Latest News: Light-Emitting Diode (Led) Grow Lights Market Size to grow by USD 11321.4 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Light-Emitting Diode (Led) Grow Lights Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The urban population's dietary preferences are evolving, with a growing emphasis on consuming more fresh produce. This trend has led to a surge in urban food production as an alternative to frozen food. Rooftop greenhouses represent a promising solution for urban agriculture, given the limited availability of affordable land in cities. These structures, built on building rooftops, utilize hydroponics and aeroponics systems for irrigation to generate new agricultural spaces and enhance plant coverage within urban environments. The adoption of advanced lighting solutions, such as LED grow lights, is essential for optimizing crop growth in these limited spaces. LED grow lights offer energy efficiency, long lifespan, and customizable spectrums, making them an ideal choice for sustainable and productive rooftop greenhouses.

Key Highlights

Growth Projections

The global light-emitting diode (led) grow lights market  size is estimated to grow by USD 11321.4 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 39.04% during the forecast period. Growth in indoor farming is driving market growth, with a trend towards innovation and investments in greenhouse horticulture startups  However, high installation and setup costs  poses a challenge.Key market players include Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., Controlled Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., and Valoya Oy.

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Major Findings

• The Light-Emitting Diode (LED) grow lights market is experiencing significant growth due to the increasing trend towards indoor farming. These energy-efficient lights provide optimal spectral distribution for plant growth, enabling year-round cultivation and higher yields. The use of LED grow lights is particularly advantageous in regions with harsh climates or limited arable land, making it a promising investment for agricultural businesses and hobbyists alike. The global LED grow lights market is expected to continue expanding, driven by advancements in technology and the growing demand for sustainable agriculture solutions.


• The Light-Emitting Diode (LED) grow lights market is gaining significant traction due to the increasing demand for energy-efficient and long-lasting horticultural lighting solutions. LED grow lights offer numerous advantages over traditional HID lamps, including lower energy consumption, longer lifespan, and the ability to produce specific wavelengths of light for optimal plant growth. As the global focus shifts towards sustainable agriculture and reducing energy costs, the adoption of LED grow lights is expected to accelerate in the coming years.


• The Light-Emitting Diode (LED) grow lights market faces a significant challenge in the form of high installation and setup costs. This is due to the initial investment required for purchasing and installing the advanced technology LED grow lights, which can be a deterrent for smaller-scale farmers and hobbyists. The complexity of the setup process, including wiring and cooling systems, further adds to the overall cost. However, the long-term energy savings and improved crop yields make LED grow lights a worthwhile investment for larger commercial operations.


• LED grow lights, while offering numerous benefits such as energy efficiency and long lifespan, may pose potential harm if not used properly. Overexposure to LED grow light emissions, particularly blue and red wavelengths, can lead to photoinhibition and phototoxicity in plants, resulting in reduced growth and yield. Additionally, continuous exposure to LED grow lights may negatively impact human health, causing eye strain, headaches, and sleep disturbances. Proper usage guidelines, including recommended distance and exposure times, should be strictly adhered to ensure optimal plant growth and minimize potential health risks.

Market Research Overview

The global electronics market encompasses a vast array of industries, including communications equipment manufacturers, technology hardware and storage providers, electronic equipment and instrument producers, electronic component suppliers, consumer electronics companies, industrial electronics product developers, and electronic manufacturing services. Among these sectors, the electronic components segment is a significant contributor to the market's growth. This segment's expansion will be fueled by the burgeoning demand for Internet of Things (IoT) devices, leading to increased production and sales of connectors, capacitors, resistors, transformers, inductors, printed circuit boards (PCBs), and lighting products, such as Light-Emitting Diodes (LED) grow lights. According to Technavio's market analysis, the global electronic components market size is determined by calculating the revenue generated from the sales of associated ICT and electronics products, equipment, and components.

The Light-Emitting Diode (Led) Grow Lights Market is experiencing significant growth, fueled by the Growth in indoor farming. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Light-Emitting Diode (LED) grow lights market represents a significant business opportunity for manufacturers and suppliers. These energy-efficient lights offer superior spectral output and longer lifespan compared to traditional HID grow lights. LED grow lights enable commercial-scale cultivation of horticulture and medicinal plants indoors, ensuring consistent yield and quality. Market growth is driven by increasing demand for locally grown produce, energy savings, and the ability to grow year-round. Investment in research and development to improve LED technology and cost-effectiveness further bolsters market expansion.

Research Analysis Overview

The global LED grow lights market is experiencing significant growth as more farmers and horticulturists embrace lighting technology as an essential tool for indoor farming and controlled environment agriculture. Traditional lighting sources like Fluorescent lighting and Halogens are being replaced with energy-efficient LED alternatives. Low watt LED grow lights consume less power compared to Fluorescent lighting and provide better light intensity and spectrum for photosynthesis, making them ideal for urban farming, hydroponic systems, and indoor gardening. High power LED grow lights are used in commercial greenhouses and smart WiFi lighting systems are gaining popularity for their ability to be controlled remotely. New installations and retrofit installations of LED grow lights are increasing in indoor farming, hydroponics, horticulture, and sustainable agriculture. Smart LED grow lights offer advanced features like adjustable light intensity and spectrum, making them suitable for research purposes and smart greenhouses. Vertical farms and controlled environment agriculture are also adopting LED grow lights for their energy efficiency and ability to optimize light intensity and spectrum for various plant species. The market for LED grow lights is expected to continue growing as the demand for sustainable and efficient agriculture solutions increases.

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