Horticulture Lighting Market is forecasted to grow at 17.80% with factors such as increasing demand of organic food globally stalling the growth of the global Horticulture Lighting market

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.

Horticulture Lighting Market

Horticulture Lighting Market Scenario

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.

For More Analysis on the Horticulture Lighting market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-horticulture-lighting-market

New Horticulture Lighting Market Developments in 2019

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

Scope of the Horticulture Lighting Market

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.

To know more about the study https://www.databridgemarketresearch.com/reports/global-horticulture-lighting-market

Key Pointers Covered in the Horticulture Lighting Market Industry Trends and Forecast to 2027

  • Horticulture Lighting Market Size
  • Horticulture Lighting Market Shares in different regions
  • Horticulture Lighting Recent Developments for Market Competitors
  • Horticulture Lighting Recent market value for different regions
  • Horticulture Lighting key vendors and disruptors study
  • Horticulture Lighting Infrastructure Development

Key Market Competitors Covered in the report

  • Heliospectra AB
  • excite LED Grow Lights
  • Greens Hydroponics
  • UPSHINE Lighting
  • TESLUX Lighting s.r.o.
  • Hortisystems UK Ltd
  • ProGrowTech
  • Ronfell Group
  • Agrolux
  • Hortilux Schréder B.V.
  • OSRAM GmbH
  • Signify Holding
  • BSSLED Manufacturing Ltd.
  • Forge Europa
  • Cropmaster LED
  • TE Connectivity Ltd.
  • Cree, Inc.
  • DiCon Lighting
  • Valoya
  • Gavita

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

Research Methodology: 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.

Primary Respondents

  • Demand Side: Government fleets, transport agencies, personal consumers.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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