LED Grow Light Global Market Report 2024

LED Grow Light Global Market Report 2023

LED Grow Light Global Market Report 2024 – By Spectrum (Narrow, Broad), By Wattage (Low Power (<100 W), Medium Power (100–300 W), High Power (>300 W) ), By Installation Type (New Installation, Retrofit), By Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf And Landscaping, Research, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Name: LED Grow Light Global Market Report 2024
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LED Grow Light Global Market Report 2024

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LED Grow Light Global Market Report 2024

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LED Grow Light Market Definition

LED grow lights refer to specialized LED lights that facilitate photosynthesis in plants which helps plants to grow without sunlight or in very low sunlight. These lights are used for growing indoor crops.

The main led grow light market covered in this report is segmented by spectrum: narrow, broad. Narrow spectrum lights refer to lights that emit light of specific wavelengths, specifically red and blue. The various wattage includes low power (<100 w), medium power (100–300 w)and high power (>300 w). The installation types include new installation and retrofit. These are used in various applications such as indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research and other applications.

LED Grow Light Market Segmentation

The led grow light market covered in this report is segmented –

1) By Spectrum: Narrow, Broad

2) By Wattage: Low Power (<100 W), Medium Power (100–300 W), High Power (>300 W)

3) By Installation Type: New Installation, Retrofit

4) By Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf And Landscaping, Research, Other Applications

Global LED Grow Light Market Size 2023 to 2028: Graph

LED Grow Light Market Size 2024 And Growth Rate

The led grow light market size has grown exponentially in recent years. It will grow from $3.1 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth in the historic period can be attributed to cost reduction and availability, research and education, regulatory support and incentives, urban agriculture trends, crop yield optimization.

LED Grow Light Market Growth Forecast

The led grow light market size is expected to see exponential growth in the next few years. It will grow to $10.12 billion in 2028 at a compound annual growth rate (CAGR) of 26.8%. The growth in the forecast period can be attributed to consumer awareness and demand, market globalization, emergence of new crops, research and development investments, shift towards sustainable agriculture, expansion of indoor farming. Major trends in the forecast period include market diversification, customized spectral contr, modular and flexible designs, advancements in efficiency, adoption of smart lighting solutions, vertical farming and urban agriculture.

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LED Grow Light Market Driver: Led Grow Lights Market Thrives On The Surge In Indoor Farming

The growth of indoor farming is expected to propel the growth of the LED grow lights market going forward. Indoor farming refers to farming that is done indoors such as in a building with very less or no sunlight. LED grow lights facilitate the photosynthesis process with a spectrum aimed at a specific goal such as anthocyanin accumulation, flowering inhibition and enhanced rooting of indoor plants, as a result, the growth of indoor farming increases the demand for LED grow lights. For instance, in June 2021, according to Artemis, a US-based enterprise cultivation management solutions provider, a survey was conducted on indoor farming among 205 enterprise horticulture facilities across the US. Among those enterprise horticulture facilities, 73% of the indoor farming enterprises were planning to significantly expand their business in the upcoming five years which was planned at 544 acres in total. Further, glass or polycarbonate greenhouses were planned to expand the most at 206 acres which were followed by container farms at 156 acres and indoor vertical farms at 84 acres. Therefore, the growth of indoor farming drives the LED grow lights market.

LED Grow Light Market Driver: Growth In Led Grow Lights Market Fueled By Rising Trend In Gardening Activities

The increasing garden activities are anticipated to propel the growth of the LED grow lights market going forward. Gardening activities refer to the various tasks and practices involved in the cultivation and care of plants, typically in outdoor spaces such as gardens, yards, or other green areas. LED grow lights are used for gardening activities to provide the right amount and spectrum of light needed for seed germination and for year-round cultivation to create a consistent and controlled environment for plants. For instance, in April 2023, according to the National Gardening Association 2023 Highlights, a US-based gardening association published the National Gardening Survey. The average household spent $616 on lawn and gardening-related activities in 2022, which means 80% of homes are taking part, and it is a $74 rise from 2021. Therefore, increasing garden activities drive the growth of the LED grow lights market.

