Plant Lighting Equipment Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 12.5 Billion by 2030, growing at a CAGR of 17.5% from 2024 to 2030.
The global plant lighting equipment market has experienced substantial growth in recent years, driven by the expanding adoption of indoor farming and controlled environment agriculture. The market size is being propelled by the increasing demand for food production in urban areas, technological advancements in LED grow lights, and the rising popularity of vertical farming systems. Government initiatives supporting sustainable agricultural practices have also contributed to market expansion. Commercial greenhouses and indoor farming facilities are investing heavily in advanced lighting systems to optimize plant yield, especially in regions with limited sunlight. The demand for energy-efficient and spectrum-specific lighting solutions is also encouraging innovation in the sector. High-intensity discharge (HID) lights are being replaced with energy-saving LEDs, improving operational efficiency and reducing long-term costs for growers. As consumer preference shifts toward organic and locally produced crops, the need for reliable, high-performance plant lighting equipment continues to increase across global markets.
Trends in the plant lighting equipment market indicate a strong shift toward precision agriculture technologies and smart farming systems. The integration of IoT and AI-based controls is transforming lighting systems into intelligent platforms that adapt to crop cycles, growth stages, and environmental conditions. These systems offer real-time monitoring and automation, improving crop quality and resource utilization. Another major trend is the customization of lighting spectrums to match specific plant species, promoting faster growth and improved nutritional profiles. The market also presents opportunities for manufacturers to explore sustainable materials and eco-friendly production processes, catering to the rising demand for green technologies. Emerging economies are showing increased interest in plant lighting solutions as part of their agricultural modernization strategies. As climate variability and land constraints challenge traditional farming, plant lighting equipment is expected to become an essential component of future food systems, presenting significant opportunities for innovation and market penetration worldwide.
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PowerPlant
Philips
Crecer Lighting
Mars Hydro
Darkless
Vivosun
LumiGrow
Yaham Lighting
Valoya
Heliospectra
Oreon
Auxgrow
Atop Lighting
MELITE
PSL Electronic
Agrolux
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Plant Lighting Equipment Market
LED (Light Emitting Diode)
HPS (High Pressure Sodium)
MH (Metal Halide)
CFL (Compact Fluorescent Lamp)
Infrared
UV (Ultraviolet)
Seedling Stage
Vegetative Stage
Flowering Stage
Fruit Development Stage
Harvest Stage
Agriculture
Horticulture
Indoor Gardening
Aquaponics and Hydroponics
Vertical Farming
Low Power (up to 50W)
Medium Power (51W - 200W)
High Power (201W - 500W)
Very High Power (above 500W)
Commercial Growers
Residential Users
Research Institutions
Greenhouses
Nurseries
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Plant Lighting Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Plant Lighting Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Plant Lighting Equipment Market, By Type
6. Gloabl Plant Lighting Equipment Market, By Application
7. Gloabl Plant Lighting Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Plant Lighting Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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