Verjure, a professional-grade horticulture LED lighting solution, has been introduced by Acuity Brands, Inc. It provides effective and reliable performance for indoor horticulture applications. The Verjure Pro Series LED luminaires were created utilizing academic, plant-based research and are intended to assist all phases of plant development, from veg to flower.
Cree Lighting has introduced its J Series 5050C E Class LEDs, which have the best efficacy for high power LEDs in the industry: 228 lumens per watt (LPW) typical at 4000K, 70 CRI, and 1W. The new J Series LEDs provide up to three times as much light as comparable 5050 LEDs at the same level of efficiency. Additionally, these cutting-edge LEDs are made with high corrosion resistance for the harshest situations.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5269
Published Date: Sep 26, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing adoption of smart LED lighting with integration of internet of things (IoT), rising efforts to save energy, and surge in efficiency in LED lighting.
The market size of LED lighting is anticipated to attain a CAGR of 14.0% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Acuity Brands, Inc., Cree Lighting, Dialight, Digital Lumens, Incorporated, and others.
The commercial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific excluding Japan region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.