Global Horticulture Lighting Market to 2032
Overview
The Global Horticulture Lighting Market is expected to reach a 32.20 USD Billion by 2032 and is projected to grow at a CAGR of 19.66% from 2025 to 2032.
Revenue, 2024 (USD Billion)
7.56
Forecast, 2032 (USD Billion)
32.20
CAGR, 2024 - 2032
19.66%
Report Coverage
Global
Global Horticulture Lighting Market 2018-2032 USD Billion
Global Horticulture Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 7.56 USD Billion
- Projected Market Size (2032): 32.20 USD Billion
- CAGR (2025-2032): 19.66%
Key Findings of Global Horticulture Lighting Market
- The Global Horticulture Lighting Market was valued at 32.20 USD Billion in 2024.
- The Global Horticulture Lighting Market is likely to grow at a CAGR of 19.66% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Turnkey Solution in Deployment Segment accounted for the largest share of the market with a revenue of 5.05 USD Billion
- The fastest growing segment Top Lighting in Lighting Segment grew Fastest with a CAGR of 20.37% during the forecast period from 2024 to 2032.
Global Horticulture Lighting Market Scope
Global Horticulture Lighting Market Segmentation & Scope
Deployment
- Retrofit Solution
- Turnkey Solution
Offering
- Services
- Software
- Hardware
Lighting
- Top Lighting
- Supplemental Lighting
- Inter Lighting
- Sole-Source Lighting
- Photoperiodic Lighting
Application
- Others
- Vertical Farming
- Greenhouse
Technology
- Others
- Fluorescent
- High-Intensity Discharge (HID)
Cultivation
- Floriculture
- Fruits
- Vegetables
Global Horticulture Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 7.56 USD Billion |
| Market Value in 2032 | 32.20 USD Billion |
| CAGR (2025-2032) | 19.66% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Deployment,Offering,Lighting,Application,Technology,Cultivation |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 7.56 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 1,778.80 USD Million in 2024.
Segments and Scope
-
Global Horticulture Lighting Market to 2032, By Deployment
- Turnkey Solution is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 5.05 USD Billion in the year 2024.
- Turnkey Solution is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 19.86 % in forecast period 2025-2032.
-
Global Horticulture Lighting Market to 2032, By Offering
- Hardware is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 4.80 USD Billion in the year 2024.
- Software is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 19.48 % in forecast period 2025-2032.
-
Global Horticulture Lighting Market to 2032, By Lighting
- Top Lighting is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 2.87 USD Billion in the year 2024.
- Top Lighting is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 20.37 % in forecast period 2025-2032.
-
Global Horticulture Lighting Market to 2032, By Application
- Greenhouse is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 3.59 USD Billion in the year 2024.
- Vertical Farming is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 19.43 % in forecast period 2025-2032.
-
Global Horticulture Lighting Market to 2032, By Technology
- High-Intensity Discharge (HID) is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 4.54 USD Billion in the year 2024.
- High-Intensity Discharge (HID) is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 19.86 % in forecast period 2025-2032.
-
Global Horticulture Lighting Market to 2032, By Cultivation
- Vegetables is the largest segment in Global Horticulture Lighting Market to 2032 with a revenue of 4.20 USD Billion in the year 2024.
- Vegetables is the Fastest growing segment in Global Horticulture Lighting Market to 2032 with a Growth rate of 20.07 % in forecast period 2025-2032.
Global Horticulture Lighting Market Company Share Analysis
| Company Name |
|
||
| TE Connectivity | |||
| SAMSUNG | |||
| Signify Holding | |||
| ACUITY BRANDS LIGHTING, INC. | |||
| ams-OSRAM AG | |||
Global Horticulture Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Horticulture Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Horticulture Lighting Market is segmented based on Segmentation Deployment,Offering,Lighting,Application,Technology,Cultivation.
Global Horticulture Lighting Market was valued at USD 7.56(Revenue in USD Billion) in 2022.
Global Horticulture Lighting Market is projected to grow at a CAGR of 19.66% during the forecast period of 2024 to 2032.
The Turnkey Solution segment is expected to dominate the Global Horticulture Lighting Market, holding a largest market share of 5.05 USD Billion in 2024
Global Horticulture Lighting Market Scope
Global Horticulture Lighting Market Segmentation & Scope
Deployment
- Retrofit Solution
- Turnkey Solution
Offering
- Services
- Software
- Hardware
Lighting
- Top Lighting
- Supplemental Lighting
- Inter Lighting
- Sole-Source Lighting
- Photoperiodic Lighting
Application
- Others
- Vertical Farming
- Greenhouse
Technology
- Others
- Fluorescent
- High-Intensity Discharge (HID)
Cultivation
- Floriculture
- Fruits
- Vegetables
Frequently Asked Questions
The Global Horticulture Lighting Market is segmented based on Segmentation Deployment,Offering,Lighting,Application,Technology,Cultivation.
Global Horticulture Lighting Market was valued at USD 7.56(Revenue in USD Billion) in 2022.
Global Horticulture Lighting Market is projected to grow at a CAGR of 19.66% during the forecast period of 2024 to 2032.
The estimated market value of the Global Horticulture Lighting Market for final year is USD 32.20 (USD Billion).
Global Horticulture Lighting Market Company Profiling
Frequently Asked Questions
The Global Horticulture Lighting Market is segmented based on Segmentation Deployment,Offering,Lighting,Application,Technology,Cultivation.
Global Horticulture Lighting Market was valued at USD 7.56(Revenue in USD Billion) in 2022.
Global Horticulture Lighting Market is projected to grow at a CAGR of 19.66% during the forecast period of 2024 to 2032.
The estimated market value of the Global Horticulture Lighting Market for final year is USD 32.20 (USD Billion).
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