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Grow Lights Market By Offering, By Technology, By Spectrum, By Installation Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • July 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671115
Description Jump to:
The global grow light market was valued at $2,421.7 million in 2021, and is projected to reach $27,348.3 million by 2031, registering a CAGR of 27.5% from 2022 to 2031. Grow lights are specialized lights used for growing indoor and commercial greenhouse plants. These lights help plants in the process of photosynthesis and boost healthy development and yield incredible products. Grow lights offer many benefits as it mimics the white light received from the sun.

The increased efficiency provided by grow lights such as LEDs is the primary factor driving growth in the grow light industry during the forecast period. Furthermore, grow lights provide greater control and scalability, accelerating the growth of the grow light market. Furthermore, the increased adoption of vertical farming is opportunistic for market growth. Given these factors, the grow light market is expected to grow at an exponential rate in the future.

The grow light market is segmented based on offering, technology, spectrum, installation type, application, and region. Based on offering, it is fragmented into hardware, software, and services. Based on technology, the market is segregated into high intensity discharge (HID), light emitting diode (LED), fluorescent and others. By spectrum, the market is divided into narrow and broad. By installation type, the market is divided into new installation, and retrofit. By application, the market is divided into indoor farming, commercial greenhouse, vertical farming, Turf & landscaping, research, and others. Region-wise, the grow light market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include BIOS Lighting, Fluence (Osram), GE Current, Heliospectra AB, HORTILUX SCHRÉDER, Kroptek, SANlight GmbH, Signify N.V., Valoya and Vertically Urban.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the grow lights market analysis from 2021 to 2031 to identify the prevailing grow lights market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the grow lights market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global grow lights market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Offering

  • Hardware
  • Software
  • Services

By Technology

  • High Intensity Discharge (HID)
  • Light Emitting Diode (LED)
  • Fluorescent
  • Others

By Spectrum

  • Narrow
  • Broad

By Installation Type

  • New Installation
  • Retrofit

By Application

  • Indoor Farming
  • Commercial Greenhouse
  • Vertical Farming
  • Turf and Landscaping
  • Research
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • bios lighting
  • Fluence (Osram)
  • GE Current
  • heliospectra ab
  • hortilux schreder
  • Kroptek
  • SANlight GmbH
  • Signify N.V.
  • valoya ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: GROW LIGHTS MARKET, BY OFFERING
4.1 Overview
4.1.1 Market size and forecast
4.2 Hardware
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Software
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Services
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: GROW LIGHTS MARKET, BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 High Intensity Discharge (HID)
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Light Emitting Diode (LED)
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Fluorescent
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: GROW LIGHTS MARKET, BY SPECTRUM
6.1 Overview
6.1.1 Market size and forecast
6.2 Narrow
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Broad
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: GROW LIGHTS MARKET, BY INSTALLATION TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 New Installation
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Retrofit
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
CHAPTER 8: GROW LIGHTS MARKET, BY APPLICATION
8.1 Overview
8.1.1 Market size and forecast
8.2 Indoor Farming
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Commercial Greenhouse
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Vertical Farming
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Turf and Landscaping
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Research
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 Others
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
CHAPTER 9: GROW LIGHTS MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Offering
9.2.3 North America Market size and forecast, by Technology
9.2.4 North America Market size and forecast, by Spectrum
9.2.5 North America Market size and forecast, by Installation Type
9.2.6 North America Market size and forecast, by Application
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Offering
9.2.7.1.2 Market size and forecast, by Technology
9.2.7.1.3 Market size and forecast, by Spectrum
9.2.7.1.4 Market size and forecast, by Installation Type
9.2.7.1.5 Market size and forecast, by Application
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Offering
9.2.7.2.2 Market size and forecast, by Technology
9.2.7.2.3 Market size and forecast, by Spectrum
9.2.7.2.4 Market size and forecast, by Installation Type
9.2.7.2.5 Market size and forecast, by Application
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Offering
9.2.7.3.2 Market size and forecast, by Technology
9.2.7.3.3 Market size and forecast, by Spectrum
9.2.7.3.4 Market size and forecast, by Installation Type
9.2.7.3.5 Market size and forecast, by Application
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Offering
9.3.3 Europe Market size and forecast, by Technology
9.3.4 Europe Market size and forecast, by Spectrum
9.3.5 Europe Market size and forecast, by Installation Type
9.3.6 Europe Market size and forecast, by Application
9.3.7 Europe Market size and forecast, by country
9.3.7.1 U.K.
9.3.7.1.1 Market size and forecast, by Offering
9.3.7.1.2 Market size and forecast, by Technology
9.3.7.1.3 Market size and forecast, by Spectrum
9.3.7.1.4 Market size and forecast, by Installation Type
9.3.7.1.5 Market size and forecast, by Application
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Offering
9.3.7.2.2 Market size and forecast, by Technology
9.3.7.2.3 Market size and forecast, by Spectrum
9.3.7.2.4 Market size and forecast, by Installation Type
9.3.7.2.5 Market size and forecast, by Application
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Offering
9.3.7.3.2 Market size and forecast, by Technology
9.3.7.3.3 Market size and forecast, by Spectrum
9.3.7.3.4 Market size and forecast, by Installation Type
9.3.7.3.5 Market size and forecast, by Application
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Offering
9.3.7.4.2 Market size and forecast, by Technology
9.3.7.4.3 Market size and forecast, by Spectrum
9.3.7.4.4 Market size and forecast, by Installation Type
9.3.7.4.5 Market size and forecast, by Application
9.3.7.5 Rest of Europe
9.3.7.5.1 Market size and forecast, by Offering
9.3.7.5.2 Market size and forecast, by Technology
9.3.7.5.3 Market size and forecast, by Spectrum
9.3.7.5.4 Market size and forecast, by Installation Type
9.3.7.5.5 Market size and forecast, by Application
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Offering
9.4.3 Asia-Pacific Market size and forecast, by Technology
9.4.4 Asia-Pacific Market size and forecast, by Spectrum
9.4.5 Asia-Pacific Market size and forecast, by Installation Type
9.4.6 Asia-Pacific Market size and forecast, by Application
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Offering
9.4.7.1.2 Market size and forecast, by Technology
9.4.7.1.3 Market size and forecast, by Spectrum
9.4.7.1.4 Market size and forecast, by Installation Type
9.4.7.1.5 Market size and forecast, by Application
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Offering
9.4.7.2.2 Market size and forecast, by Technology
9.4.7.2.3 Market size and forecast, by Spectrum
9.4.7.2.4 Market size and forecast, by Installation Type
9.4.7.2.5 Market size and forecast, by Application
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Offering
9.4.7.3.2 Market size and forecast, by Technology
9.4.7.3.3 Market size and forecast, by Spectrum
9.4.7.3.4 Market size and forecast, by Installation Type
9.4.7.3.5 Market size and forecast, by Application
9.4.7.4 South Korea
9.4.7.4.1 Market size and forecast, by Offering
9.4.7.4.2 Market size and forecast, by Technology
9.4.7.4.3 Market size and forecast, by Spectrum
9.4.7.4.4 Market size and forecast, by Installation Type
9.4.7.4.5 Market size and forecast, by Application
9.4.7.5 Rest Of Asia Pacific
9.4.7.5.1 Market size and forecast, by Offering
9.4.7.5.2 Market size and forecast, by Technology
9.4.7.5.3 Market size and forecast, by Spectrum
9.4.7.5.4 Market size and forecast, by Installation Type
9.4.7.5.5 Market size and forecast, by Application
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Offering
9.5.3 LAMEA Market size and forecast, by Technology
9.5.4 LAMEA Market size and forecast, by Spectrum
9.5.5 LAMEA Market size and forecast, by Installation Type
9.5.6 LAMEA Market size and forecast, by Application
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Offering
9.5.7.1.2 Market size and forecast, by Technology
9.5.7.1.3 Market size and forecast, by Spectrum
9.5.7.1.4 Market size and forecast, by Installation Type
9.5.7.1.5 Market size and forecast, by Application
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Offering
9.5.7.2.2 Market size and forecast, by Technology
9.5.7.2.3 Market size and forecast, by Spectrum
9.5.7.2.4 Market size and forecast, by Installation Type
9.5.7.2.5 Market size and forecast, by Application
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Offering
9.5.7.3.2 Market size and forecast, by Technology
9.5.7.3.3 Market size and forecast, by Spectrum
9.5.7.3.4 Market size and forecast, by Installation Type
9.5.7.3.5 Market size and forecast, by Application
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 bios lighting
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Fluence (Osram)
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 GE Current
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 heliospectra ab
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 hortilux schreder
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Kroptek
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 SANlight GmbH
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Signify N.V.
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 valoya ltd
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
List of Tables
Table 1. Global Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 2. Grow Lights Market Size, for Hardware, by Region, 2021-2031 ($Million)
Table 3. Grow Lights Market for Hardware by Country, 2021-2031 ($Million)
Table 4. Grow Lights Market Size, for Software, by Region, 2021-2031 ($Million)
Table 5. Grow Lights Market for Software by Country, 2021-2031 ($Million)
Table 6. Grow Lights Market Size, for Services, by Region, 2021-2031 ($Million)
Table 7. Grow Lights Market for Services by Country, 2021-2031 ($Million)
Table 8. Global Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 9. Grow Lights Market Size, for High Intensity Discharge (Hid), by Region, 2021-2031 ($Million)
Table 10. Grow Lights Market for High Intensity Discharge (Hid) by Country, 2021-2031 ($Million)
Table 11. Grow Lights Market Size, for Light Emitting Diode (Led), by Region, 2021-2031 ($Million)
Table 12. Grow Lights Market for Light Emitting Diode (Led) by Country, 2021-2031 ($Million)
Table 13. Grow Lights Market Size, for Fluorescent, by Region, 2021-2031 ($Million)
Table 14. Grow Lights Market for Fluorescent by Country, 2021-2031 ($Million)
Table 15. Grow Lights Market Size, for Others, by Region, 2021-2031 ($Million)
Table 16. Grow Lights Market for Others by Country, 2021-2031 ($Million)
Table 17. Global Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 18. Grow Lights Market Size, for Narrow, by Region, 2021-2031 ($Million)
Table 19. Grow Lights Market for Narrow by Country, 2021-2031 ($Million)
Table 20. Grow Lights Market Size, for Broad, by Region, 2021-2031 ($Million)
Table 21. Grow Lights Market for Broad by Country, 2021-2031 ($Million)
Table 22. Global Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 23. Grow Lights Market Size, for New Installation, by Region, 2021-2031 ($Million)
Table 24. Grow Lights Market for New Installation by Country, 2021-2031 ($Million)
Table 25. Grow Lights Market Size, for Retrofit, by Region, 2021-2031 ($Million)
Table 26. Grow Lights Market for Retrofit by Country, 2021-2031 ($Million)
Table 27. Global Grow Lights Market, by Application, 2021-2031 ($Million)
Table 28. Grow Lights Market Size, for Indoor Farming, by Region, 2021-2031 ($Million)
Table 29. Grow Lights Market for Indoor Farming by Country, 2021-2031 ($Million)
Table 30. Grow Lights Market Size, for Commercial Greenhouse, by Region, 2021-2031 ($Million)
Table 31. Grow Lights Market for Commercial Greenhouse by Country, 2021-2031 ($Million)
Table 32. Grow Lights Market Size, for Vertical Farming, by Region, 2021-2031 ($Million)
Table 33. Grow Lights Market for Vertical Farming by Country, 2021-2031 ($Million)
Table 34. Grow Lights Market Size, for Turf and Landscaping, by Region, 2021-2031 ($Million)
Table 35. Grow Lights Market for Turf and Landscaping by Country, 2021-2031 ($Million)
Table 36. Grow Lights Market Size, for Research, by Region, 2021-2031 ($Million)
Table 37. Grow Lights Market for Research by Country, 2021-2031 ($Million)
Table 38. Grow Lights Market Size, for Others, by Region, 2021-2031 ($Million)
Table 39. Grow Lights Market for Others by Country, 2021-2031 ($Million)
Table 40. Grow Lights Market, by Region, 2021-2031 ($Million)
Table 41. North America Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 42. North America Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 43. North America Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 44. North America Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 45. North America Grow Lights Market, by Application, 2021-2031 ($Million)
Table 46. North America Grow Lights Market, by Country, 2021-2031 ($Million)
Table 47. U.S. Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 48. U.S. Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 49. U.S. Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 50. U.S. Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 51. U.S. Grow Lights Market, by Application, 2021-2031 ($Million)
Table 52. Canada Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 53. Canada Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 54. Canada Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 55. Canada Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 56. Canada Grow Lights Market, by Application, 2021-2031 ($Million)
Table 57. Mexico Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 58. Mexico Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 59. Mexico Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 60. Mexico Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 61. Mexico Grow Lights Market, by Application, 2021-2031 ($Million)
Table 62. Europe Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 63. Europe Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 64. Europe Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 65. Europe Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 66. Europe Grow Lights Market, by Application, 2021-2031 ($Million)
Table 67. Europe Grow Lights Market, by Country, 2021-2031 ($Million)
Table 68. U.K. Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 69. U.K. Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 70. U.K. Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 71. U.K. Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 72. U.K. Grow Lights Market, by Application, 2021-2031 ($Million)
Table 73. Germany Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 74. Germany Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 75. Germany Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 76. Germany Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 77. Germany Grow Lights Market, by Application, 2021-2031 ($Million)
Table 78. France Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 79. France Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 80. France Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 81. France Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 82. France Grow Lights Market, by Application, 2021-2031 ($Million)
Table 83. Italy Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 84. Italy Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 85. Italy Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 86. Italy Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 87. Italy Grow Lights Market, by Application, 2021-2031 ($Million)
Table 88. Rest of Europe Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 89. Rest of Europe Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 90. Rest of Europe Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 91. Rest of Europe Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 92. Rest of Europe Grow Lights Market, by Application, 2021-2031 ($Million)
Table 93. Asia-Pacific Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 94. Asia-Pacific Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 95. Asia-Pacific Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 96. Asia-Pacific Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 97. Asia-Pacific Grow Lights Market, by Application, 2021-2031 ($Million)
Table 98. Asia-Pacific Grow Lights Market, by Country, 2021-2031 ($Million)
Table 99. China Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 100. China Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 101. China Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 102. China Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 103. China Grow Lights Market, by Application, 2021-2031 ($Million)
Table 104. Japan Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 105. Japan Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 106. Japan Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 107. Japan Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 108. Japan Grow Lights Market, by Application, 2021-2031 ($Million)
