Farming Horticultural LED Lighting Market Size Analysis by Growth, Emerging Trends and Future Opportunities to 2030

Farming Horticultural LED Lighting Market :Introduction
Farming Horticultural LED Lighting Market is serves as an additional source of light for crops rather than natural sunshine, horticulture lighting is used in indoor farming applications. By providing artificial light for the plants, it supports and improves their growth. It is utilised in a variety of urban agricultural applications, including greenhouses, vertical farming, and indoor farming. By supplying artificial light for plants' photosynthesis, horticulture lighting enables the growing of plants without the need for daylight. In the horticulture business, LED lights are the more cutting-edge technology employed since they provide customers with simple installations and affordable solutions.

Farming Horticultural LED Lighting Market :Overview
Farming horticulture lighting market is projected to grow from USD 3.1 billion in 2022 to USD 9.4 billion by 2027; it is expected to grow at a CAGR of 24.5% from 2022 to 2027.
The market for horticulture LED lighting is anticipated to expand steadily as a result of rising interest in SSL technology and controlled environment agriculture (CEA) techniques. There is a huge rise in demand for vertical farms and food cultivation as people become more aware of organic and healthful food. LED lighting for agriculture enables food to be grown more quickly and with less land. Due to the fact that cultivation can take place across numerous verticals, it is also advantageous for water and money.The rise in disposable wealth in developing nations is the key factor driving the market for horticulture LED lighting. A lot of people rely on fruits and vegetables that they raise at home. This raises the demand for vertical and indoor farms and greenhouses. Lighting for horticulture is energy-efficient, and the energy
Strong government backing for controlled-environment agriculture (CEA) procedures and SSL technology adoption are the main drivers
specialised technology, controlled-environment agriculture (CEA) is now a viable choice for boosting food security and preserving the environment. The market need for locally grown food throughout the year, as well as developments in greenhouse and vertical farming technology, are driving the rapid adoption of CEA technology to maximise the utilisation of land, water, energy, labour, and capital. For the effective production of fresh, premium fruits and vegetables, plants are grown in controlled environments such as greenhouses, indoor farms, or vertical farms in CEA. Producing fruits and vegetables close to where they will be consumed is now possible thanks to CEA facilities.

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Farming Horticultural LED Lighting Market : Segment Analysis
Global Farming Horticultural LED Lighting Market: Major Players
Cidly
Gavita
General Electric
Osram
Fionia Lighting
Philips
Heliospectra AB
Cree
Hubbell Lighting
Ohmax Optoelectronic
Valoya
Everlight Electronics
Kessil
Illumitex
Lumigrow

Global Farming Horticultural LED Lighting Market: Types
Low Power (Less than or equal to300W)
High Power (More than 300W)

Global Farming Horticultural LED Lighting Market: Applications
Commercial Greenhouse
Indoor and Vertical Farming
R&D

Global Farming Horticultural LED Lighting Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Farming Horticultural LED Lighting market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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