Grow lights became a symbol of sustainable cultivation in the ever-changing field of agriculture, where old methods collide with new ideas. With a steady compound annual growth rate (CAGR) of 7.5%, the worldwide grow light market, valued at US$ 890.0 million in 2022, is expected to pave the way for a prosperous future by reaching US$ 1.2 billion by 2031.
Driving Forces
Urban farming emerges...
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