Grow Light Market
Grow Light Market Analysis by Component (Hardware Based, Softphones, Services), by Technology (LED, Fluorescent, High Intensity Discharge), by Application (Indoor Farming, Vertical Farming, Greenhouse), by End-use, by Region - Global Forecast 2022-2032
Analysis of Grow Light market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Grow Light Market Growth Outlook
The global Grow light market is estimated to grow at an impressive CAGR of 8.2%. It is poised to reach a valuation of nearly US$ 11.4 Billion by 2032 from US$ 5.2 Billion in 2022.
“Establishment of controlled greenhouse chambers for food production in urban areas is anticipated to be the increase the demand for grow lights for plants in the global market.”
Rising population has lead food constraints around the world. Building artificial environmental for growing crops and horticulture plants requires provision led grow lights to provide light spectrum similar to that of sun. This method of obtaining food crops is the major factor for the growth of global grow light market.
Discovery of electromagnetic spectrums that can mimic the natural light with varying colour and temperature output has resulted in development of more efficient grow lights for indoor plants. Such innovation in the field of precision farming can further boost the growth of global grow light market.
Market Insights |
Values |
|
Grow Light Market Size in 2022 |
US$ 5.2 Billion |
|
Estimated Market Value (2025) |
US$ 6.6 Billion |
|
Projected Market Value (2032) |
US$ 11.4 Billion |
|
Global Market Growth Rate (2022-2032) |
8.2% CAGR |
|
Market Share of Top 5 Countries |
79.5% |
|
Key Market Players |
|
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Impact of COVID-19 on Grow Lights Market
The key companies manufacturing grow lights were affected due to the pandemic as it was difficult to obtain light-emitting diodes (LED) and other components from stakeholders. The operation carried out for the production of growing also got halted due to the unavailability of manpower during the initial days of the Covid-19 outbreak.
The impact of the Covid-19 pandemic on the global grow light market trends can be observed in the revised CAGR of 8.2%, dropping down from 8.6% in the pre-pandemic years. However, there were some positive impacts as well.
The supply chain of perishable items such as food was the worst affected sector during the years of the Covid-19 outbreak. It inspired many entrepreneurs to establish indoor farming in the urban cities and outskirts. The establishment of such commercial greenhouse farming is anticipated to revive the global grow light market and make it a highly remunerable business during the forecast years of 2022 to 2032.
Sales Analysis of Grow Lights from 2017 to 2021 Vs Market Outlook for 2022 to 2032
“International and national emphasis in the direction of developing sustainable agricultural management is poised to create a huge market for controlled farming methods directly benefitting the global grow light for plants market.”
The growing trend of precision farming to conserve soil, water and light have resulted in the establishment of an artificially controlled environment for growing and producing food crops in unsuitable areas. Light being the energy source for the process of photosynthesis, needs to be supplied by a full artificial spectrum led to grow lights inside the chamber.
The electronics and semiconductor market players manufacturing light-emitting diodes(LED) bulbs are targeting this demand for producing plant lights that can be used for such purposes. With the growth in demand for food products, the grow light market sales are estimated to grow exponentially in the future.
National and regional governments across the world are trying to encourage new start-ups to revive the agricultural sector by reviving the uplink and downlink market chains for perishable fruits and vegetable products. Such increasing support is anticipated to drive the grow light market supplying the grow lamps for indoor greenhouse chambers.
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What are the Limitations for the Growth of Global Grow Light Market Players?
“Absence of sufficient infrastructure to limit market growth.”
As the majority of farm producers in the world are traditional farmers, so they lack proper knowledge about the use of plant Light for better yields. Moreover, a major portion of farmers also belongs to lower-income categories, which makes it difficult for manufacturing companies to penetrate the market for led grow lights at high prices.
The semiconductor appliances market in various regions, particularly in developing economies, lack sufficient infrastructure for quality assurance. In the long run, it can pose a major challenge for the market players to scale up their full spectrum led grow lights in these markets.
Another major limitation for the growth of the global grow light market is the availability of raw materials. As the semiconductor supply is concentrated in distinct regional markets, such as South East Asia, it translates into higher production costs of light-emitting diodes and other associate components for the market players in other regions.
