Dublin, September 2, 2021.– (Business Wire) – “Growing Lights Market: Growth, Trends, COVID-19 Impact and Forecasts (2021-2026)” ResearchAndMarkets.com’s Presenting.
Growing Lamps Market It is projected at $ 2710 million by 2020, reaching $ 7603.16 million by 2026 and is expected to grow at a CAGR of 19.5% over the forecast period (2021-2026).
Key market trends
Domestic agriculture is expected to witness a significant market share
Large-scale domestic farming practices are similar, and they require growing lights that can completely replace direct sunlight. In some applications, they may even reflect sunlight. There are three essential types of incandescent lamps: fluorescent lights, HPS or HID lights, and LED lights.
Technological advances in the field of growth lights and affordable gardening systems are some of the factors that drive market growth, about one-third of millennial plants, indoors.
Indoor lighting provides optimal red and blue wavelength for plants to grow large, healthy and strong. When listening to plants, use a red light, a special light emitter, to release chlorophyll. Therefore, red light not only produces flowers and seeds but also produces large and healthy plants. With growing lights, too much red light can cause serious problems, such as lano and spinal cord, so the red light can be adjusted.
A study published by researchers at the University of Florida’s Department of Horticulture (August 2019) found that plants grown using a shiny disc use less energy than growth lights. Scientists who experimented with cauliflower, almond, flour, and tle cress seedlings reduced their exposure to flashing lights (five seconds of light, ten seconds of darkness) without a 30% reduction in energy consumption. Disruption in plant growth. Such developments can significantly reduce operating costs for farmers (up to 25%) over a period of time.
Asia-Pacific is expected to witness significant growth
The Asia-Pacific region is one of the fastest growing regions for growing lights. The rapid growth of urban agriculture, such as agriculture, greenhouses, and growth sectors, is fueling the region’s growing demand for light. Countries such as Japan, Taiwan, and China are the main sources of demand in the region and are expected to remain in place during the review period.
Due to the country’s rapid technological advancement, Japan has been a major source of demand for growth lamps. In Japan, urban agricultural enterprises, such as factories and the country’s largest plant factory, have grown more than 20,000 heads of lettuce in a single day in more than 3,000 square meters of facilities.
In addition, in countries in the Asia-Pacific region, such as Singapore, although it has its own small production, people in the country have better access to comparable, plentiful and high-quality products. The country has also topped the Food Safety Index for two years and is gaining momentum as the recent cholera epidemic has weakened the world’s food supply chain.
With many countries around the world facing rising food demand, it is projected to increase by more than half by 2050, and Singapore will find itself on the defensive to feed the swollen population. Restrictions on climate change risk.
2 research method
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market drivers
4.2.1 Growth in the development of domestic farming practices
4.3 Market Restrictions
4.3.1 High configuration and maintenance costs
4.3.2 Different requirements in the lighting spectrum for different crops
4.4 Industrial Value Chain Analysis
4.5 Industrial attractiveness – Analysis of Porter’s Five Powers
4.6 Evaluate the impact of CVD-19 on the market
5 Market activity
5.1 Light source
5.2 Installation Type
5.3 Type of application
6 Competitive Landscaping
6.1 Company Profiles
7 Investment Analysis
8 Market Opportunities and Future Trends
For more information on this report, visit https://www.researchandmarkets.com/r/jyh0fn
See source version on businesswire.com: https://www.businesswire.com/news/home/20210902005413/en/
Laura Wood, Senior Press Manager
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