LED Plant Growing Lamp is a type of light-emitting diode (LED) lighting specifically designed for indoor plant growth. LED Plant Growing Lights offer a combination of optimal wavelengths that plants need for photosynthesis. LED Plant Growing Lights are used in both commercial and residential settings to provide supplemental lighting to optimize plant growth in greenhouses, vertical farms, and home gardens. LED Plant Growing Lights provide more efficient and precise light spectrums, higher light intensity, and longer operational life than traditional HID (high intensity discharge) lamps.
Global LED plant growing lamp market was estimated to be valued at USD 2.2 billion in 2020 and is anticipated to reach USD 5.6 billion by 2027, growing at a CAGR of 13.2% during the forecast period. The growth of this market is attributed to the increasing adoption of greenhouses and vertical farms, rising demand for organic food, and growing awareness about the benefits of LED-based horticultural lighting. Additionally, advancements in LED technology, along with the increasing popularity of hydroponic farming and aquaponics, is expected to drive the market growth.
A detailed market research report on Global LED Plant Growing Lamp Market available at: https://www.themarketreports.com/report/global-led-plant-growing-lamp-market-research-report
This report aims to provide a comprehensive presentation of the global market for LED Plant Growing Lamp, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Plant Growing Lamp.
The LED Plant Growing Lamp market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global LED Plant Growing Lamp market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1733266
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com