PUBLISHER: TechNavio | PRODUCT CODE: 1911058
PUBLISHER: TechNavio | PRODUCT CODE: 1911058
The global grow light market is forecasted to grow by USD 19565.8 mn during 2025-2030, accelerating at a CAGR of 22.6% during the forecast period. The report on the global grow light market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of urban agriculture, advances in led lighting technology for horticultural applications, need to improve yield of crops and reduce crop wastage.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2026 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 19.5% |
| CAGR | 22.6% |
| Incremental Value | $19565.8 mn |
Technavio's global grow light market is segmented as below:
By Application
By Product
By Power Rating
Geography
This study identifies the application of grow lights in plant disease detection and monitoring as one of the prime reasons driving the global grow light market growth during the next few years. Also, rising popularity of hydroponic and soil free farming systems and rising prominence of iot in grow light technology will lead to sizable demand in the market.
The report on the global grow light market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global grow light market vendors that include Aerogrow International Inc., Agnetix, Altos India Limited, Black Dog Grow Technologies Inc., California LightWorks, Crecer Lighting, EconoLux Industries Ltd., EVERLIGHT ELECTRONICS CO. LTD., General Electric Co., Heliospectra AB, Koninklijke Philips NV, Lemnis Oreon BV, OSRAM GmbH, Sanan Optoelectronics Co. Ltd., SANANBIO, Signify NV, Thrive Agritech, ViparSpectra. Also, the global grow light market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.