![Grow Light Market](https://res.cloudinary.com/devmoveo/image/upload/v1718600689/skyquest/gallery/Grow-Light-Market.jpg)
Report ID: SQMIG55A2048
Report ID:
SQMIG55A2048 |
Region:
Global |
Published Date: June, 2024
Pages:
182
|
Tables:
221 |
Figures:
81
Market leaders in the grow light market are making use of strategic moves like alliances and innovative products to increase their market share. Also, companies have been acquiring competitors’ firms in a bid to consolidate their market position. For example, Crop One Holdings cooperated with Emirates Flight Catering to create Emirates Crop One (ECO 1), the world’s largest vertical farm located in Dubai that covers approximately 330,000 square feet, which is around the size of Lincoln Memorial Reflecting Pool. The technological advancements driven by Signify and Everlight has led to the development of smart and connected systems that encourage innovation within the grow lights sector. Industry players are focusing on large scale deployment; hence they are actively looking for mergers, partnerships or acquisitions to improve technical capabilities as well as meet growing demand for LED and greenhouse lights from indoor farming and vertical farming sectors.
Top Player’s Company Profiles
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Report ID: SQMIG55A2048