Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

“The grow lights market is projected to reach USD 2.5 billion in 2025 from USD 1.0 billion in 2020, at CAGR of 19.9%.”
Major factors influencing the grow lights market’s growth are the increasing adoption of indoor farming in urban areas; ongoing government initiatives to support energy-efficient lighting; the growing need for long-lasting, energy-efficient, and economical grow lights; the emerging trend of farm-to-table concept. Further, the rise of vertical farms, technological advancements in LED grow lights, the legalization of cannabis in different countries including the US, and the emergence of horticulture lighting software and calculator will create opportunities for the grow lights market. The major restraint for the market is the high setup and installation costs. The lack of standard testing practices for assessing product quality of grow lights and their fixtures pose a major challenge to this market.

New installations to hold larger share of grow lights market during forecast period
The demand for fresh horticultural produce is increasing with the growing population. This is expected to encourage growers to set up new greenhouses and expand their existing production facilities to cultivate higher yield each year. The emergence of vertical farms, particularly in urban settings, is also contributing to the overall increase in horticultural output. Plants grown in vertical farms are entirely dependent on artificial lighting for photosynthesis; this factor is driving the growth of the market for new installations.

Among all applications, commercial greenhouses held largest share of grow lights market in 2019
The commercial greenhouse accounted for the largest share of nearly 47% of the grow lights market, by application, in 2019. Commercial greenhouses have witnessed increased automation in the last decade, and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield. Growers are gradually realizing the potential benefits of cultivating plants inside a greenhouse; this has contributed to the development of commercial greenhouses.

Europe to hold largest share of grow lights market during forecast period
Europe is expected to continue to dominate the grow lights market during the forecast period. This region has been using grow light systems for the past few decades in controlled environment agriculture (CEA) such as greenhouses, vertical farming, and indoor farming. The use of grow lights in this region is gradually increasing; from being a supplemental lighting source, grow lights are becoming the primary source of light in indoor farming operations. The population of Europe has grown significantly in recent years, and countries in the region are importing fruits and vegetables from the external markets of Africa and Asia in frozen form. To reduce dependency on imports, some of the major countries in this region are increasingly adopting CEA to obtain fresh produce from locally cultivated farms. This, in turn, is expected to generate a huge demand for grow light systems in the future.

Signify Holding (Netherlands), General Electric Company (US), Osram GmbH (Germany), Gavita International B. V. (Netherlands), Helliospectra AB (Sweden), Iwasaki Electric Co., Ltd. (Japan), Illumitex (US), Hortilux Schréder (Netherlands), California Lightworks (US), Zuzi Technology (China), AeroFarms (US), Emium LLC (US), InduLux Technologies (Canada), Valoya (Finland), Kessil (US), Thrive Agritech (US), VividGro (US), Bowery Farming, Inc. (US), Metropolis Farms (US), and Crop One Holdings (US) are a few major players in the grow lights market.

Breakdown of primary participants’ profile:
By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
By Designation: C-level Executives = 40%, Directors = 25%, and Others = 35%
By Region: North America = 40%, Europe = 30%, APAC = 20%, and RoW = 10%

Research Coverage:
Watt, lighting type, installation type, offering, application, and geography are the segments covered in this report. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:
This report includes statistics pertaining to the grow lights market in terms of watt, lighting type, installation type, offering, application, geography, along with their respective market sizes.
Major drivers, restraints, opportunities, and challenges for the grow lights market have been provided in detail in this report.
The report includes illustrative segmentation, analysis, and forecast for the grow lights market based on its segments and subsegments.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN GROW LIGHTS MARKET
    • GROW LIGHTS MARKET, BY APPLICATION
    • GROW LIGHTS MARKET IN EUROPE, BY APPLICATION AND COUNTRY
    • GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE
    • GROW LIGHTS MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
        • Table EFFECTS OF DIFFERENT SPECTRUMS OF GROW LIGHTS ON DIFFERENT TYPES OF PLANTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
    • COVID-19 IMPACT ON GROW LIGHTS MARKET
      • OVERVIEW AND STATISTICS
      • IMPACT ON GROW LIGHTS MARKET
  • GROW LIGHTS MARKET, BY WATT
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY WATT, 2017–2025 (USD MILLION)
    • <300 WATT
      • <300 WATT TYPE OF GROW LIGHTS ARE LARGELY USED FOR CANNABIS PRODUCTION
        • Table <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    • >300 WATT
      • >300 WATT TYPE OF GROW LIGHTS ARE SUITABLE FOR VEGETABLE AND FLOWER PRODUCTION
        • Table >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
  • GROW LIGHTS MARKET, BY LIGHTING TYPE
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY LIGHTING TYPE, 2017–2025 (USD MILLION)
    • TOPLIGHTING
      • TOPLIGHTING—WIDELY USED LIGHTING TYPE IN INDOOR FARMING
        • Table GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION, 2017–2025 (USD MILLION)
    • INTERLIGHTING
      • INTERLIGHTING TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
        • Table GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION, 2017–2025 (USD MILLION)
  • GROW LIGHTS MARKET, BY INSTALLATION TYPE
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
    • NEW INSTALLATIONS
      • GROWING ADOPTION OF VERTICAL FARMING BOOST NEW INSTALLATIONS OF GROW LIGHTS
        • Table GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2025 (USD MILLION)
    • RETROFIT INSTALLATIONS
      • RETROFITTING INSTALLATION OF GROW LIGHTS HELP SAVE ENERGY, IMPROVE PLANT QUALITY, AND REDUCE MAINTENANCE COST
        • Table GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2025 (USD MILLION)
  • GROW LIGHTS MARKET, BY OFFERING
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY OFFERING, 2017–2025 (USD MILLION)
    • HARDWARE
      • BULBS AND FIXTURES, METAL REFLECTORS, REFLECTIVE FILMS, AND BALLASTS ARE KEY HARDWARE COMPONENTS OF GROW LIGHT SYSTEM
        • Table GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2017–2025 (USD MILLION)
    • SOFTWARE & SERVICES
      • SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER CAGR IN GROW LIGHT MARKET DURING 2020–2025
        • Table GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2017–2025 (USD MILLION)
  • GROW LIGHTS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    • COMMERCIAL GREENHOUSE
      • COMMERCIAL GREENHOUSE USE GROW LIGHTS TO ACHIEVE HIGHER YIELD
        • Table GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY WATT, 2017–2025 (USD MILLION)
        • Table GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY REGION, 2017–2025 (USD MILLION)
    • VERTICAL FARMING
      • OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
        • Table GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATT, 2017–2025 (USD MILLION)
        • Table GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2017–2025 (USD MILLION)
    • INDOOR FARMING
      • RISE IN GLOBAL POPULATION AND INCREASING REQUIREMENT FOR FOOD ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING
        • Table GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATT, 2017–2025 (USD MILLION)
        • Table GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2017–2025 (USD MILLION)
    • OTHERS
      • Table GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATT, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY REGION, 2017–2025 (USD MILLION)
    • NORTH AMERICA
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
      • US
        • Table GROW LIGHTS MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION)
      • CANADA
        • Table GROW LIGHTS MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION)
      • MEXICO
        • Table GROW LIGHTS MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION)
    • EUROPE
      • Table GROW LIGHTS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE, 2017—2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY OFFERING, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
      • UK
        • Table GROW LIGHTS MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION)
      • GERMANY
        • Table GROW LIGHTS MARKET IN GERMANY, BY APPLICATION, 2017–2025 (USD MILLION)
      • NETHERLANDS
        • Table GROW LIGHTS MARKET IN NETHERLANDS, BY APPLICATION, 2017–2025 (USD MILLION)
      • SCANDINAVIA
        • Table GROW LIGHTS MARKET IN SCANDINAVIA, BY APPLICATION, 2017–2025 (USD MILLION)
      • REST OF EUROPE
        • Table GROW LIGHTS MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
    • APAC
      • Table GROW LIGHTS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY OFFERING, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
      • CHINA
        • Table GROW LIGHTS MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION)
      • JAPAN
        • Table GROW LIGHTS MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION)
      • AUSTRALIA
        • Table GROW LIGHTS MARKET IN AUSTRALIA, BY APPLICATION, 2017–2025 (USD MILLION)
      • REST OF APAC
        • Table GROW LIGHTS MARKET IN REST OF APAC, BY APPLICATION, 2017–2025 (USD MILLION)
    • REST OF THE WORLD
      • Table GROW LIGHTS MARKET IN ROW, BY COUNTRY, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY OFFERING, 2017–2025 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
      • SOUTH AMERICA
        • Table GROW LIGHTS MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2025 (USD THOUSAND)
      • MIDDLE EAST
        • Table GROW LIGHTS MARKET IN MIDDLE EAST, BY APPLICATION, 2017–2025 (USD MILLION)
      • AFRICA
        • Table GROW LIGHTS MARKET IN AFRICA, BY APPLICATION, 2017–2025 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS OF KEY PLAYERS IN GROW LIGHTS MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS, 2019–2020
      • CONTRACTS
        • Table CONTRACTS, 2019–2020
      • COLLABORATIONS
        • Table COLLABORATIONS, 2019
    • COMPETITIVE LEADERSHIP MAPPING, 2019
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • KEY PLAYERS
      • SIGNIFY HOLDING
      • GAVITA INTERNATIONAL B.V.
      • GENERAL ELECTRIC COMPANY
      • OSRAM GMBH
      • HELIOSPECTRA AB
      • IWASAKI ELECTRIC CO., LTD.
      • ILLUMITEX
      • HORTILUX SCHRÉDER
      • CALIFORNIA LIGHTWORKS
      • ZUZI TECHNOLOGY
    • OTHER IMPORTANT PLAYERS
      • AEROFARMS
      • EMIUM LLC
      • INDULUX TECHNOLOGIES
      • VALOYA
      • KESSIL
    • KEY INNOVATORS
      • THRIVE AGRITECH
      • VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION)
      • BOWERY FARMING, INC.
      • METROPOLIS FARMS
      • CROP ONE HOLDINGS
  • APPENDIX
    • OTHER INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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