Grow Lights Market Report 2024 (Global Edition)

Global Grow Lights Market Report 2024 Market Size Split by Offering (Hardware, Software & Services), by Spectrum (Full Spectrum, Limited Spectrum), by Cultivated Plant (Fruits and Vegetables, Flowers,...

Grow Lights Market Report Description

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Competitive Landscape of the Grow Lights Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Grow Lights Industry News 

In July 2022, The AB330 and AB660, the company's new LED grow lights, were unveiled, according to AB Lighting. These grow lights optimize power consumption for modern greenhouse conditions; they are intended for commercial vegetable farmers. These lights were created with the purpose of assisting vegetable growers in achieving increased yields. They do this by providing the continuous run times, full spectrum, and lower wattage that crops require. 

(Source: https://www.globenewswire.com/en/news-release/2022/07/13/2479021/0/en/AB-Lighting-to-Unveil-New-LED-Grow-Lights-at-Cultivate-22-as-Company-Expands-Capabilities-to-Include-Horticulture-Production.html)

Top Companies Market Share in Grow Lights Industry: (In no particular order of Rank)

• AeroFarms
• EVERLIGHT ELECTRONICS CO. LTD.
• GAVITA Holland bv
• Heliospectra AB
• Hortilux Schréder
• Illumitex
• LumiGrow Inc
• Osram Licht AG.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Grow Lights

Which Region Dominates the Grow Lights Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The growing demand for fresh fruit supplied locally, the use of controlled-environment agriculture (CEA) techniques, and government backing for environmentally friendly agricultural methods are some of the factors propelling this rise. The growing grow lights market in the area is also fueled by improvements in lighting technology and the rising popularity of indoor horticulture.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase in the sales of reagents. Growing public awareness of sustainable farming methods, the need for fresh fruit all year round, and government programs encouraging indoor farming are the main drivers of this expansion. Europe has been a major hub for the grow lights business due to the combination of technological improvements in lighting solutions and the demand for food security.

The current report Scope analyzes Grow Lights Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Grow Lights Market

According to Cognitive Market Research, the global Grow Lights market size was estimated at USD 1851.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 740.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.4% from 2024 to 2031. The growing use of controlled-environment agriculture and the need for year-round fresh produce are driving significant growth in the grow lights market in North America. The cannabis production industry, which mostly depends on artificial lighting to maximize plant growth and quality, is one noteworthy sector driving this increase. Government programs encouraging sustainable agricultural methods and developments in LED technology also contribute to the market's growth. The North American grow lights industry, which serves the various demands of both indoor gardening enthusiasts and commercial growers, is positioned for ongoing expansion with a strong emphasis on efficiency, sustainability, and yield maximization.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Grow Lights market with a market size of USD 584.24 million in 2024 and is projected to grow at a CAGR of 29.2% during the forecast period. The demand is amplified by the nation's the increasing adoption of indoor farming techniques, 
• The Canada Grow Lights market had a market share of USD 88.86 million in 2024 and is projected to grow at a CAGR of 30.2% during the forecast period. Canada's rising biotechnology sector and supportive research infrastructure contribute to increased usage of Grow Lights.
• The Mexico Grow Lights market is projected to witness growth at a CAGR of 29.9% during the forecast period with a market size of USD 67.38 million in 2024.

Europe Grow Lights Market

According to Cognitive Market Research, with a market value of USD 1851.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 29.7 % from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 555.36 million. The need for year-round, locally sourced produce and the growing emphasis on sustainable agriculture are driving substantial growth in the grow lights market in Europe. One prominent industry driving this growth is urban farming, where space constraints and environmental concerns require the use of grow lights and controlled environments for agricultural practices. The expanding popularity of home gardening and government backing for creative agricultural techniques also contribute to the market's expansion. Focused on productivity, preservation of resources, and food security, the European grow light market is ready to grow further and meet the changing demands of urban residents and commercial producers who want to cultivate fresh, local products.

