Horticulture Lighting Market has shown an exceptional penetration in countries such as Germany, France, and U.S. Although high cost of grow lights still have not created any head turning penetration in developing countries.
According to Data Bridge Market Research the market for Horticulture Lighting the market in Europe region has the highest market share followed by North America and Asia-Pacific. The market leader Signify Holding accounts an estimated market share of approximately 28% to 29% of market share across the globe. The Professional segment proceeds to execute its plan centered on Products & Services, LED luminaire revenues, including attractive development opportunities such as Horticulture, LiFi and Solar. It is continued streamlining of its cost structure, which maintains the company's goal of raising the Adjusted EBITA margin to between 11% and 14% by 2019. In the financial year 2018 company has concentrating on developing new products in the horticulture market, which creates ample opportunities to grow in this market. For example, in 2018, the company introduced the greenhouse horticulture 1000W GreenPower Xtra lamp. This lamp offers a fixed growth light of 4 times more. This results in a higher fruit yield and reduced heat output at the same time.
In 2018, USD 4500 million of its revenues is spent in R&D, the core of its business. The business is also exploring new solutions to IoT lighting systems and facilities, as well as growing growth areas such as horticulture and solar technology.
Trends impacting the market
Data Bridge Market Research has forecasted a large growth in Asia-Pacific horticulture lighting market and the market leaders targeting China and Japan to be their next revenue pockets for 2020.
The Horticulture Lighting market is becoming more competitive every year with companies like OSRAM GmbH and EVERLIGHT are the market leaders for Horticulture Lightings. The Data bridge market research new reports highlight the major growth factors and opportunities in the Horticulture Lighting market.
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Philips GreenPower LED toplighting compact for the European market was introduced by Signify Holding. This is a compact size passively cooled LED toplighting and is an excellent substitute for HPS lamps in June 2019
OSRAM's Fluence introduced horticultural led lighting alternatives for the EMEA (European and Middle East and Africa) industry in May 2019
In June 2019, EVERLIGHT ELECTRONICS CO., LTD demonstrated automotive, signage and lighting components in Guangzhou International Lighting Exhibition 2019
Horticulture lighting market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Israel, Switzerland, Rest of Europe, China, Japan, India, Australia, Singapore Thailand, Malaysia, Taiwan, Indonesia, Philippines, Rest of Asia Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa Rest of middle East and Africa (MEA).
All country based analysis of the Horticulture Lighting market is further analysed based on maximum granularity into further segmentation. On the basis of offering, the market is segmented into hardware, software, and services. 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. 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 and others.
The horticulture lightings have been used for urban farming as urban farming is witnessing tremendous growth in North America and Europe region. Thus, this helps in driving the horticulture lighting market. The growing urbanization in North America and Europe regions demands more freshly grown vegetables as a result, the startups of urban farming is augmenting the horticulture market growth.
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Key Pointers Covered in the Horticulture Lighting Market Industry Trends and Forecast to 2027
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of Horticulture Lighting companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-horticulture-lighting-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Horticulture lighting Market – Industry Trends and Forecast to 2027
Europe Horticulture Lighting Market – Industry Trends and Forecast to 2027
North America Horticulture lighting Market – Industry Trends and Forecast to 2027
Asia-Pacific Horticulture Lighting Market – Industry Trends and Forecast to 2027
Middle East and Africa Horticulture Lighting Market – Industry Trends and Forecast to 2027
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
Increasing Population and Urbanization and Rapid Adoption of New Farming Technologies are the factors Expected to Drive North America Horticulture Lighting Market in the forecast period of 2019 to 2026