Increasing Population and Urbanization and Rapid Adoption of New Farming Technologies are the factors Expected to Drive Europe Horticulture Lighting Market in the forecast period of 2019 to 2026

Europe Horticulture Lighting Market is projected to register a healthy CAGR of 17.6% in the forecast period 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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DRIVERS:

• Growing demand for organic food
• Legalization of medicinal purpose cannabis

RESTRAINT:

• High cost of grow lights

OPPORTUNITIES:

• Increasing popularity of indoor and vertical farming
• Replacing traditional light sources with led grow lights

CHALLENGE:

• Complexity of horticulture lighting

Market Trends

Europe horticulture lighting market is segmented into six notable segments which are offering, deployment, lighting type, cultivation, technology and application.

• On the basis of offering, the market is segmented into hardware, software, and services. In 2019, hardware segment is expected to dominate the Europe horticulture lighting market as hardware is considered to be the primary need for the deployment of horticulture lighting.
• On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions.
• On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. In 2019, toplighting segment is expected to dominate the Europe horticulture lighting market as it acts as an important source in the plant growth which helps the plant to prepare their food through artificial method
• On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture.
• On the basis of technology, the market is segmented into fluorescent, high-intensity discharge (hid), and others.
• On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming, others. In 2019, indoor farming segment is expected to dominate the Europe horticulture lighting market due to the growing demand for organic-nutritious food. Furthermore, in indoor farming, the food can be grown in large volume even in small area, which is necessary for growing urbanization.

Major Players: Europe Horticulture Lighting Market

Some of the major players operating in the Europe horticulture lighting market Heliospectra AB, excite LED Grow Lights, Greens Hydroponics, UPSHINE Lighting, TESLUX Lighting s.r.o., Hortisystems UK Ltd, ProGrowTech, Ronfell Group, GENERAL ELECTRIC, Agrolux, SAMSUNG, Hortilux Schréder B.V., OSRAM GmbH, Signify Holding, BSSLED Manufacturing Ltd., Forge Europa, Cropmaster LED, TE Connectivity Ltd., Cree, Inc., DiCon Lighting, Valoya, EVERLIGHT and Gavita.