The LED grow lights market will be having an optimistic view with an estimation of the industry value that will be seen in 2025 at USD 3.51 billion, which is then forecasted to be USD 27.34 billion by the year 2035, thus 22.8% CAGR growth rate from 2025 to 2035. The underlying factors of this fast progress are the growing scope of the controlled environment agriculture (CEA), the rate of development in LED technology, and the demand for sustainable farming practices.
Indoor and vertical farming is one of the primary drivers of the industry expansion. When food demand rises globally and farmable land shrinks, growers focus on hydroponics, aeroponics, and greenhouses that They offer suitable lighting conditions.
Hence, the development of cannabis plants in various territories has brought a significant effect on the consumption of LED grow lights, due to the fact that they provide the maximum energy savings and the option of changing the spectrum for specific growth stages.
Opportunities for industry growth tend to be very high while installing new business that is smart lighting solutions and IoT-based grow systems. An AI-LED powered lighting platform that lets growers adjust the amount of light automatically according to the wavelength allows plant growth to be optimized beside minimizing energy waste.
Additionally, the governments are increasing their pressure towards eco-friendly agricultural practices, providing incentives and subsidies for the installation of energy-efficient LED lighting solutions.
The prominent characteristics of the Industry include the development of full-spectrum LED lighting, which imitates the natural sun for planting roots and the layout of vertical farming that comminutes the crops grown in the town area. Furthermore, the increment in UV and far-red LED technology is stimulating plant metabolism, and enhancing crop yields. In the future, as far as LED grow lights of high efficiency, low heat, and long life are concerned the agriculture sector will be the base of them.
Market Metrics
| Metrics | Valus |
|---|---|
| Industry Size (2025E) | USD 3.51 billion |
| Industry Value (2035F) | USD 27.34 billion |
| CAGR (2025 to 2035) | 22.8% |
The industry is growing at a fast pace because of major factors such as expanding use of controlled environment agriculture. Vertical farms and commercial greenhouses are significant adopters, utilizing energy-efficient lighting to maximize crop yields. Indoor farming also enjoys high demand, especially for urban agriculture and home gardening applications. Research institutions need advanced spectrum customization for plant research.
Energy efficiency and sustainability are still high concerns, with LEDs performing better than conventional lighting in both areas. Smart controls and automation further boost precision agriculture, with increased resource efficiency. Spectrum tuning innovations address various stages of plant growth, even more, making them more flexible across their applications.
As food insecurity issues grow and urban agriculture intensifies, the demand for Them is set to rise further. Industry leaders concentrate on enhancing light efficiency, lowering prices, and incorporating AI-based monitoring systems to optimize agricultural productivity.
The industry registered significant growth during 2020 to 2024 with a robust base owing to growing indoor agriculture, vertical farming, and cannabis culture. Increased awareness of energy-efficient lighting, government subsidies for sustainable agriculture, and new developments in full-spectrum LEDs led to adoption.
Signify (formerly Philips), Gavita and Fluence by Osram all introduced their versions of smart grow lighting systems with auto-tuning spectrums for optimal plant growth over various growth cycles. The ongoing legality of recreational and medical use of marijuana in many areas also kept demand flowing. Heat generation's lack of standard guidelines and initial capital investment were the restraints.
Between 2025 and 2035, and Adaptive lighting using AI, Native quantum dot, Solar-Powered Products will revolutionize the industry. These also boost yield and energy use efficiency as real-time optimization of light in response to plant needs emerges (the so-called AI spectral tuning).
One will be using quantum dot LEDs to optimize photosynthetic performance, growing plants for extended periods. There will be solar-powered and hybrid LED-growing systems that will eliminate the cost of energy and make indoor farming really environmentally friendly.
Blockchain provides traceability in controlled-environment agriculture to ensure quality and compliance. Vertical farms will be unaffected by the weather, where climate and lighting are controlled by artificial intelligence - and this will become ubiquitous and less reliant on traditional farming. By 2035, artificial intelligence will be used to optimize LED grow lights that will be energy-independent and fully integrated into autonomous urban agriculture systems.
