デフォルト表紙
市場調査レポート
商品コード
1450951

育成ライト市場レポート:技術、設置タイプ、スペクトル、用途、地域別、2024-2032

Grow Light Market Report by Technology, Installation Type, Spectrum, Application, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 138 Pages | 納期: 2~3営業日

● お客様のご希望に応じて、既存データの加工や未掲載情報(例:国別セグメント)の追加などの対応が可能です。  詳細はお問い合わせください。

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.76円
育成ライト市場レポート:技術、設置タイプ、スペクトル、用途、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 138 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の育成ライト市場規模は、2023年に44億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに91億米ドルに達し、2024-2032年の成長率(CAGR)は8.2%になると予測しています。室内農業や都市園芸の動向の高まり、エネルギー効率の高いLED技術の市場開発、農業における持続可能な実践の重視の高まり、スマート技術や自動化技術の育成ライトシステムへの統合などが市場を推進する主な要因です。

育成ライトは、光合成に必要な光のスペクトルを提供するように設計された人工光源であり、植物の室内栽培を可能にします。発芽、植物成長、開花など、さまざまな成長段階で植物が必要とする自然な太陽光を再現します。栽培用ライトは、屋内園芸、水耕栽培、垂直農法システムで一般的に使用され、自然の太陽光を補ったり、置き換えたりすることで、太陽光へのアクセスが制限された環境でも植物を生育させることができます。蛍光灯、LED、高輝度放電(HID)ライトなど、さまざまなタイプの育成用ライトは、植物の最適な成長と発育をサポートする特定の光スペクトルを提供します。

屋内および都市部での農作業の増加により、植物の成長をサポートする信頼性の高い人工照明ソリューションが必要とされており、これが世界の市場成長を促進する重要な要因の一つとなっています。都市化と限られた屋外スペースが、効率的で省スペースの栽培方法に対する需要を促進しています。照明技術、特にエネルギー効率の高いLEDの大幅な進歩が市場に革命をもたらしています。LEDはカスタマイズ可能な光スペクトルとエネルギー消費の削減を提供するため、様々な植物種や成長段階に最適です。さらに、天候パターンの変化や自然太陽光の予測不可能性から、栽培者は、栽培用ライトによって年間を通じて一貫した最適な条件を確保できる、管理された屋内環境を選ぶようになっています。さらに、大麻栽培産業の拡大は、薬用・娯楽用を問わず、収量と効能を最大化するために、ニーズに合わせた照明ソリューションに大きく依存しています。持続可能な農業に対する意識の高まりは、エネルギー効率と環境に優しいソリューションを強調しており、最新の栽培用ライトはエネルギー消費の削減と光の浪費の最小化を通じてこれに対処しています。

育成ライト市場動向と促進要因:

屋内農業の増加

都市化と限られた屋外スペースに起因する屋内農業の人気の高まりは、育成ライト市場の重要な促進要因です。育成ライトは、天候の変動や栽培期間の延長という課題を克服し、制御された環境で植物を生育させることを可能にします。この動向は、地元産農産物の需要に対応し、通年栽培をサポートすることで、食糧安全保障と持続可能性を高める。

照明技術の著しい進歩

照明技術の進化、特にエネルギー効率の高いLED栽培用ライトの開発は、業界に変革をもたらしつつあります。LEDは、光のスペクトルと強度を正確に制御し、植物の成長を最適化し、エネルギー消費を最小限に抑えます。寿命が長く、熱の放出が少ないこともLEDの魅力であり、商業的な栽培者にも趣味的な栽培者にも好まれる選択肢となっています。

大麻栽培の増加

様々な地域での医療・娯楽用大麻の合法化により拡大する大麻産業は、特殊な照明ソリューションに大きく依存しています。成長ライトは、特定のカンナビノイド・プロファイルと強力な収量を持つ高品質の大麻を栽培するために極めて重要です。調整された照明体制は植物の発育に影響を与え、開花、効力、樹脂生産などの特性に影響を与えます。大麻市場が成長するにつれて、効率的で効果的な栽培用照明の需要は高まり続けています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 育成ライトの世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:技術別

  • HID
    • 市場動向
    • 市場予測
  • LED
    • 市場動向
    • 市場予測
  • 蛍光灯
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:設置タイプ別

