LED Grow Light and Hydroponic Greenhouse Automation Market: By Spectrum, By Range, Medium Power, High Power ), By Application, and Geography
LED Grow Light and Hydroponic Greenhouse Automation Market was valued US$ 681.3 million in 2022 and poised to grow at significant CAGR 22.7% from 2023-2029. The major factors driving the growth of market include due to increase in adoption of indoor farming in developed and developing countries, rise in demand for quality and organic food products, government initiations to raise the awareness about smart agriculture across the farmers, increase in the demand for LED grow lights over traditional LED lights, and development of technologically advanced LED grow lights are anticipated to surge the market over the forecast timeframe. However, high cost for the installation and maintenance and lack of awareness about the hydroponic greenhouse farming in underdeveloped countries. In addition, the report includes crop demographics regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global LED grow light and hydroponic greenhouse automation market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global report include suppliers, manufacturers, marketers, policy makers, and agriculture service providers engaged in global turf & ornamental crop protection products.
Study Period
2024-2030Base Year
2023CAGR
22.7%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increase in the demand for hydroponic greenhouse automation due to wide range of advantages is a major factor surge the growth of market over the forecast years. The major advantages with the technique include reduces the labor force and decrease the errors in feed formula mixing, limiting the water and fertilizer usage, effective use of nutrients, and better growth rate due to less weeds. Moreover, rise in demand for organic food farming also boost the growth of market over the forecast timeframe
North America contributed the highest revenue share in global LED grow light and hydroponic greenhouse automation market 2021 and the market is burgeoning with moderate CAGR owing to increase in the adoption of advanced agriculture farming techniques, presence of huge number of market players, and grow in demand for quality and organic food products in the USA and Canada. Asia Pacific LED grow light and hydroponic greenhouse automation market projected to grow at significant rate owing increased economy of Asian countries coupled with concentration on agriculture field. Europe LED grow light and hydroponic greenhouse automation market projected to reach US$ 481.3 Mn by 2028 owing to surge in demand for food products due to rapid growth in population in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 681.3 million |
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Market CAGR |
22.7% |
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By Spectrum |
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By Range |
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By Application |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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The LED grow light and hydroponic greenhouse automation market size was valued at US$ 681.3 million in 2022.
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The LED grow light and hydroponic greenhouse automation market key players are Heliospectra, Lumigrow, Nexus Corporation, Greentech Agro LLC, Netafim, International Greenhouse Company, Argus Control Systems, Prospera Technologies, Pure Harvest, Rough Brothers, Everlight Electronics Co. Ltd, Osram Licht AG, Illumitex Inc, Certhon, Epistar Corp, Motorleaf, Grow LED Hydro
| 1.Executive Summary |
| 2.Global LED Grow Light and Hydroponic Greenhouse Automation Market Introduction |
| 2.1.Global LED Grow Light and Hydroponic Greenhouse Automation Market - Taxonomy |
| 2.2.Global LED Grow Light and Hydroponic Greenhouse Automation Market - Definitions |
| 2.2.1.Spectrum |
| 2.2.2.Range |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global LED Grow Light and Hydroponic Greenhouse Automation Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global LED Grow Light and Hydroponic Greenhouse Automation Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global LED Grow Light and Hydroponic Greenhouse Automation Market By Spectrum, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Full |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Partial |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global LED Grow Light and Hydroponic Greenhouse Automation Market By Range, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Low Power (0-100 Watts) |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Medium Power (100 Watts-300 Watts) |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. High Power (More than 300 Watts) |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global LED Grow Light and Hydroponic Greenhouse Automation Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Indoor Farming |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Landscape & Turf |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Commercial Greenhouse |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Vertical Farming |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global LED Grow Light and Hydroponic Greenhouse Automation Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America LED Grow Light and Hydroponic Greenhouse Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Spectrum Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Full |
| 9.1.2.Partial |
| 9.2. Range Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Low Power (0-100 Watts) |
| 9.2.2.Medium Power (100 Watts-300 Watts) |
| 9.2.3.High Power (More than 300 Watts) |
| 9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Indoor Farming |
| 9.3.2.Landscape & Turf |
| 9.3.3.Commercial Greenhouse |
| 9.3.4.Vertical Farming |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe LED Grow Light and Hydroponic Greenhouse Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Spectrum Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Full |
| 10.1.2.Partial |
| 10.2. Range Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Low Power (0-100 Watts) |
| 10.2.2.Medium Power (100 Watts-300 Watts) |
| 10.2.3.High Power (More than 300 Watts) |
| 10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Indoor Farming |
| 10.3.2.Landscape & Turf |
| 10.3.3.Commercial Greenhouse |
| 10.3.4.Vertical Farming |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) LED Grow Light and Hydroponic Greenhouse Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Spectrum Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Full |
| 11.1.2.Partial |
| 11.2. Range Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Low Power (0-100 Watts) |
| 11.2.2.Medium Power (100 Watts-300 Watts) |
| 11.2.3.High Power (More than 300 Watts) |
| 11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Indoor Farming |
| 11.3.2.Landscape & Turf |
| 11.3.3.Commercial Greenhouse |
| 11.3.4.Vertical Farming |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) LED Grow Light and Hydroponic Greenhouse Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Spectrum Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Full |
| 12.1.2.Partial |
| 12.2. Range Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Low Power (0-100 Watts) |
| 12.2.2.Medium Power (100 Watts-300 Watts) |
| 12.2.3.High Power (More than 300 Watts) |
| 12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Indoor Farming |
| 12.3.2.Landscape & Turf |
| 12.3.3.Commercial Greenhouse |
| 12.3.4.Vertical Farming |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America LED Grow Light and Hydroponic Greenhouse Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Spectrum Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Full |
| 13.1.2.Partial |
| 13.2. Range Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Low Power (0-100 Watts) |
| 13.2.2.Medium Power (100 Watts-300 Watts) |
| 13.2.3.High Power (More than 300 Watts) |
| 13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Indoor Farming |
| 13.3.2.Landscape & Turf |
| 13.3.3.Commercial Greenhouse |
| 13.3.4.Vertical Farming |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Heliospectra |
| 14.2.2.Lumigrow |
| 14.2.3.Nexus Corporation |
| 14.2.4.Greentech Agro LLC |
| 14.2.5.Netafim |
| 14.2.6.International Greenhouse Company |
| 14.2.7.Argus Control Systems |
| 14.2.8.Prospera Technologies |
| 14.2.9.Pure Harvest |
| 14.2.10.Rough Brothers |
| 14.2.11.Everlight Electronics Co. Ltd |
| 14.2.12.Osram Licht AG |
| 14.2.13.Illumitex Inc |
| 14.2.14.Certhon |
| 14.2.15.Epistar Corp |
| 14.2.16.Motorleaf |
| 14.2.17.Grow LED Hydro |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.
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