Asia Pacific Grow Lights Market – Size, Outlook, Trends, and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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Asia Pacific Grow Lights Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

To balance the pollution and to compensate hazards like global warming the vertical and rooftop farming is in the current trends, and this paved the way for the growth of

Asia Pacific Grow Lights Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the grow lights which are replacing all the older patterns. Grow lights are the LED’s which are used because of higher efficiency and low dissipation. Increasing population in the cities is the critical driver boosting up this markets.

APAC Grow Lights Market Share & Growth:

APAC Revenue of Grow Lights market is valued at 2.93 Billion in 2018 and estimated to reach a value of 4.01 Billion in 2024 at CAGR of 15.89%. Critical parameters that promote APAC grow lights markets are food security gaining importance in global arena and awareness about vertical farming, producing LED’s with higher efficiency and lower dissipation and factors like grow lights are costly when compared to LED’s and varying in wattage of grow light LED’s used for different purposes are hampering Corn Light illuminaries

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Asia Pacific Grow Lights Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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