Agricultural Lighting Market Getting Back To Stellar Growth Ahead: Agrolux, Valoya, LumiGrow

According to HTF Market Intelligence, the Agricultural Lighting market to witness a CAGR of 12.5% during the forecast period (2024-2030).The Latest published a market study on Global Agricultural Lighting Market provides an overview of the current market dynamics in the Global Agricultural Lighting space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities.

Some of the players that are in coverage of the study are Osram Licht AG (Germany), Heliospectra AB (Sweden), Agrolux (Netherlands), Valoya (Finland), LumiGrow (United States), California LightWorks (United States), Illumitex (United States), Everlight Electronics Co., Ltd. (Taiwan), Bridgelux, Inc. (United States), Sunlight Supply, Inc. (United States), Gavita International B.V. (Netherlands), Hortilux Schréder (Netherlands), VividGro (United States), Apogee Instruments, Inc. (United States), Black Dog LED (United States), Illumitex (United States), PARsource Lighting Solutions (United States), Others.

The global Agricultural Lighting market size is expanding at robust growth of 12.5%, sizing up market trajectory from USD 11.8 Billion in 2024 to USD 21.4 Billion by 2030.

Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the Industry. Know how Leaders in Global Agricultural Lighting are keeping themselves one step forward with our latest survey analysis

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Definition
The agricultural lighting market involves lighting technologies and solutions designed to enhance plant growth, livestock productivity, and aquaculture through optimized light environments. This market includes products like LED and fluorescent lights used in greenhouses, vertical farms, and animal husbandry to improve crop yields and animal health. It is driven by advancements in lighting technology, the push for sustainable farming, and the need to increase food production. Key players are lighting manufacturers, agricultural firms, and technology providers.

On 21th May 2024, "ams OSRAM has introduced the OSCONIQ® P3737, a high-power LED boasting an impressive overall wall plug efficiency of 83.2% in Hyper Red. This advancement enables greenhouse operators to lower energy costs while maintaining optimal light intensity. With increased photon flux and enhanced photosynthesis rates, the LED promises improved crop yields and shortened harvest cycles for horticultural luminaires." On 21th February 2023, "Heliospectra AB (publ) introduces MITRA Flex, the industry's first wireless-controlled flexible far-red light, expanding its MITRA platform. This innovation integrates three spectra - PAR, PAR plus Far-Red, and Far-Red Only - in one solution without power loss. It enables tailored growth strategies like end-of-day treatments and supports year-round crop health even in low-light conditions."

Basic Segmentation Details
Global Agricultural Lighting Market Breakdown by Application (Livestock, Horticulture, Aquaculture) by Installation (New, Retrofit) by Light Source (LED, Fluorescent, HID, Others) by Wattage Type (Below 50W, 50 to 150W, Above 150W) by Component (Hardware, Software, Services) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Agricultural Lighting Market Trend

• Tailoring lighting spectra and intensities to specific crop needs and growth stages is a rising trend.

Agricultural Lighting Market Driver

• Agricultural lighting aims to maximize crop production and quality by providing optimal light conditions.

Agricultural Lighting Market Opportunity
• Developing energy-efficient lighting options aligns with sustainability goals and reduces operational costs.

Agricultural Lighting Market Challenges
• Balancing energy-intensive lighting systems with sustainability goals poses ongoing challenges.

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Major highlights from the Study along with most frequently asked questions:

1) What so unique about this Global Agricultural Lighting Assessment?

Market Factor Analysis: In this economic slowdown, impact on various industries is huge. Moreover, the increase in demand & supply gap as a resultant of sluggish supply chain and production line have made market worth observing. It also discusses technological, regulatory and economic trends that are affecting the market. It also explains the major drivers and regional dynamics of the global market and current trends within the industry.

Market Concentration: Includes C4 Index, HHI, Comparative Global Agricultural Lighting Market Share Analysis (Y-o-Y), Major Companies, Emerging Players with Heat Map Analysis

Market Entropy: Randomness of the market highlighting aggressive steps that players are taking to overcome current scenario. Development activity and steps like expansions, technological advancement, M&A, joint ventures, launches are highlighted here.

Patent Analysis: Comparison of patents issued by each players per year.

Peer Analysis: An evaluation of players by financial metrics such as EBITDA, Net Profit, Gross Margin, Total Revenue, and Segmented Market Share, Assets etc to understand management effectiveness, operation and liquidity status.

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2) Why only few Companies are profiled in the report?

Industry standards like NAICS, ICB etc are considered to derive the most important manufacturers. More emphasis is given on SMEs that are emerging and evolving in the market with their product presence and technological upgraded modes, current version includes players like "Osram Licht AG (Germany), Heliospectra AB (Sweden), Agrolux (Netherlands), Valoya (Finland), LumiGrow (United States), California LightWorks (United States), Illumitex (United States), Everlight Electronics Co., Ltd. (Taiwan), Bridgelux, Inc. (United States), Sunlight Supply, Inc. (United States), Gavita International B.V. (Netherlands), Hortilux Schréder (Netherlands), VividGro (United States), Apogee Instruments, Inc. (United States), Black Dog LED (United States), Illumitex (United States), PARsource Lighting Solutions (United States), Others " etc and many more.

** Companies reported may vary subject to Name Change / Merger etc.

3) What details will competitive landscape will provide?

A value proposition chapter to gauge Global Agricultural Lighting market. 2-Page profiles of all listed company with 3 to 5 years financial data to track and comparison of business overview, product specification etc.

4) What all regional segmentation covered? Can specific country of interest be added?

Country that are included in the analysis are In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered?, The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa

** Countries of primary interest can be added if missing.

5) Is it possible to limit/customize scope of study to applications of our interest?

Yes, general version of study is broad, however if you have limited application in your scope & target, then study can also be customize to only those application. As of now it covers applications Livestock, Horticulture, Aquaculture.

** Depending upon the requirement the deliverable time may vary.

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To comprehend Global Agricultural Lighting market dynamics in the world mainly, the Global Agricultural Lighting market is analysed across major global regions. Customized study by specific regional or country can be provided, usually client prefers below

- North America: United States of America (US), Canada, and Mexico.
- South & Central America: Argentina, Chile, Colombia and Brazil.
- Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
- Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
- Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, and Philippines & Vietnam etc.) & Rest
- Oceania: Australia & New Zealand

Actual Numbers & In-Depth Analysis of Global Agricultural Lighting Market Size Estimation and Trends Available in Full Version of the Report.

Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.

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