1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Grow Light Market projected to grow at a high rate by 2024: Global Market Insights, Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The grow light market in economies including the U.S., Canada, and the UK due to their higher spending capacity dominates in terms of revenue.  Grow light market is expanding in countries including Northern Canadian states, Siberia, and parts of Argentina and Chile, where natural sunlight is available for fewer hours as the night time exceeds daytime hours.  The devices are used in these regions to support the crop growth in the absence of natural sunlight. Regional Analysis of Grow Light Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Grow Light Market:  Grow light market has a promising scope for expansion by facilitating the use of automated and semi-automated farming techniques. For instance, automated facilities enable the user to have the added flexibility of concentrating on the other aspects of farming. With the commercialization of IoT, grow light market expansion will receive further impetus. There is a high demand for remote and connected technologies for better convenience and higher efficiency.  Fluorescent LED devices exhibit varied spectrums of wavelength output and can drive the grow light market in the near future. For instance, the warm and red spectrum is recommended for the growth of flowers and the cool and blue spectrum is preferred for vegetative growth.

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Players in the grow light market include Aerofarms Ltd., Gavita Holland B.V., Lumileds Holding B.V., Philips Lighting Ltd., OSRAM Licht Group, Valoya Ltd., Heliospectra AB, Sunlight Supply, Inc., and Fluence Bioengineering, Inc.  Manufacturers are required to focus on product launches, collaborations, strategic partnerships, mergers, and acquisitions to sustain advancements in the grow light market. Continuous R&D activities help in reducing the costs of devices, furthering the expansion of grow light market.  Valoya Ltd. launched a new product line titled BL series in January 2018. Competitive Market Share of Grow Light Market:

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Grow Light Market @ https://bit.ly/2vmIICYhttps://bit.ly/2vmIICY Request for an in-depth table of contents for this report @ https://bit.ly/2KfJ7fP

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