North America Horticulture Lighting Market is expected to grow at a healthy CAGR of 18.2% in the forecast period 2019 to 2026. The years considered for study are as mentioned below:

Access Full Report at https://www.databridgemarketresearch.com/reports/north-america-horticulture-lighting-market

The North America horticulture lighting market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years. Increasing population and urbanization and rapid adoption of new farming technologies are the factor that influences the market growth in the coming future.

The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches that expand the service coverage for the customers. The companies are focusing to meet the rising demand for indoor and vertical farming techniques which helps the companies to sustain their position in the market. For instance, In May 2018, Signify Holding announced their collaboration with Travaglini FarmTech for developing research lab in Milan, which is Italy’s first vertical farm plant research lab. Through this collaboration Philips will provide GreenPower LED production module dynamic grow lights to Travaglini FarmTech. This plant research helps the Travaglini FarmTech to develop vertical farming solutions to improve product consistency and boost the supply chain dynamics. This collaboration helps the company to increase their presence in Italy.

Signify Holding is dominated player in the North America horticulture lighting market. The other key players in the market are 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, BSSLED Manufacturing Ltd., Forge Europa, Cropmaster LED, TE Connectivity Ltd., Cree, Inc., DiCon Lighting, Valoya, EVERLIGHT and Gavita.

Signify Holding

Signify Holding is headquartered in Eindhoven, Netherlands. The company is engaged in developing, manufacturing, and selling lighting products. The ownership of the company is public. The company operates its business through five business segments which are professional, LED, lamps, home and other. LED is market focused business segment. The product categories of the company include lighting products and specialty applications in which specialty applications is market focused category. It has around 29,237 employees as of December 2018.

• In June 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. This light helps growers boost their productivity and lower the price of energy. This product launch helps boost the company's brand range and attract new clients.

It has its global networks through direct sales representatives and distributors in the Asia-Pacific, Europe, Middle East & Africa, South America, North America. The company has various subsidiaries such as Philips Lighting Investment Co., Ltd (China), Philips Lighting Sp. z o.o. (Poland), Philips Lighting Limited (Hong Kong), Philips Lighting GmbH (Germany), Philips Lighting Limited (UK) and others.

OSRAM GmbH

Signify Holding is headquartered in Munich, Germany. The company engaged in providing high quality lighting solution in various sectors. The ownership of the company is public. The company operates its business through three business segments which are Opto Semiconductors, Specialty Lighting, Lighting Solutions and Systems. Opto Semiconductors is market focused business segment. The product categories of the company include Automotive, LED (Light Emitting Diodes), Emitters, Lasers, Sensors, Light Engines and Modules, Light Management Systems, Electronic Control Gear, Flexible Lighting Solutions, Traditional and Specialty Lamps, Luminaires in which Luminaires is market focused category. It has around 27,400 employees as of September 2018.

• In June 2019, Fluence by OSRAM entered into an agreement to give LED alternatives to the certified cannabis medical plant of AgMedica. AgMedica is going to deploy Fluence’s LED systems in their facility to achieve growing consistency and stability of cannabis. This will increase demand of medical cannabis cultivation and growing lights. As the demand for cannabis increases it will led to increase in the demand of LED growing lights, which will maximizes the sales for the company.

It has its global networks through direct sales representatives and distributors in the Americas, Europe, Middle East and Africa, Asia-Pacific. The company has various subsidiaries such as OSRAM Ltd., Slough, Berkshire/Great Britain (U.K.), OSRAM Continental Italia S.r.l., (Italy). OSRAM Continental Austria GmbH (Austria), OSRAM Comercio de Solucoes de Iluminacao Ltda. (Brazil), OSRAM China Lighting Ltd. (China), among others.

EVERLIGHT

Signify Holding is headquartered in New Taipei, Taiwan was established in 1983. The company provides high power LEDs, lighting components, digital displays and Opto-couplers for various applications. The ownership of the company is public. The company operates its business through four business segments which are LED, LCD, Illumination and Others. LED is market focused business segment. The product categories of the company include Visible LED, Infrared LED / IRM / PLT / Optical Switch, Optical IC, Photo Coupler, IGBT, SSR, RoHS / Reach in which Visible LED is market focused category. It has Approx. 5,600 employees.

• In March 2018, EVERLIGHT ELECTRONICS CO., LTD introduced its 5630X-ELB LED range and match LEDs for horticulture as well as other lighting products such as fish and horticulture lighting luminaires. These lights have benefits such as luminous stabilization and effectiveness in order to provide the finest alternative for business, professional and industrial apps. This development will help the company to enhance their product portfolio.

It has its global networks through direct sales representatives and distributors in the Americas, Europe, Africa, Asia-Pacific. The company has various subsidiaries such as Everlight Europe GmbH (Germany), Everlight Americas Inc. (U.S.), Everlight Optoelecronics Korea co. Ltd (Korea), Everlight Electronics India Private Limited (India), Everlight Electronics Singapore Pte. Ltd. (Singapore) and others.