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Global High Intensity Discharge (HID) Bulbs Markets Report 2021-2030: Metal Halide Light, High-Pressure Sodium Light, Xenon Arc Light, Industrial, Agriculture, Medical, OEM, Aftermarket
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Global Architectural Lighting Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2026
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According to IMARC Group s latest report, titled
Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 , The global architectural lighting market is expected to exhibit moderate growth during 2021-2026. Architectural lighting refers to the process of providing electric and daylight lighting in architectural and urban environments. This process offers various benefits, including affordability, reliability, longer lifespan and cost-efficiency. Architectural lighting primarily concentrates on the proper functionality, energy efficiency and aesthetics of an area. It is widely employed across various sectors, which include retail, hospitality, industrial, residential, education, and commercial.
Advanced Vehicle Lighting Market Opportunities, Top Manufactures, Industry Growth, Share, Size, Regional Analysis and Global Forecast to 2027
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The global horticulture lighting market is projected to grow from USD 2.3 billion in 2020 to USD 6 billion by 2025; it is expected to grow at a CAGR of 21.4% from 2020 to 2025.
The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives to promote the adoption of CEA practices, growing demand for food owing to the continuously increasing population, and ongoing legalization of cannabis cultivation. Moreover, increasing the adoption of CEA facilities to meet the growing demand for fresh produce due to COVID-19, and increasing awareness regarding benefits provided by LED technology to grow crops through the year amid the COVID-19 pandemic could play a key role in driving the growth of the horticulture lighting market.