Global LED Grow Lights for Plants Market Growth 2024-2030

Global LED Grow Lights for Plants Market Growth 2024-2030

The global LED Grow Lights for Plants market size is projected to grow from US$ 224.4 million in 2023 to US$ 1545.9 million in 2030; it is expected to grow at a CAGR of 31.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “LED Grow Lights for Plants Industry Forecast” looks at past sales and reviews total world LED Grow Lights for Plants sales in 2023, providing a comprehensive analysis by region and market sector of projected LED Grow Lights for Plants sales for 2024 through 2030. With LED Grow Lights for Plants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Grow Lights for Plants industry.

This Insight Report provides a comprehensive analysis of the global LED Grow Lights for Plants 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 LED Grow Lights for Plants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LED Grow Lights for Plants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Grow Lights for Plants 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 LED Grow Lights for Plants.

United States market for LED Grow Lights for Plants is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for LED Grow Lights for Plants is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for LED Grow Lights for Plants is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key LED Grow Lights for Plants players cover Signify, General Electric, Osram, Cree and Hubbell Lighting, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Grow Lights for Plants market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Non-Full Spectrum Light
Full Spectrum Light

Segmentation by application
Vegetable
Fruit
Flowers

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
General Electric
Osram
Cree
Hubbell Lighting
Gavita
Illumitex
Lumigrow
Everlight Electronics
Kessil
Valoya
Heliospectra AB
Cidly
Ohmax Optoelectronic
Senmatic
AIS LED Light
Yaham Lighting
PARUS
Up-shine Lighting

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Grow Lights for Plants market?

What factors are driving LED Grow Lights for Plants market growth, globally and by region?

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

How do LED Grow Lights for Plants market opportunities vary by end market size?

How does LED Grow Lights for Plants break out type, application?

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