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The India grow light market reached a value of US$ 70.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 155.8 Million by 2027, exhibiting a CAGR of 14.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Grow lights are artificial light sources utilized for stimulating plant growth. They emit electromagnetic radiation in the visible light spectrum, which acts as sunlight for photosynthesis. Grow lights are commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. The different elements of these lights, such as color, intensity, and temperature, can be controlled to mimic outdoor settings. This creates an ideal environment for plants to grow, thus resulting in the improved crop yield. Consequently, grow lights are extensively utilized in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.
The grow light market in India is primarily being driven by a significant rise in the population and the rapid establishment of vegetable factories in the country. In addition, the emerging trend of vertical, rooftop, and commercial greenhouse farming is further contributing to the market growth. Moreover, grow lights offer several benefits, including versatility, color quality, energy-efficiency, and cost-effectiveness, which is promoting the widescale utilization of these lights across the agriculture sector. Furthermore, continuous investments in research and development (R&D) activities to promote innovations in agricultural science and technology are acting as another major growth-inducing factor. Apart from this, the increasing deployment of solar power-based agricultural plants is creating a positive outlook for the market across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India grow light market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on technology, installation type, spectrum and application.
Breakup by Technology:
Breakup by Installation Type:
Breakup by Spectrum:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Technology, Installation Type, Spectrum, Application, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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Key Questions Answered in This Report:
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