【English Market Research Report】Global Market for Horticultural Lighting
Product ID: 1458132 Publisher: SkyQuest
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The global market size for horticultural lighting was valued at 4.15 billion USD in 2022, and it is projected to grow from 5.69 billion USD in 2023 to 71.54 billion USD by 2031, with a CAGR of 37.21% during the forecast period (2024-2031). The innovative technology used in the horticultural industry is LED lighting, which is also more cost-effective compared to other artificial light sources. While LED lumen output gradually decreases, it does not burn out like traditional bulbs. Depending on the application, while regular bulbs typically fail within a year, LEDs can last up to 50,000 hours. The extended lifespan ensures high reliability. The increasing social awareness of the benefits of vertical farming and the rising demand from food consumers are expected to accelerate expansion in this region.
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Publication Date: March 25, 2024 Publisher: SkyQuest Page Information: English 197 Pages Table of Contents Executive Summary Research Methodology Analysis of the Parent Market Key Market Insights Market Dynamics and Outlook Global Market for Horticultural Lighting: By Technology Global Market for Horticultural Lighting: By Spectrum Global Market Size for Horticultural Lighting: By Region Competitive Landscape Major Company Profiles *The table of contents and prices for this report are as of the time of publication. Please contact us for the latest information.*
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Market research reports are informational documents systematically describing market size and trends, based on investigations and analyses of market and technology trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, they also include details on the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research into overseas markets and new technologies.
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