Report overview
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.
This report contains market size and forecasts of Grow Light in global, including the following market information:
Global Grow Light Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Grow Light Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Grow Light companies in 2021 (%)
The global Grow Light market was valued at 4634.7 million in 2021 and is projected to reach US$ 9498.7 million by 2028, at a CAGR of 10.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Intensity Discharge(HID) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Grow Light manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Grow Light Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Grow Light Market Segment Percentages, by Type, 2021 (%)
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Global Grow Light Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Grow Light Market Segment Percentages, by Application, 2021 (%)
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
Global Grow Light Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Grow Light Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Grow Light revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Grow Light revenues share in global market, 2021 (%)
Key companies Grow Light sales in global market, 2017-2022 (Estimated), (Units)
Key companies Grow Light sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
