Greenhouse Plant Grow Lights Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The automotive sector will continue to be a major consumer of gravity die-cast parts, particularly as vehicle manufacturers increasingly prioritize reducing vehicle weight to enhance fuel efficiency and meet global emission standards. With the proliferation of electric vehicles, which require specialized casting for their battery enclosures, this demand is expected to grow. Additionally, the aerospace industry’s constant need for high-performance, lightweight components further supports the demand for gravity die casting. As we approach the 2023-2033 period, there is also an increasing focus on developing new casting materials that meet the sustainability and strength criteria of emerging technologies. This shift will drive innovation in gravity die casting techniques, further enhancing the scope of applications. More industries will adopt gravity die casting, leading to diversification of product offerings and greater investment in technological advancements.
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The global Gravity Die Casting Parts Market witnessed steady growth from 2018 to 2022, driven by key factors such as automotive and aerospace industries demanding higher precision components. During this period, the market experienced a steady demand for gravity die-cast parts due to advancements in manufacturing technology and rising demand for lightweight and durable components. A surge in the automotive sector, particularly in electric vehicles, created a push for improved performance and efficiency. As automakers sought high-strength alloys for battery housings and electric motors, the demand for gravity die casting parts increased significantly. From 2023 to 2033, the market is expected to see a substantial shift in demand, fueled by emerging industries like renewable energy, electric vehicles (EVs), and the growth of the industrial manufacturing sector. The forecast period will see more adoption of lightweight materials in multiple sectors, and gravity die casting parts will play a crucial role in reducing weight and enhancing the energy efficiency of end products. The shift toward sustainability and eco-friendly production methods will also drive demand for high-quality casting processes.
Idroterm Serre
Hortilux Schréder
Carretillas Amate S.L.
HarveLite Lighting
Heinz Walz
HongYi Lighting
Fluence Bioengineering
BLV Licht- und Vakuumtechnik
Fujian Sanan SINO-SCIENCE Photobiotech
Gavita International
B-E De Lier
kroptek
J. Huete Greenhouses
Illumitex
Ambralight
Shenzhen AMB Technology
SANlight e.U.
Plessey Semiconductors
Plantekno Plant and Agricultural Technology
Philips Horticulture LED Solutions
PARsource
SHINAN GREEN TECH
Orion Energy Systems
Oreon LED
Agroled
Shenzhen Raywit High Tech
SOL LED LIGHTING TECHNOLOGY
Agrivolution
Sunmax Greenhouse Technolo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Greenhouse Plant Grow Lights Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Greenhouse Plant Grow Lights market share In 2023.
Fixed
Slide Rail Mobile
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Greenhouse Plant Grow Lights Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Greenhouse Plant Grow Lights Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Greenhouse Plant Grow Lights Market, By Type
6. Global Greenhouse Plant Grow Lights Market, By Application
7. Global Greenhouse Plant Grow Lights Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Greenhouse Plant Grow Lights Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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