The global LED grow light market is expected to reach USD 3.5 billion by 2030. The use of LED grow lights in vertical farming and turf & landscaping applications is also on the rise due to their energy efficiency and low maintenance costs.
Full spectrum LEDs are used in indoor farming applications as they provide a natural light spectrum that mimics sunlight, which helps plants grow faster and healthier than with other types of artificial lighting. These lights are also used in commercial greenhouses as they emit less heat than traditional HID lamps, which reduces the need for cooling systems that can be expensive to maintain over time. In addition, these lights have a longer lifespan than HID lamps which reduces replacement costs over time.
Partial spectrum LEDs are used in vertical farming applications as they emit only specific wavelengths of light that plants require for photosynthesis without wasting energy on wavelengths that do not contribute to plant growth or yield production rates. These lights are also used in turf & landscaping applications because they emit less heat than traditional HID lamps which reduces the need for cooling systems that can be expensive to maintain over time.
Some Of The Growth Factors Of This Market:
- LED grow lights are more efficient than traditional grow lights, which means they use less electricity and produce less heat.
- LED grow lights are more durable than traditional grow lights, which means they last longer and require less maintenance.
- LED grow lights emit a spectrum of light that is ideal for plant growth, which means plants grown under them will be healthier and produce higher yields than plants grown under other types of light sources.
- The cost of LED grow lights has decreased significantly in recent years, making them an affordable option for growers who want to switch to a more sustainable type of lighting source but can't afford the initial investment in HID or fluorescent lighting systems.
- The market for indoor growing is expected to continue growing as the population increases and people become increasingly aware of the benefits associated with locally-grown food.
Industry Growth Insights published a new data on “LED Grow Light Market”. The research report is titled “LED Grow Light Market research by Types (Partial Spectrum, Full Spectrum), By Applications (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, Others), By Players/Companies Royal Philips Electronics, Lumigrow, Osram Licht, Heliospectra, General Electric, Cree, Everlight Electronics, Alta Led, Bridgelux, Illumitex”.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Grow Light Market Research Report
By Type
Partial Spectrum, Full Spectrum
By Application
Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, Others
By Companies
Royal Philips Electronics, Lumigrow, Osram Licht, Heliospectra, General Electric, Cree, Everlight Electronics, Alta Led, Bridgelux, Illumitex
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global LED Grow Light Market Report Segments:
The global LED Grow Light market is segmented on the basis of:
Types
Partial Spectrum, Full Spectrum
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, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, 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:
- Royal Philips Electronics
- Lumigrow
- Osram Licht
- Heliospectra
- General Electric
- Cree
- Everlight Electronics
- Alta Led
- Bridgelux
- Illumitex
Highlights of The LED 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:
- Partial Spectrum
- Full Spectrum
- By Application:
- Indoor Farming
- Commercial Greenhouse
- Vertical Farming
- Turf & Landscaping
- Research
- 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 LED 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.
How you may use our products:
- 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?
LED grow light is a type of artificial lighting that uses LEDs to produce a bright, white light. LED lights are energy-efficient and last longer than other types of artificial lighting, making them an ideal choice for growing plants.
Some of the major players in the led grow light market are Royal Philips Electronics, Lumigrow, Osram Licht, Heliospectra, General Electric, Cree, Everlight Electronics, Alta Led, Bridgelux, Illumitex.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED 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. LED 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. LED Grow Light Market - Supply Chain
4.5. Global LED Grow Light Market Forecast
4.5.1. LED Grow Light Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Grow Light Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Grow Light Market Absolute $ Opportunity
5. Global LED 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. LED Grow Light Market Size and Volume Forecast by Type
5.3.1. Partial Spectrum
5.3.2. Full Spectrum
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED 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. LED Grow Light Market Size and Volume Forecast by Application
6.3.1. Indoor Farming
6.3.2. Commercial Greenhouse
6.3.3. Vertical Farming
6.3.4. Turf & Landscaping
6.3.5. Research
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED 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. LED 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 LED 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. LED 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 LED Grow Light Demand Share Forecast, 2019-2026
9. North America LED 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 LED 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 LED Grow Light Market Size and Volume Forecast by Application
9.4.1. Indoor Farming
9.4.2. Commercial Greenhouse
9.4.3. Vertical Farming
9.4.4. Turf & Landscaping
9.4.5. Research
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Grow Light Market Size and Volume Forecast by Type
9.7.1. Partial Spectrum
9.7.2. Full Spectrum
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 LED Grow Light Demand Share Forecast, 2019-2026
10. Latin America LED 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 LED 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 LED Grow Light Market Size and Volume Forecast by Application
10.4.1. Indoor Farming
10.4.2. Commercial Greenhouse
10.4.3. Vertical Farming
10.4.4. Turf & Landscaping
10.4.5. Research
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Grow Light Market Size and Volume Forecast by Type
10.7.1. Partial Spectrum
10.7.2. Full Spectrum
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 LED Grow Light Demand Share Forecast, 2019-2026
11. Europe LED 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 LED 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 LED Grow Light Market Size and Volume Forecast by Application
11.4.1. Indoor Farming
11.4.2. Commercial Greenhouse
11.4.3. Vertical Farming
11.4.4. Turf & Landscaping
11.4.5. Research
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Grow Light Market Size and Volume Forecast by Type
11.7.1. Partial Spectrum
11.7.2. Full Spectrum
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y--Y Growth Projections by Type
11.10. Market 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 LED Grow Light Demand Share, 2019-2026
12. Asia Pacific LED 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 LED 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 LED Grow Light Market Size and Volume Forecast by Application
12.4.1. Indoor Farming
12.4.2. Commercial Greenhouse
12.4.3. Vertical Farming
12.4.4. Turf & Landscaping
12.4.5. Research
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Grow Light Market Size and Volume Forecast by Type
12.7.1. Partial Spectrum
12.7.2. Full Spectrum
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 LED Grow Light Demand Share, 2019-2026
13. Middle East & Africa LED 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 LED 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 LED Grow Light Market Size and Volume Forecast by Application
13.4.1. Indoor Farming
13.4.2. Commercial Greenhouse
13.4.3. Vertical Farming
13.4.4. Turf & Landscaping
13.4.5. Research
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Grow Light Market Size and Volume Forecast by Type
13.7.1. Partial Spectrum
13.7.2. Full Spectrum
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 LED Grow Light Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Grow Light Market: Market Share Analysis
14.2. LED Grow Light Distributors and Customers
14.3. LED Grow Light Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Royal Philips Electronics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lumigrow
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Osram Licht
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Heliospectra
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cree
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Everlight Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alta Led
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bridgelux
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Illumitex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
