Australia Grow Light Market Size & Outlook, 2026-2033
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Australia grow light market highlights
- The Australia grow light market generated a revenue of USD 211.9 million in 2025 and is expected to reach USD 899.6 million by 2033.
- The Australia market is expected to grow at a CAGR of 20% from 2026 to 2033.
- In terms of segment, commercial greenhouse was the largest revenue generating application in 2025.
- ApplicationVertical Farming is the most lucrative application segment registering the fastest growth during the forecast period.
Grow light market data book summary
| Market revenue in 2025 | USD 211.9 million |
| Market revenue in 2033 | USD 899.6 million |
| Growth rate | 20% (CAGR from 2026 to 2033) |
| Largest segment | Commercial greenhouse |
| Fastest growing segment | ApplicationVertical Farming |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indoor Farming, ApplicationVertical Farming, Commercial Greenhouse |
| Key market players worldwide | AeroFarms, Everlight Electronics, Illumitex, LumiGrow, OSRAM Licht AG, Heliospectra, Gavita, Hortilux Schréder |
Other key industry trends
- In terms of revenue, Australia accounted for 3.0% of the global grow light market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China grow light market is projected to lead the regional market in terms of revenue in 2033.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,121.3 million by 2033.
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Grow Light Market Scope
Grow Light Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hortilux Schréder | View profile | 11-50 | Monster, Zuid-Holland, The Netherlands, Europe | https://www.hortilux.com/ |
| Gavita | View profile | 51-100 | Rozenburg, Noord-Holland, The Netherlands, Europe | https://www.gavita.com |
| Heliospectra | View profile | 11-50 | Gothenburg, Vastra Gotaland, Sweden, Europe | http://www.heliospectra.com |
| AeroFarms | View profile | 101-250 | Newark, New Jersey, United States, North America | http://www.aerofarms.com |
| LumiGrow | View profile | 11-50 | Emeryville, California, United States, North America | http://www.lumigrow.com |
| Illumitex | View profile | 51-100 | Austin, Texas, United States, North America | https://www.illumitex.com |
| Everlight Electronics | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | http://www.everlight.com/ |
| OSRAM Licht AG | View profile | 20378 | Tobelbader Strasse 30, Premstaetten, Graz, Austria, 8141 | https://www.ams-osram.com |
Australia grow light market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grow light market will help companies and investors design strategic landscapes.
Commercial greenhouse was the largest segment with a revenue share of 43.98% in 2025. Horizon Databook has segmented the Australia grow light market based on indoor farming, applicationvertical farming, commercial greenhouse covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of grow light market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia grow light market , including forecasts for subscribers. This country databook contains high-level insights into Australia grow light market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Australia grow light market size, by application, 2021-2033 (US$M)
Australia Grow Light Market Outlook Share, 2025 & 2033 (US$M)
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