High Intensity Discharge Grow Light Market by Type, by End-User, by Applications, by Deployment & by Technology 2032
High Intensity Discharge Grow Light Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Looking ahead, the demand for HID Grow Lights is expected to shift as newer technologies, such as LED grow lights, begin to take a more dominant role in indoor farming applications. The transition towards LEDs is driven by their superior energy efficiency and customizable light spectrums. Despite this, HID lights are still projected to maintain a solid presence in the market, especially in large-scale commercial operations where their high intensity remains crucial for maximizing crop productivity. Furthermore, HID lighting is also gaining traction in niche sectors like vertical farming and cannabis cultivation, where growers prioritize robust light intensity for certain plant types.
The market outlook from 2023 to 2033 reveals a dynamic shift toward hybrid lighting solutions, where HID lights are increasingly paired with LEDs to optimize plant growth. This hybrid approach combines the strength of HID lights in providing deep penetration of light with the energy efficiency of LEDs, offering a balanced solution for growers. By 2033, it is anticipated that the HID Grow Light market will reach a value of $6 billion, with consistent demand from industries aiming to meet the global need for sustainable agricultural practices.
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The High Intensity Discharge (HID) Grow Light market has experienced a significant evolution from 2018 to 2022, with rapid growth driven by the increasing adoption of controlled environment agriculture (CEA) and hydroponics. During this period, the market saw a steady rise in demand, largely fueled by the expansion of commercial horticulture and the growing need for sustainable farming solutions. As of 2022, HID lights were widely regarded as an essential component for optimizing crop yield, especially in regions with limited natural sunlight. This growing demand was further supported by technological advancements in HID lighting systems, such as improved energy efficiency and longer lifespans, making them more attractive to growers. The total market was valued at over $4 billion in 2022, with a projected compound annual growth rate (CAGR) of around 6% from 2023 to 2033.
Who are the largest Global manufacturers in the High Intensity Discharge Grow Light industry?
- Royal Philips
- General Electric Company
- Osram Licht AG
- Gavita Holland B.V.
- Lumigrow Inc.
- Heliospectra AB.
- Iwasaki Electric Co.
- Ltd.
- Illumitex Inc.
- Hortilux Schreder B.V.
- Sunlight Supply Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global High Intensity Discharge Grow Light Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global High Intensity Discharge Grow Light Market
- Vertical Farming
- Indoor Farming
- Commercial Greenhouse
- Turf and Landscaping
- Others
What are the types of High Intensity Discharge Grow Light available in the Market?
Based on Types the Market is categorized into Below types that held the largest High Intensity Discharge Grow Light market share In 2023.
- 150W
- 250W
- 400W
- 600W
- 1000W
Which regions are leading the Global High Intensity Discharge Grow Light Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global High Intensity Discharge Grow Light Market Research Report, 2024-2032
1. Introduction of the Global High Intensity Discharge Grow Light Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global High Intensity Discharge Grow Light Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global High Intensity Discharge Grow Light Market, By Type
6. Global High Intensity Discharge Grow Light Market, By Application
7. Global High Intensity Discharge Grow Light Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global High Intensity Discharge Grow Light Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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