Grow Lights Market Share

Statistics for the 2023 & 2024 Grow Lights market share, created by Mordor Intelligence™ Industry Reports. Grow Lights share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Grow Lights Industry

With smart and connected systems advancements, the grow lights market is witnessing technological innovations by major players like Signify and Everlight. With more investments toward large-scale deployment of grow lights, companies seek to merge, partner, or acquire technical capabilities. Some of the key market players are OSRAM Licht AG, Heliospectra AB, Savant Systems Inc., Signify, and Lemnis Oreon BV.

In November 2022, Signify announced the expansion of its Smart Wi-Fi lighting field in India with the launch of two unique portable smart lamps, Philips Smart LED Squire and Philips Smart LED Hero. The Philips Smart LED Squire and Philips Smart LED Hero have a round-shaped design and plug-and-play operation, which makes them easy to use and carry anywhere in the home.

Grow Light Market Leaders

  1. OSRAM Licht AG

  2. Heliospectra AB

  3. Savant Systems Inc.

  4. Signify

  5. Lemnis Oreon BV

*Disclaimer: Major Players sorted in no particular order

Grow Lights Market Concentration

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