The North America Grow Lights Market would witness market growth of 25.3% CAGR during the forecast period (2022-2028).
Certain artificial light sources have been utilized to cultivate plants inside. In the past, HPS and electric ballasts were frequently employed in indoor farming as efficient light sources. These days, LEDs are common; they improve upon the drawbacks of fluorescent (FL), HPS, metal halide, and electric ballast grow lights. However, compared to more traditional lighting technologies like FL and HID lamps, the initial expenditure needed to buy high-quality grow lights is more.
This is mainly because each type of LED grow light on the market has LED arrays that are intended for use in horticultural applications. A top-notch, full-spectrum LED grow light can be installed as the main light source for commercial indoor cultivation. Growers are cautious to embrace energy-efficient grow light technology like induction lighting, LED, and plasma lighting because of the stark price difference. Contrary to traditional farming, indoor farming may grow crops all year round, increasing output. Additionally, by using techniques like controlled environment agriculture technology, wherein facilities use artificial environmental control, regulation of light, and fertigation, indoor farming can shield crops from extreme weather conditions.
Urban farming is a growing trend in the United States that has a significant impact on the grow light business. Growing awareness of environmental issues is another factor fueling the market's growth. Grow lights are being used more frequently as a sustainable method of development because they are an eco-friendly method of assisting agricultural products. Furthermore, indoor farming is becoming more popular in the region, which is greatly boosting product demand. Other significant growth-promoting factors include a number of technological developments in the regional grow light market, such as the creation of smart grow lights connected to the Internet of Things (IoT).
The US market dominated the North America Grow Lights Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,368.1 million by 2028.The Canada market is poised to grow at a CAGR of 28.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 27% during (2022 - 2028).
Based on Spectrum, the market is segmented into Narrow and broad. Based on Technology, the market is segmented into Light Emitting Diode (LED), High Intensity Discharge (HID), Fluorescent and Others. Based on Application, the market is segmented into Commercial Greenhouse, Turf & Landscaping, Indoor Farming, Vertical Farming and Research & Others. Based on Installation Type, the market is segmented into New Installation and Retrofit. Based on Offering, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Grow Lights Market is Estimated to reach $11.2 Billion by 2028, at a CAGR of 26.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Heliospectra AB, Gavita International B.V., California LightWorks (MWW Inc.), Valoya Oy, Hortilux Schréder (Dool Industries), Biological Innovation and Optimization Systems, LLC, GE Current, a Daintree company, Kroptek Ltd., and SANlight GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Spectrum
By Technology
- Light Emitting Diode (LED)
- High Intensity Discharge (HID)
- Fluorescent
- Others
By Application
- Commercial Greenhouse
- Turf & Landscaping
- Indoor Farming
- Vertical Farming
- Research & Others
By Installation Type
By Offering
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Signify N.V.
- Heliospectra AB
- Gavita International B.V.
- California LightWorks (MWW Inc.)
- Valoya Oy
- Hortilux Schréder (Dool Industries)
- Biological Innovation and Optimization Systems, LLC
- GE Current, a Daintree company
- Kroptek Ltd.
- SANlight GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Grow Lights Market, by Spectrum
1.4.2 North America Grow Lights Market, by Technology
1.4.3 North America Grow Lights Market, by Application
1.4.4 North America Grow Lights Market, by Installation Type
1.4.5 North America Grow Lights Market, by Offering
1.4.6 North America Grow Lights Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Grow Lights Market by Spectrum
3.1 North America Narrow Market by Country
3.2 North America Broad Market by Country
Chapter 4. North America Grow Lights Market by Technology
4.1 North America Light Emitting Diode (LED) Market by Country
4.2 North America High Intensity Discharge (HID) Market by Country
4.3 North America Fluorescent Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Grow Lights Market by Application
5.1 North America Commercial Greenhouse Market by Country
5.2 North America Turf & Landscaping Market by Country
