The North American grow light market was valued at USD 1528.45 million in 2024 and is anticipated to reach USD 1643.24 million in 2025 from USD 2932.86 million by 2033, growing at a CAGR of 7.51% during the forecast period from 2025 to 2033.
The North American grow light market is developing at an exceptionally quick pace. Grow light is usually an artificial source of light that is used to stimulate the growth of plants. This is generally done where there is no light or a very small amount of light present.
In winters when there is generally less amount of sunlight, grow lights are used. Grow Light generally duplicates the emission spectrum similar to that of the 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 an industrial level, they can also be used for household purposes.
The driving factors for plants and grow lights showcase are the increasing interest in 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 area without hurting nature. The opportunities in this market are immense but fluctuating and can range from innovative technologies in grow lights, consolidated utilization of normal lighting with simulated lighting, building an oriented power-based plant manufacturing plant to building numerous level plant production lines, which would additionally diminish space necessity. Governments are also encouraging to establishment of industrial facilities and grow lights to enhance the generation.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2033 |
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Base Year |
2024 |
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Forecast Period |
2025 to 2033 |
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CAGR |
7.51% |
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Segments Covered |
By Technology, Type of Application, Applications, and Country |
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Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Country's Covered |
The United States, Canada, and the Rest of North America |
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Market Leaders Profiled |
Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax, Heliospectra, and uUmiFlow. |
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.
The North American market has been geographically segmented into the US, Canada, and Mexico. North America has the second highest number. Share in the flavored water market. The USA has the highest demand, followed by Canada and Mexico. The North American region is largely driven by environmental concerns.
Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax, Heliospectra, and uUmiFlow are the leaders in the North America Grow Light market.
MARKET SEGMENTATION
This research report on the growing light market in North America is segmented and sub-segmented based on technology, type of installation, applications, and country.
By Technology
By Type of Installation
By Applications
By Country
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