South Korea Horticulture Lighting Market to 2032
Overview
The South Korea Horticulture Lighting Market is expected to reach a 726.10 USD Million by 2032 and is projected to grow at a CAGR of 26.69% from 2025 to 2032.
Revenue, 2024 (USD Million)
164.48
Forecast, 2032 (USD Million)
726.10
CAGR, 2024 - 2032
26.69%
Report Coverage
South Korea
South Korea Horticulture Lighting Market 2018-2032 USD Million
South Korea Horticulture Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 164.48 USD Million
- Projected Market Size (2032): 726.10 USD Million
- CAGR (2025-2032): 26.69%
Key Findings of South Korea Horticulture Lighting Market
- The South Korea Horticulture Lighting Market was valued at 164.48 USD Million in 2024.
- The South Korea Horticulture Lighting Market is likely to grow at a CAGR of 26.69% 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 109.92 USD Million
- The fastest growing segment Vertical Farming in Application Segment grew Fastest with a CAGR of 27.67% during the forecast period from 2024 to 2032.
South Korea Horticulture Lighting Market Scope
South Korea Horticulture Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Technology
- Others
- Fluorescent
- High-Intensity Discharge (HID)
Cultivation
- Floriculture
- Fruits
- Vegetables
Lighting
- Sole-Source Lighting
- Photoperiodic Lighting
- Inter Lighting
- Supplemental Lighting
- Top Lighting
Deployment
- Retrofit Solution
- Turnkey Solution
Application
- Others
- Vertical Farming
- Greenhouse
South Korea Horticulture Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 164.48 USD Million |
| Market Value in 2032 | 726.10 USD Million |
| CAGR (2025-2032) | 26.69% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Offering,Technology,Cultivation,Lighting,Deployment,Application |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 164.48 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 164.48 USD Million in 2024.
Segments and Scope
-
South Korea Horticulture Lighting Market to 2032, By Offering
- Hardware is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 105.63 USD Million in the year 2024.
- Software is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 26.57 % in forecast period 2025-2032.
-
South Korea Horticulture Lighting Market to 2032, By Technology
- High-Intensity Discharge (HID) is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 99.33 USD Million in the year 2024.
- High-Intensity Discharge (HID) is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 27.11 % in forecast period 2025-2032.
-
South Korea Horticulture Lighting Market to 2032, By Cultivation
- Vegetables is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 91.62 USD Million in the year 2024.
- Vegetables is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 27.41 % in forecast period 2025-2032.
-
South Korea Horticulture Lighting Market to 2032, By Lighting
- Top Lighting is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 62.54 USD Million in the year 2024.
- Top Lighting is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 27.65 % in forecast period 2025-2032.
-
South Korea Horticulture Lighting Market to 2032, By Deployment
- Turnkey Solution is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 109.92 USD Million in the year 2024.
- Turnkey Solution is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 26.93 % in forecast period 2025-2032.
-
South Korea Horticulture Lighting Market to 2032, By Application
- Greenhouse is the largest segment in South Korea Horticulture Lighting Market to 2032 with a revenue of 78.58 USD Million in the year 2024.
- Vertical Farming is the Fastest growing segment in South Korea Horticulture Lighting Market to 2032 with a Growth rate of 26.22 % in forecast period 2025-2032.
South Korea Horticulture Lighting Market Company Share Analysis
| Company Name |
|
||
| TE Connectivity | |||
| SAMSUNG | |||
| Signify Holding | |||
| ACUITY BRANDS LIGHTING, INC. | |||
| ams-OSRAM AG | |||
South Korea Horticulture Lighting Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Horticulture Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Horticulture Lighting Market is segmented based on Segmentation Offering,Technology,Cultivation,Lighting,Deployment,Application.
South Korea Horticulture Lighting Market was valued at USD 164.48(Revenue in USD Million) in 2022.
South Korea Horticulture Lighting Market is projected to grow at a CAGR of 26.69% during the forecast period of 2024 to 2032.
The Turnkey Solution segment is expected to dominate the South Korea Horticulture Lighting Market, holding a largest market share of 109.92 USD Million in 2024
South Korea Horticulture Lighting Market Scope
South Korea Horticulture Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Technology
- Others
- Fluorescent
- High-Intensity Discharge (HID)
Cultivation
- Floriculture
- Fruits
- Vegetables
Lighting
- Sole-Source Lighting
- Photoperiodic Lighting
- Inter Lighting
- Supplemental Lighting
- Top Lighting
Deployment
- Retrofit Solution
- Turnkey Solution
Application
- Others
- Vertical Farming
- Greenhouse
Frequently Asked Questions
The South Korea Horticulture Lighting Market is segmented based on Segmentation Offering,Technology,Cultivation,Lighting,Deployment,Application.
South Korea Horticulture Lighting Market was valued at USD 164.48(Revenue in USD Million) in 2022.
South Korea Horticulture Lighting Market is projected to grow at a CAGR of 26.69% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Horticulture Lighting Market for final year is USD 726.10 (USD Million).
South Korea Horticulture Lighting Market Company Profiling
Frequently Asked Questions
The South Korea Horticulture Lighting Market is segmented based on Segmentation Offering,Technology,Cultivation,Lighting,Deployment,Application.
South Korea Horticulture Lighting Market was valued at USD 164.48(Revenue in USD Million) in 2022.
South Korea Horticulture Lighting Market is projected to grow at a CAGR of 26.69% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Horticulture Lighting Market for final year is USD 726.10 (USD Million).
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