LED plant growth lamp is an artificial light source that uses LED (Light Emitting Diode) as the illuminant to meet the lighting conditions required for plant photosynthesis. In the absence of daylight, this light fixture can act as daylight, allowing plants to grow normally or better.
Market Analysis and Insights: Global LED Grow Light Market
Due to the COVID-19 pandemic, the global LED Grow Light market size is estimated to be worth US$ 1222.2 million in 2022 and is forecast to a readjusted size of US$ 3294.4 million by 2028 with a CAGR of 18.0% during the review period. Fully considering the economic change by this health crisis, Partial Spectrum Light accounting for % of the LED Grow Light global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Commercial Greenhouse segment is altered to an % CAGR throughout this forecast period.
According to types, the most proportion of the LED Grow Lights is Partial Spectrum Light, taking about 75% share of global market in 2020. The most proportion of LED Grow Lights is used for Commercial Greenhouse and the proportion is about 65% in 2020.
In terms of production side, this report researches the LED Grow Light capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of LED Grow Light by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global LED Grow Light Scope and Segment
LED Grow Light market is segmented by Type and by Application. Players, stakeholders, and other participants in the global LED Grow Light market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Partial Spectrum Light
Full Spectrum Light
Segment by Application
Commercial Greenhouse
Indoor Growing Facilities
Research and Application
By Company
Signify
General Electric
Osram
Everlight Electronics
Gavita
Hubbell Lighting
Kessil
Cree
Illumitex
Lumigrow
Senmatic A/S
Valoya
Heliospectra AB
Cidly
Ohmax Optoelectronic
AIS LED Light
Vipple
Growray
California Lightworks
VANQ Technology
Yaham Lighting
PARUS
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE