Global LED Grow light Market Growth 2023-2029

Global LED Grow light Market Growth 2023-2029

LED plant growth lamp 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.
LPI (LP Information)' newest research report, the “LED Grow light Industry Forecast” looks at past sales and reviews total world LED Grow light sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Grow light sales for 2023 through 2029. With LED Grow light sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Grow light industry.
This Insight Report provides a comprehensive analysis of the global LED Grow light 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 light portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Grow light market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Grow light 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 light.
The global LED Grow light market size is projected to grow from US$ 1195.6 million in 2022 to US$ 3963.2 million in 2029; it is expected to grow at a CAGR of 3963.2 from 2023 to 2029.
According to types, the most proportion of the LED Grow Lights is Partial Spectrum Light, taking about 75% share of global market in 2020. The most proportion of LED Grow Lights is used for Commercial Greenhouse and the proportion is about 65% in 2020.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Grow light market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Hemp Growing Lamp
Fruit and Vegetable Flower Growing Lamp
Lawn Patch Light
Others
Segmentation by application
Commercial Greenhouse
Indoor Growing Facilities
Research and Application
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
Everlight Electronics
Gavita
Hubbell Lighting
Kessil
Cree
Illumitex
Lumigrow
Senmatic A/S
Valoya
Heliospectra AB
Cidly
Ohmax Optoelectronic
AIS LED Light
Vipple
Growray
California Lightworks
VANQ Technology
Yaham Lighting
PARUS

Key Questions Addressed in this Report
What is the 10-year outlook for the global LED Grow light market?
What factors are driving LED Grow light market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LED Grow light market opportunities vary by end market size?
How does LED Grow light 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.