The global market for Horticulture LED Grow Lights was valued at US$ 1533 million in the year 2023 and is projected to reach a revised size of US$ 4248 million by 2030, growing at a CAGR of 13.7% during the forecast period.
Horticulture 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 horticulture 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, horticulture 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 horticulture LED grow lights.
Intelligent development: With the improvement of the Internet of Things and intelligent control technology, horticulture 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 horticulture LED grow light 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 horticulture 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, horticulture 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 horticulture LED grow light industry.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Horticulture LED Grow Lights, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Horticulture LED Grow Lights.
The Horticulture LED Grow Lights market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Horticulture LED Grow Lights market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Horticulture LED Grow Lights manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
by Type
Partial Spectrum Light
Full Spectrum Light
by Application
Commercial Greenhouse
Indoor Growing Facilities
Research & Lab
Others
Production by Region
North America
Europe
China
Japan
Southeast Asia
India
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, 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: Detailed analysis of Horticulture LED Grow Lights manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Horticulture LED Grow Lights by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Horticulture LED Grow Lights in 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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1 Horticulture LED Grow Lights Market Overview
1.1 Product Definition
1.2 Horticulture LED Grow Lights by Type
1.2.1 Global Horticulture LED Grow Lights Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Partial Spectrum Light
1.2.3 Full Spectrum Light
1.3 Horticulture LED Grow Lights by Application
1.3.1 Global Horticulture LED Grow Lights Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial Greenhouse
1.3.3 Indoor Growing Facilities
1.3.4 Research & Lab
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Horticulture LED Grow Lights Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Horticulture LED Grow Lights Production Estimates and Forecasts (2019-2030)
1.4.4 Global Horticulture LED Grow Lights Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Horticulture LED Grow Lights Production Market Share by Manufacturers (2019-2024)
2.2 Global Horticulture LED Grow Lights Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Horticulture LED Grow Lights, Industry Ranking, 2022 VS 2023
2.4 Global Horticulture LED Grow Lights Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Horticulture LED Grow Lights Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Horticulture LED Grow Lights, Manufacturing Sites & Headquarters
2.7 Global Key Manufacturers of Horticulture LED Grow Lights, Product Type & Application
2.8 Global Key Manufacturers of Horticulture LED Grow Lights, Date of Enter into This Industry
2.9 Global Horticulture LED Grow Lights Market Competitive Situation and Trends
2.9.1 Global Horticulture LED Grow Lights Market Concentration Rate
2.9.2 Global 5 and 10 Largest Horticulture LED Grow Lights Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Horticulture LED Grow Lights Production by Region
3.1 Global Horticulture LED Grow Lights Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Horticulture LED Grow Lights Production Value by Region (2019-2030)
3.2.1 Global Horticulture LED Grow Lights Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Horticulture LED Grow Lights by Region (2025-2030)
3.3 Global Horticulture LED Grow Lights Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Horticulture LED Grow Lights Production by Region (2019-2030)
3.4.1 Global Horticulture LED Grow Lights Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Horticulture LED Grow Lights by Region (2025-2030)
3.5 Global Horticulture LED Grow Lights Market Price Analysis by Region (2019-2024)
3.6 Global Horticulture LED Grow Lights Production and Value, Year-over-Year Growth
3.6.1 North America Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
