Agriculture lighting Market Growth | Trends, Demand & Key Players 2024-2032 | AKVA Group, ams OSRAM AG, California LightWorks

The agricultural lighting sector is experiencing significant expansion as global demand for controlled-environment agriculture like indoor and vertical farming keeps increasing. Lighting technologies, especially LED and full-spectrum lighting, play a vital role in optimizing plant growth cycles, boosting crop yield, and increasing nutrient content, which are indispensable for year-round cultivation in indoor settings. Significant trends in this market involve innovations in energy-efficient lighting options designed for different plant species and growth stages, as well as the incorporation of smart controls enabling farmers to remotely modify light intensity, spectrum, and timing. The agricultural technology sector is experiencing advantages from advancements in lighting, sensor integration, and automation, converting conventional farming into data-oriented smart farming. These advanced agricultural technologies enable farmers to accurately track environmental factors, lowering energy expenses and enhancing efficiency. With the emphasis on sustainable and efficient farming practices, the agricultural lighting sector and the wider agri-tech field are set for ongoing expansion, promoting high-yield and eco-friendly agricultural techniques globally.

The Agriculture lighting Market is Valued USD 11.8 billion by 2024 and projected to reach USD 33.78 billion by 2032, growing at a CAGR of 12.4% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this 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. and others.

Recent Development:

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.

In January 2023, Energous Corporation (US), a leading developer of RF-based charging for wireless power networks, and ams-OSRAM AG, a leader in optical solutions, announced a collaboration on a wirelessly powered multi-spectral light sensor for Controlled-Environment Agriculture and vertical farming. These sensors allow farmers to manage their lighting in the most efficient way possible.

Agriculture lighting Market Segmentation:

By Component:
Lamps
Luminaries
Lighting Controls
Sensing Devices
Others (Timer, Accessories, etc.)

By Light Source:
Incandescent Lamps
Fluorescent Lamps
High Intensity Discharge Lamps
LEDs
Others (Halogen, Metal-halide, etc.)

By Wattage Type:
Up to 100W
100W - 300W
300W - 500W
Above 500W

By Application:
Horticulture
Livestock
Aquaculture
Vertical Farming

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Agriculture lighting Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Agriculture lighting Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Agriculture lighting Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Agriculture lighting Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Agriculture lighting Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Agriculture lighting Market?
What are the major market trends influencing the growth of the global Agriculture lighting Market?
What are the challenges for market growth?
Who are the key vendors in the global Agriculture lighting Market?
What market opportunities and threats are vendors facing in the global Agriculture lighting Market?
What are the main findings of the five forces analysis of the global Agriculture lighting Market?

Conclusion: At the end of the Agriculture lighting Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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