Global Agricultural LED Market Growth: Industry Size, Analysis and Forecast
Report ID : 1287940 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Agricultural LED Market is categorized based on Light Type (Horticultural LED, Full Spectrum LED, Supplemental LED, Quantum Dot LED, Multispectral LED) and Application (Indoor Farming, Greenhouses, Vertical Farming, Plant Research, Commercial Plant Growth) and Technology (High-Intensity Discharge (HID), Light Emitting Diodes (LED), Fluorescent, Incandescent, Induction Lighting) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The market size of Agricultural LED Market, valued at $1.2 billion in 2023, is projected to reach $4.5 billion by 2033, expanding at a CAGR of 14.5% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.
As more farmers switch to LED technology to help them achieve higher and better-quality crops, the LED market specifically in Agriculture is also growing as the need to improve efficiency and adopt more sustainable light sources in farming is increasing. The shift allows not only for decreasing energy consumption but also for manipulation of lights spectrums which results in healthier plants and ultimately better harvests.
With the changes in agricultural redirection and awareness, the use of an LED lighting system among the grower offers a broad range of advantages which include, supporting the ever-growing demand for healthy environmental friendly carbon emissions free, the ease in cultivating crops throughout the year among many others. Due to advancements in IL technology that assist plants in growing better and performing strong against outside influences – farmers and agricultural businesses are now more aware of these systems. But the LED market is agricultural LEDs, it is not about technology only — it is about a new approach in order to green up agriculture.
In light of all these changes, it is important for all stakeholders seeking to take advantage of the Agricultural LED market trends to understand its trends, risks and opportunities. With detailed insights that feed, the perceptual market analysis, competitive mapping and strategies for businesses to innovate and thrive in this fast changing sector.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Signify, Osram Licht AG, Cree Inc., Illumitex Inc., GE Lighting, Heliospectra AB, Fluence Bioengineering Inc., Acuity Brands Inc., Grow LED Hydroponics, Lumigrow Inc., Valoya Oy |
| SEGMENTS COVERED |
By Light Type - Horticultural LED, Full Spectrum LED, Supplemental LED, Quantum Dot LED, Multispectral LED
By Application - Indoor Farming, Greenhouses, Vertical Farming, Plant Research, Commercial Plant Growth
By Technology - High-Intensity Discharge (HID), Light Emitting Diodes (LED), Fluorescent, Incandescent, Induction Lighting
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Agricultural LED Market Dynamics
The Agricultural LED Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Agricultural LED Market Segmentations
Market Breakup by Light Type
- Overview
- Horticultural LED
- Full Spectrum LED
- Supplemental LED
- Quantum Dot LED
- Multispectral LED
Market Breakup by Application
- Overview
- Indoor Farming
- Greenhouses
- Vertical Farming
- Plant Research
- Commercial Plant Growth
Market Breakup by Technology
- Overview
- High-Intensity Discharge (HID)
- Light Emitting Diodes (LED)
- Fluorescent
- Incandescent
- Induction Lighting
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Agricultural LED Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Signify
- Osram Licht AG
- Cree Inc.
- Illumitex Inc.
- GE Lighting
- Heliospectra AB
- Fluence Bioengineering Inc.
- Acuity Brands Inc.
- Grow LED Hydroponics
- Lumigrow Inc.
- Valoya Oy
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