India Grow Lights Market Outlook to 2028

India Grow Lights Market Overview

The India Grow Lights market has experienced significant growth, this is reflected by the global grow light market which has reached a market size of 2.9 billion in 2023. This growth is driven by the increasing adoption of advanced agricultural practices, rising awareness about the benefits of indoor farming, and the growing demand for food due to population growth.

The key players in the India Grow Lights market include Philips Lighting, Osram Licht AG, Hortilux Schreder, General Electric Company and Heliospectra AB. These companies dominate the market due to the customer loyalty and consistent innovation in product and marketing strategies.

In 2023, Philips Lighting announced the launch of a new range of LED grow lights specifically designed for vertical farming applications. This development aims to enhance crop yield and energy efficiency, offering a boost to the vertical farming sector in India. The new product line is expected to drive the market further.

Maharashtra emerged as the dominant region in the India Grow Lights market in 2023. The state's dominance is attributed to its advanced agricultural infrastructure, favorable climate for horticulture, and strong government support for sustainable farming practices. Maharashtra's large urban population also drives the demand for locally grown, fresh produce, further boosting the market.

India Grow Lights Market Segmentation

The India grow light Market can be segmented by various factors like product type, end-user, and region.

By Product Type: The India Grow Lights market is segmented by product type into LED grow lights, fluorescent grow lights, and HID grow lights. In 2023, LED grow lights dominated the market share. The dominance of LED grow lights is due to their energy efficiency, longer lifespan, and lower heat output compared to other types. Additionally, the decreasing cost of LED technology has made it more accessible to a wider range of consumers.

By Application: The India Grow Lights market is segmented by application into indoor farming, vertical farming, and commercial greenhouses. Indoor farming dominated the market share in 2023. This segment's growth is driven by the increasing demand for fresh, locally grown produce in urban areas and the advantages of controlled environment agriculture, which allows for year-round production.

By Region: The India Grow Lights market is segmented by region into North, South, East, and West. The Western region, dominated the market share in 2023. Its advanced agricultural infrastructure, large urban population, and supportive government policies make it the leading region in the India Grow Lights market.

India Grow Lights Market Competitive Landscape

Company

Establishment Year

Headquarters

Philips Lighting

1891

Eindhoven, Netherlands

Osram Licht AG

1919

Munich, Germany

Hortilux Schreder

1959

Monster, Netherlands

General Electric Company

1892

Boston, USA

Heliospectra AB

2006

Gothenburg, Sweden

Osram Licht AG: Light + Building 2024 trade fair in February 2024, Osram showcased its advancements in horticulture grow lights, emphasizing their role in sustainable food production through vertical farming. Their technology aims to optimize plant growth, enhance yields, and reduce resource consumption, which aligns with the increasing demand for efficient agricultural solutions.

General Electric: General Electric has launched several LED grow light products, including the GE LED Grow Light for Seeds and Greens and the GE 18-Watt T8 LED Grow Light Bulb. These grow light products are available for purchase through online platforms like Ubuy and Amazon, making them accessible to a wide range of consumers in India.

India Grow Lights Industry Analysis

India Grow Lights Market Growth Drivers

Increasing Demand for Indoor Farming: The demand for indoor farming is witnessing a heave due to the need for efficient food production methods in urban areas. In 2024, indoor farming operations are projected to increase. This growth is driven by urban populations' increasing need for fresh, locally-grown produce.

Rising Health Consciousness Among Consumers: The increasing awareness about the health benefits of consuming fresh, with over 6.78 billion Indian consumers actively looking for healthy food, pesticide-free, indoor-grown vegetables and fruits are in high demand. Consumers are willing to pay a premium for high-quality, organically grown produce, which is encouraging more farmers to adopt grow light technologies to meet this demand.

Technological Advancements in LED Grow Lights: Technological advancements in LED grow lights have enhanced their efficiency and affordability. In 2024, the cost of LED grow lights has decreased by 30%, making them more accessible to small and medium-sized farmers. These advancements have also led to improved light spectrum customization, enabling farmers to optimize light conditions for different crops.

India Grow Lights Market Challenges

Lack of Skilled Labor: The operation and maintenance of advanced grow light systems require specialized knowledge and skills. There are reported shortage of skilled labor in the agricultural sector. This skills gap can hinder the adoption of grow light technologies, as farmers struggle to find qualified personnel to manage these systems effectively.

Energy Consumption Concerns: While LED grow lights are more energy-efficient than traditional lighting solutions, the overall energy consumption of large-scale indoor farming operations is still crucial. The energy consumption for indoor farming is raising concerns about the environmental impact and operational costs.

India Grow Lights Market Government Initiatives

Agri-Tech Infrastructure Fund The AIF aims to provide financial assistance for various agricultural infrastructure projects, including post-harvest management and community farming assets. It has a total allocation of INR 1 lakh crore over a period from FY2020 to FY2029, this will provide financial assistance to farmers and agribusinesses for purchasing and installing advanced lighting systems.

National Horticulture Mission: The National Horticulture Mission has introduced a new scheme in 2024 to promote the use of grow lights in horticulture. The financial assistance for vegetable seed production will be of Rs.50,000 per hectare for the public sector, and the assistance at the rate of 50% subject to a limit of Rs.25,000 to the Private Sector limited to 5 hectares per beneficiary as credit-linked back-ended the subsidy.

India Grow Lights Market Future Outlook

The India Grow Lights market is projected to continue its robust growth trajectory. Factors such as advancements in LED technology, increasing investments in agricultural infrastructure, and supportive government policies promoting sustainable farming practices are expected to drive this growth.

Future Market trends

Expansion of Urban Farming Initiatives: Urban farming initiatives are projected to expand rapidly in major Indian cities such as Mumbai, Delhi, and Bangalore. This growth will be driven by the increasing demand for locally-grown, pesticide-free produce and the availability of advanced grow light technologies that make urban farming viable and profitable.

Increased Investment in R&D: Investment in research and development (R&D) for grow light technologies is expected to increase heavily over the next five years. By 2028, major companies and research institutions are projected to invest heavily in developing next-generation grow lights with higher efficiency, lower energy consumption, and improved performance.
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