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Cannabis Lighting-Global Market Insights and Sales Trends 2024
Synopsis
The North American Cannabis lighting market is one of the most exciting potential markets for packaged LEDs today. It is the fastest growing sector within the global horticultural lighting market and will continue to have a massive impact on the market for the foreseeable future. Incumbent lighting technologies, including high pressure sodium, metal halide and fluorescent to name a few, are being replaced in large quantities by with LED. While energy efficiency continues to be a factor, additional benefits, namely increased plant productivity is the main drivers behind this growth in the market.
The global Cannabis Lighting market size is expected to reach US$ 8766.9 million by 2029, growing at a CAGR of 8.6% from 2023 to 2029. The market is mainly driven by the significant applications of Cannabis Lighting in various end use industries. The expanding demands from the Commercial Greenhouses, Indoor Grow Facilities and Research Applications,, are propelling Cannabis Lighting market. Light Emitting Diodes (LEDs), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fluorescent Light segment is estimated at % CAGR for the next seven-year period.
Plant extracts industry as a whole is still in a rapid development stage, with people's pursuit of natural green and health, the future of new varieties of plant extracts and applications will continue to be developed, specialization and refinement of the requirements of the gradual increase in industry concentration will gradually increase. With the gradual growth of China's traditional Chinese medicine industry and food industry, the market scale of China's plant extract industry will also continue to expand. Based on our research, the market size of China's plant extract industry will grow at a CAGR of 10% from 2023 to 2028.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cannabis Lighting, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cannabis Lighting market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cannabis Lighting market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cannabis Lighting sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cannabis Lighting covered in this report include Signify, GE Lighting, Osram, Cree LED, Hubbell Lighting, Gavita, Lumigrow, Everlight Electronics and Valoya, etc.
The global Cannabis Lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signify
GE Lighting
Osram
Cree LED
Hubbell Lighting
Gavita
Lumigrow
Everlight Electronics
Valoya
Heliospectra AB
Cidly
Cultilux
Vivosun
Global Cannabis Lighting market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cannabis Lighting market, Segment by Type:
Light Emitting Diodes (LEDs)
Fluorescent Light
Metal Halide Light
High Pressure Sodium Light
Others
Global Cannabis Lighting market, by Application
Commercial Greenhouses
Indoor Grow Facilities
Research Applications
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cannabis Lighting manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cannabis Lighting in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The North American Cannabis lighting market is one of the most exciting potential markets for packaged LEDs today. It is the fastest growing sector within the global horticultural lighting market and will continue to have a massive impact on the market for the foreseeable future. Incumbent lighting technologies, including high pressure sodium, metal halide and fluorescent to name a few, are being replaced in large quantities by with LED. While energy efficiency continues to be a factor, additional benefits, namely increased plant productivity is the main drivers behind this growth in the market.
The global Cannabis Lighting market size is expected to reach US$ 8766.9 million by 2029, growing at a CAGR of 8.6% from 2023 to 2029. The market is mainly driven by the significant applications of Cannabis Lighting in various end use industries. The expanding demands from the Commercial Greenhouses, Indoor Grow Facilities and Research Applications,, are propelling Cannabis Lighting market. Light Emitting Diodes (LEDs), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fluorescent Light segment is estimated at % CAGR for the next seven-year period.
Plant extracts industry as a whole is still in a rapid development stage, with people's pursuit of natural green and health, the future of new varieties of plant extracts and applications will continue to be developed, specialization and refinement of the requirements of the gradual increase in industry concentration will gradually increase. With the gradual growth of China's traditional Chinese medicine industry and food industry, the market scale of China's plant extract industry will also continue to expand. Based on our research, the market size of China's plant extract industry will grow at a CAGR of 10% from 2023 to 2028.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cannabis Lighting, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cannabis Lighting market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cannabis Lighting market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cannabis Lighting sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cannabis Lighting covered in this report include Signify, GE Lighting, Osram, Cree LED, Hubbell Lighting, Gavita, Lumigrow, Everlight Electronics and Valoya, etc.
