List of Contents

Grow Lights Market Size, Share, and Trends 2024 to 2034

The global grow lights market size accounted for USD 7.84 billion in 2024, grew to USD 9.04 billion in 2025 and is projected to surpass around USD 32.47 billion by 2034, representing a healthy CAGR of 15.27% between 2024 and 2034.

  • Last Updated : October 2024
  • Report Code : 3183
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Grow Lights Market 

5.1. COVID-19 Landscape: Grow Lights Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Grow Lights Market, By Light Source

8.1. Grow Lights Market Revenue and Volume, by Light Source, 2024-2034

8.1.1 High-intensity Discharge Lights

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Light Emitting Diodes

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Fluorescent Lights

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Grow Lights Market, By Installation Type

9.1. Grow Lights Market Revenue and Volume, by Installation Type, 2024-2034

9.1.1. New Installations

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Retrofit Installations

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Grow Lights Market, By Application 

10.1. Grow Lights Market Revenue and Volume, by Application, 2024-2034

10.1.1. Indoor Farming

10.1.1.1. Market Revenue and Volume Forecast (2021-2034)

10.1.2. Vertical Farming

10.1.2.1. Market Revenue and Volume Forecast (2021-2034)

10.1.3. Commercial Greenhouse

10.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 11. Global Grow Lights Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.1.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.1.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.1.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.1.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.1.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.1.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.2.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.2.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.2.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.2.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.2.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.2.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.2.6.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.2.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.2.7.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.2.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.3.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.3.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.3.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.3.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.3.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.3.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.3.6.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.3.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.3.7.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.3.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.4.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.4.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.4.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.4.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.4.6.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.4.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.4.7.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.4.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.5.4.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.5.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Light Source (2021-2034)

11.5.5.2. Market Revenue and Volume Forecast, by Installation Type (2021-2034)

11.5.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)

Chapter 12. Company Profiles

12.1. Philips Lighting (now Signify)

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. General Electric (GE)

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Osram

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Fluence by OSRAM

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. California Lightworks

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Helio spectra AB

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Advanced LED Lights

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Gavita International

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Cree, Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Black Dog LED

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global grow lights market size is expected to increase USD 32.47 billion by 2034 from USD 7.84 billion in 2024.

The global grow lights market will register growth rate of 15.27% between 2024 and 2034.

The major players operating in the grow lights market are Philips Lighting (now Signify), General Electric (GE), Osram, Fluence by OSRAM, California Lightworks, Helio spectra AB, Advanced LED Lights, Gavita International, Cree, Inc., Black Dog LED, and Others.

The driving factors of the grow lights market are the increasing demand for indoor farming and increased customer desire for locally farmed and fresh products.

North America region will lead the global grow lights market during the forecast period 2024 to 2034.

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