Horticulture Lighting Market Projected to Achieve USD 11.53 Billion by 2030, Growing at 21.4 Percentage CAGR

𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 2.96 Billion in 2023 and the total Horticulture Lighting Market revenue is expected to grow at a CAGR of 21.4% from 2024 to 2030, reaching nearly USD 11.53 Billion.

𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The horticulture lighting market is experiencing exponential growth, driven by the increasing adoption of controlled-environment agriculture, vertical farming, and greenhouse technologies. Valued at USD 2.96 billion in 2023, the market is expected to grow at an impressive CAGR of 21.4%, reaching USD 11.53 billion by 2030. The growing global population and urbanization trends have heightened the demand for fresh, locally sourced produce, encouraging innovative farming practices that rely on advanced lighting systems. Technologies such as LED lighting have revolutionized the sector, offering energy-efficient and spectrum-customizable solutions that enhance crop yields and reduce operating costs. Governments and regulatory bodies worldwide are introducing policies and subsidies to support sustainable agricultural practices, further boosting market expansion. Additionally, the legalization of cannis in several countries has significantly contributed to the rising demand for specialized horticulture lighting systems designed for this high-value crop.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/64549/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:

The horticulture lighting market is primarily driven by the rapid adoption of indoor farming techniques and the need for year-round agricultural productivity. Urban areas are facing diminishing arable land, necessitating innovative solutions like vertical farming, which rely heavily on horticulture lighting. Energy-efficient LED lighting solutions are gaining traction, offering customizable spectrums that cater to specific plant requirements while reducing energy consumption. The increasing legalization of canbis cultivation in regions such as North America and Europe has further amplified the demand for precise lighting systems to optimize growth cycles. Governments and private organizations are investing heavily in agricultural innovation, providing subsidies and incentives for adopting sustainable farming practices. Technological advancements, such as smart lighting systems equipped with IoT and AI capabilities, enable farmers to monitor and adjust light settings remotely, improving efficiency and crop quality. These drivers collectively create a thriving market landscape for horticulture lighting solutions.

𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the horticulture lighting market indicate a shift toward more sustainable and technologically advanced solutions. LED lighting has become the preferred choice for most farmers due to its energy efficiency, longer lifespan, and ability to provide specific light wavelengths for optimal plant growth. Smart lighting systems integrated with AI and IoT technology are gaining popularity, allowing real-time monitoring and adjustment of light settings to suit different growth stages. Vertical farming is a key trend reshaping the industry, particularly in urban areas where space constraints drive the need for compact and efficient solutions. The rising focus on reducing carbon footprints has encouraged the development of eco-friendly and recyclable lighting products. Additionally, research in plant photobiology is advancing, enabling the creation of light spectrums that enhance plant productivity, taste, and nutritional value. Collaborative efforts between lighting manufacturers and agricultural technology firms are driving innovation, ensuring the development of next-generation solutions for the dynamic demands of modern agriculture.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/64549/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's growing emphasis on agricultural modernization has made it a fertile ground for horticulture lighting innovations. Government initiatives aimed at enhancing food security and promoting sustainable farming practices are driving demand for advanced lighting solutions. Collaborations between global players and local enterprises, such as Rang Dong Light Source and Vacuum Flask JSC, are enabling the adoption of LED technology in greenhouses. Vietnam's market is expected to grow at a CAGR of 22.5%, supported by investments in smart farming and renewable energy solutions.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand is embracing cutting-edge horticulture lighting solutions as part of its sustainable agriculture strategy. The government's push for energy-efficient farming techniques has spurred investments in LED and smart lighting systems. Mergers such as Thai AgriTech's partnership with global leaders in IoT-enabled horticulture lighting are reshaping the market landscape. Thailand's horticulture lighting market is anticipated to grow at a CAGR of 20.8%, driven by advancements in vertical farming and greenhouse cultivation.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Japan remains at the forefront of innovation in horticulture lighting, leveraging its expertise in technology to develop sustainable farming solutions. Companies like Ushio Inc. are pioneering advanced lighting systems tailored to local crops and weather conditions. The country has also seen significant collaborations between agricultural research institutes and lighting manufacturers to enhance productivity. With a CAGR of 21.0%, Japan's horticulture lighting market is poised for robust growth, driven by its focus on climate-resilient agriculture and urban farming.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

South Korea's horticulture lighting market is witnessing notable consolidation, with major players collaborating to expand their market presence. Companies like LG Innotek are leading the way by integrating smart technologies into lighting systems. Government incentives for high-tech farming and sustainability initiatives have further propelled the market. South Korea's horticulture lighting market is projected to grow at a CAGR of 21.7%, supported by advancements in controlled-environment agriculture and energy-efficient technologies.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Singapore's urban farming initiatives are fueling demand for advanced horticulture lighting systems. The government's investments in vertical farming and agri-tech innovations have positioned the city-state as a hub for cutting-edge solutions. Companies like Signify (Philips Lighting) are collaborating with local farms to deploy smart LED systems tailored to Singapore's unique agricultural needs. The market is expected to grow at a CAGR of 22.2%, with opportunities stemming from urban agriculture and sustainable practices.

𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒
The United States remains a dominant player in the horticulture lighting market, driven by technological advancements and the expanding legal caabis industry. Major companies such as Heliospectra AB and Fluence by OSRAM are investing heavily in R&D to develop energy-efficient and crop-specific lighting solutions. Federal and state-level incentives for sustainable farming are also boosting market growth. The US market is projected to grow at a CAGR of 20.5%, underpinned by innovations in smart farming and large-scale greenhouse projects.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Europe's horticulture lighting market is characterized by its commitment to sustainability and stringent environmental regulations. Key players like OSRAM GmbH and Hortilux Schréder are leading the market with eco-friendly and energy-efficient lighting solutions. The European Union's Green Deal and investments in agri-tech are accelerating the adoption of advanced lighting systems across the region. Europe's market is expected to grow at a CAGR of 20.9%, supported by innovations in greenhouse farming and renewable energy integration.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/64549/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:

by Offering

Hardware
Software
Services

by Lighting Type

Top-lighting
Inter-lighting
Photoperiodic lighting
Supplemental lighting
Sole-source lighting

by Deployment

Turnkey solutions
Retrofit solutions

by Cultivationl

Fruits & Vegetables
Floriculture

by Technology

Fluorescent Lamps
High-Intensity Discharge (HID) Lights
LED Lights
Other Technologies

by Application

Greenhouses
Vertical Farming
Indoor Farming
Others

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐇𝐨𝐫𝐭𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Signify Holding
2. Gavita International B.V.
3. GE Lighting
4. OSRAM GmbH
5. Agrolux
6. Heliospectra AB
7. Hortilux Schréder B.V.
8. Lumileds Holding B.V.
9. PARsource
10.Illumitex Inc.
11.Hubbell Inc.
12.Maxigrow
13.Bridgelux
14.Eye Hortilux
15.Lumigrow
16.Excite LED Grow Lights
17.Greens Hydroponics
18.UPSHINE Lighting
19.TESLUX Lighting s.r.o.
20.Hortisystems UK Ltd
21.ProGrowTech
22.Ronfell Group
23.SAMSUNG Electronics Co. Ltd.
24.BSSLED Manufacturing Ltd.
25.Forge Europa
26.Cropmaster LED
27.TE Connectivity Ltd.
28.Cree, Inc.
29.DiCon Lighting
30.Valoya
31.EVERLIGHT

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-horticulture-lighting-market/64549/

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