Agricultural Grow Lights Market – LumiGrow launched its new cloud control wireless-based product.
Added: (Fri Mar 01 2019)
Pressbox (Press Release) -
LumiGrow, Inc. manufactures horticultural LED lighting solutions. The company introduce LED grow lights and SmartPAR wireless control system to set lighting schedules to reach specific lighting requirements, manage multiple zones, and monitor energy usage. The company serves agribusinesses, yield and flower growers, garden centers Agricultural grow lights. LumiGrow LEDs give multi-use utility for the vine crop growers.
In January 2017, LumiGrow Inc. launched its new product named Pro Series E Horticultural lighting solution with the cloud-based wireless control. With the help of SmartPAR Wireless Control system, lighting controlled easily from tablets, computers, and smartphones.
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Market Data Forecast published a report named Agricultural Grow Lights Market. The Agricultural Grow Lights Market has anticipated raising at 11.86% CAGR from 2018 to 2023, and it had estimated that the global market worth was USD 3.6 Billion in 2018 and expected to reach USD 6.3 Billion by 2023.
Report segmented as:
• Indoor Farming
• Vertical Farming
LED lighting and plasma lighting can extend the accessibility of crops. Rising awareness regarding the importance of alternative farming, owing to the least availability of fertile agricultural land and raising population, are the significant factors anticipated to spur the industry demand.
Based on geography, the market has classified under various regions namely North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Europe is the leading market for grow lights. Asia Pacific had expected to register the high CAGR in the coming years
Key Market Players
• General Electric Company
• Royal Philips
• Gavita Holland B.V.
• Osram Licht AG
• LumiGrow, Inc.
• B.V. (Netherlands)
• Heliospectra AB (Sweden)
• Transcend Lighting Inc. (U.S.)
• Sunlight Supply Inc. (U.S.)
• Beacon Lighting India (India)
• Walters Garden, Inc. (U.S.)
• Green Sense Farms (U.S.)
• Borst Bloembollen B.V. (Netherlands)
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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