Horticulture lighting market is expected to witness market growth rate of 19.1 % in the forecast period of 2022 to 2030 and is further estimated to reach USD 14,632.12 million by 2030, Size, Share, Trends, Key Drivers, Demand

Data Bridge Market Research analyses that the horticulture lighting market, valued at USD 3,614.21 million in 2022, will reach USD 14,632.12 million by 2030, growing at a CAGR of 19.1% during the forecast period of 2023 to 2030.

Market Overview

Horticulture lighting is used in indoor farming as an additional source of light for crops in place of natural daylight. It supports and enhances the growth of the plants by giving them artificial light. Greenhouses, vertical farming, and indoor farming are just a few urban farming applications that use horticulture lighting. LED lights are the most cutting-edge horticulture technology because they provide customers with simple installations and affordable solutions. The weather change also increases the need for horticulture lights to maintain a controlled agricultural environment. The adoption of horticulture lights like LED is anticipated to rise as more farms and food supplier's open shop.

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Horticulture Lighting Market Regional Analysis/Insights

The horticulture lighting market is analysed and market size insights and trends are provided by offerings, deployment, technology, lighting type, cultivation, installation type, and application as referenced above.
The countries covered in the horticulture lighting market report are France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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