Why Will APAC Rule the Horticulture Lighting Market?
The global horticulture lighting market is driven by the removal of the ban on the utilization of marijuana in healthcare centers in several nations, snowballing demand for agricultural commodities, and extensive aid for energy-efficient lights. The market is predicted to touch $20.3 billion by 2030, growing at an 18.1% CAGR in the coming years. The swift adoption of technologically advanced devices will create lucrative opportunities for the industry participants to sustain themselves in the highly competitive market. LED is predicted to be the largest growing technology prevailing in the market in the forecast period.
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The global horticulture lighting market is driven by the removal of the ban on the utilization of marijuana in healthcare centers in several nations, snowballing demand for agricultural commodities, and extensive aid for energy-efficient lights. The market is predicted to touch $20.3 billion by 2030, growing at an 18.1% CAGR in the coming years. The swift adoption of technologically advanced devices will create lucrative opportunities for the industry participants to sustain themselves in the highly competitive market. LED is predicted to be the largest growing technology prevailing in the market in the forecast period.
Read More: https://www.psmarketresear...
Horticulture Lighting Market Size | Industry Share, Growth Analysis Report to 2020-2030
The global horticulture lighting market valued $3.2 billion in 2019, and it is predicted to register a CAGR of 18.1% during the forecast period (2020–2030). The most prominent trend being witnessed in the horticulture lighting market is vertical farming.
https://www.psmarketresearch.com/market-analysis/horticulture-lighting-market
11 months ago
