DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global LED Lighting Market for Horticulture Application 2016-2020" report to their offering.
The report forecasts the global LED lighting market for horticulture application to grow at a CAGR of 22.55% during the period 206-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.
One of latest trends in the market is focus on development of innovative products. The growth and development of horticulture crops depend on the amount of sunlight they receive. The long period of darkness, especially in Nordic Countries and North Central Europe, makes it difficult for farmers to improve the crop output.
Therefore, horticulturists are supplementing sunlight with lighting technologies. As LEDs provide optimum plant light output and are cost-effective, these are gaining traction among horticulturists. The growing preference for LEDs over traditional lighting has encouraged lighting manufacturers to develop innovative LED lighting lamps and fixtures specific to the horticulture sector.
Further, the report states that one major challenge in the market is Insufficient horticulture infrastructure. The non-availability of postharvest, lack of food processing facilities, inadequate storage facilities, and inadequate credit to finance the purchase of inputs and capital investment are deterring farmers to shift to horticulture.
- Fluence Bioengineering
- Hubbell Lighting
- Kessil Lighting
- Lemnis Oreon
- OSRAM SYLVANIA
Smart Grow Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Technology landscape
PART 06: Market landscape
PART 07: Market size and forecast
PART 08: Market analysis
PART 09: Application segmentation
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/xf43fj/global_led