North America Greenhouse Grow Light Market

North America Greenhouse Grow Light Market Size (2024 to 2029)

The North American greenhouse grow light market Size is expected to reach USD 1.633 billion in 2024 and reach USD 2.796 billion by 2029, growing at a CAGR of 11.2% from 2024 to 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.

Market Drivers

The North American greenhouse grow light market is driven by the rise in the 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.

This research report on the North American greenhouse grow light market is segmented and sub-segmented into the following categories.

North America Greenhouse Grow Light Market By Spectrum

• partial spectrum
• full spectrum

North America Greenhouse Grow Light Market By Installation

• new installations
• retrofit

North America Greenhouse Grow Light Market By Technology

• high-intensity discharge
• fluorescent lighting
• LED
• others

North America Greenhouse Grow Light Market By Application

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

COUNTRY ANALYSIS

The North American market has been geographically segmented into the US and Canada. The North American region held the second major stake in the aggregate income of the North American greenhouse Grow Light market in 2016 because of noteworthy growth in demand brought about by established distribution channels and supportive governmental policies.

KEY MARKET PLAYERS

The major players operating in the North America 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. these are the market players that dominate the North America greenhouse grow light market.