LED Lighting Market in Horticulture to Grow at 22.55% CAGR to 2020

ReportsnReports.com adds a new research report Global LED Lighting Market for Horticulture Application 2016-2020. This report covers the present scenario and the growth prospects of the global LED lighting market for horticulture application for 2016-2020. To calculate the market size, the report presents the major vendors that manufacture LED lighting products for horticulture applications in the Americas, APAC, and EMEA.

This analyst forecast the global LED lighting market for horticulture application to grow at a CAGR of 22.55% during the period 2016-2020.

Complete report available @ http://www.reportsnreports.com/reports/738717-global-led-lighting-market-for-horticulture-application-2016-2020.html

Lighting sources such as incandescent lighting, fluorescent lighting, and tungsten photonic lighting were used. However, the industry is witnessing transition to the latest lighting technology like LED lighting. LED lighting devices provide high-intensity brightness, along with other advantages like low voltage requirements, low radiated heat, high reliability, negligible ultraviolet (UV) rays, and a longer life span over the conventional lighting sources.

The report, Global LED Lighting Market for Horticulture Application 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Cree
Fluence Bioengineering
Heliospectra
Hubbell Lighting
Illumitex
Kessil Lighting
Lemnis Oreon
LumiGrow
OSRAM SYLVANIA
Smart Grow Technologies

Other prominent vendors

Market driver

High electricity consumption and increasing power prices.
For a full, detailed list, view our report

Market challenge

Insufficient horticulture infrastructure.
For a full, detailed list, view our report

Market trend

Declining manufacturing cost of LED.
For a full, detailed list, view our report

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