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PUBLISHER: Grand View Research | PRODUCT CODE: 1076523
PUBLISHER: Grand View Research | PRODUCT CODE: 1076523
Grow Light Market Size, Share & Trends Analysis Report By Application (Indoor Farming, Vertical Farming, Commercial Greenhouse), By Product, By System, By Technology, By Installation, By Spectrum, And Segment Forecasts, 2022 - 2030
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Grow Light Market Growth & Trends:
The global grow light market size is anticipated to reach USD 14.31 billion by 2030, growing at a CAGR of 15.0%, 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 escalating urban population and lack of arable land around cities is expected to drive the market
- The plasma technology segment is expected to portray high growth rate with a CAGR of 21.9% over the projected period
- New installations and replacement lights, increasing urban cultivation, increasing vertical farming and government initiatives are expected to be the drivers of the market over the forecast period
- The Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the technological advancement and commercial vertical farms
Product Code: GVR-1-68038-891-6
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope & Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Grow Light- Industry Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3 Industry Outlook
- 3.1 Market Segmentation &Scope
- 3.2 Grow Light Market Size and Growth Prospects
- 3.3 Grow Light-Value Chain Analysis
- 3.4 Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 New installations and replacement lights
- 3.4.1.2 Increasing urban cultivation
- 3.4.1.3 Increasing indoor cultivation & vertical farming
- 3.4.1.4 Government initiatives to adopt energy-efficient LEDs
- 3.4.2 Market restraint analysis
- 3.4.2.1 High costs of energy-efficient grow lights
- 3.4.1 Market driver analysis
- 3.5 Key Opportunities - Prioritized
- 3.6 Grow Lights- Key Company Analysis, 2021
- 3.6.1 Key company analysis, 2021
- 3.6.2 List of Market Players
- 3.7 Industry Analysis - Porter's
- 3.8 Grow Light-PESTEL Analysis
- 3.9 COVID Impact Analysis on Grow Light Market
Chapter 4 Grow Light Market: Application Estimates & Trend Analysis
- 4.1 Grow Light Market: Application Movement Analysis, 2021 & 2030
- 4.2 Indoor Farming
- 4.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3 Vertical Farming
- 4.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4 Commercial Greenhouse
- 4.4.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5 Others
- 4.5.1 Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5 Grow Light Market: Product Estimates & Trend Analysis
- 5.1 Grow Light Market: Product Movement Analysis, 2021 & 2030
- 5.2 < 300 Watt
- 5.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3 > 300 Watt
- 5.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6 Grow Light Market: System Estimates & Trend Analysis
- 6.1 Grow Light Market: System Movement Analysis, 2021 & 2030
- 6.2 Hardware
- 6.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3 Software
- 6.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Grow Light Market: Technology Estimates & Trend Analysis
- 7.1 Grow Light Market: Technology Movement Analysis, 2021 & 2030
- 7.2 High Intensity Discharge (HID)
- 7.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3 LED
- 7.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4 Fluorescent
- 7.4.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5 Plasma
- 7.5.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 Grow Light Market: Installation Estimates & Trend Analysis
- 8.1 Grow Light Market: Installation Movement Analysis, 2021 & 2030
- 8.2 New Installation
- 8.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3 Retrofit
- 8.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9 Grow Light Market: Spectrum Estimates & Trend Analysis
- 9.1 Grow Light Market: Spectrum Movement Analysis, 2021 & 2030
- 9.2 Partial Spectrum
- 9.2.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3 Full Spectrum
- 9.3.1. Global market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 10 Grow Light Market: Regional Estimates & Trend Analysis
- 10.1 Grow light market share by region, 2017 & 2025
- 10.2 North America
- 10.2.1 North America market place: Key takeaways
- 10.2.1.1. NorthAmerica market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.2.2 U.S.
- 10.2.2.1. U.S. market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.2.3 Canada
- 10.2.3.1. Canada market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.2.4 Mexico
- 10.2.4.1.Mexico market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.2.1 North America market place: Key takeaways
- 10.3 Europe
- 10.3.1 Europe marketplace: Key takeaways
- 10.3.1.1. Europe market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.3.2 U.K.
- 10.3.2.1. U.K. market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.3.3 Germany
- 10.3.3.1. Germany market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.3.1 Europe marketplace: Key takeaways
- 10.4 Asia Pacific
- 10.4.1 Asia Pacific market place: Key takeaways
- 10.4.1.1. APAC market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.4.2 China
- 10.4.2.1. China market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.4.3 Japan
- 10.4.3.1. Japan market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.4.4 India
- 10.4.4.1. India market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.4.1 Asia Pacific market place: Key takeaways
- 10.5 South America
- 10.5.1 South America market place: Key takeaways
- 10.5.1.1. South America market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2 Brazil
- 10.5.2.1. Brazil market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.1 South America market place: Key takeaways
- 10.6 Middle East & Africa
- 10.6.1 MEA market place: Key takeaways
- 10.6.1.1. MEA market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.6.1 MEA market place: Key takeaways
Chapter 11 Competitive Landscape
- 11.1 AeroFarms
- 11.1.1 Company overview
- 11.1.2 Product benchmarking
- 11.2 EVERLIGHT ELECTRONICS CO., LTD.
