The Global Grow Lights Market is expected to grow from US$6.858 billion in 2025 to US$9.926 billion in 2030, at a CAGR of 7.67%.
A grow light, also known as plant light, is an artificial light source that emits light in the electromagnetic spectrum to help plants boost photosynthesis and develop faster. Fluorescent, high-intensity discharge (HID), light-emitting diodes (LED), and incandescent versions are all common. They are typically used to provide crops with additional sunlight, color, and warmth, and can be tailored to achieve specific goals such as blooming inhibition, anthocyanin accumulation, and improved roots. As a result, they are widely used in vertical farming, indoor farming, commercial greenhouses, landscaping, and other applications.
One of the primary factors driving the market's growth is a significant increase in the agricultural sector. In addition, the increased adoption of vertical and indoor farming practises are boosting the market’s growth. Multiple grow lights are used in hydroponic farming systems to ensure that the plants receive enough sunshine while also shielding them from insects and vermin. Furthermore, increased food consumption as a result of the rising population, along with the restricted quantity of cultivable land, is positively boosting product demand. The growth of lighting helps to ensure the optimum output and quality of the plants and, therefore, to meet the ever-increasing global food demand. In addition, significant advances in technology, including the creation of intelligent growing lights coupled with the Internet of Things (IoT), are another growth driving force. Other factors, including several agricultural science discoveries and the implementation of favourable government regulations, are expected to propel the market in the next few years.
Due to their decreasing cost competitiveness, LED-based grow lights have outperformed all other lighting technologies in terms of energy efficiency, lifetime, adaptability, and colour quality, and they are now widely utilised in vertical farms, indoor farms, and greenhouses. Indoors, grow lights are used to grow a variety of plants. The spectrum of grow lights can be adjusted to meet the needs of the plants. Plant growth and development can be aided by the use of various types of grow lights. Horticultural growers prefer high-intensity discharge (HID) lamps for both outdoor and indoor applications. These lamps are inexpensive, readily available, and capable of supplying the necessary light intensity for plant growth. To obtain the overall light spectrum for plants, growers have blended HID lights such as high-pressure sodium (HPS) lamps with metal-halide (MH) lamps. As a result, farmers must install cooling systems to keep the temperature in the growing units consistent, which increases their energy costs. All of these issues have increased the demand for more energy-efficient and long-lasting horticultural lighting solutions.
LED grow lights are becoming more popular as people become more aware of the advantages they provide. Plants have been grown indoors using a variety of artificial lighting sources. Previously, HPS and electric ballasts were widely used as effective light sources in indoor farming. LEDs are popular nowadays because they eliminate the drawbacks of HPS, fluorescent (FL), metal-halide lights, and electric ballasts. However, the initial investment necessary for high-quality LED grow lights is greater than that required for traditional lighting technologies like FL and HID lamps. This is due to the fact that each LED grow light unit contains arrays of LEDs that have been specifically designed for this purpose. For commercial indoor cultivation, a high-quality, full-spectrum LED grow light can be installed as the primary light source. Depending on the power output and other specifications, it can cost around USD 2,000 or more. These grow lights are more expensive than 1,000-watt high-pressure sodium (HPS) lights, which cost slightly more and deliver enough light for photosynthesis. Growers are deterred from adopting energy-efficient grow light technologies such as LED, induction lighting, and plasma lighting because of the large price difference.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Grow Lights Market Size in 2025 | US$6.858 billion |
| Grow Lights Market Size in 2030 | US$9.926 billion |
| Growth Rate | CAGR of 7.67% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Grow Lights Market | |
| Customization Scope | Free report customization with purchase |
The grow lights market is analyzed into the following segments: