Europe Horticulture Lighting Market, By Offering (Hardware, Software & Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits & Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe) – Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Horticulture Lighting Market
Europe horticulture lighting market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 17.6% in the forecast period of 2020 to 2027 and expected to reach USD 7,834.02 million by 2027 from USD 2,139.33 million in 2019. Increasing concern about pollution and depleting fossil fuel sources are the factors for the market growth.
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.
Increasing adoption of vertical farming technology for crop cultivation is also expected to enhance the market growth. In addition to this market player are also taking initiatives to promote horticulture lighting in the Europe region. For instance, Plessey, the British LED manufacturer, has produced rising illumination for Sterling Suffolk's latest 54,400 square meter tomato greenhouses. Plessey has collaborated with the same Belgian company to create a modern ecological greenhouse.
This horticulture lighting market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Horticulture Lighting Market Scope and Market Size
Horticulture lighting market is segmented on the basis of offering, deployment, lighting type, cultivation, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Europe Horticulture Lighting Market, By Application
On the basis of offering, the market is segmented into hardware, software, and services. The indoor and vertical farming technology has the basic requirement of hardware for the cultivation of crops. This basic requirement of the hardware to build indoor and vertical farms is the major factor which helps the hardware segment to dominate the horticulture lighting market.
On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share as it offers enhanced crop yields to the farmers.
On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. The toplighting segment is accounted with the largest market share as it acts as an important source for the plant growth helping the plant to prepare their food through artificial method.
On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the horticulture lighting market as the rising demand for the fresh vegetables and fruits has tends to increase the production of these vegetables. Moreover, these vegetables are easily grown in the controlled lighting conditions. In addition to this, the changes in the lifestyles of the developing countries become more conscious to their health. As these vegetables have high amount of nutritional value which further increase its demand in the coming future.
On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has growing with the highest share as it provides maximum yield by producing perfect UV rays intensity. This helps the crops to develop photosynthesis process which results in better crop growth at indoor location.
On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming and others. Indoor farming is dominating the market, as it is most preferable method of cultivation. Indoor farming or urban farming is the method of crop cultivation entirely in the indoor conditions. This farming method often utilizes crop growing methods such as aeroponics, hydroponics which uses artificial light to supply the essential nutrients and light concentrations needed for the growth of crops. Indoor farming is being used on a larger scale to fulfil the demand of local food supply.
Europe Horticulture Lighting Market Country Level Analysis
Horticulture lighting market is analysed and market size information is provided by country, by offering, deployment, lighting type, cultivation, technology and application as referenced above.
The countries covered in the horticulture lighting market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and Rest of Europe in Europe.
Horticulture lighting market is growing due to increasing consumption of pesticide free food.
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 such as new sales, replacement sales, country demographics, and regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
New Product and Technology Launches by Lighting Manufacturers in Horticulture Lighting Market
Horticulture lighting market also provides you with detailed market analysis for every country growth in installed base of different kind of products for horticulture lightings market, impact of technology using life line curves and changes in automobile regulatory scenarios and their impact on the Horticulture lighting market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Horticulture Lighting Market Share Analysis
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, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe horticulture lighting market.
The major players covered in the report are BSSLED manufacturing Ltd., Cropmaster LED, FORGE EUROPA, GREENS HYDROPONICS, Hortisystems UK Ltd, among other domestic and local players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In November, 2019, BMW Group made announcement of investing huge money for charging infrastructure development in Germany market. The company will form new 4,100 charging points for Germany market by 2021. Through this, the company will increase their market share in Germany region.
- In September, 2019, Daimler Trucks & Buses formed agreement with Contemporary Amperex Technology Co. Limited (CATL) for lithium-ion battery cell modules. Under the agreement CATL will supply lithium-ion battery cell modules for Daimler electric buses and trucks. Through this the company has increased their vehicle production capacity as well as offering for electric trucks and vehicles.
Such investment and partnership other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for horticulture lightings through expanded model range
Customization Available : Europe Horticulture Lighting Market
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