Comparative View of Adjacent Global Grow Light Market
Research and development activities in the field of agriculture and biotechnology, such as the
Attributes |
Global Grow Light Market |
Global Livestock Grow Light Market |
Global LED Lighting Market |
|
CAGR (2022-2032) |
8.2% |
8.9% |
14% |
|
Market Value (2027) |
US$ 7.73 Bn |
US$ 10.2 Bn |
US$ 160 Bn |
|
Growth Factor |
Increasing demand for fresh fruits and vegetables in urban cities grown in vertical farms. |
Increasing awareness about the benefits of grow light for animal rearing in the past decades. |
Emphasis on reducing energy consumption in households and commercial spaces have increased use of LED bulbs. |
|
Opportunity |
Adopting new technologies to launch efficient products offers lucrative opportunities for the market players. |
Government spending to strengthen the livestock farming by collaborating with small and marginal farmers is poised to create greater opportunities. |
Adoption of Smart lighting and internet of things in homes and industries is expected to create huge opportunities for the key market players. |
|
Key Trends |
Encouragement by government organizations to adopt sustainable production methods to boost the demand . |
Owing to its highest livestock rearing farms Europe is the leading region with highest growth rate for the Global market. |
Replacement of previously installed tungsten lights in public places in all countries has created a huge demand for the global market. |
Research and development activities in the field of agriculture and biotechnology, such as the discovery of low light plants, can be exploited for the successful use of grow lights for increasing productivity. The trend of integrating plant science and semiconductor technology is predicted to further boost the development of best led grow lights by the market players.
The development of new farming methods such as hydroponics, aeroponics, and vertical farming for growing food crops in the indoor environment is getting popular among urban food growers. This trend of using modern farming methods requires to grow light bulbs that can further boost the global market value during the forecast period.
The legalization of Cannabis to be used for medical purposes in the State of California and other parts has resulted in the establishment of vertical farming for its higher production. The significant growth of the global grow light market in the past decade is attributed to the highest indoor grow lights used in these cannabis growing spaces in North America and other geographic regions as well.
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Segmentation Outlook
What is the Growth Outlook for the Global Grow Light Market According to Different Segments?
“Growing demand for off-season crops grown in highly controlled greenhouse chambers to boost sales.”
By virtue of recent developments in the field of electronics and semiconductors, different technologies are used for making grow lamps. High-intensity discharge (HID) lights are the most preferred lighting solutions for commercial high-value crop making. It is the largest segment of the global grow light market with a CAGR higher than the average at 9.1%.
The other technologies used for manufacturing plant light, like LED and fluorescent bulbs, also contribute immensely to the global grow light market due to their low cost and easier installation.
What are the Different Segments of the Global Grow Light Market based on Component?
To establish a successful commercial greenhouse farming, the led lighting system requires multiple components to function.
Besides the physical grow light bulbs or hardware segment, the service segment deals with the installation and maintenance of the system. As agriculture is a continuous and very long process, the software and service provided for the full spectrum led grow lights is the highest-selling segment for the global grow light market.
What are the Major Applications of Grow Lights and its Different Segments?
Due to the limitations in transporting fresh vegetables from the far-off farms in the Mega tier cities, there is an increasing demand for kitchen vegetables grown in indoor farming systems. As per the market analysis report, this segment is the top application for the grow light market that is estimated to grow by a robust CAGR of 8.3% during the forecast years.
Among the other major applications, greenhouse and vertical farming are the most important segments driving the global grow light market in recent years.
Which are the Major End Users of the Global Grow Light Market?
There is a very wide sector of end users for the grow lamps used for growing high-value crops or horticulture plants. A significant portion of the global grow light market revenue comes from the Government organizations that distribute the grow light bulbs in bulk to small-scale farmers.
The retail sale of led grow lights is the highest contributing segment for the global market. Retrofitting of previously installed grow light bulbs to provide supplemental light that makes the integrated farming systems a major end user for the Global market.
Regional Outlook
What is the Performance of Global Grow Light Market in Different Geographical Regions?
|
Region |
CAGR |
|
United States (US) |
8.6% |
|
United Kingdom (UK) |
7.8% |
|
China |
9.6% |
|
Japan |
10.4% |
|
South Korea |
10.4% |
North America holds the largest revenue share of the global grow light market. The total revenue generated by the USA grow light market alone is estimated to be around US$ 857 Mn in 2022.
Adoption of eco-friendly technologies to increase the productivity of fields while decreasing the carbon emissions has positioned Europe as the most lucrative market for the sale of grow lights for indoor plants. Increased capital investment by flourishing agricultural companies is anticipated to retain the market attractive for the grow light manufacturers in the region.
