Jun 08, 2023
India Grow Light Market Size & Share Report 2023
According to the latest report by IMARC Group, titled “India Grow Light Market:
According to the latest report by IMARC Group, titled "India Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The India grow light market size reached US$ 80.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 173.6 Million by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028.
Industry Definition and Application:
Grow light refers to artificial light sources used to stimulate plant growth. They are available in multiple product variants, such as high-intensity discharge (HID), light-emitting diodes (LED), high-pressure sodium (HPS), fluorescent, etc. These grow light models emit electromagnetic radiation in the visible light spectrum that acts as a substitute for sunlight to induce photosynthesis. The multiple elements of these lights, which include temperature, color, and intensity, can be effectively controlled to mimic outdoor settings and create an ideal environment for plants to grow. Grow light systems prove extremely effective in improving crop yield. Consequently, they find extensive applications in indoor and vertical farming, turf and landscaping, commercial greenhouse, etc., in India.
India Grow Light Market Trends:
The increasing establishment of vegetable factories in the country, owing to the growing population and elevating demand for food, are primarily driving the India grow light market. Apart from this, the emerging trend of rooftop, vertical, and commercial greenhouse farming is acting as another significant growth-inducing factor. In addition to this, the expanding awareness about the multiple advantages of using the product in plant cultivation, including cost-effectiveness, energy efficiency, improved color quality, etc., is further catalyzing the Indian market. Moreover, the launch of supportive policies by the government bodies and the rising investments in research and development (R&D) activities aimed at promoting innovations in agricultural science and technology are also positively influencing the market across the country. Besides this, the escalating deployment of solar power-based agricultural plants is expected to bolster the India grow light market over the forecasted period.
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India Grow Light Market 2023-2028 Analysis and Segmentation:
The report has segmented the market on the basis on region, technology, installation type, spectrum, and application.
Breakup by Technology:
Breakup by Installation Type:
Breakup by Spectrum:
Breakup by Application:
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4305&flag=C
Breakup by Region:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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"India Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, US$ 80.4 Million in 2022 US$ 173.6 Million by 2028 13.5% Industry Definition and Application: India Grow Light Market Trends: Request Free Sample Report: India Grow Light Market 2023-2028 Analysis and Segmentation: Breakup by Technology: Breakup by Installation Type: Breakup by Spectrum: Breakup by Application: Ask Analyst and Browse Full Report with TOC & List of Figure: Breakup by Region: Other Reports: About Us Contact Us: