Global Grow Light Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Grow Light Market is presumed to reach the market size of nearly USD 62.91 BN by 2030 from USD 4.42 BN in 2022 with a CAGR of 34.32% under the study period 2023 - 2030.

Grow Light refers to artificial light that helps to grow plants. These lights come with a spectrum of color that allows seven different types of color and intensity options to be used according to the plant's types. However, any light can help plant growth, yet not all lights are ideal for the purpose. Grow lights are perfect for cultivating indoor plants of different varieties throughout the year in any climate. They are an alternative to natural light and promote photosynthesis, an essential process of plant survival by which the plant converts light energy into chemical energy and receives fuel for growth. Grow light offers the kind of light plants need to develop and survive. Their intensity measures the effectiveness of grow lights to work on the individual requirements of each plant.

MARKET DYNAMICS:

The grow light market size is estimated to grow at a favorite rate in the forecast period from 2022 to 2030. The growing trend of urban cultivation, the popularity of vertical farming or indoor farming of plants, and the rising adoption of eco-friendly production of fruits and vegetables are factors contributing to the market's growth. Most importantly, grow light helps increase the length of natural daylight, which adds to the development, health, and production of the plants. The coming of LED lighting, high-pressure sodium lighting, and plasma lighting help the crops' availability throughout the seasons. The growing emphasis on the need for alternative farming due to the lack of fertile agricultural lands and together with the growth of the population will retain the demand for the grow lights in the coming years. The advantage of indoor farming over conventional farming over the rate of production boosts the market. Additionally, indoor farming can better protect the crops from harsh weather conditions by utilizing modern techniques such as controlled environment agriculture, which combines the use of controlled lights, artificial controlled environments by managing the temperature, use of fertilizers, etc. All these factors indicate a positive future for grow light.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of grow light. The growth and trends of grow light industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the grow light market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Offering

Hardware
Software And Services

By Lighting Type

Toplighting
Interlighting

By Installation Type

New Installations
Retrofit Installations

By Watt

<300 Watts
>300 Watts

By Application

Greenhouses
Vertical Farms
Indoor Farms
Research And Tissue Culture Laboratories

By Cultivated Plant

Fruits And Vegetables
Flowers
Cannabis

By Spectrum

Full Spectrum
Limited Spectrum

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Grow Light market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the grow light market include Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11218964

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . GROW LIGHT - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Offering
- 3.7.2 Market Attractiveness Analysis By Lighting Type
- 3.7.3 Market Attractiveness Analysis By Installation Type
- 3.7.4 Market Attractiveness Analysis By Watt
- 3.7.5 Market Attractiveness Analysis By Application
- 3.7.6 Market Attractiveness Analysis By Cultivated Plant
- 3.7.7 Market Attractiveness Analysis By Spectrum
- 3.7.8 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

6 . GLOBAL GROW LIGHT MARKET SALES BY OFFERING

6.1 Overview by Offering
6.2 Historical and Forecast Sales Data
6.3 Analysis by Offering
6.4 Hardware Historic and Forecast Sales by Regions
6.5 Software And Services Historic and Forecast Sales by Regions

7 . GLOBAL GROW LIGHT MARKET ANALYSIS BY LIGHTING TYPE

7.1 Overview by Lighting Type
7.2 Historical and Forecast Sales Data
7.3 Analysis by Lighting Type
7.4 Toplighting Historic and Forecast Sales by Regions
7.5 Interlighting Historic and Forecast Sales by Regions

8 . GLOBAL GROW LIGHT MARKET ANALYSIS BY INSTALLATION TYPE

8.1 Overview by Installation Type
8.2 Historical and Forecast Sales Data
8.3 Analysis by Installation Type
8.4 New Installations Historic and Forecast Sales by Regions
8.5 Retrofit Installations Historic and Forecast Sales by Regions

9 . GLOBAL GROW LIGHT MARKET ANALYSIS BY WATT

9.1 Overview by Watt
9.2 Historical and Forecast Sales Data
9.3 Analysis by Watt
9.4 <300 Watts Historic and Forecast Sales by Regions
9.5 >300 Watts Historic and Forecast Sales by Regions

10 . GLOBAL GROW LIGHT MARKET ANALYSIS BY APPLICATION

10.1 Overview by Application
10.2 Historical and Forecast Sales Data
10.3 Analysis by Application
10.4 Greenhouses Historic and Forecast Sales by Regions
10.5 Vertical Farms Historic and Forecast Sales by Regions
10.6 Indoor Farms Historic and Forecast Sales by Regions
10.7 Research And Tissue Culture Laboratories Historic and Forecast Sales by Regions

