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Smart Horticulture LED Lighting Market Size Forecast to 2026

Smart Horticulture LED Lighting Market

Smart Horticulture LED Lighting Market

According to a new market research report published by Global Market Estimates, the Global Smart Horticulture LED Lighting Market is projected to grow at a CAGR value of around 22.5% during the forecast period [2021 to 2026]. The major factors driving the growth of this market are increasing number of government initiatives to promote the adoption of smart and efficient indoor and outdoor farming, increasing demand for food & organic products due to rapidly rising global population, rising launch of funded projects in order to develop smart lighting systems, vertical farms and greenhouse systems, and legalization of cannabis cultivation in most of the countries.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Smart Horticulture LED Lighting Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/smart-horticulture-led-lighting-market-3454

By Component (Smart LED Light, Smart App/Software & Service), By Application (Commercial Greenhouses, Indoor Vertical Farms, Hydroponics, Aeroponics, Plant Science Research and Home Application) By Crop Type (Fruits and Vegetables, Floriculture, Cannabis, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Key Market Insights
• The smart LED light segment will be the fastest growing segment owing to rising demand for efficient light energy for indoor and vertical farm plants
• The indoor vertical farms segment of the smart horticulture LED lighting market is expected to register the highest CAGR growth during the forecast period
• The cannabis cultivation segment will be the fastest growing segment during the forecast period
• Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe) will have a dominant share in the market from 2021 to 2026
• Urban-gro, LumiGrow, Sollum Technologies, G2V Optics, Agnetix, OSRAM GmbH, LED iBond, Atop Lighting, Sycra Technologies Limited, Kroptek, Technical Consumer Products, Inc., Intelligent Grid Solutions, GrowFlux, Heliospectra AB, Illumitex, California Light Works, Advanced LED Lights, Black Dog LED, ProGrowTech, and P. L Light Systems among others are the key players in the smart horticulture LED lighting market

Browse the Report @ https://www.globalmarketestimates.com/market-report/smart-horticulture-led-lighting-market-3454

Component Outlook (Revenue, USD Million, 2021-2026)
• Smart LED Light
• Smart App/Software & Service

Application Outlook (Revenue, USD Million, 2021-2026)
• Commercial Greenhouses
• Indoor Vertical Farms
• Hydroponics
• Aeroponics
• Plant Science Research
• Home Application

Crop Type Outlook (Revenue, USD Million, 2021-2026)
• Fruits and Vegetables
• Floriculture
• Cannabis
• Others

Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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