Horticulture Lighting Market By Size, Growth, Trends and Forecast 2018-2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 6.19 billion
CAGR (2023-2028)	17.49%
Fastest Growing Segment	High-Power Horticulture Lightings
Largest Market	Asia Pacific

Market Overview

Global Horticulture Lighting market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2028. The market was valued at USD 6.19 billion in 2022 and is projected to register a compound annual growth rate of 17.49% during the forecast period. Over the last decade, the global Horticulture Lighting market has experienced substantial growth, propelled by its widespread adoption across diverse industry verticals. Sectors such as manufacturing, healthcare, transportation, and logistics have recognized the inherent value of Horticulture Lighting solutions in acquiring and analyzing operational data, particularly in demanding environmental conditions. Companies have made significant investments in advanced Horticulture Lighting technologies to meet analytical demands and enhance operational efficiency, particularly in environments susceptible to wet and humid conditions. Leading providers have introduced innovative solutions with enhanced capabilities, including wireless connectivity, real-time data visualization, and scalable data infrastructure. These advancements enable automation, foster the generation of strategic insights, and offer recommendations for effective performance monitoring.

The deployment of Horticulture Lighting solutions enables business leaders to ensure precise data capture even in challenging conditions, extracting maximum value and streamlining operations. Collaborations with specialists across various sectors have resulted in the development of tailored solutions aligned with unique analytical requirements and strategic objectives, particularly in applications related to water environments. The growing emphasis on evidence-based decision-making amplifies the demand for cameras proficient in capturing high-quality visual data in diverse environmental conditions. The integration of transformative technologies like the Internet of Things (IoT), sensors, and analytics platforms has revolutionized the capabilities of Horticulture Lightings. The market's proficiency in supporting end-to-end data workflows, encompassing large-scale, high-quality visual data collection in wet conditions, stands as a cornerstone for its enduring prospects. As the need for precise and efficient data capture and analytics continues to rise across industries operating in challenging wet environments, the Horticulture Lighting Market is poised to maintain its positive trajectory well into the foreseeable future.

Key Market Driver

Increasing Demand for Controlled Environment Agriculture (CEA)

The Horticulture Lighting industry is being significantly propelled by the escalating demand for Controlled Environment Agriculture (CEA) practices. As the global population burgeons and arable land diminishes, the need for efficient and sustainable farming methods intensifies. Controlled environment agriculture, facilitated by advanced Horticulture Lighting solutions, allows for year-round crop cultivation, independent of external climatic conditions. This demand is particularly pronounced in urban areas where space is limited, and traditional farming may be impractical. Horticulture Lighting enables precision control over light spectra, intensity, and duration, mimicking optimal natural conditions for plant growth. This trend aligns with the broader movement toward sustainable and resource-efficient agricultural practices, driving the uptake of Horticulture Lighting solutions across diverse cultivation environments.

Advancements in LED Technology and Energy Efficiency

The rapid advancements in Light Emitting Diode (LED) technology constitute a pivotal driver propelling the growth of the Horticulture Lighting Market. LED lights have emerged as the preferred technology for horticultural applications due to their energy efficiency, longevity, and spectral tunability. Manufacturers have continually refined LED designs, enhancing efficiency, reducing heat emissions, and expanding the range of customizable light spectra. The energy-efficient nature of LED-based Horticulture Lighting not only reduces operational costs for growers but also aligns with global initiatives promoting sustainable practices. As energy efficiency becomes a paramount concern for businesses across industries, the adoption of advanced LED-based Horticulture Lighting solutions gains momentum, further driving the growth of the market.

Growing Adoption of Indoor Farming and Vertical Agriculture

The increasing adoption of indoor farming and vertical agriculture practices is a significant driver shaping the trajectory of the Horticulture Lighting Market. Urbanization, coupled with changing consumer preferences for locally sourced, fresh produce, has driven the need for innovative farming solutions. Horticulture Lighting plays a pivotal role in indoor farming setups and vertical agriculture systems by providing the essential light spectrum for photosynthesis, enabling year-round cultivation in controlled environments. This trend is particularly prominent in densely populated urban areas where traditional farming is constrained by limited space. Horticulture Lighting facilitates the optimization of plant growth conditions, enabling farmers to achieve higher yields and better-quality produce in compact spaces. The burgeoning popularity of indoor farming and vertical agriculture as sustainable, resource-efficient alternatives to traditional agriculture is a key driver fueling the demand for advanced Horticulture Lighting solutions globally..

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Key Market Challenges

Complexity in Spectrum Management and Plant-Specific Requirements

One of the prominent challenges faced by the Horticulture Lighting Market stems from the complexity in spectrum management and the unique light requirements of different plant species. Plants exhibit varying responses to different light wavelengths, and achieving optimal growth conditions necessitates a nuanced understanding of each species' specific needs. The challenge lies in developing Horticulture Lighting solutions that offer customizable and precise spectral control to cater to the diverse requirements of different crops. Managing the complexity of spectrum management becomes even more critical when considering mixed-crop environments where various plants with distinct light preferences coexist. This challenge extends to ensuring that Horticulture Lighting solutions can be seamlessly adapted to the intricacies of multilayer cultivation systems, providing uniform light distribution across different layers. Manufacturers and developers in the Horticulture Lighting Market need to address this challenge by investing in research and development to create sophisticated lighting systems capable of meeting the precise spectral demands of a wide array of plant species, thus ensuring optimal growth and yield outcomes for growers.

High Initial Capital Investment and Operational Costs

Another significant challenge impeding the widespread adoption of advanced Horticulture Lighting solutions is the high initial capital investment and operational costs associated with implementing these technologies. While the long-term benefits in terms of increased crop yields, accelerated growth cycles, and resource efficiency are evident, the upfront costs can pose a barrier, especially for smaller-scale growers or those in regions with limited financial resources. The acquisition and installation of high-quality Horticulture Lighting systems, particularly those incorporating cutting-edge technologies such as adjustable spectrum LEDs, can require substantial capital investment. Additionally, the operational costs, including electricity for lighting and maintenance expenses, contribute to the total cost of ownership. Overcoming this challenge requires concerted efforts from stakeholders in the Horticulture Lighting Market to develop more cost-effective solutions, explore financing options, and educate growers about the long-term returns on investment. Strategic partnerships and collaborations in the industry can also play a crucial role in driving down costs through economies of scale and shared research and development initiatives. As the market matures and technologies evolve, addressing the challenge of high initial capital and operational costs becomes integral to expanding the accessibility of Horticulture Lighting solutions to a broader spectrum of growers globally.

Key Market Trends

Advancements in Spectral Control Technologies

A prominent trend shaping the Horticulture Lighting landscape is the continuous advancements in spectral control technologies. The market is witnessing a surge in research and development efforts aimed at refining and expanding the capabilities of Horticulture Lighting systems to provide precise and customizable spectral outputs. This trend is driven by the recognition that different plant species have distinct responses to specific light wavelengths, influencing factors such as growth rates, flowering, and nutrient absorption. Manufacturers are investing in innovative technologies, including adjustable spectrum LEDs, to offer growers the flexibility to tailor light conditions to the unique requirements of various crops. The integration of smart controls and automation further enhances spectral control, allowing for dynamic adjustments based on growth stages and environmental conditions. As growers increasingly seek optimal efficiency and crop quality, the evolution of spectral control technologies stands out as a defining trend in the Horticulture Lighting Market.

Adoption of Light Recipe Strategies for Crop Optimization

A notable trend gaining traction in the Horticulture Lighting Market is the widespread adoption of light recipe strategies for crop optimization. Growers are moving beyond conventional approaches to lighting and embracing tailored light recipes that align with specific plant growth objectives. This trend involves designing optimal combinations of light intensity, duration, and spectra throughout different growth stages to maximize crop yields, enhance flavor profiles, and promote overall plant health. Horticulture Lighting providers are responding to this trend by offering customizable lighting solutions and providing guidance on the development of effective light recipes. The integration of data analytics and machine learning into Horticulture Lighting systems further enables growers to refine and personalize light recipes based on real-time performance data and environmental variables. This trend reflects a shift towards precision agriculture, where data-driven insights play a pivotal role in achieving the desired outcomes in crop cultivation.

