Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

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Date: 21-May-2020
No. of pages: 139
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“The grow lights market is projected to reach USD 2.5 billion in 2025 from USD 1.0 billion in 2020, at CAGR of 19.9%.”

Major factors influencing the grow lights market’s growth are the increasing adoption of indoor farming in urban areas; ongoing government initiatives to support energy-efficient lighting; the growing need for long-lasting, energy-efficient, and economical grow lights; the emerging trend of farm-to-table concept. Further, the rise of vertical farms, technological advancements in LED grow lights, the legalization of cannabis in different countries including the US, and the emergence of horticulture lighting software and calculator will create opportunities for the grow lights market. The major restraint for the market is the high setup and installation costs. The lack of standard testing practices for assessing product quality of grow lights and their fixtures pose a major challenge to this market.

New installations to hold larger share of grow lights market during forecast period

The demand for fresh horticultural produce is increasing with the growing population. This is expected to encourage growers to set up new greenhouses and expand their existing production facilities to cultivate higher yield each year. The emergence of vertical farms, particularly in urban settings, is also contributing to the overall increase in horticultural output. Plants grown in vertical farms are entirely dependent on artificial lighting for photosynthesis; this factor is driving the growth of the market for new installations.

Among all applications, commercial greenhouses held largest share of grow lights market in 2019

The commercial greenhouse accounted for the largest share of nearly 47% of the grow lights market, by application, in 2019. Commercial greenhouses have witnessed increased automation in the last decade, and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield. Growers are gradually realizing the potential benefits of cultivating plants inside a greenhouse; this has contributed to the development of commercial greenhouses.

 Europe to hold largest share of grow lights market during forecast period

Europe is expected to continue to dominate the grow lights market during the forecast period. This region has been using grow light systems for the past few decades in controlled environment agriculture (CEA) such as greenhouses, vertical farming, and indoor farming. The use of grow lights in this region is gradually increasing; from being a supplemental lighting source, grow lights are becoming the primary source of light in indoor farming operations. The population of Europe has grown significantly in recent years, and countries in the region are importing fruits and vegetables from the external markets of Africa and Asia in frozen form. To reduce dependency on imports, some of the major countries in this region are increasingly adopting CEA to obtain fresh produce from locally cultivated farms. This, in turn, is expected to generate a huge demand for grow light systems in the future.

Signify Holding (Netherlands), General Electric Company (US), Osram GmbH (Germany), Gavita International B. V. (Netherlands), Helliospectra AB (Sweden), Iwasaki Electric Co., Ltd. (Japan), Illumitex (US), Hortilux Schréder (Netherlands), California Lightworks (US), Zuzi Technology (China), AeroFarms (US), Emium LLC (US), InduLux Technologies (Canada), Valoya (Finland), Kessil (US), Thrive Agritech (US), VividGro (US), Bowery Farming, Inc. (US), Metropolis Farms (US), and Crop One Holdings (US) are a few major players in the grow lights market.

Breakdown of primary participants’ profile:


  • By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%

  • By Designation: C-level Executives = 40%, Directors = 25%, and Others = 35%

  • By Region: North America = 40%, Europe = 30%, APAC = 20%, and RoW = 10%


Research Coverage:

Watt, lighting type, installation type, offering, application, and geography are the segments covered in this report. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:


  • This report includes statistics pertaining to the grow lights market in terms of watt, lighting type, installation type, offering, application, geography, along with their respective market sizes.

  • Major drivers, restraints, opportunities, and challenges for the grow lights market have been provided in detail in this report.

  • The report includes illustrative segmentation, analysis, and forecast for the grow lights market based on its segments and sub segments.

Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.3 Secondary And Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Obtaining Market Size Using Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach For Obtaining Market Size Using Top-Down Analysis
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities In Grow Lights Market
4.2 Grow Lights Market, By Application
4.3 Grow Lights Market In Europe, By Application And Country
4.4 Grow Lights Market In Europe, By Lighting Type
4.5 Grow Lights Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption Of Indoor Farming In Urban Areas
5.2.1.2 Ongoing Government Initiatives To Support Energy-Efficient Lighting
5.2.1.3 Growing Need For Long-Lasting, Energy-Efficient, And Economical Grow Lights
5.2.1.4 Emerging Trend Of Farm-To-Table Concept
5.2.2 Restraints
5.2.2.1 Requirement For Varied Light Spectrums For Different Crops
5.2.2.2 High Setup And Installation Costs
5.2.3 Opportunities
5.2.3.1 Rise Of Vertical Farms
5.2.3.2 Technological Advancements In Led Grow Lights
5.2.3.3 Legalization Of Cannabis In Different Countries Including Us
5.2.3.4 Emergence Of Horticulture Lighting Software And Calculator
5.2.4 Challenges
5.2.4.1 Lack Of Standard Testing Practices For Assessing Product Quality Of Grow Lights And Their Fixtures

6 Industry Trends
6.1 Value Chain Analysis
6.2 Covid-19 Impact On Grow Lights Market
6.2.1 Overview And Statistics
6.2.2 Impact On Grow Lights Market

7 Grow Lights Market, By Watt
7.1 Introduction
7.2 <300 Watt
7.2.1 <300 Watt Type Of Grow Lights Are Largely Used For Cannabis Production
7.3 >300 Watt
7.3.1 >300 Watt Type Of Grow Lights Are Suitable For Vegetable And Flower Production

8 Grow Lights Market, By Lighting Type
8.1 Introduction
8.2 Toplighting
8.2.1 Toplighting—Widely Used Lighting Type In Indoor Farming
8.3 Interlighting
8.3.1 Interlighting To Register Higher Cagr In Grow Lights Market During Forecast Period

9 Grow Lights Market, By Installation Type
9.1 Introduction
9.2 New Installations
9.2.1 Growing Adoption Of Vertical Farming Boost New Installations Of Grow Lights
9.3 Retrofit Installations
9.3.1 Retrofitting Installation Of Grow Lights Help Save Energy, Improve Plant Quality, And Reduce Maintenance Cost

10 Grow Lights Market, By Offering
10.1 Introduction
10.2 Hardware
10.2.1 Bulbs And Fixtures, Metal Reflectors, Reflective Films, And Ballasts Are Key Hardware Components Of Grow Light System
10.3 Software & Services
10.3.1 Software & Services Segment To Exhibit Higher Cagr In Grow Light Market During 2020–2025

11 Grow Lights Market, By Application
11.1 Introduction
11.2 Commercial Greenhouse
11.2.1 Commercial Greenhouse Use Grow Lights To Achieve Higher Yield
11.3 Vertical Farming
11.3.1 Optimum Use Of Vertical Space And Balanced Energy Utilization Create Demand For Grow Lights In Vertical Farming
11.4 Indoor Farming
11.4.1 Rise In Global Population And Increasing Requirement For Food Accelerate Demand For Grow Lights In Indoor Farming
11.5 Others

