The global LED grow light market is anticipated to grow at a considerable CAGR of around 28.2% during the forecast period (2022-2028). The market players operating in the market are focusing on coming up with new LED grow light technology to aid in growing market demand. In May 2021, NextLight launched a new generation of LED grows light technology with NextLight Mega Pro. NextLight Mega Pro is a High efficient bright white LED grow light that is designed to efficiently outperform traditional 1000WDE HPS and also LED bar fixtures, especially in shared lighting that is high above the canopy. The LED light has the power and versatility for all stages and styles of indoor growing. On the other hand,
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In June 2021, BVV launched, Neocision Spectra LED lighting fixtures that include three fixtures – the Elite, Pro, and Veg. The first fixture is Neocision Spectra Elite a full spectrum light with optimized blue and red spectra that is targeted to commercial growers. The second product is Neocision Spectra Pro it is a full spectrum, mid-range offering that is targeted to more price-conscious commercial, craft, home, and hobbyist growers that carry an MSRP of USD 899. The last fixture is Neocision Spectra Vegetative which is a full spectrum light with increased blue spectra for better veg cycle plant development that is best before flowering and is targeted to indoor and outdoor cultivators, which carries an MSRP of $449.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Installation Type
- By Spectrum
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Black Dog Grow Technologies Inc., Bridgelux, Inc., Cree LED, EVERLIGHT ELECTRONICS CO.,
LTD., Heliospectra AB, SAVANT TECHNOLOGIES LLC., Yaham Optoelectronics Co. Ltd., and others.
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LED Grow Light Market Report Segment
By Installation Type
- New
- Retrofit
By Spectrum
- Full
- Partial
By Application
- Indoor Farming
- Vertical Farming
- Turf & Landscaping
- Commercial Greenhouse
- Others
LED Grow Light Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AIS LED
- Biological Innovation and Optimization Systems, LLC.
- Enlite Energy Inc.
- Grow Elite
- Horti Tech BV
- Infineon Technologies AG
- Kroptek Ltd.
- LumiGrow, Inc
- Nexsel Tech.
- OSRAM Gmbh
- Samsung Electronics Co., Ltd.
- SANlight GmbH
- Savant Systems, Inc
- Senmatic A/S
- Signify Holding
- Trimleaf Canada
- Valoya Ltd
- Vertically Urban Ltd
- Vipple
- Yaham Optoelectronics Co.,Ltd.
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