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.
Request Free Sample Report: https://www.imarcgroup.com/india-grow-light-market/requestsample
India Grow Light Market 2023-2028 Analysis and Segmentation:
The report has segmented the market on the basis on region, technology, installation type, spectrum, application.
Breakup by Technology:
Breakup by Installation Type:
- New Installations
- Retrofit Installations
Breakup by Spectrum:
- Partial Spectrum
Breakup by Application:
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Turf and Landscaping
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-grow-light-market
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal