Asia Pacific Greenhouse Grow Light Market

Asia-Pacific Greenhouse Grow Light Market Size, Growth, Trends and Forecast

Asia-Pacific Greenhouse Grow Light Market was worth USD 1.21 Billion in 2024 and estimated to be growing at a CAGR of 14.2%, to reach USD 1.98 billion by 2029. Grow lights, particularly LEDs are used in a huge range of farming-related applications, owing to the advantages they offer such as high low power consumption, reliability, and spectral intensity.

A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.

Asia-Pacific Greenhouse Grow Light Market Drivers

The growth of the Asia-Pacific Greenhouse Grow Light Market is mainly driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Grow Light which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.

Asia-Pacific Greenhouse Grow Light Market Segmentation

Asia-Pacific Greenhouse Grow Light Market By Spectrum

• partial spectrum
• full spectrum

Asia-Pacific Greenhouse Grow Light Market By Installation

• new installations
• retrofit

Asia-Pacific Greenhouse Grow Light Market By Technology

• high-intensity discharge

• fluorescent lighting
• LED and others

Asia-Pacific Greenhouse Grow Light Market By Application

• indoor farming
• vertical farming
• commercial greenhouse
• TURF and landscaping
• research
• other applications

Asia-Pacific Greenhouse Grow Light Market Geographical Analysis

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing awareness and supportive government policies, coupled with the rapid growth in disposable incomes and technology are anticipated to lead the growth of the market in this region.

Key Players

The major players operating in the Global Greenhouse Grow Light industry include Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., and Sunlight Supply Inc.