• The United Kingdom Grow Lights market had a market share of USD 93.30 million in 2024 and is projected to grow at a CAGR of 30.5% during the forecast period. In the UK, Grow Lights sales witness an upswing due to the nation's robust growing trend of cultivating cannabis for medical and recreational purposes. 
• The France Grow Lights market is projected to witness growth at a CAGR of 28.9% during the forecast period with a market size of USD 51.09 million in 2024.
• According to Cognitive Market Research, the Germany Grow Lights market size was valued at USD 109.96 million in 2024 and is projected to grow at a CAGR of 29.9% during the forecast period. In Germany, Grow Lights sales surge due to the advancements in LED technology. 
• The Italy Grow Lights market is projected to witness growth at a CAGR of 29.1% during the forecast period with a market size of USD 47.76 million in 2024.
• The Russia Grow Lights market is projected to witness growth at a CAGR of 28.7% during the forecast period with a market size of USD 86.08 million in 2024.
• The Spain Grow Lights market is projected to witness growth at a CAGR of 28.8% during the forecast period with a market size of USD 45.54 million in 2024.
• The Luxembourg Grow Lights market is projected to witness growth at a CAGR of 29.8% during the forecast period with a market size of USD 17.22 million in 2024.
• The Portugal Grow Lights market is projected to witness growth at a CAGR of 29.5% during the forecast period with a market size of USD 11.66 million in 2024.
• The Greece Grow Lights market is projected to witness growth at a CAGR of 30.0% during the forecast period with a market size of USD 6.66 million in 2024.
• Rest of Europe Grow Lights market is projected to witness growth at a CAGR of 28.4% during the forecast period with a market size of USD 86.08 million in 2024.

Asia Pacific Grow Lights Market

According to Cognitive Market Research, the global Grow Lights market size was estimated at USD 1851.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 425.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031. The market for grow lights is expanding quickly in the Asia Pacific area due to the growing demand for high-quality product and the growing use of indoor farming methods. The floriculture sector, where producers use grow lights to extend growing seasons and improve flower quality, is one area driving this rise. Furthermore, grow light-powered controlled-environment agriculture is gaining popularity because to rising urbanization and a shortage of arable land. Grow lights provide new solutions to satisfy the changing needs of the agricultural sector and urban populations, and the market is poised for further expansion as countries in the Asia Pacific region concentrate on achieving food security and sustainability.

• According to Cognitive Market Research, the China Grow Lights market size was valued at USD 1191.60 million in 2024 and is projected to grow at a CAGR of 32.7% during the forecast period. Grow Lights sales surge in China due to the nation's rapid expansion in coupled with the rising awareness about energy efficiency and sustainability.
• The Japan Grow Lights market is projected to witness growth at a CAGR of 31.7% during the forecast period with a market size of USD 58.76 million in 2024.
• The India Grow Lights market had a market share of USD 51.09 million in 2024 and is projected to grow at a CAGR of 35.0% during the forecast period. The demand is augmented by India's increasing government initiatives promoting indoor agriculture and the legalization of cannabis.
• The South Korea Grow Lights market is projected to witness growth at a CAGR of 32.3% during the forecast period with a market size of USD 42.58 million in 2024.
• The Australia Grow Lights market is projected to witness growth at a CAGR of 32.9% during the forecast period with a market size of USD 22.14 million in 2024.
• The South East Asia Grow Lights market is projected to witness growth at a CAGR of 34.2% during the forecast period with a market size of USD 29.38 million in 2024.
• The Rest of Asia Pacific Grow Lights market is projected to witness growth at a CAGR of 33.0% during the forecast period with a market size of USD 30.23 million in 2024.

 

South America Grow Lights Market

According to Cognitive Market Research, the global Grow Lights market size was estimated at USD 1851.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 92.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.6% from 2024 to 2031. The market for grow lights is expanding significantly in Latin America due to a number of causes, including growing urbanization, erratic weather patterns, and an increased emphasis on sustainable agriculture. The production of high-value crops in greenhouses, such as tomatoes and peppers, where growers use grow lights to maintain steady yields all year round, is one industry driving this increase. The growing demand for organic produce and government programs encouraging technical innovation in agriculture further support market expansion. The Latin American grow lights market is expected to grow further because to the increasing knowledge of the advantages of controlled-environment agriculture. This will present chances for small-scale and commercial farmers alike to meet customer needs and increase output.