The global Cannabis Lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signify
GE Lighting
Osram
Cree LED
Hubbell Lighting
Gavita
Lumigrow
Everlight Electronics
Valoya
Heliospectra AB
Cidly
Cultilux
Vivosun
Global Cannabis Lighting market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cannabis Lighting market, Segment by Type:
Light Emitting Diodes (LEDs)
Fluorescent Light
Metal Halide Light
High Pressure Sodium Light
Others
Global Cannabis Lighting market, by Application
Commercial Greenhouses
Indoor Grow Facilities
Research Applications
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cannabis Lighting manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cannabis Lighting in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Cannabis Lighting Market Overview
1.1 Cannabis Lighting Product Overview
1.2 Cannabis Lighting Market Segment by Type
1.2.1 Light Emitting Diodes (LEDs)
1.2.2 Fluorescent Light
1.2.3 Metal Halide Light
1.2.4 High Pressure Sodium Light
1.2.5 Others
1.3 Global Cannabis Lighting Market Size by Type
1.3.1 Global Cannabis Lighting Market Size Overview by Type (2018-2029)
1.3.2 Global Cannabis Lighting Historic Market Size Review by Type (2018-2023)
1.3.3 Global Cannabis Lighting Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cannabis Lighting Sales Breakdown by Type (2018-2023)
1.4.2 Europe Cannabis Lighting Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Cannabis Lighting Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Cannabis Lighting Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Cannabis Lighting Sales Breakdown by Type (2018-2023)
2 Global Cannabis Lighting Market Competition by Company
2.1 Global Top Players by Cannabis Lighting Sales (2018-2023)
2.2 Global Top Players by Cannabis Lighting Revenue (2018-2023)
2.3 Global Top Players by Cannabis Lighting Price (2018-2023)
2.4 Global Top Manufacturers Cannabis Lighting Manufacturing Base Distribution, Sales Area, Product Type
2.5 Cannabis Lighting Market Competitive Situation and Trends
2.5.1 Cannabis Lighting Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Cannabis Lighting Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cannabis Lighting as of 2022)
2.7 Date of Key Manufacturers Enter into Cannabis Lighting Market
2.8 Key Manufacturers Cannabis Lighting Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Cannabis Lighting Status and Outlook by Region
3.1 Global Cannabis Lighting Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Cannabis Lighting Historic Market Size by Region
3.2.1 Global Cannabis Lighting Sales in Volume by Region (2018-2023)
3.2.2 Global Cannabis Lighting Sales in Value by Region (2018-2023)
3.2.3 Global Cannabis Lighting Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Cannabis Lighting Forecasted Market Size by Region
3.3.1 Global Cannabis Lighting Sales in Volume by Region (2024-2029)
3.3.2 Global Cannabis Lighting Sales in Value by Region (2024-2029)
3.3.3 Global Cannabis Lighting Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Cannabis Lighting by Application
4.1 Cannabis Lighting Market Segment by Application
4.1.1 Commercial Greenhouses
4.1.2 Indoor Grow Facilities
4.1.3 Research Applications
4.2 Global Cannabis Lighting Market Size by Application
4.2.1 Global Cannabis Lighting Market Size Overview by Application (2018-2029)
4.2.2 Global Cannabis Lighting Historic Market Size Review by Application (2018-2023)
4.2.3 Global Cannabis Lighting Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Cannabis Lighting Sales Breakdown by Application (2018-2023)
4.3.2 Europe Cannabis Lighting Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Cannabis Lighting Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Cannabis Lighting Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Cannabis Lighting Sales Breakdown by Application (2018-2023)
5 North America Cannabis Lighting by Country
5.1 North America Cannabis Lighting Historic Market Size by Country
5.1.1 North America Cannabis Lighting Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Cannabis Lighting Sales in Volume by Country (2018-2023)
5.1.3 North America Cannabis Lighting Sales in Value by Country (2018-2023)
5.2 North America Cannabis Lighting Forecasted Market Size by Country
5.2.1 North America Cannabis Lighting Sales in Volume by Country (2024-2029)
5.2.2 North America Cannabis Lighting Sales in Value by Country (2024-2029)
6 Europe Cannabis Lighting by Country
6.1 Europe Cannabis Lighting Historic Market Size by Country
6.1.1 Europe Cannabis Lighting Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Cannabis Lighting Sales in Volume by Country (2018-2023)
6.1.3 Europe Cannabis Lighting Sales in Value by Country (2018-2023)
6.2 Europe Cannabis Lighting Forecasted Market Size by Country
6.2.1 Europe Cannabis Lighting Sales in Volume by Country (2024-2029)
6.2.2 Europe Cannabis Lighting Sales in Value by Country (2024-2029)
7 Asia-Pacific Cannabis Lighting by Region
7.1 Asia-Pacific Cannabis Lighting Historic Market Size by Region
7.1.1 Asia-Pacific Cannabis Lighting Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Cannabis Lighting Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Cannabis Lighting Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Cannabis Lighting Forecasted Market Size by Region
