PUBLISHER: Grand View Research | PRODUCT CODE: 1511938
PUBLISHER: Grand View Research | PRODUCT CODE: 1511938
North America Cannabis Grow Lights Market Size, Share & Trends Analysis Report By Product (Light-Emitting Diode, High-Intensity Discharge Lamps), By Cultivation (Indoor, Greenhouse), By Country, And Segment Forecasts, 2024 - 2030
North America Cannabis Grow Lights Market Growth & Trends:
The North America cannabis grow lights market size is expected to reach USD 2.17 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Grow light helps extend the hours of natural daylight, increasing the plants' health, growth rate, and yield. Artificial lighting, such as LED lighting, high-pressure sodium, and fluorescent lighting, is used for indoor cannabis cultivation. Rising awareness regarding the importance of alternative farming, owing to the low availability of fertile agricultural land, is one of the key factors anticipated to boost market growth.
Moreover, increased legalization of cannabis in North America, specifically in the U.S. states, fuels the market growth. For instance, as of April 2023, 38 U.S. states, the District of Columbia, and three territories have legalized cannabis for medical purposes, and 24 states, the District of Columbia, and two territories have legalized cannabis for recreational use. In addition, in June 2021, Mexico's Supreme Court legalized cannabis for recreational purposes.
Modern LED grow lights are equipped with sophisticated functionalities, including monitoring and controlling settings remotely, allowing cultivators to adjust lighting parameters precisely in real-time. Through smartphone applications or cloud-based platforms, cultivators can adjust spectrum, light intensity, and photoperiods to optimize plant growth and respond to changing environmental conditions. This level of control and precision empowers cultivators to minimize input costs, optimize resource utilization, and maximize yields.
Moreover, the growing adoption of grow lights for indoor and greenhouse cannabis cultivation fuels the market growth. For instance, according to research conducted by Cannabis Business Times and Fluence, 76% of participants reported using "High Pressure Sodium Bulbs" for vegetation and 73% for flowering in 2023 for cannabis cultivation.
Some of the key players in the market are Valoya, Heliospectra, Kind LED Grow Lights, VIVOSUN, California LightWorks, Biological Innovation and Optimization Systems, LLC, ViparSpectra, Mars Hydro, Hydrobuilder.com, and Hydrofarm. Players are adopting key strategic initiatives to expand their business footprint and grow their clientele. For instance, in January 2024, Active Grow, a provider of horticultural lighting solutions, launched the LoPro Max 3.0 LED Grow Lights, which are available in 650W and 800W models. It features the Sun White Pro + Spectrum, developed for vegetative to flowering stages for commercial cultivation.
North America Cannabis Grow Lights Market Report Highlights:
- Based on product, the light-emitting diode (LED) segment dominated the market in 2023. LED grow lights for cannabis run significantly cool, reducing the risk of plant stress and the need for extra ventilation expenses. They are also lightweight and don't need bulky ballast
- Based on cultivation, the indoor cultivation segment dominated the market in 2023. The growth is driven by the growing legalization of cannabis for indoor cultivation
- The U.S. dominated the North American market with the highest revenue share in 2023. Cannabis is used in the pharmaceutical, cosmetic, and food & beverage industries in the U.S.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment scope
- 1.1.2. Country scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.1.1. Approach 1: Commodity flow approach
- 1.6.1. Commodity flow analysis (Model 1)
- 1.7. Research Assumptions
