Horticulture Lighting Market Research Report: By Technology (High Intensity Discharge Light, LED light, Florescent Lighting, Others), Lighting Type (Top-Lighting, Inter-Lighting), Cultivation (Fruits & Vegetables, Floriculture), Application (Greenhouse, Vertical Farming, Indoor Farming, Others), By Region (North America, Europe, Asia-Pacific, Middle East and Africa and Central & South America) - Forecast till 2030
ID: MRFR/SEM/6369-CR | March 2021 | Region: Global | 159 Pages
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECASTING TECHNIQUES
3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 RAPID POPULATION GROWTH AND AVAILABILITY OF LIMITED AGRICULTURAL LAND
4.2.2 INCREASED IN YEAR-ROUND HIGH-QUALITY YIELD
4.2.3 GOVERNMENT INVESTMENTS AND INITIATIVES
4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 HIGH CAPITAL COST ASSOCIATED WITH LED GROW LIGHT TECHNOLOGIES
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 ADOPTION OF VERTICAL AND INDOOR FARMING
4.5 CHALLENGES
4.5.1 LACK OF STANDARD TESTING PRACTICES FOR ACCESSING PRODUCT QUALITY OF HORTICULTURE LIGHTS AND THEIR FIXTURES
4.6 IMPACT ANALYSIS OF COVID-19
4.6.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS
4.6.2 IMPACT ON COMPONENT MANUFACTURERS
4.6.3 IMPACT ON DEVICE MANUFACTURERS
4.6.4 IMPACT ON SUPPLY CHAIN DELAYS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.2 PORTERS FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTE
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 RIVALRY
6 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
6.1 OVERVIEW
6.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
6.3 FLUORESCENT LIGHTING
6.4 HIGH INTENSITY DISCHARGE
6.5 LED
7 GLOBAL HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
7.1 OVERVIEW
7.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
7.3 TOP-LIGHTING
7.4 INTER-LIGHTING
8 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION
8.1 OVERVIEW
8.2 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
8.3 FRUITS & VEGETABLES
8.4 FLORICULTURE
9 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION
9.1 OVERVIEW
9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
9.3 GREENHOUSE
9.4 VERTICAL FARMING
9.5 INDOOR FARMING
9.6 OTHERS
10 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION
10.1 OVERVIEW
10.2 MARKET ESTIMATES AND FORECAST, BY REGION, 2020-2027
10.3 NORTH AMERICA
10.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020-2027
10.3.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.3.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.3.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.3.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.3.6 US
10.3.6.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.3.6.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.3.6.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.3.6.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.3.7 CANADA
10.3.7.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.3.7.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.3.7.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.3.7.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.3.8 MEXICO
10.3.8.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.3.8.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.3.8.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.3.8.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4 EUROPE
10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020-2027
10.4.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.6 UK
10.4.6.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.6.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.6.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.6.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.7 GERMANY
10.4.7.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.7.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.7.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.7.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.8 FRANCE
10.4.8.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.8.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.8.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.8.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.9 ITALY
10.4.9.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.9.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.9.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.9.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.10 SPAIN
10.4.10.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.10.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.10.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.10.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.4.11 REST OF EUROPE
10.4.11.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.4.11.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.4.11.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.4.11.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5 ASIA-PACIFIC
10.5.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020-2027
10.5.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.6 CHINA
10.5.6.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.6.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.6.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.6.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.7 JAPAN
10.5.7.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.7.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.7.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.7.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.8 INDIA
10.5.8.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.8.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.8.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.8.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.9 TAIWAN
10.5.9.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.9.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.9.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.9.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.10 SOUTH KOREA
10.5.10.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.10.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.10.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.10.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.5.11 REST OF ASIA-PACIFIC
10.5.11.1 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.5.11.2 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.5.11.3 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.5.11.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.6 MIDDLE EAST & AFRICA
10.6.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020-2027
10.6.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.6.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.6.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.6.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
10.7 SOUTH AMERICA
10.7.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020-2027
10.7.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2020-2027
10.7.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2020-2027
10.7.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2020-2027
10.7.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2020-2027
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW
11.2 COMPETITIVE BENCHMARKING
11.3 MAJOR GROWTH STRATEGY IN HORTICULTURE LIGHTING MARKET
11.4 DASHBOARD: THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
11.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENTS
11.5.2 PARTNERSHIPS/COLLABORTIONS/CONTRACTS
12 COMPANY PROFILES
12.1 BRIDGELUX, INC.
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 LUMIGROW, INC.
