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Discover what drives the North American grow lights market

Industrial Market Research

The North America grow lights market is expected to reach USD 4.01 Billion by the year 2024, at a CAGR of 15.89% during forecast period.

There is wide range of applications related to Grow Lights market are present in various fields. Proportional to it, Market size is very large and it is elongated in many of the regions.

In this generation, people are interested to live in cities than in towns and villages, this causes urbanization, so to balance the pollution and other problems and to save the nature, the vertical and rooftop farming is in the current trends and this paved way for the growth of the grow lights which are replacing all the older trends.

This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

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Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges and constraints on the market during the next five years.
  • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope for the market in end user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
  • A complete 360 degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
  • Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request.
  • All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.


North America Grow lights Market Top Players

  • Philips Electronics
  • Force Field Energy Inc.
  • CREE
  • Novagant
  • Valoya
  • Heliospectra
  • General Electric Company



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