In 2018, the grow light market has reached 3 billion 230 million US dollars and is expected to exceed 6 billion 760 million US dollars by 2024. The compound annual growth rate from 2019 to 2024 is expected to be 13.14%. Grow lights are an essential part of urban farming practices. It is often used to provide light to each strip of plant growth, or in some cases to supplement natural light, especially in colder countries with fewer days of sunshine and longer winters.
Full-spectrum LED Light for Indoor Plant Growth
Widely used in hydroponic grow system cultivation and planting of various plant species, such as fresh and nutritious vegetables, beautiful flower arrangements, spices, herbal cultivation, etc. With the popularity of e-commerce, farmers or agronomists can easily make purchases with a click of the Internet. In the application market classification, indoor cultivation occupies the largest market share, and there are many kinds of grow lights for indoor cultivation.