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS OFFERED
12.2.4 KEY DEVELOPMENTS
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 EYE HORTILUX
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 MAXIGROW LTD
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 SIGNIFY HOLDING (PHILIPS LIGHTING)
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 GE LIGHTING
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 HORTILUX SCHREDER
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.7.4 KEY DEVELOPMENTS
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES
12.8 OSRAM LICHT AG
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.8.4 KEY DEVELOPMENTS
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 GAVITA INTERNATIONAL BV.
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.9.4 KEY DEVELOPMENTS
12.9.5 SWOT ANALYSIS
12.9.6 KEY STRATEGIES
12.1 LUMILEDS HOLDING BV
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.10.4 KEY DEVELOPMENTS
12.10.5 SWOT ANALYSIS
12.11 HUBBELL LIGHTING
12.11.1 COMPANY OVERVIEW
12.11.2 FINANCIAL OVERVIEW
12.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.11.4 KEY DEVELOPMENTS
12.11.5 SWOT ANALYSIS
12.12 AGROLUX
12.12.1 COMPANY OVERVIEW
12.12.2 FINANCIAL OVERVIEW
12.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.12.4 KEY DEVELOPMENTS
12.12.5 SWOT ANALYSIS
12.13 PARSOURCE
12.13.1 COMPANY OVERVIEW
12.13.2 FINANCIAL OVERVIEW
12.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.13.4 KEY DEVELOPMENTS
12.13.5 SWOT ANALYSIS
12.14 ILLUMITEX
12.14.1 COMPANY OVERVIEW
12.14.2 FINANCIAL OVERVIEW
12.14.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.14.4 KEY DEVELOPMENTS
12.14.5 SWOT ANALYSIS
12.15 HELIOSPECTRA AB
12.15.1 COMPANY OVERVIEW
12.15.2 FINANCIAL OVERVIEW
12.15.3 PRODUCTS OFFERED
12.15.4 KEY DEVELOPMENTS
12.15.5 SWOT ANALYSIS
12.15.6 KEY STRATEGIES
13 LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS & LIMITATIONS
TABLE 2 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 3 GLOBAL HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 4 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 5 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 6 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, 2020-2027 (USD MILLION)
TABLE 7 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 8 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 9 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 10 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 11 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 12 US: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 13 US: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 14 US: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 15 US: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 16 CANADA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 17 CANADA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 18 CANADA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 19 CANADA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 20 MEXICO: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 21 MEXICO: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 22 MEXICO: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 23 MEXICO: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 24 EUROPE: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 25 EUROPE: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 26 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 27 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 28 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 29 UK: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 30 UK: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 31 UK: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 32 UK: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 33 GERMANY: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 34 GERMANY: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 35 GERMANY: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 36 GERMANY: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 37 FRANCE: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 38 FRANCE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 39 FRANCE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 40 FRANCE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 41 ITALY: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 42 ITALY: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 43 ITALY: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 44 ITALY: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 45 SPAIN: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 46 SPAIN: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 47 SPAIN: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 48 SPAIN: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 49 REST OF EUROPE: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 50 REST OF EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 51 REST OF EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 52 REST OF EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 53 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 54 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 55 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 56 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 57 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 58 