via：http://www.businesswire.com/news/home/20171031005774/en/Global-LED-Grow-Lights-Market-2017-2021-Focus
The trends of the LED grow lights market varies with different geographical regions. The LED grow lights market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe, South America, and Middle East and Africa. The competitive landscape for the LED grow lights market demonstrates an inclination towards companies adopting strategies such as business expansion and product launch and development. The major established players in the market, are focusing more on business expansion to keep a strong hold on the market.
Heliospectra, Philips Lighting, and Illumitex are few of the major industry players that have adopted this strategy to grow their business. These companies expanded their business in different countries to expand their customer base in the market.
The need for more R&D and appropriate regulatory environments is a prerequisite for sustained growth of this market. Various government and private research institutes, and regulatory bodies and associations are putting in substantial efforts to identifying how LED grow lights can be important for required food production. The need for sophisticated farming techniques is necessary to fulfill the increasing demand for food. LED grow lights not only makes farming more productive, it also helps in developing the agriculture and farming sectors in highly urban countries.
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