Global Plant Farming Lights market cagr 6.5%

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Plant Farming Lights Market

Plant Farming Lights Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Plant Farming Lights Market Size and Growth

The Plant Farming Lights market is witnessing significant growth, driven by increasing indoor farming and vertical agriculture trends. The global market size is projected to reach approximately $4.5 billion by 2025, with a CAGR of 15%. Advancements in LED technology and energy efficiency are key factors influencing market dynamics. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Philips

◍ OSRAM

◍ Illumitex

◍ GE

◍ Valoya

◍ Everlight Electronics

◍ Epistar

◍ LumiGrow

◍ LEDHYDROPONICS

◍ Fionia Lighting

The plant farming lights market features major players like Philips, OSRAM, Illumitex, GE, and Valoya, each innovating in LED technologies. Companies enhance market growth by offering energy-efficient solutions tailored for diverse plant needs. Notable revenues include Philips (approx. $19 billion) and GE's lighting segment (around $22 billion).

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Market Segmentation

By Application

Vegetable Cultivation

Fruit Planting

Others

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By Product

Indoor Plant Lights

Outdoor Plant Lights

Market Growth

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$ X Billion USD

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