The global grow lights market is expected to grow at a CAGR of around 10.9% during 2024-2033. This report on global grow lights market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global grow lights market by segmenting the market based on light source, offering, lighting type, installation type, watt, application, spectrum, sales channel and region. Also, detailed profiles of companies operating in the grow lights market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Energy-efficiency and Longer Life
• Increasing Government Support for Controlled-Environment Agriculture
Market Challenges
• High Setup and Installation Costs
• Absence of Standard Testing Practices for Accessing Product Quality
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Light Source
• High-intensity Discharge (HID) Lights
• Light Emitting Diodes
• Fluorescent Lights
• Other Light Sources
Market by Offering
• Hardware
• Software and Services
Market by Lighting Type
• Toplighting
• Interlighting
Market by Installation Type
• Retrofit Installations
• New installations
Market by Watt
• <300 Watts
• >300 Watts
Market by Application
• Greenhouses
• Vertical Farms
• Indoor Farms
• Research and Tissue Culture Laboratories
• Others
Market by Spectrum
• Full Spectrum
• Limited Spectrum
Market by Sales Channel
• Distribution Channels
• E-commerce Channels
• Direct Sales Channels
Market by Region
• Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
• North America
- United States
- Canada
• Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
• Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
• Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa