Global grow Light Market 2024-2028

Description

List of Tables

The grow light market is forecasted to grow by USD 12379.4 mn 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.

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.

Technavio's grow light market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	16.8%
CAGR	20.57%
Incremental Value	$12379.4 mn

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

This study identifies the application of grow lights in plant disease detection and monitoring as one of the prime reasons driving the grow light market growth during the next few years. Also, rising popularity of hydroponic farming systems and rising prominence of iot in grow light technology will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grow light market vendors that include 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. Also, the grow light 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 publisher 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.

Product Code: IRTNTR74651

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 Product
- 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 Grow Light Market 2018 - 2022
- Historic Market Size - Data Table on Global Grow Light Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product 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 green house - Market size and forecast 2023-2028
- Chart on Commercial green house - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial green house - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial green house - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial green house - 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 Research - Market size and forecast 2023-2028
- Chart on Research - Market size and forecast 2023-2028 ($ million)
- Data Table on Research - Market size and forecast 2023-2028 ($ million)
- Chart on Research - Year-over-year growth 2023-2028 (%)
- Data Table on Research - 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 Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 HID - Market size and forecast 2023-2028
- Chart on HID - Market size and forecast 2023-2028 ($ million)
- Data Table on HID - Market size and forecast 2023-2028 ($ million)
- Chart on HID - Year-over-year growth 2023-2028 (%)
- Data Table on HID - Year-over-year growth 2023-2028 (%)
7.4 LED lights - Market size and forecast 2023-2028
- Chart on LED lights - Market size and forecast 2023-2028 ($ million)
- Data Table on LED lights - Market size and forecast 2023-2028 ($ million)
- Chart on LED lights - Year-over-year growth 2023-2028 (%)
- Data Table on LED lights - Year-over-year growth 2023-2028 (%)
7.5 Fluorescent lights - Market size and forecast 2023-2028
- Chart on Fluorescent lights - Market size and forecast 2023-2028 ($ million)
- Data Table on Fluorescent lights - Market size and forecast 2023-2028 ($ million)
- Chart on Fluorescent lights - Year-over-year growth 2023-2028 (%)
- Data Table on Fluorescent lights - Year-over-year growth 2023-2028 (%)
7.6 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 (%)
7.7 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ 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 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 (%)
9.7 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 (%)
9.8 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 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 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - 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 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - 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 Aerogrow International Inc.
- Aerogrow International Inc. - Overview
- Aerogrow International Inc. - Product / Service
- Aerogrow International Inc. - Key offerings
12.4 Agnetix
- Agnetix - Overview
- Agnetix - Product / Service
- Agnetix - Key offerings
12.5 ams OSRAM AG
- ams OSRAM AG - Overview
- ams OSRAM AG - Business segments
- ams OSRAM AG - Key news
- ams OSRAM AG - Key offerings
- ams OSRAM AG - Segment focus
12.6 California LightWorks
- California LightWorks - Overview
- California LightWorks - Product / Service
- California LightWorks - Key offerings
12.7 Crecer Lighting
- Crecer Lighting - Overview
- Crecer Lighting - Product / Service
- Crecer Lighting - Key offerings
12.8 Everlight Electronics Co. Ltd.
- Everlight Electronics Co. Ltd. - Overview
- Everlight Electronics Co. Ltd. - Product / Service
- Everlight Electronics Co. Ltd. - Key offerings
12.9 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
12.10 Heliospectra AB
- Heliospectra AB - Overview
- Heliospectra AB - Product / Service
- Heliospectra AB - Key offerings
12.11 Hydrofarm LLC
- Hydrofarm LLC - Overview
- Hydrofarm LLC - Product / Service
- Hydrofarm LLC - Key offerings
12.12 Koninklijke Philips N.V.
- Koninklijke Philips N.V. - Overview
- Koninklijke Philips N.V. - Business segments
- Koninklijke Philips N.V. - Key news
- Koninklijke Philips N.V. - Key offerings
- Koninklijke Philips N.V. - Segment focus
12.13 Lemnis Oreon BV
- Lemnis Oreon BV - Overview
- Lemnis Oreon BV - Product / Service
- Lemnis Oreon BV - Key offerings
12.14 Sanan Optoelectronics Co. Ltd.
- Sanan Optoelectronics Co. Ltd. - Overview
- Sanan Optoelectronics Co. Ltd. - Product / Service
- Sanan Optoelectronics Co. Ltd. - Key offerings
12.15 Signify NV
- Signify NV - Overview
- Signify NV - Business segments
- Signify NV - Key news
- Signify NV - Key offerings
- Signify NV - Segment focus
12.16 Thrive Agritech
- Thrive Agritech - Overview
- Thrive Agritech - Product / Service
- Thrive Agritech - Key offerings
12.17 ViparSpectra
- ViparSpectra - Overview
- ViparSpectra - Product / Service
- ViparSpectra - Key offerings

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