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Light-Emitting Diode (LED) Grow Lights Market 2024-2028

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    Report

  • 174 Pages
  • August 2024
  • Region: Global
  • TechNavio
  • ID: 4860974
1h Free Analyst Time

The market is driven by growth in indoor farming, the need for energy-efficient and long-lasting grow light technology, and the need to improve the yield of crops and reduce crop wastage

1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The light-emitting diode (led) grow lights market is forecasted to grow by USD 11.32 billion during 2023-2028, accelerating at a CAGR of 39.04% during the forecast period. The report on the light-emitting diode (led) grow lights market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in indoor farming, need for energy-efficient and long-lasting grow light technology, and need to improve yield of crops and reduce crop wastage.

The light-emitting diode (led) grow lights market is segmented as below:

By Application

  • Commercial greenhouses
  • Vertical farming
  • Indoor farming
  • Others

By Power Rating

  • Low power (lesser than 100 W)
  • Medium power (100-300 W)
  • High power (greater than 300 W)

By Geographical Landscape

  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the innovation and investments in greenhouse horticulture startups as one of the prime reasons driving the light-emitting diode (led) grow lights market growth during the next few years. Also, use of led grow lights in suppression of plant diseases and use of artificial intelligence in led grow lights will lead to sizable demand in the market.

The report on the light-emitting diode (led) grow lights market covers the following areas:

  • Light-emitting diode (led) grow lights market sizing
  • Light-emitting diode (led) grow lights market forecast
  • Light-emitting diode (led) grow lights market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light-emitting diode (led) grow lights market vendors that include Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., Controlled Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., and Valoya Oy. Also, the light-emitting diode (led) grow lights market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market By Geographical Landscape
  • Executive Summary - Chart on Market Segmentation by Application
  • Executive Summary - Chart on Market Segmentation by Power Rating
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Global - Market size and forecast 2023-2028 ($ million)
  • Data Table on Global - Market size and forecast 2023-2028 ($ million)
  • Chart on Global Market: Year-over-year growth 2023-2028 (%)
  • Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Light-Emitting Diode (LED) Grow Lights Market 2018 - 2022
  • Historic Market Size - Data Table on Global Light-Emitting Diode (LED) Grow Lights Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
  • Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Power Rating segment analysis 2018 - 2022
  • Historic Market Size - Power Rating Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
  • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
  • Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
  • Chart on Application - Market share 2023-2028 (%)
  • Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
  • Chart on Comparison by Application
  • Data Table on Comparison by Application
6.3 Commercial greenhouses - Market size and forecast 2023-2028
  • Chart on Commercial greenhouses - Market size and forecast 2023-2028 ($ million)
  • Data Table on Commercial greenhouses - Market size and forecast 2023-2028 ($ million)
  • Chart on Commercial greenhouses - Year-over-year growth 2023-2028 (%)
  • Data Table on Commercial greenhouses - Year-over-year growth 2023-2028 (%)
6.4 Vertical farming - Market size and forecast 2023-2028
  • Chart on Vertical farming - Market size and forecast 2023-2028 ($ million)
  • Data Table on Vertical farming - Market size and forecast 2023-2028 ($ million)
  • Chart on Vertical farming - Year-over-year growth 2023-2028 (%)
  • Data Table on Vertical farming - Year-over-year growth 2023-2028 (%)
6.5 Indoor farming - Market size and forecast 2023-2028
  • Chart on Indoor farming - Market size and forecast 2023-2028 ($ million)
  • Data Table on Indoor farming - Market size and forecast 2023-2028 ($ million)
  • Chart on Indoor farming - Year-over-year growth 2023-2028 (%)
  • Data Table on Indoor farming - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
  • Market opportunity by Application ($ million)
  • Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Power Rating
7.1 Market segments
  • Chart on Power Rating - Market share 2023-2028 (%)
  • Data Table on Power Rating - Market share 2023-2028 (%)
7.2 Comparison by Power Rating
  • Chart on Comparison by Power Rating
  • Data Table on Comparison by Power Rating
7.3 Low power (lesser than 100 W) - Market size and forecast 2023-2028
  • Chart on Low power (lesser than 100 W) - Market size and forecast 2023-2028 ($ million)
  • Data Table on Low power (lesser than 100 W) - Market size and forecast 2023-2028 ($ million)
  • Chart on Low power (lesser than 100 W) - Year-over-year growth 2023-2028 (%)
  • Data Table on Low power (lesser than 100 W) - Year-over-year growth 2023-2028 (%)
7.4 Medium power (100-300 W) - Market size and forecast 2023-2028
  • Chart on Medium power (100-300 W) - Market size and forecast 2023-2028 ($ million)
  • Data Table on Medium power (100-300 W) - Market size and forecast 2023-2028 ($ million)
  • Chart on Medium power (100-300 W) - Year-over-year growth 2023-2028 (%)
  • Data Table on Medium power (100-300 W) - Year-over-year growth 2023-2028 (%)
7.5 High power (greater than 300 W) - Market size and forecast 2023-2028
  • Chart on High power (greater than 300 W) - Market size and forecast 2023-2028 ($ million)
  • Data Table on High power (greater than 300 W) - Market size and forecast 2023-2028 ($ million)
  • Chart on High power (greater than 300 W) - Year-over-year growth 2023-2028 (%)
  • Data Table on High power (greater than 300 W) - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Power Rating
  • Market opportunity by Power Rating ($ million)
  • Data Table on Market opportunity by Power Rating ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
  • Chart on Market share By Geographical Landscape 2023-2028 (%)
  • Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
  • Chart on Europe - Market size and forecast 2023-2028 ($ million)
  • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  • Chart on Europe - Year-over-year growth 2023-2028 (%)
  • Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
  • Chart on North America - Market size and forecast 2023-2028 ($ million)
  • Data Table on North America - Market size and forecast 2023-2028 ($ million)
  • Chart on North America - Year-over-year growth 2023-2028 (%)
  • Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
  • Chart on APAC - Market size and forecast 2023-2028 ($ million)
  • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  • Chart on APAC - Year-over-year growth 2023-2028 (%)
  • Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
  • Chart on South America - Market size and forecast 2023-2028 ($ million)
  • Data Table on South America - Market size and forecast 2023-2028 ($ million)
  • Chart on South America - Year-over-year growth 2023-2028 (%)
  • Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
  • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ million)
  • Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Chart on US - Year-over-year growth 2023-2028 (%)
  • Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Canada - Market size and forecast 2023-2028
  • Chart on Canada - Market size and forecast 2023-2028 ($ million)
  • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  • Chart on Canada - Year-over-year growth 2023-2028 (%)
  • Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.10 The Netherlands - Market size and forecast 2023-2028
  • Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
  • Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
  • Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
  • Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
9.11 China - Market size and forecast 2023-2028
  • Chart on China - Market size and forecast 2023-2028 ($ million)
  • Data Table on China - Market size and forecast 2023-2028 ($ million)
  • Chart on China - Year-over-year growth 2023-2028 (%)
  • Data Table on China - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
  • Chart on UK - Market size and forecast 2023-2028 ($ million)
  • Data Table on UK - Market size and forecast 2023-2028 ($ million)
  • Chart on UK - Year-over-year growth 2023-2028 (%)
  • Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
  • Market opportunity By Geographical Landscape ($ million)
  • Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
  • Overview on factors of disruption
11.4 Industry risks
  • Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
  • Companies covered
12.2 Market positioning of companies
  • Matrix on companies position and classification
12.3 Advanced Grow Lights American Co.
  • Advanced Grow Lights American Co. - Overview
  • Advanced Grow Lights American Co. - Product / Service
  • Advanced Grow Lights American Co. - Key offerings
12.4 Black Dog Grow Technologies Inc.
  • Black Dog Grow Technologies Inc. - Overview
  • Black Dog Grow Technologies Inc. - Product / Service
  • Black Dog Grow Technologies Inc. - Key offerings
12.5 Bridgelux Inc.
  • Bridgelux Inc. - Overview
  • Bridgelux Inc. - Product / Service
  • Bridgelux Inc. - Key news
  • Bridgelux Inc. - Key offerings
12.6 Controlled Environments Ltd.
  • Controlled Environments Ltd. - Overview
  • Controlled Environments Ltd. - Product / Service
  • Controlled Environments Ltd. - Key offerings
12.7 Dool Industries
  • Dool Industries - Overview
  • Dool Industries - Product / Service
  • Dool Industries - Key offerings
12.8 General Electric Co.
  • General Electric Co. - Overview
  • General Electric Co. - Business segments
  • General Electric Co. - Key news
  • General Electric Co. - Key offerings
  • General Electric Co. - Segment focus
12.9 GrowRay Lighting Technologies
  • GrowRay Lighting Technologies - Overview
  • GrowRay Lighting Technologies - Product / Service
  • GrowRay Lighting Technologies - Key offerings
12.10 Heliospectra AB
  • Heliospectra AB - Overview
  • Heliospectra AB - Product / Service
  • Heliospectra AB - Key offerings
12.11 Kessil
  • Kessil - Overview
  • Kessil - Product / Service
  • Kessil - Key offerings
12.12 Kind LED Grow Lights
  • Kind LED Grow Lights - Overview
  • Kind LED Grow Lights - Product / Service
  • Kind LED Grow Lights - Key offerings
12.13 OSRAM Licht AG
  • OSRAM Licht AG - Overview
  • OSRAM Licht AG - Business segments
  • OSRAM Licht AG - Key news
  • OSRAM Licht AG - Key offerings
  • OSRAM Licht AG - Segment focus
12.14 SANlight GmbH
  • SANlight GmbH - Overview
  • SANlight GmbH - Product / Service
  • SANlight GmbH - Key offerings
12.15 Senmatic AS
  • Senmatic AS - Overview
  • Senmatic AS - Product / Service
  • Senmatic AS - Key offerings
12.16 Signify NV
  • Signify NV - Overview
  • Signify NV - Business segments
  • Signify NV - Key news
  • Signify NV - Key offerings
  • Signify NV - Segment focus
12.17 SMART Global Holdings Inc.
  • SMART Global Holdings Inc. - Overview
  • SMART Global Holdings Inc. - Business segments
  • SMART Global Holdings Inc. - Key offerings
  • SMART Global Holdings Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
13.3 Currency conversion rates for US$
  • Currency conversion rates for US$
13.4 Research methodology
  • Research methodology
13.5 Data procurement
  • Information sources
13.6 Data validation
  • Data validation
13.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
13.8 Data synthesis
  • Data synthesis
13.9 360 degree market analysis
  • 360 degree market analysis
13.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Power Rating
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Light-Emitting Diode (LED) Grow Lights Market 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Power Rating Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on Application - Market share 2023-2028 (%)
Exhibits 33: Data Table on Application - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by Application
Exhibits 35: Data Table on Comparison by Application
Exhibits 36: Chart on Commercial greenhouses - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Data Table on Commercial greenhouses - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Chart on Commercial greenhouses - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on Commercial greenhouses - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on Vertical farming - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Data Table on Vertical farming - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Chart on Vertical farming - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on Vertical farming - Year-over-year growth 2023-2028 (%)
Exhibits 44: Chart on Indoor farming - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Data Table on Indoor farming - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Chart on Indoor farming - Year-over-year growth 2023-2028 (%)
Exhibits 47: Data Table on Indoor farming - Year-over-year growth 2023-2028 (%)
Exhibits 48: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 49: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 51: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 52: Market opportunity by Application ($ million)
Exhibits 53: Data Table on Market opportunity by Application ($ million)
Exhibits 54: Chart on Power Rating - Market share 2023-2028 (%)
Exhibits 55: Data Table on Power Rating - Market share 2023-2028 (%)
Exhibits 56: Chart on Comparison by Power Rating
Exhibits 57: Data Table on Comparison by Power Rating
Exhibits 58: Chart on Low power (lesser than 100 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Data Table on Low power (lesser than 100 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 60: Chart on Low power (lesser than 100 W) - Year-over-year growth 2023-2028 (%)
Exhibits 61: Data Table on Low power (lesser than 100 W) - Year-over-year growth 2023-2028 (%)
Exhibits 62: Chart on Medium power (100-300 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Data Table on Medium power (100-300 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 64: Chart on Medium power (100-300 W) - Year-over-year growth 2023-2028 (%)