Comparative Market Shift Analysis from 2020 to 2024 vs. 2025 to 2035
| 2020 to 2024 | 2025 to 2035 |
|---|---|
| Greenhouse growth, legalization of marijuana, and energy efficiency awareness. | Lighting optimization with AI, solar-powered LEDs, and quantum dot technology. |
| Full-spectrum LEDs, spectral auto-tuning, and high-efficiency diodes. | AI-based adaptive lighting, quantum dot-enhanced LEDs, and blockchain transparency. |
| Heat management issues, high initial investment, and irregular regulations. | Cost-effective AI implementation, universal solar integration, and automation standardization. |
| Transition from traditional lighting to smart, energy-efficient grow lights. | AI-optimized, self-sustaining LED lighting for industrial-scale automated agriculture. |
| Cannabis cultivation, vertical farming, and greenhouse cultivation-based crop production. | Fully mechanized vertical farms, AI-managed climate control, and blockchain -verified products. |
The global industry is witnessing robust growth as a result of the certain factors such as increasing demand for indoor agriculture, controlled-environment agriculture, and cannabis production. The industry, though, is threatened by a number of risks that may affect its growth and long-term stability and necessitate strategic mitigation measures from industry players.
Among the main risks is the high capital outlay for initial investment. Although Thes products provide energy efficiency in the long term, they are still very expensive in the initial cost compared to other traditional lighting solutions like high-pressure sodium (HPS) and fluorescent lights.
Compliance and regulatory issues also threaten growth in the industry. Governments globally are enforcing stricter energy efficiency and agricultural regulations. Adherence to changing safety and environmental regulations, including bans on dangerous materials and electronic waste handling, contributes to production costs for suppliers and manufacturers.
Industry splintering and intense competition add to the complexity of the situation. The industry comprises numerous players offering different product offerings, giving rise to price pressures and rendering it difficult to maintain differentiation. Small-scale producers may find it challenging to compete with entrenched brands that enjoy strong research and development capabilities.
Despite threats, the global Industry is very potential to grow in terms of the demand for green agriculture practices. The companies have to innovate, reduce costs, and establish resilience in supply chains in order to remain in the new industry dynamics.
The industry in 2025 is divided based on wattage and the <300 Watt segment has the highest industry share of 56.4%, whereas the >300 Watt segment has a market share of 43.6%.The <300-Watt LED grow lights are the industry leader because they are used
industry leaders because they are used extensively in small-scale indoor agriculture, home gardening, and vertical farming systems. They are energy-efficient, economical, and ideal for cultivating leafy greens, herbs, and microgreens. Mars Hydro, Spider Farmer, and Vipa spectra are at the forefront of this category with their high-performance LED grow lights with full-spectrum capabilities, designed to enhance plant growth without wasteful electricity usage.
For instance, Spider Farmer's SF-1000 is a best seller among hobbyists and small growers because of its low cost and light distribution efficiency.Conversely, the > 300-watt LED grow lights, which possess 43.6% of the industry, are utilized majorly in commercial greenhouses, large vertical farms, and cannabis production.
They offer more light intensity and penetration depth, which is needed for high-yielding crops like tomatoes, peppers, and cannabis. Players such as Gavita, Fluence by OSRAM, and Black Dog LED reign supreme in this category by providing enhanced grow solutions with optimized spectrums for commercial use.
For example, Fluence's SPYDR series is highly employed in large-scale cannabis farming because of its high output and consistent distribution of light.As indoor and controlled-environment agriculture grows, low- and high-wattage LED grow lights will remain vital to maximizing plant growth while maintaining energy efficiency.
In the LED Grow Lights Industry, by installation type in 2025, the retrofit segment occupies 62.1% of the industry share, while new installations are 37.9%.The retrofit segment is dominating as in conventional High-Pressure Sodium (HPS), Metal Halide (MH), and fluorescent grow lights; LED technology is gradually replacing the grow light. To reduce operating expenses and enhance both product quality and yield, many commercial greenhouses and indoor farms are replacing their existing systems with energy-efficient LEDs.
In fact, this segment is dominated by players like Signify（Philips Lighting, Fluence by OSRAM, and Gavita, which provide high-performance retrofitting solutions that fit seamlessly into existing infrastructure. Philips GreenPower LED toplighting compact, for instance, was created specifically for greenhouse operators making the switch from HPS to LED by working with existing setups retrofitting is a cost-efficient and modular approach.In contrast, the new installation segment, which accounts for 37.9% of the industry, is mainly driven by the rise of commercial vertical farms, cannabis cultivation facilities, and hydroponic systems.
They are built from the ground up with some of the latest LED technology to provide more energy effectiveness and higher crop effectiveness. Full-spectrum-led solutions available for different types of crops for this industry include Valoya, California LightWorks, and Black Dog LED.
For example, Valoya's wide-spectrum LEDs are designed for research-driven vertical farms that need exacting light conditions.Both retrofit and new installation segments will continue to be major contributors to the overall industry; however, given the high upfront costs associated with fully enclosed, state-of-the-art, controlled-environment agriculture systems, retrofitting will remain the preferred option for most cost-sensitive growers.
| Country | CAGR (2025 to 2035) |
|---|---|
| USA | 8.2% |
| UK | 7.5% |
| France | 6.8% |
| Germany | 7% |
| Italy | 6.3% |
| South Korea | 7.8% |
| Japan | 7.2% |
| China | 9.1% |
| Australia | 6.5% |
| New Zealand | 6% |
The USA industry is expected to grow at a rate of 8.2% from 2025 to 2035, with the growth in the adoption of vertical farming and indoor farming being the driving forces. Government incentives towards sustainable agriculture and energy-efficient lighting are also the driving forces propelling the industry.
With the advent of horticultural LED technology and increased demand for cannabis production, the USA is the leading contributor to the world industry. The presence of large industry players and research centers also propels technological advancement in the industry.
The UK will grow at a CAGR of 7.5%, driven primarily by heightened urban farming and enforcement through the regulatory action on energy-saving technologies. Controlled environment agriculture, amongst other similar methods like hydroponics and vertical farming, has seen huge increases in the region over the transition to green cultivation.
LEDs utilized in grow lighting are increasingly embraced to guarantee ongoing growth of crops all year round, mostly within urban areas, thanks to the limited spaces facilitating the need for high-tech developments in agriculture.
FranceFrance is expected to log a 6.8% CAGR through the forecast period, led by the nation's increasing focus on sustainable agriculture and organic farming. Government initiatives to diminish carbon footprints in agricultural activities have created a demand for energy-efficient lighting systems. The expansion of greenhouse farming in countries with unsuitable climatic conditions also increases the use of LED grow lights, especially for growing specialty crops and herbs.
The industry in Germany is expected to increase with a CAGR of 7.0% due to the nation's concentration on developing technologies in the agriculture sector. Germany is one of the most advanced countries in terms of the solution for smart farming, incorporating automation and artificial intelligence in vertical and greenhouse farming. Government subsidies on sustainable agriculture and the growing trend of individuals seeking to buy locally harvested crops are behind the use of LED grow lights in the nation.
Italy is also forecast to grow at a CAGR of 6.3% due to increasing investment in hydroponics and greenhouse cultivation. Italy's farming is changing due to climate change thanks to indoor farming technologies, especially in areas prone to water scarcity and unpredictable weather patterns. Italy's use of LED grow lights is especially high for the cultivation of high-value produce like tomatoes, herbs, and leafy greens that need controlled conditions to provide maximum yield.
South Korea will have a 7.8% CAGR, driven by high growth in smart agriculture technologies and government-sponsored vertical farming initiatives. The nation's scarce arable land has meant the establishment of other ways of cultivation, such as hydroponics and aeroponics. These products are extensively utilized in urban agriculture initiatives, with efficient energy usage and higher crop yields under controlled conditions.
The Japanese industry is projected to grow at 7.2% CAGR since the nation emphasizes high-tech farming solutions. The country has led the world in plant factories and vertical farming using IoT and AI to achieve optimal agricultural yield. With farmhands lost by Japan, it has also heavily depended on mechanized farm solutions like LED-based lighting systems to cultivate crops more efficiently and faster with less energy expenditure on indoor farms.
China is also expected to experience a CAGR of 9.1% due to massive investments in agricultural modernization and food security. The nation's push for food self-sufficiency has experienced more use of greenhouses and controlled-environment agriculture. Government favorable policies towards energy-saving technology, urbanization, and growing urban agriculture have significantly contributed to the surged demand for These products throughout the various provinces.
Australia's industry is expected to grow at a CAGR of 6.5% owing to the rising use of hydroponics and aquaponics. As Australian agriculture is exposed to unseasonal weather and water shortages, farmers are shifting towards controlled environment agriculture for assured yields. Australia's expanding cannabis cultivation industry also fuels the growing demand for sophisticated light technology in indoor cultivation processes.
New Zealand will most likely grow at 6.0% CAGR as it is experiencing a rise in the demand for sustainable agri-practices. New Zealand's agri-business is also considering new ways towards crop intensification without adding to environmental perturbation on a large scale. The use of These products is becoming common, mainly in greenhouse horticulture and organic fruit cultivation, with farming producers seeking cost-saving techniques to enhance output and become more environmentally friendly.
The industry is highly competitive, with the ability of the leaders to incorporate advanced lighting technologies, energy efficiency, and spectrum optimization in enhancing plant growth. Commercial greenhouses, vertical farms, indoor gardens, and cannabis cultivation are the different applications for which this industry develops appropriate lighting solutions.
Top manufacturers are investing in full-spectrum LEDs, advanced smart lighting controls, and high-efficiency chips in order to maximize yields while utilizing less energy. Such innovative control systems turn out to be the key differentiators among growing companies on the industry. The lengthening of the lifespan of LEDs can also contribute to the durability and reliability of the products, along with the specialization in heat dissipation technologies.
When it comes to specialized applications in horticultural research and high-precision lighting for plant species, startups, as well as niche providers, are concentrating their efforts. Several companies have adjusted their LED grow lights to meet the needs of this rapidly developing industry due to legalization in various areas for the cultivation of cannabis. Spectrum ranges have been optimized based on those parameters that will maximize cannabinoid production.
Emerging markets, strategic partnerships with agri-tech firms, and continuous R&D in photobiology are shaping the competitive landscape. Companies offering energy-efficient, customizable, and smart-controlled LED grow lights will continue to have a competitive edge at a time when both commercial as well as hobbyist growers are in search of cost-effective yet high-performance lighting solutions.
Market Share Analysis by Company
| Company Name | Estimated Market Share (%) |
|---|---|
| Signify (Philips Lighting) | 20-25% |
| Fluence by OSRAM | 15-20% |
| Gavita (Hawthorne Gardening) | 10-15% |
| Valoya | 5-10% |
| Other Key Players | 30-40% |
| Company Name | Key Offerings & Market Focus |
|---|---|
| Signify (Philips Lighting) | Industry leader with a broad portfolio of horticultural LED solutions focusing on commercial greenhouse applications. |
| Fluence by OSRAM | Specializes in high-efficiency LED grow lights tailored for vertical farming and controlled-environment agriculture. |
| Gavita (Hawthorne Gardening) | Offers advanced full-spectrum lighting solutions designed for cannabis and hydroponic applications. |
| Valoya | Focuses on research-driven spectral optimization for specialized crops and research institutions. |
Key Company Insights
Signify (20-25%)
Signify dominates the industry with advanced, research-backed horticultural lighting solutions used by commercial growers worldwide. Its collaboration with major greenhouse operators has solidified its leadership in large-scale farming projects.
Fluence by OSRAM (15-20%)
Fluence has gained significant traction in vertical farming and high-precision cultivation by offering tunable spectrum LED solutions that maximize photosynthetic efficiency.
Gavita (10-15%)
A leader in the cannabis cultivation space, Gavita (part of Hawthorne Gardening) provides tailored LED grow light systems that optimize yields and cannabinoid profiles for high-value crops.
Valoya (5-10%)
Valoya stands out in research-driven applications, collaborating with universities and agricultural institutions to develop specialized spectrums for unique plant growth requirements.
Other Key Players (30-40% Combined)
By product, the industry is segmented into <300 Watt and >300 Watt.
By installation type, key segments include retrofit and new installation.
By application, the analysis covers Indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research, and others.
By region, the report includes insights on North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Product, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 7: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 8: Global Market Volume (Units) Forecast by Application, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Product, 2017 to 2032
Table 13: North America Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 14: North America Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 15: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 16: North America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 19: Latin America Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 20: Latin America Market Volume (Units) Forecast by Product, 2017 to 2032
Table 21: Latin America Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 22: Latin America Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 24: Latin America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Europe Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 28: Europe Market Volume (Units) Forecast by Product, 2017 to 2032
Table 29: Europe Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 30: Europe Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 32: Europe Market Volume (Units) Forecast by Application, 2017 to 2032
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 36: Asia Pacific Market Volume (Units) Forecast by Product, 2017 to 2032
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 38: Asia Pacific Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 40: Asia Pacific Market Volume (Units) Forecast by Application, 2017 to 2032
Table 41: Middle East & Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 42: Middle East & Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 43: Middle East & Africa Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 44: Middle East & Africa Market Volume (Units) Forecast by Product, 2017 to 2032
Table 45: Middle East & Africa Market Value (US$ Million) Forecast by Installation Type, 2017 to 2032
Table 46: Middle East & Africa Market Volume (Units) Forecast by Installation Type, 2017 to 2032
Table 47: Middle East & Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 48: Middle East & Africa Market Volume (Units) Forecast by Application, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Product, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 10: Global Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 13: Global Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 14: Global Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 18: Global Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 21: Global Market Attractiveness by Product, 2022 to 2032
Figure 22: Global Market Attractiveness by Installation Type, 2022 to 2032
Figure 23: Global Market Attractiveness by Application, 2022 to 2032
Figure 24: Global Market Attractiveness by Region, 2022 to 2032
Figure 25: North America Market Value (US$ Million) by Product, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 30: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 33: North America Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 34: North America Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 38: North America Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 42: North America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 45: North America Market Attractiveness by Product, 2022 to 2032
Figure 46: North America Market Attractiveness by Installation Type, 2022 to 2032
Figure 47: North America Market Attractiveness by Application, 2022 to 2032
Figure 48: North America Market Attractiveness by Country, 2022 to 2032
Figure 49: Latin America Market Value (US$ Million) by Product, 2022 to 2032
Figure 50: Latin America Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 57: Latin America Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 58: Latin America Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 62: Latin America Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 66: Latin America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 69: Latin America Market Attractiveness by Product, 2022 to 2032
Figure 70: Latin America Market Attractiveness by Installation Type, 2022 to 2032
Figure 71: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 73: Europe Market Value (US$ Million) by Product, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 75: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 78: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 82: Europe Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 85: Europe Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 86: Europe Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 89: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 90: Europe Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 93: Europe Market Attractiveness by Product, 2022 to 2032
Figure 94: Europe Market Attractiveness by Installation Type, 2022 to 2032
Figure 95: Europe Market Attractiveness by Application, 2022 to 2032
Figure 96: Europe Market Attractiveness by Country, 2022 to 2032
Figure 97: Asia Pacific Market Value (US$ Million) by Product, 2022 to 2032
Figure 98: Asia Pacific Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 99: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 106: Asia Pacific Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 110: Asia Pacific Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 114: Asia Pacific Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 117: Asia Pacific Market Attractiveness by Product, 2022 to 2032
Figure 118: Asia Pacific Market Attractiveness by Installation Type, 2022 to 2032
Figure 119: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 121: Middle East & Africa Market Value (US$ Million) by Product, 2022 to 2032
Figure 122: Middle East & Africa Market Value (US$ Million) by Installation Type, 2022 to 2032
Figure 123: Middle East & Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 124: Middle East & Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: Middle East & Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: Middle East & Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 127: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 128: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 129: Middle East & Africa Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 130: Middle East & Africa Market Volume (Units) Analysis by Product, 2017 to 2032
Figure 131: Middle East & Africa Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 132: Middle East & Africa Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 133: Middle East & Africa Market Value (US$ Million) Analysis by Installation Type, 2017 to 2032
Figure 134: Middle East & Africa Market Volume (Units) Analysis by Installation Type, 2017 to 2032
Figure 135: Middle East & Africa Market Value Share (%) and BPS Analysis by Installation Type, 2022 to 2032
Figure 136: Middle East & Africa Market Y-o-Y Growth (%) Projections by Installation Type, 2022 to 2032
Figure 137: Middle East & Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 138: Middle East & Africa Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 139: Middle East & Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 140: Middle East & Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 141: Middle East & Africa Market Attractiveness by Product, 2022 to 2032
Figure 142: Middle East & Africa Market Attractiveness by Installation Type, 2022 to 2032
Figure 143: Middle East & Africa Market Attractiveness by Application, 2022 to 2032
Figure 144: Middle East & Africa Market Attractiveness by Country, 2022 to 2032
The industry is expected to reach USD 3.51 billion in 2025.
The industry is projected to grow to USD 27.34 billion by 2035.
China is expected to experience significant growth, with a CAGR of 9.1% during the forecast period.
The <300 Watt segment is one of the most popular categories in the market.
Leading companies include Signify (Philips Lighting), Fluence by OSRAM, Gavita (Hawthorne Gardening), Valoya, California LightWorks, BIOS Lighting, Iluminar, Kind LED, and Heliospectra.
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