#CAGR #horticultural #lighting #market #size #worth
Pune, India, Nov. 03, 2022 (GLOBE NEWSWIRE) — The global Market size for horticultural lighting was valued at $5.41 billion in 2021. The market is expected to grow from USD 6.19 billion in 2022 to USD 19.87 billion in 2029, registering a CAGR of 18.1% over the forecast period. Increasing awareness of indoor farming and its increasing applications are expected to drive the advancement of the market. Insights into the Fortune business™ provides this information in his report entitled “Horticultural Lighting Market, 2022-2029.”
key industry development
May 2022- Osram Licht AG announced the LED OSLON Optimal LED series, developed with Osram’s 1mm2 chips.
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Report scope and segmentation
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 18.1% |
| Value prognosis 2029 | $19.87… |
Read on GNW: At 18.1% CAGR, horticultural lighting market size is worth
