Summary

Grow Lights Market Size
The global grow lights market size was valued at $1.96 billion in 2024 and is projected to reach $8.11 billion by 2030, growing at a CAGR of 26.7% during the forecast period.

Grow Lights Market Overview
Grow lights are artificial light sources designed to stimulate plant growth by emitting an electromagnetic spectrum suitable for photosynthesis. These lights are used in applications where natural light is either insufficient or unavailable, such as in indoor gardening, commercial greenhouses, and plant research facilities. Grow lights can mimic sunlight or provide specific wavelengths of light that are most beneficial for different stages of plant growth, from germination and vegetative growth to flowering and fruiting. Common types of grow lights include fluorescent lights, high-intensity discharge (HID) lights, and light-emitting diodes (LEDs), each offering varying efficiencies, spectra, and intensities to meet the diverse needs of plant cultivation. By providing controlled light conditions, grow lights enable year-round cultivation and can significantly enhance plant productivity and quality, making them essential tools in modern horticulture and agriculture.

Grow Lights Market Dynamics
• The grow lights market is expected to witness significant growth in the future due to increasing adoption of indoor and vertical farming techniques, growing demand for year-round crop production and higher yields, and advancements in LED technology improving energy efficiency and lifespan.
• Additionally, the rising awareness and adoption of sustainable agricultural practices, government incentives and subsidies promoting controlled environment agriculture, and expansion into emerging markets with increasing urbanization and population growth are the prominent factors driving the growth of the market.
• However, the high initial setup and operational costs of grow light systems, limited awareness and technical knowledge among small-scale farmers, and challenges related to heat management and energy consumption are restraining the market growth.
• On the contrary, the Integration of IoT and smart technologies for precision agriculture, development of cost-effective and scalable grow light solutions, and collaborations and partnerships between technology providers and agricultural stakeholders are creating opportunities for market growth.

By Application, the Vertical Farming Segment is anticipated to Hold Major Share in the Grow Lights Market
The vertical farming segment is expected to dominate the market share during the forecast period owing to its representation of a sustainable agricultural practice that maximizes space efficiency by stacking crops vertically in controlled indoor environments. This method allows farmers to grow crops year-round, independent of external weather conditions. Grow lights play a pivotal role in vertical farming by providing artificial light that mimics the spectrum of sunlight necessary for photosynthesis. This enables consistent growth rates and high yields throughout the year. Moreover, vertical farming addresses the increasing global demand for fresh produce by reducing transportation distances and offering locally grown, pesticide-free vegetables and fruits. As urban populations grow the agriculture land decreases, vertical farming emerges as a solution to enhance food security and sustainability. Technological advancements in LED grow lights have further optimized energy efficiency and spectral tuning, enhancing crop quality and productivity in vertical farming systems. Additionally, government initiatives and investments supporting sustainable agriculture have spurred the adoption of vertical farming practices, thereby driving the demand for grow lights.

By Geography, North America is expected to grow at a highest CAGR during the forecast period
North America is anticipated to experience the highest compound annual growth rate during the forecast period due to its leadership in adopting advanced agricultural practices, particularly in indoor farming and controlled environment agriculture. Significant investments in vertical farms, greenhouse facilities, and indoor cultivation operations, which heavily depend on grow lights, have propelled this trend. This widespread adoption has consequently increased the demand for grow lights in North America, a region renowned for its technological innovation and development. LED technology, the predominant grow light type in the industry, has seen significant advancements, bolstering the sector's substantial market share. Furthermore, North America's regulatory environment has played a crucial role in nurturing the growth of the grow light industry. Governments and regulatory bodies have actively promoted sustainable agricultural practices, such as indoor farming, through incentives, grants, and subsidies, thereby encouraging producers to adopt grow light systems. Moreover, there is a rising consumer demand in North America for fresh, locally grown food that is free from pesticides.

