Grow Lights Market Outlook:
Grow Lights Market size was over USD 6.23 billion in 2025 and is poised to exceed USD 29.19 billion by 2035, growing at over 16.7% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of grow lights is estimated at USD 7.17 billion.
The grow lights market is experiencing rapid growth, with increasing government incentives in agricultural activities, which is promoting innovation in urban farming methods. The initiatives include significant funding that enables farmers access to basic technological developments, such as grow lights, which are essential for controlled environment agriculture systems. In July 2023, the U.S. Department of Agriculture (USDA) awarded USD 7.4 million across 25 grants to support urban agriculture and innovative food production projects. The redirected funds support purposes such as enhancing dietary access through local food networks and promoting urban agricultural development. The expanding number of urban farms is resulting in increased need for efficient grow lights since these lighting systems enable constant crop output throughout the year despite climate change, further stimulating the market growth.
