competitive intelligence and benchmarking, our research reports on the light-emitting diode (LED) grow lights market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Light-emitting Diode (LED) Grow Lights Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist light-emitting diode (LED) grow lights market growth during the next five years
• Estimation of the light-emitting diode (LED) grow lights market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the light-emitting diode (LED) grow lights market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of light-emitting diode (LED) grow lights market vendors

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