Some of the Asia pacific nations are the leading markets for the manufacturing and export of light emitting diodes at affordable prices. Also, owing to rapid urbanisation of Asia Pacific geographical region it is expected to witness the highest growth rate in grow light market sales in the coming decade.
Most of the leading players of the global grow light market are present in China, Japan and South Korea that together accounted for nearly 20% share of the total revenue generated. These 3 countries are also projected to witness a growth rate of about 10% during the forecast time period.
Competitive Outlook
How Strong is the Competitive Landscape for the Global Grow Light Market?
Besides developing new efficient devices and methods for the growth major players dealing in indoor plant lights also stretched their position by mergers and Acquisitions. For instance, the leading company of Germany Fluence Bioengineering Inc. partnered with The Lamphouse in September 2020. And in March 2020, Signify acquired the stakes of Cooper lighting Solutions of US.
Large market players in emerging economies are trying to acquire the contracts to supply grow light bulbs and services year round for supplying it to the plant growers supported by the government funding. This strategy is a major path breaker from the retail market to generate higher profits from the sale of grow lights for plants market.
What are the Recent Developments Achieved by the Global Grow Light Market Players?
- Fluence Bioengineering Inc. By OSRAM launched a new model for its VYPR top light series in June 2020. These new products have now included 4 more spectra in the series resulting in an increased efficiency of 3.8 micro mol per joule and enabling growers to optimize the plant light according to requirement and geographical location.
- Valoya expanded its RX-series of grow lights for indoor plants by adding two new models in September 2020. These new models by the name of RX500 and RX600 can produce a uniform light of up to 1700 micro mol per second that can replace 1-to-1 HPS.
- Heliospectra AB launched new LED lighting solutions along with its Mitra Series at GreenTech in May 2019. It also showcased its vertical farming application based led light solutions by the name of SIERA light bar and HelioCORE light control systems.
Key Segments
-
By Component :
- Hardware Based
- IP Desktop Phones
- Audio Conference Phones
- DECT phones
- Softphones
- Services
- Maintenance
- Installation
- Consultant
- Others
- Hardware Based
-
By Technology :
- LED
- Fluorescent
- High Intensity Discharge (HID)
- Others
-
By Application :
- Indoor Farming
- Vertical Farming
- Greenhouse
- Research
- Turf
- Others
-
By End Use :
- BFSI
- Healthcare
- Retail
- Government Organizations
- Others
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Table of Content
1. Preface 1.1. Market Definition and Scope 1.2. Market Segmentation 1.3. Key Research Objectives 1.4. Research Highlights 2. Assumptions and Research Methodology 3. Executive Summary : Global Grow light Market 4. Key Industry Developments 5. Market Overview 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.3. Global Grow light Market Analysis and Forecasts,2015 – 2032 5.3.1. Market Revenue Projections (US$ Mn) 5.4. Porter’s Five Force Model 5.5. Value Chain Analysis 5.6. Market Outlook 6. Global Grow light Market Analysis and Forecasts, by Technology 6.1. Overview & Definitions 6.2. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 6.2.1. LED 6.2.2. Fluorescent 6.2.3. High Intensity Discharge (HID) 6.2.4. Others 6.3. Market Attractiveness By Technology 7. Global Grow light Market Analysis and Forecasts, by Application 7.1. Overview & Definitions 7.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 7.2.1. Indoor Farming 7.2.2. Vertical Farming 7.2.3. Greenhouse 7.2.4. Research 7.2.5. Turf 7.2.6. Others 7.3. Market Attractiveness By Application 8. Global Grow light Market Analysis and Forecasts, by Region 8.1. Key Findings 8.2. Market Size (US$ Mn) Forecast By Region,2015 – 2032 8.2.1. North America 8.2.2. Europe 8.2.3. Asia Pacific 8.2.4. Middle East and Africa 8.2.5. South America 8.3. Market Attractiveness By Country/Region 9. North America Grow light Market Analysis and Forecast 9.1. Key Findings 9.2. Key Trends 9.3. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 9.3.1. LED 9.3.2. Fluorescent 9.3.3. High Intensity Discharge (HID) 9.3.4. Others 9.4. Market Size (US$ Mn) Forecast By Application,2015 – 2032 9.4.1. Indoor Farming 9.4.2. Vertical Farming 9.4.3. Greenhouse 9.4.4. Research 9.4.5. Turf 9.4.6. Others 9.5. Market Size (US$ Mn) Forecast By Country,2015 – 2032 9.5.1. The U.S. 9.5.1.