Industry Overview
According to the HTF Market Report, the Grow Light market is expected to see a growth of 10.50% and may reach a market size of 5Billion by 2031, currently valued at 2.5Billion.Grow Light is an electric lighting, which is a form of artificial lighting that designed to stimulate plant growth by emitting an electromagnetic spectrum for photosynthesis. Grow Light market is expected to mark significant growth over forecasted period owing to increasing consumers spending on energy efficiency products, providing government initiatives for adopt of grow light, long lasting environmentally safe products and technological advancement. There has been significant rise in number of people adopting light emitting diodes (LED) bulbs with figure stood up to 29% in United States alone in 2018, the future for grow light looks promising. This result in rising popularity of incandescent bulbs at homes, increasing demand of compact fluorescent and escalating need for electrical illumination of grow light may trigger demand and help in industry expansion.
The chemical industry is a building block of the world's economy, driving innovation in sectors like pharmaceuticals and agriculture. It covers the production of base materials, including chemicals, polymers, and specialty compounds, integral to practically all products and processes. Companies in this sector are primary actors in supply chains, ensuring raw materials for manufacturing, construction, and consumer goods. With a focus on sustainability, the industry is increasingly investing in green chemistry and circular economy initiatives to reduce environmental impact. This industry will continue to grow with technological advancements, regulatory compliance, and market demand for more sustainable and innovative solutions; hence, it is energetic and a significant contributor in the business arena.
Grow Light Market Size in (USD Billion) CAGR Growth Rate 10.50%
| Study Period | 2019-2031 |
| Market Size (2023): | 2.5Billion |
| Market Size (2031): | 5Billion |
| CAGR (2023 - 2031): | 10.50% |
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Key Player Analysis
The key players in the Grow Light are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Aerofarms Ltd. (United States), Gavita Holland B.V. (The Netherlands), Lumileds Holding B.V. (The Netherlands), Philips Lighting Ltd. (The Netherlands), OSRAM Licht Group (Germany), Valoya Ltd. (Finland), Heliospectra AB (Sweden), Sunlight Supply, Inc. (United States), Fluence Bioengineering, Inc. (United States) are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Additionally, these industry leaders are actively acquiring smaller companies to broaden their regional presence and strengthen their market share. These acquisitions not only diversify product portfolios but also provide access to new technologies and markets, fostering growth within the Grow Light through operational streamlining and cost reduction.
Moreover, there is a clear shift toward green investments, with companies allocating more resources to sustainable practices and the development of environmentally friendly products. This response to increasing consumer demand for sustainable solutions and stricter environmental regulations positions these companies as leaders in green chemistry, further driving market growth.
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach. We also include recent years' innovation and strategies followed by companies who are growing in the market:
- Aerofarms Ltd. (United States)
- Gavita Holland B.V. (The Netherlands)
- Lumileds Holding B.V. (The Netherlands)
- Philips Lighting Ltd. (The Netherlands)
- OSRAM Licht Group (Germany)
- Valoya Ltd. (Finland)
- Heliospectra AB (Sweden)
- Sunlight Supply
- Inc. (United States)
- Fluence Bioengineering
- Inc. (United States)
Grow Light Market Segmentation by Players
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Regional Insights
The chemical industry exhibits significant regional variation, driven by factors such as resource availability, regulatory environments, and economic conditions. In North America, the industry is maintained by abundant natural resources, particularly shale gas, which provides a competitive advantage in petrochemical production. The U.S. remains a key player, with ongoing investments in advanced manufacturing technologies and sustainable practices positioning the region as a leader in innovation.In Europe, stringent environmental regulations and a strong emphasis on sustainability are shaping the chemical industry. The European Green Deal is pushing companies toward greener production methods, fostering growth in bio-based chemicals and recycling initiatives. Despite these opportunities, the region faces challenges from high energy costs and regulatory pressures, which are driving companies to seek efficiencies and explore new markets.
Asia-Pacific is the fastest-growing region, fuelled by rapid industrialization, urbanization, and a growing middle class. China dominates the regional market, supported by substantial investments in infrastructure and innovation. India and Southeast Asia are also emerging as key players, with increasing demand for chemicals in agriculture, construction, and electronics sectors.
Overall, regional dynamics in the chemical industry are shaped by local market conditions, regulatory landscapes, and the global push for sustainability, leading to diverse growth opportunities across different markets.
This report also splits the market by region
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
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Market Segmentation
Segmentation by Type
- LED
- Fluorescent
- HID
- Incandescent
Grow Light Market Segmentation by Type
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Segmentation by Application
- Agriculture
- Urban farming
- Horticulture
- Retail
- Commercial
Grow Light Market Segmentation by Application
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Regulatory Overview
The chemical industry is based on a regulatory framework that makes sure the industry does not harm the people, or the environment, or breach international standards. These regulations run from production to handling, storage, and disposal. The key legislations generally include the EU's REACH system and the US TSCA, which have also put stringent testing, reporting, and labeling requirements for chemical substances. Compliance with the above legislation requires that companies implement good safety management systems, conduct periodic audits, and monitor environmental performance continually. Apart from that, industry players also have to be abreast of changing legislation and newly emerging global standards on hazardous substances, waste management, and sustainability undertakings. Non-compliance can lead to substantial penalties, reputational damage, and operational discontinuations, which make adherence a key business issue.Grow Light Market Dynamics
Market Growth Drivers:The Grow Light Market is experiencing significant growth due to various factors.
- Proliferation Of Government Investments In Green House Leads To Boost The Grow Light Market.
- Upsurge Demand Of High Reliability And Low Consumption Grow Light.
Influencing Trend:
The Grow Light Market is growing rapidly due to various factors.
- Rise in demand of grow light in developing countries.
Opportunities:
The Grow Light has several opportunities, particularly in developing countries where industrialization is growing.
- Proliferation Of Government Investments In Green House Leads To Boost The Grow Light Market.
- Upsurge Demand Of High Reliability And Low Consumption Grow Light.
Challenges:
The market for fluid power systems faces several obstacles despite its promising growth possibilities.
- Cost
- Power Efficiency
Report Infographics:
|
Report Features
|
Details
|
|
Base Year
|
2023
|
|
Based Year Market Size
|
2.5Billion
|
|
Historical Period
|
2019
|
|
CAGR (2023 to 2030)
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10.50%
|
|
Forecast Period
|
2031
|
|
Forecasted Period Market Size (2030)
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5Billion
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Scope of the Report
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LED, Fluorescent, HID, Incandescent, Agriculture, Urban farming, Horticulture, Retail, Commercial
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|
Regions Covered
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North America, Europe, Asia Pacific, Latin America, and MEA
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|
Companies Covered
|
Aerofarms Ltd. (United States), Gavita Holland B.V. (The Netherlands), Lumileds Holding B.V. (The Netherlands), Philips Lighting Ltd. (The Netherlands), OSRAM Licht Group (Germany), Valoya Ltd. (Finland), Heliospectra AB (Sweden), Sunlight Supply, Inc. (United States), Fluence Bioengineering, Inc. (United States)
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
Report Coverage
The study on the Grow Light market provides a thorough examination of the sector. Important company profiles, new product releases, significant mergers, acquisitions, and collaborations, as well as the incidence of osteoarthritis in important nations, are also highlighted in the research.
Grow Light - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Grow Light Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Grow Light Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Grow Light Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Proliferation of Government Investments in Green House Leads to boost the Grow Light Market.
- 3.1.2 Upsurge Demand of High Reliability and Low Consumption Grow Light.
-
3.2 Available Opportunities
- 3.2.1 Proliferation of Government Investments in Green House Leads to boost the Grow Light Market.
-
3.3 Influencing Trends
- 3.3.1 Rise in demand of grow light in developing countries.
- 3.3.2 Technological advancements in glow li
-
3.4 Challenges
- 3.4.1 Cost
- 3.4.2 Power efficiency
- 3.4.3 Lifespan
- 3.5 Regional Dynamics
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Chapter 4 : Global Grow Light Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Grow Light Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Grow Light : Competition Benchmarking & Performance Evaluation
- 5.1 Global Grow Light Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Grow Light Revenue 2023
- 5.3 Global Grow Light Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 5C’s Analysis
- 5.6 Ansoff Matrix
Chapter 6: Global Grow Light Market: Company Profiles
- 6.1 Aerofarms Ltd. (United States)
- 6.1.1 Aerofarms Ltd. (United States) Company Overview
- 6.1.2 Aerofarms Ltd. (United States) Product/Service Portfolio & Specifications
- 6.1.3 Aerofarms Ltd. (United States) Key Financial Metrics
- 6.1.4 Aerofarms Ltd. (United States) SWOT Analysis
- 6.1.5 Aerofarms Ltd. (United States) Development Activities
- 6.2 Gavita Holland B.V. (The Netherlands)
- 6.3 Lumileds Holding B.V. (The Netherlands)
- 6.4 Philips Lighting Ltd. (The Netherlands)
- 6.5 OSRAM Licht Group (Germany)
- 6.6 Valoya Ltd. (Finland)
- 6.7 Heliospectra AB (Sweden)
- 6.8 Sunlight Supply
- 6.9 Inc. (United States)
- 6.10 Fluence Bioengineering
- 6.11 Inc. (United States)
- 6.12
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Chapter 7 : Global Grow Light by Type & Application (2019-2031)
-
7.1 Global Grow Light Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 LED
- 7.1.2 Fluorescent
- 7.1.3 HID
- 7.1.4 Incandescent
- 7.1.5 Smart
-
7.2 Global Grow Light Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Agriculture
- 7.2.2 Urban Farming
- 7.2.3 Horticulture
- 7.2.4 Retail
- 7.2.5 Commercial
- 7.3 Global Grow Light Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Grow Light Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Grow Light Market Breakdown by Country, Type & Application
- 8.1 North America Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 LED
- 8.2.2 Fluorescent
- 8.2.3 HID
- 8.2.4 Incandescent
- 8.2.5 Smart
-
8.3 North America Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Agriculture
- 8.3.2 Urban Farming
- 8.3.3 Horticulture
- 8.3.4 Retail
- 8.3.5 Commercial
- 8.4 North America Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Grow Light Market Breakdown by Country, Type & Application
- 9.1 LATAM Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 LED
- 9.2.2 Fluorescent
- 9.2.3 HID
- 9.2.4 Incandescent
- 9.2.5 Smart
-
9.3 LATAM Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Agriculture
- 9.3.2 Urban Farming
- 9.3.3 Horticulture
- 9.3.4 Retail
- 9.3.5 Commercial
- 9.4 LATAM Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Grow Light Market Breakdown by Country, Type & Application
- 10.1 West Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 LED
- 10.2.2 Fluorescent
- 10.2.3 HID
- 10.2.4 Incandescent
- 10.2.5 Smart
-
10.3 West Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Agriculture
- 10.3.2 Urban Farming
- 10.3.3 Horticulture
- 10.3.4 Retail
- 10.3.5 Commercial
- 10.4 West Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Grow Light Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 LED
- 11.2.2 Fluorescent
- 11.2.3 HID
- 11.2.4 Incandescent
- 11.2.5 Smart
-
11.3 Central & Eastern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Agriculture
- 11.3.2 Urban Farming
- 11.3.3 Horticulture
- 11.3.4 Retail
- 11.3.5 Commercial
- 11.4 Central & Eastern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Grow Light Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 LED
- 12.2.2 Fluorescent
- 12.2.3 HID
- 12.2.4 Incandescent
- 12.2.5 Smart
-
12.3 Northern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Agriculture
- 12.3.2 Urban Farming
- 12.3.3 Horticulture
- 12.3.4 Retail
- 12.3.5 Commercial
- 12.4 Northern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Grow Light Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 LED
- 13.2.2 Fluorescent
- 13.2.3 HID
- 13.2.4 Incandescent
- 13.2.5 Smart
-
13.3 Southern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Agriculture
- 13.3.2 Urban Farming
- 13.3.3 Horticulture
- 13.3.4 Retail
- 13.3.5 Commercial
- 13.4 Southern Europe Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Grow Light Market Breakdown by Country, Type & Application
- 14.1 East Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 LED
- 14.2.2 Fluorescent
- 14.2.3 HID
- 14.2.4 Incandescent
- 14.2.5 Smart
-
14.3 East Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Agriculture
- 14.3.2 Urban Farming
- 14.3.3 Horticulture
- 14.3.4 Retail
- 14.3.5 Commercial
- 14.4 East Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Grow Light Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 LED
- 15.2.2 Fluorescent
- 15.2.3 HID
- 15.2.4 Incandescent
- 15.2.5 Smart
-
15.3 Southeast Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Agriculture
- 15.3.2 Urban Farming
- 15.3.3 Horticulture
- 15.3.4 Retail
- 15.3.5 Commercial
- 15.4 Southeast Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Grow Light Market Breakdown by Country, Type & Application
- 16.1 South Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 LED
- 16.2.2 Fluorescent
- 16.2.3 HID
- 16.2.4 Incandescent
- 16.2.5 Smart
-
16.3 South Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Agriculture
- 16.3.2 Urban Farming
- 16.3.3 Horticulture
- 16.3.4 Retail
- 16.3.5 Commercial
- 16.4 South Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Grow Light Market Breakdown by Country, Type & Application
- 17.1 Central Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 LED
- 17.2.2 Fluorescent
- 17.2.3 HID
- 17.2.4 Incandescent
- 17.2.5 Smart
-
17.3 Central Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Agriculture
- 17.3.2 Urban Farming
- 17.3.3 Horticulture
- 17.3.4 Retail
- 17.3.5 Commercial
- 17.4 Central Asia Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Grow Light Market Breakdown by Country, Type & Application
- 18.1 Oceania Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 LED
- 18.2.2 Fluorescent
- 18.2.3 HID
- 18.2.4 Incandescent
- 18.2.5 Smart
-
18.3 Oceania Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Agriculture
- 18.3.2 Urban Farming
- 18.3.3 Horticulture
- 18.3.4 Retail
- 18.3.5 Commercial
- 18.4 Oceania Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Grow Light Market Breakdown by Country, Type & Application
- 19.1 MEA Grow Light Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Grow Light Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 LED
- 19.2.2 Fluorescent
- 19.2.3 HID
- 19.2.4 Incandescent
- 19.2.5 Smart
-
19.3 MEA Grow Light Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Agriculture
- 19.3.2 Urban Farming
- 19.3.3 Horticulture
- 19.3.4 Retail
- 19.3.5 Commercial
- 19.4 MEA Grow Light Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Grow Light Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Grow Light Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Grow Light market is estimated to derive a market size of 5 Billion by 2031.
The Grow Light Market is growing at a CAGR of 10.50% over the forecasted period 2023 - 2031.
Rise In Demand Of Grow Light In Developing Countries.,
Technological Advancements In Glow Light Expected To Increase The Market. are seen to make big Impact on Grow Light Market Growth.
The leaders in the Global Grow Light Market such as Aerofarms Ltd. (United States), Gavita Holland B.V. (The Netherlands), Lumileds Holding B.V. (The Netherlands), Philips Lighting Ltd. (The Netherlands), OSRAM Licht Group (Germany), Valoya Ltd. (Finland), Heliospectra AB (Sweden), Sunlight Supply, Inc. (United States), Fluence Bioengineering, Inc. (United States), are targeting innovative and differentiated growth drivers some of them are Proliferation Of Government Investments In Green House Leads To Boost The Grow Light Market.,
Upsurge Demand Of High Reliability And Low Consumption Grow Light.,
Some of the major challanges seen in Global Grow Light Market are Cost, Power Efficiency, Lifespan.
Some of the opportunities that Analyst at HTF MI have identified in Grow Light Market are:
- Proliferation Of Government Investments In Green House Leads To Boost The Grow Light Market.
- Upsurge Demand Of High Reliability And Low Consumption Grow Light.
Grow Light Market identifies market share by players along with the concentration rate using CR4, CR8 Index to determine leading and emerging competitive players such as Aerofarms Ltd. (United States), Gavita Holland B.V. (The Netherlands), Lumileds Holding B.V. (The Netherlands), Philips Lighting Ltd. (The Netherlands), OSRAM Licht Group (Germany), Valoya Ltd. (Finland), Heliospectra AB (Sweden), Sunlight Supply, Inc. (United States), Fluence Bioengineering, Inc. (United States), .
The Global Grow Light Market Study is Broken down by applications such as Agriculture, Urban farming, Horticulture, Retail, Commercial.
The Global Grow Light Market Study is segmented by LED, Fluorescent, HID, Incandescent, Smart.
The Global Grow Light Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2031
Grow Light is an electric lighting, which is a form of artificial lighting that designed to stimulate plant growth by emitting an electromagnetic spectrum for photosynthesis. Grow Light market is expected to mark significant growth over forecasted period owing to increasing consumers spending on energy efficiency products, providing government initiatives for adopt of grow light, long lasting environmentally safe products and technological advancement. There has been significant rise in number of people adopting light emitting diodes (LED) bulbs with figure stood up to 29% in United States alone in 2018, the future for grow light looks promising. This result in rising popularity of incandescent bulbs at homes, increasing demand of compact fluorescent and escalating need for electrical illumination of grow light may trigger demand and help in industry expansion.
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