Grow Lights Market Growth Accelerates: 17.6% CAGR to Drive Valuation to US$ 17.55 Billion by 2032

The global grow lights market size was valued at USD 4.08 billion in 2023. The market is anticipated to grow from USD 4.79 billion in 2024 to USD 17.55 billion by 2032, exhibiting a CAGR of 17.6% from 2024 to 2032.

Market Overview:
Grow lights are specially engineered light-emitting devices that replicate the wavelength of light emitted by the sun in order for plants to perform photosynthesis, which is necessary for autonomous food production. Grow lights are useful in environments where natural light cannot penetrate, thereby inhibiting plant development. These artificial light sources can be employed in indoor settings as well as greenhouses. Grow lights help in fulfilling the light requirement of the plant by providing the correct amount of PPFD or Photosynthetic Photon Flux Density, which is a unit measuring the quantity of light being absorbed by the plant per second per square meter.

Download Free Sample PDF Copy of the Report:
https://www.polarismarketresearch.com/industry-analysis/grow-lights-market/request-for-sample

Growth Drivers :
• The adoption of grow lights lies in the fact that crops can be grown in environments such as underground basements or even in indoor home settings. This reduces the need to cultivate land as grow lights act as effective substitutes for the sun, eradicating the need for outdoor planting of crops. Environmental concerns involving the rampant tilling of land can also be managed.

• The increasing population calls for greater food output. This puts undue stress on farmers who have to deal with erratic environmental factors and the tedious labor of preparing for crop planting. Grow lights assist farmers by helping to maintain constant conditions for the growth of plants.

Major Participants:
Grow lights serve as an extremely effective alternative to natural light. Many companies have now jumped on the opportunity to cater to the growing agricultural industry.
• Active Grow LLC
• Agnetix
• Agrolux
• Black Dog Grow Technologies Inc.
• Bridgelux Inc.
• California Lightworks
• CreeLED Inc.
• EconoLux
• Epistar Corporation
• Everlight Electronics Co. Ltd.
• Eye Hortilux
• Foxconn
• Gavita
• GE Current
• GlacialLight
• Heliospectra AB
• Hortilux Schréder (Dool Industries)
• Hubbell Incorporated
• Hydro Grow
• Hyperion Grow Lights
• Illumitex Inc.
• Iluminar Lighting
• Indulux Technologies
• Iwasaki Electric Co. Ltd.
• LumiGrow Inc.
• Nichia Corporation
• Oreon
• Osram Licht AG
• PARsource
• Samsung Electronics Co.Ltd.
• San'an Optoelectronics Co. Ltd.
• Savant Systems Inc.
• Signify Holding
• Thrive Agritech
• Valoya
• ViparSpectra
• VividGrow

Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/grow-lights-market/request-for-discount-pricing

Segmental Analysis
• The grow lights market has been segmented into lighting, technology, installation, application, and region.

• Based on lighting, the market is bifurcated into interlighting and toplighting, with the interlighting category dominating this segment.

• On the basis of installation, the market is segmented into new installation and retrofit installation. There has been a high demand for new installations in 2020.

Grow Lights Market, Lighting Outlook (Revenue, USD Billion, 2019-2032)
• Interlighting
• Toplighting

Grow Lights Market, Technology Outlook (Revenue, USD Billion, 2019-2032)
• Light Emitting Diodes
• High-intensity Discharge Lights
• Fluorescent Lights
• Others

Grow Lights Market, Installation Outlook (Revenue, USD Billion, 2019-2032)
• New Installation
• Retrofit Installation

Grow Lights Market, Application Outlook (Revenue, USD Billion, 2019-2032)
• Vertical Farming
• Commercial Greenhouse
• Indoor Farming
• Others

Inquire more about this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/grow-lights-market/inquire-before-buying

Regional Overview :
• North America
o Lighting Outlook
 Interlighting
 Toplighting
o Technology Outlook
 Light Emitting Diodes
 High-intensity Discharge Lights
 Fluorescent Lights
 Others
o Installation Outlook
 New Installation
 Retrofit Installation
o Application Outlook
 Vertical Farming
 Commercial Greenhouse
 Indoor Farming
 Others

• Europe
o Lighting Outlook
 Interlighting
 Toplighting
o Technology Outlook
 Light Emitting Diodes
 High-intensity Discharge Lights
 Fluorescent Lights
 Others
o Installation Outlook
 New Installation
 Retrofit Installation
o Application Outlook
 Vertical Farming
 Commercial Greenhouse
 Indoor Farming
 Others

• Asia Pacific
o Lighting Outlook
 Interlighting
 Toplighting
o Technology Outlook
 Light Emitting Diodes
 High-intensity Discharge Lights
 Fluorescent Lights
 Others
o Installation Outlook
 New Installation
 Retrofit Installation
o Application Outlook
 Vertical Farming
 Commercial Greenhouse
 Indoor Farming
 Others

• Latin America
o Lighting Outlook
 Interlighting
 Toplighting
o Technology Outlook
 Light Emitting Diodes
 High-intensity Discharge Lights
 Fluorescent Lights
 Others
o Installation Outlook
 New Installation
 Retrofit Installation
o Application Outlook
 Vertical Farming
 Commercial Greenhouse
 Indoor Farming
 Others

• Middle East & Africa
o Lighting Outlook
 Interlighting
 Toplighting
o Technology Outlook
 Light Emitting Diodes
 High-intensity Discharge Lights
 Fluorescent Lights
 Others
o Installation Outlook
 New Installation
 Retrofit Installation
o Application Outlook
 Vertical Farming
 Commercial Greenhouse
 Indoor Farming
 Others

Browse More Research Reports:
Quantum Key Distribution Market:
https://www.polarismarketresearch.com/industry-analysis/quantum-key-distribution-market

Encryption as a Service Market:
https://www.polarismarketresearch.com/industry-analysis/encryption-as-a-service-market

E-Commerce Logistics Market:
https://www.polarismarketresearch.com/industry-analysis/e-commerce-logistics-market

Indonesia, Philippines, Malaysia, and Cambodia Debt Collection Software Market:
https://www.polarismarketresearch.com/industry-analysis/indonesia-philippines-malaysia-and-cambodia-debt-collection-software-market

Behavior Analytics Market:
https://www.polarismarketresearch.com/industry-analysis/behavior-analytics-market

Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.