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 9.5.1.1.1. LED 9.5.1.1.2. Fluorescent 9.5.1.1.3. High Intensity Discharge (HID) 9.5.1.1.4. Others 9.5.1.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 9.5.1.2.1. Indoor Farming 9.5.1.2.2. Vertical Farming 9.5.1.2.3. Greenhouse 9.5.1.2.4. Research 9.5.1.2.5. Turf 9.5.1.2.6. Others 9.5.2. Canada 9.5.2.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 9.5.2.1.1. LED 9.5.2.1.2. Fluorescent 9.5.2.1.3. High Intensity Discharge (HID) 9.5.2.1.4. Others 9.5.2.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 9.5.2.2.1. Indoor Farming 9.5.2.2.2. Vertical Farming 9.5.2.2.3. Greenhouse 9.5.2.2.4. Research 9.5.2.2.5. Turf 9.5.2.2.6. Others 9.5.3. Rest of North America 9.5.3.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 9.5.3.1.1. LED 9.5.3.1.2. Fluorescent 9.5.3.1.3. High Intensity Discharge (HID) 9.5.3.1.4. Others 9.5.3.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 9.5.3.2.1. Indoor Farming 9.5.3.2.2. Vertical Farming 9.5.3.2.3. Greenhouse 9.5.3.2.4. Research 9.5.3.2.5. Turf 9.5.3.2.6. Others 9.6. Market Attractiveness Analysis 9.6.1. By Technology 9.6.2. By Application 9.6.3. By Country 10. Europe Grow light Market Analysis and Forecast 10.1. Key Findings 10.2. Key Trends 10.3. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 10.3.1. LED 10.3.2. Fluorescent 10.3.3. High Intensity Discharge (HID) 10.3.4. Others 10.4. Market Size (US$ Mn) Forecast By Application,2015 – 2032 10.4.1. Indoor Farming 10.4.2. Vertical Farming 10.4.3. Greenhouse 10.4.4. Research 10.4.5. Turf 10.4.6. Others 10.5. Market Size (US$ Mn) Forecast By Country,2015 – 2032 10.5.1. The U.K. 10.5.1.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 10.5.1.1.1. LED 10.5.1.1.2. Fluorescent 10.5.1.1.3. High Intensity Discharge (HID) 10.5.1.1.4. Others 10.5.1.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 10.5.1.2.1. Indoor Farming 10.5.1.2.2. Vertical Farming 10.5.1.2.3. Greenhouse 10.5.1.2.4. Research 10.5.1.2.5. Turf 10.5.1.2.6. Others 10.5.2. Germany 10.5.2.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 10.5.2.1.1. LED 10.5.2.1.2. Fluorescent 10.5.2.1.3. High Intensity Discharge (HID) 10.5.2.1.4. Others 10.5.2.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 10.5.2.2.1. Indoor Farming 10.5.2.2.2. Vertical Farming 10.5.2.2.3. Greenhouse 10.5.2.2.4. Research 10.5.2.2.5. Turf 10.5.2.2.6. Others 10.5.3. The Netherlands 10.5.3.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 10.5.3.1.1. LED 10.5.3.1.2. Fluorescent 10.5.3.1.3. High Intensity Discharge (HID) 10.5.3.1.4. Others 10.5.3.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 10.5.3.2.1. Indoor Farming 10.5.3.2.2. Vertical Farming 10.5.3.2.3. Greenhouse 10.5.3.2.4. Research 10.5.3.2.5. Turf 10.5.3.2.6. Others 10.5.4. Rest of Europe 10.5.4.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 10.5.4.1.1. LED 10.5.4.1.2. Fluorescent 10.5.4.1.3. High Intensity Discharge (HID) 10.5.4.1.4. Others 10.5.4.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 10.5.4.2.1. Indoor Farming 10.5.4.2.2. Vertical Farming 10.5.4.2.3. Greenhouse 10.5.4.2.4. Research 10.5.4.2.5. Turf 10.5.4.2.6. Others 10.6. Market Attractiveness Analysis 10.6.1. By Technology 10.6.2. By Application 10.6.3. By Country 11. Asia Pacific Grow light Market Analysis and Forecast 11.1. Key Findings 11.2. Key Trends 11.3. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 11.3.1. LED 11.3.2. Fluorescent 11.3.3. High Intensity Discharge (HID) 11.3.4. Others 11.4. Market Size (US$ Mn) Forecast By Application,2015 – 2032 11.4.1. Indoor Farming 11.4.2. Vertical Farming 11.4.3. Greenhouse 11.4.4. Research 11.4.5. Turf 11.4.6. Others 11.5. Market Size (US$ Mn) Forecast By Country,2015 – 2032 11.5.1. India 11.5.1.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 11.5.1.1.1. LED 11.5.1.1.2. Fluorescent 11.5.1.1.3. High Intensity Discharge (HID) 11.5.1.1.4. Others 11.5.1.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 11.5.1.2.1. Indoor Farming 11.5.1.2.2. Vertical Farming 11.5.1.2.3. Greenhouse 11.5.1.2.4. Research 11.5.1.2.5. Turf 11.5.1.2.6. Others 11.5.2. Japan 11.5.2.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 11.5.2.1.1. LED 11.5.2.1.2. Fluorescent 11.5.2.1.3. High Intensity Discharge (HID) 11.5.2.1.4. Others 11.5.2.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 11.5.2.2.1. Indoor Farming 11.5.2.2.2. Vertical Farming 11.5.2.2.3. Greenhouse 11.5.2.2.4. Research 11.5.2.2.5. Turf 11.5.2.2.6. Others 11.5.3. China 11.5.3.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 11.5.3.1.1. LED 11.5.3.1.2. Fluorescent 11.5.3.1.3. High Intensity Discharge (HID) 11.5.3.1.4. Others 11.5.3.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 11.5.3.2.1. Indoor Farming 11.5.3.2.2. Vertical Farming 11.5.3.2.3. Greenhouse 11.5.3.2.4. Research 11.5.3.2.5. Turf 11.5.3.2.6. Others 11.5.4. Rest of Asia Pacific 11.5.4.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 11.5.4.1.1. LED 11.5.4.1.2. Fluorescent 11.5.4.1.3. High Intensity Discharge (HID) 11.5.4.1.4. Others 11.5.4.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 11.5.4.2.1. Indoor Farming 11.5.4.2.2. Vertical Farming 11.5.4.2.3. Greenhouse 11.5.4.2.4. Research 11.5.4.2.5. Turf 11.5.4.2.6. Others 11.6. Market Attractiveness Analysis 11.6.1. By Technology 11.6.2. By Application 11.6.3. By Country 12. Middle East and Africa (MEA) Grow light Market Analysis and Forecast 12.1. Key Findings 12.2. Key Trends 12.3. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 12.3.1. LED 12.3.2. Fluorescent 12.3.3. High Intensity Discharge (HID) 12.3.4. Others 12.4. Market Size (US$ Mn) Forecast By Application,2015 – 2032 12.4.1. Indoor Farming 12.4.2. Vertical Farming 12.4.3. Greenhouse 12.4.4. Research 12.4.5. Turf 12.4.6. Others 12.5. Market Size (US$ Mn) Forecast By Country,2015 – 2032 12.5.1. GCC Countries 12.5.1.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 12.5.1.1.1. LED 12.5.1.1.2. Fluorescent 12.5.1.1.3. High Intensity Discharge (HID) 12.5.1.1.4. Others 12.5.1.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 12.5.1.2.1. Indoor Farming 12.5.1.2.2. Vertical Farming 12.5.1.2.3. Greenhouse 12.5.1.2.4. Research 12.5.1.2.5. Turf 12.5.1.2.6. Others 12.5.2. South Africa 12.5.2.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 12.5.2.1.1. LED 12.5.2.1.2. Fluorescent 12.5.2.1.3. High Intensity Discharge (HID) 12.5.2.1.4. Others 12.5.2.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 12.5.2.2.1. Indoor Farming 12.5.2.2.2. Vertical Farming 12.5.2.2.3. Greenhouse 12.5.2.2.4. Research 12.5.2.2.5. Turf 12.5.2.2.6. Others 12.5.3. Rest of MEA 12.5.3.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 12.5.3.1.1. LED 12.5.3.1.2. Fluorescent 12.5.3.1.3. High Intensity Discharge (HID) 12.5.3.1.4. Others 12.5.3.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 12.5.3.2.1. Indoor Farming 12.5.3.2.2. Vertical Farming 12.5.3.2.3. Greenhouse 12.5.3.2.4. Research 12.5.3.2.5. Turf 12.5.3.2.6. Others 12.6. Market Attractiveness Analysis 12.6.1. By Technology 12.6.2. By Application 12.6.3. By Country 13. South America Grow light Market Analysis and Forecast 13.1. Key Findings 13.2. Key Trends 13.3. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 13.3.1. LED 13.3.2. Fluorescent 13.3.3. High Intensity Discharge (HID) 13.3.4. Others 13.4. Market Size (US$ Mn) Forecast By Application,2015 – 2032 13.4.1. Indoor Farming 13.4.2. Vertical Farming 13.4.3. Greenhouse 13.4.4. Research 13.4.5. Turf 13.4.6. Others 13.5. Market Size (US$ Mn) Forecast By Country,2015 – 2032 13.5.1. Brazil 13.5.1.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 13.5.1.1.1. LED 13.5.1.1.2. Fluorescent 13.5.1.1.3. High Intensity Discharge (HID) 13.5.1.1.4. Others 13.5.1.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 13.5.1.2.1. Indoor Farming 13.5.1.2.2. Vertical Farming 13.5.1.2.3. Greenhouse 13.5.1.2.4. Research 13.5.1.2.5. Turf 13.5.1.2.6. Others 13.5.2. Rest of South America 13.5.2.1. Market Size (US$ Mn) Forecast By Technology,2015 – 2032 13.5.2.1.1. LED 13.5.2.1.2. Fluorescent 13.5.2.1.3. High Intensity Discharge (HID) 13.5.2.1.4. Others 13.5.2.2. Market Size (US$ Mn) Forecast By Application,2015 – 2032 13.5.2.2.1. Indoor Farming 13.5.2.2.2. Vertical Farming 13.5.2.2.3. Greenhouse 13.5.2.2.4. Research 13.5.2.2.5. Turf 13.5.2.2.6. Others 13.6. Market Attractiveness Analysis 13.6.1. By Technology 13.6.2. By Application 13.6.3. By Country 14. Competition Landscape 14.1. Market Player – Competition Matrix 14.2. Market Share Analysis By Company (2016) 14.3. Company Profiles (Details – Overview, Financials, Recent Developments, SWOT, Strategy) 14.3.1. LumiGrow Inc. 14.3.1.1. Company Details 14.3.1.2. Market Presence, By Segment 14.3.1.3. Strategic Overview 14.3.1.4. Financial Details 14.3.1.5. SWOT Analysis 14.3.2. Philips Lighting 