Horticulture Lighting Market is expected to reach USD 10.4 billion by 2030

The Horticulture Lighting Market has experienced significant growth in recent years, driven by the increasing adoption of controlled environment agriculture (CEA) practices and the growing demand for high-quality crops with specific attributes. Horticulture lighting refers to the use of artificial light sources to provide plants with the light they need for photosynthesis and growth, especially in indoor or greenhouse settings where natural sunlight may be limited or insufficient. This market has evolved rapidly, with advancements in LED technology playing a pivotal role in transforming the way plants are cultivated.

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The global horticulture lighting market has witnessed remarkable expansion due to several key factors. First, the need for year-round production of crops, irrespective of the external climatic conditions, has led to a surge in indoor farming. This, in turn, has driven the demand for efficient and customizable lighting solutions that can mimic the spectrum and intensity of natural sunlight. Second, the trend towards urbanization and limited arable land has pushed agricultural activities into compact spaces, promoting the adoption of vertical farming and hydroponic systems where precise lighting control is essential. Moreover, the increasing consumer preference for locally grown, pesticide-free, and organic produce has encouraged growers to invest in advanced lighting technologies to optimize crop yields and quality.

Leading Players:
Agrolux; Bridgelux, Inc.; Signify N.V.; Heliospectra AB; PARsource; Lumileds Holding B.V.; Hortilux Schrder B.V.; OSRAM Licht AG; General Electric Company; and Hubbell, Inc among others.

Greenhouse lighting project is one of the biggest horticulture lighting deals of the past years, including one of the largest in North America. This major deal involves the majority being Agrolux Wega LED light fixtures and some HPS fixtures. It is also the first signed agreement for Agrolux Wega LED fixtures in North America.

LED technology has emerged as the frontrunner in horticulture lighting solutions. LEDs offer several advantages, including energy efficiency, longer lifespans, and the ability to fine-tune light spectra according to plant requirements. Traditional lighting technologies such as high-pressure sodium (HPS) and fluorescent lights are gradually being phased out due to their higher energy consumption and heat emission. The shift towards LED-based horticulture lighting has not only reduced energy costs for growers but also opened up opportunities for spectral manipulation, which can influence plant morphology, flowering, and nutritional content.

The market is segmented into hardware, software, and services. Hardware includes various types of LED fixtures, control systems, and sensors that enable growers to monitor and adjust lighting conditions. Software solutions provide real-time data analysis, remote monitoring, and automation, allowing for more precise and efficient management of lighting regimes. Services encompass consulting, installation, and maintenance support, catering to the specific needs of individual growers.

Geographically, North America and Europe have been early adopters of horticulture lighting technologies, owing to their well-established controlled environment agriculture industries. However, Asia-Pacific is also witnessing rapid growth in this market due to the region's increasing population, rising demand for fresh produce, and advancements in technology adoption. Emerging economies are recognizing the potential of horticulture lighting in achieving food security and reducing dependence on imported crops.

Research Methodology:
The Horticulture Lighting report is firmly rooted on comprehensive methods supplied by skilled data analysts. The research approach entails analysts gathering information only to have it thoroughly reviewed and filtered in an attempt to give meaningful forecasts regarding the market over the review period. Interviews with major market influencers are also conducted as part of the research process, making the primary research relevant and practical. The secondary method provides a direct look at the demand and supply connection in the Horticulture Lighting market.

Horticulture Lighting Market Segmentation

By Offering
• Hardware
• Software
• Services

By Technology
• Fluorescent
• HID
• LED
• Others

By Lighting Type
• Toplighting
• Interlighting

By Cultivation
• Fruits and Vegetables
• Floriculture

By Installation Type
• New installations
• Retrofit Installations

By Application
• Greenhouses
• Vertical Farms
• Indoor Farms
• Others

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The report's Horticulture Lighting market techniques give exact data analysis and a tour of the whole market. Data was gathered using both primary and secondary methods. In addition to this, data analysts have used publically available sources such as SEC filings, annual reports, and white papers to gain an in-depth overview of the market. The research technique clearly demonstrates an intention to obtain a thorough view of the market by analyzing it against numerous aspects. The valuable inputs improve the Horticulture Lighting report and provide it with a competitive advantage.

In conclusion, the horticulture lighting market is experiencing robust expansion driven by the need for year-round crop production, urban farming trends, and the advantages offered by LED technology. As the market continues to evolve, innovations in spectral research, automation, and data-driven insights are expected to shape the future of horticulture lighting, enabling growers to achieve higher yields, better quality, and sustainable agricultural practices.

Main Reasons to Purchase:

• To maximize market research efforts, identify development opportunities, important players, and market segments in the global Horticulture Lighting market.
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• Develop a greater grasp of global market trends, the forces promoting and impeding market expansion, and the factors influencing decision-making.
• Enhance decision-making by being aware of the strategies used to advance commercial interest, such as products, segmentation, and industry verticals.

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This release was published on openPR.