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The grow light market is forecasted to grow by USD 12.37 billion during 2023-2028, accelerating at a CAGR of 20.57% during the forecast period. The report on the grow light market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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 growing popularity of urban agriculture, advances in led lighting technology for horticultural applications, and need to improve the yield of crops and reduce crop wastage.
The grow light market is segmented as below:
By Application
- Commercial green house
- Vertical farming
- Indoor farming
- Research
By Product
- HID
- LED lights
- Fluorescent lights
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the grow light market covers the following areas:
- Grow light market sizing
- Grow light market forecast
- Grow light market industry analysis
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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the grow light market: Aerogrow International Inc., Agnetix, ALTO India, ams OSRAM AG, Black Dog Grow Technologies Inc., California LightWorks, Crecer Lighting, EconoLux Industries Ltd., Everlight Electronics Co. Ltd., General Electric Co., Heliospectra AB, Hubbell Inc., Hydrofarm LLC, Koninklijke Philips N.V., Lemnis Oreon BV, Samsung Electronics Co. Ltd., Sanan Optoelectronics Co. Ltd., Signify NV, Thrive Agritech, and ViparSpectra.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is application of grow lights in plant disease detection and monitoring."
According to the report, one of the major drivers for this market is the growing popularity of urban agriculture.
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:
- Aerogrow International Inc.
- Agnetix
- ALTO INDIA
- ams OSRAM AG
- Black Dog Grow Technologies Inc.
- California LightWorks
- Crecer Lighting
- EconoLux Industries Ltd.
- Everlight Electronics Co. Ltd.
- General Electric Co.
- Heliospectra AB
- Hubbell Inc.
- Hydrofarm LLC
- Koninklijke Philips N.V.
- Lemnis Oreon BV
- Samsung Electronics Co. Ltd.
- Sanan Optoelectronics Co. Ltd.
- Signify NV
- Thrive Agritech
- ViparSpectra
