Global Cannabis Lights Market Size By Type (LED Lights, High-Pressure Sodium Lights), By Application (Hemp Plantation, Hemp Research Center), By Geographic Scope And Forecast

Cannabis Lights Market Size And Forecast

Cannabis Lights Market size was valued at USD 5.23 Billion in 2024 and is projected to reach USD 10.13 Billion by 2031, growing at a CAGR of 7.6% from 2024 to 2031.

Increased patient interest in the medical use of cannabis has been accompanied by a scientific interest in the medical use of cannabis plants which has driven the Cannabis Lights Market. Increasing government support toward the adoption of LED lights is the key factor driving the Cannabis Lights Market, globally. The Global Cannabis Lights Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Cannabis Lights Market Definition

So, hemp? It's basically a type of Cannabis Sativa, but grown for things like rope and fabric, not getting you "high." Hemp is Cannabis that doesn't have much CBD or THC. Now, growing Cannabis is different than your average plant. You can't just judge how good it is by how many leaves or flowers it has. The really important stuff is the chemicals it makes! To get top-notch Cannabis, you gotta figure out how to tweak the environment to boost the quality. Think of Cannabis Light, which is full of CBD (that's the cannabinoid everyone's talking about) and doesn't have much THC (tetrahydrocannabinol).

Cannabis can be found in various forms, and the health benefits of cannabis are increasing. Lighting is crucial during cannabis cultivation, whether indoor or outdoor. The light cycle for flowering cannabis directly correlates to a crop’s quality and overall yield. There are several environmental factors that play key roles in controlling yield, flowering, sex of the plants, and cannabidiol (CBD) and tetrahydrocannabinol (THC) concentrations in Cannabis. These factors include photoperiod, light intensity and light quality.

Global Cannabis Lights Market Overview

Increased patient interest in the medical use of cannabis has been accompanied by a scientific interest in the medical use of cannabis plants which has driven the Cannabis Lights Market. This is a result has increased the indoor cultivation of cannabis, which drives the Cannabis Lights Market. Also, with the increasing phase of the second legalization of the cannabis, which states that cannabis-based products such as edibles, extracts, and topicals are expected to be commercialized, is expected to increase the cultivation of cannabis, which in result will drive the Cannabis Lights Market during the forecast period.

In order to reduce the overall production cost, the cultivators are shifting towards LED lighting. It is due to its ability to significantly reduce energy use is during cultivation. LED bulbs are required less maintenance. As LEDs are more efficient than HID, less wattage equals less heat into space, allowing for potentially lower HVAC loads and operating expenses for the cannabis cultivators. Seeing the benefits associated with the LED bulbs and with increasing shifts towards LED, cannabis lighting vendors are coming up with new products to augment the market growth.

Several Canadian beverage companies have announced to sell cannabis beverages in the region and those beverages can contain a maximum of 10mg of THC as per Health Canada’s regulations. Such an initiative would increase the cultivation of cannabis in the region, which in result would drive the lighting market. However, the high cost associated with the indoor cultivation of cannabis is expected to hinder the market growth during the forecast period.

Global Cannabis Lights Market Segmentation Analysis

The Global Cannabis Lights Market is segmented On the Basis of Type, Application, And Geography.

Cannabis Lights Market, By Type

• LED Lights
• High-Pressure Sodium Lights
• Metal Halide Lights
• UV Lights
• Fluorescent Grow Lights

Based on Type, the market is bifurcated into LED Lights, High-Pressure Sodium Lights, Metal Halide Lights, UV Lights, and Fluorescent Grow Lights. LED lights segment is projected to dominate the largest market share during the forecasted period.

Cannabis Lights Market, By Application

• Hemp Plantation
• Hemp Research Center

Based on Application, the market is bifurcated into Hemp Plantation and Hemp Research Center.

Cannabis Lights Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

When we look at where in the world cannabis lights are used, we can break it down by geographyNorth America, Europe, Asia Pacific, and the rest of the world. North America is currently leading the pack, largely because of how laws are changing and the commercial market is growing. As the medicinal use of cannabis becomes more accepted, North America is projected to be the biggest consumer, which should really boost the cannabis lights market there. Plus, the increasing legalization of cannabis in both Canada and the United States is a huge factor, leading to more cultivation and ultimately, a bigger demand for cannabis lights.

Key Players

The “Global Cannabis Lights Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are PL Light Systems, Philips, LumiGrow, Urban-gro, Valoya, Heliospectra AB, Lighting Science, Allied Scientific Pro, Illumitex, and LumiGrowth.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations and Agreements

• Fluence by OSRAM, a global leader in energy-efficient LED lighting solutions for commercial cannabis and agriculture production, announced a partnership with The Lamphouse, Africa’s largest supplier of specialist lights, in September 2020. The Lamphouse is Fluence’s exclusive partner supporting South Africa’s professional horticultural retailers and fulfilling major commercial cannabis projects, with more than 40 years of experience in a variety of speciality lighting sectors.
• Signify and Yunnan AiBiDa Greenhouse Technology Co., Ltd (China), a greenhouse floriculture producing company, struck a deal in August 2020. Philips hopes to develop its horticulture research partner network in China and service its Chinese floriculture business through this agreement.
• Heliospectra AB was awarded a contract to provide MITRA LED lighting solutions to Nectar Farms in Victoria in January 2020. (Australia). Nectar Farms will be able to scale up their glasshouse tomato output using this approach.

Mergers and Acquisitions

• Eaton sold Cooper Lighting Solutions (US) to Signify in March 2020. Cooper Lighting Solutions (US) is a prominent provider of professional lighting, lighting controls, and connected lighting. Eaton is a well-known manufacturer of professional lighting, lighting controls, and smart lighting. The company will be able to strengthen its presence in the North American market as a result of this acquisition.

Product Launches and Product Expansions

• Valoya added two additional greenhouse LED models to its RX-Series line in September 2020the RX500 and RX600. The new types can be utilised as real HPS replacements, with uniform light output of up to 1700 mol/s. Because of the strong light intensity they emit, they can be placed as high as 4 metres above the canopy.
• Fluence by OSRAM added four new spectra to its VYPR top light series in June 2020, with market-leading efficacies of up to 3.8 mol/J. Fluence’s wide PhysioSpec spectrum, which range from broad white to deep red, allow growers to optimise lighting methods for each crop at any growth stage or in any geographic location.
• Heliospectra showcased new innovative LED lighting systems at Greentech in May 2019. Along with its MITRA series, the company displayed its helioCORE light control system and SIERA light bar solution, which is based on a vertical farming application.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We take a close look at the market, both in terms of numbers (quantitative) and more nuanced aspects (qualitative), by breaking it down into segments based on economic and other factors. We'll give you the market value (in USD Billion) for each of these segments and sub-segments. You'll also find out which region and segment we expect to grow the fastest and ultimately lead the market. We'll analyze each region, focusing on how the product/service is used there and what's influencing the market. Plus, we've mapped out the competitive scene, showing where the big players rank and highlighting their recent moves like new offerings, partnerships, expansions, and acquisitions over the last five years. You'll also get detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses for the key players. We provide a look at the current and future state of the market, considering the latest happenings (including growth opportunities, drivers, challenges, and restraints) in both up-and-coming and established regions. We even dig deep with a Porter's Five Forces analysis. You'll gain a solid understanding of the market through its Value Chain. Finally, we present the market dynamics, including future growth possibilities, and we'll even back you up with 6 months of post-sales analyst support.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.