14.3.2.1. Company Details 14.3.2.2. Market Presence, By Segment 14.3.2.3. Strategic Overview 14.3.2.4. Financial Details 14.3.2.5. SWOT Analysis 14.3.3. General Electric Company 14.3.3.1. Company Details 14.3.3.2. Market Presence, By Segment 14.3.3.3. Strategic Overview 14.3.3.4. Financial Details 14.3.3.5. SWOT Analysis 14.3.4. Lumileds Holding B.V 14.3.4.1. Company Details 14.3.4.2. Market Presence, By Segment 14.3.4.3. Strategic Overview 14.3.4.4. Financial Details 14.3.4.5. SWOT Analysis 14.3.5. Fluence Bioengineering, Inc 14.3.5.1. Company Details 14.3.5.2. Market Presence, By Segment 14.3.5.3. Strategic Overview 14.3.5.4. Financial Details 14.3.5.5. SWOT Analysis 14.3.6. Heliospectra AB 14.3.6.1. Company Details 14.3.6.2. Market Presence, By Segment 14.3.6.3. Strategic Overview 14.3.6.4. Financial Details 14.3.6.5. SWOT Analysis 14.3.7. Gavita International B.V. 14.3.7.1. Company Details 14.3.7.2. Market Presence, By Segment 14.3.7.3. Strategic Overview 14.3.7.4. Financial Details 14.3.7.5. SWOT Analysis 14.3.8. Illumitex 14.3.8.1. Company Details 14.3.8.2. Market Presence, By Segment 14.3.8.3. Strategic Overview 14.3.8.4. Financial Details 14.3.8.5. SWOT Analysis 14.3.9. OSRAM Licht Group 14.3.9.1. Company Details 14.3.9.2. Market Presence, By Segment 14.3.9.3. Strategic Overview 14.3.9.4. Financial Details 14.3.9.5. SWOT Analysis 14.3.10. Sunlight Supply, Inc. 14.3.10.1. Company Details 14.3.10.2. Market Presence, By Segment 14.3.10.3. Strategic Overview 14.3.10.4. Financial Details 14.3.10.5. SWOT Analysis 15. Key Takeaways
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List Of Table
Table 01: Global Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 02: Global Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 03: Global Grow light Market Size (US$ Mn) Forecast, by Region, 2015 – 2032
Table 04: North America Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 05: North America Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 06: North America Grow light Market Size (US$ Mn) Forecast, by Country, 2015 – 2032
Table 07: The U.S. Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 08: The U.S. Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 09: Canada Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 10: Canada Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 11: Rest of North America Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 12: Rest of North America Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 13: Europe Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 14: Europe Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 15: Europe Grow light Market Size (US$ Mn) Forecast, by Country, 2015 – 2032
Table 16: The U.K. Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 17: The U.K. Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 18: Germany Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 19: Germany Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 20: The Netherlands Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 21: The Netherlands Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 22: Rest of Europe Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 23: Rest of Europe Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 24: Asia Pacific Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 25: Asia Pacific Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 26: Asia Pacific Grow light Market Size (US$ Mn) Forecast, by Country, 2015 – 2032
Table 27: India Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 28: India Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 29: Japan Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 30: Japan Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 31: China Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 32: China Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 33: Rest of Asia Pacific Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 34: Rest of Asia Pacific Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 35: Middle East & Africa Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 36: Middle East & Africa Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 37: Middle East & Africa Grow light Market Size (US$ Mn) Forecast, by Country, 2015 – 2032
