LED Grow Light Market Report 2025

The LED grow light market size has grown exponentially in recent years. It will grow from $3.86 billion in 2024 to $4.84 billion in 2025 at a compound annual growth rate (CAGR) of 25.3%. The growth in the historic period can be attributed to cost reduction and availability, research and education, regulatory support and incentives, urban agriculture trends, crop yield optimization.

The LED grow light market size is expected to see exponential growth in the next few years. It will grow to $12.66 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to consumer awareness and demand, market globalization, emergence of new crops, research and development investments, shift towards sustainable agriculture, expansion of indoor farming. Major trends in the forecast period include market diversification, modular and flexible designs, advancements in efficiency, adoption of smart lighting solutions, vertical farming and urban agriculture.

The anticipated expansion of indoor farming is expected to significantly boost the LED grow lights market in the coming years. Indoor farming involves cultivating crops indoors, often in environments with minimal or no natural sunlight. LED grow lights play a crucial role in the photosynthesis process, providing a specific light spectrum designed for objectives like enhancing anthocyanin accumulation, inhibiting flowering, and promoting root development in indoor plants. Consequently, as indoor farming grows, so does the demand for LED grow lights. For example, the indoor farming sector is projected to reach $9.7 billion globally by 2026, as of June 2023. This growth is driven by factors such as increasing urbanization, the rising demand for locally sourced food, and advancements in agricultural technology. Thus, the growth of indoor farming is a key driver of the LED grow lights market.

The LED grow lights market is expected to experience growth due to the increasing prevalence of gardening activities. Gardening encompasses various tasks involved in cultivating and caring for plants in outdoor spaces. LED grow lights play a vital role in gardening by providing the necessary light spectrum for seed germination and year-round cultivation. The National Gardening Association's 2023 Highlights reported that the average household spent $616 on lawn and gardening-related activities in 2022, indicating a widespread participation rate of 80%. This rise of garden activities is contributing to the increased demand for LED grow lights.

Leading companies in the LED grow light market are concentrating on creating innovative products, such as the next generation of LED lights, to improve energy efficiency and optimize plant growth. These next-generation LED lights are sophisticated systems that enhance energy efficiency, control the light spectrum, and extend longevity. They are specifically optimized for horticultural applications, where precise wavelengths support optimal plant growth. For example, in January 2023, Polymatech Electronics Private Limited, an Indian manufacturing firm, introduced its next-generation horticulture LED grow light, branded as Ravaye. This product provides a full spectrum of light essential for fostering healthier and faster plant growth by accelerating photosynthesis and enhancing nutritional value. The innovative lighting system is tailored for professional horticulture applications, such as vertical farming and greenhouses, while also lowering lighting costs for farmers.

Major players in the LED grow lights market are leveraging innovation to introduce advanced horticulture LED grow lights. These lights incorporate cutting-edge technology to optimize plant growth and increase crop yield in controlled environments. Polymatech Electronics Private Limited introduced RavayeTM in November 2023, a next-generation horticulture LED grow light designed for vertical farming, hydroponics, and horticulture applications. RavayeTM provides a full-spectrum lighting solution, promoting healthier plant growth, accelerating photosynthesis, enhancing plant immunity, and increasing nutritional value.

In January 2022, Scotts Miracle-Gro Company made a strategic move by acquiring Luxx Lighting, a developer of high-performance grow lights. This acquisition aligns with the company's strategy to enhance offerings for commercial cannabis cultivators, demonstrating the growing importance of advanced lighting solutions in the LED grow lights market.

Major companies operating in the LED grow light market include Illumitex Inc., LumiGrow Inc., Heliospectra AB, Bridgelux Inc., General Electric Company, Samsung Electronics Co Ltd., Senmatic A/S, Shenzhen Grow LED Technology Co. Ltd., Signify NV, Valoya Ltd., Violet Gro Inc., Cidly Co Ltd., Kessil Lighting, Kind LED Grow Lights, LED Hydroponic Ltd., Sollum Technologies, Urban Crop Solutions, Light Science Technologies Ltd., Light Extraction, Gavita International B.V., Vivosun, ams-OSRAM AG, California LightWorks, EYE Hortilux, Hortilux Schréder, Koninklijke Philips N.V., Crecer Lighting, Mars Hydro, Darkless.

Asia-Pacific was the largest region in the LED grow light market in 2024. The regions covered in the led grow light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the led grow light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

LED grow lights are specialized light-emitting diode (LED) lights designed to facilitate photosynthesis in plants, enabling plant growth in the absence of sunlight or under low sunlight conditions. These lights are particularly utilized for cultivating indoor crops.

The LED grow light market covered in this report is segmented based on the spectrum, wattage, and installation types. In terms of spectrum, it is categorized into narrow and broad. Narrow spectrum lights emit light at specific wavelengths, particularly in the red and blue ranges. The wattage is classified into low power (< 100 W), medium power (100-300 W), and high power (>300 W). The installation types include new installation and retrofit. These LED grow lights find applications in various sectors, including indoor farming, commercial greenhouses, vertical farming, turf and landscaping, research, and other related areas.

The LED grow lights market research report is one of a series of new reports that provides LED grow lights market statistics, including LED grow lights industry global market size, regional shares, competitors with a LED grow lights market share, detailed LED to grow lights market segments, market trends and opportunities and any further data you may need to thrive in the LED grow lights industry. This LED grow lights market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The LED grow light market consists of sales of single-ended and double-ended grow lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.