Grow Light Market Size, Share & Trends Analysis Report By Application (Indoor Farming, Vertical Farming, Commercial Greenhouse), By Product, By System, By Technology, By Installation, By Spectrum, And Segment Forecasts, 2022 - 2030
- Report ID: GVR-1-68038-891-6
- Number of Report Pages: 120
- Format: PDF, Horizon Databook
- Historical Range: 2017 - 2020
- Forecast Period: 2022 - 2030
- Industry: Technology
Market segmentation
- Grow Light Application Outlook (Revenue, USD Million, 2017 - 2030)
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Grow Light Product Outlook (Revenue, USD Million, 2017 - 2030)
- < 300 Watt
- 300 Watt
- Grow Light System Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
- Software
- Grow Light Technology Outlook (Revenue, USD Million, 2017 - 2030)
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Grow Light Installation Outlook (Revenue, USD Million, 2017 - 2030)
- New Installation
- Retrofit
- Grow Light Spectrum Outlook (Revenue, USD Million, 2017 - 2030)
- Partial Spectrum
- Full Spectrum
- Grow Light Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- North America Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- North America Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- North America Grow Light Market, by System
- Hardware
- Software
- North America Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- North America Grow Light Market, by Installation
- New Installation
- Retrofit
- North America Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- U.S.
- U.S. Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- U.S. Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- U.S. Grow Light Market, by System
- Hardware
- Software
- U.S. Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- U.S. Grow Light Market, by Installation
- New Installation
- Retrofit
- U.S. Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- U.S. Grow Light Market, by Application
- Canada
- Canada Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Canada Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Canada Grow Light Market, by System
- Hardware
- Software
- Canada Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Canada Grow Light Market, by Installation
- New Installation
- Retrofit
- Canada Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Canada Grow Light Market, by Application
- Mexico
- Mexico Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Mexico Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Mexico Grow Light Market, by System
- Hardware
- Software
- Mexico Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Mexico Grow Light Market, by Installation
- New Installation
- Retrofit
- Mexico Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Mexico Grow Light Market, by Application
- North America Grow Light Market, by Application
- Europe
- Europe Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Europe Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Europe Grow Light Market, by System
- Hardware
- Software
- Europe Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Europe Grow Light Market, by Installation
- New Installation
- Retrofit
- Europe Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- U.K.
- U.K. Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- U.K. Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- U.K. Grow Light Market, by System
- Hardware
- Software
- U.K. Grow Light Market by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- U.K. Grow Light Market, by Installation
- New Installation
- Retrofit
- U.K. Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- U.K. Grow Light Market, by Application
- Germany
- Germany Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Germany Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Germany Grow Light Market, by System
- Hardware
- Software
- Germany Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Germany Grow Light Market, by Installation
- New Installation
- Retrofit
- Germany Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Germany Grow Light Market, by Application
- Europe Grow Light Market, by Application
- Asia Pacific
- Asia Pacific Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Asia Pacific Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Asia Pacific Grow Light Market, by System
- Hardware
- Software
- Asia Pacific Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Asia Pacific Grow Light Market, by Installation
- New Installation
- Retrofit
- Asia Pacific Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- China
- China Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- China Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- China Grow Light Market, by System
- Hardware
- Software
- China Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- China Grow Light Market, by Installation
- New Installation
- Retrofit
- China Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- China Grow Light Market, by Application
- Japan
- Japan Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Japan Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Japan Grow Light Market, by System
- Hardware
- Software
- Japan Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Japan Grow Light Market, by Installation
- New Installation
- Retrofit
- Japan Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Japan Grow Light Market, by Application
- India
- India Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- India Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- India Grow Light Market, by System
- Hardware
- Software
- India Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- India Grow Light Market, by Installation
- New Installation
- Retrofit
- India Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- India Grow Light Market, by Application
- Asia Pacific Grow Light Market, by Application
- South America
- South America Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- South America Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- South America Grow Light Market, by System
- Hardware
- Software
- South America Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- South America Grow Light Market, by Installation
- New Installation
- Retrofit
- South America Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Brazil
- Brazil Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- Brazil Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- Brazil Grow Light Market, by System
- Hardware
- Software
- Brazil Grow Light Market, by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- Brazil Grow Light Market, by Installation
- New Installation
- Retrofit
- Brazil Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- Brazil Grow Light Market, by Application
- South America Grow Light Market, by Application
- Middle East and Africa (MEA)
- MEA Grow Light Market, by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Others
- MEA Grow Light Market, by Product
- < 300 Watt
- 300 Watt
- MEA Grow Light Market, by System
- Hardware
- Software
- MEA Grow Light Market. by Technology
- High Intensity Discharge (HID)
- LED
- Fluorescent
- Plasma
- MEA Grow Light Market, by Installation
- New Installation
- Retrofit
- MEA Grow Light Market, by Spectrum
- Partial Spectrum
- Full Spectrum
- MEA Grow Light Market, by Application
- North America
Grow Light Market Dynamics
Driver: New Installations And Replacement Of Lights
Grow light is an artificial electric light source that fuels plant growth by producing an electromagnetic spectrum for photosynthesis wherein natural light is unavailable. Greenhouse cultivation is becoming popular among people, and most greenhouses use high-pressure sodium vapor (HPS) lights to supplement the sunlight in their cultivations. Several bulb types are used as grow lights, including fluorescent lights, light-emitting diodes (LED), and high-intensity discharge lights (HID). Growers are replacing HPS lights with LED lights in their existing systems, which save a lot of energy. In addition to the other benefits that LED lights to offer such as control over the light spectrum and intensity, increased energy efficiency, longer service life, and often replacement, among others. As a result, LED lights are now being preferred by the growers for most of the applications.
Driver: Increasing Indoor Cultivation & Vertical Farming
Due to the rising population, changing climatic conditions, and environmental issues such as groundwater depletion and soil degradation, the demand for indoor and urban agriculture has increased. In order to manage and address these issues, governments are also encouraging people to build indoor farms. The introduction of indoor cultivation has enabled farmers to grow all types of crops irrespective of the availability of arable land and/or the quality of soil. Indoor cultivation is increasingly gaining traction, particularly in regions that lack a favorable growing environment. Businesses are either contemplating or have already entered the indoor cultivation business sighting the benefits involved, including minimal dependence on weather conditions, reduced water usage, and production of fresh and high-quality food, among several others.
Restraint: High Costs Of Energy-Efficient Grow Lights
One major issue with the grow lighting system is that they are comparatively expensive to install. Compared to a conventional HPS light, LEDs' initial installation cost is 3-10 times more. This is primarily because each LED grows light unit comprises arrays of LEDs, specifically designed for horticultural applications. These units often contain different LEDs with variations in wavelengths and watts to offer a wide range of light spectrum and intensity for different plant types. There has been a significant increase in players selling LED grow lights in the market over the last few years, but the costs of LED lights haven’t reduced much. LEDs' prices have increased as technology advances instead of decreasing regardless of high competition. These lights also fail to provide the required light spectrum for photosynthesis in plants.
What Does This Report Include?
This section will provide insights into the contents included in this grow light market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Grow light market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Grow light market quantitative analysis
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Market size, estimates, and forecast from 2017 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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