Grow Lights Market by Offering (Hardware, Software & Services), Wattage (<300, >=300), Spectrum (Full Spectrum, Limited Spectrum), Cultivated Plant, Installation Type, Lighting Type, Sales Channel, Application and Region - Global Forecast to 2029
[237 Pages Report] The grow lights market is expected to reach USD 6.4 billion by 2029 from USD 2.0 billion in 2024, at a CAGR of 26.5% during the 2024-2029 period.
Grow lights are specialized artificial lighting systems essential for promoting plant growth in indoor environments where natural sunlight is limited or unavailable. These lights are available in various types, including fluorescent (CFLs, T5, T8, and T12 tubes), LED (standard and full spectrum), and HID (Metal Halide, High-Pressure Sodium, and Ceramic Metal Halide) lights, each offering unique benefits such as energy efficiency, longevity, and specific wavelength emissions tailored to different plant growth stages. Fluorescent lights are commonly used for seedlings and leafy greens, while LEDs are preferred for their customizable spectra that support all growth stages from seedling to flowering. HID lights, known for their high intensity, are often used in commercial settings, with Metal Halide lights promoting vegetative growth and High-Pressure Sodium lights enhancing flowering and fruiting. Grow lights work by emitting light wavelengths that plants absorb for photosynthesis, the process by which they convert light into chemical energy to fuel their growth. This capability allows for the extension of growing seasons and enables year-round cultivation, regardless of external weather conditions or daylight availability, making them particularly beneficial for urban agriculture and indoor gardening where space and natural light are constrained. By providing optimal lighting conditions, grow lights enhance plant health, growth rate, and yield. They are widely used in home gardens, commercial greenhouses to supplement natural light, and urban farming setups, playing a crucial role in modern agricultural practices by enabling efficient, controlled environment agriculture (CEA).
Grow Lights Market Forecast to 2029
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Grow lights Market Dynamics
Driver: Robust governmental support for the implementation of solid-state lighting technology and controlled-environment agriculture (CEA) methodologies
Light-emitting diode (LED)-based lighting, the dominant form of solid-state lighting (SSL), is transforming the lighting sector. According to the US Department of Energy in June 2020, LED lighting can reduce electricity consumption by 31% to 35% per square foot of growing area compared to conventional lighting technology. Governments worldwide are promoting SSL adoption due to this efficiency. They are also intensifying their investments in SSL research and development to make these systems more affordable. For instance, the Chinese government allocates approximately USD 1 billion annually towards SSL development. Similarly, the European Union invests nearly USD 100 million on average, while the US Department of Energy commits around USD 250 million each year to SSL adoption and research. This trend is expected to escalate in the future as governments increasingly prioritize reducing greenhouse gas emissions.
The US government incentivizes the adoption of LED-based grow lights through various programs such as rebates, loans, and tax incentives. Below are some examples of incentive programs available in different states across the US.
Furthermore, governments worldwide are actively endorsing controlled-environment agriculture (CEA), thus amplifying the demand for LED-based grow lights. CEA, once considered a niche technology, has now emerged as a viable solution for enhancing food security while safeguarding the environment. Driven by the perpetual need for local produce and advancements in vertical farming and greenhouse techniques, CEA technologies are swiftly being embraced to optimize space, energy, water, labor, and capital utilization. In February 2022, Kerala (India) initiated the Vertical Garden plan under the State Horticulture Mission (SHM) as part of the Mission for Integrated Development of Horticulture (MIDH). This initiative aims to assist individuals in establishing vertical gardens for cultivation. Participants will receive a 75% subsidy on the total setup cost, with the remaining 25% borne by the beneficiary.
Restraint: Elevated setup and installation expenses for LED grow lights
The high initial investment required for LED grow lights presents a significant hurdle for the overall growth of the grow lights market. Despite their increasing popularity due to superior energy efficiency, higher light output, and longer lifespan compared to traditional High-Pressure Sodium (HPS) lights, LED systems generally entail higher upfront costs. This initial capital expenditure for establishing an LED grow light system can be 2-3 times greater than that of an equivalent HPS system. Such a higher upfront cost poses a major barrier, especially for small-scale growers and hobbyists, who may find themselves deterred by the substantial investment needed. Despite the long-term operational cost savings promised by LED technology, the higher price tag complicates achieving widespread adoption, particularly in price-sensitive market segments. Overcoming this initial cost hurdle is crucial for LED grow lights to fully leverage their technical advantages and drive further growth of the overall grow lights market. High-powered LED grow lights, starting at USD 500, serve as primary light sources for commercial indoor cultivation, with premium full-spectrum models priced at USD 2,000 or more. In comparison, high-powered induction and plasma grow lights, priced from USD 1,300 and USD 3,000, respectively, also encounter adoption challenges due to their initial cost barriers. However, with escalating competition among manufacturers and the potential for high returns on investment (ROI), a future decline in LED grow light prices is anticipated, thereby alleviating this adoption restraint in the forecast period.
