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Global Commercial LED Grow Light Market Research Report 2024
Synopsis
Commercial LED grow light is a specialized lighting system designed to provide the required light spectrum for optimal plant growth in indoor farming, greenhouses, and controlled environment agriculture (CEA). These LED grow lights are widely used by commercial growers to cultivate various crops, including vegetables, fruits, herbs, and medicinal plants, throughout the year regardless of external weather conditions.
Global Commercial LED Grow Light market is projected to reach US$ 3695.7 million in 2029, increasing from US$ 1160 million in 2022, with the CAGR of 18.0% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Commercial LED Grow Light market research.
The global market for commercial LED grow lights has been experiencing significant growth, driven by the increasing adoption of indoor farming, vertical farming, and controlled environment agriculture (CEA) practices worldwide. Commercial LED grow lights have become a preferred choice for growers due to their energy efficiency, customizable light spectrum, and ability to support year-round cultivation of various crops. The rising demand for year-round crop production, independent of external weather conditions, has fueled the adoption of commercial LED grow lights in indoor farming facilities. North America and Europe have been dominant markets for commercial LED grow lights due to the high adoption of indoor farming and the presence of technologically advanced agricultural practices. The Asia-Pacific region, including countries like China and Japan, has also witnessed significant growth, driven by the increasing focus on modern farming techniques and food security. The global market for commercial LED grow lights is expected to continue its upward trajectory in the coming years. As indoor farming and CEA practices gain traction worldwide, the demand for energy-efficient and customizable lighting solutions will increase. Advances in LED technology, including improved efficiency and spectral optimization, will likely drive the market's growth further. Additionally, increased research and development in horticulture lighting and the optimization of light recipes for specific crops may lead to more specialized and efficient commercial LED grow light solutions.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Commercial LED Grow Light market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Signify
GE Lighting
Gavita
Osram
Hubbell Lighting
Everlight Electronics
Kessil
Cree
Illumitex
Senmatic A/S
Valoya
Heliospectra
Cidly
Vipple
Growray
Ohmax Optoelectronic
California Lightworks
VANQ Technology
Segment by Type
Partial Spectrum Light
Full Spectrum Light
Segment by Application
Farming
Greenhouse
Growroom
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
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
The Commercial LED Grow Light report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Commercial LED grow light is a specialized lighting system designed to provide the required light spectrum for optimal plant growth in indoor farming, greenhouses, and controlled environment agriculture (CEA). These LED grow lights are widely used by commercial growers to cultivate various crops, including vegetables, fruits, herbs, and medicinal plants, throughout the year regardless of external weather conditions.
Global Commercial LED Grow Light market is projected to reach US$ 3695.7 million in 2029, increasing from US$ 1160 million in 2022, with the CAGR of 18.0% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Commercial LED Grow Light market research.
The global market for commercial LED grow lights has been experiencing significant growth, driven by the increasing adoption of indoor farming, vertical farming, and controlled environment agriculture (CEA) practices worldwide. Commercial LED grow lights have become a preferred choice for growers due to their energy efficiency, customizable light spectrum, and ability to support year-round cultivation of various crops. The rising demand for year-round crop production, independent of external weather conditions, has fueled the adoption of commercial LED grow lights in indoor farming facilities. North America and Europe have been dominant markets for commercial LED grow lights due to the high adoption of indoor farming and the presence of technologically advanced agricultural practices. The Asia-Pacific region, including countries like China and Japan, has also witnessed significant growth, driven by the increasing focus on modern farming techniques and food security. The global market for commercial LED grow lights is expected to continue its upward trajectory in the coming years. As indoor farming and CEA practices gain traction worldwide, the demand for energy-efficient and customizable lighting solutions will increase. Advances in LED technology, including improved efficiency and spectral optimization, will likely drive the market's growth further. Additionally, increased research and development in horticulture lighting and the optimization of light recipes for specific crops may lead to more specialized and efficient commercial LED grow light solutions.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Commercial LED Grow Light market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Signify
GE Lighting
Gavita
Osram
Hubbell Lighting
Everlight Electronics
Kessil
Cree
Illumitex
Senmatic A/S
Valoya
Heliospectra
Cidly
Vipple
Growray
Ohmax Optoelectronic
California Lightworks
VANQ Technology
Segment by Type
Partial Spectrum Light
Full Spectrum Light
Segment by Application
Farming
Greenhouse
Growroom
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
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
