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The United States grow light market is expected to exhibit a CAGR of 11.85% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Grow lights, or plant lights, refer to artificial lights that emit electromagnetic spectrum to promote photosynthesis. It is commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. The different elements of these lights, such as color, intensity, and temperature can also be controlled to mimic outdoor settings. This creates an ideal environment for plants to grow, thus resulting in the improved crop yield. Consequently, grow lights are extensively utilized in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.
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The grow light market in the United States is majorly being driven by the rising trend of urban farming across the country. In addition to this, growing environmental consciousness is also contributing to the market growth. Since grow light is an eco-friendly technique of facilitating agricultural produce, it is increasingly being adopted as a sustainable way of cultivation. Moreover, there is a growing inclination toward indoor farming, which, in turn, is catalyzing the product demand significantly. Associated benefits, including versatility, color quality, energy efficiency, and cost-effectiveness, are also promoting the increasing utilization of grow lights across the agriculture sector. Moreover, various technological advancements, such as the development of smart grow lights integrated with the Internet of Things (IoT), are acting as another major growth-inducing factor. Other factors, such as the increasing establishments of solar power-based agricultural plants, are creating a positive outlook for the market further in the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States grow light market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on technology, installation type, spectrum and application.
Breakup by Technology:
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Breakup by Installation Type:
Breakup by Spectrum:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Million |
| Segment Coverage | Technology, Installation Type, Spectrum, Application, Region |
| Region Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The United States grow light market was valued at US$ 927 Million in 2021.
We expect the United States grow light market to exhibit a CAGR of 11.85 % during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary closure of numerous end-use industries for grow lights.
The growing environmental consciousness, along with the increasing adoption of eco-friendly technique, such as grow light for facilitating agricultural produce, is primarily driving the United States grow light market.
Based on the technology, the United States grow light market has been segmented into HID, LED, fluorescent, and others. Among these, LED currently exhibits a clear dominance in the market.
Based on the installation type, the United States grow light market can be divided into new installations and retrofit installations. Currently, new installations account for the majority of the total market share.
Based on spectrum, the United States grow light market has been categorized into full-spectrum and partial spectrum, where full-spectrum currently holds the largest market share.
Based on the application, the United States grow light market can be bifurcated into indoor farming, vertical farming, commercial greenhouse, turf and landscaping, and others. Currently, commercial greenhouse exhibits a clear dominance in the market.
On a regional level, the market has been classified into Northeast, Midwest, South, and West, where South currently dominates the United States grow light market.
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