[Insights] Trendforce: Global LED market size the market size of $ 2.056 billion is growing by 2029

[Insights] Trendforce: Global LED market size the market size of $ 2.056 billion is growing by 2029
[Insights] Trendforce: Global LED market size the market size of $ 2.056 billion is growing by 2029

According to the report of Trendforce 2025 Development trends in LED growth lights and large application sectors, ”the 2024 LED growth market is recovering, which can be attributed by the recovery of the demand for greenhouse of fruit and vegetables and renewed investments in small and medium-sized vertical farms. USD is expected. the producers to use LED solutions and to bring the market to a forecast USD 2.056 billion in the amount of $ 2.056 billion by 2029, with the annual growth rate (CAGR) of 9.4% from 2024 to 2029 encouraging an annual growth rate (CAGR).

The report shows that greenhouse (including non-stacked interior companies) make up the largest proportion of LED growing applications, followed by vertical farms and the consumer segment. In 2024, greenhouses make up over 60% of the market, while vertical farms contribute more than 30%. In view of the ongoing investments in agricultural innovations, vertical farms are expected to recognize a growing proportion of demand in the coming years.

01 market options in greenhouse applications (including non -stacked interior construction)
The demand in this application market is still dominated by LEDs' replacement lamps with high-pressure sodium (HPS), mainly due to the considerable energy-saving advantages of LED technology. The market focus has shifted towards high-performance solutions over 600 W, with the products in the range from 600 W to 1500 W gradually becoming a mainstream configuration. The total level of photosynthetic photon effectiveness (PSA) has increased to 3.0 to 4.5 µmol/j, which not only increases plant growth efficiency, but also lowers the total production costs.

In 2024, the demand for LED growth lights in cannabis cultivation indicated indoors, but the interest in high-quality plants such as tomatoes, strawberries, grapes and flowers has increased. These cultures that require strict fresh standards are increasingly grown locally to minimize transport costs. Trendforce estimates that greenhouse applications make up 61.5% of the LED growth market market in 2024, slightly after 2023, but still dominant. This segment is expected to grow to USD 1.158 billion by 2029, with a CAGR of 7.5% from 2024 to 2029.

Leading brands such as Philips, Fluence, Gavita, Agrolux, Acuity, Lumatek, Hortilux, Helioctra and California Lightworks use this trend by offering products with optimized spectral recipes and adjustable multi-channel controls. In addition to the standard angle of 120 degrees, a wider angle of 140 and 150 degrees of popularity is obtained.

02 market opportunities in small and medium -sized vertical agricultural applications
After a two -year recalibration, the vertical agricultural sector showed signs of relaxation in 2024, with small and medium -sized farms to promote growth. Factors such as increasing demand for localized cultivation, a focus on fresh and healthy products and state subsidies support profitability in this segment. These farms include minor operations, container farms that serve urban communities, and agricultural farms in the shop that are operated by supermarkets and retailers who contribute to sustainable demand growth.

Container farms in urban areas, island resorts (e.g. Sri Lanka), schools and resource scarce regions such as Alaska are very popular. Farms in the shop are expanding into shops, hotels, restaurants and even sea ships, such as tankers with AGWA farm products that are managed by Synergy Marine Group. Beyond leafy vegetables, high -quality plants such as strawberries and onions as well as plants for breeding are increasingly cultivated. Trendforce projects this market segment to reach USD for $ 822 million by 2029, with a CAGR of 13.1% from 2024 to 2029.

03 market opportunities for consumer applications
According to the latest data from Trendforce, the increasing demand for gardening and decorative facilities in interiors throughout Europe and America has driven increased sales of consumer LED growth lights. In combination with accessible e-commerce platforms, the turnover of LED growth lights has increased consumer quality. In 2024, this segment accounted for 4.8% of the overall market.
With regard to the future, the continued passion for gardening in Europe and America and the introduction of innovative LED growth products will promote further market growth. Trendforce predicts that this market is growing to USD 76 million by 2029, with a CAGR of 3.7% from 2024 to 2029.

Author: Christine / Trendforce

Trendforce 2025 Development trends in LED growing lights and important application sectors
Publication: April 15, 2025
Language: Traditional Chinese / English
Format: PDF
Pages: 63

Chapter 1 Global LED LED Lights Market Trend
• LED power for horticultural lighting
• LED main applications for horticultural lighting
• Analysis of the most important LED garden construction lighting applications
• Technical requirements for the main applications of LED garden construction lighting
• LED growth lights: Analysis of the current developments and trends of product technology
• Distribution of important cultures on the horticultural lighting market
• The most promising lighting applications on a plant -based basis
• Growth driver on the LED market for horticultural lighting
• Guidelines and regulations
• 2025-2029 global LED analysis of the market size for market sizes
• 2025-2029 Global LED analysis for market size analysis-value-based: after application
• 2025-2029 LED analysis for market size analysis-value-based: by region

Chapter 2 Trend Analysis on Waxen lights in the greenhouse
• Market size analysis of LED growing lights in the greenhouse
• Regional market analysis of LED growing lights for greenhouse
• LED lighting specifications and prices for greenhouses: fruit, vegetables and flower plants
• LED lighting specifications and prices for agriculture indoors: cannabis
• Case study: Applications for greenhouses across Europe
• Case study: Applications for greenhouses across North America
Chapter 3 trend analysis on growth lights in vertical agriculture
• Market size analysis of LED growing lights in vertical agriculture
• Regional market analysis of LED growing lights for vertical agriculture
• Product specifications and price analysis of LED growing lights for vertical agriculture
• Current developments in the vertical agricultural market
• Types of vertical agricultural applications in small and medium -sized standards and main market analysis
• Case study: Applications for vertical agriculture across North America
• Case study: Applications for vertical agriculture across Europe
• Case study: Applications for vertical agriculture across Asia

Chapter 4 Trend Analysis on Wachdlichtern in Consumer Breeding
• Market size analysis of LED growing lights in consumer agriculture
• 2024-2025 regional market analysis of LED growing lights for consumer agriculture
• Product specifications and price analysis of LED growing lights for consumers

Chapter 5 Market analysis for the supply chain for supply chains
• 2025-2029 LED market value for agricultural lighting
• Specification analysis of Gartenbau -Led -Led products from Major
Manufacturer
• 2025 Analysis: LED specifications and prices for horticultural lighting
660nm red light products
• 2025 Analysis: LED specifications and prices for horticultural lighting
White light products
• Horticulture Led Lighting Market Supply Chain Update
• 2023-2024 Agricultural Lighting LED manufacturer income ranking
• 2023-2024 market share of Agricultural Lighting LED manufacturer
• LED garden construction -lighting manufacturer Landscape