#Artificial Photosynthesis Market Outlook

[medicaldevicesindustrynews]

Artificial Photosynthesis Market Will Reach USD 188.9 Million by 2030

The global artificial photosynthesis market is witnessing growth and is projected to reach USD 188.9 million by 2030, advancing at a CAGR of 14.70% during the projection period. This development of the market can be ascribed to the increasing research and development spending by many government and private establishments; the rising acceptance of enhanced pioneering technologies; and the rising…

[chemicalsmaterialsnews]

Unleashing the Power of Sunlight: Exploring the Artificial Photosynthesis Market

The total revenue generated by the artificial photosynthesis market was USD 63.1 million in 2022, and it will reach USD 188.9 million by 2030, proceeding at a compound annual growth rate of 14.70% in the years to come, as said by a report published by P&S Intelligence.

The co-electrolysis category had the largest share of revenue in the past, and it will maintain its position in the years to come at a rate of 15.6%. This is due to the fact that this technology is employed for the production of electricity, manufacturing of agricultural fertilizers, and production of hydrogen.

Moreover, integrated artificial photosynthesis combines extremely productive and selective CO2 electrolysis with high-efficiency solar energy for providing best systems for recycling of carbon.The increasing population and the snowballing purchasing power of consumers because of the increasing per capita income are powering the increasing requirement for crops.

Though, decreasing levels of arable land because of a variety of environmental, climatic, and human factors, inspire farmers and governments to competently make use of the available land for production of crops. Therefore, the requirement for fertilizers is on the rise, as they advance the productivity and growth of crops. Nitrogen fertilizer is the utmost common fertilizer used in agrarian activities. Ammonia is a building block for the making of nitrogen fertilizers.The hydrocarbons dominated the artificial photosynthesis market and it will maintain its position in the years to come with a rate of 14.9%. This is as a result of the large-scale acceptance of artificial photosynthesis that can offer society storable and renewable energy in the form of valued fuels.

The requirement for green hydrogen and clean fuel has progressively increased recently, powered by increasing number of grants and funding. For example, the U.S. has promised the usage of renewable energy to for the production of green hydrogen, more economical than natural gas. North America dominated the industry, and it will continue the same way in the future too. This is because of the increasing government initiatives for provide funding for research and the increasing influence to the net zero emission plan.

APAC will have the fastest growth. This will be because of the increasing demand eco-friendly liquid fuels and green hydrogen, the increasing economy together with per capita income, the increasing company count, the snowballing acceptance of technologies for production of renewable energy, the growing concern of the government regarding emissions of carbon, the increasing need for fuel, and ammonia from the agriculture industry.

[latestmarketreport]

LED Agricultural Grow Lights Market Profile | Future Demand & Growth | Forecast To 2028

DUBAI, UAE. 13th September 2019: LED Agricultural Grow Lights Market is anticipated to witness an exponential growth in the forecast period. LED agricultural grow lights are an artificial source of light, mostly an electric light that is intended to stimulate plant development by devising an electromagnetic spectrum appropriate for photosynthesis.

Factors such as technical innovations, increasing farm yields, rapid acceptance of LED lighting, rising consequence of grow lights in numerous applications such as in the indoor farming, greenhouse, turf, and vertical farming, growing urbanization, increasing governments’ initiatives to make people aware of the benefits of using LED lights, energy efficiency, low space requirement, and low emanations and vast advantages of LED lights are likely to drive the LED agricultural grow lights market in the forthcoming period.

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On the other hand, longer exposure in LED lights has caused minor headache, itchiness, and redness in eyes; which are anticipated to hinder LED agricultural grow lights market growth in the forthcoming period. However, the necessity for long-lasting and energy-efficient lighting technology as a supplement to natural lighting for plant development is likely to create lucrative opportunities for the market. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Market could be explored by type, spectrum, application, and geography. Market could be explored by type as Low Power (<300W) LED Grow Lights and High Power (=300W) LED Grow Lights. Based on the spectrum, the market could span partial and full.

The key applications that could be explored in the LED agricultural grow light market include Research, Vertical Farming, Commercial Greenhouse, Space Ecological Systems and Turf and Landscaping. The “Vertical Farming” segment accounted for a prominent share in the market. It is likely to emerge highly lucrative in the forthcoming period. The key factors that could be attributed to the growth include increasing in urban farming and increasing government initiatives to make people aware of the benefits of using LED lights.

Asia-Pacific is a leading region in the LED agricultural grow lights to market. It is likely to maintain its dominance in the forecast period owing to factors, such as rapidly rising the electronic industry in the emerging countries such as China and India. The foremost manufacturers are concerned towards the region owing to the availability of inexpensive labor and large customer base. Asia-Pacific is followed by North American and European region owing to established key manufacturers and increasing demand.

Leading key players operating in the LED agricultural grow lights market include Osram, Philips, GE, ever light Electronics, Illumitex, Opto-LED Technology, Epistar, Syhdee, Sanxinbao Semiconductor, LumiGrow, Valoya, Kessil, Fiona Lighting, Apollo Horticulture, Nestled and Grow LED Hydro. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• 100w

• 300w

• 500w

• Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of LED Agricultural Grow Lights for each application, including

• Vegetables

• Flowers and Plants

• Other

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[researchreports-posts]

Plant Factory Grow Lights Market : Industry Outlook, Growth Prospects and Key Opportunities

A closed system of farming wherein a farmer or a farm technician attempts to achieve farm production under regulated conditions which have been created artificially is known as plant factory. Plant factories are generally used for the purpose of growing organic vegetables. This needs artificial control of temperature, light, carbon dioxide and moisture. Grow light is an artificial source of light which are designed to emit electromagnetic spectrum which is suitable for the photosynthesis purpose. Grow light is useful for warehouse food production. Visible light has a different spectrum as compared to grow light. The spectrum of grow lights can be optimized according to plant. The productivity of crops increases by a significant factor due to plant factory practice.

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Global market for plant factory and grow lights is estimated to grow at a significant rate. The demand for organic plants and vegetables has grown worldwide while the comparative supply has not been able to match the demand. This has led to the evolvement of the plant factory system which is an automated farm with advanced technologies and can produce 24 hours a day without depending upon climate. Plant factory market can be segmented into two categories, new plant factory construction market and plant factory products market. Highest growth rate is expected in North American countries, i.e. USA and Canada and European countries including UK, France and Germany. The APAC region currently comprises only a small segment but is expected to grow significantly as the awareness about the benefits of this technology has been increasing significantly.

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The driving factors for plant factories and grow lights market are the increasing demand for the ability to grow food locally and consistently, paucity of space for farming especially in cities, and the need to increase the yield per unit area without harming the environment. Governments are also encouraging plant factories and grow lights for improving the production. The opportunities in this market are varied and can range from technological advancement in grow lights, combined use of natural lighting with artificial lighting, developing a solar power based plant factory to constructing multiple level plant factories which would further reduce space requirement. Some of the major players in this market are APL engineered material, Daystar, Advanced lighting Technologies, Siemens Philips horticulture Lamps, General Electric, Hydrofarm, Iwasaki Electric, Sun System and Taiwan Floriculture Exports Association.