LED Lighting Horticulture Market – Strategic
Recommendations For The New Entrants 2018- 2026
LED Lighting Horticulture Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
LED lighting horticulture market is directly addressed to the businesses associated with the
commercial, indoor and R&D activities associated with plants, which is in contrast of the field
farming and animal husbandry. These addressable segments are directly dependent on the
presence of sunlight for the crops growth. However, with the increase in global population and
lack of adequate sunlight in regions that include North Central Europe and Nordic countries,
requirement of additional production of vegetables, fruits, medicines and other agricultural
products
is
expected
to
drive
the
demands
for
these
industry
products.
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Increased power saving features of LED lights will present lucrative product demands through the
forecast period
Industry is largely characterized by the presence of conventional alternatives such as fluorescent
and high pressure sodium (HPS) products. These products are featured with high power
consumption, these in turn lead to heavy electricity bills and lower profit margins for commercial
applications. However, horticulturists are increasingly encouraging the use of LED lighting for