Horticulture Lighting Market Drivers, Size, Biggest Share, Growth Opportunities 2024-2032 by ViparSpectra, Active Grow, Agnetix, Thrive Agritech

The Horticulture Lighting Market is Valued USD 3.9 billion in 2024 and projected to reach USD 24.2 billion by 2032, growing at a CAGR of 22.5% During the Forecast period of 2024-2032. It further allows the industry leaders to penetrate deep into the marketing evaluation with the highest profitability. The research examines parent market trends, macroeconomic data, and controlling factors in depth, as well as Horticulture Lighting market attractiveness by segment. The qualitative influence of key market factors on market segments and regions is also mapped out in the study. This report is a detailed and comprehensive analysis for global Horticulture Lighting market. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets.

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The new study offers a brief evaluation of the Horticulture Lighting market statistics, which are subdivided into the regions, countries as well as subregions. This report is helpful to remark the possible estimations and projection regarding the growth strategies of the global Horticulture Lighting market. It also summarizes possible profit opportunities, sales/demand, production as well as consumption analysis, in involvement to Horticulture Lighting industry share in each nation and sub-region. The geographical segment of the Horticulture Lighting market report illustrates the industry share as well as growth rates of each region during the estimated period from 2024 to 2032.

Profitable players of the Horticulture Lighting market are: Signify Holding (Phillips Lighting), Gavita International B.V., Heliospectra, ams-OSRAM International GmbH, California LightWorks, Valoya, Hortilux Schréder, ILUMINAR Lighting, Current Lighting Solutions, LLC., GE Lighting (SAVANT TECHNOLOGIES LLC.), ACUITY BRANDS, INC, Lumileds Holding B.V., Cree LED an SGH company, TCP Lighting, PARsource, EconoLux Industries Ltd., Oreon, GlacialLight - Division of GlacialTech Inc., Black Dog Horticulture Technologies & Consulting, ViparSpectra, Active Grow, Agnetix, Thrive Agritech, Bridgelux, Inc., and Kroptek and Others.

Major Segmentations Are Distributed as follows:

By Lighting Type
Toplighting
Interlighting

By Offering
Hardware
Software
Services

By Technology
Fluorescent
High-intensity Discharge (HID)
Light-emitting Diode (LED)
Others

By Cultivation Type
Fruits & Vegetables
Floriculture

By Application
Greenhouses
Vertical Farms
Indoor Farms
Others

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Essential regions of the Horticulture Lighting market are:

• Horticulture Lighting North America Market includes (Canada, Mexico, USA)
• Horticulture Lighting Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Horticulture Lighting Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Horticulture Lighting South America Market includes (Brazil, Argentina)

Recent Developments

In June 2023, Signify Holding (formerly Phillips Lighting) and INFINITEACRES are joining forces to revolutionize the expansion of vertical farming. INFINITEACRES, known for its resource-efficient indoor farming methods, emphasis on renewable energy, and efforts to minimize food miles, has entered into a collaboration with Signify Holding to tackle technological and business challenges associated with scaling up their operations. As industry leaders, both 80 Acres Farms and Infinite Acres are rapidly advancing, with plans underway to establish a high-capacity farm in Atlanta. The partnership with Signify has proven pivotal in navigating the learning curve and achieving success in this innovative and rapidly evolving field.

In June 2023, The latest iteration of OSLON square hyper red LED sets a new benchmark with a market-leading wall plug efficiency of 78.8%. Renowned for its compact size, durability, and outstanding performance, this next-generation LED represents a significant advancement in the field.

In June 2023, The recently introduced OSLON Optimal Red expands the spectral coverage, enhancing the growth of commonly cultivated plant types under artificial lighting.

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Horticulture Lighting industry.

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Pivotal questions answered in the global Horticulture Lighting market report:

• What are the major value propositions of the Horticulture Lighting market?
• What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
• What technologies are expected to adopt the new regulations in Horticulture Lighting report?
• What are the key collaborations generated by the vendors to consolidate their position in the Horticulture Lighting market?
• What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
• What are the futuristic prospects of the Horticulture Lighting market across the globe?

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