Grow Lights Market - Top Companies and Manufacturers

In the year 2024, the industry size of led grow lights is estimated at USD 2.84 Billion.

The grow lights market size was over USD 2.39 Billion in 2023 and is poised to cross USD 28.71 Billion by the end of 2036, growing at more than 21.6% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are the increasing demand for energy-efficient lighting solutions, the rising demand for horticultural lighting, and the growing awareness about the ecological benefits of using LED grow lights.

European industry is predicted to be the largest with a share of 28% by 2036, led by increasing awareness of alternative farming owing to the non-availability of enough fertile agricultural land in the region.

Gavita International B.V., Smart Global Holdings, Inc., EVERLIGHT ELECTRONICS CO., LTD, Savant Systems, Inc, Bridgelux, Inc., OSRAM GmbH, Heliospectra AB, Black Dog LED, WOLFSPEED, INC., Samsung Electronics