Grow Light Market Expected to Reach USD 5.80 Bn by the end of 2022 with 13% CAGR Value, MRFR Study

Grow Light Market Research Report- Global Forecast 2022- Research Report By MRFR with Market Analysis, Scope, Stake, Progress, Trends for Forecast

Global Grow Light Market, By Technology (LED, High Intensity Discharge, Fluorescent Lighting), By Installation (New Installation, Retrofit), By Application (Indoor Framing, Commercial Greenhouse, Vertical Framing) – Forecast 2022


Market Scenario:


Grow light is an electric light rather an artificial source of light which is designed to stimulate plant growth by emitting an electromagnetic spectrum for photosynthesis. Grow light is widely used in applications where natural light is not available or where supplemental light required. It is basically a type of electronic lamp designed to accelerate plant growth by electronic magnetic spectrum.


The key drivers contributing to the growth of the grow light market are growth in the indoor farming, government initiatives to adopt technologies such as LED, growing demand for energy efficiency, long lasting grow technology and environmentally safe products. Also, the demand for these products is increasing in countries such as Netherlands where supplemental lighting is required throughout the year.


However, low awareness among consumers, high cost of capital are the factors hindering the growth of the overall growth of the market. Whereas, high reliability, low power consumption, high commercial greenhouse practices are also propelling the growth of the grow light market.


Geographically, Europe accounted for the largest market share in the global grow light market, whereas Asia-Pacific is expected to grow significantly over the forecast period.


Get Sample of Report @


The global grow light market is expected to reach USD 5.80 billion by the end of 2022 with ~13% CAGR during forecast period 2017-2022




For the purpose of this study, Market Research Future has segmented the market of grow light into technology, installation, application and region. 


By Technology-

  • LED
  • High Intensity Discharge
  • Fluorescent Lighting
  • Others

By Installation-

  • New Installation
  • Retrofit

By Application

  • Indoor Framing
  • Commercial Greenhouse
  • Vertical Framing
  • Landscaping
  • Others 

By Region-

  • North-America
  • Europe
  • Asia-Pacific
  • RoW


Regional Analysis: 


Regionally, Europe accounted for the largest market share, because Netherlands is a leading exporter of horticultural produce which increases the usage of commercial greenhouse. Also, the concept of vertical farming is gaining popularity in this region.


Asia-Pacific region is expected to grow significantly over the forecast period, majorly due to increasing awareness about the benefits of this technology.


Enquiry before Buying @


Key Players 


The key players in the global grow light market include Osram LichtAG (Germany), General Electric Company (U.S.), Iwasaki Electric Co., Ltd. (Japan), LumiGrow, Inc. (U.S.), Gavita Holland B.V. (Netherlands),  Hortilux Schreder B.V. (Netherlands), Sunlight Supply, Inc. (U.S.),  Heliospectra AB (Sweden), Royal Philips (Netherlands), Platinum LED Lights LLC (U.S.) and others.


Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India