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Grow Light-Global Market Insights and Sales Trends 2024
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 size is expected to reach US$ 9614.6 million by 2029, growing at a CAGR of 11.3% from 2023 to 2029. The market is mainly driven by the significant applications of Grow Light in various end use industries. The expanding demands from the Indoor Farming, Vertical Farming, Commercial Greenhouse and Others, are propelling Grow Light market. High Intensity Discharge(HID), 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 LED segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Grow Light market, driven by demand from China, the second largest economy with some signs of stabilising, the Grow Light market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Grow Light, 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 Grow Light 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 Grow Light market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Grow Light 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 Grow Light covered in this report include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc.
The global Grow Light market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Global Grow Light 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 Grow Light market, Segment by Type:
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Global Grow Light market, by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
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 Grow Light manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Grow Light 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.
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 size is expected to reach US$ 9614.6 million by 2029, growing at a CAGR of 11.3% from 2023 to 2029. The market is mainly driven by the significant applications of Grow Light in various end use industries. The expanding demands from the Indoor Farming, Vertical Farming, Commercial Greenhouse and Others, are propelling Grow Light market. High Intensity Discharge(HID), 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 LED segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Grow Light market, driven by demand from China, the second largest economy with some signs of stabilising, the Grow Light market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Grow Light, 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 Grow Light 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 Grow Light market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Grow Light 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 Grow Light covered in this report include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc.
The global Grow Light market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Global Grow Light 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 Grow Light market, Segment by Type:
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Global Grow Light market, by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
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 Grow Light manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Grow Light 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 Grow Light Market Overview
1.1 Grow Light Product Overview
1.2 Grow Light Market Segment by Type
1.2.1 High Intensity Discharge(HID)
1.2.2 LED
1.2.3 Fluorescent
1.2.4 Plasma
1.3 Global Grow Light Market Size by Type
1.3.1 Global Grow Light Market Size Overview by Type (2018-2029)
1.3.2 Global Grow Light Historic Market Size Review by Type (2018-2023)
1.3.3 Global Grow Light Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Grow Light Sales Breakdown by Type (2018-2023)
1.4.2 Europe Grow Light Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Grow Light Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Grow Light Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Grow Light Sales Breakdown by Type (2018-2023)
2 Global Grow Light Market Competition by Company
2.1 Global Top Players by Grow Light Sales (2018-2023)
2.2 Global Top Players by Grow Light Revenue (2018-2023)
2.3 Global Top Players by Grow Light Price (2018-2023)
2.4 Global Top Manufacturers Grow Light Manufacturing Base Distribution, Sales Area, Product Type
2.5 Grow Light Market Competitive Situation and Trends
2.5.1 Grow Light Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Grow Light 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 Grow Light as of 2022)
2.7 Date of Key Manufacturers Enter into Grow Light Market
2.8 Key Manufacturers Grow Light Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Grow Light Status and Outlook by Region
3.1 Global Grow Light Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Grow Light Historic Market Size by Region
3.2.1 Global Grow Light Sales in Volume by Region (2018-2023)
3.2.2 Global Grow Light Sales in Value by Region (2018-2023)
3.2.3 Global Grow Light Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Grow Light Forecasted Market Size by Region
3.3.1 Global Grow Light Sales in Volume by Region (2024-2029)
3.3.2 Global Grow Light Sales in Value by Region (2024-2029)
3.3.3 Global Grow Light Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Grow Light by Application
4.1 Grow Light Market Segment by Application
4.1.1 Indoor Farming
4.1.2 Vertical Farming
4.1.3 Commercial Greenhouse
4.1.4 Others
4.2 Global Grow Light Market Size by Application
4.2.1 Global Grow Light Market Size Overview by Application (2018-2029)
4.2.2 Global Grow Light Historic Market Size Review by Application (2018-2023)
4.2.3 Global Grow Light Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Grow Light Sales Breakdown by Application (2018-2023)
4.3.2 Europe Grow Light Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Grow Light Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Grow Light Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Grow Light Sales Breakdown by Application (2018-2023)
