Global LED Grow Lights Market Analysis & Forecasts to 2021 - Promotion of Vertical Farms & Expansion of Smart Phone Technology

DUBLIN, October 19, 2017 /PRNewswire/ --

The "Global LED Grow Lights Market, Analysis & Forecast - 2017 to 2021: Focus on Power Consumption (Low Power and High Power), Spectrum (Partial and Full), and Application (Commercial Greenhouse, Indoor Farming, Vertical Farming, and Turf & Landscaping)" report has been added to Research and Markets' offering.

The report answers the following questions about the global LED grow lights market:

• What is the size, in terms of value ($million) of LED grow lights market in 2016, and growth rate during the forecast period, 2016-2021?
• What are different types of applications of LED grow lights?
• What is the market share of different types of LED grow lights on basis of power consumption and their growth rate during the forecast period, 2016-2021?
• What is the market share of different types of LED grow lights on basis of spectrum type and their growth rate during the forecast period, 2016-2021?
• What is the market size of different power consuming LED grow lights, in terms of value, on the basis of different applications?
• What is the market size of different spectrum emitting LED grow lights, in terms of value, on the basis of different applications?
• What is the LED grow lights market size for different regions and countries in terms of value?
• What are the key trends and opportunities in LED grow lights market, pertaining to countries included in different geographical regions?
• How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of LED grow lights?
• What are the major driving forces that tend to increase the demand for LED grow lights during the forecast period?
• What are the major challenges inhibiting the growth of the global LED grow market?
• What kind of new strategies is being adopted by existing market players to make a mark in the industry?
• What is the competitive strength of key players in the LED grow market by analyzing through market share analysis?
• What are the key market players in the market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The increasing world population and the rapid urbanization has resulted in an increase in demand for food while conventional farming is on a decline. The world population is expected to reach 9.7 billion by 2050 and according to the United Nations around 66% of those will be living in urban areas.