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.2.1 Us
12.2.1.1 Presence Of Various Manufacturers Of Grow Light Systems Foster Growth Of Grow Lights Market In Us
12.2.2 Canada
12.2.2.1 Utilization Of Grow Lights For Cultivation Of Medical Marijuana Induce Greater Demand In Canada
12.2.3 Mexico
12.2.3.1 Extensive Use Of Grow Lights In Tomato Cultivation To Accelerate Their Demand In Mexico
12.3 Europe
12.3.1 Uk
12.3.1.1 Large-Scale Indoor Farming Practices In Uk To Boost Demand For Grow Lights
12.3.2 Germany
12.3.2.1 High Adoption Of Grow Lights In Large-Scale Commercial Greenhouses To Fuel Requirement For Grow Lights
12.3.3 Netherlands
12.3.3.1 Robust Presence Of Agriculture Industry And Key Market Players In Country To Augment Growth Of Grow Lights Market
12.3.4 Scandinavia
12.3.4.1 Rapid Adoption Of Grow Lights In Indoor Farming And Greenhouse Applications To Stimulate Market Growth In Scandinavian Countries
12.3.5 Rest Of Europe
12.4 Apac
12.4.1 China
12.4.1.1 Surging Demand For High-Quality Fruits And Vegetables To Encourage Use Of Grow Lights In China
12.4.2 Japan
12.4.2.1 Shortage Of Arable Land In Country To Induce Demand For Grow Lights
12.4.3 Australia
12.4.3.1 Less Rainfall, Along With Legalization Of Cannabis, To Facilitate Use Of Grow Lights For Horticulture In Australia
12.4.4 Rest Of Apac
12.5 Rest Of The World
12.5.1 South America
12.5.1.1 Vertical Coffee Farm In Brazil To Provide Lucrative Opportunities For Grow Lights Market
12.5.2 Middle East
12.5.2.1 Lack Of Fertile Land In Middle East Encouraging Adoption Of Grow Lights
12.5.3 Africa
12.5.3.1 Deficiency Of Sunlight In Long Monsoon Season In Africa Promote Implementation Of Grow Lights

13 Competitive Landscape
13.1 Overview
13.2 Ranking Analysis Of Key Players In Grow Lights Market
13.3 Competitive Situations And Trends
13.3.1 Product Launches And Developments
13.3.2 Contracts
13.3.3 Collaborations
13.4 Competitive Leadership Mapping, 2019
13.4.1 Visionary Leaders
13.4.2 Dynamic Differentiators
13.4.3 Innovators
13.4.4 Emerging Companies

14 Company Profiles
14.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Swot Analysis, And Mnm View)*
14.1.1 Signify Holding
14.1.2 Gavita International B.V.
14.1.3 General Electric Company
14.1.4 Osram Gmbh
14.1.5 Heliospectra Ab
14.1.6 Iwasaki Electric Co., Ltd.
14.1.7 Illumitex
14.1.8 Hortilux Schréder
14.1.9 California Lightworks
14.1.10 Zuzi Technology
14.2 Other Important Players
14.2.1 Aerofarms
14.2.2 Emium Llc
14.2.3 Indulux Technologies
14.2.4 Valoya
14.2.5 Kessil
*Details On Business Overview, Products/Solutions/Services Offered, Recent Developments, Swot Analysis, And Mnm View Might Not Be Captured In Case Of Unlisted Companies.
14.3 Key Innovators
14.3.1 Thrive Agritech
14.3.2 Vividgro (Subsidiary Of Lighting Science Group Corporation)
14.3.3 Bowery Farming, Inc.
14.3.4 Metropolis Farms
14.3.5 Crop One Holdings

