This statistic displays the estimated market value of grow lights worldwide from 2013 to 2023, by technology. In 2016, the global market value of fluorescent grow lights amounted to approximately 800 million U.S. dollars and is forecasted to reach 1.58 billion dollars by 2023.
Estimated market value of grow lights worldwide from 2013 to 2023, by technology
(in million U.S. dollars)
Characteristic
Fluorescent
HID
LED
Others
2023*
1,580
1,430
2,600
360
2022*
1,390
1,260
2,220
350
2021*
1,230
1,160
1,890
330
2020*
1,140
1,060
1,580
320
2019*
1,030
980
1,360
280
2018*
960
880
1,160
250
2017*
900
760
990
300
2016
800
760
860
230
2015
760
700
730
220
2014
700
650
630
220
2013
650
630
550
180
01,0002,0003,0004,0005,0006,0007,000
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Statista. (February 9, 2018). Estimated market value of grow lights worldwide from 2013 to 2023, by technology (in million U.S. dollars) [Graph]. In Statista. Retrieved May 16, 2025, from https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/
Statista. "Estimated market value of grow lights worldwide from 2013 to 2023, by technology (in million U.S. dollars)." Chart. February 9, 2018. Statista. Accessed May 16, 2025. https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/
Statista. (2018). Estimated market value of grow lights worldwide from 2013 to 2023, by technology (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 16, 2025. https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/
Statista. "Estimated Market Value of Grow Lights Worldwide from 2013 to 2023, by Technology (in Million U.S. Dollars)." Statista, Statista Inc., 9 Feb 2018, https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/
Statista, Estimated market value of grow lights worldwide from 2013 to 2023, by technology (in million U.S. dollars) Statista, https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/ (last visited May 16, 2025)
Estimated market value of grow lights worldwide from 2013 to 2023, by technology (in million U.S. dollars) [Graph], Statista, February 9, 2018. [Online]. Available: https://www.statista.com/statistics/804567/global-market-value-of-grow-light-by-technology/
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