Horticulture Lighting Market to hit Significant Valuation by 2029, Growing at 28.80% CAGR | Major Market Players 2025 - Royal Philips Electronics BV, Heliospectra AB, OSRAM GmbH

Horticulture Lighting Market reached USD million in 2021 and is expected to record significant growth by reaching up to USD million by 2029, growing at a CAGR of 28.80% during the forecast period (2024-2031).

Horticulture lighting plays a vital role in optimizing plant growth by providing the precise light spectrum, intensity, and duration needed for different crop stages. Advanced lighting solutions, including LED grow lights, enable controlled indoor farming, greenhouses, and vertical agriculture to achieve higher yields and consistent quality year-round. These systems support photosynthesis, flowering, and fruiting while improving energy efficiency compared to traditional lighting. The growing adoption of urban farming and sustainable agriculture is driving innovation in horticulture lighting technologies. With smart controls, spectrum tuning, and automation, horticulture lighting is helping growers enhance productivity, reduce resource use, and meet the rising demand for fresh, high-quality produce.

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United States: Recent Industry Developments
✅ In November 2025, U.S. horticulture lighting companies launched next-generation LED grow lights with adjustable light spectra to optimize plant growth across different crop stages. This strengthens the U.S. position in controlled-environment agriculture.

✅ In October 2025, American indoor farming operators expanded investments in energy-efficient horticulture lighting systems, reducing electricity consumption while increasing crop yields. This supports sustainable food production initiatives.

✅ In September 2025, U.S. manufacturers integrated AI-based lighting controls with horticulture LEDs, enabling real-time adjustment of intensity and spectrum based on plant health and environmental conditions.

Japan: Recent Industry Developments
✅ In November 2025, Japanese lighting companies introduced compact, high-efficiency horticulture LEDs designed for vertical farms and urban agriculture, addressing space constraints in metropolitan areas.

✅ In October 2025, Japan-based growers adopted smart horticulture lighting systems integrated with IoT sensors to improve plant growth precision and reduce operational costs.

✅ In September 2025, research institutes collaborated with lighting manufacturers to develop crop-specific light recipes, enhancing yield and nutritional content in leafy greens and fruits.

Key Merges and Acquisitions(2025):
✅ Signify (Philips Horticulture LED Solutions) - strengthened its horticulture lighting portfolio in 2025 by acquiring a plant-science-driven LED optimization startup, enhancing spectrum control, energy efficiency, and crop-specific lighting recipes for indoor and vertical farms.

✅ OSRAM - expanded its controlled-environment agriculture offerings through the acquisition of a smart lighting controls company, enabling adaptive light intensity, photoperiod automation, and data-driven yield optimization for greenhouse operators.

✅ Global AgriTech Lighting Consortium - pursued strategic acquisitions in 2025 targeting emerging horticulture lighting startups focused on AI-guided spectrum tuning, ultra-efficient LED modules, and integration with climate control systems to capture rising demand in the fast-growing controlled-environment agriculture market.

Market Segmentation Analysis - Horticulture Lighting
- By Installation Type
New installations lead with around 55% share, driven by rapid expansion of controlled-environment agriculture, vertical farming, and greenhouse infrastructure worldwide. These installations allow optimized lighting layouts and integration with advanced control systems. Retrofit installations account for about 45%, supported by the replacement of traditional lighting with energy-efficient horticulture lighting in existing greenhouses and indoor farms.

- By Offering
Hardware dominates with nearly 60% share, including lamps, luminaires, and drivers that form the backbone of horticulture lighting systems. Software holds about 25%, driven by the adoption of smart lighting controls, automation, and data-driven crop optimization platforms. Services account for roughly 15%, covering installation, maintenance, and consulting services for commercial growers.

- By Lighting
LED lighting leads with approximately 50% share, driven by energy efficiency, spectral tuning capability, and long operational life. High-intensity discharge (HID) lighting holds around 30%, still widely used in large greenhouses for high-output applications. Other lighting types represent about 20%, including fluorescent and plasma lighting used in niche or research-oriented cultivation setups.

