Press release
Horticulture Lighting Market to Witness Massive Growth by 2028
Horticulture Lighting Market
Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.
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Some Key Highlights From the Report
• In August 2020, Signify entered into a cooperative agreement with Yunnan AiBiDa Greenhouse Technology Co., LTD. in order to become a research partner utilizing Philips GreenPower LED products as a supplementary lighting for its greenhouse floriculture production. The agreement is expected to help Signify in improving crop growth efficiency and quality in western China.
• Interlighting segment accounted for largest revenue share in 2020. LED interlighting system enables plant growth and harvest irrespective of location, which is driving deployment.
• Indoor farms segment accounted for a significantly high revenue share in the horticulture lighting market in 2020. Farmers are increasingly adopting indoor farming practices due to need to ensure better food security and to cater to rising demand for immediate access to fresh produce.
• Europe accounted for largest revenue share contribution to the global horticulture lighting market in 2020. Increasing initiatives by the European Union to promote adoption of LED grow lights are projected to create more lucrative growth opportunities for manufacturers of LED lamps and modules in countries in the region and drive growth of the horticulture lighting market in Europe over the forecast period.
• Major players in the market include Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting.
Emergen Research has segmented the global horticulture lighting market on the basis of lighting type, lighting technology, application, and region:
• Lighting Type Outlook (Revenue, USD Billion; 2018–2028)
o Interlighting
o Toplighting
• Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)
o Light-Emitting Diode (LED)
o High-Intensity Discharge (HID)
o Others
• Application Outlook (Revenue, USD Billion; 2018–2028)
o Indoor Farms
o Vertical Farms
o Greenhouses
o Others
Regional Analysis of the Horticulture Lighting Market includes:
• North America(U.S.A., Canada)
• Europe(U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Features of the Horticulture Lighting Market Report:
• The report encompasses Horticulture Lighting market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report provides an extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Horticulture Lighting industry
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Horticulture Lighting Market Segmentation & Impact Analysis
4.1. Horticulture Lighting Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising demand for energy-efficient LEDs in horticulture
4.2.2.2. Increasing consumption of horticultural products
4.2.2.3. Increasing export of horticultural commodities
4.2.2.4. Unfavorable weather conditions for farming
4.2.3. Market restraints analysis
4.2.3.1. High installation cost of LED grow lights
4.2.3.2. Circuit protection challenges for LED lighting systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Horticulture Lighting Market By Lighting type Insights & Trends, Revenue (USD Billion)
5.1. Lighting type Dynamics & Market Share, 2021 & 2028
5.1.1. Interlighting
5.1.2. Toplighting
Chapter 6. Horticulture Lighting Market By Lighting technology Insights & Trends, Revenue (USD Billion)
6.1. Lighting technology Dynamics & Market Share, 2021 & 2028
6.1.1. LED
6.1.2. HID
6.1.3. Others
READ MORE…!
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