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North America Greenhouse Grow Light Market Revenue Increased to USD 1.80 billion by 2021



North America Greenhouse Grow Light Market Size was worth USD 1.06 billion in 2016 and estimated to be growing at a CAGR of 11.2%, to reach USD 1.80 billion by 2021. Grow lights, particularly LEDs are used in a huge range of farming-related applications, owing to the advantages they offer such as high low power consumption, reliability, and spectral intensity.A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.

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The North America Greenhouse Grow Light market is driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Grow Light which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.

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Market Segmentation
Spectrum
? Introduction
? Partial Spectrum
? Full Spectrum
? Y-o-Y Growth Analysis, By Spectrum
? Market Attractiveness Analysis, By Spectrum
? Market Share Analysis, By Spectrum
Installation
• Introduction
• New Installation
• Retrofit
• Y-o-Y Growth Analysis, By Installation
• Market Attractiveness Analysis, By Installation
• Market Share Analysis, By Installation
Application
• Introduction
• Indoor Farming
• Vertical Farming
• Greenhouse
• TURF and Landscaping
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
Technology
• Introduction
• High-Intensity Discharge
o High Pressure Sodium Lamp
o Metal Halide Lamp
• Fluorescent Lighting
o T5
o CFL
o LED
• Other Technologies
• Y-o-Y Growth Analysis, By Technology
• Market Attractiveness Analysis, By Technology
• Market Share Analysis, By Technology

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The North America market has been geographically segmented into segmented into US and Canada.The North American region holds the second major stake in the aggregate income of Global Greenhouse Grow Light market in 2016 because of noteworthy growth in demand, brought about by established distribution channels and supportive governmental policies.

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The major players operating in the North America Greenhouse Grow Light industry include Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., and Sunlight Supply Inc.

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News Release: North America Greenhouse Grow Light Market Revenue Increased to USD 1.80 billion by 2021
Submitted on: November 29, 2017 06:33:25 AM
Submitted by: nitesh
On behalf of: www.marketdataforecast.com/
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