Grow Light Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Light Source Type, By Spectrum Type, By Application, By Region, By Competition, 2020-2030F

Description

The Global Grow Light Market, valued at USD 5.02 Billion in 2024, is projected to experience a CAGR of 17.5% to reach USD 13.21 Billion by 2030. Grow lights are electric illumination systems specifically engineered to promote plant growth by providing tailored light spectrums essential for photosynthesis, often utilized in settings where natural light is insufficient or absent. The market's expansion is predominantly supported by the increasing global demand for fresh, locally sourced produce year-round and the widespread adoption of controlled environment agriculture, including vertical and indoor farming, which enables cultivation irrespective of external climate conditions.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 5.02 Billion
Market Size 2030	USD 13.21 Billion
CAGR 2025-2030	17.5%
Fastest Growing Segment	LED grow lights
Largest Market	North America

Key Market Drivers

The global grow light market is significantly propelled by two primary factors: the extensive adoption of controlled environment agriculture (CEA) and ongoing advancements in LED grow light technology. The expansion of CEA, which includes vertical farms and sophisticated greenhouses, directly fuels the demand for specialized artificial lighting systems. These environments enable year-round crop production and optimize resource utilization, driving substantial investment into their development.

Key Market Challenges

The substantial initial capital investment required for advanced grow light systems and associated infrastructure represents a significant impediment to the growth of the Global Grow Light Market. This considerable upfront cost establishes a financial barrier for growers, particularly for large-scale operations, thereby limiting broader adoption and market penetration of these technologies. Growers evaluating entry into controlled environment agriculture or expansion of existing facilities may defer or abandon plans due to the high capital expenditure.

Key Market Trends

The integration of smart automation and Artificial Intelligence within grow light systems represents a significant trend reshaping the global grow light market. This trend is driven by the increasing need for precision agriculture to optimize crop yields and resource utilization in controlled environments. Intelligent grow light systems leverage AI algorithms to analyze real-time data on plant health, growth rates, and environmental conditions, automatically adjusting light intensity, duration, and spectrum to meet specific plant requirements. This level of dynamic control enhances efficiency and reduces manual labor, making cultivation more scalable and predictable.

Key Market Players

Signify N.V
Osram Licht AG
Cree, Inc.
Savant Systems Inc
Illumitex, Inc
Heliospectra AB
Spectrum King, LLC
Valoya Inc.
LeMillionis Oreon BV
Gavita International B.V

Report Scope:

In this report, the Global Grow Light Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Grow Light Market, By Light Source Type:

LED Grow Lights
High-Intensity Discharge (HID) Grow Lights
Fluorescent Grow Lights
Others

Grow Light Market, By Spectrum Type:

Full Spectrum
Broad Spectrum
Narrow Spectrum

Grow Light Market, By Application:

Indoor Farming
Greenhouses
Vertical Farming
Cannabis Cultivation
Hydroponics
Others

Grow Light Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Grow Light Market.

Available Customizations:

Global Grow Light Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Grow Light Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Light Source Type (LED Grow Lights, High-Intensity Discharge (HID) Grow Lights, Fluorescent Grow Lights, Others)
- 5.2.2. By Spectrum Type (Full Spectrum, Broad Spectrum, Narrow Spectrum)
- 5.2.3. By Application (Indoor Farming, Greenhouses, Vertical Farming, Cannabis Cultivation, Hydroponics, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Grow Light Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Light Source Type
- 6.2.2. By Spectrum Type
- 6.2.3. By Application
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Grow Light Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Light Source Type
    - 6.3.1.2.2. By Spectrum Type
    - 6.3.1.2.3. By Application
- 6.3.2. Canada Grow Light Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Light Source Type
    - 6.3.2.2.2. By Spectrum Type
    - 6.3.2.2.3. By Application
- 6.3.3. Mexico Grow Light Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Light Source Type
    - 6.3.3.2.2. By Spectrum Type
    - 6.3.3.2.3. By Application

7. Europe Grow Light Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Light Source Type
- 7.2.2. By Spectrum Type
- 7.2.3. By Application
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Grow Light Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Light Source Type
    - 7.3.1.2.2. By Spectrum Type
    - 7.3.1.2.3. By Application
- 7.3.2. France Grow Light Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Light Source Type
    - 7.3.2.2.2. By Spectrum Type
    - 7.3.2.2.3. By Application
- 7.3.3. United Kingdom Grow Light Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Light Source Type
    - 7.3.3.2.2. By Spectrum Type
    - 7.3.3.2.3. By Application
- 7.3.4. Italy Grow Light Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Light Source Type
    - 7.3.4.2.2. By Spectrum Type
    - 7.3.4.2.3. By Application
- 7.3.5. Spain Grow Light Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Light Source Type
    - 7.3.5.2.2. By Spectrum Type
    - 7.3.5.2.3. By Application

8. Asia Pacific Grow Light Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Light Source Type
- 8.2.2. By Spectrum Type
- 8.2.3. By Application
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Grow Light Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Light Source Type
    - 8.3.1.2.2. By Spectrum Type
    - 8.3.1.2.3. By Application
- 8.3.2. India Grow Light Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Light Source Type
    - 8.3.2.2.2. By Spectrum Type
    - 8.3.2.2.3. By Application
- 8.3.3. Japan Grow Light Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Light Source Type
    - 8.3.3.2.2. By Spectrum Type
    - 8.3.3.2.3. By Application
- 8.3.4. South Korea Grow Light Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Light Source Type
    - 8.3.4.2.2. By Spectrum Type
    - 8.3.4.2.3. By Application
- 8.3.5. Australia Grow Light Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Light Source Type
    - 8.3.5.2.2. By Spectrum Type
    - 8.3.5.2.3. By Application

9. Middle East & Africa Grow Light Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Light Source Type
- 9.2.2. By Spectrum Type
- 9.2.3. By Application
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Grow Light Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Light Source Type
    - 9.3.1.2.2. By Spectrum Type
    - 9.3.1.2.3. By Application
- 9.3.2. UAE Grow Light Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Light Source Type
    - 9.3.2.2.2. By Spectrum Type
    - 9.3.2.2.3. By Application
- 9.3.3. South Africa Grow Light Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Light Source Type
    - 9.3.3.2.2. By Spectrum Type
    - 9.3.3.2.3. By Application

10. South America Grow Light Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Light Source Type
- 10.2.2. By Spectrum Type
- 10.2.3. By Application
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Grow Light Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Light Source Type
    - 10.3.1.2.2. By Spectrum Type
    - 10.3.1.2.3. By Application
- 10.3.2. Colombia Grow Light Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Light Source Type
    - 10.3.2.2.2. By Spectrum Type
    - 10.3.2.2.3. By Application
- 10.3.3. Argentina Grow Light Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Light Source Type
    - 10.3.3.2.2. By Spectrum Type
    - 10.3.3.2.3. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Grow Light Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Signify N.V
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Osram Licht AG
15.3. Cree, Inc.
15.4. Savant Systems Inc
15.5. Illumitex, Inc
15.6. Heliospectra AB
15.7. Spectrum King, LLC
15.8. Valoya Inc.
15.9. LeMillionis Oreon BV
15.10. Gavita International B.V