GROW LIGHTS MARKET ANALYSIS

Regional Analysis

Global Grow Lights Market: Regional Insights

North America among regions is anticipated to gain a major share in the global grow lights market over the forecast period. The primary factors responsible for the growth of this region in the market is rise in demand for nutritious food, and growing trend of rooftop farming operations in urban regions. For instance, there are more than 20,000 natural food stores available in the U.S. and 3 out of 4 traditional grocery stores are offering organic products. As per the Organic Trade Association, the complete organic sales was 5.8% of the total food sales, and it registered a growth value of 4.6%. Thus, these factors are expected to drive growth of the global grow lights market over the forecast period.

Along with this, Asia Pacific is also anticipated to witness substantial growth in the global grow lights market over the forecast period. This growth is due to rapidly increasing urban agriculture, such as green houses, vertical farming, and growth chambers, creating strong demand for grow lights across the region. Countries such as Taiwan, China, and Japan are the major contributor to the grow lights market in Asia Pacific. Due to high technological developments in urban farming technologies, the demand for grow lights is high in these countries. Thus, Asia Pacific is anticipated to show high growth rate in the market over the forecast future.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa