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The overall horticulture lighting market was valued at USD 2.08 billion in 2017 and is expected to reach USD 6.21 billion by 2023, at a CAGR of 20.61% from 2018 to 2023. APAC is expected to be the fastest-growing market…
The On-going LED Horticulture Lighting Market Expansion
According to the research of LEDinside, the market scale of LED plant lighting will reach US$ 224 million in 2018 and is estimated to grow to US$ 633 million by 2022, with a CAGR of 30% during 2018-2022. Many LED…
Horticultural LED lighting to grow at 17.8% CAGR from 2016-22: Yole
The 2016 horticultural lighting market (i.e. system level) represented a business of ~$3.1B, which should grow to ~$3.8B in 2017. The current business is mostly driven by greenhouse applications (~92% in 2017) and incumbent technologies (~79% in 2017), but a…
