Increasing investment in research and development (R&D) is expected to drive market expansion in the near future at a CAGR of 26.54% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Grow lights Market” that contains information from 2018 to 2032. The Grow lights market is estimated to register a CAGR of 26.54% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Grow lights market— Signify (formerly Philips Lighting), Osram, General Electric (GE), Heliospectra AB, Cree, Inc., Illumitex, Lumileds, Gavita, California LightWorks and Valoya.

Grow Light Market Highlights

The global Grow lights market is accounted to register a CAGR of 26.54% during the forecast period and is estimated to reach USD 20.7 billion by 2032.

The grow lights market is growing due to the expanding indoor farming and controlled-environment agriculture sectors. Grow lights provide artificial light for plant growth, enabling year-round cultivation and higher crop yields. Increased awareness of food security, advancements in LED technology, and a growing trend in urban farming contribute to market growth. The ability of grow lights to optimize plant growth, reduce cultivation time, and improve energy efficiency further drives their adoption, fostering continuous expansion in the grow lights market.

Segment Analysis

The global Grow lights market has been segmented based Offering, Wattage, Spectrum, Cultivated, Lighting Type, Light Source, Application and Sales Channel.

On the basis of offering, the market is segmented into Introduction, Hardware and Software & Services. The Hardware offerings, have captured the largest market share in the grow lights market in 2022, due to supporting infrastructure. Hardware is the key component of a full and working grow light system, which explains its supremacy. Purchasing effective and high-quality hardware components is a top priority for growers in order to guarantee ideal lighting conditions for plant development.

Based on wattage, the global Grow lights market has been segmented into <300 Watt and >300 Watt. The <300 Watts have captured the largest market share in the grow lights market in 2022, due to their versatility and energy efficiency.

Based on spectrum, the global Grow lights market has been segmented into Introduction, Full Spectrum and Limited Spectrum. The Limited-spectrum grow lights have captured the largest market share in 2022, due to their efficiency in targeting specific wavelengths essential for plant growth.

Based on cultivated, the global Grow lights market has been segmented into Introduction, Fruits & Vegetables, Flowers and Cannabis. The Fruits and vegetables cultivation have secured the largest market share in grow lights market in 2022, due to their indoor farming gains prominence.

Based on lighting type, the global Grow lights market has been segmented Introduction, Toplighting and Interlighting. The Toplighting has secured the largest market share in grow lights market in 2022, due to its effectiveness in providing uniform and consistent illumination for crops.

Based on light source, the global Grow lights market has been segmented into Light Emitting Diode, Fluorescent and High-Intensity Discharge Light. The Light Emitting Diode (LED) light sources dominate the grow lights market by capturing the largest market share in 2022, due to their energy efficiency and customizable spectrum.

Based on application, the global Grow lights market has been segmented into Introduction, New Installations and Retrofit Installations. The new installations have secured the largest market share in the grow lights market in 2022, due to their increasingly adopt advanced lighting systems for new and expanding cultivation facilities.

Based on sales channel, the global Grow lights market has been segmented into Introduction, Distribution Channels, E-Commerce channels and Direct Sales Channels. The Distribution channels, have captured the largest market share in the grow lights market in 2022, due to their facilitate widespread access to these products.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Grow Light Market Research Report

Regional Analysis

The global Grow lights market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Grow lights market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Grow lights market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Grow lights market comprises of Middle East, Africa, and Latin America.

The largest market share for Grow lights was maintained by the North American regional sector. North America has secured the largest market share in the grow lights industry due to widespread adoption and advancements in controlled environment agriculture. The region's mature cannabis market, along with a strong emphasis on sustainable farming practices, has driven the demand for high-quality grow lights. Additionally, a supportive regulatory environment and increased awareness of indoor farming benefits contribute to North America's dominance. As the market expands, the region remains at the forefront, reflecting the prevalent use of grow lights in various agricultural applications.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has captured the second-largest market share in the grow lights industry, driven by a surge in controlled environment agriculture, emphasis on sustainable farming practices, and the legalization of cannabis in some countries. The region's commitment to resource-efficient and high-yield agricultural methods contributes to the widespread adoption of grow lights. Additionally, government incentives for sustainable farming practices and technological advancements in horticulture further boost the market. As European growers embrace indoor farming, the region maintains a significant presence in the grow lights market.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the grow lights market due to increasing adoption of advanced agricultural technologies, rising awareness of controlled environment agriculture benefits, and a growing population demanding year-round produce. The region's expanding commercial greenhouse sector, coupled with government initiatives promoting sustainable farming practices, contributes to the rapid growth. As the demand for high-quality crops rises, Asia Pacific emerges as a key player, driving substantial growth in the market for grow lights.

Furthermore, the rest of the world's Grow lights market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the grow lights market due to the increasing adoption of indoor farming and controlled-environment agriculture practices. Rising awareness of sustainable food production, technological advancements in horticulture, and the need for year-round cultivation contribute to the market's global expansion.

Key Findings of the Study

• The global Grow lights market is expected to reach USD 20.7 billion by 2032, at a CAGR of 26.54% during the forecast period


• The Asia Pacific region is the fastest-growing in the grow lights market due to a surge in urbanization, growing demand for locally produced food, and increasing adoption of advanced agricultural technologies. The region's dynamic agriculture landscape contributes to accelerated market growth.


• Based on application, the New installations segment was attributed to holding the largest market in 2022, with an approximate market share of 25–30%.


• Signify (formerly Philips Lighting), Osram, General Electric (GE), Heliospectra AB, Cree, Inc., Illumitex, Lumileds, Gavita, California LightWorks and Valoya