Global Grow Lights Market - Forecasts from 2018 to 2023

  • ID: 4518555
  • Report
  • Region: Global
  • 101 pages
  • Knowledge Sourcing Intelligence LLP
1 of 4


  • Gavita International B.V.
  • General Electric Company
  • Heliospectra AB
  • Hortilux Schreder
  • Illumitex, Inc.
  • LumiGrow Inc.
  • MORE
The global grow Lights market is predicted to witness a compound annual growth rate of 10.79% during the forecast period to reach a total market size of US$6.109 billion by 2023, increasing from US$3.304 billion in 2017. Rising adoption of vertical farming and indoor cultivation for the producing crops in many regions is driving the demand for indoor lighting solutions. Reduction in global arable land area and legitimize cannabis plantation will further push the demand for grow lights, thus augmenting their market growth. However, high cost of energy efficient and quality grow lights is restraining the market growth to some extent. Furthermore, lack of standard solutions for various crops will further hinder the growth of grow light market over the forecast period.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global grow lights value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Philips Lighting Holding B.V., General Electric Company, OSRAM Opto Semiconductors GmbH, Gavita International B.V., and LumiGrow Inc. among others.


In the report, global grow Light market has been segmented by type, application, and geography:

By Type
  • High Intensity Discharge (HID)
  • Light Emitting Diodes (LEDs)
  • Fluorescents
  • Induction Lighting
By Application
  • Indoor Gardening
  • Vertical Farming
  • Commercial Greenhouses
  • Others
By Geography
  • North America
  • United States
  • Canada
  • Mexico
  • Others
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • United kingdom
  • Russia
  • France
  • Spain
  • Italy
  • Others
  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • Israel
  • Others
  • Asia Pacific (APAC)
  • India
  • China
  • Japan
  • Australia
  • Others
Note: Product cover images may vary from those shown
2 of 4


  • Gavita International B.V.
  • General Electric Company
  • Heliospectra AB
  • Hortilux Schreder
  • Illumitex, Inc.
  • LumiGrow Inc.
  • MORE
1. Introduction

2. Research Methodology
2.1. Research Process and Design
2.2. Research Assumptions

3. Executive Summary

4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s 5 Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness

5. Global Grow Lights Market Forecast by Type
5.1. Introduction
5.2. High Intensity Discharge (HID)
5.3. Light Emitting Diodes (LEDs
5.4. Fluorescents
5.5. Induction Lighting

6. Global Grow Lights Market Forecast by Application
6.1. Introduction
6.2. Indoor Gardening
6.3. Vertical Farming
6.4. Commercial Greenhouses
6.5. Others

7. Global Grow Lights Market Forecast by Geography
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. UK
7.3.2. Russia
7.3.3. France
7.3.4. Spain
7.3.5. Italy
7.3.6. Others
7.4. Middle East and Africa
7.4.1. UAE
7.4.2. Saudi Arabia
7.4.3. Israel
7.4.4. Others
7.5. Asia Pacific
7.5.1. India
7.5.2. China
7.5.3. Japan
7.5.4. Australia
7.5.5. Others

8. Competitive Intelligence
8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players

9. Company Profiles
9.1. Introduction
9.2. Philips Lighting Holding B.V.
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Key Developments
9.3. General Electric Company
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Key Developments
9.4. OSRAM Opto Semiconductors GmbH
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Key Developments
9.5. Gavita International B.V.
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Key Developments
9.6. LumiGrow Inc.
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Key Developments
9.7. Heliospectra AB
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Key Developments
9.8. Illumitex, Inc.
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Key Developments
9.9. Sunlight Supply, Inc.
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Key Developments
9.10. Hortilux Schreder
9.10.1. Overview
9.10.2. Financials
9.10.3. Products and Services
9.10.4. Key Developments

List Of Figures

List Of Tables
Note: Product cover images may vary from those shown
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4 of 4
  • Philips Lighting Holding B.V.
  • General Electric Company
  • OSRAM Opto Semiconductors GmbH
  • Gavita International B.V.
  • LumiGrow Inc.
  • Heliospectra AB
  • Illumitex, Inc.
  • Sunlight Supply, Inc.
  • Hortilux Schreder
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown