Companies Dominating the Grow Lights Landscape
- Gavita International B.V.
- Company Overview
- Business Strategy
- Key Technology Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Smart Global Holdings, Inc.
- EVERLIGHT ELECTRONICS CO., LTD
- Savant Systems, Inc.
- Bridgelux, Inc.
- OSRAM GmbH
- Heliospectra AB
- Black Dog LED
- WOLFSPEED, INC.
- Samsung Electronics
The grow lights market is highly competitive, with key players like Philips Lighting, General Electric, and Osram dominating the landscape. These companies offer a variety of solutions, including LED, fluorescent, and high-intensity discharge lights, catering to both commercial and residential sectors. Emerging players are focusing on energy-efficient technologies and smart lighting systems, capitalizing on the increasing demand for sustainable agricultural practices. Market growth is driven by innovations in light spectrum technologies, reduced energy consumption, and advancements in automation. Here are some key players operating in the global market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Currently in 2025, the industry revenue of grow lights is evaluated at USD 3.3 billion.
The global grow lights market is poised to increase from USD 2.8 billion in 2024 to USD 36.4 billion by 2037, registering a CAGR of more than 21.6% during the forecast period, from 2025 through 2037.
The Asia Pacific grow lights market is expected to hold a share of 28% during the stipulated timeframe, owing to the rising emphasis on sustainable agriculture and food security, which is driving investments in controlled environment agriculture.
The major players in the market include 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.