Global LED Grow Light Market Major Players

Major companies operating in the led grow light market report are Illumitex Inc., OSRAM Licht AG, LumiGrow Inc., Heliospectra AB, Bridgelux Inc., General Electric Company, Samsung Electronics Co Ltd., Senmatic A/S, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., Valoya Ltd., Violet Gro Inc., Cidly Co Ltd., Kessil Lighting, Kind LED Grow Lights, LED Hydroponic Ltd., GSK Glaxosmithkline, Sollum Technologies, Urban Crop Solutions, Light Science Technologies Ltd., Light Extraction, Gavita International B.V., Vivosun, ams-OSRAM AG, California LightWorks, EYE Hortilux, Hortilux Schréder, Koninklijke Philips N.V., Crecer Lighting, Mars Hydro, Darkless .

Global LED Grow Light Market Trend: Sustainable Led Grow Lights Transforms The Market

Product innovations are a key trend gaining popularity in the LED grow light market. Major companies in the market are introducing innovative products such as ‘nurturGrow’ sustainable LED grow lights to sustain their position in the market. For instance, in July 2021, Light Science Technologies, a UK-based developer of controlled environment agriculture products launched nurturGrow LED grow lights. The new product is innovative and sustainable with 85% of its components being reusable, which would help indoor growers to upgrade the components very easily and save costs on lighting. The nurturGrow light has a variable length of up to 2.78 m making it the longest luminaire in the market.

Global LED Grow Light Market Trend: Advanced Horticulture Led Grow Light

Major companies operating in the LED grow lights market are innovating new products, such as advanced horticulture LED grow light, to sustain their position in the market. An advanced horticulture LED grow light incorporating cutting-edge technology to optimize plant growth and enhance crop yield in controlled environments. For instance, in November 2023, Polymatech Electronics Private Limited, an India-based opto-semiconductor chip manufacturer, launched RavayeTM. RavayeTM is a next-generation horticulture LED grow light used for vertical farming, hydroponics, and horticulture applications. RavayeTM is designed to enhance nutritious plant growth and reduce lighting system costs. RavayeTM is a full-spectrum lighting solution that provides a range of wavelengths from yellow to green to blue to red, creating a blend of light that promotes healthier plant growth. It accelerates photosynthesis, strengthens plant immunity, and increases nutritional value.

LED Grow Light Market Merger And Acquisition: Scotts Miracle-Gro Boosts Commercial Cannabis Focus With Luxx Lighting Acquisition

In January 2022, Scotts Miracle-Gro Company, a US-based consumer of lawn, garden and pest control products, acquired Luxx Lighting for an undisclosed amount. The acquisition is in line with the company’s strategy to improve its offerings for commercial cannabis cultivators and improve stakeholder value. Luxx Lighting is a US-based developer of high-performance grow lights.

Regional Analysis For The Global LED Grow Light Market

Asia-Pacific was the largest region in the LED grow light market in 2023. The regions covered in the led grow light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the led grow light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The LED grow light market consists of sales of single-ended and double-ended grow lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The LED grow lights market research report is one of a series of new reports from The Business Research Company that provides LED grow lights market statistics, including LED grow lights industry global market size, regional shares, competitors with a LED grow lights market share, detailed LED to grow lights market segments, market trends and opportunities and any further data you may need to thrive in the LED grow lights industry. This LED grow lights market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

