Grow Light Market

Industry Overview

The Market For Grow Lights is projected to increase from $1.2 billion in 2023 to $5.6 billion by 2030, advancing at a CAGR of 19.8% from 2025 to 2030. The widespread use of indoor culture and vertical farming for the production of crops is expected to significantly contribute to the growth of the grow light industry worldwide.

Grow light technology is very helpful in extending the duration of natural daylight, which further accelerates plant development and yields. The crop is made available all year thanks to artificial lighting, which includes high-pressure sodium, plasma, and LED lights. Also, the growing public awareness about the use of alternative farming in many established and emerging economies is projected to accelerate market expansion.

Market Segmentation

Insight by Technology

The market is divided into high-intensity discharge (HID), light-emitting diode (LED), fluorescent, and others, based on technology. High-intensity sodium lamps, ceramic metal halide lamps, metal halide lamps, combination MH and HPS lamps, and other lights are further subdivided under the umbrella of HID. Additionally, fluorescent is further divided into T5 and CFL (white light and neutral). During the forecast period, the HID category is anticipated to see the highest CAGR in the market.

Insight by Installation

The grow lamp market is divided into retrofit and new installation, based on how they were installed. Between the two, the retrofit installation category is expected to contribute a bigger share to the market during the projection period. When grow lights fail or become damaged, as well as when the light intensity falls below expectations following regular use of the lights, retrofit installations are typically done. Crop growers modify existing grow lights with new lights of any particular technology to attain this goal of giving their crops enough light to grow.

Grow lights should be immediately retrofitted when the amount of light is reduced, according to observations. Ad plasma, LED, and induction is just a few of the cutting-edge grow light technologies that have lately entered the market and given crop growers a range of options when it comes to updating their grow light systems. Additionally, LED grow lights provide a wide range of spectrums that make it possible to grow a variety of crops. As a result, they are gaining popularity among crop growers, which, in turn, is boosting the growth of the grow light market.

Insight by Spectrum

The market is divided into the partial spectrum and full spectrum, on the basis of the spectrum. During the projected period, the partial spectrum category is expected to witness faster growth. The partial lights, which emit light of a specific spectrum like blue, yellow, or green, are very helpful at different stages of a plant's growth. The full spectrum lights, on the other hand, emit light that is comparable to that of the sun and are very helpful for the growth of crops at different stages. Thus, the full spectrum category holds the larger share in the market.

Insight by Application

The market is categorized into indoor farming, vertical farming, commercial greenhouse, turf and landscaping, research, and others, based on application. Among these, the vertical farming category is expected to experience the quickest CAGR throughout the projected period. Vertical farming uses controlled environment agriculture and artificial lighting techniques to allow the growth of several plants inside a single, constrained structure, such as a building or shipping container. Commercial crop growers are using these structures to produce fruits and vegetables year-round in urban settings.

This farming method guarantees fresh produce at affordable costs, and it may be used to generate significantly more income from underutilized real estate structures. Additionally, because of all these benefits, the market for vertical farming is anticipated to rise quickly in the near future, supporting the expansion of the global growth light market.

Global Grow Light Market Report Coverage

Industry Dynamics

Growth Drivers

The demand for grow lights in vertical and indoor farms around the world is being driven by the rising consumer demand for a steady food supply as well as increasing popularity among users of LED grow lights. These factors, along with the surging need for vertical and indoor farming techniques that extensively use grow lights to speed up crop production, are all driving up demand for grow lights. Additionally, government bodies of several developed and developing countries are encouraging commercial growers to adopt LED lights to permit efficient and consistent operations, which is further contributing to the expansion of the global grow light market.

Another significant element propelling the grow lights market around the world is the rising need for growth chambers for grow lights. With the rapidly growing population across the world, agriculture and natural resources are constantly declining. The Food and Agriculture Organization of the United Nations estimates that in order to feed the world's population for the next 40 years, food production must rise by 70%. Additionally, it has been noted that a variety of contemporary farming methods, including vertical farming, will be effective in meeting this always-rising demand for food, ultimately promoting the expansion of the grow light business.

Challenges

The primary obstacles impeding the growth of the grow light industry are the implementation of several strict rules to evaluate the quality of crops grown under grow lights and the poor quality of light emissions provided by artificial lighting.

Industry Ecosystem

Industry participants in the worldwide grow light market are taking advantage of market expansion through the creation of new products, technological advancements, business expansion, and contacts, in order to improve their market share.

Geographic Overview

Geographically, Europe has accounted for the most market revenue because of the rising public awareness of the value of alternative farming, limited access to arable land, and constantly growing populations. These factors are projected to fuel the growth of the grow light market in the region.

In addition, the APAC market is expected to witness significant growth, as a result of the surging adoption of agriculture technologies. Additionally, a number of emerging nations in this region place a strong emphasis on the development of crops utilizing LED lights, which promote agricultural production efficiency and require less energy. Also, grow lights are replacing the typical incandescent light bulbs in this area, as these lights assist to reduce greenhouse gas emissions.

Recent Development by Key Players

Valoya added two new models—the RX500 and RX600—to its RX-Series line of greenhouse LEDs in September 2023. The new versions can provide up to an astounding 1700 mol/s of uniform light output and can be utilized as real 1-to-1 HPS replacements. They can be positioned up to 4 meters above the canopy because of the intense light they create.

The Lamphouse, the largest supplier of specialist lights in Africa, and Fluence by OSRAM, a leading global manufacturer of energy-efficient LED lighting solutions for commercial cannabis and agricultural production, announced their partnership in September 2023. The Lamphouse is Fluence's official specialized lighting provider, with more than 40 years of experience in a variety of industries.

Yunnan AiBiDa Greenhouse Technology Co., Ltd., a greenhouse floriculture production company in China, and Signify signed a contract in August 2023. Through this arrangement, the company hopes to support its Chinese floriculture business and grow Philips' network of horticulture research partners in China.

Fluence by OSRAM introduced four more spectra for its VYPR top light series in June 2023, with industry-leading efficacies up to 3.8 mol/J. Fluence's wide PhysioSpec spectrum, which ranges from broad white to high red, lets producers tailor lighting plans for each crop at any stage of development or location.

Signify purchased Cooper Lighting Solutions (US), a top supplier of connected lighting, lighting controls, and professional lighting, from Eaton in March 2023. Eaton is a top supplier of linked lighting, lighting controls, and professional lighting. The corporation can improve its position in the North American market with this acquisition.

In January 2020, Nectar Farms in Victoria hired Heliospectra AB to provide MITRA LED lighting solutions (Australia). Nectar Farms will be able to ramp the p production of glasshouse tomatoes thanks to this method.

At Greentech in May 2019, Heliospectra presented brand-new, cutting-edge LED lighting systems. In addition to its MITRA series, the company also displayed its hello core light control system and SIERA light bar solution, which is based on a vertical farming application.

Competitive Insight

Some of the key players operating in the global grow light market are General Electric Company, Koninklijke Philips N.V., Osram Licht AG, Illumitex Inc., Heliospectra AB, Gavita Holland B.V., Hortilux Schreder B.V., LumiGrow Inc., Iwasaki Electric Co. Ltd., and Sunlight Supply Inc.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from industry experts. The key profiles approached within the industry include the CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

Source: VynZ Research

Source: VynZ Research

The Grow Light Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Technology 
  • LED
  • HID
    • Metal-halide lamps
    • High-intensity sodium lamps
    • Combination of MH and HPS lamps
    • Ceramic metal halide lamps
    • Others (conversion bulbs and switchable ballasts)
    • Fluorescent
      • CFL
        • White
        • Neutral
  • T5
  • Others
• By Spectrum
  • Partial Spectrum
  • Full Spectrum
• By Installation 
  • Retrofit
  • New Installation
• By Application 
  • Indoor Farming
  • Vertical Farming
  • Commercial Greenhouse
  • Research
  • Turf and Landscaping
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Technology
                1.2.2.    By Installation 
                1.2.3.    By Spectrum
                1.2.4.    By Application              
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Technology
                5.1.1.    high-intensity discharge (HID) 
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    light-emitting diode (LED)
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    fluorescent
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    others
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030       
        5.2.    By Installation
                5.2.1.    Retrofit
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    New Installation
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030        
        5.3.    By Spectrum   
                5.3.1.    Partial Spectrum
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Full Spectrum
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030        
        5.4.    By Application
                5.4.1.    Indoor Farming
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Vertical Farming
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Commercial Greenhouse
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030
                5.4.4.    Indoor Farming
                        5.4.4.1. Market Definition
                        5.4.4.2. Market Estimation and Forecast to 2030
                5.4.5.    Vertical Farming
                        5.4.5.1. Market Definition
                        5.4.5.2. Market Estimation and Forecast to 2030
                5.4.6.    Commercial Greenhouse
                        5.4.6.1. Market Definition
                        5.4.6.2. Market Estimation and Forecast to 2030         
        