3.6.5 Southeast Asia Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Horticulture LED Grow Lights Production Value Estimates and Forecasts (2019-2030)
4 Horticulture LED Grow Lights Consumption by Region
4.1 Global Horticulture LED Grow Lights Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Horticulture LED Grow Lights Consumption by Region (2019-2030)
4.2.1 Global Horticulture LED Grow Lights Consumption by Region (2019-2030)
4.2.2 Global Horticulture LED Grow Lights Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Horticulture LED Grow Lights Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Horticulture LED Grow Lights Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Horticulture LED Grow Lights Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Horticulture LED Grow Lights Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Horticulture LED Grow Lights Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Horticulture LED Grow Lights Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Horticulture LED Grow Lights Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Horticulture LED Grow Lights Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Horticulture LED Grow Lights Production by Type (2019-2030)
5.1.1 Global Horticulture LED Grow Lights Production by Type (2019-2024)
5.1.2 Global Horticulture LED Grow Lights Production by Type (2025-2030)
5.1.3 Global Horticulture LED Grow Lights Production Market Share by Type (2019-2030)
5.2 Global Horticulture LED Grow Lights Production Value by Type (2019-2030)
5.2.1 Global Horticulture LED Grow Lights Production Value by Type (2019-2024)
5.2.2 Global Horticulture LED Grow Lights Production Value by Type (2025-2030)
5.2.3 Global Horticulture LED Grow Lights Production Value Market Share by Type (2019-2030)
5.3 Global Horticulture LED Grow Lights Price by Type (2019-2030)
6 Segment by Application
6.1 Global Horticulture LED Grow Lights Production by Application (2019-2030)
6.1.1 Global Horticulture LED Grow Lights Production by Application (2019-2024)
6.1.2 Global Horticulture LED Grow Lights Production by Application (2025-2030)
6.1.3 Global Horticulture LED Grow Lights Production Market Share by Application (2019-2030)
6.2 Global Horticulture LED Grow Lights Production Value by Application (2019-2030)
6.2.1 Global Horticulture LED Grow Lights Production Value by Application (2019-2024)
6.2.2 Global Horticulture LED Grow Lights Production Value by Application (2025-2030)
6.2.3 Global Horticulture LED Grow Lights Production Value Market Share by Application (2019-2030)
6.3 Global Horticulture LED Grow Lights Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Signify
7.1.1 Signify Horticulture LED Grow Lights Company Information
7.1.2 Signify Horticulture LED Grow Lights Product Portfolio
7.1.3 Signify Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Signify Main Business and Markets Served
7.1.5 Signify Recent Developments/Updates
7.2 GE Lighting
7.2.1 GE Lighting Horticulture LED Grow Lights Company Information
7.2.2 GE Lighting Horticulture LED Grow Lights Product Portfolio
7.2.3 GE Lighting Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.2.4 GE Lighting Main Business and Markets Served
7.2.5 GE Lighting Recent Developments/Updates
7.3 ams OSRAM
7.3.1 ams OSRAM Horticulture LED Grow Lights Company Information
7.3.2 ams OSRAM Horticulture LED Grow Lights Product Portfolio
7.3.3 ams OSRAM Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.3.4 ams OSRAM Main Business and Markets Served
7.3.5 ams OSRAM Recent Developments/Updates
7.4 Cree LED
7.4.1 Cree LED Horticulture LED Grow Lights Company Information
7.4.2 Cree LED Horticulture LED Grow Lights Product Portfolio
7.4.3 Cree LED Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Cree LED Main Business and Markets Served
7.4.5 Cree LED Recent Developments/Updates
7.5 Gavita
7.5.1 Gavita Horticulture LED Grow Lights Company Information
7.5.2 Gavita Horticulture LED Grow Lights Product Portfolio
7.5.3 Gavita Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Gavita Main Business and Markets Served
7.5.5 Gavita Recent Developments/Updates
7.6 Everlight Electronics
7.6.1 Everlight Electronics Horticulture LED Grow Lights Company Information
7.6.2 Everlight Electronics Horticulture LED Grow Lights Product Portfolio
7.6.3 Everlight Electronics Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Everlight Electronics Main Business and Markets Served
7.6.5 Everlight Electronics Recent Developments/Updates
7.7 Lumileds