Opportunity: Technological advancements in LED grow lights and automation in lighting systems
Automation streamlines agricultural processes, providing growers with precise data, reducing labor costs, and enhancing both quality and yield. Advanced lighting automation, exemplified by disruptive LED technologies from companies like Heliospectra AB and Gavita, empowers growers to make data-driven decisions remotely. These intelligent lighting solutions incorporate sensors that monitor plant activities, allowing for real-time adjustments to light intensity via software controls. Such advancements, tailored to provide specific intensities and wavelengths, are anticipated to drive market growth.
In June 2022, Little Leaf Farms secured USD 300 million in equity financing, led by The Rise Fund and Bank of America, to fuel aggressive expansion. Doubling facility acreage by 2026 aims to make their locally grown salads accessible to over half the nation's population. LED technology innovations have played a pivotal role in supporting the growth of the grow lights market, offering cost-effective solutions for indoor farming. With LED lighting becoming more affordable and efficient, growers benefit from increased returns on investment, facilitating the proliferation of vertical farms. LED top lighting and inter lighting systems are favored by horticulture growers for their versatility across diverse crop types.
Plants utilize specific wavelengths for various physiological processes, emphasizing the need for precise artificial lighting. Advancements in LED grow lights enable tailored facility customization, facilitating improvements in flavor, sweetness, and antioxidant levels in crops. While red light (650-665 nm) boosts photosynthesis, balanced growth is achieved through the incorporation of blue light (658-660 nm). Red LED lights (658-660 nm) enhance the antioxidant content in vegetables like cabbage and lettuce, while those with a wavelength of 668 nm improve the flavor of tomatoes
Challenge: Lack of standardized testing protocols for evaluating horticulture lighting product quality
Assessing product quality primarily involves validating its lumen output and operational lifespan. LED grow light manufacturers have claimed that their products can operate for 30,000 to 50,000 hours based on their research and testing over several years. However, due to variations in manufacturing techniques and testing practices among manufacturers, accurately determining the lifespan of LED grow lights is challenging, leading to potential false claims by some manufacturers. Therefore, establishing mutual agreement and developing standardized testing procedures is crucial to ensure product quality.
This issue also creates trade barriers and hampers the global adoption of LED technology across various lighting applications, including general lighting, automotive lighting, and horticulture lighting. The lighting technology industry faces a significant challenge in the absence of standardized testing practices, particularly for emerging technologies like LED, induction, and plasma. While certain organizations in developed countries monitor quality assurance, many emerging economies lack such standards.
For example, the US Department of Energy (DOE) collaborates with standards organizations like the American National Standards Institute (ANSI), the National Electrical Manufacturers Association (NEMA), and the Illuminating Engineering Society of North America (IES) to establish SSL standards. Similarly, the American Society of Agricultural and Biological Engineers (ASABE) has developed standards such as "Lighting Systems for Agricultural Facilities," which offers guidelines for greenhouse lighting design. ASABE has also formed a Plant Growth LED Lighting Committee to develop LED horticulture lighting standards.
Grow lights Market Ecosystem
The prominent players in the grow lights market are Signify Holding (Netherlands), ams-OSRAM AG (Austria), SAVANT TECHNOLOGIES LLC. (US), LEDVANCE GmbH (Germany) and Gavita International B.V. (Netherlands).
Vertical farming is expected to have the highest market share during the forecast period.
The widespread adoption of LED grow lights has spurred a significant uptake of vertical farming practices. Vertical farming, characterized by stacked plant layers, optimizes available space to produce high-quality, pesticide-free food, addressing global challenges of space constraints and soaring food prices. By utilizing vertical space, crops can be cultivated year-round despite fluctuating climatic conditions.
