Press release
With 12.5% CAGR, Agricultural Lighting Market Growth to Surpass USD 21.4 billion
The global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The key factors fueling the growth of this market include increased awareness for fresh farm produce, day-by-day increasing global population, leading to the increase in the demand for farm produce as well as milk, meat and eggs; along with the increase in demand for fishes as well, increasing funding to develop livestock facilities, vertical farms and greenhouses.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219756486
The agricultural lighting market has promising growth potential due to several factors, including the increase in demand for locally grown food, year-round crop production, crop rotation, increasing demand for LED technology for horticulture, livestock and aquaculture applications.
Countries in the North America and Europe regions have also witnessed increasing development of CEA facilities which has aided in the growth of the agricultural lighting market. The high demand for LED technology in these regions is driving the growth of the agricultural lighting market. The launch of several innovative agricultural lighting products at regular intervals in last few years by manufacturers in North America has revived the market growth of agricultural lighting. Additionally, increasing food demand, prevailing unfavourable weather conditions for conventional farming and presence of leading providers of horticulture lights in European region is expected to drive the market demand for agricultural lighting in Europe, and therefore, global demand will also tend to rise.
The agricultural lighting market for LED is projected to register the highest CAGR during the forecast period, by light source. Since LED light source tends to consume less power, is more efficient, and has a longer lifespan, the shift towards this light source will increase during the forecast period owing to the energy and cost consumption. LED lights and lamps also dissipate lesser heat aas compared to other light sources. Hence, it provides more comfort to animals and fish in livestock facilities and water bodies. These factors are expected to drive the market growth of LED technology.
The agricultural lighting market for below 50W holds the largest market share owing to the presence and emergence of LED light source, which tends to consume lesser power and hence lesser wattage lamps and lighting systems are used. Hence the share for below 50W lamps is more in the agricultural lighting market.
The horticulture application of the agricultural lighting market is estimated to grow at the highest CAGR during the forecast period. The main driver for the horticulture lighting to grow at a faster pace is the increasing global population, leading to an increase in the demand for farm produce. Also, irregular climatic conditions on a global level will tend to increase the requirement for artificial lighting for the optimal growth of plants and crops. This will increase the demand for horticulture lighting during the forecast period.
The agricultural lighting market for retail/wholesale sales channel held largest market share in 2022, owing to the increased convenience of buyers. The after-sale services and support, offline or physical meeting and guidance and low costs are helpful for the buyers, specially in rural areas. This results in larger market share for this sales channel in the agricultural lighting market.
The agricultural lighting market for hardware held the largest market share in 2022. This larger market share for hardware offering is attributed to the large number of hardware components such as lighting fixtures (lamps, luminaires) and lighting controls required to set up any agricultural lighting system, be it in any application, horticulture, livestock or aquaculture. This enormously large requirement of lamps and other hardware offering of lighting systems tend to increase the market share for hardware.
The agricultural lighting market for new installations to hold largest market share for installation type segment. This is because the global population is increasing every day, leading to the rise in demand or requirement for new installations in agricultural applications.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=219756486
The agricultural lighting market in Asia Pacific is expected to hold the largest market share during the forecast period. This large market share in this region can be attributed to its continuously increasing population, which leads to rising demand for food from Asia Pacific. This has led to an increase in the adoption of advanced farming technologies to enable the supply of fresh fruits and vegetables throughout the year. Pressure on cultivators to improve agricultural yields with limited available resources and increased requirements to protect crops from unexpected climatic changes also contribute to adopting agricultural lighting in Asia Pacific during the forecast period.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With 12.5% CAGR, Agricultural Lighting Market Growth to Surpass USD 21.4 billion here
News-ID: 3178849 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…