The Commercial LED Grow Light report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Commercial LED Grow Light Market Overview
1.1 Product Definition
1.2 Commercial LED Grow Light Segment by Type
1.2.1 Global Commercial LED Grow Light Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Partial Spectrum Light
1.2.3 Full Spectrum Light
1.3 Commercial LED Grow Light Segment by Application
1.3.1 Global Commercial LED Grow Light Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Farming
1.3.3 Greenhouse
1.3.4 Growroom
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Commercial LED Grow Light Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Commercial LED Grow Light Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Commercial LED Grow Light Production Estimates and Forecasts (2018-2029)
1.4.4 Global Commercial LED Grow Light Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Commercial LED Grow Light Production Market Share by Manufacturers (2018-2023)
2.2 Global Commercial LED Grow Light Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Commercial LED Grow Light, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Commercial LED Grow Light Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Commercial LED Grow Light Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Commercial LED Grow Light, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Commercial LED Grow Light, Product Offered and Application
2.8 Global Key Manufacturers of Commercial LED Grow Light, Date of Enter into This Industry
2.9 Commercial LED Grow Light Market Competitive Situation and Trends
2.9.1 Commercial LED Grow Light Market Concentration Rate
2.9.2 Global 5 and 10 Largest Commercial LED Grow Light Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Commercial LED Grow Light Production by Region
3.1 Global Commercial LED Grow Light Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Commercial LED Grow Light Production Value by Region (2018-2029)
3.2.1 Global Commercial LED Grow Light Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Commercial LED Grow Light by Region (2024-2029)
3.3 Global Commercial LED Grow Light Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Commercial LED Grow Light Production by Region (2018-2029)
3.4.1 Global Commercial LED Grow Light Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Commercial LED Grow Light by Region (2024-2029)
3.5 Global Commercial LED Grow Light Market Price Analysis by Region (2018-2023)
3.6 Global Commercial LED Grow Light Production and Value, Year-over-Year Growth
3.6.1 North America Commercial LED Grow Light Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Commercial LED Grow Light Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Commercial LED Grow Light Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Commercial LED Grow Light Production Value Estimates and Forecasts (2018-2029)
4 Commercial LED Grow Light Consumption by Region
4.1 Global Commercial LED Grow Light Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Commercial LED Grow Light Consumption by Region (2018-2029)
4.2.1 Global Commercial LED Grow Light Consumption by Region (2018-2023)
4.2.2 Global Commercial LED Grow Light Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Commercial LED Grow Light Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Commercial LED Grow Light Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Commercial LED Grow Light Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Commercial LED Grow Light Consumption by Country (2018-2029)
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 Commercial LED Grow Light Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Commercial LED Grow Light Consumption by Region (2018-2029)
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 Commercial LED Grow Light Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Commercial LED Grow Light Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Commercial LED Grow Light Production by Type (2018-2029)
5.1.1 Global Commercial LED Grow Light Production by Type (2018-2023)
5.1.2 Global Commercial LED Grow Light Production by Type (2024-2029)
5.1.3 Global Commercial LED Grow Light Production Market Share by Type (2018-2029)
5.2 Global Commercial LED Grow Light Production Value by Type (2018-2029)
5.2.1 Global Commercial LED Grow Light Production Value by Type (2018-2023)
5.2.2 Global Commercial LED Grow Light Production Value by Type (2024-2029)
5.2.3 Global Commercial LED Grow Light Production Value Market Share by Type (2018-2029)
5.3 Global Commercial LED Grow Light Price by Type (2018-2029)
6 Segment by Application
6.1 Global Commercial LED Grow Light Production by Application (2018-2029)
6.1.1 Global Commercial LED Grow Light Production by Application (2018-2023)
6.1.2 Global Commercial LED Grow Light Production by Application (2024-2029)
6.1.3 Global Commercial LED Grow Light Production Market Share by Application (2018-2029)
6.2 Global Commercial LED Grow Light Production Value by Application (2018-2029)
6.2.1 Global Commercial LED Grow Light Production Value by Application (2018-2023)
6.2.2 Global Commercial LED Grow Light Production Value by Application (2024-2029)
6.2.3 Global Commercial LED Grow Light Production Value Market Share by Application (2018-2029)
6.3 Global Commercial LED Grow Light Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Signify
7.1.1 Signify Commercial LED Grow Light Corporation Information
7.1.2 Signify Commercial LED Grow Light Product Portfolio
7.1.3 Signify Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Signify Main Business and Markets Served
7.1.5 Signify Recent Developments/Updates
7.2 GE Lighting
7.2.1 GE Lighting Commercial LED Grow Light Corporation Information
7.2.2 GE Lighting Commercial LED Grow Light Product Portfolio
