What is the current Cannabis Lighting Market size?

The Cannabis Lighting Market is projected to register a CAGR of 7.60% during the forecast period (2024-2029) Read More

Who are the key players in Cannabis Lighting Market?

OSRAM Licht AG, Gavita Holland BV, Illumitex Inc., Signify Holding and LumiGrow, Inc. are the major companies operating in the Cannabis Lighting Market. Read More

Which is the fastest growing region in Cannabis Lighting Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cannabis Lighting Market?

In 2024, the Europe accounts for the largest market share in Cannabis Lighting Market. Read More

What years does this Cannabis Lighting Market cover?

The report covers the Cannabis Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cannabis Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cannabis Light Market - Companies, Size & Share

Cannabis Light Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Cannabis Lighting Market is Segmented by Lighting Technology (Light Emitting Diodes (LEDs), T5 High Output Fluorescent Light, Ceramic Metal Halide Light, Compact Fluorescent Light, Magnetic Induction Light), Application (Greenhouse, Indoor, Vertical Farming), and Geography (North America, Europ, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Cannabis Lighting Industry Overview

The cannabis lighting market is developing with the increasing legalization in the region and the growing cultivation of cannabis. The vendors of the cannabis lighting market partner with major commercial enterprises and research institutions to understand how light can be used to optimize crop production and how lighting efficiency can be better managed in the greenhouse and growth chambers. They also concentrate on product launches to gain a competitive advantage. A few recent developments are:

October 2021 - OSRAM, an international provider of energy-efficient LED lighting resolutions for commercial cannabis and food production, announced that its high-output SPYDR 2h, SPYDR Fang, waterproof RAZR Enclosed, and next-generation RAPTR top lights, as well as its new lighting controls, Wireless Flex Dimming and the SHYFT Light Scheduler, will be unveiled at MJBizCon 2021.
May 2021 - Thrive Agritech, Inc. has announced releasing the Apex LED grow light for high-intensity applications such as supplemental greenhouse lighting and source lighting for indoor farming.