LED Grow Light Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$3.92 billion
Revenue Forecast In 2033	$10.12 billion
Growth Rate	CAGR of 26.8% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Spectrum: Narrow, Broad 2) By Wattage: Low Power (<100 W), Medium Power (100–300 W), High Power (>300 W) 3) By Installation Type: New Installation, Retrofit 4) By Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf And Landscaping, Research, Other Applications
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Illumitex Inc.; OSRAM Licht AG; LumiGrow Inc.; Heliospectra AB; Bridgelux Inc.; General Electric Company; Samsung Electronics Co Ltd.; Senmatic A/S; Shenzhen Grow LED Technology Co. Ltd.; Signify NV; SMART Global Holdings Inc.; Valoya Ltd.; Violet Gro Inc.; Cidly Co Ltd.; Kessil Lighting; Kind LED Grow Lights; LED Hydroponic Ltd.; GSK Glaxosmithkline; Sollum Technologies; Urban Crop Solutions; Light Science Technologies Ltd.; Light Extraction; Gavita International B.V.; Vivosun; ams-OSRAM AG; California LightWorks; EYE Hortilux; Hortilux Schréder; Koninklijke Philips N.V.; Crecer Lighting; Mars Hydro; Darkless
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. LED Grow Light Market Characteristics

3. LED Grow Light Market Trends And Strategies

4. LED Grow Light Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global LED Grow Light Market Size and Growth

5.1. Global LED Grow Light Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global LED Grow Light Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global LED Grow Light Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. LED Grow Light Market Segmentation

6.1. Global LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Narrow

Broad

6.2. Global LED Grow Light Market, Segmentation By Wattage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Low Power (<100 W)

Medium Power (100–300 W)

High Power (>300 W)

6.3. Global LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

New Installation

Retrofit

6.4. Global LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Indoor Farming

Commercial Greenhouse

Vertical Farming

Turf And Landscaping

Research

Other Applications

7. LED Grow Light Market Regional And Country Analysis

7.1. Global LED Grow Light Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global LED Grow Light Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific LED Grow Light Market

8.1. Asia-Pacific LED Grow Light Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China LED Grow Light Market

9.1. China LED Grow Light Market Overview

9.2. China LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India LED Grow Light Market

10.1. India LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan LED Grow Light Market

11.1. Japan LED Grow Light Market Overview

11.2. Japan LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia LED Grow Light Market

12.1. Australia LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia LED Grow Light Market

13.1. Indonesia LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea LED Grow Light Market

14.1. South Korea LED Grow Light Market Overview

14.2. South Korea LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe LED Grow Light Market

15.1. Western Europe LED Grow Light Market Overview

15.2. Western Europe LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK LED Grow Light Market

16.1. UK LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany LED Grow Light Market

17.1. Germany LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France LED Grow Light Market

18.5. France LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy LED Grow Light Market

19.9. Italy LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain LED Grow Light Market

20.13. Spain LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe LED Grow Light Market

21.1. Eastern Europe LED Grow Light Market Overview

21.2. Eastern Europe LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia LED Grow Light Market

22.1. Russia LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America LED Grow Light Market

23.1. North America LED Grow Light Market Overview

23.2. North America LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA LED Grow Light Market

24.1. USA LED Grow Light Market Overview

24.2. USA LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada LED Grow Light Market

25.1. Canada LED Grow Light Market Overview

25.2. Canada LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America LED Grow Light Market

26.1. South America LED Grow Light Market Overview

26.2. South America LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil LED Grow Light Market

27.1. Brazil LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East LED Grow Light Market

28.1. Middle East LED Grow Light Market Overview

28.2. Middle East LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa LED Grow Light Market

29.1. Africa LED Grow Light Market Overview

29.2. Africa LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. LED Grow Light Market Competitive Landscape And Company Profiles

30.1. LED Grow Light Market Competitive Landscape

30.2. LED Grow Light Market Company Profiles

30.2.1. Illumitex Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. OSRAM Licht AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. LumiGrow Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Heliospectra AB

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Bridgelux Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global LED Grow Light Market Competitive Benchmarking

32. Global LED Grow Light Market Competitive Dashboard

33. Key Mergers And Acquisitions In The LED Grow Light Market

34. LED Grow Light Market Future Outlook and Potential Analysis

34.1 LED Grow Light Market In 2028 - Countries Offering Most New Opportunities

34.2 LED Grow Light Market In 2028 - Segments Offering Most New Opportunities

34.3 LED Grow Light Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global LED Grow Light Market, Segmentation By Wattage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global LED Grow Light Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global LED Grow Light Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Illumitex Inc. Financial Performance

