Global LED Grow Light and Hydroponic Greenhouse Automation Market: By Spectrum (Full Spectrum, Partial Spectrum), By Range (Low Power (0-100 Watts), Medium Power (100 Watts-300 Watts), High Power (More than 300 Watts)), By Application (Indoor Farming, Landscape & Turf, Commercial Greenhouse, Vertical Farming), and Geography

 

The global LED grow light and hydroponic greenhouse automation market was valued US$ 681.3 Mn in 2021 and poised to grow at prominent growth rate over 2022-2028. The major factors driving the growth of market include due to increase in adoption of indoor farming in developed and developing countries, rise in demand for quality and organic food products, government initiations to raise the awareness about smart agriculture across the farmers, increase in the demand for LED grow lights over traditional LED lights, and development of technologically advanced LED grow lights are anticipated to surge the market over the forecast timeframe. However, high cost for the installation and maintenance and lack of awareness about the hydroponic greenhouse farming in underdeveloped countries. In addition, the report includes crop demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global LED grow light and hydroponic greenhouse automation market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global report include suppliers, manufacturers, marketers, policy makers, and agriculture service providers engaged in global turf & ornamental crop protection products.