The Business Research Company’s LED Grow Light Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The LED Grow Light Global Market Report 2023 evaluates LED grow light market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global LED grow light market size is expected to grow from $2.47 billion in 2022 to $3.10 billion in 2023 at a compound annual growth rate (CAGR) of 25.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global LED grow light market size is expected to reach $7.77 billion in 2027 at a CAGR of 25.8%.
The LED grow light market segments in the report are:
LED Grow Light Market By Spectrum :
Narrow
Broad
LED Grow Light Market By Wattage :
Low Power (<100 W)
Medium Power (100–300 W)
High Power (>300 W)
LED Grow Light Market By Installation Type :
New Installation
Retrofit
LED Grow Light Market By Application :
Indoor Farming
Commercial Greenhouse
Vertical Farming
Turf And Landscaping
Research
Other Applications
Top Major Players
Illumitex Inc.
OSRAM Licht AG
LumiGrow Inc
Heliospectra AB
Bridgelux Inc.
Asia-Pacific was the largest region in the LED grow light market in 2022.
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The table of contents in TBRC’s LED grow light market report includes:
1. Executive Summary
2. LED Grow Light Market Characteristics
3. LED Grow Light Market Trends And Strategies
4. LED Grow Light Market – Macro Economic Scenario
5. LED Grow Light Market Size And Growth
…………….
26. Africa LED Grow Light Market
27. LED Grow Light Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The LED Grow Light Market
29. LED Grow Light Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global LED Grow Light Market, Segmentation By Spectrum, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global LED Grow Light Market, Segmentation By Wattage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global LED Grow Light Market, Segmentation By Installation Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……………..
Table 47: Illumitex Inc. Financial Performance
Table 48: OSRAM Licht AG Financial Performance
Table 49: LumiGrow Inc. Financial Performance
Table 50: Heliospectra AB Financial Performance
Table 51: Bridgelux Inc. Financial Performance
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