Global Cannabis Lighting Market Growth 2024-2030

Global Cannabis Lighting Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Cannabis Lighting market size was valued at US$ 4730.8 million in 2023. With growing demand in downstream market, the Cannabis Lighting is forecast to a readjusted size of US$ 8604.5 million by 2030 with a CAGR of 8.9% during review period.

The research report highlights the growth potential of the global Cannabis Lighting market. Cannabis Lighting are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Cannabis Lighting. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Cannabis Lighting market.

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.

Plant extracts industry as a whole is still in a rapid development stage, with people's pursuit of natural green and health, the future of new varieties of plant extracts and applications will continue to be developed, specialization and refinement of the requirements of the gradual increase in industry concentration will gradually increase. With the gradual growth of China's traditional Chinese medicine industry and food industry, the market scale of China's plant extract industry will also continue to expand. Based on our research, the market size of China's plant extract industry will grow at a CAGR of 10% from 2023 to 2028.

Key Features:

The report on Cannabis Lighting market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Cannabis Lighting market. It may include historical data, market segmentation by Type (e.g., Light Emitting Diodes (LEDs), Fluorescent Light), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Cannabis Lighting market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Cannabis Lighting market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Cannabis Lighting industry. This include advancements in Cannabis Lighting technology, Cannabis Lighting new entrants, Cannabis Lighting new investment, and other innovations that are shaping the future of Cannabis Lighting.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Cannabis Lighting market. It includes factors influencing customer ' purchasing decisions, preferences for Cannabis Lighting product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Cannabis Lighting market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Cannabis Lighting market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Cannabis Lighting market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Cannabis Lighting industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Cannabis Lighting market.

Market Segmentation:

Cannabis Lighting market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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?

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