세계의 식물재배 조명 시장 : 제공량별, 와트수별, 스펙트럼별, 재배 식물별, 설치 유형별, 판매 채널별, 용도별, 지역별 - 산업 예측(2024-2031년)

Grow Light Market size was valued at USD 4.9 Billion in 2022 and is poised to grow from USD 5.68 Billion in 2023 to USD 18.49 Billion by 2031, at a CAGR of 15.9% during the forecast period (2024-2031).

The grow light market is witnessing significant growth driven by the increasing demand for indoor farming solutions, particularly in urban areas where sunlight is often scarce. This surge is largely attributed to technological advancements in plant factories and the ongoing trend towards vertical farming. Consumers are seeking fresh produce, vibrant flowers, and aromatic herbs year-round, facilitated by the rise of e-commerce which provides easy access to these products. The market offers a variety of grow light types, including compact fluorescent lights, T5, T8, T12 tubes, LED full spectrum, LED standard, Metal Halide, High-Pressure Sodium, and Ceramic Metal Halide, each with distinct advantages such as energy efficiency, durability, and tailored light spectra for different growth phases. For instance, fluorescent lights are ideal for nurturing seedlings and lettuce, while LED lights excel due to their spectrum adaptability, supporting plants from seedling to flowering stages. However, the market faces challenges including substantial capital investments for indoor farms and limitations on the types of crops that can be cultivated. Despite these obstacles, the expected advancements in grow light technology and the growing adoption of organic farming practices suggest a promising future for market expansion, as solutions are developed to navigate these barriers.

Top-down and bottom-up approaches were used to estimate and validate the size of the Grow Light market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Grow Light Market Segmental Analysis

Global Grow Light Market is segmented By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application and by Region. Based on Offering, the market is segmented into (Hardware, Software & Services). Based on Wattage, the market is segmented into (<300 Watts, >=300 Watts) Based on Spectrum, the market is segmented into Full Spectrum, Limited Spectrum. Based on Cultivated Plant, the market is segmented into Fruits & Vegetables, Flowers, Cannabis. Based on Installation Type, the market is segmented into New Installations, Retrofit Installations. Based on Sales Channel, the market is segmented into Distribution Channels, E-Commerce Channels, Direct Sales Channels. Based on Application, the market is segmented into Greenhouses, Vertical Farming, Indoor Farming, Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Grow Light Market

The Grow Light market is significantly driven by the rising demand for indoor agriculture, spurred by urbanization and the need for efficient crop production in controlled environments. This trend leads to the widespread use of CFL fluorescent growing lamps, known for their efficacy in growing leafy vegetables and herbs. These lamps operate by passing an electric current through gas within the tubes, generating light while consuming 20 to 30 percent less power compared to traditional incandescent bulbs. Additionally, their long lifespan adds to their attractiveness, making them a preferred choice for optimizing indoor farming practices and enhancing yield efficiency.

Restraints in the Grow Light Market

One of the key challenges in the Grow Light market lies in ensuring optimal light conditions for plant growth. Achieving the right intensity, wavelength, and exposure duration of light is particularly challenging in industrial-scale vertical farming. Additionally, fluctuations in environmental factors like temperature and humidity can adversely affect plant health, complicating the lighting requirements further. Addressing these challenges often demands advanced control systems and a high level of expertise in lighting management. This complexity can pose significant difficulties for some growers, especially those operating in resource-constrained indoor farming environments, thereby acting as a restraint within the market.

Market Trends of the Grow Light Market

The Grow Light market is witnessing a significant trend towards eco-friendly solutions, bolstered by advancements in smart lighting technologies. Growers are increasingly opting for innovative systems that offer remote monitoring, data analytics, and precise light control to optimize crop growth and yields. This shift underscores a broader demand for efficiency and customization within the agricultural sector, promoting the adoption of intelligent lighting solutions that enhance productivity while reducing operational costs. As farmers seek to align with sustainable practices, this trend not only highlights the importance of sustainability in food production but also positions smart grow lights as essential tools in modern agriculture.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Pricing Analysis

Global Grow Light Market Size by Offering & CAGR (2024-2031)

• Hardware
• Software & Services

Global Grow Light Market Size by Wattage & CAGR (2024-2031)

• <300 Watts
• >=300 Watts

Global Grow Light Market Size by Spectrum & CAGR (2024-2031)

• Full Spectrum
• Limited Spectrum

Global Grow Light Market Size by Cultivated Plant & CAGR (2024-2031)

• Fruits & Vegetables
• Flowers
• Cannabis

Global Grow Light Market Size by Installation Type & CAGR (2024-2031)

• New Installations
• Retrofit Installations

Global Grow Light Market Size by Sales Channel & CAGR (2024-2031)

• Distribution Channels
• E-Commerce Channels
• Direct Sales Channels

Global Grow Light Market Size by Application & CAGR (2024-2031)

• Greenhouses
• Vertical Farming
• Indoor Farming
• Other Applications

Global Grow Light Market Size by Region & CAGR (2024-2031)

• North America, (By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application)
  • US
  • Canada
• Europe, (By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (By Offering, By Wattage, By Spectrum, By Cultivated Plant, By Installation Type, By Sales Channel, By Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Signify Holding
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gavita International B.V. (Hawthorne)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Heliospectra
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ams-OSRAM AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• California LightWorks
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hortilux Schreder
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Valoya
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ILUMINAR Lighting LLC.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAVANT TECHNOLOGIES LLC.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ushio Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• EconoLux Industries Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LEDVANCE GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lemnis Oreon B.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyperion Grow Lights
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sananbio
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dongguan LEDESTAR Opto-electronics Tech. Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ViparSpectra
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kind LED Grow Lights
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Black Dog Horticulture Technologies & Consulting
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Agrolux B.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation