LED Lighting Horticulture Market

1. LED Lighting Horticulture Market Competitive Intelligence and Tracking Report Till 2026 LED Lighting Horticulture Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. LED lighting horticulture market is directly addressed to the businesses associated with the commercial, indoor and R&D activities associated with plants, which is in contrast of the field farming and animal husbandry. These addressable segments are directly dependent on the presence of sunlight for the crops growth. However, with the increase in global population and lack of adequate sunlight in regions that include North Central Europe and Nordic countries, requirement of additional production of vegetables, fruits, medicines and other agricultural products is expected to drive the demands for these industry products. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/668 Increased power saving features of LED lights will present lucrative product demands through the forecast period Industry is largely characterized by the presence of conventional alternatives such as fluorescent and high pressure sodium (HPS) products. These products are featured with high power consumption, these in turn lead to heavy electricity bills and lower profit margins for commercial applications. However, horticulturists are increasingly encouraging the use of LED

2. lighting for applications owing to the related power savings, optimum plant light outputs and considerably longer lifecycles up to 5X the conventional products. These factors are expected to provide major traction to the LED Lighting Horticulture market during the next few years. Moreover, rather than increasingly focusing on the commercial sales of the products, major industry participants that include Philips Lighting and Osram Sylvania are increasingly focusing on awareness through investing in trial projects. For instance, Philips has already made significant investments in Europe, Americas and Asia Pacific for several such projects to gain higher consumer inclinations. Moreover, offering products with 3 to 5 years warranty is expected to garner higher consumer inclinations over the long run. LED Lighting Horticulture Market Taxonomy On the basis of application, the global LED lighting horticulture market is classified into: R&D Personal Commercial (greenhouse) Browse Complete Report @ https://www.coherentmarketinsights.com/ongoing-insight/led-lighting-horticulture- market-668 U.S. is expected to remain the most lucrative regional business segment owing to the unfavorable climatic conditions for conventional agriculture methodology U.S has legalized the cultivation of marijuana in locations away from public spaces, along with certain other countries in the Americas. In conjunction with this demands for high nutrition foods, will drive the requirement for vegetable and fruits over the next few years. Owing to unfavorable weather conditions, requirements to meet these demands, construction of commercial greenhouses and LED lighting equipment will drive the market growth through the forecast period. Chief industry participants in the LED lighting horticulture market include Fluence Bioengineering, Cree, Illumitex, Kessil Lighting, Heliospectra, Hubbell Lighting, LumiGrow, Lemnis Oreon, Osram Sylvania and Smart Grow Technologies. Industry is expected to be characterized by the next generation product launches to garner higher consumer inclinations. For instance, in January 2014, Philips Lighting launched LED toplighting range for commercial

3. applications, which was featured with relatively higher efficiency than the other available LED modules. Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-discount/668 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com