CHINA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 59 CHINA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 60 CHINA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 61 CHINA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 62 JAPAN: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 63 JAPAN: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 64 JAPAN: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 65 JAPAN: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 66 INDIA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 67 INDIA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 68 INDIA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 69 INDIA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 70 TAIWAN: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 71 TAIWAN: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 72 TAIWAN: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 73 TAIWAN: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 74 SOUTH KOREA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 75 SOUTH KOREA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 76 SOUTH KOREA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 77 SOUTH KOREA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 78 REST OF ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 79 REST OF ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 80 REST OF ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 81 REST OF ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 82 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 83 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 84 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 85 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 86 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 87 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 88 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 89 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020-2027 (USD MILLION)
TABLE 90 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020-2027 (USD MILLION)
TABLE 91 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
TABLE 92 DASHBOARD: THE MOST ACTIVE PLAYER IN HORTICULTURE LIGHTING MARKET
TABLE 93 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
TABLE 94 PARTNERSHIPS /COLLABORTIONS/CONTRACTS
TABLE 95 BRIDGELUX, INC. PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 96 LUMIGROW, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 97 LUMIGROW, INC. KEY DEVELOPMENTS
TABLE 98 EYE HORTILUX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 99 EYE HORTILUX KEY DEVELOPMENTS
TABLE 100 MAXIGROW LTD: PRODUCTS OFFERED
TABLE 101 SIGNIFY HOLDING. (PHILIPS LIGHTING): PRODUCTS OFFERINGS
TABLE 102 SIGNIFY HOLDING. (PHILIPS LIGHTING): KEY DEVELOPMENTS
TABLE 103 GE LIGHTING: PRODUCTS OFFERINGS
TABLE 104 HORTILUX SCHREDER: PRODUCTS OFFERINGS
TABLE 105 HORTILUX SCHREDER: KEY DEVELOPMENTS
TABLE 106 OSRAM LICHT AG: PRODUCTS OFFERINGS
TABLE 107 OSRAM LICHT AG: KEY DEVELOPMENTS
TABLE 108 GAVITA INTERNATIONAL BV: PRODUCTS OFFERINGS
TABLE 109 LUMILEDS HOLDING BV.: PRODUCTS OFFERINGS
TABLE 110 LUMILEDS HOLDING BV: KEY DEVELOPMENTS
TABLE 111 HUBBELL LIGHTING: PRODUCTS OFFERINGS
TABLE 112 HUBBELL LIGHTING: KEY DEVELOPMENTS
TABLE 113 AGROLUX: PRODUCTS OFFERINGS
TABLE 114 AGROLUX: KEY DEVELOPMENTS
TABLE 115 PARSOURCE: PRODUCTS OFFERINGS
TABLE 116 ILLUMITEX: PRODUCTS OFFERINGS
TABLE 117 ILLUMITEX: KEY DEVELOPMENTS
TABLE 118 HELIOSPECTRA AB: PRODUCTS OFFERED
TABLE 119 HELIOSPECTRA AB: KEY DEVELOPMENTS
14 LIST OF FIGURES
FIGURE 1 GLOBAL HORTICULTURE LIGHTING MARKET OVERVIEW, BY REGION, 2020
FIGURE 2 MARKET SYNOPSIS
FIGURE 3 GLOBAL HORTICULTURE LIGHTING MARKET STRUCTURE
FIGURE 4 RESEARCH PROCESS OF MRFR
FIGURE 5 MARKET DYNAMICS ANALYSIS OF GLOBAL HORTICULTURE LIGHTING MARKET
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL HORTICULTURE LIGHTING MARKET
FIGURE 7 RESTRAINT IMPACT ANALYSIS: GLOBAL HORTICULTURE LIGHTING MARKET
FIGURE 8 HORTICULTURE LIGHTING MARKET: VALUE CHAIN ANALYSIS
FIGURE 9 PORTERS FIVE FORCES ANALYSIS
FIGURE 10 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 (% SHARE)
FIGURE 11 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 12 GLOBAL HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 (% SHARE)
FIGURE 13 GLOBAL HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 14 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 (% SHARE)
FIGURE 15 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 16 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 (% SHARE)
FIGURE 17 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 18 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, 2020 VS 2027 (USD MILLION)
FIGURE 19 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, 2020 (%)
FIGURE 20 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)
FIGURE 21 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 (%)
FIGURE 22 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 23 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 24 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 25 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 26 EUROPE: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)
FIGURE 27 EUROPE: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 (%)
