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 |