The Europe grow light market size reached US$ 1,437 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,386 Million by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Size in 2023 | US$ 1,437 Million |
Market Forecast in 2032 | US$ 3,386 Million |
Market Growth Rate 2024-2032 | 9.7% |
Grow lights are artificial lights that emit electromagnetic spectrum to promote photosynthesis. Grow lights are commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. They aim to mimic outdoor settings by controlling different light elements, such as color, intensity, and temperature. This creates an ideal environment for plants to grow, thereby resulting in an improved crop yield. Consequently, grow lights are extensively utilized in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.
Europe grow light market is majorly being driven by the escalating demand for plant-based food products, these lights are being extensively utilized to facilitate agricultural produce. The enhanced focus on sustainable development is acting as another major growth-inducing factor. Moreover, there has been a significant shift toward vertical and indoor farming, which, in turn, is catalyzing the utilization of grow lights across various settings. The large-scale integration of grow lights with the Internet of Things (IoT) is further creating a positive outlook for the market in the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe grow light market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on technology, installation type, spectrum and application.
Breakup by Technology:
Breakup by Installation Type:
Breakup by Spectrum:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Technology, Installation Type, Spectrum, Application, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe grow light market was valued at US$ 1,437 Million in 2023.
We expect the Europe grow light market to exhibit a CAGR of 9.7% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations resulting in the temporary closure of numerous end-use industries for the grow lights.
The rising focus on sustainable development, along with the growing adoption of grow lights in vertical gardening, horticulture, commercial indoor gardening, etc., is primarily driving the Europe grow light market.
Based on the technology, the Europe grow light market has been segmented into HID, LED, Fluorescent, and others. Among these, LED currently exhibits a clear dominance in the market.
Based on the installation type, the Europe grow light market can be divided into new installations and retrofit installations. Currently, new installations account for the majority of the total market share.
Based on spectrum, the Europe grow light market has been categorized into full-spectrum and partial spectrum, where full-spectrum currently holds the largest market share.
Based on the application, the Europe grow light market can be bifurcated into indoor farming, vertical farming, commercial greenhouse, turf and landscaping, and others. Currently, commercial greenhouse exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe grow light market.