LED grow light systems are increasingly favored for vertical farming due to their compact design, waterproofing capabilities, and minimal maintenance requirements. Their low heat emission allows for closer placement to plants, maximizing light exposure and enabling designers to stack more layers within limited growing room heights. In contrast, HID lighting systems, with their higher heat output, risk plant damage if stacks are placed too closely.
The legalization of medical and recreational cannabis in several US states has further propelled growth in the grow lights market, with growers drawn to its high returns on investment. However, cultivating cannabis in vertical farms presents challenges, such as managing heat emitted by lighting systems. LED lights, operating at lower temperatures, offer a solution to this issue and have shown promising results in boosting productivity. For instance, MedMen Cannabis Vertical Farm in the US deployed LED systems, resulting in reduced production time, lower costs, and decreased energy consumption.
In a notable development, Crop One Holdings and Emirates Flight Catering jointly launched Emirates Crop One (ECO 1), the world's largest vertical farm in Dubai. Spanning 330,000 square feet, ECO 1 utilizes vertical farming techniques to produce over 2 million pounds of leafy greens annually while conserving 95% of water compared to field-grown produce. This venture underscores the potential of vertical farming to revolutionize food production on a large scale.
In June 2023, Signify Holding and Infinite Acres B.V. joined forces to revolutionize the expansion of vertical farming. INFINITEACRES has pioneered a resource-efficient indoor farming method that harnesses renewable energy and reduces food miles. Their collaboration with Signify Holding aims to tackle technological and business hurdles in scaling up operations. Partnering with Signify is crucial for overcoming learning curves and achieving success in this pioneering field.
In May 2022, OSLON Optimal LEDs offer a versatile range of color and white options tailored to suit various growing needs. Leveraging advanced chip technology, these LEDs feature a wide light distribution pattern and larger lens, ensuring robust high performance essential for vertical farming and inter-lighting horticultural applications.
Asia Pacific region is projected to grow at the highest CAGR during the forecast period from 2024-2029.
The market in the Asia Pacific region has been further segmented into China, Japan, Southeast Asia, Australia, and the Rest of Asia Pacific. The grow lights market in this region is expected to expand at a highest CAGR from 2024 to 2029. The Asia Pacific is characterized by diverse climatic conditions. Tropical countries like India, Thailand, and Malaysia receive ample sunlight throughout the year, whereas countries such as Australia and New Zealand experience harsh winters, driving higher demand for horticulture lighting systems.
The market growth in this region is largely driven by a continuously increasing population, resulting in greater demand for food. This has spurred the adoption of advanced farming technologies, such as Controlled Environment Agriculture (CEA), to ensure a year-round supply of fresh fruits and vegetables. Additionally, the pressure on farmers to enhance agricultural yields with limited resources and the need to protect crops from unpredictable climatic changes are expected to boost the adoption of LED-based grow lights in the Asia Pacific during the forecast period.
Grow Lights Market by Region
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Limited spectrum segment is projected to have the highest market share in the forecast period from 2024-2029.
Narrow-band LEDs, or limited spectrum LEDs, provide monochromatic output to optimize the most essential wavelengths of light. These LEDs are available in deep blue (450 nm), hyper red (660 nm), far-red (730 nm), and green (530 nm). Traditionally, blue, and red lights have been predominantly used in horticulture lighting since plants absorb these wavelengths more effectively. Other wavelengths, such as green, have received less attention.
Purple LEDs, which fall between full-spectrum and narrow-band LEDs, combine key wavelengths of red and blue into a single package, making them a standard option in the market. Purple LEDs can also be combined with broad-spectrum LEDs to enhance yields (fresh weight) and antioxidant levels, while producing high-quality white light for visual inspection and plant harvesting. As a blend of red and blue spectrums, purple LEDs are the most widely used grow lights globally and are categorized under the limited spectrum segment.
Key Market Players
The major players in the grow lights companies with a significant global presence includes Signify Holding (Netherlands), Gavita International B.V. (Netherlands), Heliospectra (Sweden), ams-OSRAM AG (Austria), California LightWorks (US), Hortilux Schréder (Netherlands), Valoya (Finland), ILUMINAR Lighting LLC. (US), SAVANT TECHNOLOGIES LLC. (US), Ushio Inc. (Japan), EconoLux Industries Ltd. (China), LEDVANCE GmbH (Germany), Lemnis Oreon B.V. (Netherlands), Hyperion Grow Lights (England), Sananbio (China), Dongguan LEDESTAR Opto-electronics Tech. Co., Ltd. (China), ViparSpectra (US), Kind LED Grow Lights (US), Black Dog Horticulture Technologies & Consulting (US), Agrolux B.V. (Netherlands), Sollum Technologies (Canada), Mars Hydro (China), Biological Innovation and Optimization Systems, LLC. (US), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), and NICHIA CORPORATION (Japan).