• According to Cognitive Market Research, the Brazil Grow Lights market size was valued at USD 39.62 million in 2024 and is projected to grow at a CAGR of 31.2% during the forecast period. Grow Lights sales flourish in Brazil due to the nation's rapid urbanization.
• The Argentina Grow Lights market had a market share of USD 15.55 million in 2024 and is projected to grow at a CAGR of 31.5% during the forecast period. The demand is augmented by Argentina's commitment to the government's push towards modernizing agriculture.
• The Colombia Grow Lights market is projected to witness growth at a CAGR of 30.4% during the forecast period with a market size of USD 8.24 million in 2024.
• The Peru Grow Lights market is projected to witness growth at a CAGR of 30.8% during the forecast period with a market size of USD 7.59 million in 2024.
• The Chile Grow Lights market is projected to witness growth at a CAGR of 30.9% during the forecast period with a market size of USD 6.66 million in 2024.
• The Rest of Latin America Grow Lights market is projected to witness growth at a CAGR of 29.7% during the forecast period with a market size of USD 14.90 million in 2024.

 

Middle East and Africa Grow Lights Market

According to Cognitive Market Research, the global Grow Lights market size was estimated at USD 1851.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 37.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.9% from 2024 to 2031. Due to reasons such limited arable land, water scarcity, and the need for food security, the grow lights industry is expanding significantly throughout the Middle East and Africa. Growing high-value crops like herbs and leafy greens indoors in vertical farms and other facilities—where growers depend on grow lights to overcome environmental obstacles and guarantee regular yields—is one market fueling this expansion. Government programs encouraging agricultural innovation and the growing use of aeroponic and hydroponic farming techniques also help to drive industry expansion. Growing demand for fresh fruit and an emphasis on sustainable agriculture make the Middle East and Africa grow lights market a great place for growers to boost output and solve issues related to food security.

• According to Cognitive Market Research, the GCC Countries Grow Lights market size was valued at USD 15.85 million in 2024 and is projected to grow at a CAGR of 31.7% during the forecast period. Grow Lights sales flourish in the GCC Countries due to the region's strategic investments in stringent regulations regarding energy consumption.
• The Egypt Grow Lights market is projected to witness growth at a CAGR of 31.2% during the forecast period with a market size of USD 3.89 million in 2024.
• The South Africa Grow Lights market is projected to witness growth at a CAGR of 31.9% during the forecast period with a market size of USD 5.85million in 2024. Grow Lights sales flourish in the South Africa due to the region's strategic investments environmental sustainability act.
• The Turkey Grow Lights market is projected to witness growth at a CAGR of 30.4% during the forecast period with a market size of USD 3.18 million in 2024.
• The Nigeria Grow Lights market is projected to witness growth at a CAGR of 30.0% during the forecast period with a market size of USD 3.89 million in 2024.
• The Rest of MEA Grow Lights market is projected to witness growth at a CAGR of 29.9% during the forecast period with a market size of USD 4.37 million in 2024.

Grow Lights Market Analysis

Grow Lights Offering Segment Analysis

According to Cognitive Market Research, Hardware held the major market share over the forecast period. This includes manufacturing and distributing the infrastructure, controls, and LED lights required for indoor farming and controlled environment agriculture. Grow lights are becoming increasingly popular due to the growing demand for year-round fresh produce and sustainable agricultural methods, driving up the adoption of these hardware solutions.

Software & Services is the fastest-growing category over the forecast period. Services and software are taking center stage in the growing light industry. These options include advanced control systems, analytics software, and consulting services specifically designed for indoor farming and controlled-environment agriculture. The need for cutting-edge software and specialized services is increasing as farmers look to streamline their processes, boost productivity, and maximize yields, impacting the market's future growth trajectory for grow lights.

• Hardware
• Software & Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Grow Lights Industry. Request a Free Sample PDF!