  • 新規設置
    • 市場動向
    • 市場予測
  • 後付け設置
    • 市場動向
    • 市場予測

第8章 市場内訳:スペクトル別

  • フルスペクトル
    • 市場動向
    • 市場予測
  • 部分スペクトル
    • 市場動向
    • 市場予測

第9章 市場内訳:用途別

  • 屋内農業
    • 市場動向
    • 市場予測
  • 垂直農法
    • 市場動向
    • 市場予測
  • 商業温室
    • 市場動向
    • 市場予測
  • 芝と造園
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第10章 市場内訳:地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • アルゼンチン
      • 市場動向
      • 市場予測
    • コロンビア
      • 市場動向
      • 市場予測
    • チリ
      • 市場動向
      • 市場予測
    • ペルー
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ
    • トルコ
      • 市場動向
      • 市場予測
    • サウジアラビア
      • 市場動向
      • 市場予測
    • イラン
      • 市場動向
      • 市場予測
    • アラブ首長国連邦
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

  • 概要
  • 研究開発
  • 原料調達
  • 製造
  • マーケティング
  • 流通
  • 最終用途

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • ams-OSRAM AG
    • California LightWorks
    • Epistar(Ennostar Inc.)
    • Everlight Electronics
    • Gavita International B.V.
    • Heliospectra AB
    • Koninklijke Philips N.V.
    • Mars Hydro
    • Savant Technologies LLC
    • Shenzhen Juson Technology Co. Ltd.
図表

List of Figures

  • Figure 1: Global: Grow Light Market: Major Drivers and Challenges
  • Figure 2: Global: Grow Light Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Grow Light Market: Breakup by Technology (in %), 2023
  • Figure 4: Global: Grow Light Market: Breakup by Installation Type (in %), 2023
  • Figure 5: Global: Grow Light Market: Breakup by Spectrum (in %), 2023
  • Figure 6: Global: Grow Light Market: Breakup by Application (in %), 2023
  • Figure 7: Global: Grow Light Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Grow Light Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 9: Global: Grow Light (HID) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Grow Light (HID) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Grow Light (LED) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Grow Light (LED) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Grow Light (Fluorescent) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Grow Light (Fluorescent) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Grow Light (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Grow Light (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Grow Light (New Installations) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Grow Light (New Installations) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Grow Light (Retrofit Installations) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Grow Light (Retrofit Installations) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Grow Light (Full-Spectrum) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Grow Light (Full-Spectrum) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Grow Light (Partial Spectrum) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Grow Light (Partial Spectrum) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Grow Light (Indoor Farming) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Grow Light (Indoor Farming) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Grow Light (Vertical Farming) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Grow Light (Vertical Farming) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Grow Light (Commercial Greenhouse) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Grow Light (Commercial Greenhouse) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Grow Light (Turf and Landscaping) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Grow Light (Turf and Landscaping) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Grow Light (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Grow Light (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: North America: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: North America: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: United States: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: United States: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Canada: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Canada: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Asia Pacific: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Asia Pacific: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: China: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: China: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: Japan: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: Japan: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: India: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: India: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: South Korea: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: South Korea: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Australia: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: Australia: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Indonesia: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Indonesia: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Others: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Others: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: Europe: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: Europe: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: Germany: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: Germany: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: France: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: France: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: United Kingdom: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: United Kingdom: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Italy: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Italy: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Spain: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Spain: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Russia: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Russia: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Others: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Others: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Latin America: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Latin America: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Brazil: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Brazil: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Mexico: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Mexico: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Argentina: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 80: Argentina: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 81: Colombia: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 82: Colombia: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 83: Chile: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 84: Chile: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 85: Peru: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 86: Peru: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 87: Others: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 88: Others: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 89: Middle East and Africa: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 90: Middle East and Africa: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 91: Turkey: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 92: Turkey: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 93: Saudi Arabia: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 94: Saudi Arabia: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 95: Iran: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 96: Iran: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 97: United Arab Emirates: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 98: United Arab Emirates: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 99: Others: Grow Light Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 100: Others: Grow Light Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 101: Global: Grow Light Industry: SWOT Analysis
  • Figure 102: Global: Grow Light Industry: Value Chain Analysis
  • Figure 103: Global: Grow Light Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Grow Light Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Grow Light Market Forecast: Breakup by Technology (in Million US$), 2024-2032
  • Table 3: Global: Grow Light Market Forecast: Breakup by Installation Type (in Million US$), 2024-2032
  • Table 4: Global: Grow Light Market Forecast: Breakup by Spectrum (in Million US$), 2024-2032
  • Table 5: Global: Grow Light Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 6: Global: Grow Light Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Grow Light Market: Competitive Structure
  • Table 8: Global: Grow Light Market: Key Players
目次
Product Code: SR112024A1842

