The global LED Grow Lights Market witnessed a substantial surge in 2021, reaching a value of US$ 1.5 billion. Projections for the next decade indicate an impressive Compound Annual Growth Rate (CAGR) of 22.7%, propelling the total market size from US$ 1.9 billion in 2022 to a staggering US$ 14.8 billion by the end of 2032. This …
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LED Grow Lights Market Soars: Anticipated to Reach $14.8 Billion by 2032
The global LED Grow Lights Market witnessed a substantial surge in 2021, reaching a value of US$ 1.5 billion. Projections for the next decade indicate an impressive Compound Annual Growth Rate (CAGR) of 22.7%, propelling the total market size from US$ 1.9 billion in 2022 to a staggering US$ 14.8 billion by the end of 2032. This …
Continue reading “LED Grow Lights Market Soars: Anticipated to Reach $14.8 Billion by 2032”
LED Grow Lights Market: Thriving Growth to Reach $14.8 Billion by 2032
The global LED Grow Lights Market witnessed a substantial surge in 2021, reaching a value of US$ 1.5 billion. Projections for the next decade indicate an impressive Compound Annual Growth Rate (CAGR) of 22.7%, propelling the total market size from US$ 1.9 billion in 2022 to a staggering US$ 14.8 billion by the end of 2032. This …
Continue reading “LED Grow Lights Market: Thriving Growth to Reach $14.8 Billion by 2032”
Global LED Grow Lights Market Sees Explosive Growth, Set to Reach $14.8 Billion by 2032
By 2032, the value of the worldwide LED grow light market is projected to rise from US$ 1.9 billion. From 2022 to 2032, global sales of LED grow lights are anticipated to expand at a CAGR of 22.7%. Due of its numerous benefits, end users tend to favour LED grow lights that are less powerful …