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Cultivation outlook
- 2.3. Competitive Insights
Chapter 3. North America Cannabis Grow Lights Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Cannabis Grow Lights: Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.2. PESTLE Analysis
- 3.4. Case Study Analysis
Chapter 4. North America Cannabis Grow Lights Market Segment Analysis, By Product, 2018 - 2030 (USD Million)
- 4.1. Definition and Scope
- 4.2. Product Market Share Analysis, 2023 & 2030
- 4.3. Segment Dashboard
- 4.4. North America cannabis grow lights market, by product, 2018 to 2030
- 4.5. Light-emitting diode (LED) Lights
- 4.5.1. Light-emitting diode (LED) Lights market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. High-intensity discharge (HID) Lamps/Lights
- 4.6.1. High-intensity discharge (HID) Lamps/Lights market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6.2. High Pressure Sodium Bulbs
- 4.6.2.1. High Pressure Sodium Bulbs market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6.3. Metal-halide (MH) Lights
- 4.6.3.1. Metal-halide (MH) Lights market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Fluorescent Lights/Lamps
- 4.7.1. Fluorescent Lights/Lamps market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.2. T5 Fluorescent Grow Lights/Lamps
- 4.7.2.1. T5 Fluorescent Grow Lights/Lamps market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.3. Compact Fluorescent Light/ Lamp (CFL)
- 4.7.3.1. Compact Fluorescent Light/ Lamp (CFL) market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Ceramic metal-halide (CMH) Lights
- 4.8.1. Ceramic metal-halide (CMH) Lights market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Cannabis grow lights Market Segment Analysis, By Cultivation, 2018 - 2030 (USD Million)
- 5.1. Definition and Scope
- 5.2. Cultivation Market Share Analysis, 2023 & 2030
- 5.3. Segment Dashboard
- 5.4. North America cannabis grow lights market, by cultivation, 2018 to 2030
- 5.5. Indoor Cultivation
- 5.5.1. Indoor Cultivation market estimates and forecasts, 2018 to 2030 (USD million)
- 5.6. Greenhouse Cultivation
- 5.6.1. Greenhouse Cultivation market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Cannabis grow lights Market Segment Analysis, By Region, By Product, By Cultivation, 2018- 2030 (USD Million)
- 6.1. Regional Market Share Analysis, 2023 & 2030
- 6.2. Regional Market Dashboard
- 6.3. Regional Market Snapshot
- 6.4. Cannabis Grow Lights Market Share by Region, 2023 & 2030:
- 6.5. North America
- 6.5.1. North America cannabis grow lights market, 2018 - 2030 (USD Million)
- 6.5.2. U.S.
- 6.5.2.1. U.S. cannabis grow lights market, 2018 - 2030 (USD Million)
- 6.5.3. Canada
- 6.5.3.1. Canada cannabis grow lights market, 2018 - 2030 (USD Million)
- 6.5.4. Mexico
- 6.5.4.1. Mexico cannabis grow lights market, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Profiles
- 7.3.1. Koninklijke Philips N.V.
- 7.3.1.1. Company overview
- 7.3.1.2. Financial performance
- 7.3.1.3. Product benchmarking
- 7.3.1.4. Strategic initiatives
- 7.3.2. Valoya
- 7.3.2.1. Company overview
- 7.3.2.2. Financial performance
- 7.3.2.3. Product benchmarking
- 7.3.2.4. Strategic initiatives
- 7.3.3. Heliospectra
- 7.3.3.1. Company overview
- 7.3.3.2. Financial performance
- 7.3.3.3. Product benchmarking
- 7.3.3.4. Strategic initiatives
- 7.3.4. Kind LED Grow Lights
- 7.3.4.1. Company overview
- 7.3.4.2. Financial performance
- 7.3.4.3. Product benchmarking
- 7.3.4.4. Strategic initiatives
- 7.3.5. VIVOSUN
- 7.3.5.1. Company overview
- 7.3.5.2. Financial performance
- 7.3.5.3. Product benchmarking
- 7.3.5.4. Strategic initiatives
- 7.3.6. California LightWorks
- 7.3.6.1. Company overview
- 7.3.6.2. Financial performance
- 7.3.6.3. Product benchmarking
- 7.3.6.4. Strategic initiatives
- 7.3.7. Biological Innovation and Optimization Systems, LLC.
