LED Grow Light Market is predicted to reach USD 27.30 Billion at a CAGR of 23.11% during the forecast period

Market Research Future Published a Cooked Research Report on "Global LED Grow Light Market "

MRFR recognizes the following companies as the key players in the global LED Grow Light market— EVERLIGHT Electronics Co. Ltd., Samsung Electronics Co. Ltd., Lumigrow Inc., Black Dog Grow Technologies Inc., Savant Systems Inc., CreeLED Inc., Bridgelux Inc., Heliospectra AB, OSRAM GmbH, Signify Holding.

Market Highlights

The global LED Grow Light market is accounted to register a CAGR of 23.11% during the forecast period and is estimated to reach USD 27.30 Billion by 2030.

The LED grow light market refers to the industry that produces and sells artificial lighting systems specifically designed for indoor gardening and plant cultivation. These lights use light-emitting diodes (LEDs) to provide the necessary wavelengths and intensity of light required for optimal plant growth, making them a popular choice among indoor farmers and horticulturists.

Segment Analysis

The global LED Grow Light market has been segmented based on wattage, spectrum, installation type and application.

Based on wattage, the market is segmented into low power (<100 W), medium power (100–300 W), and high power (>300 W). In terms of revenue, the low power category dominated the market in 2020, and it is anticipated that this trend would continue throughout the forecast period.

Based on  spectrum, the global LED Grow Light market has been segmented into narrow and broad. In terms of revenue, the small segment dominated the market in 2020, and it is predicted that during the projected period, it would continue to gain considerable market share.

Based on  installation type, the global LED Grow Light market has been segmented into new installation, and retrofit. The retrofit and new installation parts are further divided into remote and touch. The new installation segment has the biggest market share in 2020 and is anticipated to increase rapidly between 2021 and 2030.

Based on application, the global LED Grow Light market has been segmented into indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research, and others. The commercial greenhouse category had the biggest market share in 2020, and from 2021 to 2030, the others segment is anticipated to develop at a fast CAGR.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of LED Grow Light Market Research Report

Regional Analysis

The global LED Grow Light market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe LED Grow Light market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The LED Grow Light market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World LED Grow Light market comprises of Middle East, Africa, and Latin America.

The Europe LED Grow Light Market dominated this market in 2022. more than 32% of the market, and is anticipated to continue to rule during the forecasting period. Growing population and a lack of fertile agricultural land are the two main causes expected to drive industry demand. Growing awareness of the value of alternative farming is another aspect.

Due to the increased adoption of genetically modified crop technologies, the Asia Pacific regional market is likely to have considerable growth during the forecast decade. Furthermore, to cut energy usage, a number of nations in this region are switching to LED lights.

Key Findings of the Study

• The global LED Grow Light market is expected to reach USD 27.30 Billion by 2030, at a CAGR of 23.11% during the forecast period.


• The Europe LED Grow Light Market dominated this market in 2022. more than 32% of the market, and is anticipated to continue to rule during the forecasting period.


• Based on wattage, the low power segment dominated the market, in terms of revenue in 2020.


• EVERLIGHT Electronics Co. Ltd., Samsung Electronics Co. Ltd., Lumigrow Inc., Black Dog Grow Technologies Inc., Savant Systems Inc., CreeLED Inc., Bridgelux Inc., Heliospectra AB, OSRAM GmbH, Signify Holding.