Horticulture Lighting Companies

Horticulture lighting Market Opening Overview

Why the Horticulture Lighting Market Is Expanding

The Horticulture Lighting Market is compounding through a rare alignment of regulatory compulsion and semiconductor economics. Per MRFR analysis, the market reached an estimated USD 10.46 Billion in 2025 and is projected to hit USD 30.52 Billion by 2035, a CAGR of 11.2% across the 2026–2035 forecast window. LED technology already commands roughly an 81% share in 2025, and hardware still represents about 67% of spend, though software and analytics services are compounding at a 13.4% CAGR as growers shift from one-time fixture purchases toward managed lighting subscriptions. By cultivation category, Tomatoes and Peppers lead at 22% share on the strength of year-round European and North American greenhouse production, while Berries (16.1% CAGR) and Vertical Farms (16.3% CAGR by application) represent the fastest-value-growth pockets of the forecast.

The majority of the pulling is being driven by two regulatory forces. North American cannabis legalization has evolved from greenfield licensing to a retrofit cycle, with over 120 million square feet of permitted canopy being upgraded for yield-per-watt economics rather than expanded outright. Meanwhile, the European Climate Law's amended 90% net-emissions target for 2040 is transitioning the greenhouse operators of the Netherlands and Spain, who collectively produce over 40% of Europe's horticultural output, from voluntary efficiency programs to mandatory LED retrofits. Samsung and LG Innotek's mid-power LED chip capacity expansion (~35% between 2023 and 2025) has cut fixture price-per-watt by approximately 18%, compressing retrofit payback periods below the 2.5-year threshold that unlocks institutional CapEx approval. This expansion is layered on top. Europe is the region with the highest regional share, accounting for 31% in 2025. The Asia-Pacific region is the fastest-growing, with a compound annual growth rate (CAGR) of 14.4%, largely due to food-security subsidies in China and Japan.

What Structurally Separates Leaders From the Field

Category leadership in horticulture lighting no longer tracks fixture wattage or spectral claims alone — it tracks who controls the LED die, who owns the brand portfolio built on top of it, and who can bundle spectral-analytics software into a recurring-revenue contract. Signify's 2022 acquisition of Fluence from ams OSRAM consolidated two of the market's most recognized horticulture brands under one balance sheet, while Samsung and ams OSRAM's upstream position as LED chip suppliers gives them leverage over the cost curve independent of any single fixture brand's fortunes. Conversely, 2024–2026 brought two structural exits: Current Lighting Solutions divested its Arize horticulture brand to Acuity Brands, and ScottsMiracle-Gro divested Hawthorne Gardening Company — parent of Gavita — to cannabis operator Vireo Growth, removing two of the market's most familiar corporate parents and underscoring how quickly the ownership map is being redrawn around cannabis-sector consolidation and LED-component vertical integration.

Top 10 Global Horticulture Lighting Companies — MRFR Rankings (2026)

All revenue figures are validated from official company annual reports, investor-relations disclosures, or SEC/regulatory filings. Where official figures are unavailable for private companies, this is explicitly noted. Estimated revenue-share ranges reflect MRFR's Competitive Benchmarking analysis of the Horticulture Lighting Market specifically, not total corporate revenue.

*Private-company revenues marked "Undisclosed" where no official published financials are available. Rankings 2, 5, and 10 carry material ownership or operating-status corrections relative to MRFR's original company listing; see profiles below.

Detailed Company Profiles

1. Signify N.V. | Euronext: LIGHT | Eindhoven, Netherlands

Signify's decision to incorporate Fluence's cannabis-and-food-crop brand equity into its own GreenPower hardware line, rather than operating it as a bolt-on subsidiary, is a wager that horticulture customers prefer relationships with ethereal scientists over fixtures. The group's sales in FY2025 totaled EUR 5.77 billion, with 27,000 employees and over 70 markets (Signify FY2025 Results). The EUR 85 million capacity expansion in Piła, Poland, which is scheduled to be completed in Q3 2026, indicates that Signify is preparing for the EU's Fit-for-55 retrofit wave years in advance of the mandate deadline. In the eyes of MRFR, the dual-brand, dual-channel structure of Signify + Fluence is the most challenging position for single-brand competitors to replicate at scale.

2. Fluence (a Signify brand) | Private subsidiary | Austin, TX, USA

MRFR's own source data lists Fluence as "by OSRAM," but this ownership lapsed in May 2022, when Signify completed a USD 272 Million acquisition of the business from ams OSRAM — a correction with real strategic weight, since it means two of the market's most cited brands (Signify and Fluence) now share one balance sheet rather than compete as rivals. Fluence's November 2024 refresh of its SPYDR, VYPR, RAZR, and RAZRx lines, with SPYDR named 2024 Cultivation Technology of the Year, keeps its cannabis and leafy-green specialization intact even under new ownership. MRFR expects Fluence's brand independence within Signify's portfolio to erode gradually as cross-selling with GrowWise deepens.