5.3 North America Indoor Farming Market by Country
5.4 North America Vertical Farming Market by Country
5.5 North America Research & Others Market by Country
Chapter 6. North America Grow Lights Market by Installation Type
6.1 North America New Installation Market by Country
6.2 North America Retrofit Market by Country
Chapter 7. North America Grow Lights Market by Offering
7.1 North America Hardware Market by Country
7.2 North America Software Market by Country
7.3 North America Services Market by Country
Chapter 8. North America Grow Lights Market by Country
8.1 US Grow Lights Market
8.1.1 US Grow Lights Market by Spectrum
8.1.2 US Grow Lights Market by Technology
8.1.3 US Grow Lights Market by Application
8.1.4 US Grow Lights Market by Installation Type
8.1.5 US Grow Lights Market by Offering
8.2 Canada Grow Lights Market
8.2.1 Canada Grow Lights Market by Spectrum
8.2.2 Canada Grow Lights Market by Technology
8.2.3 Canada Grow Lights Market by Application
8.2.4 Canada Grow Lights Market by Installation Type
8.2.5 Canada Grow Lights Market by Offering
8.3 Mexico Grow Lights Market
8.3.1 Mexico Grow Lights Market by Spectrum
8.3.2 Mexico Grow Lights Market by Technology
8.3.3 Mexico Grow Lights Market by Application
8.3.4 Mexico Grow Lights Market by Installation Type
8.3.5 Mexico Grow Lights Market by Offering
8.4 Rest of North America Grow Lights Market
8.4.1 Rest of North America Grow Lights Market by Spectrum
8.4.2 Rest of North America Grow Lights Market by Technology
8.4.3 Rest of North America Grow Lights Market by Application
8.4.4 Rest of North America Grow Lights Market by Installation Type
8.4.5 Rest of North America Grow Lights Market by Offering
Chapter 9. Company Profiles
9.1 Signify N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.2 Heliospectra AB
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Recent strategies and developments:
9.2.3.1 Product Launches and Product Expansions:
9.3 Gavita International B.V.
9.3.1 Company Overview
9.4 California LightWorks (MWW Inc.)
9.4.1 Company Overview
9.5 Valoya Oy
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.6 Hortilux Schréder (Dool Industries)
9.6.1 Company Overview
9.7 Biological Innovation and Optimization Systems, LLC
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.8 GE Current, a Daintree company
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Kroptek Ltd.
9.9.1 Company Overview
9.10. SANlight GmbH
9.10.1 Company Overview
TABLE 1 North America Grow Lights Market, 2018 - 2021, USD Million
TABLE 2 North America Grow Lights Market, 2022 - 2028, USD Million
TABLE 3 North America Grow Lights Market by Spectrum, 2018 - 2021, USD Million
TABLE 4 North America Grow Lights Market by Spectrum, 2022 - 2028, USD Million
TABLE 5 North America Narrow Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Narrow Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Broad Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Broad Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Grow Lights Market by Technology, 2018 - 2021, USD Million
TABLE 10 North America Grow Lights Market by Technology, 2022 - 2028, USD Million
TABLE 11 North America Light Emitting Diode (LED) Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Light Emitting Diode (LED) Market by Country, 2022 - 2028, USD Million
TABLE 13 North America High Intensity Discharge (HID) Market by Country, 2018 - 2021, USD Million
TABLE 14 North America High Intensity Discharge (HID) Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Fluorescent Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Fluorescent Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Grow Lights Market by Application, 2018 - 2021, USD Million
TABLE 20 North America Grow Lights Market by Application, 2022 - 2028, USD Million
TABLE 21 North America Commercial Greenhouse Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Commercial Greenhouse Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Turf & Landscaping Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Turf & Landscaping Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Indoor Farming Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Indoor Farming Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Vertical Farming Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Vertical Farming Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Research & Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Research & Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Grow Lights Market by Installation Type, 2018 - 2021, USD Million
TABLE 32 North America Grow Lights Market by Installation Type, 2022 - 2028, USD Million
TABLE 33 North America New Installation Market by Country, 2018 - 2021, USD Million
TABLE 34 North America New Installation Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Retrofit Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Retrofit Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Grow Lights Market by Offering, 2018 - 2021, USD Million
TABLE 38 North America Grow Lights Market by Offering, 2022 - 2028, USD Million
TABLE 39 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Grow Lights Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Grow Lights Market by Country, 2022 - 2028, USD Million
TABLE 47 US Grow Lights Market, 2018 - 2021, USD Million
TABLE 48 US Grow Lights Market, 2022 - 2028, USD Million
TABLE 49 US Grow Lights Market by Spectrum, 2018 - 2021, USD Million
TABLE 50 US Grow Lights Market by Spectrum, 2022 - 2028, USD Million
TABLE 51 US Grow Lights Market by Technology, 2018 - 2021, USD Million
TABLE 52 US Grow Lights Market by Technology, 2022 - 2028, USD Million
TABLE 53 US Grow Lights Market by Application, 2018 - 2021, USD Million
TABLE 54 US Grow Lights Market by Application, 2022 - 2028, USD Million
TABLE 55 US Grow Lights Market by Installation Type, 2018 - 2021, USD Million
TABLE 56 US Grow Lights Market by Installation Type, 2022 - 2028, USD Million
TABLE 57 US Grow Lights Market by Offering, 2018 - 2021, USD Million
TABLE 58 US Grow Lights Market by Offering, 2022 - 2028, USD Million
TABLE 59 Canada Grow Lights Market, 2018 - 2021, USD Million
TABLE 60 Canada Grow Lights Market, 2022 - 2028, USD Million
TABLE 61 Canada Grow Lights Market by Spectrum, 2018 - 2021, USD Million
TABLE 62 Canada Grow Lights Market by Spectrum, 2022 - 2028, USD Million
TABLE 63 Canada Grow Lights Market by Technology, 2018 - 2021, USD Million
TABLE 64 Canada Grow Lights Market by Technology, 2022 - 2028, USD Million
TABLE 65 Canada Grow Lights Market by Application, 2018 - 2021, USD Million
TABLE 66 Canada Grow Lights Market by Application, 2022 - 2028, USD Million
TABLE 67 Canada Grow Lights Market by Installation Type, 2018 - 2021, USD Million
TABLE 68 Canada Grow Lights Market by Installation Type, 2022 - 2028, USD Million
TABLE 69 Canada Grow Lights Market by Offering, 2018 - 2021, USD Million
TABLE 70 Canada Grow Lights Market by Offering, 2022 - 2028, USD Million
TABLE 71 Mexico Grow Lights Market, 2018 - 2021, USD Million
TABLE 72 Mexico Grow Lights Market, 2022 - 2028, USD Million
TABLE 73 Mexico Grow Lights Market by Spectrum, 2018 - 2021, USD Million
TABLE 74 Mexico Grow Lights Market by Spectrum, 2022 - 2028, USD Million
TABLE 75 Mexico Grow Lights Market by Technology, 2018 - 2021, USD Million
TABLE 76 Mexico Grow Lights Market by Technology, 2022 - 2028, USD Million
TABLE 77 Mexico Grow Lights Market by Application, 2018 - 2021, USD Million
TABLE 78 Mexico Grow Lights Market by Application, 2022 - 2028, USD Million
TABLE 79 Mexico Grow Lights Market by Installation Type, 2018 - 2021, USD Million
TABLE 80 Mexico Grow Lights Market by Installation Type, 2022 - 2028, USD Million
TABLE 81 Mexico Grow Lights Market by Offering, 2018 - 2021, USD Million
TABLE 82 Mexico Grow Lights Market by Offering, 2022 - 2028, USD Million
TABLE 83 Rest of North America Grow Lights Market, 2018 - 2021, USD Million
TABLE 84 Rest of North America Grow Lights Market, 2022 - 2028, USD Million
TABLE 85 Rest of North America Grow Lights Market by Spectrum, 2018 - 2021, USD Million
TABLE 86 Rest of North America Grow Lights Market by Spectrum, 2022 - 2028, USD Million
TABLE 87 Rest of North America Grow Lights Market by Technology, 2018 - 2021, USD Million
TABLE 88 Rest of North America Grow Lights Market by Technology, 2022 - 2028, USD Million
TABLE 89 Rest of North America Grow Lights Market by Application, 2018 - 2021, USD Million
TABLE 90 Rest of North America Grow Lights Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of North America Grow Lights Market by Installation Type, 2018 - 2021, USD Million
TABLE 92 Rest of North America Grow Lights Market by Installation Type, 2022 - 2028, USD Million
TABLE 93 Rest of North America Grow Lights Market by Offering, 2018 - 2021, USD Million
TABLE 94 Rest of North America Grow Lights Market by Offering, 2022 - 2028, USD Million
TABLE 95 Key Information – Signify N.V.
TABLE 96 key information – Heliospectra AB
TABLE 97 Key Information – Gavita International B.V.
TABLE 98 Key Information – California LightWorks
TABLE 99 Key Information – Valoya Oy
TABLE 100 Key Information – Hortilux Schréder
TABLE 101 Key Information – Biological Innovation and Optimization Systems, LLC
TABLE 102 Key Information – GE Current, a Daintree company
TABLE 103 Key Information – Kroptek Ltd.
TABLE 104 Key Information – SANlight GmbH
List of Figures
FIG 1 Methodology for the research