Table 38: GCC countries Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 39: GCC countries Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 40: South Africa Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 41: South Africa Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 42: Rest of Middle East & Africa Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 43: Rest of Middle East & Africa Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 44: South America Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 45: South America Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 46: South America Grow light Market Size (US$ Mn) Forecast, by Country, 2015 – 2032
Table 47: Brazil Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 48: Brazil Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
Table 49: Rest of South America Grow light Market Size (US$ Mn) Forecast, by Technology, 2015 – 2032
Table 50: Rest of South America Grow light Market Size (US$ Mn) Forecast, by Application, 2015 – 2032
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List Of Figures
Figure 01: Market Revenue (US$ Mn) Growth Analysis by Region,2022-2032
Figure 02: Market Revenue (US$ Mn) Growth Analysis by Technology,2022-2032
Figure 03: Market Revenue (US$ Mn) Growth Analysis by Application,2022-2032
Figure 04: Global Grow light Market Size (US$ Mn) Forecast,2015-2032
Figure 05: Global grow light Market Y-o-Y Growth (Value %) Forecast, 2016-2032
Figure 06: Global Grow light Market Revenue Share Analysis, by Technology, 2016 and 2032
Figure 07: Global grow light Market Revenue (US$ Mn) Growth Analysis by Technology,2022-2032
Figure 08: Global grow light Market Attractiveness Analysis by Technology
Figure 09: Global grow light Market Value Share Analysis, by Application, 2016 and 2032
Figure 10: Global grow light Market Revenue (US$ Mn) Growth Analysis By Application,2022-2032
Figure 11: Global grow light Market Attractiveness Analysis By Application
Figure 12: Global grow light Market Revenue (US$ Mn) Growth Analysis by Region,2022-2032
Figure 13: Global grow light Market Attractiveness Analysis by Region
Figure 14: North America Grow light Market Size (US$ Mn) Forecast, 2015 – 2032
Figure 15: North America Grow light Market Size Y-o-Y Growth Projections, 2016-2032
Figure 16: North America Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 17: North America Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 18: North America Grow light Market Revenue Share Analysis, by Country, 2022 and 2032
Figure 19: North America grow light Market Revenue (US$ Mn) Growth Analysis by Technology,2022-2032
Figure 20: North America Grow light Market Revenue share (%) Analysis By Application,2022-2032
Figure 21: North America grow light Market Revenue (US$ Mn) Growth Analysis by Country,2022-2032
Figure 22: The U.S. Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 23: The U.S. Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 24: Canada Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 25: Canada Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 26: North America grow light Market Attractiveness Analysis by Technology
Figure 27: North America grow light Market Attractiveness Analysis By Application
Figure 28: North America grow light Market Attractiveness Analysis by Country
Figure 29: Europe Grow light Market Size (US$ Mn) Forecast, 2015 – 2032
Figure 30: Europe Grow light Market Size Y-o-Y Growth Projections, 2016-2032
Figure 31: Europe Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 32: Europe Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 33: Europe Grow light Market Revenue Share Analysis, by Country, 2022 and 2032
Figure 34: Europe grow light Market Revenue (US$ Mn) Growth Analysis, by Technology,2022-2032
Figure 35: Europe grow light Market Revenue (US$ Mn) Growth Analysis, by Application,2022-2032
Figure 36: Europe grow light Market Revenue (US$ Mn) Growth Analysis, by Country,2022-2032
Figure 37: The U.K. Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 38: The U.K. Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 39: Germany Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 40: Germany Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 41: The Netherlands Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 42: The Netherlands Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 43: Europe grow light Market Attractiveness Analysis, by Technology
Figure 44: Europe grow light Market Attractiveness Analysis, by Application
Figure 45: Europe grow light Market Attractiveness Analysis, by Countries
Figure 46: Asia Pacific Grow light Market Size (US$ Mn) Forecast, 2015 – 2032
Figure 47: Asia Pacific Grow light Market Size Y-o-Y Growth Projections, 2016-2032