3. Hawthorne Gardening Company (Gavita) | Private, owned by Vireo Growth | Vancouver, WA, USA

ScottsMiracle-Gro resolved the awkward fit between Gavita and a consumer lawn-and-garden conglomerate by divesting Hawthorne Gardening Company (Gavita's parent) to cannabis operator Vireo Growth, Inc. in an all-stock transaction on April 8, 2026 (SMG 8-K, April 2026). Gavita spent nearly a decade as the horticultural-lighting segment of the conglomerate. Hawthorne's segment net sales were USD 294.7 million in its final disclosed year under ScottsMiracle-Gro (FY2024), a 37% year-over-year decrease due to distributed-brand exits. For the first time, Gavita's Pro 1700e lighting is being incorporated into a vertically integrated cannabis company, rather than a diversified consumer products parent. MRFR perceives this as a structural realignment that is likely to accentuate Gavita's cannabis-cultivation focus at the expense of its previous cross-category distribution reach.

4. Samsung Electronics | KRX: 005930 | Suwon, South Korea

Samsung's relevance to horticulture lighting runs upstream of any single fixture brand: it is a component supplier whose LM301H mid-power LED chips get designed into competitors' and its own direct-to-grower projects alike, giving it leverage over the category's cost curve that no fixture-only competitor holds. FY2025 consolidated revenue reached KRW 333.6 Trillion with record full-year R&D investment of KRW 37.7 Trillion (Samsung Q4/FY2025 Results). The October 2025 USD 15 Million direct investment with Bowery Farming — installing LM301H LEDs across 12 hectares of Georgia and Texas vertical farms — shows Samsung testing a hybrid model that blends component supply with direct project equity. MRFR expects Samsung's chip-pricing power to keep compressing hardware margins industry-wide.

5. Current Lighting Solutions ("Current, by GE") | Private, owned by American Industrial Partners | Greenville, SC, USA

MRFR's key-players list still names "Current (by GE)" as an active horticulture competitor, but Current sold its entire Arize horticulture-lighting brand to Acuity Brands in November 2023 (closing January 2024) and has not re-entered the category since. AIP-disclosed total commercial-lighting revenue for Current has declined from USD 940 Million at the 2019 carve-out from GE to roughly USD 920 Million–1.04 Billion across 2023–2025 disclosures, reflecting broader North American commercial and industrial lighting softness rather than horticulture-specific performance. MRFR flags Current as a corrected exit from this market: its remaining relevance to growers is zero, and the Arize product line now competes under Acuity Brands' Verjure horticulture portfolio instead.

6. Heliospectra AB | Nasdaq First North: HELIO | Gothenburg, Sweden

Heliospectra competes on software-defined light management rather than fixture scale, and its April 2024 API partnership with greenhouse-automation leader Priva B.V. extends that bet into closed-loop climate-and-light optimization — a differentiator larger hardware-first rivals have been slower to open their platforms to. FY2024 net sales were SEK 32.4 Million (~USD 3.0 Million), down modestly from SEK 35.3 Million in 2023 (Heliospectra Year-End Report 2024). Heliospectra's 2025 integration of OSRAM's new PURSA LED platform alongside a Cree partnership signals a strategy of sourcing best-in-class components rather than vertically integrating chip production. MRFR views Heliospectra's small scale as a persistent constraint on its ability to compete for large multi-hectare greenhouse retrofit contracts against Signify or Fluence.

7. California LightWorks | Private | Canoga Park, CA, USA

California LightWorks has stayed privately funded for two decades in a category where most well-capitalized rivals were acquired by public strategics — a deliberate independence that let it close a USD 22 Million Series C in September 2025 specifically to build a 28,000-square-foot SolarSystem fixture manufacturing facility in Sacramento, rather than fund an acquisition. As a private company, no audited revenue figures are published. The company's MegaDrive and SolarSystem product lines remain concentrated on North American cannabis cultivators. MRFR notes that California LightWorks' Sacramento capacity build positions it to compete more directly with Gavita and Fluence on U.S. manufacturing lead times as tariff exposure on imported fixtures rises.

8. Hortilux Schréder | Private, owned by Dool Industries | Monster, Netherlands

Despite the shared surname, Hortilux Schréder has no corporate relationship to Belgium's Schréder Group; it operates under Dutch holding company Dool Industries alongside sister companies Agrilight and AP Nederland, and MRFR's listing should not be read as implying common ownership with the larger international lighting group. As a private company, Hortilux Schréder does not publish financial statements. Its position rests on four decades of Dutch greenhouse-sector relationships and a hybrid LED/HPS product range that lets Westland-region growers phase retrofits incrementally rather than replace HPS installations outright. MRFR views this incremental-retrofit positioning as well-suited to the EU's phased Fit-for-55 compliance timelines, even without disclosed scale.