Sustainability and Energy Efficiency Initiatives

In response to the global focus on sustainability and environmental responsibility, the Horticulture Lighting Market is witnessing a pronounced trend towards sustainability and energy efficiency initiatives. Growers and industry stakeholders are increasingly recognizing the ecological impact of horticultural practices and are seeking energy-efficient lighting solutions to minimize the carbon footprint. LED technology, known for its energy efficiency and long lifespan, has become a cornerstone in aligning Horticulture Lighting with sustainability goals. Additionally, manufacturers are developing fixtures and systems with advanced thermal management to reduce energy consumption and enhance overall efficiency. The integration of renewable energy sources, such as solar power, into Horticulture Lighting setups is gaining momentum, contributing to more eco-friendly cultivation practices. This trend reflects the industry's commitment to balancing the need for increased food production with responsible environmental stewardship, making sustainability a key driver in the evolution of the Horticulture Lighting Market...

Segmental Insights

By Product Type Insights

In 2022, the LED Grow Lights segment emerged as the dominant force in the Horticulture Lighting Market, capturing a substantial market share and exhibiting a trajectory indicative of its continued dominance during the forecast period. LED Grow Lights have witnessed widespread adoption across the horticulture industry due to their unparalleled advantages in energy efficiency, customizable spectral output, and long operational lifespan. Growers globally recognize the pivotal role of LED technology in providing tailored light spectra essential for optimizing plant growth, development, and yield. The efficiency of LED Grow Lights in delivering specific wavelengths suitable for photosynthesis, coupled with their ability to minimize energy consumption and heat generation, positions them as the preferred choice for indoor and greenhouse cultivation. As sustainability becomes a focal point in agricultural practices, the eco-friendly profile of LED Grow Lights further enhances their market dominance. Despite the presence of alternative technologies such as High-Intensity Discharge (HID) Lights, Fluorescent Lights, and other traditional lighting solutions, the LED Grow Lights segment's technological advancements, cost-effectiveness, and adaptability to various horticultural applications establish it as the frontrunner in shaping the present and future landscape of the Horticulture Lighting Market. The forecasted period anticipates the continued dominance of LED Grow Lights as growers increasingly prioritize precision in light spectra, energy efficiency, and sustainability, solidifying LED technology's pivotal role in driving innovation and growth within the Horticulture Lighting Market.

By Spectrum Insights

In 2022, the High-Power Horticulture Lightings segment emerged as the dominant force in the Horticulture Lighting Market, and it is poised to maintain its supremacy throughout the forecast period. High-Power Horticulture Lightings, characterized by their robust output and versatility, garnered substantial market share due to their ability to cater to the diverse needs of modern horticulture. These lighting solutions provide higher intensity and a broader spectrum, ensuring optimal conditions for various plant species at different growth stages. As horticultural practices evolve towards more controlled and specialized cultivation, the demand for High-Power Horticulture Lightings has surged, driven by their capacity to cover larger cultivation areas and deliver intense illumination required for crops with higher light requirements. The dynamic adaptability of High-Power Horticulture Lightings to different cultivation environments, including indoor farms and greenhouse setups, has contributed to their market dominance. Growers prioritize these solutions for their efficiency in promoting photosynthesis, influencing flowering patterns, and enhancing overall crop yields. The trend towards larger-scale, commercial horticulture operations further cements the position of High-Power Horticulture Lightings as the preferred choice among growers globally. Despite the availability of Low-Power and Medium-Power alternatives, the distinctive advantages offered by High-Power Horticulture Lightings in supporting high-intensity crop cultivation and ensuring consistent, quality yields position them as the driving force in shaping the current and future landscape of the Horticulture Lighting Market. The forecasted period anticipates a sustained preference for High-Power Horticulture Lightings, reflecting the industry's commitment to precision agriculture and the pursuit of maximum efficiency in commercial horticulture endeavors..

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Regional Insights

In 2022, the Asia-Pacific region emerged as the dominant force in the Horticulture Lighting Market and is poised to maintain its dominance throughout the forecast period. The Asia-Pacific region, encompassing countries such as China, Japan, India, and Southeast Asian nations, exhibited robust growth in horticulture practices and witnessed extensive adoption of advanced lighting technologies for crop cultivation. The region's dominance is attributed to the substantial expansion of commercial horticulture operations, increasing awareness of controlled environment agriculture, and the adoption of precision farming techniques. In particular, countries like China and Japan have witnessed a surge in vertical farming and greenhouse cultivation, driving the demand for efficient and technologically advanced Horticulture Lighting solutions. The supportive regulatory environment, coupled with initiatives promoting sustainable agriculture, has further accelerated the adoption of these technologies in the region. The Asia-Pacific's dominance is characterized by the integration of innovative lighting solutions in traditional farming practices and the establishment of modern, technology-driven horticulture facilities. As the demand for locally sourced, high-quality produce continues to rise, the region's commitment to enhancing agricultural productivity and sustainability positions it at the forefront of the global Horticulture Lighting Market. The forecasted period anticipates the continued dominance of the Asia-Pacific region, as it remains a focal point for advancements in horticulture practices, driven by a burgeoning population, urbanization trends, and the imperative to ensure food security through technologically advanced cultivation methods.

Recent Developments

Signify (Philips) launched a new horticulture lighting fixture utilizing their Greenpower LEDs. It delivers high light output for indoor crop growth.
Osram introduced an LED interlighting solution for vertical farming and greenhouse applications. It claims 30% higher yields.
GE Current, a division of GE Lighting, debuted a new programmable horticulture lighting system for research and cultivation.
Heliospectra AB unveiled a new modular LED lighting solution for controlled environment agriculture and research. It supports various lighting recipes.
Lumileds showcased new top-lighting LED solutions for greenhouse applications, including fruit and vegetable crops.
Hortilux Schréder launched a Bluetooth-enabled horticulture lighting system with individual light control per zone.

Key Market Players

Signify N.V
Lumileds Holding B.V
CURRENT, POWERED BY GE
GAVITA B.V
Lumileds Holding B.V
Heliospectra AB
Hortilux Schréde
Illumitex Inc
Urban Crop Solutions
SafeAgrotech

By Product Type	By Spectrum	By End User	By Region
LED Grow Lights High-Intensity Discharge (HID) Lights Fluorescent Lights Others	Full Spectrum Partial Spectrum	Commercial Greenhouses Vertical Farms Research & Educational Institutes Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Horticulture Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Horticulture Lighting Market, By Product Type:

o LED Grow Lights

o High-Intensity Discharge (HID) Lights

o Fluorescent Lights

o Others

Horticulture Lighting Market, By Spectrum:

o Full Spectrum

o Partial Spectrum

Horticulture Lighting Market, By End User:

o Commercial Greenhouses

o Vertical Farms

o Research & Educational Institutes

o Others

Horticulture Lighting Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Horticulture Lighting Market.

Available Customizations:

Global Horticulture Lighting Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Horticulture Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Types of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Horticulture Lighting Market Overview

6. Global Horticulture Lighting Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type (LED Grow Lights, High-Intensity Discharge (HID) Lights. Fluorescent Lights, Others

6.2.2. By Spectrum (Low-Power Horticulture Lightings, Medium-Power Horticulture Lightings, High-Power Horticulture Lightings)

6.2.3. By End User (Commercial Greenhouses, Vertical Farms, Research & Educational Institutes, Others)

6.2.4. By Region

6.3. By Company (2022)

6.4. Market Map

7. North America Horticulture Lighting Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Spectrum

7.2.3. By End User

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Horticulture Lighting Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Spectrum

7.3.1.2.3. By End User

7.3.2. Canada Horticulture Lighting Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Spectrum

7.3.2.2.3. By End User

7.3.3. Mexico Horticulture Lighting Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Spectrum

7.3.3.2.3. By End User

8. Europe Horticulture Lighting Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Spectrum

8.2.3. By End User

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Horticulture Lighting Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Spectrum

