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A closed system of farming wherein a farmer or a farm technician attempts to achieve farm production under regulated conditions which have been created artificially is known as plant factory. Plant factories are generally used for the purpose of growing organic vegetables. This needs artificial control of temperature, light, carbon dioxide and moisture. Grow light is an artificial source of light which are designed to emit electromagnetic spectrum which is suitable for the photosynthesis purpose. Grow light is useful for warehouse food production. Visible light has a different spectrum as compared to grow light. The spectrum of grow lights can be optimized according to plant. The productivity of crops increases by a significant factor due to plant factory practice.
Market Analysis and Insights: Global Plant Factory Grow Lights Market
The global Plant Factory Grow Lights market was valued at US$ 3245.1 in 2020 and will reach US$ 6269.1 million by the end of 2027, growing at a CAGR of 11.6% during 2022-2027.
Global Plant Factory Grow Lights Scope and Market Size
The global Plant Factory Grow Lights market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Plant Factory Grow Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
High-Intensity Discharge
Fluorescent Lighting
LED
Others
Segment by Application
Vertical Farming
Indoor Farming
Commercial Greenhouse
Turf and Landscaping
Research
Others
The Plant Factory Grow Lights market is analysed and market size information is provided by regions (countries). Segment by Application, the Plant Factory Grow Lights market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
APL engineered material
Daystar
Advanced lighting Technologies
Philips
General Electric
Hydrofarm
Iwasaki Electric
Sun System
Market Analysis and Insights: Global Plant Factory Grow Lights Market
The global Plant Factory Grow Lights market was valued at US$ 3245.1 in 2020 and will reach US$ 6269.1 million by the end of 2027, growing at a CAGR of 11.6% during 2022-2027.
Global Plant Factory Grow Lights Scope and Market Size
The global Plant Factory Grow Lights market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Plant Factory Grow Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
High-Intensity Discharge
Fluorescent Lighting
LED
Others
Segment by Application
Vertical Farming
Indoor Farming
Commercial Greenhouse
Turf and Landscaping
Research
Others
The Plant Factory Grow Lights market is analysed and market size information is provided by regions (countries). Segment by Application, the Plant Factory Grow Lights market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
APL engineered material
Daystar
Advanced lighting Technologies
Philips
General Electric
Hydrofarm
Iwasaki Electric
Sun System
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