Horticultural LED Lighting Market Size to Reach USD 2.41 Billion
Horticultural LED Lighting Market, valued at USD 977 million in 2024, is on a spectacular growth trajectory, projected to surge to USD 2,405 million by 2032. This robust expansion, representing a compound annual growth rate (CAGR) of 14.1%, is detailed in a comprehensive new report published by Semiconductor Insight. The study underscores the pivotal role of this advanced lighting technology in revolutionizing agriculture by enabling precise control over plant growth, maximizing yields, and ensuring year-round production regardless of external climatic conditions.
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