Increased Adoption of LED as Light Source Stimulating Growth Prospects in the Vegetable Factories Market in Japan: Technavio Report

Renewable energy

 

  • The Vegetable Factories Market in Japan 2014-2018 is expected to grow at a CAGR of 25.75 percent during the period 2013-2018.

London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Vegetable Factories Market in Japan 2014-2018.   One of the major trends upcoming in this market is an increase in the adoption of LED as a source of lighting in Japan. LEDs are energy efficient and help vendors cut production costs. They emit light of different colors and enable easy control over the light directed toward plants. They also help in the improvement of certain factors such as growth, flavor, texture, and nutritional content.

“Compared with incandescent bulbs, LEDs as light sources emit far less thermal radiation, making them appropriate for maintaining suitable temperatures during plant cultivation in vegetable factories,” says Faisal Ghaus, Vice President of TechNavio Research.

“Minimal heat generation combined with the ability to place the light source closer to the plants enables the provision of an ample amount of light for growing vegetables.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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