11 . GLOBAL GROW LIGHT MARKET ANALYSIS BY CULTIVATED PLANT

11.1 Overview by Cultivated Plant
11.2 Historical and Forecast Sales Data
11.3 Analysis by Cultivated Plant
11.4 Fruits And Vegetables Historic and Forecast Sales by Regions
11.5 Flowers Historic and Forecast Sales by Regions
11.6 Cannabis Historic and Forecast Sales by Regions

12 . GLOBAL GROW LIGHT MARKET ANALYSIS BY SPECTRUM

12.1 Overview by Spectrum
12.2 Historical and Forecast Sales Data
12.3 Analysis by Spectrum
12.4 Full Spectrum Historic and Forecast Sales by Regions
12.5 Limited Spectrum Historic and Forecast Sales by Regions

13 . GLOBAL GROW LIGHT MARKET ANALYSIS BY GEOGRAPHY

13.1. Regional Outlook
13.2. Introduction
13.3. North America Sales Analysis
- 13.3.1. Overview, Historic and Forecast Data Sales Analysis
- 13.3.2. North America By Segment Sales Analysis
- 13.3.3. North America By Country Sales Analysis
- 13.3.4. United State Sales Analysis
- 13.3.5. Canada Sales Analysis
- 13.3.6. Mexico Sales Analysis
13.4. Europe Sales Analysis
- 13.4.1. Overview, Historic and Forecast Data Sales Analysis
- 13.4.2. Europe by Segment Sales Analysis
- 13.4.3. Europe by Country Sales Analysis
- 13.4.4. United Kingdom Sales Analysis
- 13.4.5. France Sales Analysis
- 13.4.6. Germany Sales Analysis
- 13.4.7. Italy Sales Analysis
- 13.4.8. Russia Sales Analysis
- 13.4.9. Rest Of Europe Sales Analysis
13.5. Asia Pacific Sales Analysis
- 13.5.1. Overview, Historic and Forecast Data Sales Analysis
- 13.5.2. Asia Pacific by Segment Sales Analysis
- 13.5.3. Asia Pacific by Country Sales Analysis
- 13.5.4. China Sales Analysis
- 13.5.5. India Sales Analysis
- 13.5.6. Japan Sales Analysis
- 13.5.7. South Korea Sales Analysis
- 13.5.8. Australia Sales Analysis
- 13.5.9. Rest Of Asia Pacific Sales Analysis
13.6. Latin America Sales Analysis
- 13.6.1. Overview, Historic and Forecast Data Sales Analysis
- 13.6.2. Latin America by Segment Sales Analysis
- 13.6.3. Latin America by Country Sales Analysis
- 13.6.4. Brazil Sales Analysis
- 13.6.5. Argentina Sales Analysis
- 13.6.6. Peru Sales Analysis
- 13.6.7. Chile Sales Analysis
- 13.6.8. Rest of Latin America Sales Analysis
13.7. Middle East & Africa Sales Analysis
- 13.7.1. Overview, Historic and Forecast Data Sales Analysis
- 13.7.2. Middle East & Africa by Segment Sales Analysis
- 13.7.3. Middle East & Africa by Country Sales Analysis
- 13.7.4. Saudi Arabia Sales Analysis
- 13.7.5. UAE Sales Analysis
- 13.7.6. Israel Sales Analysis
- 13.7.7. South Africa Sales Analysis
- 13.7.8. Rest Of Middle East And Africa Sales Analysis

14 . COMPETITIVE LANDSCAPE OF THE GROW LIGHT COMPANIES

14.1. Grow Light Market Competition
14.2. Partnership/Collaboration/Agreement
14.3. Merger And Acquisitions
14.4. New Product Launch
14.5. Other Developments

15 . COMPANY PROFILES OF GROW LIGHT INDUSTRY

15.1. Company Share Analysis
15.2. Market Concentration Rate
15.3. Signify Holding (NetherlAnds)
- 15.3.1. Company Overview
- 15.3.2. Company Revenue
- 15.3.3. Products
- 15.3.4. Recent Developments
15.4. OSRAM (Germany)
- 15.4.1. Company Overview
- 15.4.2. Company Revenue
- 15.4.3. Products
- 15.4.4. Recent Developments
15.5. Gavita (NetherlAnds)
- 15.5.1. Company Overview
- 15.5.2. Company Revenue
- 15.5.3. Products
- 15.5.4. Recent Developments
15.6. Valoya (FinlAnd)
- 15.6.1. Company Overview
- 15.6.2. Company Revenue
- 15.6.3. Products
- 15.6.4. Recent Developments
15.7. California Lightworks (US)
- 15.7.1. Company Overview
- 15.7.2. Company Revenue
- 15.7.3. Products
- 15.7.4. Recent Developments
15.8. Helliospectra AB (Sweden)
- 15.8.1. Company Overview
- 15.8.2. Company Revenue
- 15.8.3. Products
- 15.8.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies