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Synopsis
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
The global Grow Light market was valued at US$ 4504.3 million in 2023 and is anticipated to reach US$ 9614.6 million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
North American market for Grow Light is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Grow Light is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Grow Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grow Light.
Report Scope
The Grow Light market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grow Light market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grow Light manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Segment by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grow Light manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grow Light by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grow Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
The global Grow Light market was valued at US$ 4504.3 million in 2023 and is anticipated to reach US$ 9614.6 million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
North American market for Grow Light is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Grow Light is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Grow Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grow Light.
Report Scope
The Grow Light market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grow Light market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grow Light manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Segment by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grow Light manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grow Light by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grow Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Grow Light Market Overview
1.1 Product Definition
1.2 Grow Light Segment by Type
1.2.1 Global Grow Light Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 High Intensity Discharge(HID)
1.2.3 LED
1.2.4 Fluorescent
1.2.5 Plasma
1.3 Grow Light Segment by Application
1.3.1 Global Grow Light Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Indoor Farming
1.3.3 Vertical Farming
1.3.4 Commercial Greenhouse
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Grow Light Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Grow Light Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Grow Light Production Estimates and Forecasts (2019-2030)
1.4.4 Global Grow Light Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grow Light Production Market Share by Manufacturers (2019-2024)
2.2 Global Grow Light Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Grow Light, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Grow Light Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Grow Light Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Grow Light, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grow Light, Product Offered and Application
2.8 Global Key Manufacturers of Grow Light, Date of Enter into This Industry
2.9 Grow Light Market Competitive Situation and Trends
2.9.1 Grow Light Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grow Light Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grow Light Production by Region
3.1 Global Grow Light Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Grow Light Production Value by Region (2019-2030)
3.2.1 Global Grow Light Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Grow Light by Region (2025-2030)
3.3 Global Grow Light Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Grow Light Production by Region (2019-2030)
3.4.1 Global Grow Light Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Grow Light by Region (2025-2030)
3.5 Global Grow Light Market Price Analysis by Region (2019-2024)
3.6 Global Grow Light Production and Value, Year-over-Year Growth
3.6.1 North America Grow Light Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Grow Light Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Grow Light Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Grow Light Production Value Estimates and Forecasts (2019-2030)
4 Grow Light Consumption by Region
4.1 Global Grow Light Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Grow Light Consumption by Region (2019-2030)
4.2.1 Global Grow Light Consumption by Region (2019-2024)
4.2.2 Global Grow Light Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Grow Light Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Grow Light Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grow Light Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Grow Light Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Grow Light Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Grow Light Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grow Light Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Grow Light Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Grow Light Production by Type (2019-2030)
5.1.1 Global Grow Light Production by Type (2019-2024)
5.1.2 Global Grow Light Production by Type (2025-2030)
5.1.3 Global Grow Light Production Market Share by Type (2019-2030)
5.2 Global Grow Light Production Value by Type (2019-2030)
5.2.1 Global Grow Light Production Value by Type (2019-2024)
5.2.2 Global Grow Light Production Value by Type (2025-2030)
5.2.3 Global Grow Light Production Value Market Share by Type (2019-2030)
5.3 Global Grow Light Price by Type (2019-2030)
6 Segment by Application
6.1 Global Grow Light Production by Application (2019-2030)
6.1.1 Global Grow Light Production by Application (2019-2024)
6.1.2 Global Grow Light Production by Application (2025-2030)
6.1.3 Global Grow Light Production Market Share by Application (2019-2030)
6.2 Global Grow Light Production Value by Application (2019-2030)
6.2.1 Global Grow Light Production Value by Application (2019-2024)
6.2.2 Global Grow Light Production Value by Application (2025-2030)
6.2.3 Global Grow Light Production Value Market Share by Application (2019-2030)
6.3 Global Grow Light Price by Application (2019-2030)
7 Key Companies Profiled
7.1 AeroFarms
7.1.1 AeroFarms Grow Light Corporation Information
7.1.2 AeroFarms Grow Light Product Portfolio
7.1.3 AeroFarms Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.1.4 AeroFarms Main Business and Markets Served
7.1.5 AeroFarms Recent Developments/Updates
7.2 Royal Philips
7.2.1 Royal Philips Grow Light Corporation Information
7.2.2 Royal Philips Grow Light Product Portfolio
7.2.3 Royal Philips Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Royal Philips Main Business and Markets Served
7.2.5 Royal Philips Recent Developments/Updates
7.3 General Electric
7.3.1 General Electric Grow Light Corporation Information
7.3.2 General Electric Grow Light Product Portfolio
7.3.3 General Electric Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.3.4 General Electric Main Business and Markets Served
7.3.5 General Electric Recent Developments/Updates
7.4 Osram Licht
7.4.1 Osram Licht Grow Light Corporation Information
7.4.2 Osram Licht Grow Light Product Portfolio
7.4.3 Osram Licht Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Osram Licht Main Business and Markets Served
7.4.5 Osram Licht Recent Developments/Updates
7.5 Gavita Holland
7.5.1 Gavita Holland Grow Light Corporation Information
7.5.2 Gavita Holland Grow Light Product Portfolio
7.5.3 Gavita Holland Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Gavita Holland Main Business and Markets Served
7.5.5 Gavita Holland Recent Developments/Updates
7.6 Lumigrow
7.6.1 Lumigrow Grow Light Corporation Information
7.6.2 Lumigrow Grow Light Product Portfolio
7.6.3 Lumigrow Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Lumigrow Main Business and Markets Served
7.6.5 Lumigrow Recent Developments/Updates
7.7 Heliospectra
7.7.1 Heliospectra Grow Light Corporation Information
7.7.2 Heliospectra Grow Light Product Portfolio
7.7.3 Heliospectra Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Heliospectra Main Business and Markets Served
7.7.5 Heliospectra Recent Developments/Updates
7.8 Iwasaki Electric
7.8.1 Iwasaki Electric Grow Light Corporation Information
7.8.2 Iwasaki Electric Grow Light Product Portfolio
7.8.3 Iwasaki Electric Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Iwasaki Electric Main Business and Markets Served
7.7.5 Iwasaki Electric Recent Developments/Updates
7.9 Illumitex
7.9.1 Illumitex Grow Light Corporation Information
7.9.2 Illumitex Grow Light Product Portfolio
7.9.3 Illumitex Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Illumitex Main Business and Markets Served
7.9.5 Illumitex Recent Developments/Updates
7.10 Hortilux Schreder
7.10.1 Hortilux Schreder Grow Light Corporation Information
7.10.2 Hortilux Schreder Grow Light Product Portfolio
7.10.3 Hortilux Schreder Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Hortilux Schreder Main Business and Markets Served
7.10.5 Hortilux Schreder Recent Developments/Updates
7.11 Sunlight Supply
7.11.1 Sunlight Supply Grow Light Corporation Information
7.11.2 Sunlight Supply Grow Light Product Portfolio
7.11.3 Sunlight Supply Grow Light Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Sunlight Supply Main Business and Markets Served
7.11.5 Sunlight Supply Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grow Light Industry Chain Analysis
8.2 Grow Light Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grow Light Production Mode & Process
8.4 Grow Light Sales and Marketing
8.4.1 Grow Light Sales Channels
8.4.2 Grow Light Distributors
8.5 Grow Light Customers
9 Grow Light Market Dynamics
9.1 Grow Light Industry Trends
9.2 Grow Light Market Drivers
9.3 Grow Light Market Challenges
9.4 Grow Light Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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