openPR Logo
Press release

LED Grow Light Market is Dazzling Worldwide and Forecast to 2030

02-14-2024 12:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

LED Grow Light Market is Dazzling Worldwide and Forecast to 2030

The global LED grow light market is rapidly growing at a CAGR of 28.2% during the forecasted period of. The growth of this market is attributed to the rising trend of indoor plantation, the cost-effectiveness of LED lights, and growing urban agriculture. With a high CAGR, multiple implementations, and innovations, market players are expected to launch new products, the market is expected to gain government support, and many big brands are expected to invest in the market. LED grow lights are the best for indoor plantations as they have longer lifespans, high efficiency, lower HVAC costs, and close plant proximity making it high growing market.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/led-grow-light-market

Key Growth Factors in the Global LED Grow Light Market

• The growth of the market is driven due to the infrastructure development by big brands at the global scale for the development of LED grow lights. For instance, in August 2023, Signify opened its biggest factory for light sources and luminaires in China. In this venture, Signify will produce high-quality LED light products especially for grow lights including for the Philips brand, for China and the global market. This facility has 192 production lines, and a 200,000-square-meter area with world-class technology for the production of LED grow lights.

• The market is also driven by innovative product launches, tech-driven approaches, and creative designs introduced by the key players of the market. For instance, in June 2023, Fluence announced its latest product launch at GreenTech Amsterdam. The VYPR is the latest product of Fluence, a high-performance linear top light for greenhouse crops. These are available in the market of Europe, the Middle East and Africa region.

• Governments around the globe have been supporting the green agriculture cause and for that, they have been allotting grants to various ventures for the development of LED grow lights for indoor plantation and agriculture. For instance, in February 2022, Light Science Technologies was awarded with $6, 41,390 grant by Innovate UK for the development of its intelligent LED grow lighting cloche solution to strengthen its indoor farming proposition.

• The Middle East and Asia-Pacific market is bringing innovative solutions, collaborations, and partnerships to fulfill the food needs and reduce the imports of fresh produce by using vertical agriculture technology and infrastructure. These kinds of projects will drive the demand for LED growth lights in these markets. For instance, in December 2023, Food Tech Valley and ReFarmTM signed an agreement at COP28 to build a 900,000 sq. ft. GigaFarm. This facility will be able to grow two billion plants per year and recycle more than 50,000 tons of food waste replacing 1% of the country's fresh produce imports. Intelligent Growth Solutions (IGS) will provide the infrastructure for the GigaFarm.

• The major concern that pushing the farmers, governments, and research facilities towards indoor planting and agriculture is climate change. The growing research and development for the growth of indoor agriculture by reducing harmful impacts on the environment is driving the market growth. For instance, in October 2023, a branch of JEM Farms, HORTECA, a new two-acre research facility in a joint venture with ecoation to present the latest green technologies, including advancements in integrated pest management (IPM) to robotics and AI. The partnership also involves the University of Windsor providing a multitude of research opportunities. This collaboration will highlight Sollum's Smart LED Solution for sustainable agriculture.

A full report of LED Grow Light Market is available at: https://www.omrglobal.com/industry-reports/led-grow-light-market

The global LED grow light market is highly competitive due to the availability of big brands. The major market players in the market are Bridgelux, Inc., Cree LED, Everlight Electronics Co. Ltd., Heliospectra AB, Lemnis Oreon BV, OSRAM Licht AG, Savant Systems Inc., and Signify, among others. These market players are consistently bringing new products and investments to the market. For instance, in August 2023, Soltech, the leading innovator in sustainable decor plant lighting launched their latest innovative product in an LED grow light collection called Grove™. The USP of Grove™ is that it can fit into any tiniest place and still can give an aesthetic look and proper lights to the indoor plants.

Related Report

https://www.somosxbox.com.mx/noticias-urgente/cuota-de-mercado-de-fotosintesis-artificial-tendencias-perspectivas-futuras-analisis-y-pronostico-2023-2029/115249/

https://ekz-crosstour.ch/news/wachstum-analysebericht-anteil-trends-und-ueberblick-des-online-gaming-marktes-im-asiatisch-pazifischen-raum-2023-2029/120841/

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LED Grow Light Market is Dazzling Worldwide and Forecast to 2030 here

News-ID: 3384251 • Views:

More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sustainability Preferences
Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become
Railway Management System Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033. Railway Management System Market Overview The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033. Monocalcium Phosphate Market Overview Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033. Automotive Lubricants Market Overview The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by

All 5 Releases


More Releases for LED

HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets. Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside. There are many reasons that
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver