Grow Light Market Size, Share, Trends, Growth and Forecast 2032

global Grow Light Market was valued at USD 2.18 Billion in 2023 and is projected to hit USD 24.33 Billion by 2032

with a compound annual growth rate (CAGR) of 27.3% during the forecast period 2024-2032.

The largest share of the Grow Light Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

General Electric Company, LumiGrow, Inc., Heliospectra Ab., Hortilux SchrEder B.V., Gavita Holland B.V., Osram Licht AG, Royal Philips Electronics, Iwasaki Electric Co., Ltd., and Sunlight Supply Inc