6.    North America Market Estimate and Forecast

        6.1.    By Technology
        6.2.    By Installation 
        6.3.    By Spectrum
        6.4.    By Application       
        6.5.    By Country
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Technology
        7.2.    By Installation 
        7.3.    By Spectrum
        7.4.    By Application        
        7.5.    By Country
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Technology
        8.2.    By Installation 
        8.3.    By Spectrum
        8.4.    By Application        
        8.5.    By Country
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Technology
        9.2.    By Installation 
        9.3.    By Spectrum
        9.4.    By Application        
        9.5.     By Country
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Koninklijke Philips N.V.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    General Electric Company
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Osram Licht AG
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Gavita Holland B.V.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Illumitex, Inc.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Hortilux Schreder B.V.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Iwasaki Electric Co., Ltd.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    LumiGrow, Inc.
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Heliospectra AB
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Heliospectra AB
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Grow Light Market, By Technology, 2018-2023 (USD Billion)
Table 5 Global Grow Light Market, By Technology, 2025-2030 (USD Billion)
Table 6 Global Grow Light Market, By Installation, 2018-2023 (USD Billion)
Table 7 Global Grow Light Market, By Installation, 2025-2030 (USD Billion)
Table 8 Global Grow Light Market, By Spectrum, 2018-2023 (USD Billion)
Table 9 Global Grow Light Market, By Spectrum, 2025-2030 (USD Billion)
Table 10 Global Grow Light Market, By Application, 2018-2023 (USD Billion)
Table 11 Global Grow Light Market, By Application, 2025-2030 (USD Billion)
Table 12 Global Grow Light Market, by Region, 2018-2023 (USD Billion)
Table 13 Global Grow Light Market, by Region, 2025-2030 (USD Billion)
Table 14 North America Grow Light Market, By Technology, 2018-2023 (USD Billion)
Table 15 North America Grow Light Market, By Technology, 2025-2030 (USD Billion)
Table 16 North America Grow Light Market, By Installation, 2018-2023 (USD Billion)
Table 17 North America Grow Light Market, By Installation, 2025-2030 (USD Billion)
Table 18 North America Grow Light Market, By Spectrum, 2018-2023 (USD Billion)
Table 19 North America Grow Light Market, By Spectrum, 2025-2030 (USD Billion)
Table 20 North America Grow Light Market, By Application, 2018-2023 (USD Billion)
Table 21 North America Grow Light Market, By Application, 2025-2030 (USD Billion)
Table 22 North America Grow Light Market, by Region, 2018-2023 (USD Billion)
Table 23 North America Grow Light Market, by Region, 2025-2030 (USD Billion)
Table 24 Europe Grow Light Market, By Technology, 2018-2023 (USD Billion)
Table 25 Europe Grow Light Market, By Technology, 2025-2030 (USD Billion)
Table 26 Europe Grow Light Market, By Installation, 2018-2023 (USD Billion)
Table 27 Europe Grow Light Market, By Installation, 2025-2030 (USD Billion)
Table 28 Europe Grow Light Market, By Spectrum, 2018-2023 (USD Billion)
Table 29 Europe Grow Light Market, By Spectrum, 2025-2030 (USD Billion)
Table 30 Europe Grow Light Market, By Application, 2018-2023 (USD Billion)
Table 31 Europe Grow Light Market, By Application, 2025-2030 (USD Billion)
Table 32 Europe Grow Light Market, by Region, 2018-2023 (USD Billion)
Table 33 Europe Grow Light Market, by Region, 2025-2030 (USD Billion)
Table 34 Asia-Pacific Grow Light Market, By Technology, 2018-2023 (USD Billion)
Table 35 Asia-Pacific Grow Light Market, By Technology, 2025-2030 (USD Billion)
Table 36 Asia-Pacific Grow Light Market, By Installation, 2018-2023 (USD Billion)
Table 37 Asia-Pacific Grow Light Market, By Installation, 2025-2030 (USD Billion)
Table 38 Asia-Pacific Grow Light Market, By Spectrum, 2018-2023 (USD Billion)
Table 39 Asia-Pacific Grow Light Market, By Spectrum, 2025-2030 (USD Billion)
Table 40 Asia-Pacific Grow Light Market, By Application, 2018-2023 (USD Billion)
Table 41 Asia-Pacific Grow Light Market, By Application, 2025-2030 (USD Billion)
Table 42 Asia-Pacific Grow Light Market, by Region, 2018-2023 (USD Billion)
Table 43 Asia-Pacific Grow Light Market, by Region, 2025-2030 (USD Billion)
Table 44  RoW Grow Light Market, By Technology, 2018-2023 (USD Billion)
Table 45  RoW Grow Light Market, By Technology, 2025-2030 (USD Billion)
Table 46  RoW Grow Light Market, By Installation, 2018-2023 (USD Billion)
Table 47  RoW Grow Light Market, By Installation, 2025-2030 (USD Billion)
Table 48  RoW Grow Light Market, By Spectrum, 2018-2023 (USD Billion)
Table 49  RoW Grow Light Market, By Spectrum, 2025-2030 (USD Billion)
Table 50  RoW Grow Light Market, By Application, 2018-2023 (USD Billion)
Table 51  RoW Grow Light Market, By Application, 2025-2030 (USD Billion)
Table 52  RoW Grow Light Market, by Region, 2018-2023 (USD Billion)
Table 53  RoW Grow Light Market, by Region, 2025-2030 (USD Billion)
Table 54 Snapshot – Koninklijke Philips N.V.
Table 55 Snapshot – General Electric Company
Table 56 Snapshot – Osram Licht AG
Table 57 Snapshot – Gavita Holland B.V.
Table 58 Snapshot – Illumitex, Inc.
Table 59 Snapshot – Hortilux Schreder B.V.
Table 60 Snapshot – Iwasaki Electric Co., Ltd.
Table 61 Snapshot – LumiGrow, Inc.
Table 62 Snapshot – Heliospectra AB
Table 63 Snapshot – Sunlight Supply, Inc.

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Grow Light Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Grow Light Market Highlight
Figure 12 Global Grow Light Market, By Technology, 2018 - 2030 (USD Billion)
Figure 13 Global Grow Light Market, By Installation, 2018 - 2030 (USD Billion)
Figure 14 Global Grow Light Market, By Spectrum, 2018 - 2030 (USD Billion)
Figure 15 Global Grow Light Market, By Application, 2018 - 2030 (USD Billion)
Figure 16 Global Grow Light Market, by Region, 2018 - 2030 (USD Billion)
Figure 17 North America Grow Light Market Highlight
Figure 18 North America Grow Light Market, By Technology, 2018 - 2030 (USD Billion)
Figure 19 North America Grow Light Market, By Installation, 2018 - 2030 (USD Billion)
Figure 20 North America Grow Light Market, By Spectrum, 2018 - 2030 (USD Billion)
Figure 21 North America Grow Light Market, By Application, 2018 - 2030 (USD Billion)
Figure 22 North America Grow Light Market, by Region, 2018 - 2030 (USD Billion)
Figure 23 Europe Grow Light Market Highlight
Figure 24 Europe Grow Light Market, By Technology, 2018 - 2030 (USD Billion)
Figure 25 Europe Grow Light Market, By Installation, 2018 - 2030 (USD Billion)
Figure 26 Europe Grow Light Market, By Spectrum, 2018 - 2030 (USD Billion)
Figure 27 Europe Grow Light Market, By Application, 2018 - 2030 (USD Billion)
Figure 28 Europe Grow Light Market, by Region, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Grow Light Market Highlight
Figure 30 Asia-Pacific Grow Light Market, By Technology, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific Grow Light Market, By Installation, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific Grow Light Market, By Spectrum, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific Grow Light Market, By Application, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Grow Light Market, by Region, 2018 - 2030 (USD Billion)
Figure 35 RoW Grow Light Market Highlight
Figure 36 RoW Grow Light Market, By Technology, 2018 - 2030 (USD Billion)
Figure 37 RoW Grow Light Market, By Installation, 2018 - 2030 (USD Billion)
Figure 38 RoW Grow Light Market, By Spectrum, 2018 - 2030 (USD Billion)
Figure 39 RoW Grow Light Market, By Application, 2018 - 2030 (USD Billion)
Figure 40 RoW Grow Light Market, By Region, 2018 - 2030 (USD Billion)