Horticultural Lighting Market Growing Demand, Industry Synopsis, Opportunities and Analysis 2022 to 2029 | Illumitex,Heliospectra,Osram,PARsource

The "Horticultural Lighting Market" report describes in detail the demand and consumption of various products related to the market growth dynamics during the forecast period of 2022-2029. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown and opportunity assessment. This global Horticultural Lighting Market report guarantees rich data on various market opportunities. The research report covers key gaming enthusiasts within the industry, CAGR value, market drivers, restraints, and international competitive strategies from the region.  The report includes strong research from expert analysts.

The global Horticultural Lighting Market is expected to grow with a CAGR greater than 24.5% during the forecast period of 2022-2029.

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Market Overview:

Weather change is one of the significant causes augmenting the demand for horticulture lights to maintain a controlled agriculture environment. Horticulture lights help in maximizing crop yield and save energy with new lighting solutions. These qualities of horticulture lights and their rising awareness among farmers are likely to gain momentum for the market studied over the forecast period. An increase in the number of food suppliers and farm start-ups is further expected to encourage the adoption of horticulture lights. The importance of LED lighting applications in the horticultural sector is growing with the rising trend of indoor and vertical farming applications. With controllable spectrum and illuminance, LED is widely used in the cultivation for several kinds of crops such as tomatoes, herbs, greens, and cucumbers, among others. A South Korean agriculture cultivator, Farm8 has been using LED technology to help plants grow. With this technology, a plant can be grown in around 35 days, when compared to the time taken (i.e. 50 days) for a plant to grow outdoors.

The major companies operating in the global Horticultural Lighting Market outlined in the report are:

Illumitex,Heliospectra,Osram,PARsource,Signify (Philips Lighting),GE Lighting,Gavita,Lumileds,Hortilux Schreder,Agrolux

Recent Development:

OSRAM has acquired 11 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset. OSRAM has acquired in 5 different US states, and 5 countries. The Company's most targeted sectors include electrical equipment (73%) and automotive (10%).

Signify Health has acquired 6 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. Signify Health's largest acquisition to date was in 2022, when it acquired Caravan Health for $250M. Signify Health has acquired in 5 different US states. The Company's most targeted sectors include healthcare services (40%) and information technology (40%).

Horticultural Lighting Market Segments:

Market Segmentation: By Type

LED Light

High-Intensity Discharge (HID) Light

Fluorescent Light

Others

Market Segmentation: By Application

Vertical Farming

Greenhouses

Indoor Farming

Others

Regions Are covered by Global Horticultural Lighting Market 

For a comprehensive understanding of market dynamics, the Global Horticultural Lighting Market is analyzed across key geographies namely: 

North America (United States, Canada, and Mexico) 

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, and Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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The study objectives of this report are:

- To study and analyze the Global Horticultural Lighting market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2029.

- To understand the structure of Horticultural Lighting by identifying its various sub-segments.

- To share detailed information about the key factors manipulating the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).

- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market. 

- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.

- To strategically profile the key players and comprehensively analyze their growth strategies.

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Scope of The Horticultural Lighting Market Report:

- The report analyses Horticultural Lighting by Type Segment.

- The report assesses the Horticultural Lighting by End User. 

- The Global Horticultural Lighting has been analyzed by Region.

- The key insights of the report have been presented through the frameworks of SWOT and Market Attractiveness charts.

- The attractiveness of the market has been presented by Region, Type and by End User. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.

- The report provides a detailed pipeline analysis developed to cure the problem of Horticultural Lighting.

- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.

-To take advantage of business owners, tap hard at Horticultural Lighting research to get a thorough understanding of current momentum.

- The report presents the analysis of Horticultural Lighting for the historical period of 2016-2021 and the forecast period of 2022-2029.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

Customizable: The Global Horticultural Lighting Market

The Global Horticultural Lighting Market report may be modified to meet your specific business needs. Because we understand our clients' needs, we offer 25% customization to any of our reports without adding additional value to all of our clients.

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