Grow Lights Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
Grow Lights Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
The Global Grow Lights Market investigation report contains Types, Application & all logical and factual briefs about market Overview, CAGR, Production Volume, Sales, Revenue with the regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East & Africa & The top Players like Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V., Lumigrow Inc., Heliospectra AB., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., Sunlight Supply Inc
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The global Grow Lights market is expected to grow at a CAGR of 11.7% during the forecast period.
The global Grow Lights market is estimated to be about 4907.3 million US dollars in 2020.
The global Grow Lights market is estimated to reach 7645.4 million USD by 2026.
The global Grow Lights market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Grow Lights market will be able to gain an advantage as they use reports as a powerful resource.
Grow Lights markets by category
High Intensity Discharge
Fluorescent Lighting
LED
Others
Grow Lights Market by Application (Percentage of Demand)
Vertical Farming
Indoor Farming
Commercial Greenhouse
Turf and Landscaping
Research
Others
Who are the leading companies in Grow Lights
Royal Philips
General Electric Company
Osram Licht AG
Gavita Holland B.V.
Lumigrow Inc.
Heliospectra AB.
Iwasaki Electric Co., Ltd.
Illumitex Inc.
Hortilux Schreder B.V.
Sunlight Supply Inc
Grow Lights markets by region:
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered
The United States
Canada
Germany
France
UK
Italy
Russia
China
Japan
Korea
Southeast Asia
India
Australia
Brazil
Mexico
Argentina
Chile
Colombia
Egypt
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Which is the most profitable market
Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Grow Lights.
What methodology did you follow in your research
This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.
Who were the primary study respondents
We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.
What are the sources of secondary research
We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Market Size Units
1.8 Review Cycle
2 Global Market Overview
2.1 Global Grow Lights Revenue and Growth Forecast 2014-2026
2.2 Global Grow Lights Market Size and Growth Forecast 2014-2026
2.3 Global Grow Lights Revenue by Region 2014-2026
2.4 Grow Lights Market Share by Major Regions 2014-2021
2.5 Grow Lights Gross Margin in Different Region 2014-2021
2.6 Global Grow Lights Market History Price and Forecast 2014-2026
2.7 Global Grow Lights Sales Market Share by Top Companies 2014-2021
3 Global Grow Lights Market by Type
3.1 Global Grow Lights Revenue and Growth Rate Segment by Types from 2014-2021
3.2 Global Grow Lights Market Size and Growth Rate Segment by Product Types from 2014-2021
3.3 Global Grow Lights Price Segment by Types from 2014-2021
3.4 Brief Introduction of Different Types
3.4.1 High Intensity Discharge
3.4.2 Fluorescent Lighting
3.4.3 LED
3.4.4 Others
4 Global Grow Lights Market by Application
4.1 Global Grow Lights Revenue and Growth Rate Segment by Applications from 2014-2021
4.2 Global Grow Lights Market Size and Growth Rate Segment by Product Applications from 2014-2021
4.3 Brief Introduction of Different Applications
4.3.1 Vertical Farming
4.3.2 Indoor Farming
4.3.3 Commercial Greenhouse
4.3.4 Turf and Landscaping
4.3.5 Research
4.3.6 Others
5 North America Grow Lights Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
5.1 North America Grow Lights Value ($) from 2014-2021
5.2 North America Grow Lights Market Size from 2014-2021
5.3 North America Grow Lights Price Change from 2014-2021
5.4 North America Grow Lights Import and Export from 2014-2021
5.5 North America Grow Lights Market Value ($) and Growth (%) by Type from 2014-2021
5.6 North America Grow Lights Market Value ($) and Growth (%) by Application from 2014-2021
5.7 North America Grow Lights Market Value ($) and Growth (%) by Countries from 2014-2021
5.7.1 The United States
5.7.2 Canada
5.8 Top North America Grow Lights Participants Value ($) and Market Share (%) in 2020
6 Europe Grow Lights Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
6.1 Europe Grow Lights Value ($) from 2014-2021
6.2 Europe Grow Lights Market Size from 2014-2021
6.3 Europe Grow Lights Price Change from 2014-2021
6.4 Europe Grow Lights Import and Export from 2014-2021
6.5 Europe Grow Lights Market Value ($) and Growth (%) by Type from 2014-2021
6.6 Europe Grow Lights Market Value ($) and Growth (%) by Application from 2014-2021
6.7 Europe Grow Lights Market Value ($) and Growth (%) by Countries from 2014-2021
6.7.1 Germany
6.7.2 France
6.7.3 UK
6.7.4 Italy
6.7.5 Russia
…
6.8 Top Europe Grow Lights Participants Value ($) and Market Share (%) in 2020
7 Asia-Pacific Grow Lights Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
7.1 Asia-Pacific Grow Lights Value ($) from 2014-2021
7.2 Asia-Pacific Grow Lights Market Size from 2014-2021
7.3 Asia-Pacific Grow Lights Price Change from 2014-2021
7.4 Asia-Pacific Grow Lights Import and Export from 2014-2021
7.5 Asia-Pacific Grow Lights Market Value ($) and Growth (%) by Type from 2014-2021
7.6 Asia-Pacific Grow Lights Market Value ($) and Growth (%) by Application from 2014-2021
7.7 Asia-Pacific Grow Lights Market Value ($) and Growth (%) by Countries from 2014-2021
7.7.1 China
7.7.2 Japan
7.7.3 Korea
7.7.4 Southeast Asia
7.7.5 India
7.7.6 Australia
…
7.8 Top Asia-Pacific Grow Lights Participants Value ($) and Market Share (%) in 2020
8 Latin America Grow Lights Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
8.1 Latin America Grow Lights Value ($) from 2014-2021
8.2 Latin America Grow Lights Market Size from 2014-2021
8.3 Latin America Grow Lights Price Change from 2014-2021
8.4 Latin America Grow Lights Import and Export from 2014-2021
8.5 Latin America Grow Lights Market Value ($) and Growth (%) by Type from 2014-2021
8.6 Latin America Grow Lights Market Value ($) and Growth (%) by Application from 2014-2021
8.7 Latin America Grow Lights Market Value ($) and Growth (%) by Countries from 2014-2021
8.7.1 Brazil
8.7.2 Mexico
8.7.3 Argentina
8.7.4 Chile
8.7.5 Colombia
…
8.8 Top Latin America Grow Lights Participants Value ($) and Market Share (%) in 2020
9 Middle East & Africa Grow Lights Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
9.1 Middle East & Africa Grow Lights Value ($) from 2014-2021
9.2 Middle East & Africa Grow Lights Market Size from 2014-2021
9.3 Middle East & Africa Grow Lights Price Change from 2014-2021
9.4 Middle East & Africa Grow Lights Import and Export from 2014-2021
9.5 Middle East & Africa Grow Lights Market Value ($) and Growth (%) by Type from 2014-2021
9.6 Middle East & Africa Grow Lights Market Value ($) and Growth (%) by Application from 2014-2021
9.7 Middle East & Africa Grow Lights Market Value ($) and Growth (%) by Countries from 2014-2021
9.7.1 Egypt
9.7.2 Saudi Arabia
9.7.3 United Arab Emirates
9.7.4 Nigeria
9.7.5 South Africa
…
9.8 Top Middle East & Africa Grow Lights Participants Value ($) and Market Share (%) in 2020
10. Global Level Competitive Intelligence – Company Profiles
10.1 Royal Philips
10.1.1 Royal Philips Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.1.2 Royal Philips Sales, Value, Gross and Gross Margin from 2014-2021
10.1.3 Royal Philips Value and Growth Change from 2014-2021
10.1.4 Royal Philips Price Change from 2014-2021
10.1.5 Royal Philips Product Offered
10.2 General Electric Company
10.2.1 General Electric Company Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.2.2 General Electric Company Sales, Value, Gross and Gross Margin from 2014-2021
10.2.3 General Electric Company Value and Growth Change from 2014-2021
10.2.4 General Electric Company Price Change from 2014-2021
10.2.5 General Electric Company Product Offered
10.3 Osram Licht AG
10.3.1 Osram Licht AG Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.3.2 Osram Licht AG Sales, Value, Gross and Gross Margin from 2014-2021
