Horticulture Lighting Trends and Forecast
The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets. The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030 with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.Horticulture Lighting by Segment
The study includes a forecast for the global horticulture lighting by offering, technology, cultivation type, application, and region.Horticulture Lighting Market by Offering [Shipment Analysis by Value from 2018 to 2030]
- Hardware
- Software & Services
Horticulture Lighting Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Fluorescent
- High-Intensity Discharge
- Light-Emitting Diode
- Others
Horticulture Lighting Market by Cultivation Type [Shipment Analysis by Value from 2018 to 2030]
- Fruits & Vegetables
- Floriculture
- Cannabis
Horticulture Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Greenhouses
- Vertical Farms
- Indoor Farms
- Others
Horticulture Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Horticulture Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies horticulture lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the horticulture lighting companies profiled in this report include-- Signify Holding
- Gavita International
- Heliospectra
- ams-OSRAM International
- California LightWorks
- Valoya
- Hortilux Schréder
- ILUMINAR Lighting
- Current Lighting Solutions
- GE Lighting
Horticulture Lighting Market Insights
The publisher forecasts that cannabis is expected to witness the highest growth over the forecast period.APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets in the region.
Features of the Global Horticulture Lighting Market
- Market Size Estimates: Horticulture lighting market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Horticulture lighting market size by various segments, such as by offering, technology, cultivation type, application, and region in terms of value ($B).
- Regional Analysis: Horticulture lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different offering, technology, cultivation type, application, and regions for the horticulture lighting market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the horticulture lighting market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the horticulture lighting market size?Answer: The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030.
Q2. What is the growth forecast for horticulture lighting market?
Answer: The global horticulture lighting market is expected to grow with a CAGR of 16.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the horticulture lighting market?
Answer: The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.
Q4. What are the major segments for horticulture lighting market?
Answer: The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets.
Q5. Who are the key horticulture lighting market companies?
Answer: Some of the key horticulture lighting companies are as follows:
- Signify Holding
- Gavita International
- Heliospectra
- ams-OSRAM International
- California LightWorks
- Valoya
- Hortilux Schréder
- ILUMINAR Lighting
- Current Lighting Solutions
- GE Lighting
Answer: The publisher forecasts that cannabis is expected to witness the highest growth over the forecast period.
Q7. In horticulture lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the horticulture lighting market by offering (hardware and software & services), technology (fluorescent, high-intensity discharge, light-emitting diode, and others), cultivation type (fruits & vegetables, floriculture, and cannabis), application (greenhouses, vertical farms, indoor farms, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Horticulture Lighting Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Signify Holding
- Gavita International
- Heliospectra
- ams-OSRAM International
- California LightWorks
- Valoya
- Hortilux Schréder
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