Key Target Audience:
• Commercial Greenhouse Operators
• Indoor and Vertical Farming Enterprises
• Horticultural Research Institutions
• LED and Lighting Technology Manufacturers
• Agricultural Technology Companies

List of the Key Players Profiled in the Report Includes:
• Signify
• General Electric (GE)
• Osram
• Fluence by OSRAM
• California Lightworks
• Helio spectra AB
• Advanced LED Lights
• Gavita International
• Cree, Inc.
• Black Dog LED
• Agrolux B.V.
• Sollum Technologies

Recent Developments:
• In February 2024, Signify Holding announced the expansion of its Philips GreenPower LED gridlighting range, specifically designed for indoor cannabis cultivation. The new products feature spectral options optimized for cannabis growth and support a wider voltage range.
• In February 2023, Fluence, a prominent global supplier of energy-efficient LED lighting solutions for commercial cannabis and food production, has facilitated the extensive growth of pharmaceutical-grade medical cannabis cultivation operations in Portugal.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:


Market by, Installation Type:
• Retrofit Installations
• New Installations

Market by, Light Source:
• Fluorescent Lights
• High-intensity Discharge Lights
• Light Emitting Diodes
• Other Light Sources

Market by, Offering:
• Hardware
• Software & Services

Market by, Cultivated Plant:
• Cannabis
• Flowers
• Fruits & Vegetables

Market by, Spectrum:
• Limited Spectrum
• Full Spectrum

Market by, Sales Channel:
• Direct Sales Channels
• Distribution Channels
• E-Commerce Channels

Market by, Application:
• Commercial Greenhouse
• Greenhouses
• Indoor Farming
• Vertical Farming
• Other Applications

Market by, Geography:
The grow lights market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Grow Lights Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Grow Lights Market by, Installation Type
6.1 Overview
6.2 Retrofit Installations
6.3 New Installations

7 Global Grow Lights Market by, Light Source
7.1 Overview
7.2 Fluorescent Lights
7.3 High-intensity Discharge Lights
7.4 Light Emitting Diodes
7.5 Other Light Sources

8 Global Grow Lights Market by, Offering
8.1 Overview
8.2 Hardware
8.3 Software & Services

9 Global Grow Lights Market by, Cultivated Plant
9.1 Overview
9.2 Cannabis
9.3 Flowers
9.4 Fruits & Vegetables

10 Global Grow Lights Market by, Spectrum
10.1 Overview
10.2 Limited Spectrum
10.3 Full Spectrum

11 Global Grow Lights Market by, Sales Channel
11.1 Overview
11.2 Direct Sales Channels
11.3 Distribution Channels
11.4 E-Commerce Channels

12 Global Grow Lights Market by, Application
12.1 Overview
12.2 Commercial Greenhouse
12.3 Greenhouses
12.4 Indoor Farming
12.5 Vertical Farming
12.6 Other Applications

13 Global Grow Lights Market by, Geography
13.1 Overview
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 UK
13.3.4 Italy
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 China
13.4.2 Japan
13.4.3 India
13.4.4 South Korea
13.4.5 Australia
13.4.6 New Zealand
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Brazil
13.5.2 Argentina
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 UAE
13.6.2 Saudi Arabia
13.6.3 Qatar
13.6.4 Iran
13.6.5 South Africa
13.6.6 Rest of Middle East & Africa

14 Key Developments

15 Company Profiling
15.1 Philips Lighting (now Signify)
15.1.1 Business Overview
15.1.2 Product/Service Offering
15.1.3 Financial Overview
15.1.4 SWOT Analysis
15.1.5 Key Activities
15.2 General Electric (GE)
15.3 Osram
15.4 Fluence by OSRAM
15.5 California Lightworks
15.6 Helio spectra AB
15.7 Advanced LED Lights
15.8 Gavita International
15.9 Cree, Inc.
15.10 Black Dog LED
15.11 Agrolux B.V.
15.12 Sollum Technologies