Shedding light on the future of farming, the horticulture lighting market is a kaleidoscope of innovation that nurtures both plants and dreams, illuminating pathways to sustainable agriculture.

In the realm of modern agriculture, where technology continually evolves to meet growing demands, horticulture lighting stands out as a pivotal innovation. This specialized form of lighting has revolutionized the way plants are grown indoors, enabling year-round cultivation in controlled environments and maximizing crop yields. From enhancing photosynthesis to manipulating growth patterns, horticulture lighting has become indispensable to the agricultural industry. Horticulture lighting refers to the use of artificial light sources to facilitate plant growth beyond natural sunlight. While sunlight remains the primary energy source for photosynthesis in outdoor settings, indoor environments or greenhouses necessitate supplementary lighting to maintain optimal growth conditions. For instance, Samsung Electronics Ltd offered indoor and horticulture lighting solutions such as LM301H EVO, LM301H and others for leafy greens, and other white LEDs. In addition, LEDiL lighting solutions provider offers DAHLIA-TL110 models of the Horticultural lightings. These lightings with a specific wavelength effectively suppress the growth of microbes on crops. This helps to cultivate fresher crops with an extended shelf-life that benefits consumers directly. Everlight Electronics Co. Ltd. launched the 3030-ELB, 3535-ELC, 2835-ELB, 5630X-ELB, and LED lights ELB series. These products offer optimized illumination for farmers to enhance crop yields. According to the research report, "Global Horticulture Lighting Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 18 Billion by 2029, increasing from USD 6.21 Billion in 2023. The market is expected to grow with 20% CAGR by 2024-29. Traditional agriculture is highly dependent on seasonal changes and natural sunlight, limiting the ability to grow crops year-round in many regions.

Light Emitting Diodes (LEDs) have emerged as the predominant technology in the horticulture lighting market primarily because they offer a combination of benefits unmatched by traditional lighting sources. Firstly, LEDs are highly energy-efficient, converting a significant portion of electrical energy into usable light for plants. This efficiency translates into reduced operational costs and lower energy consumption compared to older technologies like High-Pressure Sodium (HPS) or Metal Halide (MH) lamps. Secondly, LEDs allow for precise control over the spectral output of light. Different wavelengths of light affect plant growth and development in distinct ways, influencing factors such as flowering, fruiting, and overall biomass production. Toplighting has emerged as a dominant technology in the horticulture lighting market primarily because of its effectiveness in delivering consistent and uniform light to plants grown indoors or in controlled environments. Unlike traditional methods where light sources are placed at the sides or bottom of plants, top lighting fixtures are positioned above the canopy, ensuring even distribution of light across the entire growing area. This uniformity minimizes shading effects and ensures that all parts of the plant receive adequate light for photosynthesis, resulting in more balanced growth and higher yields. Moreover, top lighting fixtures are designed to maximize light penetration into the canopy of plants.

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The prominence of fruits and vegetables in the horticulture lighting market is driven by the crucial role that light plays in the growth, development, and quality of these crops. Light serves as an essential factor influencing photosynthesis, plant morphology, and the accumulation of nutrients and phytochemicals that contribute to overall crop yield and nutritional value. In controlled environment agriculture, such as indoor farms and greenhouses, where natural sunlight may be limited or inconsistent, artificial lighting becomes indispensable for maintaining optimal growth conditions year-round. Fruits and vegetables have specific requirements for light quality (wavelengths) and intensity to maximize their growth and yield potential. Different stages of plant growth, from seedling to flowering and fruiting, demand varying light spectra. For instance, blue and red light wavelengths are crucial during vegetative growth, promoting leaf expansion and biomass accumulation, while a balanced spectrum that includes far-red light can stimulate flowering and fruit development. Greenhouses have emerged as a dominant end-user segment in the horticulture lighting market primarily because they offer a controlled environment where supplemental lighting can be effectively utilized to extend growing seasons and optimize crop production. Unlike open-field agriculture, greenhouses provide protection from adverse weather conditions, pests, and diseases while allowing growers to manipulate environmental variables such as temperature, humidity, and light exposure. This controlled environment is crucial for maximizing the benefits of horticulture lighting, especially in regions with limited sunlight or harsh climates where natural light may be insufficient or inconsistent.

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North America is the dominating region in the horticulture lighting market, which is observed quite significantly because of the growth in the Controlled Environment Agriculture, or CEA, that includes vertical farming and greenhouse cultivation. This move towards sustainability and energy efficiency certainly aligns with the adoption of innovative horticultural lighting technologies. Moreover, there are government incentives in place for rebates on energy-efficient lighting given to growers. Further, this market is also marked by continuous innovation and collaboration about the technology of horticultural lighting. Horticulture lighting is expected to capture maximum market size in Europe, accounted for by aggressive adoption of advanced agricultural practices and vertical farming techniques due to less availability of arable land and adverse climate conditions. The emphasis of sustainability in the region, combined with the presence of numerous industry players, accounts for its market leadership. Rising numbers of commercial greenhouse farms and further growth in urban agriculture guarantee an excellent opportunity for the European market to capitalize on increasing demand for quality horticultural lighting solutions. Growth in this market will be sustained as the number of growers continues to seek effective lighting options to enhance crop yield and quality.

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The Asia-Pacific region is anticipated to witness rapid growth in the horticulture lighting market, driven by rising urbanization, increased food demand, and the expansion of vertical farming initiatives. China, Japan, and India remain at the forefront of adopting innovative horticultural technologies. In this region, growing adoption of controlled environment agriculture practices will positively drive the demand for specialized lighting solutions tailored for various cultivation methods. Horticulture lighting is slowly picking pace in South America due to increased awareness of modern agricultural practices. Countries like Brazil and Argentina embrace the use of advanced horticultural lighting to boost crop yields and quality. Climate variability remains the biggest challenge in the agricultural sector of the region. Thus, the region needs efficient lighting solutions to enhance productivity in controlled environments. The more growers become aware of the numerous advantages associated with horticultural lighting, the more prospects expand in the South American market. The Middle East and Africa are another developing segment of the horticulture lighting market. There are some unique challenges that they face, such as water scarcity and very arid climates, and a need for innovative agricultural solutions such as indoor farming and vertical gardens. Countries like the UAE invest a lot in smart agriculture technologies, with advanced lighting systems to optimize resource utilization and maximize crop output. As urbanization steadily rises in this region, there will most likely be an increased focus on sustainable farming practices that employ horticultural lighting.

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Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global horticulture lighting market with its value and forecast along with its segments
• Region & Country-wise horticulture lighting market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

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

By Lighting Type
• Toplighting
• Interlighting

By Application
• Fruits & Vegetables
• Floriculture

By End-use Industry
• Greenhouses
• Vertical Farming
• Indoor Farms

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

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This release was published on openPR.