Horticulture Lighting Market Is Projected to Move Ahead at a CAGR of 18.30% by 2029

Global Horticulture Lighting Market, By Offering (Hardware, Software and Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits and Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others) - Industry Trends and Forecast to 2029.
• Artificial light are replacing daylight to acquire ultimate climate control. Global Horticulture Lighting Market was valued at USD 7,185.58 million in 2021 and is expected to reach USD 27,563.84 million by 2029, registering a CAGR of 18.30% during the forecast period of 2022-2029. "Indoor Farming" accounts for the largest application segment in the respective market owing to the rise in demand for organic-nutritious food. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Global Horticulture Lighting Market Scope and Market Size
• The horticulture lighting market is segmented on the basis of offering, deployment, lighting type, cultivation, technology and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
• Hardware
• Software
• Services
• On the basis of offering, the market is segmented into hardware, software, and services. Hardware segment is dominating in the horticulture lighting market as hardware is considered to be the primary need for the deployment of horticulture lighting.
Deployment
• Turnkey Solutions
• Retrofit Solutions
• On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share in forecast period because this offers enhanced crop yields. Thus, the enhanced crop yield through the deployment of turnkey has increases the inclination of farmers towards turnkey solution.
Lighting Type
• Toplighting
• Interlighting
• Photoperiodic Lighting
• Supplemental Lighting
• Sole-Source Lighting
• On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. The toplighting segment is accounted with the largest market share as it acts as an important source in the plant growth which helps the plant to prepare their food through artificial method.
Cultivation
• Fruits
• Vegetables
• Floriculture
• On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the market due to the rising demand of the fresh vegetable which has resulted in increased vegetable production. Furthermore, these vegetables are easily grown in the indoor farming with less water and soil requirement for its cultivation. Changes in the lifestyle mostly in developing countries are also considered as an important factor due to the growing health consciousness.
Technology
• High-Intensity Discharge (HID)
• Fluorescent
• Others
• On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has reported with highest share as it gives maximum yield by producing perfect UV rays intensity helping the crops to develop photosynthesis process resulting in better crop growth at indoor location.
Application
• Greenhouses
• Vertical Farming
• Indoor Farming
• Others
• On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming and others. The indoor farming holds largest market share due to the growing demand for organic-nutritious food. Furthermore, in indoor farming, the food can be grown in large volume even in small area, which is necessary for growing urbanization.
Horticulture Lighting Market Regional Analysis/Insights
• The countries covered in the horticulture lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Horticulture Lighting Market
• The horticulture lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to horticulture lighting market.
Some of the major players operating in the horticulture lighting market are
• Heliospectra AB (Sweden)
• excite LED Grow Lights (Switzerland)
• Greens Hydroponics (UK)
• UPSHINE Lighting (China)
• TESLUX Lighting s.r.o. (Czechia)
• Hortisystems UK Ltd (UK)
• ProGrowTech (US)
• Ronfell Group (UK)
• GENERAL ELECTRIC (US)
• Agrolux (Netherlands)
• SAMSUNG (South Korea)
• Hortilux Schréder B.V. (Netherlands)
• OSRAM GmbH (Germany)
• Signify Holding (Netherlands)
• BSSLED Manufacturing Ltd. (UK)
• Forge Europa (UK)
• Cropmaster LED (UK)
• TE Connectivity Ltd. (Switzerland)
• Cree, Inc. (US)
• DiCon Lighting (US)
• Valoya (Finland)
• EVERLIGHT (Taiwan)
• Gavita (Norway)
To View Detailed Report Analysis, Visit @
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MAJOR TOC OF THE REPORT
• INTRODUCTION
• MARKET SEGMENTATION
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• MARKET OVERVIEW
• QUESTIONNAIRE
To Check the Complete Table of Content Click Here @
https://www.databridgemarketresearch.com/toc/?dbmr=global-horticulture-lighting-market
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