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

Hemp is a strain of the Cannabis Sativa plant species grown specifically for industrial uses of its derived products. Hemp by definition is a variety of Cannabis that does not produce high levels of CBD or THC. Cannabis is a crop that differs from other horticultural crops. This is primarily because its yield cannot be evaluated based solely on the weight or number of flowers or leaves. The chemical compounds produced by Cannabis are a very important product of this crop. In order to produce high value Cannabis, it is necessary to understand how environmental factors can be manipulated to enhance final product quality. Cannabis Light contains high levels of CBD (cannabinoid) and low levels of 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

Based on Geography, the Global Cannabis Lights Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North American is the largest Cannabis Lights Market owing to the progressive legislative changes and increasing the commercial market in the region. Also, with the increasing medicinal market in the region, North America is expected to be the largest consumers of cannabis, which will drive the Cannabis Lights Market in the region. Also, with the increasing legalization of cannabis in both Canada and the United States, is another factor that is driving the Cannabis Lights Market, which would increase the cultivation of cannabis which in result will drive the Cannabis Lights Market in the region.

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

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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