Market Research Report

ID:VMR11218964
September 2023
REPORT FORMATS: ELECTRONIC (PDF), MS EXCEL

Frequently Asked Questions (FAQs) about this Report

For the year 2022, the global market size for grow light was valued at USD 4.42 Billion.

The global grow light market growth is estimated to be close to 34.32% between 2023 and 2030.

In the global grow light market, Europe holds the largest market share.

The global grow light market is segmented by Offering (Hardware, Software and Services), by Lighting Type (Toplighting, Interlighting), by Installation Type (New installations, Retrofit Installations), by Watt (<300 Watts, >300 Watts), by Application (Greenhouses, Vertical Farms, Indoor Farms, Research And Tissue Culture Laboratories), by Cultivated Plant (Fruits And Vegetables, Flowers, Cannabis), by Spectrum (Full Spectrum, Limited Spectrum).

The leading players in the global grow light market are Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden).
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Objectives of Study
  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments
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Key questions answered by the report

  • What is the current market size and trends?
  • What will be the market size during the forecast period?
  • How various market factors such as a driver, restraints, and opportunity impact the market?
  • What are the dominating segment and region in the market and why

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