Grow Lights Offering Segment Analysis

According to Cognitive Market Research, Full Spectrum held the major market share over the forecast period. By simulating sunlight, these lights provide plants with all the wavelengths required for healthy growth and development. The need for these adaptable and effective lighting solutions keeps rising as producers become more aware of the advantages of full spectrum lighting in encouraging healthier plants and larger yields, driving the market's expansion.

Limited spectrum is the fastest-growing category over the forecast period. These lights provide particular wavelengths designed to maximize effectiveness and minimize energy use while focusing on important components of plant growth. The growing need for limited spectrum grow lights results from growers' desire for more focused and economical lighting solutions, propelling innovation and market expansion in the specialized grow lights sector.

• Full Spectrum
• Limited Spectrum

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Grow Lights Cultivated Plant Segment Analysis

According to Cognitive Market Research, Fruits and Vegetables held the major market share over the forecast period. Growers are using grow lights to power controlled-environment agriculture in response to the growing demand for fresh fruit throughout the year. With the help of these lights, fruits and vegetables can be grown effectively indoors, guaranteeing ideal growing conditions independent of outside influences. The growing trend of customer preferences for sustainably produced and locally sourced goods drives the demand for grow lights in this market.

Flowers are the fastest-growing category over the forecast period. The market for grow lights is expanding because of the growing demand for year-round blooms in the flowers segment. Grow lights enable cultivating flowers indoors in a regulated manner and provide the ideal lighting conditions for strong development and eye-catching blossoms. Grow lights are being used to lengthen growing seasons and ensure consistent quality, driving market expansion within this segment as consumers look for flowers for various occasions throughout the year.

• Fruits and Vegetables
• Flowers
• Cannabis

Grow Lights Lighting Type Segment Analysis

According to Cognitive Market Research, Top lighting held the major market share over the forecast period. Especially for use in commercial and industrial settings. To offer consistent and effective illumination, these lighting systems are mounted above the canopy of plants, encouraging ideal growth and optimizing yields. Grow lights as a market is growing generally because of the growing need for high-quality lighting solutions from indoor farming and greenhouse enterprises.

Interlighting is the fastest-growing category over the forecast period. These customized lamps are positioned inside the plant canopy to provide lower leaves and stems with focused light. Interlighting improves light penetration and distribution in addition to standard top lighting, which promotes healthier plant growth and larger yields. Interlighting is becoming more widely used as growers seek more effective and efficient lighting solutions.

• Toplighting
• Interlighting

Grow Lights Light Source Segment Analysis

According to Cognitive Market Research, Light Emitting Diodes (LED) held the major market share over the forecast period. LEDs have a long lifespan, are energy-efficient, and can adjust their spectra to meet individual plants' demands. Growing numbers of producers are prioritizing cost-effectiveness and sustainability, driving up demand for LED grow lights. Because of their efficiency and adaptability, LEDs are a popular option for indoor farming, which greatly expands the market.

Fluorescent is the fastest-growing category over the forecast period. In the grow light industry, fluorescent lighting is becoming more popular, especially for home and small-scale uses. These lights are well-liked by novices and indoor gardeners alike because of their cost and adaptability. For those looking for affordable solutions for their indoor growing needs, fluorescent fixtures are still a good choice, even though they might offer a different intensity or efficiency than other grow lights.

• Light Emitting Diodes (LED)
• Fluorescent
• High-intensity Discharge (HID) Lights

Grow Lights Application Segment Analysis

According to Cognitive Market Research, Greenhouses held the major market share over the forecast period. The market for grow lights is expanding due to greenhouses' rising integration of artificial lighting systems, which prolong growing seasons and increase agricultural yields. Grow lights enable greenhouse managers to maintain optimal lighting conditions all year round, independent of outside influences. The growing need for year-round produce combined with technological developments that boost efficiency is driving the growing deployment of grow lights in greenhouses, which is driving market growth.

Vertical Farms are the fastest-growing category over the forecast period. Vertical farms, which mostly rely on artificial illumination to enable year-round production in controlled surroundings, are driving growth in the grow lights industry. In vertical farming systems, grow lights are essential for supplying the light spectrum required for plant growth and maintaining ideal growing conditions for maximum yield.

• Greenhouses
• Vertical Farms
• Indoor Farms
• Other Applications

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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