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The global commercial LED grow light market was valued at USD 1.94 billion in 2023 and is projected to reach USD 2.70 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period (2024-2030). The influence of COVID-19 and other relevant factors were considered in estimating market sizesThe U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Partial Spectrum Light Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Commercial LED Grow Light include Signify, GE Lighting, Gavita, Osram, Hubbell Lighting, Everlight Electronics, Kessil, Cree and Illumitex, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Commercial LED Grow Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial LED Grow Light. This report contains market size and forecasts of Commercial LED Grow Light in global, including the following market information:

• Global Commercial LED Grow Light Market Revenue, 2019-2024, 2025-2030, ($ millions)
• Global Commercial LED Grow Light Market Sales, 2019-2024, 2025-2030, (K Units)
• Global top five Commercial LED Grow Light companies in 2023 (%)

We has surveyed the Commercial LED Grow Light manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial LED Grow Light Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

• Global Commercial LED Grow Light Market Segment Percentages, by Type, 2023 (%)
• Partial Spectrum Light
• Full Spectrum Light

Global Commercial LED Grow Light Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Commercial LED Grow Light Market Segment Percentages, by Application, 2023 (%)

• Farming
• Greenhouse
• Growroom
• Others

Global Commercial LED Grow Light Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Commercial LED Grow Light Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Commercial LED Grow Light revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Commercial LED Grow Light revenues share in global market, 2023 (%)
• Key companies Commercial LED Grow Light sales in global market, 2019-2024 (Estimated), (K Units)
• Key companies Commercial LED Grow Light sales share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Signify
• GE Lighting
• Gavita
• Osram
• Hubbell Lighting
• Everlight Electronics
• Kessil
• Cree
• Illumitex
• Senmatic A/S
• Valoya
• Heliospectra
• Cidly
• Vipple

Growray
Outline of Major Chapters:
Chapter 1: Introduces the definition of Commercial LED Grow Light, market overview.
Chapter 2: Global Commercial LED Grow Light market size in revenue and volume.
Chapter 3: Detailed analysis of Commercial LED Grow Light manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Commercial LED Grow Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Commercial LED Grow Light capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.