Boston, MA -- (SBWIRE) -- 05/13/2016 -- Grow lights can be efficiently used to grow crops and vegetables even if they are out of season. However, these plants would require supplemental lighting for photosynthesis, which may not be available naturally in a particular location or season. For this purpose, there are types of grow lights available that produce specialized types of light to benefit plants in different stages in their lives.

Technavio's analysts forecast the global grow lights market to grow at a CAGR of 11.7% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Grow Lights Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global grow lights market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of LED, fluorescent, high pressure sodium, incandescent and halogen grow lights.

The market is divided into the following segments based on geography:

-APAC
-Europe
-North America
-ROW

Technavio's report, Global Grow Lights Market 2016-2020, 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.

Key vendors

-Royal Philips
-PARsource Lighting Solutions
-GE
-Solarmax

Other prominent vendors

-Bridgelux
-EYE HORTILUX
-LED Hydroponics
-LumiGrow
-Twilight Group

Market driver

-Increase in plant factories
-For a full, detailed list, view our report

Market challenge

-Need for continuous support and maintenance
-For a full, detailed list, view our report

Market trend

-Popularity of solar-powered LED grow lights
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Royal Philips, PARsource Lighting Solutions, GE, Solarmax, Bridgelux, EYE HORTILUX, LED Hydroponics, LumiGrow, Twilight Group

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:
-Grow Lights Market - Global Forecast to 2022
-Automotive Labels Market - Global Trends & Forecasts to 2020
-Sustainable Packaging Market - Global Forecast to 2020
-Fresh Food Packaging Market - Global Forecast to 2020
-Vacuum Packaging Market - Global Forecast to 2020