10.3.3 Osram Licht AG Value and Growth Change from 2014-2021
10.3.4 Osram Licht AG Price Change from 2014-2021
10.3.5 Osram Licht AG Product Offered
10.4 Gavita Holland B.V.
10.4.1 Gavita Holland B.V. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.4.2 Gavita Holland B.V. Sales, Value, Gross and Gross Margin from 2014-2021
10.4.3 Gavita Holland B.V. Value and Growth Change from 2014-2021
10.4.4 Gavita Holland B.V. Price Change from 2014-2021
10.4.5 Gavita Holland B.V. Product Offered
10.5 Lumigrow Inc.
10.5.1 Lumigrow Inc. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.5.2 Lumigrow Inc. Sales, Value, Gross and Gross Margin from 2014-2021
10.5.3 Lumigrow Inc. Value and Growth Change from 2014-2021
10.5.4 Lumigrow Inc. Price Change from 2014-2021
10.5.5 Lumigrow Inc. Product Offered
10.6 Heliospectra AB.
10.6.1 Heliospectra AB. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.6.2 Heliospectra AB. Sales, Value, Gross and Gross Margin from 2014-2021
10.6.3 Heliospectra AB. Value and Growth Change from 2014-2021
10.6.4 Heliospectra AB. Price Change from 2014-2021
10.6.5 Heliospectra AB. Product Offered
10.7 Iwasaki Electric Co., Ltd.
10.7.1 Iwasaki Electric Co., Ltd. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.7.2 Iwasaki Electric Co., Ltd. Sales, Value, Gross and Gross Margin from 2014-2021
10.7.3 Iwasaki Electric Co., Ltd. Value and Growth Change from 2014-2021
10.7.4 Iwasaki Electric Co., Ltd. Price Change from 2014-2021
10.7.5 Iwasaki Electric Co., Ltd. Product Offered
10.8 Illumitex Inc.
10.8.1 Illumitex Inc. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.8.2 Illumitex Inc. Sales, Value, Gross and Gross Margin from 2014-2021
10.8.3 Illumitex Inc. Value and Growth Change from 2014-2021
10.8.4 Illumitex Inc. Price Change from 2014-2021
10.8.5 Illumitex Inc. Product Offered
10.9 Hortilux Schreder B.V.
10.9.1 Hortilux Schreder B.V. Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.9.2 Hortilux Schreder B.V. Sales, Value, Gross and Gross Margin from 2014-2021
10.9.3 Hortilux Schreder B.V. Value and Growth Change from 2014-2021
10.9.4 Hortilux Schreder B.V. Price Change from 2014-2021
10.9.5 Hortilux Schreder B.V. Product Offered
10.10 Sunlight Supply Inc
10.10.1 Sunlight Supply Inc Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.10.2 Sunlight Supply Inc Sales, Value, Gross and Gross Margin from 2014-2021
10.10.3 Sunlight Supply Inc Value and Growth Change from 2014-2021
10.10.4 Sunlight Supply Inc Price Change from 2014-2021
10.10.5 Sunlight Supply Inc Product Offered
11. Market Dynamics
11.1 Driving Factors
11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …
11.1.2 Increasing Use of Grow Lights by Different End-User/Applications
11.2 Restraints and Challenges in the Market
11.3 Opportunities
11.4 Covid-19 Impact/Evaluation
12. Future Forecast of Global Grow Lights Market from 2020-2026
12.1 Future Forecast of Global Grow Lights Market from 2020-2026 Segment by Regions
12.2 Future Forecast of Global Grow Lights Market from 2020-2026 Segment by Type
12.3 Future Forecast of Global Grow Lights Market from 2020-2026 Segment by Application
13. Investment Analysis
13.1 Fundamental Analysis (Porter's Five Forces Analysis)
13.2 Technical Preparation Analysis
13.3 Risk Evaluating Analysis
13.4 Estimated Investment Pay-Back Period
14 Research Methodology
14.1 Research Data
14.1.1 Secondary Data
14.1.2 Primary Data
14.2 Revenue Estimation
14.2.1 Bottom-Up Approach
14.2.2 Top-Down Approach (Involves time, Space, and Persons)
14.3 Data Triangulation
14.4 Assumptions
14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
14.6 Limitations of Our Study
14.7 Scene Based Modeling
15 Disclaimer
Research Methodology:
Grow Lights Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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