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LED Grow Lights for Plants Research:CAGR of 14.8% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “LED Grow Lights for Plants- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
The global market for LED Grow Lights for Plants was estimated to be worth US$ 1832 million in 2024 and is forecast to a readjusted size of US$ 4329 million by 2031 with a CAGR of 13.3% during the forecast period 2025-2031.
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】
https://www.qyresearch.com/reports/3529639/led-grow-lights-for-plants
Product Overview and Scope of LED Grow Lights for Plants
LED grow lights are luminaires utilizing LED chips in a modern and efficient way to produce light for growing plants.
There are several LED grow light benefits that make them a more viable choice over traditional grow lights. Color variations of the LED grow lights are directly connected to the intended purpose – various studies have shown that certain colors influence plant growth, affecting root and flower formation (blue and red light spectra) which practically means that the majority of plant sorts will complete a normal growth cycle if exposed to both blue and red grow lights. Adding other colors to the spectrum, such as green, far-red and deep-blue aids this process by giving plants more information about its environment and overall resulting in higher quality plants (quicker growth, more secondary metabolite accumulation, etc).
North America is the largest consumption place, with a revenue market share nearly 36% in 2023. Following is Europe, which is the second largest consumption place with the revenue market share of 34%.
Market competition is intense. Signify, ams OSRAM, GE Lighting, Gavita, Lumileds, Everlight Electronics, SANANBIO, etc. are the leaders of the industry, with high-end customers. The top five manufacturers held 33% of the market, in terms of LED grow lights for plants revenue in 2023.
Market drivers
Intelligent upgrading of agricultural production: With the development of technologies such as the Internet of Things and big data, agricultural production is gradually moving towards intelligence. As part of smart agriculture, LED grow lights for plants are increasingly widely used.
Popularization of green environmental protection concepts: With the improvement of environmental awareness, people pay more and more attention to the production methods and quality of agricultural products. As an energy-saving and environmentally friendly lighting method, LED grow lights for plants are in line with the development trend of green agriculture.
Decline in LED technology costs: With the continuous advancement of LED technology and the increase in output, its cost has gradually decreased, making the price of LED grow lights for plants more affordable and the market demand continues to increase.
Market development trend
Intelligence: With the development of Internet of Things technology, LED grow lights for plants will achieve more intelligent control and management, and improve agricultural production efficiency.
Customization: Develop more targeted LED grow lights for plants for different types of plants and growth environments to meet personalized needs.
Standardization: Promote the formulation and implementation of industry standards, improve the versatility and interchangeability of products, and reduce the difficulty and cost of use.
LED Grow Lights for Plants Market Summary
According to the new market research report “Global LED Grow Lights for Plants Market Report 2024-2030”, published by QYResearch, the global LED Grow Lights for Plants market size is projected to reach USD 4.1 billion by 2030, at a CAGR of 14.8% during the forecast period.
- Global LED Grow Lights for Plants MarketSize(US$ Million), 2019-2030
Above data is based on report from QYResearch: Global LED Grow Lights for Plants Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
- Global LED Grow Lights for Plants Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global LED Grow Lights for Plants Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of LED Grow Lights for Plants include Signify, ams OSRAM, GE Lighting, Gavita, Lumileds, etc. In 2023, the global top five players had a share approximately 34.0% in terms of revenue.
- LED Grow Lights for Plants,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global LED Grow Lights for Plants Market Report 2024-2030.
In terms of product type, currently Fruit and Vegetable Flower Growing Lamp is the largest segment, hold a share of 79.4%.
In terms of product application, currently Commercial Greenhouse is the largest segment, hold a share of 75.2%.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The LED Grow Lights for Plants market is segmented as below:
By Company
Signify
GE Lighting
ams OSRAM
Cree LED
Gavita
Everlight Electronics
Lumileds
Kessil
Valoya
Heliospectra AB
Senmatic
AIS LED Light
Yaham Lighting
Longood
Growray
California Lightworks
SANANBIO
Up-shine Lighting
Segment by Type
Non-Full Spectrum Light
Full Spectrum Light
Segment by Application
Vegetable
Fruit
Flowers
Others
Each chapter of the report provides detailed information for readers to further understand the LED Grow Lights for Plants market:
Chapter 1: Introduces the report scope of the LED Grow Lights for Plants report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of LED Grow Lights for Plants manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various LED Grow Lights for Plants market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of LED Grow Lights for Plants in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of LED Grow Lights for Plants in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth LED Grow Lights for Plants competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides LED Grow Lights for Plants comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides LED Grow Lights for Plants market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global LED Grow Lights for Plants Market Research Report 2025
Global LED Grow Lights for Plants Market Research Report 2024
LED Grow Lights for Plants- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and Japan LED Grow Lights for Plants Market Report & Forecast 2024-2030
Global LED Grow Lights for Plants Market Insights, Forecast to 2030
LED Grow Lights for Plants - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
LED Grow Lights for Plants - Global Market Insights and Sales Trends 2024
Global LED Grow Lights for Plants Market Research Report 2023
Global and United States LED Grow Lights for Plants Market Report & Forecast 2023-2029
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