Press release
Horticulture Lighting Market Snapshot, Scope, Assumptions, Market Highlights and Outlook, 2032
Horticulture Lighting Market
The horticulture lighting market size was valued at USD 3.1 billion in 2021. The horticulture lighting market industry is projected to grow from USD 3.82 Billion in 2022 to USD 16.35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23.10% during the forecast period (2022 - 2030).The surge in awareness regarding sustainability and the rise in initiatives taken by researchers, organizations, and governments for enhancing horticulture are the key market drivers enhancing market growth for horticulture lighting.
In recent years, there has been a significant shift in agricultural practices towards indoor farming and controlled environment agriculture (CEA), driven by factors such as urbanization, climate change, and the growing demand for fresh produce year-round. Horticulture lighting, which encompasses the use of artificial light sources to stimulate plant growth and enhance crop yields, has emerged as a crucial technology in this evolving landscape.
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Key Players:
• Heliospectra AB
• LED Grow Lights
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting s.r.o.
• Hortisystems UK Ltd
• ProGrowTech
• Ronfell Group
• GENERAL ELECTRIC
• Agrolux
• SAMSUNG
• Hortilux Schréder B.V.,
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Horticulture Lighting Market Regional Analysis:
North America is a major driving force in the horticulture lighting market, holding a significant market share. The region benefits from a strong presence of indoor farming initiatives, where controlled environment agriculture is gaining popularity. The favorable government policies and initiatives promoting sustainable agriculture and local food production further contribute to the growth of the horticulture lighting market in North America. Moreover, the increasing adoption of advanced lighting technologies, such as LED grow lights, is fueling market expansion in the region.
In Europe, countries like the Netherlands and Germany are at the forefront of the horticulture lighting market. The Netherlands, in particular, is known for its advanced greenhouse cultivation techniques and expertise in horticulture. The country's focus on high-value crops and precision farming has led to a robust demand for horticulture lighting solutions. Similarly, Germany is witnessing significant growth, driven by the increasing adoption of indoor farming and vertical farming practices. The European market is characterized by strong research and development activities, driving innovation and technological advancements in horticulture lighting.
The Asia Pacific region is experiencing rapid growth in the horticulture lighting market. The rising demand for high-value crops, such as herbs and specialty vegetables, is driving the adoption of horticulture lighting solutions in the region. Urban farming initiatives are gaining traction, particularly in densely populated areas with limited arable land. The governments in countries like China, Japan, and South Korea are actively supporting sustainable agriculture practices and investing in advanced technologies like horticulture lighting to meet the growing demand for locally produced food. The Asia Pacific market presents significant opportunities for horticulture lighting manufacturers and suppliers, given the region's large population and increasing focus on food security and self-sufficiency.
Horticulture Lighting Market Segmentation:
By Offering
Hardware, Software, and Services
By Technology
Fluorescent, High-Intensity Discharge, and LED
By Lighting Type
Top lighting, and Inter lighting
By Cultivation
Fruits & Vegetables, and Floriculture
By Application
Greenhouse, Vertical Farming, and Indoor Farming
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Traditionally, plants rely on sunlight for photosynthesis, growth, and development. However, in indoor farming and CEA environments where natural light may be limited or inconsistent, supplemental lighting becomes essential to ensure optimal plant growth and productivity. Horticulture lighting provides the necessary spectrum of light wavelengths to mimic sunlight, promote photosynthesis, and regulate plant growth processes such as flowering and fruiting. By controlling factors such as light intensity, duration, and spectrum, growers can tailor lighting conditions to meet the specific requirements of different crops and growth stages.
The horticulture lighting market plays a pivotal role in enabling sustainable and efficient indoor farming practices, addressing the challenges of food security, resource scarcity, and climate change. With continued innovation, technological advancements, and market expansion, horticulture lighting is poised to drive transformative changes in agriculture, empowering growers to produce fresh, nutritious, and locally grown produce year-round, regardless of climate or geographical constraints.
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