The global grow light market is expected to reach USD 3.5 billion by 2030. The use of LED grow lights has increased significantly in recent years due to their low power consumption and high efficiency rates.
High Intensity Discharge (HID) grow lights are used for commercial greenhouse applications such as tomato cultivation in greenhouses or hydroponic systems where they are used for supplemental lighting during winter months when natural sunlight is scarce or unavailable. Fluorescent grow lights are also used for commercial greenhouse applications but they are more commonly found in residential settings where they provide supplemental lighting during winter months when natural sunlight is scarce or unavailable.
- The increasing demand for indoor plants and vegetables is one of the major factors driving the growth of this market.
- The increasing awareness about the benefits of indoor plants and vegetables among consumers is also driving this market's growth.
- Increasing urbanization, which has led to an increase in population density, has increased demand for Grow Lights as they are used to provide light indoors where natural light cannot reach or penetrate easily due to tall buildings and other structures blocking sunlight from reaching ground level.
- Growing awareness about environmental issues such as climate change, depletion of fossil fuels, and global warming are also driving this market's growth.
Industry Growth Insights published a new data on “Grow Light Market”. The research report is titled “Grow Light Market research by Types (High Intensity Discharge (HID), LED, Fluorescent, Plasma), By Applications (Indoor Farming, Vertical Farming, Commercial Greenhouse, Others), By Players/Companies AeroFarms, Royal Philips , General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric, Illumitex, Hortilux Schreder, Sunlight Supply”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Grow Light Market Research Report
By Type
High Intensity Discharge (HID), LED, Fluorescent, Plasma
By Application
Indoor Farming, Vertical Farming, Commercial Greenhouse, Others
By Companies
AeroFarms, Royal Philips , General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric, Illumitex, Hortilux Schreder, Sunlight Supply
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Grow Light Market Report Segments:
The global Grow Light market is segmented on the basis of:
Types
High Intensity Discharge (HID), LED, Fluorescent, Plasma
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor Farming, Vertical Farming, Commercial Greenhouse, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AeroFarms
- Royal PhilipsÂ
- General Electric
- Osram Licht
- Gavita Holland
- Lumigrow
- Heliospectra
- Iwasaki Electric
- Illumitex
- Hortilux Schreder
- Sunlight Supply
Highlights of The Grow Light Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- By Application:
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Grow Light Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Grow light is a supplemental lighting system that helps plants grow. It emits short-wavelength light, which is better for plant growth than long-wavelength light.
Some of the major players in the grow light market are AeroFarms, Royal Philips‚Â , General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric, Illumitex, Hortilux Schreder, Sunlight Supply.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Grow Light Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Grow Light Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Grow Light Market - Supply Chain
4.5. Global Grow Light Market Forecast
4.5.1. Grow Light Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Grow Light Market Size (000 Units) and Y-o-Y Growth
4.5.3. Grow Light Market Absolute $ Opportunity
5. Global Grow Light Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Grow Light Market Size and Volume Forecast by Type
5.3.1. High Intensity Discharge (HID)
5.3.2. LED
5.3.3. Fluorescent
5.3.4. Plasma
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Grow Light Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Grow Light Market Size and Volume Forecast by Application
6.3.1. Indoor Farming
6.3.2. Vertical Farming
6.3.3. Commercial Greenhouse
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Grow Light Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Grow Light Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Grow Light Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Grow Light Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Grow Light Demand Share Forecast, 2019-2026
9. North America Grow Light Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Grow Light Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Grow Light Market Size and Volume Forecast by Application
9.4.1. Indoor Farming
9.4.2. Vertical Farming
9.4.3. Commercial Greenhouse
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Grow Light Market Size and Volume Forecast by Type
9.7.1. High Intensity Discharge (HID)
9.7.2. LED
9.7.3. Fluorescent
9.7.4. Plasma
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Grow Light Demand Share Forecast, 2019-2026
10. Latin America Grow Light Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Grow Light Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Grow Light Market Size and Volume Forecast by Application
10.4.1. Indoor Farming
10.4.2. Vertical Farming
10.4.3. Commercial Greenhouse
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Grow Light Market Size and Volume Forecast by Type
10.7.1. High Intensity Discharge (HID)
10.7.2. LED
10.7.3. Fluorescent
10.7.4. Plasma
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Grow Light Demand Share Forecast, 2019-2026
11. Europe Grow Light Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Grow Light Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Grow Light Market Size and Volume Forecast by Application
11.4.1. Indoor Farming
11.4.2. Vertical Farming
11.4.3. Commercial Greenhouse
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Grow Light Market Size and Volume Forecast by Type
11.7.1. High Intensity Discharge (HID)
11.7.2. LED
11.7.3. Fluorescent
11.7.4. Plasma
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Grow Light Demand Share, 2019-2026
12. Asia Pacific Grow Light Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Grow Light Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Grow Light Market Size and Volume Forecast by Application
12.4.1. Indoor Farming
12.4.2. Vertical Farming
12.4.3. Commercial Greenhouse
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Grow Light Market Size and Volume Forecast by Type
12.7.1. High Intensity Discharge (HID)
12.7.2. LED
12.7.3. Fluorescent
12.7.4. Plasma
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Grow Light Demand Share, 2019-2026
13. Middle East & Africa Grow Light Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Grow Light Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Grow Light Market Size and Volume Forecast by Application
13.4.1. Indoor Farming
13.4.2. Vertical Farming
13.4.3. Commercial Greenhouse
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Grow Light Market Size and Volume Forecast by Type
13.7.1. High Intensity Discharge (HID)
13.7.2. LED
13.7.3. Fluorescent
13.7.4. Plasma
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Grow Light Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Grow Light Market: Market Share Analysis
14.2. Grow Light Distributors and Customers
14.3. Grow Light Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AeroFarms
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Royal Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Osram Licht
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gavita Holland
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lumigrow
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Heliospectra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Iwasaki Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Illumitex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hortilux Schreder
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sunlight Supply
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