Exhibits 65: Data Table on Medium power (100-300 W) - Year-over-year growth 2023-2028 (%)
Exhibits 66: Chart on High power (greater than 300 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Data Table on High power (greater than 300 W) - Market size and forecast 2023-2028 ($ million)
Exhibits 68: Chart on High power (greater than 300 W) - Year-over-year growth 2023-2028 (%)
Exhibits 69: Data Table on High power (greater than 300 W) - Year-over-year growth 2023-2028 (%)
Exhibits 70: Market opportunity by Power Rating ($ million)
Exhibits 71: Data Table on Market opportunity by Power Rating ($ million)
Exhibits 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 73: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 74: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 75: Chart on Geographic comparison
Exhibits 76: Data Table on Geographic comparison
Exhibits 77: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 90: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 91: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 94: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 95: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 98: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 99: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 102: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 103: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 105: Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 106: Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 107: Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 108: Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 109: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 110: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 111: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 112: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 113: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 114: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 115: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 116: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 117: Market opportunity By Geographical Landscape ($ million)
Exhibits 118: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 119: Impact of drivers and challenges in 2023 and 2028
Exhibits 120: Overview on criticality of inputs and factors of differentiation
Exhibits 121: Overview on factors of disruption
Exhibits 122: Impact of key risks on business
Exhibits 123: Companies covered
Exhibits 124: Matrix on companies position and classification
Exhibits 125: Advanced Grow Lights American Co. - Overview
Exhibits 126: Advanced Grow Lights American Co. - Product / Service
Exhibits 127: Advanced Grow Lights American Co. - Key offerings
Exhibits 128: Black Dog Grow Technologies Inc. - Overview
Exhibits 129: Black Dog Grow Technologies Inc. - Product / Service
Exhibits 130: Black Dog Grow Technologies Inc. - Key offerings
Exhibits 131: Bridgelux Inc. - Overview
Exhibits 132: Bridgelux Inc. - Product / Service
Exhibits 133: Bridgelux Inc. - Key news
Exhibits 134: Bridgelux Inc. - Key offerings
Exhibits 135: Controlled Environments Ltd. - Overview
Exhibits 136: Controlled Environments Ltd. - Product / Service
Exhibits 137: Controlled Environments Ltd. - Key offerings
Exhibits 138: Dool Industries - Overview
Exhibits 139: Dool Industries - Product / Service
Exhibits 140: Dool Industries - Key offerings
Exhibits 141: General Electric Co. - Overview
Exhibits 142: General Electric Co. - Business segments
Exhibits 143: General Electric Co. - Key news
Exhibits 144: General Electric Co. - Key offerings
Exhibits 145: General Electric Co. - Segment focus
Exhibits 146: GrowRay Lighting Technologies - Overview
Exhibits 147: GrowRay Lighting Technologies - Product / Service
Exhibits 148: GrowRay Lighting Technologies - Key offerings
Exhibits 149: Heliospectra AB - Overview
Exhibits 150: Heliospectra AB - Product / Service
Exhibits 151: Heliospectra AB - Key offerings
Exhibits 152: Kessil - Overview
Exhibits 153: Kessil - Product / Service
Exhibits 154: Kessil - Key offerings
Exhibits 155: Kind LED Grow Lights - Overview
Exhibits 156: Kind LED Grow Lights - Product / Service
Exhibits 157: Kind LED Grow Lights - Key offerings
Exhibits 158: OSRAM Licht AG - Overview
Exhibits 159: OSRAM Licht AG - Business segments
Exhibits 160: OSRAM Licht AG - Key news
Exhibits 161: OSRAM Licht AG - Key offerings
Exhibits 162: OSRAM Licht AG - Segment focus
Exhibits 163: SANlight GmbH - Overview
Exhibits 164: SANlight GmbH - Product / Service
Exhibits 165: SANlight GmbH - Key offerings
Exhibits 166: Senmatic AS - Overview
Exhibits 167: Senmatic AS - Product / Service
Exhibits 168: Senmatic AS - Key offerings
Exhibits 169: Signify NV - Overview
Exhibits 170: Signify NV - Business segments
Exhibits 171: Signify NV - Key news
Exhibits 172: Signify NV - Key offerings
Exhibits 173: Signify NV - Segment focus
Exhibits 174: SMART Global Holdings Inc. - Overview
Exhibits 175: SMART Global Holdings Inc. - Business segments
Exhibits 176: SMART Global Holdings Inc. - Key offerings
Exhibits 177: SMART Global Holdings Inc. - Segment focus
Exhibits 178: Inclusions checklist
Exhibits 179: Exclusions checklist
Exhibits 180: Currency conversion rates for US$
Exhibits 181: Research methodology
Exhibits 182: Information sources
Exhibits 183: Data validation
Exhibits 184: Validation techniques employed for market sizing
Exhibits 185: Data synthesis
Exhibits 186: 360 degree market analysis
Exhibits 187: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global light-emitting diode (led) grow lights market: Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., Controlled Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., and Valoya Oy.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is innovation and investments in greenhouse horticulture startups."

According to the report, one of the major drivers for this market is the growth in indoor farming.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanced Grow Lights American Co.
  • Biological Innovation and Optimization Systems LLC
  • Black Dog Grow Technologies Inc.
  • Bridgelux Inc.
  • Controlled Environments Ltd.
  • Dool Industries
  • General Electric Co.
  • GrowRay Lighting Technologies
  • Heliospectra AB
  • Kessil
  • Kind LED Grow Lights
  • LED Hydroponic Ltd.
  • OSRAM Licht AG
  • Samsung Electronics Co. Ltd.
  • SANlight GmbH
  • Senmatic AS
  • Shenzhen Grow LED Technology Co. Ltd.
  • Signify NV
  • SMART Global Holdings Inc.
  • Valoya Oy