Home > Blossary: Grow Light Market by Technology (HID, Fluorescent, LED, Induction, and Plasma)
The grow lights market was valued at USD 2.50 billion in 2016 and is expected to reach USD 5.11 billion by 2022, at a CAGR of 11.86 % during the forecast period. Grow lights can be efficiently used to grow crops and vegetables indoors in any season. However, these crops would require artificial lighting for photosynthesis, which may not be favorable in a particular region due to extreme climatic conditions. A grow light is an electronic lamp designed to accelerate plant growth by emitting electromagnetic spectrum ideal for photosynthesis. The technological innovations has led to the development of a variety of grow lights according to the requirements of the plants. Base year considered for study is 2016 and the forecast has been provided for the period between 2017 and 2022.

Category: Science

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