7.2.1 Asia-Pacific Cannabis Lighting Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Cannabis Lighting Sales in Value by Region (2024-2029)
8 Latin America Cannabis Lighting by Country
8.1 Latin America Cannabis Lighting Historic Market Size by Country
8.1.1 Latin America Cannabis Lighting Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Cannabis Lighting Sales in Volume by Country (2018-2023)
8.1.3 Latin America Cannabis Lighting Sales in Value by Country (2018-2023)
8.2 Latin America Cannabis Lighting Forecasted Market Size by Country
8.2.1 Latin America Cannabis Lighting Sales in Volume by Country (2024-2029)
8.2.2 Latin America Cannabis Lighting Sales in Value by Country (2024-2029)
9 Middle East and Africa Cannabis Lighting by Country
9.1 Middle East and Africa Cannabis Lighting Historic Market Size by Country
9.1.1 Middle East and Africa Cannabis Lighting Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Cannabis Lighting Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Cannabis Lighting Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Cannabis Lighting Forecasted Market Size by Country
9.2.1 Middle East and Africa Cannabis Lighting Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Cannabis Lighting Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Signify
10.1.1 Signify Company Information
10.1.2 Signify Introduction and Business Overview
10.1.3 Signify Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Signify Cannabis Lighting Products Offered
10.1.5 Signify Recent Development
10.2 GE Lighting
10.2.1 GE Lighting Company Information
10.2.2 GE Lighting Introduction and Business Overview
10.2.3 GE Lighting Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Lighting Cannabis Lighting Products Offered
10.2.5 GE Lighting Recent Development
10.3 Osram
10.3.1 Osram Company Information
10.3.2 Osram Introduction and Business Overview
10.3.3 Osram Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Osram Cannabis Lighting Products Offered
10.3.5 Osram Recent Development
10.4 Cree LED
10.4.1 Cree LED Company Information
10.4.2 Cree LED Introduction and Business Overview
10.4.3 Cree LED Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Cree LED Cannabis Lighting Products Offered
10.4.5 Cree LED Recent Development
10.5 Hubbell Lighting
10.5.1 Hubbell Lighting Company Information
10.5.2 Hubbell Lighting Introduction and Business Overview
10.5.3 Hubbell Lighting Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hubbell Lighting Cannabis Lighting Products Offered
10.5.5 Hubbell Lighting Recent Development
10.6 Gavita
10.6.1 Gavita Company Information
10.6.2 Gavita Introduction and Business Overview
10.6.3 Gavita Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Gavita Cannabis Lighting Products Offered
10.6.5 Gavita Recent Development
10.7 Lumigrow
10.7.1 Lumigrow Company Information
10.7.2 Lumigrow Introduction and Business Overview
10.7.3 Lumigrow Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Lumigrow Cannabis Lighting Products Offered
10.7.5 Lumigrow Recent Development
10.8 Everlight Electronics
10.8.1 Everlight Electronics Company Information
10.8.2 Everlight Electronics Introduction and Business Overview
10.8.3 Everlight Electronics Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Everlight Electronics Cannabis Lighting Products Offered
10.8.5 Everlight Electronics Recent Development
10.9 Valoya
10.9.1 Valoya Company Information
10.9.2 Valoya Introduction and Business Overview
10.9.3 Valoya Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Valoya Cannabis Lighting Products Offered
10.9.5 Valoya Recent Development
10.10 Heliospectra AB
10.10.1 Heliospectra AB Company Information
10.10.2 Heliospectra AB Introduction and Business Overview
10.10.3 Heliospectra AB Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Heliospectra AB Cannabis Lighting Products Offered
10.10.5 Heliospectra AB Recent Development
10.11 Cidly
10.11.1 Cidly Company Information
10.11.2 Cidly Introduction and Business Overview
10.11.3 Cidly Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Cidly Cannabis Lighting Products Offered
10.11.5 Cidly Recent Development
10.12 Cultilux
10.12.1 Cultilux Company Information
10.12.2 Cultilux Introduction and Business Overview
10.12.3 Cultilux Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Cultilux Cannabis Lighting Products Offered
10.12.5 Cultilux Recent Development
10.13 Vivosun
10.13.1 Vivosun Company Information
10.13.2 Vivosun Introduction and Business Overview
10.13.3 Vivosun Cannabis Lighting Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Vivosun Cannabis Lighting Products Offered
10.13.5 Vivosun Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cannabis Lighting Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cannabis Lighting Industrial Chain Analysis
11.4 Cannabis Lighting Market Dynamics
11.4.1 Cannabis Lighting Industry Trends
11.4.2 Cannabis Lighting Market Drivers
11.4.3 Cannabis Lighting Market Challenges
11.4.4 Cannabis Lighting Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cannabis Lighting Distributors
12.3 Cannabis Lighting Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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