Latest Release: Grow Lights Market Set for Explosive Growth, Reaching $21.24 Billion by 2030 at 27.4% CAGR

LONDON, 2024-Jun-11 — /EPR Network/ —

The primary goal of Grow Lights market report is to assist clients in making informed business decisions. It guides them in identifying areas that require enhancement, recognizing those that are already flourishing, and supporting new participants as they establish and navigate the competitive landscape. The report also sheds light on the prevailing challenges within the Grow Lights market. The major players in the Grow Lights market are evaluated based on their product and service offerings, financial statements, key developments, strategic approach to the market, position in the market, geographical penetration, and other key features. The chapter also highlights the strengths, weaknesses, opportunities, and threats (SWOT analysis), winning imperatives and current focus strategies. Furthermore, the list of companies included in the market study can also be customized as per the client’s requirements.

The global grow lights market was valued at 3.90 billion in 2023 and is projected to reach 21.24 billion by 2030, growing at a CAGR of 27.4% from 2024 to 2030.

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Competitive Analysis:

In this section, we assess the competitive landscape of the Grow Lights Market, focusing on key players.

Key Players:

BIOS Lighting, Fluence, GE Current, HeliospectraAB,Hortilux Schreder, Kroptek, SANlight GmbH, Signify N.V., California Lightworks, Valoya Oy, EYE Hortilux, and others

Market Segmentation:

In this section, we provide a breakdown of the Grow Lights Market into segments based on different criteria, including the type of analysis, industry verticals, and geographic regions.

Grow Lights Market by Offering, 2020-2030, (USD Billion) (Thousand Units)



Grow Lights Market by Technology, 2020-2030, (USD Billion) (Thousand Units)

High-Intensity Discharge (HID)

Light Emitting Diode (LED)


Grow Lights Market by Application, 2020-2030, (USD Billion) (Thousand Units)

Indoor Farming

Commercial Greenhouse

Vertical Farming

Turf and Landscaping


Grow Lights Market by Spectrum, 2020-2030, (USD Billion) (Thousand Units)



Regional Analysis:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Grow Lights Market in these regions, from 2024 to 2030 (forecast) covering:

Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia–Pacific (China, Japan, Korea, India, and Southeast).

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What Information does this report contain?

Historical data coverage: Growth Projections: 2024 to 2030.

Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-year performance forecasts: major segments covering applications, top products and geographies.

Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Grow Lights Market Size and Share Report 2023-2030 Table of Contents – Major Key Points

  • Introduction
  • Research Methodology
  • Market Dynamics
  • Impact Analysis
  • Value Chain Analysis
  • Porter’s 5 Forces Model
  • PEST Analysis
  • Grow Lights Market Segmentation, By Platform Type
  • Grow Lights Market Segmentation, By Ad Format
  • Grow Lights Market Segmentation, By Enterprise Size
  • Grow Lights Market Segmentation, By Industry Vertical
  • Regional Analysis
  • Company Profiles
  • Competitive Landscape
  • Conclusion

The Grow Lights Market report wraps:

– Industry summary with market definition, key elements such as market restrains, drivers, potential opportunities, challenges, trends in the market, etc.

– Grow Lights Market sectioning depending on product, application, geographical region, competitive market share

– Market size, approximates, forecasts for the said frame of time

– Distribution channel assessment

– Competitive analysis of crucial market manufacturers, trends, company profiles, strategies, etc.

– Factors accountable for the growth of the market

– Thorough assessment of prime market geographically

– Factual information, insights, market date backed by statistics and industry

Get Your Report Customized:

  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe OR Southeast Asia.

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