Energy » Energy & Environmental Technology » Indoor farming | Grow lights: global market size by technology 2013-2023

Global grow light market value 2013-2023, by technology

Estimated market value of grow lights worldwide from 2013 to 2023, by technology (Figures expressed in millions of U.S. dollars, unless otherwise specified)
Created with Highcharts 5.0.146506507007007607608008009009009609601 0301 0301 1401 1401 2301 2301 3901 3901 5801 5806306306506507007007607607607608808809809801 0601 0601 1601 1601 2601 2601 4301 4305505506306307307308608609909901 1601 1601 3601 3601 5801 5801 8901 8902 2202 2202 6002 60018018022022022022023023030030025025028028032032033033035035036036020132014201520162017*2018*2019*2020 *2021*2022 *2023*050010001500200025003000

The data shows 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 approx. 800 million USD and is forecasted to reach 1.58 billion dollars by 2023.

2013 650 630 550 180
2014 700 650 630 220
2015 760 700 730 220
2016 800 760 860 230
2017 900 760 990 300
2018 960 880 1160 250
2019 1030 980 1360 280
2020 1140 1060 1580 320
2021 1230 1160 1890 330
2022 1390 1260 2220 350
2023 1580 1430 2600 360

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