Grow Lights Market Size, Share, Forecast to 2030
The latest report by Meticulous Research® forecasts the grow lights market to hit $8.5 billion by 2030, with a steady CAGR of 20.6%. Factors contributing to growth include advancements in LED grow lights and the expanding use of smart technologies in farming. However, challenges persist with the varying lighting requirements for different plants and the lack of standardized testing practices for horticultural lighting products.
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