Europe's greenhouse-growth light market is expected to reach USD 2.11 billion in 2024 and reach USD 3.73 billion by 2029, growing at a CAGR of 12.10% from 2024 to 2029.
Grow lights, particularly LEDs are used in a huge range of farming-related applications, owing to the advantages they offer such as high low power consumption, reliability, and spectral intensity.
A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.
The Europe greenhouse grow light market is driven by the rise in the adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped lower the costs of necessary grow lights, which has increased the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.
This research report on the European greenhouse grow light market is segmented and sub-segmented into the following categories.
Europe Greenhouse Grow Light Market – By Spectrum:
Europe Greenhouse Grow Light Market – By Installation:
Europe Greenhouse Grow Light Market – By Technology:
Europe Greenhouse Grow Light Market – By Application:
Europe Greenhouse Grow Light Market – By Country:
The Europe market has been geographically segmented into Germany, U.K., France, Spain, and Italy. As of 2016, Europe holds the largest share in the global market share analysis, owing to the head start that greenhouse culture has in Europe, as it all started here because of favorable climate conditions. The rapid growth in technological innovations is set to further boost the market growth in Europe.
KEY MARKET PLAYERS:
The major players operating in the Europe Greenhouse Grow Light industry include Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., and Sunlight Supply Inc.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region