Grow Lights Market Worth $7.2 Billion by 2028
The global grow lights market was valued at USD 1.5 billion in 2022 and is projected to reach USD 7.2 billion by 2028; registering a CAGR of 30.7% during the forecast period according to a new report by MarketsandMarkets™. The rise in demand for grow lights solutions is attributed to Increased investments in establishing vertical farms and greenhouses and associated advanced technologies.
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