China Grow Light Market Size & Outlook, 2022-2030
China grow light market, 2018-2030 (US$M)
Related Markets
China grow light market highlights
- The China grow light market generated a revenue of USD 440.5 million in 2022 and is expected to reach USD 1,648.6 million by 2030.
- The China market is expected to grow at a CAGR of 17.9% from 2023 to 2030.
- In terms of segment, commercial greenhouse was the largest revenue generating application in 2022.
- Vertical Forming is the most lucrative application segment registering the fastest growth during the forecast period.
Grow light market data book summary
| Market revenue in 2022 | USD 440.5 million |
| Market revenue in 2030 | USD 1,648.6 million |
| Growth rate | 17.9% (CAGR from 2022 to 2030) |
| Largest segment | Commercial greenhouse |
| Fastest growing segment | Vertical Forming |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indoor Farming, Vertical Forming, 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, China accounted for 9.4% of the global grow light market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China grow light market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,648.6 million by 2030.
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Grow Light Market Scope
Grow Light Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 37.78% in 2022. Horizon Databook has segmented the China grow light market based on indoor farming, vertical forming, commercial greenhouse covering the revenue growth of each sub-segment from 2018 to 2030.
- China Grow Light Application Outlook (Revenue, USD Million, 2018-2030)
- Indoor Farming
- Vertical Forming
- Commercial Greenhouse
- Others
- China Grow Light Product Outlook (Revenue, USD Million, 2018-2030)
- < 300 Watt
- > 300 Watt
- China Grow Light System Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- China Grow Light Technology Outlook (Revenue, USD Million, 2018-2030)
- High Intensity Discharge
- LED
- Fluorescent
- Plasma
- China Grow Light Installation Outlook (Revenue, USD Million, 2018-2030)
- New Installation
- Retrofit
- China Grow Light Spectrum Outlook (Revenue, USD Million, 2018-2030)
- Partial Spectrum
- Full Spectrum
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Target buyers of China grow light market databook
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Our clientele includes a mix of grow light market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China grow light market , including forecasts for subscribers. This country databook contains high-level insights into China grow light market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China grow light market size, by application, 2018-2030 (US$M)
China Grow Light Market Outlook Share, 2022 & 2030 (US$M)
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