- 7.3.7.1. Company overview
- 7.3.7.2. Financial performance
- 7.3.7.3. Product benchmarking
- 7.3.7.4. Strategic initiatives
- 7.3.8. ViparSpectra
- 7.3.8.1. Company overview
- 7.3.8.2. Financial performance
- 7.3.8.3. Product benchmarking
- 7.3.8.4. Strategic initiatives
- 7.3.9. Mars Hydro
- 7.3.9.1. Company overview
- 7.3.9.2. Financial performance
- 7.3.9.3. Product benchmarking
- 7.3.9.4. Strategic initiatives
- 7.3.10. Hydrobuilder.com
- 7.3.10.1. Company overview
- 7.3.10.2. Financial performance
- 7.3.10.3. Product benchmarking
- 7.3.10.4. Strategic initiatives
- 7.3.11. Hydrofarm
- 7.3.11.1. Company overview
- 7.3.11.2. Financial performance
- 7.3.11.3. Product benchmarking
- 7.3.11.4. Strategic initiatives
- 7.3.12. Active Grow
- 7.3.12.1. Company overview
- 7.3.12.2. Financial performance
- 7.3.12.3. Product benchmarking
- 7.3.12.4. Strategic initiatives
- 7.3.13. Thrive Agritech
- 7.3.13.1. Company overview
- 7.3.13.2. Financial performance
- 7.3.13.3. Product benchmarking
- 7.3.13.4. Strategic initiatives
- 7.3.1. Koninklijke Philips N.V.
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
- Table 3 North America cannabis grow lights market, by region, 2018 - 2030 (USD Million)
- Table 4 North America cannabis grow lights market, by product, 2018 - 2030 (USD Million)
- Table 5 North America cannabis grow lights market, by cultivation, 2018 - 2030 (USD Million)
- Table 6 U.S. cannabis grow lights market, by product, 2018 - 2030 (USD Million)
- Table 7 U.S. cannabis grow lights market, by cultivation, 2018 - 2030 (USD Million)
- Table 8 Canada cannabis grow lights market, by product, 2018 - 2030 (USD Million)
- Table 9 Canada cannabis grow lights market, by cultivation, 2018 - 2030 (USD Million)
- Table 10 Mexico cannabis grow lights market, by product, 2018 - 2030 (USD Million)
- Table 11 Mexico cannabis grow lights market, by cultivation, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Cannabis grow lights market: outlook
- Fig. 9 Cannabis grow lights competitive insights
- Fig. 10 Ancillary market outlook
- Fig. 11 Cannabis grow lights market driver impact
- Fig. 12 Cannabis grow lights market restraint impact
- Fig. 13 Porter's Analysis
- Fig. 14 PESTLE Analysis
- Fig. 15 Cannabis grow lights market: Product movement analysis
- Fig. 16 Cannabis grow lights market: Product outlook and key takeaways
- Fig. 17 Light-emitting diode (LED) Lights market estimates and forecast, 2018 - 2030
- Fig. 18 High-intensity discharge (HID) Lamps/Lights market estimates and forecast, 2018 - 2030
- Fig. 19 High Pressure Sodium Bulbs market estimates and forecast, 2018 - 2030
- Fig. 20 Metal-halide (MH) Lights market estimates and forecast, 2018 - 2030
- Fig. 21 Fluorescent Lights/Lamps market estimates and forecast, 2018 - 2030
- Fig. 22 T5 Fluorescent Grow Lights/Lamps market estimates and forecast, 2018 - 2030
- Fig. 23 Compact Fluorescent Light/ Lamp (CFL) market estimates and forecast, 2018 - 2030
- Fig. 24 Ceramic metal-halide (CMH) Lights market estimates and forecast, 2018 - 2030
- Fig. 25 Cannabis grow lights market: Cultivation movement analysis
- Fig. 26 Cannabis grow lights market: Cultivation outlook and key takeaways
- Fig. 27 Indoor Cultivation market estimates and forecasts, 2018 - 2030
- Fig. 28 Greenhouse Cultivation market estimates and forecasts,2018 - 2030
- Fig. 29 North America cannabis grow lights market: Regional movement analysis
- Fig. 30 North America cannabis grow lights market: Regional outlook and key takeaways
- Fig. 31 North America cannabis grow lights market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Key country dynamics
- Fig. 33 U.S. cannabis grow lights market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Key country dynamics
- Fig. 35 Canada cannabis grow lights market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Key country dynamics
- Fig. 37 Mexico cannabis grow lights market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Key company categorization
- Fig. 39 Heat map analysis, 2022 - 2023