The global grow light market size reached US$ 4.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2024-2032. The growing trend of indoor farming and urban gardening, the development of energy-efficient LED technology, the rising emphasis on sustainable practices in agriculture, and the integration of smart and automated technologies into grow light systems are some of the major factors propelling the market.

A grow light is an artificial light source designed to provide the necessary spectrum of light for photosynthesis, enabling indoor cultivation of plants. It replicates the natural sunlight required by plants for various growth stages, including germination, vegetative growth, and flowering. Grow lights are commonly used in indoor gardening, hydroponics, and vertical farming systems to supplement or replace natural sunlight, allowing plants to thrive in environments with limited access to sunlight. Different types of grow lights, such as fluorescent, LED, and high-intensity discharge (HID) lights, offer specific light spectrums to support optimal plant growth and development.

The rise in indoor and urban farming practices necessitates reliable artificial lighting solutions to support plant growth which represents one of the key factors driving the growth of the market across the globe. Urbanization and limited outdoor space drive the demand for efficient and space-saving cultivation methods. Significant advancements in lighting technologies, particularly energy-efficient LEDs, are revolutionizing the market. LEDs offer customizable light spectrums and reduced energy consumption, which makes them ideal for various plant species and growth stages. Moreover, changing weather patterns and the unpredictability of natural sunlight encourage growers to opt for controlled indoor environments, where grow lights ensure consistent and optimized conditions year-round. Furthermore, the cannabis cultivation industry's expansion, both for medicinal and recreational purposes, heavily relies on tailored lighting solutions to maximize yield and potency. The increasing awareness of sustainable agriculture practices emphasizes energy-efficient and eco-friendly solutions, which modern grow lights address through reduced energy consumption and minimized light wastage, thus facilitating the growth of the market across the region.

Grow Light Market Trends/Drivers:

Rising indoor farming

The increasing popularity of indoor farming, driven by urbanization and limited outdoor space, is a significant driver of the grow light market. Grow lights enable plants to thrive in controlled environments, overcoming the challenges of weather variability and extending growing seasons. This trend caters to the demand for locally grown produce and supports year-round cultivation, which enhances food security and sustainability.

Significant advancements in lighting technology

The evolution of lighting technology, particularly the development of energy-efficient LED grow lights, is transforming the industry. LEDs offer precise control over light spectra and intensity, optimizing plant growth and minimizing energy consumption. Their longer lifespan and reduced heat emissions also contribute to their appeal, thus making them a preferred choice for both commercial and hobbyist growers.

Rising cannabis cultivation

The expanding cannabis industry, driven by legalization for medical and recreational use in various regions, heavily relies on specialized lighting solutions. Grow lights are crucial for cultivating high-quality cannabis with specific cannabinoid profiles and potent yields. Tailored lighting regimes influence plant development, affecting characteristics like flowering, potency, and resin production. As the cannabis market grows, the demand for efficient and effective grow lights continues to rise.

Grow Light Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global grow light market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on technology, installation type, spectrum and application.

Breakup by Technology:

HID

LED

Fluorescent

Others

The report has provided a detailed breakup and analysis of the market based on the technology. This includes HID, LED, fluorescent, and others. According to the report, LED represented the largest segment.

The widespread adoption of light emitting diode (LED) technology in the grow light market is driven by several compelling factors. Primarily, LEDs offer precise control over light spectra, allowing growers to tailor lighting conditions to specific plant growth stages, enhancing photosynthesis, flowering, and yield. LEDs are energy-efficient as they consume less power as compared to traditional lighting technologies, leading to reduced operational costs and environmental impact. Moreover, LEDs produce minimal heat, allowing lights to be placed closer to plants without the risk of heat damage. This enhances light penetration and efficiency. The longer lifespan of LEDs reduces replacement and maintenance costs. Additionally, LEDs emit less heat, reducing the need for extensive ventilation and cooling systems. This makes them well-suited for vertical farming and compact indoor spaces. Furthermore, advancements in LED technology have lowered costs, thus making them more accessible to a broader range of growers. Their compact size and design flexibility enable innovative lighting setups.

