Horticulture Lighting Market Trend Shows 20.61% CAGR to 2023: Top Players Signify, Gavita, GE Lighting, Osram, Agrolux, Heliospectra, Hortilux Schreder, Lumileds and More
Request a Sample Copy of This Research: https://bit.ly/2xZH3V4
Demand for horticulture lighting systems for vertical farming applications is expected to increase during the forecast period. Vertical farming is changing the outlook of food production.
In vertical farming, plants are stacked in layers one above the other, utilizing the available space in the best possible way. Consumer demand for high-quality, locally developed food that is free of pesticides and other harmful chemicals is increasing. With vertical farming, space is not a constraint, and cultivators can grow crops even in a square foot of area. Despite changing climatic conditions, vertical farming also allows cultivators to grow all types of crops throughout the year. Increased use of LED horticulture lights is encouraging cultivators to adopt vertical farming on a large scale. Thus, due to the increasing awareness of vertical farming, this segment is expected to grow at the highest rate during the forecast period.
Europe is among the important markets for horticulture lightings. The European Union’s initiatives to boost the adoption of LED grow lights are expected to create more opportunities for the manufacturers of LED modules and lamps in Europe. Gavita (Netherlands), Osram (Germany), and Signify (Philips Lighting) (Netherlands) are the most prominent Europe-based lighting companies. Major European economies, such as the UK, Germany, and France, are investing in indoor horticulture lighting for fresh farm produce. This factor is expected to generate a huge demand for horticulture lighting systems in the future. Technological developments in artificial horticulture lighting have led to the use of efficient and eco-friendly technologies, such as LED grow lights, in Europe; moreover, governments in this region are implementing rigorous resolutions to ban the use of incandescent bulbs. In fact, the European Commission has proposed to eliminate the use of halogen lamps completely by 2018.
Major companies covered in the horticulture lighting market report are Signify (Philips Lighting) (Netherlands), Gavita (Netherlands), GE Lighting (US), Osram (Germany), Agrolux (Netherlands), Heliospectra (Sweden), Hortilux Schreder (Netherlands), Lumileds (Netherlands), PARsource (US), Illumitex (US), Hubbell (US), Maxigrow (UK), Bridgelux (US), Eye Hortilux (US), and Lumigrow (US).
Read more for Table of Content or Ask for Discount on this Research Report: https://bit.ly/2QhNcno
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:
• By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
• By Designation: – C-Level Executives – 55%, Directors – 15%, and Others – 30%
• By Region: North America – 40%, Europe – 20%, APAC – 25%, and RoW – 15%
Smart Lighting Market by Offering (Hardware (Lights & Luminaires Lighting Controls) Software and Services) Communication Technology (Wired and Wireless) Installation Type Application Type and Geography - Global Forecast to 2023
The smart lighting market is estimated to grow from USD 7.93 billion in 2018 to USD 20.98 billion by 2023, at a CAGR of 21.50% between 2018 and 2023. The major factors driving the growth of the smart lighting market include modernization and development of infrastructure to transform cities into smart cities, increased demand for intelligent solutions for street lighting systems, need for energy-efficient lighting systems, increasing adoption and decreasing cost of LEDs, and growing awareness about energy savings among consumers and governments worldwide.
The report profiles the top players in the smart lighting market, along with providing their respective market ranking. Prominent players in the market include Philips Lighting (Netherlands), Hafele Group (Germany), Acuity Brands (US), OSRAM (Germany), Cree (US), Hubbell Lighting (US), Zumtobel Group (Austria), Honeywell (US), Legrand (France), Eaton (Ireland), Lutron Electronics (US), and General Electric (US).
Read More: https://bit.ly/2NLrBXF
We are a leading market research store (headquartered in The Hague, Netherlands) bringing to you market research insights, analysis, and data from many market research publishers around the globe.
Our experienced market research consultants understand a client’s research requirements in a precise manner and get as many proposals around the globe as possible on the table suiting your budget and mapping your research goals.
Our only motivation is to provide clients with precise insights into their respective niche markets and offering them the most comprehensive portfolio of business information products.
Watchers of Markets BV
Henriëtte van der Meydreef 144, 2492 JG, Den Haag, Netherlands.
Phone number: +31- 85 888 111 6
Email Id: email@example.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Horticulture Lighting Market Trend Shows 20.61% CAGR to 2023: Top Players Signify, Gavita, GE Lighting, Osram, Agrolux, Heliospectra, Hortilux Schreder, Lumileds and More here
News-ID: 1270179 • Views: 230
More Releases from WOM-Reports
Duct Furnace Market to Hit 4.58% CAGR by 2023: Top Vendors Heatco, Inc., Modine …
Watchers of Markets BV has announced the addition of the “Global Duct Furnace Market Outlook 2018-2023”, The report classifies the Global Duct Furnace Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Global duct furnace market is anticipated to grow at a CAGR of 4.58% by 2023, according to a new report published by Gen Consulting Company. The report
Global Furniture Wood Coatings Market Growth Analysis and Forecast Outlook: Key …
Watchers of Markets BV has announced the addition of the “Global Furniture Wood Coatings Market Survey and Trend Research 2018”, The report classifies the Global Furniture Wood Coatings Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the Furniture Wood Coatings Industry by upstream & downstream, industry overall and development, key companies, as
Ground Control Station (GCS) Market Outlook & Analysis: Key Players Profiled Elb …
Watchers of Markets BV has announced the addition of the “Global Ground Control Station (GCS) Market Survey and Trend Research 2018”, The report classifies the Global Glass Mosaic Tiles Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as
Glass Mosaic Tiles Market Global Growth and Outlook to 2023: Emser Tile, SONOMA …
Watchers of Markets BV has announced the addition of the “Global Glass Mosaic Tiles Market Survey and Trend Research 2018”, The report classifies the Global Glass Mosaic Tiles Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type
More Releases for Netherlands
Study in the Netherlands
Study in the Netherlands is a great study destination for international students looking for quality education in Europe. The country is the largest English-taught university courses in Europe, making studying in the Netherlands an excellent choice. Did you know? Eleven out of 13 research universities in the Netherlands are ranked in the world's top 200 according to the Times Higher Education World University Rankings 2021. Why Study in the Netherlands? •
Permeate Market | Top key player - Kaskat Dairy (Poland), Interfood (Netherlands …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Permeate Market Growth Focusing on Trends & Innovations during the Period Until 2027”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated
Netherlands: Country Intelligence Report
Summary "Netherlands: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in the Netherlands today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key
Agrochemicals Market in Netherlands
ReportsWorldwide has announced the addition of a new report title Netherlands: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Netherlands: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Solar Photovoltaic PV Plants in Netherlands 2016
Solar Photovoltaic (PV) in Netherlands, Market Outlook to 2025, Update 2015 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles Summary "Solar Photovoltaic (PV) in Netherlands, Market Outlook to 2025, Update 2015 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” is the latest report from the industry analysis specialists that offer comprehensive information and understanding of the solar photovoltaic (PV) market
Hobbit Feest party in Baarlo, Netherlands
The Hobbit Feest party will take place on 17 and 18 November 2012 on Kasteel de Berckt in Baarlo, Netherlands. In expectance of the Hobbit film by Peter Jackson, which will come to cinemas a month later, and as part of the Hobbit Year project, the Dutch Tolkien Society Unqendor and the German Tolkien Society DTG are inviting all Tolkien and fantasy fans into the Shire, to travel ‘there and