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Grow Light Market Size To Reach $14.31 Billion By 2030

Grow Light Market Size To Reach $14.31 Billion By 2030

May 2025 | Report Format: Electronic (PDF)

Grow Light Market Growth & Trends

The global grow light market size is estimated to reach USD 14.31 billion by 2030, registering a CAGR of 15.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.

According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment, and all the other things cities offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited.

Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

The U.S. government has increasingly started to legitimize cannabis plantations across various states. With this initiative, cannabis cultivation is on the verge to become a big business in some parts of the country. Cannabis growers prefer Controlled-Environment Agriculture (CEA) to enhance product quality and yield. This setup consumes a high amount of electricity. As government officials and power companies are trying to convert this into a green industry, they are encouraging the use of LEDs to reduce power consumption and greenhouse gas emissions.

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Grow Light Market Report Highlights

The > 300 watt segment is anticipated to grow at a CAGR of 8.9% during the forecast period due to the expanding use of grow light systems in the residential sector.
The hardware system segment dominated the market and accounted for a revenue share of over 73.0% in 2024.
The plasma segment is anticipated to register significant growth during the forecast period. Plasma lights are useful in vegetative growth as well as flowering.
The retrofit segment accounted for the largest market share of over 56.0% in 2024. The expansion of urban and vertical farming is driving the segment's growth.
The partial spectrum segment is anticipated to grow at the highest CAGR during the forecast period, these are targeted to specific stages of plant growth.
The commercial greenhouse segment accounted for the largest market share of over 41.0% in 2024, driven by increasing global demand for fresh fruits and vegetables.