According to Cognitive Market Research, the global Greenhouse Lights market size is USD 1658.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 663.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 495.96million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 381.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 82.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 33.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
The <300 Watt held the highest Greenhouse Lights market revenue share in 2024.