Breakup by Installation Type:

New Installations

Retrofit Installations

A detailed breakup and analysis of the market based on the market type has also been provided in the report. This includes new installation and retrofit installation. According to the report, new installations accounted for the largest market share.

The adoption of new installations in the grow light market is driven by several influential factors. Primarily, technological advancements are leading to the development of more efficient and effective lighting solutions, encouraging growers to upgrade their existing systems for improved performance and yield. The growing demand for sustainable and environmentally friendly agricultural practices is prompting the integration of energy-efficient lighting technologies. New installations often utilize LED systems, which consume less energy, produce minimal heat, and consist of longer lifespans as compared to traditional lighting. Moreover, the expansion of indoor and vertical farming operations requires the establishment of new lighting setups to support increased cultivation in limited spaces. These installations ensure optimal light distribution and coverage for different plant growth stages. Additionally, the increasing popularity of legalized cannabis cultivation necessitates advanced lighting installations to achieve desired yields and potency. Furthermore, government incentives and grants that promote sustainable agriculture and energy efficiency drive the adoption of new lighting installations.

Breakup by Spectrum:

Full-Spectrum

Partial Spectrum

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes full-spectrum and partial spectrum. According to the report, full spectrum accounted for the largest market share.

Full-spectrum lighting closely mimics natural sunlight, providing a comprehensive range of wavelengths essential for various plant growth stages. This promotes optimal photosynthesis, flowering, and overall plant development. Research is showing that plants benefit from exposure to the entire spectrum of light, including blue, red, and even wavelengths beyond visible light. Full-spectrum lighting enhances plant vigor, nutrient uptake, and essential oil production. Moreover, the demand for versatile lighting solutions for diverse plant species drives the popularity of full-spectrum lights. They cater to the needs of a wide range of crops, from leafy greens to flowering plants. Additionally, the rise of indoor and vertical farming practices necessitates lighting solutions that offer consistent and balanced illumination across different layers and growing areas. Furthermore, advancements in LED technology enable precise customization of full-spectrum lighting, allowing growers to fine-tune light spectra for specific plant requirements.

Breakup by Application:

Indoor Farming

Vertical Farming

Commercial Greenhouse

Turf and Landscaping

Others

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes full spectrum and partial spectrum. According to the report, commercial greenhouse accounted for the largest market share.

Grow lights play a pivotal role in commercial greenhouse operations, contributing to enhanced crop production and year-round cultivation. In greenhouses, grow lights are used to supplement natural sunlight and extend the photoperiod, particularly during low light conditions, such as winter or cloudy days. Grow lights ensure consistent and optimized light levels for plants, promoting uniform growth, development, and yield across the greenhouse. They are especially valuable for high-value crops, early-season planting, and crop varieties that require specific light conditions. Additionally, in regions with limited sunlight or extreme weather conditions, grow lights provide a reliable solution for maintaining plant health and productivity. They enable growers to diversify crop portfolios and extend the availability of fresh produce to meet market demand throughout the year. Furthermore, the controlled environment of a greenhouse combined with artificial lighting allows for precision cultivation, enabling fine-tuning of growth parameters and accelerating plant growth cycles.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Argentina

Colombia

Chile

Peru

Others

Middle East and Africa

Turkey

Saudi Arabia

Iran

United Arab Emirates

Others

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

In Europe, the grow light market is driven by the increasing focus on sustainable agriculture, efficient resource utilization, and year-round crop production. The continent's variable climate and limited arable land have prompted the adoption of indoor and vertical farming methods, spurring demand for energy-efficient and customizable grow lights. Significant advancements in LED technology cater to the need for precise light spectra, while the emphasis on local food production aligns with efficient grow light solutions. Additionally, the expanding cannabis cultivation industry drives the demand for specialized lighting.

Competitive Landscape:

Key market players in the grow light market are actively engaged in various strategic initiatives to capitalize on the market's growth potential. They focus on research and development (R&D) to innovate lighting technologies that offer higher efficiency, optimized light spectra, and enhanced control for plant growth. These companies also emphasize sustainability, aiming to create energy-efficient solutions that reduce the environmental footprint of indoor farming. They collaborate with horticultural experts to understand plant needs and design lighting solutions that maximize yield and quality. Moreover, key players invest in educating growers about the benefits of different lighting technologies and their impact on crop productivity. They provide support services, technical assistance, and resources to help customers make informed decisions. Furthermore, partnerships with research institutions, universities, and agricultural organizations facilitate knowledge exchange and contribute to cutting-edge advancements in the field.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

ams-OSRAM AG

California LightWorks

Epistar (Ennostar Inc.)

Everlight Electronics

Gavita International B.V.

Heliospectra AB

Koninklijke Philips N.V.

Mars Hydro

Savant Technologies LLC

Shenzhen Juson Technology Co. Ltd.

Recent Developments:

In January 2023, Polymatech Electronics, India's first semiconductor chip manufacturer specializing in Opto-semiconductors, announced the launch of its new horticulture LED products: Ravaye full-spectrum packages and modules, as well as monochromatic LEDs.

In November 2020, The New Town Kolkata Development Authority (NKDA) launched an urban gardening project using LED grow light technology for commercial cultivation of tuberose (Rajanigandha) and chrysanthemum (dalia) plants on a two-acre land near the Biswa Bangla Gate in New Town.

In December 2022, the world's leading in-home, smart hydroponic garden brand, announced a new addition to their portfolio today - Indoor Grow Lights for houseplants. This new product line expands AeroGarden's existing grow light offerings with three new unique models, which include enhanced design elements that integrate seamlessly anywhere in the home while supporting healthy houseplant growth year-round.

Key Questions Answered in This Report

  • 1. What was the size of the global grow light market in 2023?
  • 2. What is the expected growth rate of the global grow light market during 2024-2032?
  • 3. What are the key factors driving the global grow light market?
  • 4. What has been the impact of COVID-19 on the global grow light market?
  • 5. What is the breakup of the global grow light market based on the technology?
  • 6. What is the breakup of the global grow light market based on the installation type?
  • 7. What is the breakup of the global grow light market based on the spectrum?
  • 8. What is the breakup of the global grow light market based on the application?
  • 9. What are the key regions in the global grow light market?
  • 10. Who are the key players/companies in the global grow light market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Grow Light Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Technology

  • 6.1 HID
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 LED
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Fluorescent
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Installation Type

  • 7.1 New Installations
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Retrofit Installations
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Spectrum

  • 8.1 Full-Spectrum
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Partial Spectrum
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Application

  • 9.1 Indoor Farming
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Vertical Farming
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Commercial Greenhouse
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Turf and Landscaping
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Argentina
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
    • 10.4.4 Colombia
      • 10.4.4.1 Market Trends
      • 10.4.4.2 Market Forecast
    • 10.4.5 Chile
      • 10.4.5.1 Market Trends
      • 10.4.5.2 Market Forecast
    • 10.4.6 Peru
      • 10.4.6.1 Market Trends
      • 10.4.6.2 Market Forecast
    • 10.4.7 Others
      • 10.4.7.1 Market Trends
      • 10.4.7.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Turkey
      • 10.5.1.1 Market Trends
      • 10.5.1.2 Market Forecast
    • 10.5.2 Saudi Arabia
      • 10.5.2.1 Market Trends
      • 10.5.2.2 Market Forecast
    • 10.5.3 Iran
      • 10.5.3.1 Market Trends
      • 10.5.3.2 Market Forecast
    • 10.5.4 United Arab Emirates
      • 10.5.4.1 Market Trends
      • 10.5.4.2 Market Forecast
    • 10.5.5 Others
      • 10.5.5.1 Market Trends
      • 10.5.5.2 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

  • 12.1 Overview
  • 12.2 Research and Development
  • 12.3 Raw Material Procurement
  • 12.4 Manufacturing
  • 12.5 Marketing
  • 12.6 Distribution
  • 12.7 End-Use

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 ams-OSRAM AG
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 California LightWorks
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Epistar (Ennostar Inc.)
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
    • 14.3.4 Everlight Electronics
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Gavita International B.V.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Heliospectra AB
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Koninklijke Philips N.V.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Mars Hydro
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Savant Technologies LLC
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Shenzhen Juson Technology Co. Ltd.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio