What is the Growth rate of the Horticulture Lighting Market?

The Horticulture Lighting Market will be projected to grow at a CAGR of 18.30% during forecast by 2029. Read More

What will be the Horticulture Lighting Market value in the future?

The Horticulture Lighting Market will be projected at USD 27,563.84 million during forecast by 2029. Read More

What is the application segment of Horticulture Lighting Market ?

On the basis of application, the Horticulture Lighting Market is segmented into Greenhouses, Vertical Farming, Indoor Farming, Others. Read More

Horticulture Lighting Market Scope, Challenges & Global Trends By 2029

Q: Who are the major players operating in the Horticulture Lighting Market ?

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), etc. Read More

Global 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. Global Horticulture Lighting Market was valued at USD 7,185.58 million in 2021 and is expected to reach USD 27,563.84 million by 2029, registering a CAGR of 18.30% 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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

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

Market Opportunities

Increase in the use of horticulture lighting in various applications

Increase in demand for advanced technologies

Increase in the use of horticulture lighting in various applications

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:

Drivers

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 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.

Recent Developments

California Lightworks launched its new MegaDrive Vertical series in February’2022 for indoor cannabis cultivators. This patented new LED system assist indoor cultivators as the technology used in greenhouses. These lights lower total installed cost while increasing investment.

Signify entered into agreement with ams OSRAM in December’2021 to acquire Austin, Texas-based Fluence for USD 272 million. This acquisition strengthens Signify’s global agricultural lighting growth platform.

Global 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

On the basis of offering, the market is segmented into hardware, software, and services. Hardware segment is dominating in the horticulture lighting market as hardware is considered to be the primary need for the deployment of horticulture lighting.

Deployment

Turnkey Solutions

Retrofit Solutions

On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share in forecast period because this offers enhanced crop yields. Thus, the enhanced crop yield through the deployment of turnkey has increases the inclination of farmers towards turnkey solution.

Lighting Type

Toplighting

Interlighting

Photoperiodic Lighting

Supplemental Lighting

Sole-Source Lighting

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 in the plant growth which helps the plant to prepare their food through artificial method.

Cultivation

Fruits

Vegetables

Floriculture

On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the market due to the rising demand of the fresh vegetable which has resulted in increased vegetable production. Furthermore, these vegetables are easily grown in the indoor farming with less water and soil requirement for its cultivation. Changes in the lifestyle mostly in developing countries are also considered as an important factor due to the growing health consciousness.

Technology

High-Intensity Discharge (HID)

Fluorescent

Others

On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has reported with highest share as it gives maximum yield by producing perfect UV rays intensity helping the crops to develop photosynthesis process resulting in better crop growth at indoor location.

Application

Greenhouses

Vertical Farming

Indoor Farming

Others

On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming and others. The indoor farming holds largest market share due to the growing demand for organic-nutritious food. Furthermore, in indoor farming, the food can be grown in large volume even in small area, which is necessary for growing urbanization.

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 U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the horticulture lighting market because of the availability of horticulture lighting products within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in consumption of food by growing population in the region.

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

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)

SKU-27308

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Global Horticulture Lighting Market – Industry Trends and Forecast to 2029

Horticulture Lighting Market Dynamics

Covid-19 Impact on Horticulture Lighting Market

Global Horticulture Lighting Market Scope and Market Size

Horticulture Lighting Market Regional Analysis/Insights

Competitive Landscape and Horticulture Lighting Market

Please fill in the below form for Infographics

Research Methodology:

Please fill in the below form for Research Methodology

Customization Available:

Please fill in the below form for Available Customization

Frequently Asked Questions

What is the Growth rate of the Horticulture Lighting Market?

What will be the Horticulture Lighting Market value in the future?

What is the application segment of Horticulture Lighting Market ?

Who are the major players operating in the Horticulture Lighting Market ?

Browse Related Reports

Browse Related Blogs

Browse Related Press Release

FOLLOW US ON

REPORTS

MARKET INSIGHT

SUPPORT

SOLUTIONS