Boulder, Colo – – ((Business Wire) – A new report from Lead House Insights focuses on three types of garden applications and five types of technologies that focus on LEDs and provide a global market potential for lighting.
The growing popularity of LED technology and the increase in cannabis production in the United States, Europe and Asia Pacific are two major factors driving the fruit and vegetable light market by 2021. To grow at a CAGR of 33% by 2030.
“In the coming months and years, lighting experts predict that LED lighting use will increase and maintain market dominance. This will continue as many US states and other parts of the world legalize cannabis and manufacturers of other crops better understand the value of LED technology for their work.
While there are many growth factors, some variables are preventing the market from growing as quickly as possible. These barriers include inconsistent cannabis legitimacy, costs, limited access to capital, and a lack of technological confidence. As the LED lighting market continues to rise, especially if cannabis is legalized at the federal level in the United States, the industry will see companies that do not meet new business requirements by merging and gaining market share. .
The report, LED lighting for gardening applications, Provides global market potential for gardening lighting by focusing on LEDs to cover plant sales and revenues. The report covers three types of horticulture: cannabis, produce and flowering. This report covers five types of technology: LED, HPS, Fluorescent, Metal and others. All major parts of the world – North America, Europe, Asia Pacific, Latin America and the Middle East and Africa – are forecast to last until 2030. The executive summary of the report is available for free download. Guidehouse Insights website.
Insights about guidance
Guidehouse Insights, a state-of-the-art marketplace, provides research, information and benchmarking services to today’s fast-paced and highly regulated industries. Our insights are based on an in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user research and demand assessment with an in-depth analysis of technology trends to provide an overview of new flexible infrastructure systems. More information about Guidehouse Insights is available at www.guidehouseinsights.com.
About the guide
The Council is a leading global provider of public and commercial consulting services with extensive expertise in management, technology and risk consulting. We help our clients solve their most pressing challenges and explore significant regulatory challenges by focusing on transformation, entrepreneurship, and technology innovation. We create innovative, innovative solutions that will prepare our customers for future growth and success in a variety of consulting, consulting, export and digital services sectors. The company has more than 10,000 professionals in more than 50 locations around the world. The Board is a Veritas Capital portfolio company led by experts in traditional and emerging technologies, markets and agenda management. For more information, please visit www.guidehouse.com.
* The information contained in this press release regarding the report: LED lighting for gardening applications, It is a summary and maintains current policy insights based on market data and trends analysis. Market forecasts and expectations are uncertain and the actual results may differ materially from those in this press release or report. Conclusions and Estimates Please see the full report for a full understanding of the methods used to create the report. There is no obligation or obligation to update any information contained in this press release or any information contained in the report.