Global Grow Light Sales Market Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Agriculture
Publisher : MRA | Format : PDF
Global Grow Light Sales Market Report 2024
Market Analysis and InsightsGlobal Grow Light Market
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
Due to the COVID-19 pandemic, the global Grow Light market size is estimated to be worth US$ 4504.3 million in 2022 and is forecast to a readjusted size of US$ 9614.6 million by 2033 with a CAGR of 11.3% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, High Intensity Discharge(HID) accounting for % of the Grow Light global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Indoor Farming segment is altered to an % CAGR throughout this forecast period.
The United States Grow Light market is estimated at US$ million in 2022, while China was US$ million. The proportion of the United States is % in 2022, while Chinese percentage was %, and it is predicted that China share will reach % in 2033, trailing a CAGR of % through the analysis period.
The global key manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. In 2022, the global top five players occupied for a share approximately % in terms of revenue.
In United States, in terms of sales revenue, in 2022, the top three players hold a share about %, while in China, top three players hold a share nearly %.
Global Grow Light Scope and Market Size
The global Grow Light market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Grow Light market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
Due to the COVID-19 pandemic, the global Grow Light market size is estimated to be worth US$ 4504.3 million in 2022 and is forecast to a readjusted size of US$ 9614.6 million by 2033 with a CAGR of 11.3% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, High Intensity Discharge(HID) accounting for % of the Grow Light global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Indoor Farming segment is altered to an % CAGR throughout this forecast period.
The United States Grow Light market is estimated at US$ million in 2022, while China was US$ million. The proportion of the United States is % in 2022, while Chinese percentage was %, and it is predicted that China share will reach % in 2033, trailing a CAGR of % through the analysis period.
The global key manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. In 2022, the global top five players occupied for a share approximately % in terms of revenue.
In United States, in terms of sales revenue, in 2022, the top three players hold a share about %, while in China, top three players hold a share nearly %.
Global Grow Light Scope and Market Size
The global Grow Light market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Grow Light market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Segment by Application
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices