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Grow Lights Market Share

  • Report ID: GMI8173
  • Published Date: Feb 2024
  • Report Format: PDF
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Grow Lights Market Share

Philips Lighting (Signify) holds a significant market share in the grow lights industry. offering innovative lighting solutions tailored for indoor farming, vertical farming, and greenhouse cultivation. Leveraging its expertise in LED technology, signify provides a wide range of grow lights designed to optimize plant growth and enhance crop yields.
 

Major players, such as Some of the key market players are OSRAM Licht AG, Heliospectra AB, Savant Systems Inc., Signify, are constantly implementing strategic measures including geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches.
 

Grow Lights Market Companies

Major players operating in the grow lights industry are:

  • Advanced LED Lights
  • Agrolux
  • Black Dog LED
  • California LightWorks
  • Cree, Inc.
  • Fluence by OSRAM
  • Gavita International
  • General Electric (GE)
  • Heliospectra AB
  • Illumitex
  • Johnson Grow Lights
  • Kind LED Grow Lights
  • LumiGrow
  • Mars Hydro
  • OSRAM Licht AG
  • Philips Lighting (Signify)
  • Spectrum King LED
  • SunSystem Technology
  • Valoya
  • VividGro
Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for grow lights crossed USD 3.5 billion in 2023 and is expected to register over 15.5% CAGR from 2024-2032 owing to rapid urbanization, land scarcity, and the need for sustainable food production worldwide.

Industry for grow lights from the hardware segment is expected to register over 15% CAGR from 2024-2032 due to the rising need for indoor farming and greenhouse cultivation.

Europe recorded over 30% share of the grow lights industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing adoption of indoor farming practices, and the emphasis on sustainable agriculture in the region.

Advanced LED Lights, Agrolux, Black Dog LED, California LightWorks, Cree, Inc., Fluence by OSRAM, Gavita International, General Electric (GE), Heliospectra AB, Illumitex, and Johnson Grow Lights are some of the major grow lights companies worldwide.

Grow Lights Market Scope

  • Grow Lights Market Size
  • Grow Lights Market Trends
  • Grow Lights Market Analysis
  • Grow Lights Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 20
    • Tables & Figures: 346
    • Countries covered: 22
    • Pages: 250
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