According to IMARC Group’s latest report, titled “United States Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the United States grow light market is expected to exhibit strong growth during 2021-2026. Grow lights are artificial sources of light used for stimulating growth in plants. They are commonly available in light-emitting diode (LED), fluorescent, high-pressure sodium (HPS) and high-intensity discharge (HID) variants. Grow light is utilized in aquatic plants, food-producing, plant propagation, horticulture and home gardening. It is ideal for seed starting and aids in ensuring healthy and green seedlings. It is also used for providing adequate light and controlled temperatures, intensity and color to the plants. Grow lights are environment-friendly and aid in providing optimal proximity, faster harvest cycle and reduced heat emission.
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The United States grow light market is primarily being driven by the rising demand for food production. Grow lights assist in improving the plant quality and maintaining the optimal yield for food production. Moreover, various product innovations, such as the development of water-resistant grow lights that are safe for use in humid environments, are providing a thrust to the market growth. In line with this, the integration of connected devices with the Internet of Things (IoT) for remote monitoring and access to plants, are favoring the market growth. Other factors, including the widespread adoption of indoor farming practices and utilization of grow lights for legalized cultivation of cannabis, are driving the market growth across the country. Looking forward, IMARC Group expects the United States Grow Light Market to exhibit moderate growth during (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Segmentation:
Breakup by Technology:
- HID
- LED
- Fluorescent
- Others
Breakup by Installation Type:
- New Installations
- Retrofit Installations
Breakup by Spectrum:
- Full-Spectrum
- Partial Spectrum
Breakup by Application:
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Turf and Landscaping
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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