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Download Free sampleThe global Grow Light market was valued at US$ 4634.7 million in 2022 and is projected to reach US$ 9498.7 million by 2029, at a CAGR of 10.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
Grow Light Market aims to provide a comprehensive presentation of the global market for Grow Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grow Light. Grow Light Market contains market size and forecasts of Grow Light in global, including the following market information:
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
High Intensity Discharge(HID) Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Grow Light include AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric and Illumitex, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Grow Light manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Grow Light Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Grow Light Market Segment Percentages, by Type, 2022 (%)
High Intensity Discharge(HID)
LED
Fluorescent
Plasma
Global Grow Light Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Grow Light Market Segment Percentages, by Application, 2022 (%)
Indoor Farming
Vertical Farming
Commercial Greenhouse
Others
Global Grow Light Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Grow Light Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Grow Light revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Grow Light revenues share in global market, 2022 (%)
Key companies Grow Light sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Grow Light sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AeroFarms
Royal Philips
General Electric
Osram Licht
Gavita Holland
Lumigrow
Heliospectra
Iwasaki Electric
Illumitex
Hortilux Schreder
Sunlight Supply
Outline of Major Chapters:
Chapter 1: Introduces the definition of Grow Light, market overview.
Chapter 2: Global Grow Light market size in revenue and volume.
Chapter 3: Detailed analysis of Grow Light manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Grow Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Grow Light capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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