Market Executive Summary

The global Plant LED Grow Light market was valued at US$ 1,705 million in 2024 and is projected to reach US$ 3,684 million by 2030, growing at a CAGR of 13.7% during the forecast period.

LED grow light is an artificial light source that uses LED (Light Emitting Diode) as the illuminant to meet the lighting conditions required for plant photosynthesis. In the absence of daylight, this light fixture can act as daylight, allowing plants to grow normally or better.

Artificial light source technology is increasingly used in the field of plant lighting. The light sources of traditional plant lighting are generally fluorescent lamps, metal halide lamps, high-pressure sodium lamps, and incandescent lamps. The outstanding disadvantages of these light sources are high energy consumption and high operating costs, and energy consumption costs account for 50% to 60% of the total operating costs. LED has many advantages such as high light efficiency, low heat generation, small size, and long life. It has obvious advantages in the field of plant lighting, and plant lighting will gradually be dominated by LED lighting fixtures.

Market development trend

Technology upgrade: With the continuous deepening of optical and botanical research, the spectrum design and light control strategy of LED grow lights will be more accurate and efficient. This will further improve the growth rate and quality of plants and reduce production costs.

Application scenario expansion: In addition to traditional greenhouse planting, indoor vertical farms and home gardening, LED grow lights will also be used in more agricultural planting scenarios, such as medicinal plant cultivation, algae cultivation, etc. This will further expand the market application space of LED grow lights.

Intelligent development: With the improvement of the Internet of Things and intelligent control technology, LED grow lights will achieve more intelligent management and control. This will improve production efficiency, reduce energy consumption, and bring greater convenience and benefits to agricultural production.

Market Challenges and Opportunities

Challenges: At present, the LED grow lights market still faces some challenges, such as high initial investment costs and rapid technological updates. In addition, different plants have different requirements for lighting conditions, which also brings certain difficulties to the research and development and application of LED grow lights.

Opportunities: With the global population growth and the continuous increase in food demand, as well as the food supply pressure brought by extreme weather and geopolitical crises, LED grow lights, as an important means to improve agricultural production efficiency and quality, will usher in greater development opportunities. At the same time, the government's support and promotion of agricultural science and technology innovation will also provide strong policy guarantees for the development of the LED grow lights industry.

In terms of production side, this report researches the Plant LED Grow Light production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Plant LED Grow Light by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Plant LED Grow Light, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Plant LED Grow Light, also provides the consumption of main regions and countries.  of the upcoming market potential for Plant LED Grow Light, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Plant LED Grow Light sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Plant LED Grow Light market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. 

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Plant LED Grow Light sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Signify, GE Lighting, ams OSRAM, Cree LED, Gavita, Everlight Electronics, Lumileds, Kessil, Valoya, Heliospectra AB, etc.

Global Plant LED Grow Light Companies Covered

Signify, GE Lighting, ams OSRAM, Cree LED, Gavita, Everlight Electronics, Lumileds, Kessil, Valoya, Heliospectra AB, Senmatic, AIS LED Light, Yaham Lighting, Longood, Growray, California Lightworks, SANANBIO, Up-shine Lighting

Global Plant LED Grow Light Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Plant LED Grow Light Market, Segment by Type

Fruit and Vegetable Flower Growing Lamp

Hemp Growing Lamp

Others

Global Plant LED Grow Light Market, Segment by Application

Commercial Greenhouses

Indoor Grow Facilities

Research Applications

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Plant LED Grow Light production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.

Chapter 3: Sales (consumption), revenue of Plant LED Grow Light in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 4: Detailed analysis of Plant LED Grow Light manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.

Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.

Chapter 9: China by Type, and by Application, sales, and revenue for each segment.

Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.

Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.

Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Plant LED Grow Light sales, revenue, price, gross margin, and recent development, etc.

Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.

Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 15: The main points and conclusions of the report.