Europe Horticulture Lighting Market – Industry Trends and Forecast to 2030

Europe Horticulture Lighting Market, By Offering (Hardware, Software, Services), Technology (Fluorescent Lamps, High Intensity Discharge Lights, LED Lights, Other), Lighting Type (Top Lighting, Inter Lighting, Photoperiodic Lighting, Supplemental Lighting, Sole-Source Lighting), Cultivation (Fruits and Vegetables, Floriculture, Cannabis), Installation Type (Turnkey, New Installations, Retrofit Installations), Application (Greenhouses, Vertical Farming, Indoor Farming, City Farming, Others) – Industry Trends and Forecast to 2030.

 Europe Horticulture Lighting Market Analysis and Size

Horticulture lighting is used in indoor farming as an additional source of light for crops in place of natural daylight. It supports and enhances the growth of the plants by giving them artificial light. Greenhouses, vertical farming, and indoor farming are just a few urban farming applications that use horticulture lighting.  LED lights are the most cutting-edge horticulture technology because they provide customers with simple installations and affordable solutions. The weather change also increases the need for horticulture lights to maintain a controlled agricultural environment. The adoption of horticulture lights like LED is anticipated to rise as more farms and food supplier’s open shop.

Data Bridge Market Research analyses that the horticulture lighting market, valued at USD 3,614.21 million in 2022, will reach USD 14,632.12 million by 2030, growing at a CAGR of 19.1% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Horticulture Lighting Market Scope and Segmentation  

Market Definition

In horticulture, artificial lighting equipment promotes plant growth when there is insufficient natural light. Professional horticulture lighting shortens or lengthens a specific growing period while also assisting plants in producing more lovely flowers, better-shaped leaves, and more fruit. Enhancing photosynthesis and providing sufficient light for plant growth. Urban agriculture, multi-layer cultivation, daylight-free cultivation, and supplemental lighting all use horticultural lighting. 

Horticulture Lighting Market Dynamics

Drivers

• Growing initiatives have created a surge in market

Many businesses have begun to assist farmers by offering financial and technical support to establish vertical farms. The market is expanding more quickly as a result of growing government initiatives and programs to promote the use of practices for controlled environment agriculture (CEA). In the predicted years, there will be a sharp increase in demand for horticulture lighting. As a result, expanding governmental, non-profit, and academic initiatives to enhance horticulture through effective and efficient lighting also accelerates the market's growth. The Dutch government focuses on the construction of a geothermal heat plant, which requires drilling into the stratum and installing heat exchangers. The government has helped the growers by offering tax exemptions and lenient loan terms, among other things.

• Urbanization will boost industry growth

The growing availability of horticulture products in urban areas is anticipated to encourage the adoption of light. The industry's growth is expected to be boosted by the increasing development and adoption of efficient and environmentally friendly lights. The growing use of horticulture lighting to meet the rising demand for food and fuel market growth.

Opportunities

• Technological advancements create expansion

Along with population growth, indoor and greenhouse farming has benefited from technological advancements. As the demand for cutting-edge lighting technologies increases, it is anticipated that the market for horticulture lighting will grow significantly. Toshiba and Panasonic have begun assisting the farmers by offering financial and technical support for creating vertical farms. These advancements in vertical farming are growing the market for horticulture lighting.

• Expansion due to ongoing fluctuation

The market has benefited from the increased use of lighting in floriculture and fruit and vegetable farming. The demand for horticulture lighting systems is growing as vertical farming applications attempt to establish effective operations. Through the ongoing fluctuation in unfavorable weather conditions for farming to maintain a controlled climate ideal for agriculture, horizontal lighting is used to expand the market.

Restraints/Challenges

• The high cost can impede the market

As more people recognize the advantages of horticulture lightning, the number of lightning devices is growing. Indoor plant cultivation makes use of a variety of artificial lighting sources. The initial investment needed to buy high-quality LED lighting is less than that required to buy more conventional lighting technologies like HID and fluorescent lamps. Each LED light features a unique horticulture-specific LED array. This typically affects market expansion and growth potential. 

