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| Dimension | Value |
|---|---|
| Market Size (2023) | $1.5 Billion |
| Expected Growth Rate (2024-2028) | 15% CAGR |
| Key Materials Used | LED Chips, Aluminum, Power Supply |
| Common Applications | Indoor Gardening, Vertical Farms, Hydroponics |
| Average Lifespan | 50,000 hours |
| Primary End Users | Home Growers, Commercial Growers, Research Institutions |
| Key Trends | Smart Lighting, Energy Efficiency, Customizable Solutions |