5 North America Grow Light by Country
5.1 North America Grow Light Historic Market Size by Country
5.1.1 North America Grow Light Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Grow Light Sales in Volume by Country (2018-2023)
5.1.3 North America Grow Light Sales in Value by Country (2018-2023)
5.2 North America Grow Light Forecasted Market Size by Country
5.2.1 North America Grow Light Sales in Volume by Country (2024-2029)
5.2.2 North America Grow Light Sales in Value by Country (2024-2029)
6 Europe Grow Light by Country
6.1 Europe Grow Light Historic Market Size by Country
6.1.1 Europe Grow Light Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Grow Light Sales in Volume by Country (2018-2023)
6.1.3 Europe Grow Light Sales in Value by Country (2018-2023)
6.2 Europe Grow Light Forecasted Market Size by Country
6.2.1 Europe Grow Light Sales in Volume by Country (2024-2029)
6.2.2 Europe Grow Light Sales in Value by Country (2024-2029)
7 Asia-Pacific Grow Light by Region
7.1 Asia-Pacific Grow Light Historic Market Size by Region
7.1.1 Asia-Pacific Grow Light Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Grow Light Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Grow Light Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Grow Light Forecasted Market Size by Region
7.2.1 Asia-Pacific Grow Light Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Grow Light Sales in Value by Region (2024-2029)
8 Latin America Grow Light by Country
8.1 Latin America Grow Light Historic Market Size by Country
8.1.1 Latin America Grow Light Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Grow Light Sales in Volume by Country (2018-2023)
8.1.3 Latin America Grow Light Sales in Value by Country (2018-2023)
8.2 Latin America Grow Light Forecasted Market Size by Country
8.2.1 Latin America Grow Light Sales in Volume by Country (2024-2029)
8.2.2 Latin America Grow Light Sales in Value by Country (2024-2029)
9 Middle East and Africa Grow Light by Country
9.1 Middle East and Africa Grow Light Historic Market Size by Country
9.1.1 Middle East and Africa Grow Light Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Grow Light Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Grow Light Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Grow Light Forecasted Market Size by Country
9.2.1 Middle East and Africa Grow Light Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Grow Light Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 AeroFarms
10.1.1 AeroFarms Company Information
10.1.2 AeroFarms Introduction and Business Overview
10.1.3 AeroFarms Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.1.4 AeroFarms Grow Light Products Offered
10.1.5 AeroFarms Recent Development
10.2 Royal Philips
10.2.1 Royal Philips Company Information
10.2.2 Royal Philips Introduction and Business Overview
10.2.3 Royal Philips Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Royal Philips Grow Light Products Offered
10.2.5 Royal Philips Recent Development
10.3 General Electric
10.3.1 General Electric Company Information
10.3.2 General Electric Introduction and Business Overview
10.3.3 General Electric Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Electric Grow Light Products Offered
10.3.5 General Electric Recent Development
10.4 Osram Licht
10.4.1 Osram Licht Company Information
10.4.2 Osram Licht Introduction and Business Overview
10.4.3 Osram Licht Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Osram Licht Grow Light Products Offered
10.4.5 Osram Licht Recent Development
10.5 Gavita Holland
10.5.1 Gavita Holland Company Information
10.5.2 Gavita Holland Introduction and Business Overview
10.5.3 Gavita Holland Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Gavita Holland Grow Light Products Offered
10.5.5 Gavita Holland Recent Development
10.6 Lumigrow
10.6.1 Lumigrow Company Information
10.6.2 Lumigrow Introduction and Business Overview
10.6.3 Lumigrow Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Lumigrow Grow Light Products Offered
10.6.5 Lumigrow Recent Development
10.7 Heliospectra
10.7.1 Heliospectra Company Information
10.7.2 Heliospectra Introduction and Business Overview
10.7.3 Heliospectra Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Heliospectra Grow Light Products Offered
10.7.5 Heliospectra Recent Development
10.8 Iwasaki Electric
10.8.1 Iwasaki Electric Company Information
10.8.2 Iwasaki Electric Introduction and Business Overview
10.8.3 Iwasaki Electric Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Iwasaki Electric Grow Light Products Offered
10.8.5 Iwasaki Electric Recent Development
10.9 Illumitex
10.9.1 Illumitex Company Information
10.9.2 Illumitex Introduction and Business Overview
10.9.3 Illumitex Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Illumitex Grow Light Products Offered
10.9.5 Illumitex Recent Development
10.10 Hortilux Schreder
10.10.1 Hortilux Schreder Company Information
10.10.2 Hortilux Schreder Introduction and Business Overview
10.10.3 Hortilux Schreder Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hortilux Schreder Grow Light Products Offered
10.10.5 Hortilux Schreder Recent Development
10.11 Sunlight Supply
10.11.1 Sunlight Supply Company Information
10.11.2 Sunlight Supply Introduction and Business Overview
10.11.3 Sunlight Supply Grow Light Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Sunlight Supply Grow Light Products Offered
10.11.5 Sunlight Supply Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Grow Light 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 Grow Light Industrial Chain Analysis
11.4 Grow Light Market Dynamics
11.4.1 Grow Light Industry Trends
11.4.2 Grow Light Market Drivers
11.4.3 Grow Light Market Challenges
11.4.4 Grow Light Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Grow Light Distributors
12.3 Grow Light 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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