8.3.1.2.3. By End User

8.3.2. United Kingdom Horticulture Lighting Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Spectrum

8.3.2.2.3. By End User

8.3.3. Italy Horticulture Lighting Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecasty

8.3.3.2.1. By Product Type

8.3.3.2.2. By Spectrum

8.3.3.2.3. By End User

8.3.4. France Horticulture Lighting Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Spectrum

8.3.4.2.3. By End User

8.3.5. Spain Horticulture Lighting Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Spectrum

8.3.5.2.3. By End User

9. Asia-Pacific Horticulture Lighting Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Spectrum

9.2.3. By End User

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Horticulture Lighting Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Spectrum

9.3.1.2.3. By End User

9.3.2. India Horticulture Lighting Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Spectrum

9.3.2.2.3. By End User

9.3.3. Japan Horticulture Lighting Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Spectrum

9.3.3.2.3. By End User

9.3.4. South Korea Horticulture Lighting Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product Type

9.3.4.2.2. By Spectrum

9.3.4.2.3. By End User

9.3.5. Australia Horticulture Lighting Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product Type

9.3.5.2.2. By Spectrum

9.3.5.2.3. By End User

10. South America Horticulture Lighting Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Spectrum

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Horticulture Lighting Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Spectrum

10.3.1.2.3. By End User

10.3.2. Argentina Horticulture Lighting Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Spectrum

10.3.2.2.3. By End User

10.3.3. Colombia Horticulture Lighting Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Spectrum

10.3.3.2.3. By End User

11. Middle East and Africa Horticulture Lighting Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Spectrum

11.2.3. By End User

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Horticulture Lighting Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Type

11.3.1.2.2. By Spectrum

11.3.1.2.3. By End User

11.3.2. Saudi Arabia Horticulture Lighting Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Type

11.3.2.2.2. By Spectrum

11.3.2.2.3. By End User

11.3.3. UAE Horticulture Lighting Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product Type

11.3.3.2.2. By Spectrum

11.3.3.2.3. By End User

11.3.4. Kuwait Horticulture Lighting Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product Type

11.3.4.2.2. By Spectrum

11.3.4.2.3. By End User

11.3.5. Turkey Horticulture Lighting Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Product Type

11.3.5.2.2. By Spectrum

11.3.5.2.3. By End User

11.3.6. Egypt Horticulture Lighting Market Outlook

11.3.6.1. Market Size & Forecast

11.3.6.1.1. By Value

11.3.6.2. Market Share & Forecast

11.3.6.2.1. By Product Type

11.3.6.2.2. By Spectrum

11.3.6.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Signify N.V

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2. Lumileds Holding B.V

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3. CURRENT, POWERED BY GE

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4. GAVITA B.V

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5. Lumileds Holding B.V

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6. Urban Crop Solutions

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7. Heliospectra AB

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8. Hortilux Schréde

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9. Illumitex Inc.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

14.10. SafeAgrotech

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel/Key Contact Person

14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Horticulture Lighting Market in 2022?

The market size of the Global Horticulture Lighting Market was USD 6.19 billion in 2022.

Which was the dominant segment By Spectrum in the Global Horticulture Lighting Market in 2022?

The dominant segment By Spectrum in the Global Horticulture Lighting Market in 2022 was " partial spectrum lights”.

Which is the dominant region in the Global Horticulture Lighting Market?

The dominant region in the Global Horticulture Lighting Market is Asia Pacific.

What are the major drivers for the Global Horticulture Lighting Market?

The major drivers for the Global Horticulture Lighting Market include the increasing adoption of controlled environment agriculture, rising demand for year-round cultivation, and the efficacy of advanced lighting technologies in optimizing plant growth and yield.

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Horticulture Lighting Market is expected to register a CAGR of 17.49% during the forecast period

Jan, 2024

Horticulture Lighting is increasing due to growing demand for indoor vertical farming solutions. in the forecast period, 2024-2028.

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