- 11.2.1 Company overview
- 11.2.2 Financial performance
- 11.2.3 Product benchmarking
- 11.3 GAVITA Holland bv
- 11.3.1 Company overview
- 11.3.2 Product benchmarking
- 11.4 Heliospectra AB
- 11.4.1 Company overview
- 11.4.2 Financial Performance
- 11.4.3 Product benchmarking
- 11.4.4 Recent Developments
- 11.5 Hortilux Schreder
- 11.5.1 Company overview
- 11.5.2 Product benchmarking
- 11.6 Illumitex
- 11.6.1 Company overview
- 11.6.2 Product benchmarking
- 11.7 LumiGrow Inc
- 11.7.1 Company overview
- 11.7.2 Product benchmarking
- 11.7.3 Recent developments
- 11.8 Osram Licht AG
- 11.8.1 Company overview
- 11.8.2 Financial Performance
- 11.8.3 Product benchmarking
- 11.9 Philips Lighting
- 11.9.1 Company overview
- 11.9.2 Financial Performance
- 11.9.3 Product benchmarking
- 11.9.4 Recent Developments
- 11.10 Sunlight Supply, Inc.
- 11.10.1 Company overview
- 11.10.2 Product benchmarking
Product Code: GVR-1-68038-891-6
List of Tables
- TABLE 1 Grow Light - Industry snapshot & critical success factor, 2017 - 2030
- TABLE 2 Key company analysis
- TABLE 3 Global indoor farming market by region, (USD Million), 2017 - 2030
- TABLE 4 Global vertical farming market by region, 2017 - 2030 (USD Million)
- TABLE 5 Global commercial greenhouse market by region, 2017 - 2030 (USD Million)
- TABLE 6 Global < 300 watt market by region, 2017 - 2030 (USD Million)
- TABLE 7 Global > 300 Watt market by region, 2017 - 2030 (USD Million)
- TABLE 8 Global hardware market by region, 2017 - 2030 (USD Million)
- TABLE 9 Global software market by region, 2017 - 2030 (USD Million)
- TABLE 10 Global HID market by region, 2017 - 2030 (USD Million)
- TABLE 11 Global HID market by technology, 2017 - 2030 (USD Million)
- TABLE 12 Global LED market by region, 2017 - 2030 (USD Million)
- TABLE 13 Global fluorescent market by region, 2017 - 2030 (USD Million)
- TABLE 14 Global Fluorescent market by technology, 2017 - 2030 (USD Million)
- TABLE 15 Global plasma market by region, 2017 - 2030 (USD Million)
- TABLE 16 Global new installation market by region, 2017 - 2030 (USD Million)
- TABLE 17 Global retrofit market by region, 2017 - 2030 (USD Million)
- TABLE 18 Global partial spectrum market by region, 2017 - 2030 (USD Million)
- TABLE 19 Global full spectrum market by region, 2017 - 2030 (USD Million)
- TABLE 20 North America Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 21 North America Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 22 North America Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 23 North America Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 24 North America Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 25 North America Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 26 U.S. Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 27 U.S. Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 28 U.S. Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 29 U.S. Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 30 U.S. Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 31 U.S. Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 32 Canada Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 33 Canada Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 34 Canada Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 35 Canada Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 36 Canada Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 37 Canada Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 38 Mexico Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 39 Mexico Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 40 Mexico Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 41 Mexico Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 42 Mexico Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 43 Mexico Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 44 Europe Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 45 Europe Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 46 Europe Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 47 Europe Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 48 Europe Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 49 Europe Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 50 U.K. Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 51 U.K. Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 52 U.K. Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 53 U.K. Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 54 U.K. Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 55 U.K. Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 56 Germany Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 57 Germany Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 58 Germany Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 59 Germany Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 60 Germany Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 61 Germany Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 62 Asia Pacific Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 63 Asia Pacific Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 64 Asia Pacific Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 65 Asia Pacific Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 66 Asia Pacific Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 67 Asia Pacific Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 68 China Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 69 China Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 70 China Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 71 China Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 72 China Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 73 China Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 74 Japan Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 75 Japan Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 76 Japan Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 77 Japan Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 78 Japan Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 79 Japan Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 80 India Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 81 India Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 82 India Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 83 India Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 84 India Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 85 India Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 86 South America Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 87 South America Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 88 South America Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 89 South America Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 90 South America Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 91 South America Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 92 Brazil Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 93 Brazil Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 94 Brazil Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 95 Brazil Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 96 Brazil Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 97 Brazil Grow Light market by spectrum, 2017 - 2030 (USD Million)
- TABLE 98 MEA Grow Light market by application, 2017 - 2030 (USD Million)
- TABLE 99 MEA Grow Light market by product, 2017 - 2030 (USD Million)
- TABLE 100 MEA Grow Light market by system, 2017 - 2030 (USD Million)
- TABLE 101 MEA Grow Light market by technology, 2017 - 2030 (USD Million)
- TABLE 102 MEA Grow Light market by installation, 2017 - 2030 (USD Million)
- TABLE 103 MEA Grow Light market by spectrum, 2017 - 2030 (USD Million)
List of Figures
- FIG. 1 Market segmentation &scope
- FIG. 2 Grow Light market size and growth prospects (Revenue in USD Million) 2017 - 2030
- FIG. 3 Grow Light - Value chain analysis
- FIG. 4 Market dynamics
- FIG. 5 Key opportunities prioritized
- FIG. 6 Porter's five forces analysis
- FIG. 7 Grow Light- PESTEL analysis
- FIG. 8 Grow light market: Application movement analysis
- FIG. 9 Grow light market: Product movement analysis
- FIG. 10 Grow light market: System movement analysis
- FIG. 11 Grow light market: Technology movement analysis
- FIG. 12 Grow light market: Installation movement analysis
- FIG. 13 Grow light market: Spectrum movement analysis
- FIG. 14 Regional marketplace: Key takeaways
- FIG. 15 Regional outlook, 2021 & 2030
- FIG. 16 North America market place: Key takeaways
- FIG. 17 Europe market place: Key takeaways
- FIG. 18 Asia Pacific market place: Key takeaways
- FIG. 19 South America market place: Key takeaways
- FIG. 20 MEA market place: Key takeaways
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