Grow Light Market Share, Trends, Demand, Growth, Analysis and Forecast 2022-2027

According to IMARC Group's latest report, titled "Grow Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global grow light market reached a value of US$ 3.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.99 Billion by 2027, exhib

A grow light or a plant light is an artificial source of light that illuminates in the electromagnetic spectrum to accelerate the growth of the plant by promoting photosynthesis. These lights are primarily used to supplement color, sunlight, and temperature of the crops. The lights are available in high-intensity discharge (HID), light-emitting diodes (LED), fluorescent, and incandescent variants and can be customized according to the goal, such as enhanced rooting, flowering inhibition, and anthocyanin accumulation. As a result, grow lights are extensively used in indoor farming, vertical farming, and landscaping.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Grow Light Market Trends:

The increasing global population and the significant expansion in the agriculture sector are prime factors driving the grow light market across the globe. In addition to this, the widespread adoption of indoor and vertical farming practices and the increasing food demand are acting as other growth-inducing factors. Other factors, such as the development of the internet of things (IoT)-integrated smart glow lights and favorable government policies, are creating a positive outlook for the market.

Grow Light Market Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the grow light market has also been examined along with the profiles of the key players.

Some of these key players include:

Epistar
Everlight Electronics
Gavita International B.V.
General Electric Company
Heliospectra AB
Illumitex Inc.
Koninklijke Philips N.V.
LumiGrow
Osram Licht AG
Shenzhen Juson Technology Co. Ltd.

Key Market Segmentation:

The report has segmented the global grow light market based on technology, installation type, spectrum, application and region.

Breakup by Technology:
HID
LED
Fluorescent
Others
Breakup by Installation Type:
New Installations
Retrofit Installations

Breakup by Spectrum:
Full-Spectrum
Partial Spectrum

Breakup by Application:
Indoor Farming
Vertical Farming
Commercial Greenhouse
Turf and Landscaping
Others

Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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