Grow Light Market by Installation (New Installation, Retrofit), Watt (Above 300 Watt, Below 300 Watt), Technology, Product, Lighting Type, Spectrum, Application - Global Forecast 2024-2030

Grow Light Market by Installation (New Installation, Retrofit), Watt (Above 300 Watt, Below 300 Watt), Technology, Product, Lighting Type, Spectrum, Application - Global Forecast 2024-2030


The Grow Light Market size was estimated at USD 2.64 billion in 2023 and expected to reach USD 3.00 billion in 2024, at a CAGR 13.92% to reach USD 6.58 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Grow Light Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Grow Light Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Grow Light Market, highlighting leading vendors and their innovative profiles. These include Aerofarms, Bowery Farming, Inc., California Lightworks, Emium Lighting, LLC, Epistar Corporation, Everlight Electronics Co., Ltd., Gavita International B.V., Heliospectra AB, Hortilux Schreder B.V., Iwasaki Electric Co. Ltd., Kessil, Koninklijke Philips N.V., LumiGrow, Inc., Osram Licht AG, Platinum LED Lights LLC, Savant Systems Inc., Scotts Miracle-Gro Company, Thrive Agritech Inc., Valoya Ltd., and VividGro LED Grow Lights.

Market Segmentation & Coverage



This research report categorizes the Grow Light Market to forecast the revenues and analyze trends in each of the following sub-markets:

Installation
New Installation
Retrofit
Watt
Above 300 Watt
Below 300 Watt
Technology
Fluorescent Lighting
High-intensity Discharge
LED
Product
Hardware
Software & Services
Lighting Type
Interlighting
Toplighting
Spectrum
Full-spectrum
Partial Spectrum
Application
Greenhouse
Indoor Farming
Turf and Landscaping
Vertical Farming
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Grow Light Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Grow Light Market?
3. What are the technology trends and regulatory frameworks in the Grow Light Market?
4. What is the market share of the leading vendors in the Grow Light Market?
5. Which modes and strategic moves are suitable for entering the Grow Light Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Grow Light Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increased Trend of Indoor Farming in Urban Areas
5.1.1.2. Need for Durable, Energy-Efficient, and Economical Grow Lights Supported by Government Initiatives
5.1.1.3. Farm-to-Table Concept Gaining Popularity
5.1.2. Restraints
5.1.2.1. Expensive Setup and Installation Costs and Requirement for Varied Light Spectrums for Different Crops
5.1.3. Opportunities
5.1.3.1. Attractive Vertical Farming Space
5.1.3.2. Technological Advancements in LED Grow Lights
5.1.3.3. Legalization of Cannabis Production
5.1.3.4. Development in Horticulture Lighting Software & Calculator
5.1.4. Challenges
5.1.4.1. Lack of Standards in terms of Quality Check and Assessment
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Grow Light Market, by Installation
6.1. Introduction
6.2. New Installation
6.3. Retrofit
7. Grow Light Market, by Watt
7.1. Introduction
7.2. Above 300 Watt
7.3. Below 300 Watt
8. Grow Light Market, by Technology
8.1. Introduction
8.2. Fluorescent Lighting
8.3. High-intensity Discharge
8.4. LED
9. Grow Light Market, by Product
9.1. Introduction
9.2. Hardware
9.3. Software & Services
10. Grow Light Market, by Lighting Type
10.1. Introduction
10.2. Interlighting
10.3. Toplighting
11. Grow Light Market, by Spectrum
11.1. Introduction
11.2. Full-spectrum
11.3. Partial Spectrum
12. Grow Light Market, by Application
12.1. Introduction
12.2. Greenhouse
12.3. Indoor Farming
12.4. Turf and Landscaping
12.5. Vertical Farming
13. Americas Grow Light Market
13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States
14. Asia-Pacific Grow Light Market
14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam
15. Europe, Middle East & Africa Grow Light Market
15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom
16. Competitive Landscape
16.1. FPNV Positioning Matrix
16.2. Market Share Analysis, By Key Player
16.3. Competitive Scenario Analysis, By Key Player
17. Competitive Portfolio
17.1. Key Company Profiles
17.1.1. Aerofarms
17.1.2. Bowery Farming, Inc.
17.1.3. California Lightworks
17.1.4. Emium Lighting, LLC
17.1.5. Epistar Corporation
17.1.6. Everlight Electronics Co., Ltd.
17.1.7. Gavita International B.V.
17.1.8. Heliospectra AB
17.1.9. Hortilux Schreder B.V.
17.1.10. Iwasaki Electric Co. Ltd.
17.1.11. Kessil
17.1.12. Koninklijke Philips N.V.
17.1.13. LumiGrow, Inc.
17.1.14. Osram Licht AG
17.1.15. Platinum LED Lights LLC
17.1.16. Savant Systems Inc.
17.1.17. Scotts Miracle-Gro Company
17.1.18. Thrive Agritech Inc.
17.1.19. Valoya Ltd.
17.1.20. VividGro LED Grow Lights
17.2. Key Product Portfolio
18. Appendix
18.1. Discussion Guide
18.2. License & Pricing
FIGURE 1. GROW LIGHT MARKET RESEARCH PROCESS
FIGURE 2. GROW LIGHT MARKET SIZE, 2023 VS 2030
FIGURE 3. GROW LIGHT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GROW LIGHT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GROW LIGHT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. GROW LIGHT MARKET DYNAMICS
FIGURE 7. GROW LIGHT MARKET SIZE, BY INSTALLATION, 2023 VS 2030 (%)
FIGURE 8. GROW LIGHT MARKET SIZE, BY INSTALLATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GROW LIGHT MARKET SIZE, BY WATT, 2023 VS 2030 (%)
FIGURE 10. GROW LIGHT MARKET SIZE, BY WATT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GROW LIGHT MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 12. GROW LIGHT MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GROW LIGHT MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 14. GROW LIGHT MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. GROW LIGHT MARKET SIZE, BY LIGHTING TYPE, 2023 VS 2030 (%)
FIGURE 16. GROW LIGHT MARKET SIZE, BY LIGHTING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. GROW LIGHT MARKET SIZE, BY SPECTRUM, 2023 VS 2030 (%)
FIGURE 18. GROW LIGHT MARKET SIZE, BY SPECTRUM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. GROW LIGHT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 20. GROW LIGHT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. AMERICAS GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. AMERICAS GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. UNITED STATES GROW LIGHT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 24. UNITED STATES GROW LIGHT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. ASIA-PACIFIC GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. ASIA-PACIFIC GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. EUROPE, MIDDLE EAST & AFRICA GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 28. EUROPE, MIDDLE EAST & AFRICA GROW LIGHT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 29. GROW LIGHT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 30. GROW LIGHT MARKET SHARE, BY KEY PLAYER, 2023

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