United States Grow Light Market to Grow at 9.5% During 2024-2032, Impelled by Rising Trend of Urban Farming

The latest report by IMARC Group, titled "United States Grow Light Market Report by Technology (HID, LED, Fluorescent, and Others), Installation Type (New Installations, Retrofit Installations), Spectrum (Full-Spectrum, Partial Spectrum), Application (Indoor Farming, Vertical Farming, Commercial Greenhouse, Turf and Landscaping, and Others), and Region 2024-2032," finds that the United States grow light market is expected to exhibit a CAGR of 9.5% during the forecast period (2024-2032). Grow lights are used to emit electromagnetic spectrum to promote photosynthesis. It is available in light-emitting diodes (LED), high-intensity discharge (HID), fluorescent, high-pressure sodium (HPS), and incandescent variants. It relies on color, intensity, and temperature to create an ideal environment for plants to grow and improve crop yield. Owing to these properties, grow lights are utilized in home gardening, commercial indoor gardening, horticulture, food production, and plant propagation applications.

United States Grow Light Market Trends:

The market is primarily driven by the rising trend of urban farming. In addition, the increasing establishments of solar power-based agricultural plants represent another major growth-inducing factor. Besides this, grow lights are increasingly adopted as a sustainable way of cultivation as it serves as an eco-friendly technique for facilitating agricultural produce. This, coupled with the growing consumer inclination toward indoor farming, is positively influencing market growth. Moreover, the market is further propelled by several technological advancements, such as the development of grow lights incorporated with the Internet of Things (IoT). Furthermore, the rising environmental consciousness among the masses and the associated benefits of grow light, including versatility, energy efficiency, color quality, and cost-effectiveness, are also creating a favorable market outlook across the country.

Market Summary:

• Based on technology, the market has been categorized into HID, LED, fluorescent, and others.
• On the basis of the installation type, the market has been bifurcated into new and retrofit installations.
• Based on the spectrum, the market has been classified into full and partial spectrum.
• On the basis of the application, the market has been segmented into indoor farming, vertical farming, commercial greenhouse, turf and landscaping, and others.
• Region-wise, the market has been divided into Northeast, Midwest, South, and West.
• The competitive landscape of the market has been examined in the report, along with the detailed profile of key players operating in the industry.
   

Report Scope:

About Us:

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.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800