Grow Light Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research

Grow Light Market was valued at US$ 2.78 Bn. in 2023 and the total Grow Light revenue is expected to grow at 24.9% from 2024 to 2030, reaching nearly US$ 13.20 Bn.

𝐆𝐫𝐨𝐰 𝐋𝐢𝐠𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The rise in urban cultivation, vertical farming, and eco-friendly fruit and vegetable production is fueling the growth of the grow light market. Global population growth has increased the demand for urban agriculture, with vertical farming becoming more popular. Grow lights help extend natural daylight hours, leading to healthier plants and higher yields. The use of artificial lights such as plasma, LED, and high-pressure sodium can increase crop availability throughout the year. The growing population and limited fertile land are key factors expected to drive market growth in the coming years. Urban cultivation and vertical farming, focused on environmentally-friendly production of fruits and vegetables, are growing due to increased global population and demand for urban agriculture. Vertical farming in stacked layers like warehouses or containers is also driving market growth.

The major key players are the Royal Philips, General Electric Company, Gavita Holland B.V., LumiGrow, Inc., Heliospectra AB, Borst Bloembollen B.V., Transcend Lighting Inc., Sunlight Supply Inc., Beacon Lighting India, Walters Garden, Inc., and Osram Licht AG. Europe held the largest market share in the Grow Light Market in 2023, with over 32% of revenue, expected to continue dominating. Population growth and limited fertile land are driving market demand, alongside increasing awareness of alternative farming. Asia Pacific's market is expected to grow significantly due to the adoption of genetically modified crops, with nations also transitioning to LED lights to save energy and reduce greenhouse gas emissions. In Africa, urban population growth and commercial indoor farming will drive demand, but funding shortages and limited resources may hinder regional expansion. Innovative techniques like vertical farming and sack gardens are being used to address these challenges in the region.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.maximizemarketresearch.com/request-sample/13138/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

February 2024: AeroGarden launched Harvest 2.0, a sleek and easy-to-use indoor garden in black and white. The redesigned 15W LED grow light with timer helps plants grow faster. It provides gentle illumination and minimizes light directed away from plants. More varieties are coming soon.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰 𝐋𝐢𝐠𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚 :https://www.maximizemarketresearch.com/request-sample/13138/

𝐆𝐫𝐨𝐰 𝐋𝐢𝐠𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

HID
LED
Fluorescent
Induction
Plasma

𝐛𝐲 𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐚𝐭𝐢𝐨𝐧

New
Retrofit

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Indoor Farming
Vertical Farming
Commercial Greenhouse
Research
Others

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Online
Offline

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/13138/

𝐆𝐫𝐨𝐰 𝐋𝐢𝐠𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐥𝐞𝐚𝐝𝐞𝐫𝐬

Royal Philips
General Electric Company
Gavita Holland B.V.
LumiGrow, Inc.
Heliospectra AB
Borst Bloembollen B.V.
Transcend Lighting Inc.
Sunlight Supply Inc.
Beacon Lighting India
Walters Garden, Inc.
Osram Licht AG
Green Sense Farms
Eye Hortilux
ILUMINAR Lighting
A Daintree Company
PARsource
A Savant Company
Hubbell

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/global-grow-lights-market/13138/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰 𝐋𝐢𝐠𝐡𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Which region has the largest share in Global Grow Light Market?
What is the growth rate of Global Grow Light Market?
What is scope of the Global Grow Light market report?
What is the projected market size & growth rate of the Grow Light Market?
What segments are covered in the Grow Light Market report?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Grow Light Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Grow Light Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by
Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐡𝐚𝐬 𝐚𝐥𝐬𝐨 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧

Asia Pacific MRI (Magnetic Resonance Imaging) Market is expected to reach US$ 3.77 Bn. by 2027, at a CAGR of 2.20% during the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/asia-pacific-mri-magnetic-resonance-imaging-market/10225/

Humanoid Robot Market size was valued at USD 1.5 Billion in 2023 and the total Humanoid Robot revenue industry is expected to grow at a CAGR of 47 % from 2024 to 2030, reaching nearly USD 22.62 Billion by 2030.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/global-humanoid-robot-market/10567/

Electric Vehicle Battery Market size was valued at USD 289.36 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 27.2 % through 2024 to 2030, reaching nearly USD 1558.15 Bn.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/electric-vehicle-battery-market/12071/

Indian Semiconductor Market reached a value of US$ 35.18 Bn. in 2023. Indian Semiconductor Market size is expected to grow at a CAGR of 27.2% during the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/indian-semiconductor-market/14504/

Hollow Fiber Filtration Market was valued at USD 352.12 Mn. in 2023 and is estimated to reach a value of US$ 919.68 Mn. in 2030. Hollow Fiber Filtration Market size is estimated to grow at a CAGR of 14.7% over the forecast period.

𝐆𝐞𝐭 𝐈𝐧𝐟𝐨:https://www.maximizemarketresearch.com/market-report/global-hollow-fiber-filtration-market/16948/

𝐌𝐀𝐗𝐈𝐌𝐈𝐙𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐑𝐄𝐒𝐄𝐀𝐑𝐂𝐇 𝐏𝐕𝐓. 𝐋𝐓𝐃.

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Maximize Market Research is a global Market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more. Their services cover Market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence. Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their Market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving Market landscape.

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