Table 109. India Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 110. India Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 111. India Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 112. India Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 113. India Grow Lights Market, by Application, 2021-2031 ($Million)
Table 114. South Korea Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 115. South Korea Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 116. South Korea Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 117. South Korea Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 118. South Korea Grow Lights Market, by Application, 2021-2031 ($Million)
Table 119. Rest of Asia-Pacific Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 120. Rest of Asia-Pacific Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 121. Rest of Asia-Pacific Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 122. Rest of Asia-Pacific Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 123. Rest of Asia-Pacific Grow Lights Market, by Application, 2021-2031 ($Million)
Table 124. LAMEA Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 125. LAMEA Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 126. LAMEA Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 127. LAMEA Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 128. LAMEA Grow Lights Market, by Application, 2021-2031 ($Million)
Table 129. LAMEA Grow Lights Market, by Country, 2021-2031 ($Million)
Table 130. Latin America Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 131. Latin America Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 132. Latin America Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 133. Latin America Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 134. Latin America Grow Lights Market, by Application, 2021-2031 ($Million)
Table 135. Middle East Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 136. Middle East Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 137. Middle East Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 138. Middle East Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 139. Middle East Grow Lights Market, by Application, 2021-2031 ($Million)
Table 140. Africa Grow Lights Market, by Offering, 2021-2031 ($Million)
Table 141. Africa Grow Lights Market, by Technology, 2021-2031 ($Million)
Table 142. Africa Grow Lights Market, by Spectrum, 2021-2031 ($Million)
Table 143. Africa Grow Lights Market, by Installation Type, 2021-2031 ($Million)
Table 144. Africa Grow Lights Market, by Application, 2021-2031 ($Million)
Table 145. Bios Lighting: Company Snapshot
Table 146. Bios Lighting: Operating Segments
Table 147. Bios Lighting: Product Portfolio
Table 148. Bios Lighting: Net Sales
Table 149. Bios Lighting: Key Stratergies
Table 150. Fluence (Osram): Company Snapshot
Table 151. Fluence (Osram): Operating Segments
Table 152. Fluence (Osram): Product Portfolio
Table 153. Fluence (Osram): Net Sales
Table 154. Fluence (Osram): Key Stratergies
Table 155. Ge Current: Company Snapshot
Table 156. Ge Current: Operating Segments
Table 157. Ge Current: Product Portfolio
Table 158. Ge Current: Net Sales
Table 159. Ge Current: Key Stratergies
Table 160. Heliospectra Ab: Company Snapshot
Table 161. Heliospectra Ab: Operating Segments
Table 162. Heliospectra Ab: Product Portfolio
Table 163. Heliospectra Ab: Net Sales
Table 164. Heliospectra Ab: Key Stratergies
Table 165. Hortilux Schreder: Company Snapshot
Table 166. Hortilux Schreder: Operating Segments
Table 167. Hortilux Schreder: Product Portfolio
Table 168. Hortilux Schreder: Net Sales
Table 169. Hortilux Schreder: Key Stratergies
Table 170. Kroptek: Company Snapshot
Table 171. Kroptek: Operating Segments
Table 172. Kroptek: Product Portfolio
Table 173. Kroptek: Net Sales
Table 174. Kroptek: Key Stratergies
Table 175. Sanlight GmbH: Company Snapshot
Table 176. Sanlight GmbH: Operating Segments
Table 177. Sanlight GmbH: Product Portfolio
Table 178. Sanlight GmbH: Net Sales
Table 179. Sanlight GmbH: Key Stratergies
Table 180. Signify N.V.: Company Snapshot
Table 181. Signify N.V.: Operating Segments
Table 182. Signify N.V.: Product Portfolio
Table 183. Signify N.V.: Net Sales
Table 184. Signify N.V.: Key Stratergies
Table 185. Valoya Ltd: Company Snapshot
Table 186. Valoya Ltd: Operating Segments
Table 187. Valoya Ltd: Product Portfolio
Table 188. Valoya Ltd: Net Sales
Table 189. Valoya Ltd: Key Stratergies
List of Figures
Figure 1. Grow Lights Market Segmentation
Figure 2. Grow Lights Market,2021-2031
Figure 3. Grow Lights Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Grow Lights Market:Drivers, Restraints and Opportunities
Figure 12. Grow Lights Market,By Offering,2021(%)
Figure 13. Comparative Share Analysis of Hardware Grow Lights Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Software Grow Lights Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Services Grow Lights Market,2021-2031(%)
Figure 16. Grow Lights Market,By Technology,2021(%)
Figure 17. Comparative Share Analysis of High Intensity Discharge (Hid) Grow Lights Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Light Emitting Diode (Led) Grow Lights Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Fluorescent Grow Lights Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Others Grow Lights Market,2021-2031(%)
Figure 21. Grow Lights Market,By Spectrum,2021(%)
Figure 22. Comparative Share Analysis of Narrow Grow Lights Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Broad Grow Lights Market,2021-2031(%)
Figure 24. Grow Lights Market,By Installation Type,2021(%)
Figure 25. Comparative Share Analysis of New Installation Grow Lights Market,2021-2031(%)
Figure 26. Comparative Share Analysis of Retrofit Grow Lights Market,2021-2031(%)
Figure 27. Grow Lights Market,By Application,2021(%)
Figure 28. Comparative Share Analysis of Indoor Farming Grow Lights Market,2021-2031(%)
Figure 29. Comparative Share Analysis of Commercial Greenhouse Grow Lights Market,2021-2031(%)
Figure 30. Comparative Share Analysis of Vertical Farming Grow Lights Market,2021-2031(%)
Figure 31. Comparative Share Analysis of Turf and Landscaping Grow Lights Market,2021-2031(%)
Figure 32. Comparative Share Analysis of Research Grow Lights Market,2021-2031(%)
Figure 33. Comparative Share Analysis of Others Grow Lights Market,2021-2031(%)
Figure 34. Grow Lights Market by Region,2021
Figure 35. U.S. Grow Lights Market,2021-2031($Million)
Figure 36. Canada Grow Lights Market,2021-2031($Million)
Figure 37. Mexico Grow Lights Market,2021-2031($Million)
Figure 38. U.K. Grow Lights Market,2021-2031($Million)
Figure 39. Germany Grow Lights Market,2021-2031($Million)
Figure 40. France Grow Lights Market,2021-2031($Million)
Figure 41. Italy Grow Lights Market,2021-2031($Million)
Figure 42. Rest of Europe Grow Lights Market,2021-2031($Million)
Figure 43. China Grow Lights Market,2021-2031($Million)
Figure 44. Japan Grow Lights Market,2021-2031($Million)
Figure 45. India Grow Lights Market,2021-2031($Million)
Figure 46. South Korea Grow Lights Market,2021-2031($Million)
Figure 47. Rest of Asia-Pacific Grow Lights Market,2021-2031($Million)
Figure 48. Latin America Grow Lights Market,2021-2031($Million)
Figure 49. Middle East Grow Lights Market,2021-2031($Million)
Figure 50. Africa Grow Lights Market,2021-2031($Million)
Figure 51. Top Winning Strategies, by Year
Figure 52. Top Winning Strategies, by Development
Figure 53. Top Winning Strategies, by Company
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap of Top 10 Key Players
Figure 57. Bios Lighting.: Net Sales ,($Million)
Figure 58. Fluence (Osram).: Net Sales ,($Million)
Figure 59. GE Current.: Net Sales ,($Million)
Figure 60. Heliospectra Ab.: Net Sales ,($Million)
Figure 61. Hortilux Schreder.: Net Sales ,($Million)
Figure 62. Kroptek.: Net Sales ,($Million)
Figure 63. Sanlight GmbH.: Net Sales ,($Million)
Figure 64. Signify N.V..: Net Sales ,($Million)
Figure 65. Valoya Ltd.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Grow Lights Market," the grow lights market was valued at $2.4 billion in 2021, and is estimated to reach $27.3 billion by 2031, growing at a CAGR of 27.5% from 2022 to 2031.

Grow lights are energy-efficient that are used in indoor farming and commercial greenhouse growers. They offer extensive customization and control to account for transition from solar radiation to artificial light in the growth process of plants. Many growers gain benefits of LED lights to help scale plant production due to their full light spectrum capabilities, low heat wastage & maintenance, and extended lifespan. Moreover, grow light fixture offer high quality spectral accuracy and optimized beam spreads that are advantageous for growers. Some of the major drivers of the grow light industry are benefits offered by grow light such as high controllability for the intensity of light & higher efficiency in terms of its ability to convert power (Watts) into photosynthetic active radiation (PAR) that can be used by crops. However, high initial investments and lack of standardization act as major barriers for the grow lights industry growth. Conversely, plantation for medicinal plants is expected to create lucrative opportunities for the grow lights market growth during the forecast period.

The global grow lights market size is analyzed into offering, technology, spectrum, installation type, application, and region. Depending on offering, the market is fragmented into hardware, software, and services. The hardware segment dominated the market, in terms of revenue in 2021, and is expected to follow the same trend during the forecast period. On the basis of technology, the market is segregated into high-intensity discharge (HID), light-emitting diode (LED), fluorescent, and others. The LED segment registered the highest growth, in terms of revenue in 2021, and is anticipated to witness significant growth during the forecast period.

By spectrum, the market is divided into narrow and broad. The narrow segment led the market, in terms of revenue in 2021, and is anticipated to garner significant market share during the forecast period. As per installation type, it is divided into new installation and retrofit. Both new installation and retrofit segments are further bifurcated into remote and touch. The market share for the new installation segment was highest in 2021 and is expected to grow at a high CAGR from 2022 to 2031. According to application, the market is differentiated into indoor farming, commercial greenhouse, vertical farming, turf & landscaping, research, and others. The market share for the commercial greenhouse segment was highest in 2021, however, the others segment is expected to grow at a high CAGR from 2022 to 2031.

The grow lights market trends has been significantly impacted by the COVID-19 outbreak. Production facilities of electronics and semiconductors have been halted, owing to slowdown and unavailability of workforce across the globe. However, companies such as BIOS Lighting and Kroptek are looking forward to producing a single grow light, which contains multiple options such as Internet of Things (IoT), dimmable LEDs, and adjusting height of fixtures. Moreover, key players in the global grow light market are shifting toward agile supply chain network model that has multiple pathways to prevent single points of failure. It can help them balance costs with better assurance for business continuity and sustainability.

Region wise, Europe holds a significant share in the grow lights market analysis, owing to rapid increase in urban agriculture, such as vertical farming, green houses, and growth chambers. However, Asia-Pacific is expected to exhibit the highest CAGR of 29.4% during the forecast period. The key players profiled in the report include BIOS Lighting, Fluence (Osram), GE Current, Heliospectra AB, HORTILUX SCHRÉDER, Kroptek, SANlight GmbH, Signify N.V., Valoya, and Vertically Urban. Market players have adopted various strategies such as product launch, collaboration & partnership, innovation, projects, joint venture, and acquisition to expand their foothold in the grow light market.

Companies Mentioned

  • Bios Lighting
  • Fluence (Osram)
  • Ge Current
  • Heliospectra Ab
  • Hortilux Schreder
  • Kroptek
  • Sanlight GmbH
  • Signify N.V.
  • Valoya Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages280
PublishedJuly 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 2421.7 million
Forecasted Market Value ( USD ) by 2031 $ 27348.3 million
Compound Annual Growth Rate27.4%
Regions CoveredGlobal
No. of Companies Mentioned9

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