Global Cannabis Lighting Market Growth 2023-2029

Global Cannabis Lighting Market Growth 2023-2029

The North American Cannabis lighting market is one of the most exciting potential markets for packaged LEDs today. It is the fastest growing sector within the global horticultural lighting market and will continue to have a massive impact on the market for the foreseeable future. Incumbent lighting technologies, including high pressure sodium, metal halide and fluorescent to name a few, are being replaced in large quantities by with LED. While energy efficiency continues to be a factor, additional benefits, namely increased plant productivity is the main drivers behind this growth in the market.

LPI (LP Information)' newest research report, the “Cannabis Lighting Industry Forecast” looks at past sales and reviews total world Cannabis Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Cannabis Lighting sales for 2023 through 2029. With Cannabis Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cannabis Lighting industry.

This Insight Report provides a comprehensive analysis of the global Cannabis Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cannabis Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cannabis Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cannabis Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cannabis Lighting.

The global Cannabis Lighting market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Cannabis Lighting is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Cannabis Lighting is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Cannabis Lighting is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Cannabis Lighting players cover Signify, GE Lighting, Osram, Cree LED, Hubbell Lighting, Gavita, Lumigrow, Everlight Electronics and Valoya, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Cannabis Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Light Emitting Diodes (LEDs)
Fluorescent Light
Metal Halide Light
High Pressure Sodium Light
Others

Segmentation by application
Commercial Greenhouses
Indoor Grow Facilities
Research Applications

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Signify
GE Lighting
Osram
Cree LED
Hubbell Lighting
Gavita
Lumigrow
Everlight Electronics
Valoya
Heliospectra AB
Cidly
Cultilux
Vivosun

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cannabis Lighting market?

What factors are driving Cannabis Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cannabis Lighting market opportunities vary by end market size?

How does Cannabis Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.