Grow Lights Market Size, Share, By Offering (Hardware, Software, and Services), By Wattage (<300 Watts, and >=300 Watts), By Spectrum (Full Spectrum, and Limited Spectrum), By Installation (New Installations, and Retrofit Installations), By Light Source (

Grow Lights Market Size, Share, By Offering (Hardware, Software, and Services), By Wattage (<300 Watts, and >=300 Watts), By Spectrum (Full Spectrum, and Limited Spectrum), By Installation (New Installations, and Retrofit Installations), By Light Source (High-Intensity Discharge, LEDs, and Fluorescent Lights), By Application (Indoor Farming, Vertical Farming, Greenhouse, House Gardening, and Other), By Distribution Channels (Direct Sale and Indirect Sale), and By Region - Trends, Analysis and Forecast till 2034

Grow lights market is expected to be driven by the increasing R&D activities to develop hybrid plants and crops, and increasing adoption of vertical farming. In addition, increasing need for enhancing agricultural production efficiency, food safety, and quality of fruits and vegetables are another factors propelling growth of the global market.

Grow Lights Market Report Highlights:

• The grow lights market size was valued at USD 2.5 billion in 2023.
• The market is expected to be worth 21.4 billion by 2034 growing at a CAGR of 26.6%.
• Asia Pacific held the largest share of the market in 2024.
• North America is projected to be the fastest-growing market in the coming years.
• By offering, hardware dominate the target market growth.
• By wattage, <300 Watts dominate the target market growth.
• By spectrum, limited spectrum segment holds the largest share of the market
• By installation, retrofit installation segment holds the largest share of the market.
• By light source, LEDs dominate the target market growth.
• By application, vertical farming is expected to dominate the target market growth.
• By distribution channels, indirect sale segment is expected to dominate the target market growth.

Grow Lights Market Key Highlights:

Asia Pacific: This region is expected to dominate the growth of the market during forecast period due to diverse climatic conditions, tropical regions, rising population, technological advancements in farming sector and increasing agricultural yields.

North America: This region is considered to be the fastest growing region in the target market as countries, such as the U.S. and Canada, are leading the charge significantly due to advancements in farming sector, strong government support and increasing demand for high-value crops.

Grow Lights Market Report Analysis:

Empowering Plant Growth with LED Grow Lights:

In India, Fluortronix is the top producer of LED grow lights for horticulture and indoor agriculture. Utilise state-of-the-art technology to boost plant growth. The main goal is to offer the best grow lights possible, which will give plants the ideal light spectrum, increasing crop quality and yields. Grow lights are designed with the latest LED technology and optimized for efficiency and performance. The products are highly customizable, allowing growers to tailor the light spectrum to their specific crop requirements.

Browse ∼52 market data tables and ∼46 figures through ∼175 slides and in-depth TOC on “Grow Lights Market Size, Share, By Offering (Hardware, Software, and Services), By Wattage (<300 Watts, and >=300 Watts), By Spectrum (Full Spectrum, and Limited Spectrum), By Installation (New Installations, and Retrofit Installations), By Light Source (High-Intensity Discharge, LEDs, and Fluorescent Lights), By Application (Indoor Farming, Vertical Farming, Greenhouse, House Gardening, and Other), By Distribution Channels (Direct Sale and Indirect Sale), and By Region - Trends, Analysis and Forecast till 2034”

Competitive Landscape of Grow Lights Market:

The key players operating in the grow lights market include EPISTAR Corporation, Signify Holding, Hydroponics, Hydrogrow, Savant Systems, Inc., IWASAKI ELECTRIC CO., LTD., Heliospectra, EVERLIGHT ELECTRONICS CO., LTD., ams-OSRAM AG, LEDVANCE GmbH, Gavita International B.V., California LightWorks, Hortilux Schreder, Valoya, Inc., ILUMINAR Lighting LLC, Bridgelux, Inc., and Ennostar Inc.
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