Comprehensive Market Analysis on Agriculture lighting Market projected to reach USD 26.6 Billion by 2030 | CAGR of 12.3% | Forecast period 2023-2030, published by MarketDigits

Agriculture lighting Market Scope:
Market size value in 2023 - USD 11.8 Billion
Market size value in 2030 - USD 26.6 Billion
CAGR (2023-2030) - 12.3%
Forecast Period - 2023-2030
Segments Covered - Component, Application, Deployment Mode, Industry Vertical and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Current Lighting Solutions, LLC, DeLaval, Gavita International B.V, HATO Agricultural Lighting, Heliospectra AB, Hubbell Incorporated.

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Browse in-depth TOC on Agriculture lighting Market
178-Tables
95-Figures
332-Pages

Europe dominates the market for Agriculture lighting.
Europe is poised to achieve the highest CAGR between 2023 and 2030 within the agriculture lighting market. This projection is attributed to the region's robust economies and thriving industries, translating to enhanced capital investment capabilities. Notably, countries such as the Netherlands, Spain, France, and Italy boast extensive areas dedicated to greenhouse cultivation and a substantial number of livestock facilities for various agricultural activities, including milking and poultry farming.
The utilization of LED grow lights in Europe is undergoing a notable shift from serving as a supplementary lighting source to evolving into the primary light source for indoor farming operations. The region's economic strength and technological advancements have propelled the adoption of advanced agricultural practices, contributing to the increasing prominence of LED grow lights. Europe's population has experienced rapid growth, leading to a surge in the demand for fresh produce. Countries in the region, such as those mentioned, have responded by importing frozen fruits and vegetables from Africa and Asia to meet this demand. This burgeoning population, coupled with the need for year-round agricultural production, further propels the adoption of LED grow lights as a pivotal component of modern and efficient farming methods.

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Top Key Players Covered in the Report-
AKVA Group, ams OSRAM AG, California LightWorks, CBM Lighting, Current Lighting Solutions, LLC, DeLaval, Gavita International B.V, HATO Agricultural Lighting, Heliospectra AB, Hubbell Incorporated, Lely, Luminus, Inc., Samsung, Signify Holding, and Sunbird.

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Recent Developments-
In February 2023, ams-OSRAM AG, global leader in optical solutions, announced a collaboration using the OSLON Square platform and OSLON SSL LEDs with Revolution Microelectronics (US), a controlled agriculture environment designer, to provide lighting for GreenCare Collective's new futuristic facility. A perpetual harvest methodology developed by GreenCare Collective's cutting-edge facility uses seasonal programmed spectrum controls and cutting-edge crop steering techniques to produce an extra harvest of plants every year.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-agriculture-lighting-market-projected-to-reach-usd-3378-billion-by-2032

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