North America Grow Lights Market Report 2024

North America Grow Lights Market Report 2023 Market Size Split by Offering (Hardware, Software & Services), Spectrum (Full Spectrum, Limited Spectrum), Cultivated Plant (Fruits and Vegetables, Flowers, Cannabis), Lighting Type (Toplighting, Interlighting), Light Source (Light Emitting Diodes (LED), Fluorescent, High-intensity Discharge (HID) Lights), Application (Greenhouses, Vertical Farms, Indoor Farms, Other Applications), Installation Type (New Installations, Retrofit Installations), Sales Channel (Distribution Channels, E-Commerce Channels, Direct Sales Channels)

North America Grow Lights Market Report Description

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Competitive Landscape of the Grow Lights Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Grow Lights Industry News 

In July 2022, The AB330 and AB660, the company's new LED grow lights, were unveiled, according to AB Lighting. These grow lights optimize power consumption for modern greenhouse conditions; they are intended for commercial vegetable farmers. These lights were created with the purpose of assisting vegetable growers in achieving increased yields. They do this by providing the continuous run times, full spectrum, and lower wattage that crops require. 

(Source: https://www.globenewswire.com/en/news-release/2022/07/13/2479021/0/en/AB-Lighting-to-Unveil-New-LED-Grow-Lights-at-Cultivate-22-as-Company-Expands-Capabilities-to-Include-Horticulture-Production.html)

Top Companies Market Share in North America Grow Lights Industry: (In no particular order of Rank)

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America Grow Lights Market Analysis

Offering Segment Analysis of North America Grow Lights Market

North America Grow Lights market Offering size and share analysis, have been revealed under this section. This section offers market size, revenue share, y-o-y growth rate along with market attractiveness for each type. This will help you to understand which type held largest revenue share along with its compound annual growth rate (CAGR) of North America Grow Lights Market.

With the help of type segment analysis, companies can understand which type has potential to invest along with its driving factors, current trends and other key factors. The timeline covered in the published North America Report edition is 2019 to 2031.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Spectrum Segment Analysis of North America Grow Lights Market

Spectrum segment analysis is key parameter for key companies and new entrants offering versatile products or services, helping them customize products to meet the need of different user scenarios. Based on the application segment analysis, key companies can choose which application segments to target in the North America Grow Lights Market. Our experts continuously monitor market dynamics and consumer trends of the each application to evaluate the attractiveness and potential of each segment. In terms of revenue, we can also provide the cross split of types in the each application for year 2019-2031. To understand more please connect with our sales team.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

North America Grow Lights Cultivated Plant Segment Analysis

• Fruits and Vegetables
• Flowers
• Cannabis

North America Grow Lights Lighting Type Segment Analysis

• Toplighting
• Interlighting

North America Grow Lights Light Source Segment Analysis

• Light Emitting Diodes (LED)
• Fluorescent
• High-intensity Discharge (HID) Lights

North America Grow Lights Application Segment Analysis

• Greenhouses
• Vertical Farms
• Indoor Farms
• Other Applications

North America Grow Lights Country Analysis

In this section we have included market revenue, share, type, application and other segment analysis for each country level. Our team identifies and analyses potential risks associated with operating in each country, including rules and regulations, geopolitical risks, and other market-specific challenges. We estimate historical data and forecast future trends to understand the market's current situation in each country. This analysis helps key players to build strategies to strengthen their foothold in North America Grow Lights market.

• United States
• Canada
• Mexico

The Current Published report Editon on the website includes the following list of countries analysis whereas in case you looking to access any other country or states level data under North America then please revert us to access the exclusive North America Grow Lights industry report Edition.

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Fore...Read More

Author's Conclusion

• Author say's:North America held the major market of more than 40% of the global revenue with a market size of USD 740.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.4% from 2024 to 2031.
• Compared to conventional light sources, LEDs use a great deal less energy, which means that farmers will pay less for operating expenses.
•  In order to promote ideal plant growth and yield, LEDs can be made to emit particular light spectrums that are suited to the requirements of various plant species and growth phases.

Frequently Asked Questions

What is North America Grow Lights market size/share and growth rate?

North America Grow Lightsmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the North America Grow Lightsmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the North America Grow Lights market?

The major factors affecting the North America Grow Lights market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting North America Grow Lights market trends and develop your business strategy accordingly.

Who are the top manufacturers of North America Grow Lights? List of North America Grow Lights Companies and there market trend or market share?

Major manufacturers or list of North America Grow Lights manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. North America Grow Lights Companies such as are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the North America Grow Lights market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under North America Grow Lights market segments analysis?

Under North America Grow Lights market segments analysis Offering, Spectrum, Cultivated Plant. It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the North America Grow Lights market along with its reason. Additionally, the North America Grow Lights market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the North America Grow Lights market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the North America Grow Lights market.

How the North America Grow Lights market performed till 2023 and how will it perform in the following years?

The North America Grow Lights market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the North America Grow Lights market Share.

Which region is expected to hold the highest market share in the North America Grow Lights market?

The report gives an exhaustive investigation of the North America Grow Lights market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

North America Grow Lightsmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the North America Grow Lights market?

The sample report for the North America Grow Lights Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.