FIGURE 28 EUROPE: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 29 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 30 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 31 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 32 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)
FIGURE 33 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 (%)
FIGURE 34 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 35 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 36 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 37 ASIA-PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 38 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)
FIGURE 39 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 (%)
FIGURE 40 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 41 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 42 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 43 MIDDLE EAST & AFRICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 44 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION)
FIGURE 45 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020 (%)
FIGURE 46 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020 VS 2027 (USD MILLION)
FIGURE 47 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020 VS 2027 (USD MILLION)
FIGURE 48 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020 VS 2027 (USD MILLION)
FIGURE 49 SOUTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION)
FIGURE 50 BENCHMARKING OF MAJOR COMPETITORS
FIGURE 51 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN HORTICULTURE LIGHTING MARKET
FIGURE 52 BRIDGELUX, INC.: SWOT ANALYSIS
FIGURE 53 LUMIGROW, INC.: SWOT ANALYSIS
FIGURE 54 EYE HORTILUX: SWOT ANALYSIS
FIGURE 55 MAXIGROW LTD: SWOT ANALYSIS
FIGURE 56 SIGNIFY HOLDING. (PHILIPS LIGHTING): FINANCIAL OVERVIEW SNAPSHOT
FIGURE 57 SIGNIFY HOLDING. (PHILIPS LIGHTING): SWOT ANALYSIS
FIGURE 58 GE LIGHTING: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 59 GE LIGHTING: SWOT ANALYSIS
FIGURE 60 HORTILUX SCHREDER: SWOT ANALYSIS
FIGURE 61 OSRAM LICHT AG: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 62 OSRAM LICHT AG: SWOT ANALYSIS
FIGURE 63 GAVITA INTERNATIONAL BV: SWOT ANALYSIS
FIGURE 64 LUMILEDS HOLDING BV: SWOT ANALYSIS
FIGURE 65 HUBBELL LIGHTING: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 66 HUBBELL LIGHTING: SWOT ANALYSIS
FIGURE 67 AGROLUX: SWOT ANALYSIS
FIGURE 68 PARSOURCE: SWOT ANALYSIS
FIGURE 69 ILLUMITEX: SWOT ANALYSIS
FIGURE 70 HELIOSPECTRA AB: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 71 HELIOSPECTRA AB: SWOT ANALYSIS
Horticulture Lighting Market
Horticulture Lighting Market size is projected to expand at a compound annual growth rate (CAGR) of 23.1 percent by 2030
$16.41 Billion
Market Size
23.1%
CAGR
North America
Dominating Region
2020-2030
Forecast Period
Segmentation
Key Players
- Bridgelux Inc. (US)
- LumiGrow Inc. (US)
- EYE Hortilux (US)
- Maxigrow Ltd (UK)
- Signify Holding (Philips Lighting) (The Netherlands)
- GE Lighting (US)
- Hortilux Schreder (The Netherlands)
- Osram Licht AG (Germany)
- Gavita International BV (The Netherlands)
- Lumileds (US)
- Hubbell Lighting (US)
- Agrolux (The Netherlands)
- PARsource (US)
- Illumitex (US)
- Heliospectra AB (Sweden)
Drivers
- Rapid population growth
- Availability of limited agricultural land
- Government investments and initiatives
Horticulture Lighting Market Overview
The Horticulture Lighting Market size is projected to expand at a compound annual growth rate (CAGR) of 23.1 percent, indicating significant growth during the forecast period. By 2030, the Horticulture Lighting Market is projected to grow to a value of USD 16.41 billion, from a current value of USD 2,928.6 million in 2019. Agriculture's area of plant science that deals with gardening crops such as fruit, veggies, and decorative plants is known as horticulture. Horticulture lighting is an artificial light source that is used to aid in the process of photosynthesis in plants. This procedure is particularly beneficial in regions where there is a shortage of enough sunshine. Without sunshine or any other light source necessary for photosynthesis, the plants become stunted and unable to reproduce. According to industry analysts, the advantages of producing crops all year round via the technique of horticulture lighting will have major implications for the horticulture lighting business. Indoor horticulture, plant multiplication, and food security are all possible with the use of grow lights.
Rapid population expansion and urbanization, decreasing water resources, and ongoing climate change as a result of increased greenhouse gas emissions have all contributed to decreased arable land reserves per person. As agricultural land becomes scarcer, policymakers are confronted with issues of sustainability and feeding the world's fast increasing population, which is expected to reach roughly 9.6 billion by 2050. Urban agriculture, greenhouses farming, and vertical farming are all examples of solutions for increasing future food production since they rely on increased technology and automation to make the most use of available land and water. Food production technology aspires to substantially improve production while minimizing environmental impact within the confines of urban, weather high-rise structures. Such facilities, it is said, provide many potential benefits, including a clean and green supply of food, biosecurity, resistance to pests and droughts, and decreased reliance on transportation and fossil fuels.
Horticulture Lighting Market report contains all the information on the Horticulture Lighting Market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the Horticulture Lighting Market forecast for 2030 is also included in the report.
Covid 19 Analysis
Due to various overstock in the sector in recent years, the coronavirus pandemic has had very little effect on the industry. During the China shutdowns, only the packaging industry suffered from a shortage of labor to a limited extent. As a result, it is unlikely that the LED industry's ecology and supply chain structure will alter much in the near future.
Horticulture Lighting Market Dynamics
- Drivers
It is anticipated that the horticulture lighting market would expand significantly in the next years, owing to an increase in demand for sophisticated lighting technologies and products. The production of fruits and vegetables, as well as floriculture, are other applications for these lights that are anticipated to spur market expansion. Furthermore, the need for horticultural lighting systems in vertical farming applications is increasing, which further encourages the producers of vertical farming to build up effective management, thus supporting the market's development.
- Opportunities
The fast population expansion and accessibility of restricted farmland, as well as a rise with year good dividend, as well as infrastructure investments and efforts, are the primary drivers of Horticulture Lighting Market growth. Furthermore, the fast advancement of technology has provided a great opportunity for the industry to expand in size.
- Restraints
There are a number of obstacles that must be overcome in order for the Horticulture Lighting industry to continue to expand. While the elevated one-time material surface cost of energy-efficient LED light innovations and the restrictions on cultivating a limited number of agronomic traits are expected to be major restraints on Horticulture Lighting Market growth over the forecast period, they are not expected to be significant restraints in the near future.
- Challenges
Among the most significant difficulties facing market participants is the high cost of electricity LED grow light technology, as well as the practicality of growing just a small selection of crop species under horticulture light conditions, which are the major challenges of the horticulture lightening market.
Cumulative Growth Analysis
The high-intensity discharge light category had the highest market share in 2019, accounting for 39.11 percent of the total market value of USD 1,145.5 million; it is projected to grow at a compound annual growth rate (CAGR) of 16.20 percent during the forecast period. The LED light category was the second-largest industry in 2019, with a market value of USD 866.1 million; it is expected to grow at the fastest rate, with a compound annual growth rate of 18.99 percent. The horticulture lighting market has been divided into two categories based on the kind of lighting used: upper and inter-lighting. The top-lighting category accounted for the largest horticulture lighting market share in 2019, accounting for 52.96 percent of the total market value of USD 1,551.1 million; it is projected to grow at a compound annual growth rate (CAGR) of 15.55 percent during the forecast period. The inter-lighting sector was valued at USD 1,377.5 million in 2014, and it is expected to grow at a faster rate of 17.33 percent over the next five years. The horticulture lighting market had the highest market share in 2019, accounting for 37.93 percent of the total market value of USD 1,110.7 million; it is projected to grow at a compound annual growth rate (CAGR) of 15.65 percent during the forecast period.
Value Chain Analysis
According to the reports, In terms of segmentation, the global horticulture lighting market is divided into Technology, Lighting Type, Cultivation, Application, and Regional segments. The horticulture lighting market has been divided based on technology into the following categories: high-intensity discharge light, LED light, fluorescent lighting, and others. By cultivation, the cannabis sector of the horticulture lighting market is expected to record the greatest compound annual growth rate (CAGR) over the forecast period. The legalization of cannabis manufacturing is gaining pace in many areas of the globe, as legislators across the world seek to expedite the process of legalization. This will almost likely help all types of cannabis producers, but it is anticipated that the makers of LED grow lights will reap the most benefits from this. In addition, cannabis is seen as a high-value crop by farmers, and as a result, the production of cannabis is expanding at an increasingly rapid rate.
Segmentation Overview
The Horticulture Lighting Market is segmented on the basis of Technology, Lighting Type, Cultivation, Application, and Regional. The global horticulture lighting market is expected to witness decent growth during the forecast period.
By Application
Based on the application, the horticulture lighting market is segmented into greenhouse, indoor farming, vertical, farming, and others.