9. LumiGrow, Inc. | Private | Emeryville, CA, USA

LumiGrow introduced North America's first smart, wirelessly dimmable LED grow lights in 2008, and its smartPAR control software remains the company's core differentiator against commodity fixture vendors — customers buy the sensor-and-control layer as much as the light itself. The company remains privately held with no published revenue; third-party estimates place it in the low single-digit-million-dollar annual revenue range. LumiGrow's TopLight and BarLight fixtures maintain what the company describes as the largest smart-LED install base in North American commercial and research greenhouses. MRFR views LumiGrow's data-and-control specialization as a defensible niche against larger hardware-first rivals, though its limited disclosed scale constrains its ability to bid on the largest multi-hectare greenhouse retrofit contracts.

10. Illumitex (cited by MRFR as "now Vypr") | Defunct | Austin, TX, USA

MRFR's competitive-benchmarking table lists "Illumitex (now Vypr)" as an active top-10 competitor, but this requires correction: Illumitex ceased LED lighting operations in February 2020 to pivot fully to a computer-vision venture called FarmVisionAI, then filed an assignment for the benefit of creditors in December 2020, effectively ending the company. "VYPR" is a Fluence (now Signify-owned) product line with no corporate connection to Illumitex — the naming overlap appears to be MRFR data-source confusion rather than a genuine successor entity. No current revenue exists to validate. MRFR flags Illumitex's inclusion as a data-quality correction: any residual patent or brand assets from its LED business are dormant, and it exerts no active competitive pressure on today's market.

M&A Activity Tracker

Key verified transactions shaping the Horticulture Lighting Market ownership landscape (2018–2026):

Key Trend: M&A in the Horticulture Lighting Market since 2022 has run in two directions simultaneously — LED conglomerates (Signify/ams OSRAM) consolidating horticulture brands to pair hardware scale with software platforms, while diversified industrial and consumer-products parents (Current/GE, ScottsMiracle-Gro) have divested horticulture units to cannabis-sector specialists or category-focused lighting strategics, signaling that horticulture lighting increasingly requires either component-level scale or single-market focus to compete.

R&D Investment & Innovation Signals

Leading companies are investing in next-generation LED components, spectral-control software, and subscription-based service models:

• Signify committed EUR 85 Million (USD 92 Million) to a 40% capacity expansion of GreenPower LED module production at its Piła, Poland plant, with commissioning scheduled for Q3 2026 — a direct provisioning move ahead of the EU's Fit-for-55 retrofit mandate deadline (per MRFR report page, Nov 2025).
• Fluence (Signify) refreshed its SPYDR, VYPR, RAZR, and RAZRx LED families in November 2024, with the SPYDR series named Cultivation Technology of the Year 2024; a June 2025 webinar series highlighted new intercanopy and vertical-farm lighting with wireless dimming controllers (per MRFR report page).
• Samsung Electronics and LG Innotek expanded mid-power horticultural LED chip capacity by an estimated 35% between 2023 and 2025, driving an approximately 18% price-per-watt decline across horticultural-grade modules and shortening grower payback periods (per MRFR report page); Samsung separately invested USD 15 Million with Bowery Farming (Oct 2025) to deploy LM301H LEDs across 12 hectares of Georgia and Texas vertical farms.
• Heliospectra partnered with Priva B.V. (April 2024) to integrate spectral-control APIs into Priva's greenhouse climate-management platform, enabling closed-loop lighting optimization, and is integrating OSRAM's newest PURSA LED platform alongside a Cree partnership to raise fixture efficacy (Heliospectra Year-End Report 2025).
• California LightWorks closed a USD 22 Million Series C in September 2025 to fund a 28,000-square-foot SolarSystem fixture manufacturing facility in Sacramento, expanding U.S.-based production capacity for its cannabis-focused MegaDrive and SolarSystem lines (per MRFR report page).
• Signify's GrowWise subscription platform has demonstrated that lighting-as-a-service bundling of fixtures, spectral analytics, and optimization services can lift lifetime customer value by an estimated 40–50% versus one-time fixture sales, a model MRFR expects rival brands to replicate as LED hardware margins compress toward commodity levels (per MRFR report page).
• Following its April 2026 divestiture to Vireo Growth, Hawthorne Gardening Company's Gavita brand is expected to redirect R&D toward cannabis-specific spectral recipes rather than the broader cross-category hydroponic portfolio it maintained under ScottsMiracle-Gro, reflecting its new parent's vertically integrated cannabis focus (per SMG 8-K, April 2026).