by The global grow lights market size accounted for US$ 5.9 Bn in 2022 and is projected to reach around USD 24.44 Bn by 2032, growing at a CAGR of 15.27% from 2023 to 2032.
Report Summary
The global grow lights market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the grow lights market across the globe.
A comprehensive estimate on the grow lights market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of grow lights during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Grow Lights Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 6.8 Billion |
| Market Size by 2032 | USD 24.44 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 15.27% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 To 2032 |
| Segments Covered | By Light Source, By Installation Type, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized grow lights market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: Disaster Management Market Size, Share, Growth Forecast 2032
Grow Lights Market Players
The report includes the profiles of key grow lights market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area
- Philips Lighting (now Signify)
- General Electric (GE)
- Osram
- Fluence by OSRAM
- California Lightworks
- Helio spectra AB
- Advanced LED Lights
- Gavita International
- Cree, Inc.
- Black Dog LED
Market Segmentation
By Light Source
- High-intensity Discharge Lights
- Light Emitting Diodes
- Fluorescent Lights
By Installation Type
- New Installations
- Retrofit Installations
By Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhous
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Grow Lights Market
5.1. COVID-19 Landscape: Grow Lights Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Grow Lights Market, By Light Source
8.1. Grow Lights Market Revenue and Volume, by Light Source, 2023-2032
8.1.1 High-intensity Discharge Lights
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Light Emitting Diodes
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Fluorescent Lights
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Grow Lights Market, By Installation Type
9.1. Grow Lights Market Revenue and Volume, by Installation Type, 2023-2032
9.1.1. New Installations
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Retrofit Installations
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Grow Lights Market, By Application
10.1. Grow Lights Market Revenue and Volume, by Application, 2023-2032
10.1.1. Indoor Farming
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Vertical Farming
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Commercial Greenhouse
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Grow Lights Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Light Source (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Installation Type (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. Philips Lighting (now Signify)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. General Electric (GE)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Osram
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Fluence by OSRAM
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. California Lightworks
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Helio spectra AB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Advanced LED Lights
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Gavita International
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Cree, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Black Dog LED
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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