15 Appendix
15.1 Other Insights From Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

List Of Tables

Table 1 Effects Of Different Spectrums Of Grow Lights On Different Types Of Plants
Table 2 Grow Lights Market, By Watt, 2017–2025 (Usd Million)
Table 3 <300-Watt Grow Lights Market, By Application, 2017–2025 (Usd Million)
Table 4 >300-Watt Grow Lights Market, By Application, 2017–2025 (Usd Million)
Table 5 Grow Lights Market, By Lighting Type, 2017–2025 (Usd Million)
Table 6 Grow Lights Market For Toplighting, By Region, 2017–2025 (Usd Million)
Table 7 Grow Lights Market For Interlighting, By Region, 2017–2025 (Usd Million)
Table 8 Grow Lights Market, By Installation Type, 2017–2025 (Usd Million)
Table 9 Grow Lights Market For New Installations, By Region, 2017–2025 (Usd Million)
Table 10 Grow Lights Market For Retrofit Installations, By Region, 2017–2025 (Usd Million)
Table 11 Grow Lights Market, By Offering, 2017–2025 (Usd Million)
Table 12 Grow Lights Market For Hardware, By Region, 2017–2025 (Usd Million)
Table 13 Grow Lights Market For Software & Services, By Region, 2017–2025 (Usd Million)
Table 14 Grow Lights Market, By Application, 2017–2025 (Usd Million)
Table 15 Grow Lights Market For Commercial Greenhouse, By Watt, 2017–2025 (Usd Million)
Table 16 Grow Lights Market For Commercial Greenhouse, By Region, 2017–2025 (Usd Million)
Table 17 Grow Lights Market For Vertical Farming, By Watt, 2017–2025 (Usd Million)
Table 18 Grow Lights Market For Vertical Farming, By Region, 2017–2025 (Usd Million)
Table 19 Grow Lights Market For Indoor Farming, By Watt, 2017–2025 (Usd Million)
Table 20 Grow Lights Market For Indoor Farming, By Region, 2017–2025 (Usd Million)
Table 21 Grow Lights Market For Other Applications, By Watt, 2017–2025 (Usd Million)
Table 22 Grow Lights Market For Other Applications, By Region, 2017–2025 (Usd Thousand)
Table 23 Grow Lights Market, By Region, 2017–2025 (Usd Million)
Table 24 Grow Lights Market In North America, By Country, 2017–2025 (Usd Million)
Table 25 Grow Lights Market In North America, By Lighting Type, 2017–2025 (Usd Million)
Table 26 Grow Lights Market In North America, By Installation Type, 2017–2025 (Usd Million)
Table 27 Grow Lights Market In North America, By Offering, 2017–2025 (Usd Million)
Table 28 Grow Lights Market In North America, By Application, 2017–2025 (Usd Million)
Table 29 Grow Lights Market In Us, By Application, 2017–2025 (Usd Million)
Table 30 Grow Lights Market In Canada, By Application, 2017–2025 (Usd Million)
Table 31 Grow Lights Market In Mexico, By Application, 2017–2025 (Usd Million)
Table 32 Grow Lights Market In Europe, By Country, 2017–2025 (Usd Million)
Table 33 Grow Lights Market In Europe, By Lighting Type, 2017–2025 (Usd Million)
Table 34 Grow Lights Market In Europe, By Installation Type, 2017—2025 (Usd Million)
Table 35 Grow Lights Market In Europe, By Offering, 2017–2025 (Usd Million)
Table 36 Grow Lights Market In Europe, By Application, 2017–2025 (Usd Million)
Table 37 Grow Lights Market In Uk, By Application, 2017–2025 (Usd Million)
Table 38 Grow Lights Market In Germany, By Application, 2017–2025 (Usd Million)
Table 39 Grow Lights Market In Netherlands, By Application, 2017–2025 (Usd Million)
Table 40 Grow Lights Market In Scandinavia, By Application, 2017–2025 (Usd Million)
Table 41 Grow Lights Market In Rest Of Europe, By Application, 2017–2025 (Usd Million)
Table 42 Grow Lights Market In Apac, By Country, 2017–2025 (Usd Million)
Table 43 Grow Lights Market In Apac, By Lighting Type, 2017–2025 (Usd Million)
Table 44 Grow Lights Market In Apac, By Installation Type, 2017–2025 (Usd Million)
Table 45 Grow Lights Market In Apac, By Offering, 2017–2025 (Usd Million)
Table 46 Grow Lights Market In Apac, By Application, 2017–2025 (Usd Million)
Table 47 Grow Lights Market In China, By Application, 2017–2025 (Usd Million)
Table 48 Grow Lights Market In Japan, By Application, 2017–2025 (Usd Million)
Table 49 Grow Lights Market In Australia, By Application, 2017–2025 (Usd Million)
Table 50 Grow Lights Market In Rest Of Apac, By Application, 2017–2025 (Usd Million)
Table 51 Grow Lights Market In Row, By Country, 2017–2025 (Usd Million)
Table 52 Grow Lights Market In Row, By Lighting Type, 2017–2025 (Usd Million)
Table 53 Grow Lights Market In Row, By Installation Type, 2017–2025 (Usd Million)
Table 54 Grow Lights Market In Row, By Offering, 2017–2025 (Usd Million)
Table 55 Grow Lights Market In Row, By Application, 2017–2025 (Usd Million)
Table 56 Grow Lights Market In South America, By Application, 2017–2025 (Usd Thousand)
Table 57 Grow Lights Market In Middle East, By Application, 2017–2025 (Usd Million)
Table 58 Grow Lights Market In Africa, By Application, 2017–2025 (Usd Thousand)
Table 59 Product Launches And Developments, 2019–2020
Table 60 Contracts, 2019–2020
Table 61 Collaborations, 2019

