LED_greenhouse

Grow Light Market to Reach $4.19B in 2022

marijuana_facilityThe worldwide grow light market will be valued at $4.19 billion by 2022, according to a report from MarketsandMarkets.

The firm found that the annual compound growth rate (CAGR) from this year to 2022 will be 9.63 percent. Drivers include the resurgence of vertical farming and the legalization of marijuana in North America. LEDs are expected to be the type of light used by in the segment. Its predominance is due to its energy efficiency, long life and the capability varying the spectrum used. Europe is expected to be the leading region for grow lights during the period of the survey.

Horticulturists suggest that LEDs bring very specific capabilities that will aid in indoor growing of plants.

Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
The New Energy Future - Challenges and Opportunities in Corporate Energy Management
Sponsored By: Edison Energy

  
The Hidden Costs of Air Compressor Operation
Sponsored By: FS-Elliott

  
How to Unsilo Your EHS Data
Sponsored By: Progressly

  

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now