7.2.3 GE Lighting Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.2.4 GE Lighting Main Business and Markets Served
7.2.5 GE Lighting Recent Developments/Updates
7.3 Gavita
7.3.1 Gavita Commercial LED Grow Light Corporation Information
7.3.2 Gavita Commercial LED Grow Light Product Portfolio
7.3.3 Gavita Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Gavita Main Business and Markets Served
7.3.5 Gavita Recent Developments/Updates
7.4 Osram
7.4.1 Osram Commercial LED Grow Light Corporation Information
7.4.2 Osram Commercial LED Grow Light Product Portfolio
7.4.3 Osram Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Osram Main Business and Markets Served
7.4.5 Osram Recent Developments/Updates
7.5 Hubbell Lighting
7.5.1 Hubbell Lighting Commercial LED Grow Light Corporation Information
7.5.2 Hubbell Lighting Commercial LED Grow Light Product Portfolio
7.5.3 Hubbell Lighting Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Hubbell Lighting Main Business and Markets Served
7.5.5 Hubbell Lighting Recent Developments/Updates
7.6 Everlight Electronics
7.6.1 Everlight Electronics Commercial LED Grow Light Corporation Information
7.6.2 Everlight Electronics Commercial LED Grow Light Product Portfolio
7.6.3 Everlight Electronics Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Everlight Electronics Main Business and Markets Served
7.6.5 Everlight Electronics Recent Developments/Updates
7.7 Kessil
7.7.1 Kessil Commercial LED Grow Light Corporation Information
7.7.2 Kessil Commercial LED Grow Light Product Portfolio
7.7.3 Kessil Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Kessil Main Business and Markets Served
7.7.5 Kessil Recent Developments/Updates
7.8 Cree
7.8.1 Cree Commercial LED Grow Light Corporation Information
7.8.2 Cree Commercial LED Grow Light Product Portfolio
7.8.3 Cree Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Cree Main Business and Markets Served
7.7.5 Cree Recent Developments/Updates
7.9 Illumitex
7.9.1 Illumitex Commercial LED Grow Light Corporation Information
7.9.2 Illumitex Commercial LED Grow Light Product Portfolio
7.9.3 Illumitex Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Illumitex Main Business and Markets Served
7.9.5 Illumitex Recent Developments/Updates
7.10 Senmatic A/S
7.10.1 Senmatic A/S Commercial LED Grow Light Corporation Information
7.10.2 Senmatic A/S Commercial LED Grow Light Product Portfolio
7.10.3 Senmatic A/S Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Senmatic A/S Main Business and Markets Served
7.10.5 Senmatic A/S Recent Developments/Updates
7.11 Valoya
7.11.1 Valoya Commercial LED Grow Light Corporation Information
7.11.2 Valoya Commercial LED Grow Light Product Portfolio
7.11.3 Valoya Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Valoya Main Business and Markets Served
7.11.5 Valoya Recent Developments/Updates
7.12 Heliospectra
7.12.1 Heliospectra Commercial LED Grow Light Corporation Information
7.12.2 Heliospectra Commercial LED Grow Light Product Portfolio
7.12.3 Heliospectra Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Heliospectra Main Business and Markets Served
7.12.5 Heliospectra Recent Developments/Updates
7.13 Cidly
7.13.1 Cidly Commercial LED Grow Light Corporation Information
7.13.2 Cidly Commercial LED Grow Light Product Portfolio
7.13.3 Cidly Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Cidly Main Business and Markets Served
7.13.5 Cidly Recent Developments/Updates
7.14 Vipple
7.14.1 Vipple Commercial LED Grow Light Corporation Information
7.14.2 Vipple Commercial LED Grow Light Product Portfolio
7.14.3 Vipple Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Vipple Main Business and Markets Served
7.14.5 Vipple Recent Developments/Updates
7.15 Growray
7.15.1 Growray Commercial LED Grow Light Corporation Information
7.15.2 Growray Commercial LED Grow Light Product Portfolio
7.15.3 Growray Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Growray Main Business and Markets Served
7.15.5 Growray Recent Developments/Updates
7.16 Ohmax Optoelectronic
7.16.1 Ohmax Optoelectronic Commercial LED Grow Light Corporation Information
7.16.2 Ohmax Optoelectronic Commercial LED Grow Light Product Portfolio
7.16.3 Ohmax Optoelectronic Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.16.4 Ohmax Optoelectronic Main Business and Markets Served
7.16.5 Ohmax Optoelectronic Recent Developments/Updates
7.17 California Lightworks
7.17.1 California Lightworks Commercial LED Grow Light Corporation Information
7.17.2 California Lightworks Commercial LED Grow Light Product Portfolio
7.17.3 California Lightworks Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.17.4 California Lightworks Main Business and Markets Served
7.17.5 California Lightworks Recent Developments/Updates
7.18 VANQ Technology
7.18.1 VANQ Technology Commercial LED Grow Light Corporation Information
7.18.2 VANQ Technology Commercial LED Grow Light Product Portfolio
7.18.3 VANQ Technology Commercial LED Grow Light Production, Value, Price and Gross Margin (2018-2023)
7.18.4 VANQ Technology Main Business and Markets Served
7.18.5 VANQ Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Commercial LED Grow Light Industry Chain Analysis
8.2 Commercial LED Grow Light Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Commercial LED Grow Light Production Mode & Process
8.4 Commercial LED Grow Light Sales and Marketing
8.4.1 Commercial LED Grow Light Sales Channels
8.4.2 Commercial LED Grow Light Distributors
8.5 Commercial LED Grow Light Customers
9 Commercial LED Grow Light Market Dynamics
9.1 Commercial LED Grow Light Industry Trends
9.2 Commercial LED Grow Light Market Drivers
9.3 Commercial LED Grow Light Market Challenges
9.4 Commercial LED 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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