The Floriculture Lighting Market is expected to rise at annual rate of 6.90% in the forecast period of 2020 to 2027 due to the increase in number of population.
On the other hand, high cost of energy efficient lighting is expected to obstruct the floriculture lighting market growth in the above mentioned forecast period.
According to Data Bridge Market Research, the market for the floriculture lighting is escalating due to the limited availability of agricultural land and rising demand of high quality yield. Additionally, initiatives taken by government for the prevalence of energy efficient lighting and legalization of cannabis for medical purposes positively affect the floriculture lighting market. Furthermore, growth awareness regarding indoor and vertical farming extend profitable opportunities to the floriculture lighting market players.
Now the question is which are the other regions that floriculture lighting market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to dominate because of the increasing number of population in various regions, availability of agricultural land in India, Japan, China and Australia and rapid urbanization in the economy in the region.
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The floriculture lighting market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of floriculture lighting companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-floriculture-lighting-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Floriculture Lighting Market – Industry Trends and Forecast to 2027