List Of Figures

Figure 1 Grow Lights Market Segmentation
Figure 2 Grow Lights Market: Process Flow Of Market Size Estimation
Figure 3 Grow Lights Market: Research Design
Figure 4 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated By Companies From Solutions/Products/ Services Offered In Grow Lights Market
Figure 5 Market Size Estimation Methodology: Approach 2 (Demand Side): Adoption Level Of Grow Lights By Different End Users
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Retrofit Installations To Register Higher Cagr During Forecast Period
Figure 10 Vertical Farming To Account For Largest Size Of Grow Lights Market During Forecast Period
Figure 11 Toplighting Expected To Continue To Hold Larger Market Size During 2020–2025
Figure 12 Europe Accounted For Largest Share Of Grow Lights Market In 2019
Figure 13 Scenario Analysis, 2020–2025
Figure 14 Increasing Adoption Of Controlled Environment Agriculture In Urban Areas Drive Demand For Grow Lights
Figure 15 Market For Indoor Farming Expected To Grow At Highest Cagr During Forecast Period
Figure 16 Commercial Greenhouse And Netherlands Held Largest Share Of European Grow Lights Market, By Application And Country, Respectively, In 2020
Figure 17 Interlighting To Record Higher Cagr In European Grow Lights Market During Forecast Period
Figure 18 Apac To Exhibit Highest Cagr In Grow Lights Market During 2020–2025
Figure 19 Grow Lights Market: Drivers, Restraints, Opportunities, And Challenges
Figure 20 Impact Analysis: Drivers
Figure 21 Impact Analysis: Restraints
Figure 22 Impact Analysis: Opportunities
Figure 23 Impact Analysis: Challenges
Figure 24 Value Chain Analysis: Grow Lights Market
Figure 25 Grow Lights Market, By Watt
Figure 26 >300 Watt Segment To Lead Grow Lights Market During Forecast Period
Figure 27 Grow Lights Market, By Lighting Type
Figure 28 Toplighting Expected To Hold Larger Size Of Grow Lights Market During Forecast Period
Figure 29 Grow Lights Market, By Installation Type
Figure 30 Retrofit Installations To Exhibit Higher Cagr In Grow Lights Market During Forecast Period
Figure 31 Grow Lights Market, By Offering
Figure 32 Software & Services Segment To Exhibit Higher Growth Rate In Grow Lights Market During Forecast Period
Figure 33 Grow Lights Market, By Application
Figure 34 Vertical Farming To Hold Largest Size Of Grow Lights Market During Forecast Period
Figure 35 Grow Lights Market, By Geography
Figure 36 Grow Lights Market In North America
Figure 37 Snapshot: Grow Lights Market In North America, 2019
Figure 38 Grow Lights Market In Europe
Figure 39 Snapshot Of Grow Lights Market In Europe, 2019
Figure 40 Grow Lights Market In Apac
Figure 41 Snapshot Of Grow Lights Market In Apac, 2019
Figure 42 Grow Lights Market In Row
Figure 43 Key Growth Strategies, 2017–2020
Figure 44 Grow Lights Market: Ranking Of Key Companies
Figure 45 Grow Lights Market (Global) Competitive Leadership Mapping, 2019
Figure 46 Signify Holding: Company Snapshot
Figure 47 General Electric Company: Company Snapshot
Figure 48 Osram Gmbh: Company Snapshot
Figure 49 Heliospectra Ab: Company Snapshot
Figure 50 Iwasaki Electric Co., Ltd.: Company Snapshot

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