Quantum Board Grow Light Market size is estimated to be USD 1.25 Billion in 2024 and is expected to reach USD 3.45 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
The Quantum Board Grow Light Market was valued at approximately USD 820.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. This robust growth is driven by the increasing adoption of indoor farming and vertical agriculture, particularly in regions with limited arable land and challenging climatic conditions. The North American region held the largest share of the market in 2022, contributing over 35% of the global revenue, primarily due to the expanding legalized cannabis industry in the U.S. and Canada. Europe followed with a market share of around 27%, supported by urban horticulture initiatives and energy-efficient farming techniques. Asia Pacific demonstrated significant potential with a market share exceeding 22%, fueled by the rise of controlled-environment agriculture in countries like China and Japan.
Regions such as the Middle East & Africa and Latin America, though currently accounting for a smaller share of the global market, are expected to experience accelerated growth during the forecast period due to increasing food security initiatives and the adoption of hydroponic and aeroponic systems. Opportunities in the global Quantum Board Grow Light Market lie in the advancement of spectrum optimization technologies and smart lighting integration with IoT-based platforms. Additionally, governmental incentives for sustainable agriculture practices and energy-efficient lighting systems are expected to further boost market demand. Increasing awareness about plant-specific light recipes and innovations in LED board configurations are also opening new avenues for market players to penetrate emerging economies and support year-round crop production under artificial conditions.
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Koray LED Grow Lights
Horticulture Lighting Group
Maksdep（GuangDong One World High-tech Co.
Ltd.）
MokoLight
Guangzhou Vanten Technology
LumLux Corp
Foshan GrowSpec BioTech
Shenzhen Phlizon Technology
Universelite Co.
Ltd.
Auxgrow
Shenzhen Deruikeer Intelligent Control Technology
Shenzhen Meijiu Lighting
RayonLed Lighting International
Cidly
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. 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 Global Quantum Board Grow Light Market
Full Spectrum Quantum Boards
LED Quantum Boards
DMX Controlled Quantum Boards
Modular Quantum Boards
Indoor Gardening
Commercial Horticulture
Hydroponics and Aquaponics
Research and Development
Home Growers
Cob Technology
Surface Mount Technology (SMT)
Active Cooling Technology
Smart Technology Integration
Low Wattage (up to 100W)
Mid Wattage (101W to 300W)
High Wattage (301W to 600W)
Ultra Wattage (above 600W)
Commercial Growers
Residential Users
Research Institutions
Industrial Cultivators
Vertical Farming Operations
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 Global Quantum Board Grow Light 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. Global Quantum Board Grow Light Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Quantum Board Grow Light Market, By Type
6. Global Quantum Board Grow Light Market, By Application
7. Global Quantum Board Grow Light Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Quantum Board Grow Light Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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