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Cannabis Light Trends and Forecast
The future of the global cannabis Light market looks promising with opportunities in the greenhouse, indoor, and vertical farming markets. The global cannabis Light market is expected to reach an estimated $900 million by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are increasing legalization of cannabis for medical uses, growing demand for high-quality cannabis, and government support for the cannabis industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cannabis Light by Segment
The study includes a forecast for the global cannabis Light by technology, application, and region.
Cannabis Light Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Led Light
• High-Pressure Sodium Light
• Metal Halide Light
• UV Light
• Fluorescent Grow Light
Cannabis Light Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Greenhouse
• Indoor
• Vertical Farming
Cannabis Light Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cannabis Light Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cannabis Light companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cannabis Light companies profiLED in this report include-
• Osram Licht
• Gavita Holland
• Illumitex
• Signify Holding
• Lumigrow
Cannabis Light Market Insights
Lucintel forecasts that LED light will remain the largest segment over the forecast period because it helps to improve the quality of cannabis products by increasing the production of cannabinoids and terpenes.
North America will remain the largest region over the forecast period due to the growing legalization of cannabis in both Canada and the United States, and growing cultivation of cannabis in the region.
Features of the Global Cannabis Light Market
Market Size Estimates: Cannabis Light market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cannabis Light market size by technology, application, and region in terms of value ($M).
Regional Analysis: Cannabis Light market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the cannabis Light market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cannabis Light market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the cannabis Light market size?
Answer: The global cannabis Light market is expected to reach an estimated $900 million by 2030.
Q.2 What is the growth forecast for cannabis Light market?
Answer: The global cannabis Light market is expected to grow with a CAGR of 17.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the cannabis Light market?
Answer: The major drivers for this market are increasing legalization of cannabis for medical uses, growing demand for high-quality cannabis, and government support for the cannabis industry.
Q4. What are the major segments for cannabis Light market?
Answer: The future of the global cannabis Light market looks promising with opportunities in the greenhouse, indoor, and vertical farming markets.
Q5. Who are the key cannabis Light market companies?
Answer: Some of the key cannabis Light companies are as follows:
• Osram Licht
• Gavita Holland
• Illumitex
• Signify Holding
• Lumigrow
Q6. Which cannabis Light market segment will be the largest in future?
Answer: Lucintel forecasts that LED light will remain the largest segment over the forecast period because it helps to improve the quality of cannabis products by increasing the production of cannabinoids and terpenes.
Q7. In cannabis Light market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the growing legalization of cannabis in both Canada and the United States, and growing cultivation of cannabis in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cannabis Light market by technology (LED Light, high-pressure sodium Light, metal halide Light, UV Light, and fluorescent grow light), application (greenhouse, indoor, and vertical farming), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Cannabis Light Market, Cannabis Light Market Size, Cannabis Light Market Growth, Cannabis Light Market Analysis, Cannabis Light Market Report, Cannabis Light Market Share, Cannabis Light Market Trends, Cannabis Light Market Forecast, Cannabis Light Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Cannabis Light Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Cannabis Light Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Cannabis Light Market by Technology
3.3.1: LED Light
3.3.2: High-Pressure Sodium Light
3.3.3: Metal Halide Light
3.3.4: UV Light
3.3.5: Fluorescent Grow Light
3.4: Global Cannabis Light Market by Application
3.4.1: Greenhouse
3.4.2: Indoor
3.4.3: Vertical Farming
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Cannabis Light Market by Region
4.2: North American Cannabis Light Market
4.2.2: North American Cannabis Light Market by Application: Greenhouse, Indoor, and Vertical Farming
4.3: European Cannabis Light Market
4.3.1: European Cannabis Light Market by Technology: LED Light, High-Pressure Sodium Light, Metal Halide Light, UV Light, and Fluorescent Grow Light
4.3.2: European Cannabis Light Market by Application: Greenhouse, Indoor, and Vertical Farming
4.4: APAC Cannabis Light Market
4.4.1: APAC Cannabis Light Market by Technology: LED Light, High-Pressure Sodium Light, Metal Halide Light, UV Light, and Fluorescent Grow Light
4.4.2: APAC Cannabis Light Market by Application: Greenhouse, Indoor, and Vertical Farming
4.5: ROW Cannabis Light Market
4.5.1: ROW Cannabis Light Market by Technology: LED Light, High-Pressure Sodium Light, Metal Halide Light, UV Light, and Fluorescent Grow Light
4.5.2: ROW Cannabis Light Market by Application: Greenhouse, Indoor, and Vertical Farming
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Cannabis Light Market by Technology
6.1.2: Growth Opportunities for the Global Cannabis Light Market by Application
6.1.3: Growth Opportunities for the Global Cannabis Light Market by Region
6.2: Emerging Trends in the Global Cannabis Light Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Cannabis Light Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Cannabis Light Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: OSRAM Licht
7.2: Gavita Holland
7.3: Illumitex
7.4: Signify Holding
7.5: LumiGrow
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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