Asia-Pacific Horticulture Lighting Market, By Offering (Hardware, Software and Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits and Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Horticulture lighting are being deployed across horticulture sectors for enhancing and enabling the growth of plants by illuminating them with the help of these lights. The lighting is used as a supplement natural daylight that assist in raising grow light levels to improve photosynthesis.
Artificial light are replacing daylight to acquire ultimate climate control. Asia-Pacific Horticulture Lighting Market was valued at USD 1598.42 million in 2021 and is expected to reach USD 6558.66 million by 2029, registering a CAGR of 19.30% during the forecast period of 2022-2029. “Indoor Farming” accounts for the largest application segment in the respective market owing to the rise in demand for organic-nutritious food. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Horticulture lighting is used in the indoor farming applications as it acts as supplement light for crops instead of natural daylight. It supports as well as enhances the plants growth by illuminating them with artificial light. It is used in various urban farming applications such as for indoor farming, vertical farming and greenhouses. Horticulture lighting allows the cultivation of the plants without any need of daylight through providing them artificial lights for the photosynthesis process in plants. The LED lights are the more advanced technology which is used in the horticulture industry as it offers easy installations and low-cost solutions to the customer.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software and Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits and Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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Heliospectra AB (Sweden), excite LED Grow Lights (Switzerland), Greens Hydroponics (UK), UPSHINE Lighting (China), TESLUX Lighting s.r.o. (Czechia), Hortisystems UK Ltd (UK), ProGrowTech (US), Ronfell Group (UK), GENERAL ELECTRIC (US), Agrolux (Netherlands), SAMSUNG (South Korea), Hortilux Schréder B.V. (Netherlands), OSRAM GmbH (Germany), Signify Holding (Netherlands), BSSLED Manufacturing Ltd. (UK), Forge Europa (UK), Cropmaster LED (UK), TE Connectivity Ltd. (Switzerland), Cree, Inc. (US), DiCon Lighting (US), Valoya (Finland), EVERLIGHT (Taiwan), and Gavita (Norway), among others
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Market Opportunities
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Asia-Pacific Horticulture Lighting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Use in Various Agricultural Applications
The increase in the use of horticulture lighting in various applications such as supplemental lighting, urban farming, cultivation without daylight and multilayer cultivation is one of the major factors driving the growth of horticulture lighting market. These lights meet proper safety and performance requirements as they perform under the specific environmental conditions.
- Awareness Regarding Sustainability
The surge in awareness regarding sustainability accelerate the market growth. Also, the rise in initiatives taken by researchers, organizations and governments for enhancing horticulture with the effective and efficient lighting accelerate the market growth.
- Expansion of Floriculture
The rise in the use of lightings for cultivation of fruits and vegetable and floriculture further influence the market. The increase in demand for horticulture lighting systems in vertical farming applications to set up efficient operations have a positive impact on the market growth.
Additionally, rapid urbanization, change in lifestyle, expansion of horticulture sector, surge in investments and increased consumer spending positively impact the horticulture lighting market.
Opportunities
Furthermore, increase in demand for advanced technologies related to lightings extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, emergence of horticulture lighting software and calculators will further expand the market.
Restraints/Challenges
On the other hand, high setup and installation costs associated with the LED horticulture lights and complex requirement for varied light spectra for different crops are expected to obstruct market growth. Also, complexities with deployment of controlled environment agriculture technology in large fields and lack of standard testing practices for accessing product quality of horticulture lights are projected to challenge the horticulture lighting market in the forecast period of 2022-2029.
This horticulture lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on horticulture lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Asia-Pacific Horticulture Lighting Market
The COVID-19 has impacted horticulture lighting market. The limited investment costs and lack of employees hampered sales and production of horticulture lighting technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in vertical and indoor farms across the globe is expected to further drive the market growth in the post-pandemic scenario.
Asia-Pacific Horticulture Lighting Market Scope and Market Size
The horticulture lighting market is segmented on the basis of offering, deployment, lighting type, cultivation, technology and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware
- Software
- Services
Deployment
- Turnkey Solutions
- Retrofit Solutions
Lighting Type
- Toplighting
- Interlighting
- Photoperiodic Lighting
- Supplemental Lighting
- Sole-Source Lighting
Cultivation
- Fruits
- Vegetables
- Floriculture
Technology
- High-Intensity Discharge (HID)
- Fluorescent
- Others
Application
- Greenhouses
- Vertical Farming
- Indoor Farming
- Others
Asia-Pacific Horticulture Lighting Market Regional Analysis/Insights
The horticulture lighting market is analysed and market size insights and trends are provided by country, offering, deployment, lighting type, cultivation, technology and application as referenced above.
The countries covered in the horticulture lighting market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific..
Horticulture lighting market is rising due to the increasing awareness about healthy lifestyle and growing demand of organic food in the forecast period of 2020 to 2027.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Horticulture Lighting Market
The horticulture lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to horticulture lighting market.
Some of the major players operating in the horticulture lighting market are
- Heliospectra AB (Sweden)
- excite LED Grow Lights (Switzerland)
- Greens Hydroponics (UK)
- UPSHINE Lighting (China)
- TESLUX Lighting s.r.o. (Czechia)
- Hortisystems UK Ltd (UK)
- ProGrowTech (US)
- Ronfell Group (UK)
- GENERAL ELECTRIC (US)
- Agrolux (Netherlands)
- SAMSUNG (South Korea)
- Hortilux Schréder B.V. (Netherlands)
- OSRAM GmbH (Germany)
- Signify Holding (Netherlands)
- BSSLED Manufacturing Ltd. (UK)
- Forge Europa (UK)
- Cropmaster LED (UK)
- TE Connectivity Ltd. (Switzerland)
- Cree, Inc. (US)
- DiCon Lighting (US)
- Valoya (Finland)
- EVERLIGHT (Taiwan)
- Gavita (Norway)
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