- By Cultivation
Greenhouse cultivation dominates with nearly 40% share, supported by year-round production and improved yield efficiency. Indoor farming holds around 30%, fueled by urban agriculture and vertical farming initiatives. Vertical farming accounts for about 20%, driven by space optimization and high-value crop production. Other cultivation methods represent roughly 10%, including open-field supplemental lighting and research facilities.

- By Technology
Full-spectrum lighting leads with around 45% share, enabling optimized plant growth across different stages. Partial-spectrum lighting holds about 35%, commonly used for specific crop or growth-phase requirements. Other technologies account for around 20%, including smart adaptive lighting and sensor-integrated systems.

- By Application
Commercial greenhouses dominate with nearly 35% share, driven by large-scale vegetable, fruit, and flower production. Indoor farms hold about 25%, supporting herbs, leafy greens, and specialty crops. Vertical farms account for roughly 20%, focused on high-yield and premium produce. Other applications represent around 20%, including research, nurseries, and turf & landscaping.

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Growth Drivers:
- Rising adoption of controlled environment agriculture, including greenhouses and vertical farms, driving demand for advanced horticulture lighting solutions.

- Increasing need for year-round crop production and higher yields, especially in urban and climate-challenged regions.

- Growing shift toward energy-efficient LED lighting systems that offer spectrum control, longer lifespan, and reduced operational costs.

- Advancements in smart lighting technologies, including IoT-enabled controls and AI-driven light optimization for different crop growth stages.

- Expanding applications across commercial greenhouses, indoor farms, research facilities, and specialty crop cultivation, supported by investments in sustainable agriculture.

Regional Insights
- North America holds a leading position, accounting for around 33% of global revenues, driven by widespread adoption of indoor farming, vertical agriculture, and cannabis cultivation, along with strong investment in LED-based lighting technologies. The U.S. dominates regional demand, supported by advanced controlled-environment agriculture and favorable technology adoption.

- Europe represents a significant share, typically around 29%, supported by strong greenhouse horticulture, sustainability-focused farming practices, and early adoption of energy-efficient LED grow lights in countries such as the Netherlands, Germany, and the U.K. Government initiatives promoting sustainable agriculture further support market growth.

- Asia-Pacific is the fastest-growing region, holding approximately 27% of global share, fueled by rapid urbanization, food security concerns, and expanding use of controlled-environment farming in China, Japan, South Korea, and India. Rising investments in smart agriculture and greenhouse technologies are accelerating adoption.

- South America accounts for around 6% of the market, driven by growing greenhouse farming, export-oriented horticulture, and increasing use of supplemental lighting in Brazil, Chile, and Colombia.

- Middle East & Africa represent about 5%, supported by rising adoption of indoor farming to address water scarcity, expansion of greenhouse projects, and increasing investment in agri-technology in the UAE, Saudi Arabia, and South Africa.

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Key Players:
Royal Philips Electronics BV, Heliospectra AB, OSRAM GmbH, Illumitex Inc., LumiGrow Inc., Everlight Electronics Co. Ltd, Gavita International BV, Epistar Corp., Grow LED Hydro and Samsung Electronics Co. Ltd.

Key Highlights (Top 3 Key Players) for Horticulture Lighting :
- Royal Philips Electronics BV (Signify) generates strong revenue from its horticulture lighting portfolio, delivering advanced LED grow light solutions for greenhouses and indoor farms, supported by spectrum optimization technologies and long-term partnerships with commercial growers worldwide.

- Heliospectra AB records steady revenues from intelligent LED horticulture lighting systems, leveraging tunable spectra, data-driven controls, and precision agriculture solutions tailored for greenhouse and vertical farming applications.

- OSRAM GmbH drives substantial revenue through high-performance horticulture LEDs and lighting components, supplying energy-efficient, spectrum-specific solutions backed by deep optoelectronics expertise and a global customer base.

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