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Report Metric |
Details |
Market size available for years |
2020–2029 |
Base year considered |
2023 |
Forecast period |
2024–2029 |
Forecast units |
Value (USD Million/Billion), Volume (Million Units) |
Segments Covered |
By Offering, Wattage, Spectrum, Cultivated Plant, Installation Type, Lighting Type, Sales Channel, Application and Region |
Geographies covered |
North America, Europe, Asia Pacific, and RoW |
Companies covered |
The major players in the grow lights market are Signify Holding (Netherlands), Gavita International B.V. (Netherlands), Heliospectra (Sweden), ams-OSRAM AG (Austria), California LightWorks (US), Hortilux Schréder (Netherlands), Valoya (Finland), ILUMINAR Lighting LLC. (US), SAVANT TECHNOLOGIES LLC. (US), Ushio Inc. (Japan), EconoLux Industries Ltd. (China), LEDVANCE GmbH (Germany), Lemnis Oreon B.V. (Netherlands), Hyperion Grow Lights (England), Sananbio (China), Dongguan LEDESTAR Opto-electronics Tech. Co., Ltd. (China), ViparSpectra (US), Kind LED Grow Lights (US), Black Dog Horticulture Technologies & Consulting (US), Agrolux B.V. (Netherlands), Sollum Technologies (Canada), Mars Hydro (China), Biological Innovation and Optimization Systems, LLC. (US), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), and NICHIA CORPORATION (Japan). |
Grow Lights Market Highlights
The study segments the grow lights market based on offering, wattage, spectrum, cultivated plant, installation type, lighting type, sales channel, application, and region
Segment |
Subsegment |
By Offering |
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By Wattage |
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By Spectrum |
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By Cultivated Plant |
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By Installation Type |
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By Sales Channel |
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By Application |
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By Region |
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Recent Developments
- In May 2024, Heliospectra unveils the 1500W MITRA X LED light, featuring an increased output of 5700µmol, wide beam optics, and 3.7 efficacy. With only 2 LED lights needed to cover a standard 8m trellis, the new MITRA X reduces investment costs for vegetable growers while ensuring high output and uniformity to optimize taste and yield. The expanded MITRA X platform emphasizes modularity and versatility, catering to various environments and crops to address the diverse requirements of contemporary growers.
- In February 2024, Signify holding has expanded its Philips GreenPower LED gridlighting range, catering to indoor cannabis cultivation. The new offerings include spectral options tailored for optimal cannabis production and a wider voltage range. The expanded portfolio introduces two cannabis-specific spectra: the efficient white spectrum, ideal for vegetative stage development, and the efficient broad white spectrum, offering high efficiency for flowering stages at ~3.0 μmol/J. Furthermore, the updated gridlighting 1.1 now supports a broader voltage range, from 120 to 480V, enhancing its suitability for various cultivation setups and facilities.
- In October 2023, Signify Holding partnered with Houweling Americas, a horticulture firm based in Surrey, British Columbia, Canada. As a certified Philips LED horticulture partner, Houweling Americas will exclusively provide the Philips LED lighting portfolio to Canadian growers. Houweling Americas, a division of the Houweling Group, offers a diverse range of products and services for greenhouse growers across Canada, including greenhouse hygiene, water treatment, coir substrates, nutrients, and LED lighting.
- In September 2023, Heliospectra unveils helioCORE 2.0, featuring new enhancements to its Smart LED lighting technology and control systems. Updates include weather forecasting integration in the DLI controller, a redesigned graphical interface with a drag-and-drop zone creation feature, and enhanced data visualization of the environment. This software update underscores Heliospectra's dedication to providing advanced, user-friendly solutions that enhance plant cultivation and energy efficiency.
- In June 2023, Signify Holding and Infinite Acres B.V. joined forces to revolutionize the expansion of vertical farming. INFINITEACRES has pioneered a resource-efficient indoor farming method that harnesses renewable energy and reduces food miles. Their collaboration with Signify Holding aims to tackle technological and business hurdles in scaling up operations. Partnering with Signify is crucial for overcoming learning curves and achieving success in this pioneering field.
