Light-emitting Diode (LED) Grow Lights Market to grow by USD 4.87 billion between 2022 - 2027 | Growth Driven by the need for energy-efficient and long-lasting grow light technology - Technavio
The potential growth difference for the light-emitting diode (LED) grow lights market between 2022 and 2027 is USD 4.87 billion.
- The potential growth difference for the light-emitting diode (LED) grow lights market between 2022 and 2027 is USD 4.87 billion.
- The need for energy-efficient and long-lasting grow light technology drives the LED grow lights market.
- Compared to fluorescent grow lights and HPS grow lights, LED grow lights are more energy efficient.
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Market Challenge - The harmful effects of LED grow lights challenge the growth of the LED grow lights market.