1. HOME
2. Research Insight
3. Grow Lights Companies - Signify Holding (Netherlands) and Gavita International B.V. (Netherlands) are the Key Players

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.

The major players in the grow lights market 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).

To know about the assumptions considered for the study download the pdf brochure

Major Grow Lights companies include:

• 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)
• NICHIA CORPORATION (Japan).

Signify Holding

In May 2018, Philips Lighting underwent a rebranding to become Signify Holding, solidifying its position as a frontrunner in connected lighting systems and services. Leveraging the capabilities of the Internet of Things (IoT), Signify Holding is reshaping residential, commercial, agriculture and urban environments. With operations spanning across more than 60 countries and manufacturing facilities in Europe, South America, and Asia Pacific, Signify Holding is celebrated for its prowess in crafting, producing, and implementing innovative, eco-friendly lighting solutions. Offering grow lights solutions globally, the company caters to markets in Europe, America, and other regions across the globe. With over 31,920 employees as of December 31, 2023.

The company operates through three major business segments: digital solutions, digital products, and conventional products. The digital solution segment offers an extensive range of grow lights. Signify Holding specializing in LED products and associated systems and services. Its presence is notable across various geographical regions. Professional lighting solutions find application in diverse sectors like offices, commercial spaces, retail outlets, hospitality establishments, industrial settings, agriculture, and outdoor areas, including smart cities. There has been a swift transition from traditional lighting to LED within the professional lighting sector, with a growing trend of integration into larger connected ecosystems.

Signify Holding provides LED lighting solutions tailored for horticulture, catering to diverse needs such as cultivating horticultural products, floriculture, and urban farming. With a vertically integrated supply chain, Signify Holding functions both as a supplier of LED components and a manufacturer of LED grow lights. Its global footprint is extensive, encompassing numerous distribution and sales channels across major regions. The company holds a considerable portion of the global grow lights market and maintains a robust customer base.

ams-OSRAM AG

ams-OSRAM AG is one of the prominent global technology company specializing in semiconductor-based technologies. Formed through a merger with ams AG, OSRAM focuses on providing lighting systems for vertical farming. Tailored light recipes for plant development, considering factors like growth patterns, appearance, and nutrient content, are among its offerings. Moreover, the company extends greenhouse solutions to commercial growers globally, leveraging its expertise in horticulture lighting, technologies, sensors, and connectivity.

The company operates in two reporting segments: Semiconductors and Lamps & Systems. Semiconductor-based products and solutions, including LEDs, for the automotive, consumer, industrial, and medical technology markets, and are consolidated under the 'Semiconductors' reporting segment. The 'Lamps & Systems' segment encompasses lamps and lighting systems, focusing on the automotive sector, including traditional lighting technologies, as well as industrial end markets, forming another distinct reporting segment.

Headquartered in Austria, with a sub-headquarters in Germany, ams-OSRAM AG employs around 20,000 experts worldwide renowned for their proficiency in sensing, illumination, and visualization technologies.

SAVANT TECHNOLOGIES LLC.

In 2020, General Electric made the strategic decision to divest its lighting division (GE Lighting) to Savant Systems, a prominent smart home technology company. This acquisition aimed to augment Savant's product portfolio, providing customers with a broader array of lighting solutions. Presently, GE Lighting functions as a division of SAVANT TECHNOLOGIES LLC., headquartered in East Cleveland, Ohio, US. GE Lighting has a deep-rooted history stemming from the pioneering work of Thomas Edison in lighting during the 19th century. In 1892, the General Electric Company emerged from the merger of the Edison Electric Company and the Thomson-Houston Electric Company. Over the years, GE Lighting evolved into a global manufacturer of lighting products, encompassing LED and various light bulbs catering to diverse household needs.

LEDVANCE GmbH

LEDVANCE GmbH is a prominent global supplier of lighting solutions, offering a diverse selection of innovative and high-caliber lighting products. Their range includes energy-efficient LED lamps, luminaires, and specialized grow lights tailored for various applications spanning residential, commercial, industrial, and outdoor environments. LEDVANCE GmbH grow lights incorporate advanced technology, facilitating remote control, scheduling, and automation of lighting systems. Moreover, these solutions seamlessly integrate with popular smart home platforms, facilitating effortless incorporation into connected homes and buildings.

Gavita International B.V.

Gavita International B.V., headquartered in the Netherlands, specialize in high-quality lighting systems designed for optimizing plant growth and yield across controlled agricultural settings. Their extensive range of horticultural lighting products caters to professional growers, commercial farms, research institutions, and hobbyists worldwide. With a robust industry presence and an extensive network of distributors and retailers, Gavita International B.V. serves the global horticulture market from locations in the Netherlands, Canada, US, Russia, Ukraine, and Norway. Following Hawthorne Gardening Company's majority control acquisition in 2016, Gavita International B.V. (Hawthorne) continues its leadership in assimilation lighting for professional horticulture and indoor growing projects. The company offers a comprehensive lineup of electronic fixtures, plasma fixtures, reflectors, and lamps. In addition to manufacturing and developing horticultural products like high-efficiency reflectors, electronic ballasts, complete fixtures, and lamps, Gavita also collaborates with academic and research experts from institutes such as Wageningen University & Research, Plant Dynamics, and Proefstation Voor de Groenteteelt Katelijne-Waver on lighting plans and testing facilities.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]