By End-Users
Based on the propulsion types, the market is segmented into high-intensity discharge light, LED light, fluorescent lighting, and others.
Regional Analysis
According to the reports, on the basis of region, the global horticulture lighting market is divided into North America, Europe, Asia Pacific, and the rest of the world. Europe is the top destination in the horticulture lighting market, owing to the increase in urban farming as well as technological advancements in farming machinery in the region. The United Kingdom, Germany, and France are the three most important nations in Europe. Wherein lighting contributes to almost 20% of total energy use in the UK's business sector, according to the Energy Saving Trust. Companies in Europe have been motivated by the usage of electronic lighting in novel apps such as greenhouses to develop new electronic lighting technologies. In April 2018, a British LED manufacturer, Plessey, donated its LED growing lights to Sterling Suffolk's massive tomato greenhouse, which covers 54,400 square meters and was completed in April 2018.
Competitive Landscape
The horticulture lighting companies are highly fragmented due to the presence of key players in the market.
Major Key Players
- Bridgelux, Inc. (US)
- LumiGrow, Inc. (US)
- EYE Hortilux (US)
- Maxigrow Ltd (UK)
- Signify Holding (Philips Lighting) (The Netherlands)
- GE Lighting (US)
- Hortilux Schreder (The Netherlands)
- Osram Licht AG (Germany)
- Gavita International BV (The Netherlands)
- Lumileds (US)
- Hubbell Lighting (US)
- Agrolux (The Netherlands)
- PARsource (US)
- Illumitex (US)
- Heliospectra AB (Sweden) among others
Report Overview
The following report comprises of –
- Market overview
- Covid 19 Analysis
- Market Dynamic
- Drivers
- Opportunities
- Restraints
- Challenges
- Cumulative Growth Analysis
- Value Chain Analysis
- Segmentation Overview
- By Application
- By End-Users
- Regional Analysis
- Competitive landscape
Recent Developments
- Growers have begun to get help from Toshiba and Panasonic, which has provided training and technical support for the establishment of vertical farms. Such advancements in vertical farming are assisting in the development of the horticulture lighting industry.
Key Market Segments
By Offering
- Hardware
- Software
- Services
By Technology
- Fluorescent
- High-Intensity Discharge
- LED
- Others
By Lighting Type
- Toplighting
- Interlighting
By Cultivation
- Fruits & Vegetables
- Floriculture
By Application
- Greenhouse
- Vertical Farming
- Indoor Farming
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 16.41 Billion |
| CAGR | 23.1% |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Lighting Type, Cultivation, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Bridgelux, Inc. (US), LumiGrow, Inc. (US), EYE Hortilux (US), Maxigrow Ltd (UK), Signify Holding (Philips Lighting) (The Netherlands), GE Lighting (US), Hortilux Schreder (The Netherlands), Osram Licht AG (Germany), Gavita International BV (The Netherlands), Lumileds (US), Hubbell Lighting (US), Agrolux (The Netherlands), PARsource (US), Illumitex (US), and Heliospectra AB (Sweden) |
| Key Market Opportunities | Rapid technology developments. |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Horticulture is the agricultural science that deals with the production and maintenance of garden crops, fruits, ornamental plants, and vegetables. The artificial light used in horticulture is called horticulture lighting.
MRFR findings suggest, the global horticulture lighting market is likely to thrive at 19.17% CAGR during the assessment period (2020 to 2030). The hike in the sale of horticulture lights can cause the global horticulture lighting market to escalate to USD 7040.0 Million in 2020 to USD 16.41 Billion in 2030
The increase in need for artificial light due to limited availability of fertile land is observed as a major factor for the global horticulture lighting market to surge. In addition, government initiatives supporting the use of horticulture lighting can spur its market growth.
Signify (Netherlands), GE Lighting (US), Gavita (Netherlands), Agrolux (Netherlands), Osram (Germany), Hortilux Schreder (Netherlands), Heliospectra (Sweden), PARsource (US), Illumitex (US), and Lumileds (Netherlands) are some potential contenders of the global horticulture lighting suppliers market.
Fluorescent lighting, LED, and high-intensity discharge are widely used technologies in horticulture lighting. LEDs are noted to be used extensively.
