According to the latest report by IMARC Group, titled “India Grow Light Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the india grow light market is expected to exhibit robust growth during 2021-2026.
Grow lights, also known as plant lights, are artificial light sources that promote photosynthesis and accelerate growth in plants. These lights are used for growing plants in conditions where natural light is insufficient or not available. Grow lights also control different elements, such as color, temperature and intensity of the lights, to mimic outdoor settings for improved crop yield.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Grow Light Market Trends:
The India grow light market is primarily driven by its increasing utilization in the agriculture sector. Grow lights are versatile, energy-efficient, and cost-effective, which helps in commercial greenhouse farming. They also aid in maintaining the optimal yield and plant quality to meet the rising food demand across the country. Besides this, the rising investments by the Government of India in research and development (R&D) activities to promote innovations in agricultural science are also escalating the demand for grow lights. Moreover, the development of smart grow lights integrated with the Internet of Things (IoT) is another major growth-inducing factor that is expected to provide a positive outlook to the market in the near future.
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India Grow Light Market 2021-2026 Analysis and Segmentation:
Breakup by Technology:
- HID
- LED
- Fluorescent
- Others
Breakup by Installation Type:
- New Installations
- Retrofit Installations
Breakup by Spectrum:
- Full-Spectrum
- Partial Spectrum
Breakup by Application:
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Turf and Landscaping
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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