7.7.1 Lumileds Horticulture LED Grow Lights Company Information
7.7.2 Lumileds Horticulture LED Grow Lights Product Portfolio
7.7.3 Lumileds Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Lumileds Main Business and Markets Served
7.7.5 Lumileds Recent Developments/Updates
7.8 Kessil
7.8.1 Kessil Horticulture LED Grow Lights Company Information
7.8.2 Kessil Horticulture LED Grow Lights Product Portfolio
7.8.3 Kessil Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Kessil Main Business and Markets Served
7.8.5 Kessil Recent Developments/Updates
7.9 Valoya
7.9.1 Valoya Horticulture LED Grow Lights Company Information
7.9.2 Valoya Horticulture LED Grow Lights Product Portfolio
7.9.3 Valoya Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Valoya Main Business and Markets Served
7.9.5 Valoya Recent Developments/Updates
7.10 Heliospectra AB
7.10.1 Heliospectra AB Horticulture LED Grow Lights Company Information
7.10.2 Heliospectra AB Horticulture LED Grow Lights Product Portfolio
7.10.3 Heliospectra AB Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Heliospectra AB Main Business and Markets Served
7.10.5 Heliospectra AB Recent Developments/Updates
7.11 Senmatic
7.11.1 Senmatic Horticulture LED Grow Lights Company Information
7.11.2 Senmatic Horticulture LED Grow Lights Product Portfolio
7.11.3 Senmatic Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Senmatic Main Business and Markets Served
7.11.5 Senmatic Recent Developments/Updates
7.12 AIS LED Light
7.12.1 AIS LED Light Horticulture LED Grow Lights Company Information
7.12.2 AIS LED Light Horticulture LED Grow Lights Product Portfolio
7.12.3 AIS LED Light Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.12.4 AIS LED Light Main Business and Markets Served
7.12.5 AIS LED Light Recent Developments/Updates
7.13 Yaham Lighting
7.13.1 Yaham Lighting Horticulture LED Grow Lights Company Information
7.13.2 Yaham Lighting Horticulture LED Grow Lights Product Portfolio
7.13.3 Yaham Lighting Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Yaham Lighting Main Business and Markets Served
7.13.5 Yaham Lighting Recent Developments/Updates
7.14 Longood
7.14.1 Longood Horticulture LED Grow Lights Company Information
7.14.2 Longood Horticulture LED Grow Lights Product Portfolio
7.14.3 Longood Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Longood Main Business and Markets Served
7.14.5 Longood Recent Developments/Updates
7.15 Growray
7.15.1 Growray Horticulture LED Grow Lights Company Information
7.15.2 Growray Horticulture LED Grow Lights Product Portfolio
7.15.3 Growray Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Growray Main Business and Markets Served
7.15.5 Growray Recent Developments/Updates
7.16 California Lightworks
7.16.1 California Lightworks Horticulture LED Grow Lights Company Information
7.16.2 California Lightworks Horticulture LED Grow Lights Product Portfolio
7.16.3 California Lightworks Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.16.4 California Lightworks Main Business and Markets Served
7.16.5 California Lightworks Recent Developments/Updates
7.17 SANANBIO
7.17.1 SANANBIO Horticulture LED Grow Lights Company Information
7.17.2 SANANBIO Horticulture LED Grow Lights Product Portfolio
7.17.3 SANANBIO Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.17.4 SANANBIO Main Business and Markets Served
7.17.5 SANANBIO Recent Developments/Updates
7.18 Up-shine Lighting
7.18.1 Up-shine Lighting Horticulture LED Grow Lights Company Information
7.18.2 Up-shine Lighting Horticulture LED Grow Lights Product Portfolio
7.18.3 Up-shine Lighting Horticulture LED Grow Lights Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Up-shine Lighting Main Business and Markets Served
7.18.5 Up-shine Lighting Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Horticulture LED Grow Lights Industry Chain Analysis
8.2 Horticulture LED Grow Lights Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Horticulture LED Grow Lights Production Mode & Process
8.4 Horticulture LED Grow Lights Sales and Marketing
8.4.1 Horticulture LED Grow Lights Sales Channels
8.4.2 Horticulture LED Grow Lights Distributors
8.5 Horticulture LED Grow Lights Customers
9 Horticulture LED Grow Lights Market Dynamics
9.1 Horticulture LED Grow Lights Industry Trends
9.2 Horticulture LED Grow Lights Market Drivers
9.3 Horticulture LED Grow Lights Market Challenges
9.4 Horticulture LED Grow Lights Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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
听
听
*If Applicable.