Press release
Horticulture Lighting Market Growth in Future Scope 2024-2031
Global Horticulture Lighting Market size was valued at USD 4.15 Billion in 2022 and is poised to grow from USD 5.69 Billion in 2023 to USD 71.54 Billion by 2031, at a CAGR of 37.21% during the forecast period (2024-2031).The Research report on Horticulture Lighting Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Technology
Fluorescent, HID, LED
Spectrum
Partial and Full
Market Dynamics
Drivers
Rising Adoption of LED Technology
The shift from traditional lighting technologies to LED lighting is a major driver in the horticulture lighting market. LED lighting offers energy efficiency, longer lifespan, and the ability to customize light spectra, allowing growers to create optimal lighting conditions for specific crops.
Demand for High-Quality and Locally Grown Produce
Consumers are increasingly seeking fresh, locally grown, and pesticide-free produce. Horticulture lighting enables growers to cultivate high-quality crops closer to urban areas, reducing transportation costs and ensuring a steady supply of fresh produce
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Signify NV (Netherlands)• OSRAM GmbH (Germany)• General Electric Company (United States)• Heliospectra AB (Sweden)• Cree, Inc. (United States)• Valoya Oy (Finland)• California LightWorks (United States)• Hubbell Incorporated (United States)• LumiGrow, Inc. (United States)• Illumitex Inc. (United States)• Everlight Electronics Co., Ltd. (Taiwan)• GE Lighting Solutions, LLC (United States)• Hortilux Schréder B.V. (Netherlands)• Gavita International B.V. (Netherlands)• Current, powered by GE (United States)• BIOS Lighting (United States)• Agrolux (Netherlands)• Fluence by OSRAM (United States)• PARsource (United States)• Plessey Semiconductors Ltd. (United Kingdom)
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/horticulture-lighting-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Horticulture Lighting Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Horticulture Lighting Market?
• What are the prominent market trends influencing the development of the Horticulture Lighting Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Horticulture Lighting Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (!) 351-333-4748
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