North America Grow Light Market By Basis Of Technology Used (HID Lights, Fluorescent Lights, LEDs, LEPs, Induction Lights), Type Of Installation (new Installation, Retrofit Installation), Applications (indoor Farming, Vertical Farming, Commercial Greenhouses, Rooftop Farming, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029.

Updated On: January, 2024
ID: 3309
Pages: 136

North America Grow Light Market Size, Growth, Trends and Forecast:

The North America Grow Light Market is worth USD 1230 Million in 2021 and estimated to grow at a CAGR of 7.51%, to reach USD 1770 billion by 2026. The North America Grow Light market is developing at an exceptionally quick pace. Grow light is usually an artificial source of light which is used for stimulating the growth of plant. This is generally done where there is no light or very less amount of light present.

In winters when there is generally less amount of sunlight, grow lights are used.  Grow Light generally duplicate the emission spectrum similar to that of sun / according to the needs of the plant. They are used for various purposes like food production, horticulture, indoor gardening and plant propagation. Although grow lights are mostly used on industrial level, they can used for household purposes also.

North America Grow Light Market Drivers:

The driving factors for plants and grow lights showcase are the increasing interest for the capacity to develop locally and reliably, scarcity of space for cultivating particularly in urban communities, and the need to build the yield per unit range without hurting nature. The opportunities in this market are immense but fluctuating and can run from innovative technologies in grow lights, consolidated utilization of normal lighting with simulated lighting, building up a sun oriented power based plant manufacturing plant to building numerous level plant production lines which would additionally diminish space necessity. Governments are also reassuring plant industrial facilities and grow lights for enhancing the generation.

North America Grow Light Market Segmentation:

North America Grow Light Market – By Technology:

  • HID lights

  • fluorescent lights
  • LEDs
  • LEPs, induction lights

Traditional lighting technologies like HID and fluorescent lighting (FL) are quite popular. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies. Although LED grow lights are costly, their long-term advantages in terms of energy efficiency make them an ideal option.

North America Grow Light Market – By Type of Installation:

  • new installation
  • retrofit installation

North America Grow Light Market – By Applications:

  • indoor farming
  • vertical farming
  • commercial greenhouses
  • rooftop farming
  • others

Geographical Analysis:

The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the second highest no. share in the flavoured water market.USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by environmental concerns.

Key Players:

Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax,Heliospectra,LumiFlow are the leaders in the North America Grow Light market.


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