Growgeneration Corp (GRWG)

[JohnSmith2k18]

The report divides the market by equipment into grow lights, aeration systems, HVAC, irrigation systems, and others. The LED grow lights hold most of the market share; these accounted for 31.1% market share in 2017 and are expected to register a CAGR of 14.8% between 2017 and 2021. The growing demand for energy efficient light and advanced technology is the reason for the growth of the LED grow light, which is being used as important equipment in both aquaponic and hydroponic methods.