Grow Light Market Report 2026

The grow light market size has grown rapidly in recent years. It will grow from $4.92 billion in 2025 to $5.74 billion in 2026 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to growth in controlled environment agriculture, reliance on fluorescent and hid lighting, early adoption in indoor horticulture, expansion of commercial greenhouse infrastructure, increased interest in year-round crop production.

The grow light market size is expected to see rapid growth in the next few years. It will grow to $10.47 billion in 2030 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to rising demand for high-efficiency led grow lights, expansion of vertical farming facilities, growth in indoor crop yield optimization, increasing need for energy-saving horticulture systems, development of tunable light-spectrum technologies. Major trends in the forecast period include adoption of sustainable energy-efficient lighting solutions, expansion of smart IoT-integrated grow lighting, development of intelligent automated light cycles, advancement of precision plant-growth technologies, integration of AI-based spectral optimization.

The increasing adoption of indoor farming practices is significantly driving the growth of the grow light market. Indoor farming involves cultivating crops or plants, often on a large scale, entirely within enclosed spaces. Grow lights are utilized in indoor farming to compensate for insufficient natural light, as they can replicate or even exceed sunlight in terms of supporting plant growth. For instance, in September 2024, the United States Environmental Protection Agency, a government agency, reported that in 2023, agriculture contributed more than $1.53 trillion to the U.S. gross domestic product, accounting for 10.4 percent of total employment in the nation. Therefore, the rising prevalence of indoor farming practices is fueling the growth of the grow light market.

Leading companies in the grow light market are prioritizing the development of innovative solutions, such as next-generation LED grow lights, to enhance energy efficiency, promote plant growth, and lower operational costs. Next-generation LED grow lights are advanced lighting systems specifically engineered to optimize plant growth by delivering a more efficient and targeted light spectrum. For example, in January 2023, Polymatech Electronics, an electronics manufacturer based in India, introduced its next-generation horticulture LED grow light, RavayeTM, which is designed to improve agricultural practices in vertical farming and hydroponics. This innovative product line includes full-spectrum packages and monochromatic LEDs, fostering healthier plant growth by accelerating photosynthesis and enhancing nutritional value. With an emphasis on cost efficiency, RavayeTM aims to decrease lighting system expenses for farmers, ultimately boosting profitability.

In November 2023, Acuity Brands, a US-based provider of lighting and building management solutions, acquired the Arize horticulture lighting product portfolio from Current Lighting Solutions for an undisclosed amount. This acquisition expands Acuity’s offerings in the grow light market, strengthens its position in controlled environment agriculture, and complements its existing Verjure LED product line for greenhouse and indoor farming applications. Arize is a US-based provider of LED horticulture lighting solutions, including full-spectrum luminaires designed for vertical farming and greenhouse cultivation .

Major companies operating in the grow light market are Everlight Electronics Co. Ltd., Gavita International b.v., Heliospectra AB, Hortilux Schréder b.v., Illumitex Inc., Lumigrow Inc., Signify N.V., Sunlight Supply Inc., Platinum LED Lights LLC, Hydrofarm Inc., Alta LED Corporation, Valoya Ltd., Black Dog LED, Advanced LED Lights, ams-OSRAM AG, GrowGeneration, California LightWorks, Electric Sky, EYE Hortilux, Kind LED Grow Lights, BIOS Lighting, Timber Grow Lights, Kroptek, SANlight GmbH, Viparspectra, Mars Hydro, Spider Farmer.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the grow light market by raising costs for imported LEDs, drivers, aluminum housings, glass optics, and electronic control components used in lighting systems. Indoor farming, commercial greenhouses, and vertical farming operations in North America, Europe, and Asia-Pacific face elevated equipment costs and extended shipping timelines. Nonetheless, tariffs are driving investment in domestic LED manufacturing, localized horticultural lighting assembly, and innovation in cost-optimized, energy-efficient grow lighting technologies, strengthening long-term system affordability and supply chain security.

The grow light market research report is one of a series of new reports that provides grow light market statistics, including grow light industry global market size, regional shares, competitors with a grow light market share, detailed grow light market segments, market trends and opportunities and any further data you may need to thrive in the grow light industry. This grow light market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A grow light is an artificial lighting system crafted to serve as a substitute for natural sunlight, promoting indoor plant photosynthesis and delivering the optimal color spectrum necessary for plant growth and prosperity.

The primary categories of grow lights encompass light-emitting diode (LED), high-intensity discharge (HID), plasma, and fluorescent options. LED grow light fixtures leverage LED chips in a contemporary and efficient manner to generate light tailored for the cultivation of plants. These lights, available in both full-spectrum and partial spectrum variants, are employed to enhance the size and pace of plant development, resulting in superior crops. Their applications span diverse settings such as indoor farming, commercial greenhouses, vertical farming, and other agricultural scenarios.Europe was the largest region in the grow light market in 2025. Asia-Pacific is expected to be the fastest-growing region in the grow light market report during the forecast period. The regions covered in the grow light market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the grow light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The grow light market consists of sales of far-red grow light and blue LED grow light. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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