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Global LED grow light market value from 2020 to 2030

Published by
M. Shahbandeh,
Mar 10, 2022
This statistic displays the forecasted market value of LED grow light used in indoor farming worldwide from 2020 to 2030, in billion U.S. dollars. According to the report, market value of the LED grow lights amounted to about 1.3 billion U.S. dollars in 2020, and is forecast to grow to about 12.3 billion dollars value until 2030.

Forecasted market value of LED grow lights used in indoor farming worldwide from 2020 to 2030 (in billion U.S. dollars)

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Sources

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Release date

March 2022

Region

Worldwide

Survey time period

as of 2021

Special properties

Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, and others

Supplementary notes

* Data for 2021 to 2029 were calculated based on the cagr given by the source.

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