Figure 48: Asia Pacific Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 49: Asia Pacific Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 50: Asia Pacific Grow light Market Revenue Share Analysis, by Country, 2022 and 2032
Figure 51: Asia Pacific grow light Market Revenue (US$ Mn) Growth Analysis, by Technology,2022-2032
Figure 52: Asia Pacific Grow light Market Revenue share (%) Analysis, by Application,2022-2032
Figure 53: Asia Pacific Grow light Market Revenue share (%) Analysis, by Country,2022-2032
Figure 54: India Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 55: India Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 56: Japan Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 57: Japan Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 58: China Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 59: China Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 60: Asia Pacific grow light Market Attractiveness Analysis, by Technology
Figure 61: Asia Pacific grow light Market Attractiveness Analysis, by Application
Figure 62: Asia Pacific grow light Market Attractiveness Analysis, by Country
Figure 63: Middle East & Africa Grow light Market Size (US$ Mn) Forecast, 2015 – 2032
Figure 64: Middle East & Africa Grow light Market Size Y-o-Y Growth Projections, 2016-2032
Figure 65: Middle East & Africa Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 66: Middle East & Africa Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 67: Middle East & Africa Grow light Market Revenue Share Analysis, by Country, 2022 and 2032
Figure 68: Middle East & Africa grow light Market Revenue (US$ Mn) Growth Analysis, by Technology,2022-2032
Figure 69: Middle East & Africa grow light Market Revenue (US$ Mn) Growth Analysis, by Application,2022-2032
Figure 70: Middle East & Africa grow light Market Revenue (US$ Mn) Growth Analysis, by Country,2022-2032
Figure 71: GCC Countries Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 72: GCC Countries Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 73: South Africa Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 74: South Africa Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 75: Middle East & Africa grow light Market Attractiveness Analysis, by Technology
Figure 76: Middle East & Africa grow light Market Attractiveness Analysis, by Application
Figure 77: Middle East & Africa grow light Market Attractiveness Analysis, by Country
Figure 78: South America Grow light Market Size (US$ Mn) Forecast, 2015 – 2032
Figure 79: South America Grow light Market Size Y-o-Y Growth Projections, 2016-2032
Figure 80: South America Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 81: South America Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 82: South America Grow light Market Revenue Share Analysis, by Country, 2022 and 2032
Figure 83: South America grow light Market Revenue (US$ Mn) Growth Analysis, by Technology,2022-2032
Figure 84: South America grow light Market Revenue (US$ Mn) Growth Analysis, by Application,2022-2032
Figure 85: South America grow light Market Revenue (US$ Mn) Growth Analysis, by Country,2022-2032
Figure 86: Brazil Grow light Market Revenue Share Analysis, by Technology, 2022 and 2032
Figure 87: Brazil Grow light Market Revenue Share Analysis, by Application, 2022 and 2032
Figure 88: South America grow light Market Attractiveness Analysis, by Technology
Figure 89: South America grow light Market Attractiveness Analysis, by Application
Figure 90: South America grow light Market Attractiveness Analysis, by Country
Figure 91: Global Grow light Market Revenue Share Analysis, by Company (2016)
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- FAQs -
What is the Growth Outlook of the Global Grow Light Market?
The global grow light market is estimated to record a CAGR of 8.2% during the forecast period.
What is the projected Value of Global Grow Light Market By 2032?
The global grow light market is predicted to be valued at US$ 11.4 Bn by 2032.
What was the Historical Size of the Global Grow Light Market?
The global grow light market was valued at US$ 3.1 Bn in 2016.
Which Segment has the Highest Growth Potential in the Global Grow Light Market by Technology?
High intensity discharge (HID) light segment is estimated to grow at the highest CAGR of 9.1%.
Which Region has the Highest Potential of Growth in the Grow Light Market?
Asia Pacific region is predicted to witness the highest CAGR of nearly 10% in the grow light market.
Grow Light Market