Report overview
LED plant growth lamp is an artificial light source that uses LED (Light Emitting Diode) as the illuminant to meet the lighting conditions required for plant photosynthesis. In the absence of daylight, this light fixture can act as daylight, allowing plants to grow normally or better.
This report aims to provide a comprehensive presentation of the global market for LED 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 LED Grow light. This report contains market size and forecasts of LED Grow light in global, including the following market information:
Global LED Grow light Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global LED Grow light Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five LED Grow light companies in 2022 (%)
The global LED Grow light market was valued at US$ 1257.6 million in 2022 and is projected to reach US$ 3825.6 million by 2029, at a CAGR of 17.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
According to types, the most proportion of the LED Grow Lights is Partial Spectrum Light, taking about 75% share of global market in 2020. The most proportion of LED Grow Lights is used for Commercial Greenhouse and the proportion is about 65% in 2020.
We surveyed the LED 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 LED Grow light Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Grow light Market Segment Percentages, by Type, 2022 (%)
Hemp Growing Lamp
Fruit and Vegetable Flower Growing Lamp
Lawn Patch Light
Others
Global LED Grow light Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Grow light Market Segment Percentages, by Application, 2022 (%)
Commercial Greenhouse
Indoor Growing Facilities
Research and Application
Global LED Grow light Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Grow light Market Segment Percentages, By Region and Country, 2022 (%)
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 LED Grow light revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies LED Grow light revenues share in global market, 2022 (%)
Key companies LED Grow light sales in global market, 2018-2023 (Estimated), (K Units)
Key companies LED Grow light sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Signify
General Electric
Osram
Everlight Electronics
Gavita
Hubbell Lighting
Kessil
Cree
Illumitex
Lumigrow
Senmatic A/S
Valoya
Heliospectra AB
Cidly
Ohmax Optoelectronic
AIS LED Light
Vipple
Growray
California Lightworks
VANQ Technology
Yaham Lighting
PARUS
Outline of Major Chapters:
Chapter 1: Introduces the definition of LED Grow light, market overview.
Chapter 2: Global LED Grow light market size in revenue and volume.
Chapter 3: Detailed analysis of LED Grow light manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of LED 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 of each country in the world.
Chapter 7: 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 8: Global LED Grow light capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