Table 76: OSRAM Licht AG Financial Performance

Table 77: LumiGrow Inc. Financial Performance

Table 78: Heliospectra AB Financial Performance

Table 79: Bridgelux Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global LED Grow Light Market, Segmentation By Wattage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global LED Grow Light Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global LED Grow Light Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, LED Grow Light Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Illumitex Inc. Financial Performance

Figure 76: OSRAM Licht AG Financial Performance

Figure 77: LumiGrow Inc. Financial Performance

Figure 78: Heliospectra AB Financial Performance

Figure 79: Bridgelux Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the LED grow light market?

How will the LED grow light market drivers and restraints affect the LED grow light market dynamics? What forces will shape the LED grow light industry going forward?

The LED grow light market major growth driver - led grow lights market thrives on the surge in indoor farming. For further insights on the LED grow light market, request a sample here

What is the forecast market size or the forecast market value of the LED grow light market ?

The LED grow light market size has grown exponentially in recent years. It will grow from $3.1 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 26.1%. The growth in the historic period can be attributed to cost reduction and availability, research and education, regulatory support and incentives, urban agriculture trends, crop yield optimization.. The LED grow light market size is expected to see exponential growth in the next few years. It will grow to $10.12 billion in 2028 at a compound annual growth rate (CAGR) of 26.8%. The growth in the forecast period can be attributed to consumer awareness and demand, market globalization, emergence of new crops, research and development investments, shift towards sustainable agriculture, expansion of indoor farming.. Major trends in the forecast period include market diversification, customized spectral contr, modular and flexible designs, advancements in efficiency, adoption of smart lighting solutions, vertical farming and urban agriculture.. For further insights on the LED grow light market, request a sample here

How is the LED grow light market segmented?

The LED grow light market is segmented
1) By Spectrum: Narrow, Broad
2) By Wattage: Low Power (<100 W), Medium Power (100–300 W), High Power (>300 W)
3) By Installation Type: New Installation, Retrofit
4) By Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf And Landscaping, Research, Other ApplicationsFor further insights on the LED grow light market, request a sample here

Which region has the largest share of the LED grow light market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the LED grow light market in 2023. The regions covered in the LED grow light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the LED grow light market, request a sample here.

Who are the major players in the LED grow light market?

Major companies operating in the LED grow light market report are Illumitex Inc., OSRAM Licht AG, LumiGrow Inc., Heliospectra AB, Bridgelux Inc., General Electric Company, Samsung Electronics Co Ltd., Senmatic A/S, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., Valoya Ltd., Violet Gro Inc., Cidly Co Ltd., Kessil Lighting, Kind LED Grow Lights, LED Hydroponic Ltd., GSK Glaxosmithkline, Sollum Technologies, Urban Crop Solutions, Light Science Technologies Ltd., Light Extraction, Gavita International B.V., Vivosun, ams-OSRAM AG, California LightWorks, EYE Hortilux, Hortilux Schréder, Koninklijke Philips N.V., Crecer Lighting, Mars Hydro, Darkless . For further insights on the LED grow light market, request a sample here.

What are the key trends in the LED grow light market?

Major trend in the LED grow light market - sustainable led grow lights transforms the market. For further insights on the LED grow light market, request a sample here.

What are the major opportunities in the LED grow light market? What are the strategies for the LED grow light market?

For detailed insights on the major opportunities and strategies in the LED grow light market, request a sample here.

How does the LED grow light market relate to the overall economy and other similar markets?

For detailed insights on LED grow light market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the LED grow light industry?

For detailed insights on the mergers and acquisitions in the LED grow light industry, request a sample here.

What are the key dynamics influencing the LED grow light market growth? SWOT analysis of the LED grow light market.

For detailed insights on the key dynamics influencing the LED grow light market growth and SWOT analysis of the LED grow light industry, request a sample here.