Product Code: GVR-1-68038-891-6
Grow Light Market Growth & Trends:
The global grow light market size is estimated to reach USD 14.31 billion by 2030, registering a CAGR of 15.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.
According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment, and all the other things cities offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited.
Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.
The U.S. government has increasingly started to legitimize cannabis plantations across various states. With this initiative, cannabis cultivation is on the verge to become a big business in some parts of the country. Cannabis growers prefer Controlled-Environment Agriculture (CEA) to enhance product quality and yield. This setup consumes a high amount of electricity. As government officials and power companies are trying to convert this into a green industry, they are encouraging the use of LEDs to reduce power consumption and greenhouse gas emissions.
Grow Light Market Report Highlights:
- The > 300 watt segment is anticipated to grow at a CAGR of 8.9% during the forecast period due to the expanding use of grow light systems in the residential sector.
- The hardware system segment dominated the market and accounted for a revenue share of over 73.0% in 2024.
- The plasma segment is anticipated to register significant growth during the forecast period. Plasma lights are useful in vegetative growth as well as flowering.
- The retrofit segment accounted for the largest market share of over 56.0% in 2024. The expansion of urban and vertical farming is driving the segment's growth.
- The partial spectrum segment is anticipated to grow at the highest CAGR during the forecast period, these are targeted to specific stages of plant growth.
- The commercial greenhouse segment accounted for the largest market share of over 41.0% in 2024, driven by increasing global demand for fresh fruits and vegetables.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Grow Lights Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Grow Lights Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Grow Light Market: Product Estimates & Trend Analysis
- 4.1. Grow Light Market, By Product Analysis & Market Share, 2024 & 2030
- 4.2. < 300 Watt
- 4.2.1. < 300 Watt market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. > 300 Watt
- 4.3.1. > 300 Watt market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Grow Light Market: System Estimates & Trend Analysis
- 5.1. Grow Light Market, By System Analysis & Market Share, 2024 & 2030
- 5.2. Hardware
- 5.2.1. Hardware market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Software
- 5.3.1. Software market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Grow Light Market: Technology Estimates & Trend Analysis
- 6.1. Grow Light Market, By Technology Analysis & Market Share, 2024 & 2030
- 6.2. High Intensity Discharge
- 6.2.1. High intensity discharge market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. LED
- 6.3.1. LED market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Fluorescent
- 6.4.1. Fluorescent market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Plasma
- 6.5.1. Plasma market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Grow Light Market: Installation Estimates & Trend Analysis
- 7.1. Grow Light Market, By Installation Analysis & Market Share, 2024 & 2030
- 7.2. New Installation
- 7.2.1. New installation market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3. Retrofit
- 7.3.1. Retrofit market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Grow Light Market: Spectrum Estimates & Trend Analysis
- 8.1. Grow Light Market, By Spectrum Analysis & Market Share, 2024 & 2030
- 8.2. Partial Spectrum
- 8.2.1. Partial spectrum market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3. Full Spectrum
- 8.3.1. Full spectrum market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Grow Light Market: Application Estimates & Trend Analysis
- 9.1. Grow Light Market, By Application Analysis & Market Share, 2024 & 2030
- 9.2. Indoor Farming
- 9.2.1. Indoor farming market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3. Vertical Farming
- 9.3.1. Vertical farming market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4. Commercial Greenhouse
- 9.4.1. Commercial greenhouse market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5. Others
- 9.5.1. Others market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 10. Grow Light Market: Regional Estimates & Trend Analysis
- 10.1. Grow Light Market Share, By Region, 2024 & 2030, USD Million
- 10.2. North America
- 10.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.2.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.2.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.2.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.2.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.2.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.2.8. U.S.
- 10.2.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.2.8.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.2.8.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.2.8.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.2.8.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.2.8.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.2.9. Canada
- 10.2.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.9.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.2.9.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.2.9.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.2.9.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.2.9.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.2.9.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.2.10. Mexico
- 10.2.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.10.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.2.10.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.2.10.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.2.10.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.2.10.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.3. Europe
- 10.3.1. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.3.2. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.3.3. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.3.4. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.3.5. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.3.6. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.3.7. UK
- 10.3.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.7.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.3.7.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.3.7.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.3.7.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.3.7.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.3.7.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.3.8. Germany
- 10.3.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.3.8.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.3.8.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.3.8.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.3.8.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.3.8.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.3.9. France
- 10.3.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.9.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.3.9.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.3.9.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.3.9.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.3.9.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.3.9.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4. Asia Pacific
- 10.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4.8. China
- 10.4.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.8.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.8.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.8.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.8.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.8.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4.9. India
- 10.4.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.9.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.9.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.9.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.9.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.9.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.9.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4.10. Japan
- 10.4.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.10.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.10.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.10.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.10.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.10.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.10.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4.11. Australia
- 10.4.11.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.11.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.11.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.11.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.11.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.11.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.11.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.4.12. South Korea
- 10.4.12.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.12.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.4.12.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.4.12.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.4.12.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.4.12.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.4.12.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.5. Latin America
- 10.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.5.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.5.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.5.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.5.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.5.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.5.8. Brazil
- 10.5.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.5.8.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.5.8.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.5.8.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.5.8.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.5.9. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.6. Middle East & Africa
- 10.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.6.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.6.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.6.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.6.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.6.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.6.8. UAE
- 10.6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.6.8.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.6.8.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.6.8.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.6.8.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.6.8.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.6.9. Saudi Arabia
- 10.6.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.9.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.6.9.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.6.9.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.6.9.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.6.9.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.6.9.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
- 10.6.10. South Africa
- 10.6.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.10.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 10.6.10.3. Market estimates and forecast by system, 2018 - 2030 (USD Million)
- 10.6.10.4. Market estimates and forecast by technology, 2018 - 2030 (USD Million)
- 10.6.10.5. Market estimates and forecast by installation, 2018 - 2030 (USD Million)
- 10.6.10.6. Market estimates and forecast by spectrum, 2018 - 2030 (USD Million)
- 10.6.10.7. Market estimates and forecast by application, 2018 - 2030 (USD Million)
Chapter 11. Competitive Landscape
- 11.1. Recent Developments & Impact Analysis by Key Market Participants
- 11.2. Company Categorization
- 11.3. Company Market Share Analysis, 2024
- 11.4. Company Heat Map Analysis
- 11.5. Strategy Mapping
- 11.5.1. Expansion
- 11.5.2. Mergers & Acquisition
- 11.5.3. Partnerships & Collaborations
- 11.5.4. Hardware Product Launches
- 11.5.5. Research And Development
- 11.6. Company Profiles
- 11.6.1. AeroFarms
- 11.6.1.1. Participant's Overview
- 11.6.1.2. Financial Performance
- 11.6.1.3. Product Benchmarking
- 11.6.1.4. Recent Developments
- 11.6.2. EVERLIGHT ELECTRONICS CO., LTD.
- 11.6.2.1. Participant's Overview
- 11.6.2.2. Financial Performance
- 11.6.2.3. Product Benchmarking
- 11.6.2.4. Recent Developments
- 11.6.3. GAVITA Holland BV
- 11.6.3.1. Participant's Overview
- 11.6.3.2. Financial Performance
- 11.6.3.3. Product Benchmarking
- 11.6.3.4. Recent Developments
- 11.6.4. Heliospectra AB
- 11.6.4.1. Participant's Overview
- 11.6.4.2. Financial Performance
- 11.6.4.3. Product Benchmarking
- 11.6.4.4. Recent Developments
- 11.6.5. Hortilux Schreder
- 11.6.5.1. Participant's Overview
- 11.6.5.2. Financial Performance
- 11.6.5.3. Product Benchmarking
- 11.6.5.4. Recent Developments
- 11.6.6. Illumitex
- 11.6.6.1. Participant's Overview
- 11.6.6.2. Financial Performance
- 11.6.6.3. Product Benchmarking
- 11.6.6.4. Recent Developments
- 11.6.7. LumiGrow Inc.
- 11.6.7.1. Participant's Overview
- 11.6.7.2. Financial Performance
- 11.6.7.3. Product Benchmarking
- 11.6.7.4. Recent Developments
- 11.6.8. Osram Licht AG
- 11.6.8.1. Participant's Overview
- 11.6.8.2. Financial Performance
- 11.6.8.3. Product Benchmarking
- 11.6.8.4. Recent Developments
- 11.6.9. Signify Holding
- 11.6.9.1. Participant's Overview
- 11.6.9.2. Financial Performance
- 11.6.9.3. Product Benchmarking
- 11.6.9.4. Recent Developments
- 11.6.10. Sunlight Supply, Inc.
- 11.6.10.1. Participant's Overview
- 11.6.10.2. Financial Performance
- 11.6.10.3. Product Benchmarking
- 11.6.10.4. Recent Developments