Global Horticultural Grow Light Market Report to 2031 - Players Include Signify Holding, Fluence Bioengineering, GE Lighting and Hubbell


Dublin, Nov. 15, 2022 (GLOBE NEWSWIRE) -- The "Global Horticultural Grow Light Market Analysis 2021-2031" report has been added to's offering.

The global horticultural grow light market is anticipated to grow with a CAGR of 18.4% during the forecast period, i.e., 2022 - 2031.

The market is estimated to garner a revenue of near to USD 39250 Million by the end of 2031, up from a revenue of about USD 7280 Million in the year 2021.

Factors such as the surge in government initiatives that are aimed to promote the adoption of controlled environment agriculture (CEA) practices, along with the growing need amongst the producers of food to adopt advanced farming methods, and the increasing demand for different types of food crops globally, and therefore the need amongst the food producers to adopt sustainable production processes are projected to drive the growth of the market.

The global horticultural grow light market is segmented into numerous segments which include segmentation by product, application, connection, technology, watt, cultivated plant, distribution channel, and by region. By cultivated plant, the market is segmented into fruits & vegetables, floriculture, cannabis, crops, and others. The fruits & vegetables segment, out of all the other segments, is projected to garner the largest revenue of more than USD 30340 Million by the end of 2031. Additionally, in the year 2021, the segment generated a revenue of over USD 5670 Million.

On the basis of regional analysis, the global horticultural grow light market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market in the Asia Pacific, out of the market in all the other regions, is projected to garner the largest revenue of around USD 18090 Million by the end of 2031. Additionally, in the year 2021, the market in the region generated a revenue of close to USD 3420 Million.

Some of the prominent industry leaders in the global horticultural grow light market that are included in our report are Signify Holding (Philips), Fluence Bioengineering, Inc., GE Lighting (SAVANT TECHNOLOGIES LLC), Hubbell Incorporated, California Lightworks, Gavita International B.V., Heliospectra AB, Valoya, LumiGrow, Inc., Hortilux Schreder, Lemnis Oreon BV, Black Dog Grow Technologies Inc., Agnetix, Thrive Agritech, Hyperion Grow Lights Limited, Hydrofarm Holdings Group, Inc., MechaTronix Co., Ltd., Felio Sylvania Group, SANANBIO, PL Light Systems, Tungsram Operations Ltd., ams-OSRAM International GmbH, Lumileds Holding B.V., Cree LED (SMART Global Holdings, Inc.), SAMSUNG, Bridgelux, Inc., Luminus, Inc. and others.

Key Topics Covered:

1. Market Definition

2. Assumptions and Acronyms

3. Research Methodology

4. Executive Summary - Global Horticultural Grow Light Market

5. Market Dynamics
5.1. Drivers
5.2. Trends

6. Key Market Opportunities

7. Major Roadblocks for the Market Growth

8. Regulatory & Standards Landscape

9. Industry Risk Analysis

10. Market Attractiveness Analysis

11. Technological Outlook

12. Horticulture Grow Light Market Ecosystem

13. Value Chain Analysis

14. Raw Material Analysis

15. Customer Preference Analysis

16. Industry Growth Outlook

17. Impact of COVID-19 on the Horticulture Grow Light Market

18. Cost Analysis

19. Competitive Positioning
19.1. Horticulture Grow Light Products (LED Fixture)
19.2. LED Chip

20. Competitive Structure
20.1. Market Share Analysis
20.2. Competitive Benchmarking
20.3. Company Profiles - Horticulture Grow Light Products (LED Fixture)
20.3.1. Signify Holding (Philips) Detailed Overview Assessment of Key Offering Predictive Strategies & Positioning vs Current Positioning Analysis of Growth Strategies Exhaustive Analysis on Key Financial Indicators Recent Developments
20.3.2. Fluence Bioengineering, Inc.
20.3.4. Hubbell Incorporated
20.3.5. California Lightworks
20.3.6. Gavita International B.V.
20.3.7. Heliospectra AB
20.3.8. Valoya
20.3.9. LumiGrow, Inc.
20.3.10. Hortilux Schreder
20.3.11. Lemnis Oreon BV
20.3.12. Black Dog Grow Technologies Inc.
20.3.13. Agnetix
20.3.14. Thrive Agritech
20.3.15. Hyperion Grow Lights Limited
20.3.16. Hydrofarm Holdings Group, Inc.
20.3.17. MechaTronix Co., Ltd.
20.3.18. Felio Sylvania Group
20.3.19. SANANBIO
20.3.20. PL Light Systems
20.3.21. Tungsram Operations Ltd.
20.3.22. ams-OSRAM International GmbH
20.3.23. Lumileds Holding B.V.
20.3.24. Cree LED (SMART Global Holdings, Inc.)
20.3.25. SAMSUNG
20.3.26. Bridgelux, Inc.
20.3.27. Luminus, Inc.

21. Global Horticulture Grow Light Market
21.1. Market Overview
21.2. Market Size (2021-2031)
21.3. Market Segmentation
21.3.1. By Product Offering Hardware, 2021-2031F (USD Million) Interlighting, 2021-2031F (USD Million) Toplighting, 2021-2031F (USD Million) Bulbs, 2021-2031F (USD Million) Fixtures, 2021-2031F (USD Million) Software & Services, 2021-2031F (USD Million)
21.3.2. By Application Greenhouses, 2021-2031F (USD Million) Vertical Farms, 2021-2031F (USD Million) Indoor Farms, 2021-2031F (USD Million)
21.3.3. By Connection Wired, 2021-2031F (USD Million) Wireless, 2021-2031F (USD Million)
21.3.4. By Technology LED, 2021-2031F (USD Million) Fluorescent, 2021-2031F (USD Million) HID, 2021-2031F (USD Million) Others, 2021-2031F (USD Million)
21.3.5. By Watt < 300 Watts, 2021-2031F (USD Million) >300 Watts, 2021-2031F (USD Million)
21.3.6. By Cultivated Plant Fruits & Vegetables, 2021-2031F (USD Million) Floriculture, 2021-2031F (USD Million) Cannabis, 2021-2031F (USD Million) Crops, 2021-2031F (USD Million) Others, 2021-2031F (USD Million)
21.3.7. By Distribution Channel Online, 2021-2031F (USD Million) Offline, 2021-2031F (USD Million)
21.3.8. By Region North America, 2021-2031F (USD Million) Europe, 2021-2031F (USD Million) Asia Pacific, 2021-2031F (USD Million) Rest of the World, 2021-2031F (USD Million)

22. North America Horticulture Grow Light Market

23. Europe Horticulture Grow Light Market

24. Asia Pacific Horticulture Grow Light Market

25. Rest of the World Horticulture Grow Light Market

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