- In June 2023, ams-OSRAM AG introduced the fifth generation of its OSLON Square Hyper Red horticulture LED, aimed at accelerating plant growth and facilitating optimized system costs. This iteration reflects the company's commitment to innovation driven by customer feedback, offering LED solutions with increased photosynthetic photon flux (PPF) and higher efficacy compared to the previous Hyper Red 660?nm LEDs. The new OSLON Square Hyper Red LED is suitable for various horticultural lighting applications, including greenhouse toplighting and interlighting, sole source lighting, and vertical farming.
- In June 2023, Ams OSRAM AG expanded its OSLON Optimal family of horticultural lighting LEDs by introducing a new 640 nm Red LED. This addition enhances indoor farmers' ability to achieve accelerated and healthier plant growth. The new 640 nm Red LED supplements the existing range of LEDs in the OSLON Optimal family, which includes the 660 nm Hyper Red, 730 nm Far Red, 450 nm Deep Blue, and horticulture white LEDs. This broader coverage of the red spectrum offers improved options for horticultural lighting applications.
Frequently Asked Questions (FAQs):
What is the current size of the global grow lights market?
The current size of grow lights is USD 2.0 billion (2024) and is expected to reach USD 6.4 billion by 2029 with a CAGR of 26.5 % in the forecast period from 2024 to 2029.
Who are the winners in the global grow lights market?
Companies such as Signify Holding (Netherlands), ams-OSRAM AG (Austria), SAVANT TECHNOLOGIES LLC. (US), LEDVANCE GmbH (Germany), and Gavita International B.V. (Netherlands) are the winners in the global grow lights market.
Which region is expected to hold the highest market share?
Europe regions are expected to hold the largest market share for the grow lights market in the forecast period 2024-2029.
What are the major drivers and opportunities related to the growth in the lights market?
Rising investments in the establishment of vertical farms, greenhouses, and advanced technologies is the major driver of the market and legalization of medicinal plants in different countries the major opportunity of the market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, partnership, and collaborations to strengthen their position in the grow lights market.
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The research report includes four major activities, estimating the size of the grow lights market. Secondary research has been done to gather important information about the market and peer markets. To validate the findings, assumptions, and sizing with the primary research with industry experts across the supply chain is the next step. Both bottom-up and top-down approaches have been used to estimate the market size. After this, the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments
Secondary Research
During the secondary research phase, a diverse array of secondary sources was consulted to gather pertinent information for this study. These sources included corporate filings such as annual reports, press releases, investor presentations, and financial statements, as well as data from trade, business, and professional associations. Additionally, white papers, location-based marketing journals, accredited publications, articles authored by recognized experts, directories, and databases were utilized.
The primary objective of the secondary research was to obtain crucial insights into the industry's supply chain, market monetary flow, and the comprehensive landscape of key players. It also facilitated the segmentation of the market according to prevailing industry trends, reaching down to granular levels. Moreover, it involved the analysis of geographic markets and significant developments from both market and technology perspectives. The secondary data underwent meticulous collection and analysis to ascertain the overall market size, which was subsequently validated through primary research.
Primary Research
During the primary research phase, a variety of primary sources were utilized to gather qualitative and quantitative insights for this report, encompassing both the supply and demand sides. On the supply side, primary sources included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, subject-matter experts (SMEs), consultants, and other key executives from prominent companies and organizations operating within the grow lights market.
Following a rigorous market engineering process, which entailed calculations for market statistics, breakdowns, size estimations, forecasting, and data triangulation, extensive primary research was conducted to collect, verify, and validate critical numerical data. This primary research aimed to identify segmentation types, industry trends, key players, competitive landscapes, and key market dynamics such as drivers, restraints, opportunities, and challenges. Additionally, it sought to understand the key strategies adopted by market players.
Drawing upon insights garnered from secondary research on the grow lights market, a thorough primary research effort was undertaken. Multiple primary interviews were conducted with experts from both the demand and supply sides across four key regions: North America, Europe, Asia Pacific, and ROW (Middle East, South America, and Africa). Approximately 25% of the primary interviews were conducted with representatives from the demand side, while 75% was with those from the supply side. Primary data collection was executed through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
This report employed both top-down and bottom-up methodologies to evaluate and validate the size of the grow lights market and its related submarkets. Key players in the grow lights sector were identified through secondary research, while their market share in specific regions was determined through a blend of primary and secondary research. The comprehensive research approach included reviewing annual and financial reports of industry leaders and conducting interviews with key stakeholders, such as CEOs, VPs, directors, and marketing executives, to gather both quantitative and qualitative insights. Percentage shares, divisions, and breakdowns were sourced from secondary references and cross-checked with primary sources. All potential market influencers were examined through primary research and analyzed to compile the final quantitative and qualitative dataset. This data was consolidated and enriched with extensive analysis from MarketsandMarkets. The following figures illustrate the methodology utilized to estimate the overall market size for this study.
Market Size Estimation Methodology-Bottom-Up Approach
The overall size of the grow lights market was determined using a bottom-up approach, which involved calculating the market size based on the revenue generated by key players and their market share. A thorough analysis of key players in the grow lights market was conducted, and market size estimations were derived by considering the size of their grow lights offerings.
Market Size Estimation Methodology-Top-Down Approach
The top-down methodology utilized the overall market size as the foundation for determining individual market sizes, following the market segmentation with percentage allocations derived from primary and secondary research. To calculate specific market segment sizes, the immediate parent market size was utilized in applying the top-down approach. Additionally, the bottom-up approach was employed to validate segment sizes using data obtained from secondary research sources. Company market share estimates were utilized to confirm revenue distributions previously used in the bottom-up approach. Through a data triangulation process and validation via primary research sources, this study conclusively determined and confirmed both the overall parent market size and the size of each individual market segment.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation was employed to complete the market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market has been validated using the top-down and bottom-up approaches.
Market Definition
Grow lights are artificial lights designed to support indoor plant growth throughout the year. These lights, often LED and electric, stimulate plant growth by emitting light suitable for photosynthesis. Essentially, grow lights (also known as horticultural lights) provide a spectrum similar to sunlight, enabling indoor plants to undergo photosynthesis. They are crucial gardening tools that ensure houseplants receive sufficient light, even in rooms lacking natural sunlight.
Grow lights play a vital role in urban agriculture practices. They can deliver a customized light spectrum tailored to the needs of specific plants or supplement natural light, particularly in regions with limited daylight hours, such as colder countries. By extending the hours of natural daylight, grow lights enhance the health, growth rate, and yield of plants.
Key Stakeholders
- Raw Material Suppliers
- Original Equipment Manufacturers (OEMs)
- Original Design Manufacturers (ODMs)
- Research Institutes
- Grow Lights Providers
- Forums, Alliances, and Associations
- Governments and Financial Institutions
- Analysts and Strategic Business Planners
The main objectives of this study are as follows:
- To describe and forecast the size of the grow lights market, in terms of value, by wattage, spectrum, cultivated plant, lighting type, application, installation type, and sales channel
- To describe and forecast the market size of various segments across four key regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To describe and forecast the grow lights market, in terms of value and volume, by offering
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the grow lights market
- To provide an overview of the supply chain pertaining to the grow lights ecosystem, along with the average selling prices of grow light solutions
- To strategically analyze the ecosystem, tariffs and regulations, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, and case studies pertaining to the market under study
- To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments
- To provide details of the competitive landscape for market leaders
- To analyze competitive developments such as product launches & developments, partnerships, agreements, and acquisitions in the grow lights market
- To profile key players in the grow lights market and comprehensively analyze their market ranking based on their revenues, market shares, and core competencies2
- To provide updated market developments of profiled players. The current report includes the market developments from January 2023 to May 2024
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Country-wise Information for Asia Pacific
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Grow Lights Market
What would be the price for all the tables related to Europe? Europe if the only region I am interested in.
Could you please let us know if the report includes the information at these detailed levels by country?
The price is outside my budget, I would buy this immediately if I have a discount.
I am interested in the residential/household consumer segment of the market - is that clearly broken out in this report?
We are a grow lighting manufacture, including, ballasts, HID and LED fixtures. We are planing a new product line but it is hard to decide to which will be better, HID or LED?
Is there any discount on the single license price? I am interested in forecast from 2019-2025, by geographic region, by application, by top industry players?
We are the LED grow light manufacturers,supplying quality products with best price. we serve our growers from all over the world. We want to keep pace with technological advancements and opportunities in the LED grow light market and find the valuable clients from overseas. Thanks!