The global grow Lights market is predicted to witness a compound annual growth rate of 10.79% during the forecast period to reach a total market size of US$6.109 billion by 2023, increasing from US$3.304 billion in 2017. Rising adoption of vertical farming and indoor cultivation for the producing crops in many regions is driving the demand for indoor lighting solutions. Reduction in global arable land area and legitimize cannabis plantation will further push the demand for grow lights, thus augm Read more...
Track lighting is a technique for lighting where light fixtures are appended anywhere on a consistent track device that contains electrical conductors. LED track lighting is the most adaptable and versatile lighting solution and is appropriate many business and commercial applications. The commercial places such as workplaces, retail shops, showrooms, and lounge areas some settings that use track lighting solutions. Market Outlook With modernization and rising disposable income, consumers are Read more...
Bluetooth LED bulb market was valued at US$136.847 million in 2017 and is projected to grow at a CAGR of 16.45% over the forecast period to reach US$341.326 million by 2023. Bluetooth LED bulb is a technology that makes the use of smart lighting control process to control light based on various parameters, namely color, movement, occupancy, and amount of natural light. Growing adoption of smart light technology and solution for hospitality, office, and home is majorly driving the demand for Blue Read more...
OLED Market is projected to witness a compound annual growth rate of 14.83% over the forecast period to reach a total market size of US$42.115 billion by 2021, from US$18.368 billion in 2015. OLED technology is being increasingly used on account of advantages it offers like high power efficiency, lightweight and reduced size as compared to LED/LCD. OLED Display market is estimated to dominate over OLED lighting over the next six years due to features like better contrast ratio and viewing angles Read more...
UV LED market is expected to grow at a compound annual growth rate of 28.67% over the forecast period to reach a total market size of US$599.556 million from US$132.148 million in 2015. Demand of the UV LED across ink, adhesive and coating industries for the process of curing plays a significant role in the development of UV LED market. Factors such as increasing need to validate currency, air and water purification and general and horticulture lighting are driving the growth of this market. Usa Read more...
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