• Concerns for safety can impede the market growth

The proximity of separate systems that provide light and water in many vertical farms raises the possibility of electrical shock for horticulturists and other workers. More importantly, there has long been concern about the potential biological effects of LED emission spectrum, such as Bluelight hazard and glare. For those working in vertical farms, the concentration of hundreds to thousands of LED lights could pose serious health and safety risks, further leading to market growth restriction.

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 the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2022, GE Current changed its name to expand its product line and distribution capabilities and bought Hubbell Lighting. The current name change was motivated by the acquisition. Arize horticultural lighting is one of the Hubbell and Current products that will be marketed under the Current brand. The company Current produces most horticultural lighting fixtures in Hendersonville, North Carolina. The purchase of Hubbell will aid them in overcoming supply chain difficulties. The Current claims that there has been a significant rise in demand for lighting solutions worldwide. The company is actively launching several new products to keep up with demand.
• In 2022, Signify and Perfect Plants are collaborating more on cannabis. With two new climate cells, the Philips GrowWise Control System, and dimmable Philips GreenPower LED toplighting compact grow lights, a light system that can function effectively and efficiently throughout the entire growth cycle is now available. Perfect Plants recently invested in facilities for research and production to compete for a Dutch license for the legal cultivation of cannabis. Signify offers expert knowledge and adaptable GreenPower LED systems.
• In 2022, The OSLON Optimal family of LEDs, based on the company's most recent 1mm2 chip for horticulture lighting, was introduced by AMS OSRAM GmbH of Premstatten, Austria, and Munich, Germany. It offers a combination of dependable performance, high efficiency, and value. At launch, the OSLON Optimal LEDs come in shades of Hyper Red (660nm) and Far Red (730nm). Versions in Deep Blue and Horti White will be accessible soon. Fixture manufacturers have the freedom to meet the spectral needs of any horticulture application thanks to the combination of colors and white. OSLON Optimal LEDs are particularly well suited to the horticulture lighting fixtures used in vertical farms and high-density greenhouses due to their 3.0mm x 3.0mm footprint.
• In 2022, Verjure, a professional-grade horticulture LED lighting solution, was introduced by Acuity Brands. It provides effective and reliable performance for indoor horticulture applications. The Verjure Pro Series LED luminaires were created using academic, plant-based research and are intended to support all phases of plant development, from veg to flower. To support versatility in growing, the Series is offered in three different sizes and outputs, including indoor warehouse, greenhouse, and vertical racks. The IP66-rated (waterproof listing) Verjure Pro Series LED luminaires have reliable 6kV surge protection.

Europe Horticulture Lighting Market Scope

The horticulture lighting market is segmented on the basis of offerings, technology, lighting type, cultivation, installation type, and application. The growth amongst these segments will help you analyze meagre 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

Technology

• Fluorescent Lamps
• CFL Lights
• T5
• High Intensity Discharge Lights
• MH (Metal Halide)
• HPS (High-Pressure Sodium)
• LED Lights
• Other
• Xenon
• Plasma
• Induction ligting

Lighting Type

• Top Lighting
• Inter Lighting
• Photoperiodic Lighting
• Supplemental Lighting
• Sole-Source Lighting

Cultivation

• Fruits & Vegetables
• Floriculture
• Cannabis

Installation Type

• Turnkey
• New Installations
• Retrofit Installations

Application

• Greenhouses
• Vertical Farming
• Indoor Farming
• City Farming
• Others

Research and tissue culture application

Horticulture Lighting Market Regional Analysis/Insights

The horticulture lighting market is analysed and market size insights and trends are provided by offerings, deployment, technology, lighting type, cultivation, installation type, and application as referenced above.

The countries covered in the horticulture lighting market report are France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe

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 Horticulture Lighting Market Share Analysis

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)
• UPSHINE Lighting (China)
• TESLUX Lighting s.r.o. (Czechia)
• Hortisystems UK Ltd (U.K.)
• Ronfell Group (U.K.)
• General Electric (U.S.)
• Agrolux (Netherlands)
• Samsung (South Korea)
• Hortilux Schréder (Netherlands)
• ams-OSRAM International GmbH.(Germany)
• Signify Holding (Netherlands)
• Forge Europa (U.K.)
• TE Connectivity (Switzerland)
• Cree LED (U.S.)
• Valoya (Finland)
• EVERLIGHT ELECTRONICS CO., LTD. (Taiwan)
• Gavita (Netherlands)