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Global Horticulture Lighting Market Research Report: Forecast (2024-2030)

Horticulture Lighting Market- By Application (Indoor Farming, Greenhouse, Vertical Farming), By Technology (High-Intensity Discharge (HID) (LED, High-Pressure Sodium Lamp), Fluores......cent (T5, CFL)), By Offering (Hardware, Software, Services), By Cultivation (Vegetable, Fruits, Floriculture, Others (Medicinal plants, Aromatic, etc.)), By Lighting Type (Top lighting, Inter lighting, Supplemental Lighting, Sole-Source Lighting, Photoperiodic Lighting), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Bridgelux Inc., EYE Hortilux, Maxigrow Ltd, Hortilux Schreder, Osram Licht AG, Gavita International BV, Lumileds, Agrolux, PARsource, Heliospectra, Signify, Valoya, California Lightworks, LumiGrow, EYE Hortilux, Others) Read more

Environment
Jun 2023
Pages 184
Report Format: PDF, Excel, PPT

Market Definition

Horticulture mainly deals with ornamental plants, garden crops, fruits, and vegetables. And artificial lights deployed to enable photosynthesis in such settings, when lacking natural daylight, are referred to as Horticulture lighting.

These are adopted in numerous urban farming applications such as indoor farming, vertical farming, greenhouses, and others to upscale the plants' growth. Since this practice requires specialized lighting, usually a mix of different wavelengths needed for plant development, the manufacturers focus on several parameters that help in measuring the optimal lighting and photosynthetic photon flux (PPF).

Market Insights & Analysis: Global Horticulture Lighting Market (2024-30)

The Global Horticulture Lighting Market size is valued at around USD 6.78 Billion in 2023 and is projected to grow at a CAGR of around 16.22% during the forecast period, i.e., 2024-30. The market is driven by the exponentially rising population throughout the world entwined with a rapid climate change, resulting in greater food demand and immense pressure on the agriculture industry. Such swift augmentation in need can only be satiated through additional modern ways like indoor farming that requires horticulture lighting. Additionally, the growing propensity for home-grown fruits and vegetables fuels the market during the forecast period.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	16.22%
Regions Covered	North America: USA, Canada, Mexico
	South America: Brazil, Argentina, Chile, Rest of South America
	Europe: The UK, Germany, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa
Key Companies Profiled	Bridgelux Inc., EYE Hortilux, Maxigrow Ltd, Hortilux Schreder, Osram Licht AG, Gavita International BV, Lumileds, Agrolux, PARsource, Heliospectra, Signify, Valoya, California Lightworks, LumiGrow, EYE Hortilux, Others
Market Value (2023)	USD 6.78 Billion

Besides, with the government demonstrating keenness in promoting the adoption of Controlled Environment Agriculture (CEA) practices and SSL technology, the market for horizontal lighting is anticipated to grow substantially in the forecast years. In addition, the vast influx of funds encouraging vertical farms & greenhouses projects, alongside the ongoing legalization of cannabis cultivation is further boosting the foothold of the players in the market.

Another prominent factor observing a positive influence on the market is a sudden rise in health consciousness after the pandemic, leading to more inclination toward healthy and organic food and thus furthering horticulture practices.

Moreover, the sudden shift towards sustainable living leads to the adoption of such light as they comply with the proper safety and performance requirements, further contributing to the market expansion. Furthermore, practices such as vertical framing and greenhouse are anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Horticulture Lighting Market during the projected time frame.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Preface
Executive Summary
Global Controlled Environment Agriculture Industry Outlook
1. By Regional Analysis
2. By Government Initiatives
Global Horticulture Lighting Market Trends & Insights
Global Horticulture Lighting Market Dynamics
1. Growth Drivers
2. Challenges
Global Horticulture Lighting Market Hotspot & Opportunities
Global Horticulture Lighting Market Policies & Regulations
Global Horticulture Lighting Market Supply Chain Analysis
Global Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
    1. Indoor Farming
    2. Greenhouse
    3. Vertical Farming
  2. By Technology
    1. High-Intensity Discharge (HID)
      1. LED
      2. High-Pressure Sodium Lamp
    2. Fluorescent
      1. T5
      2. CFL
  3. By Offering
    1. Hardware
    2. Software
    3. Services
  4. By Cultivation
    1. Vegetable
    2. Fruits
    3. Floriculture
    4. Others (Medicinal plants, Aromatic, etc.)
  5. By Lighting Type
    1. Top lighting
    2. Inter lighting
    3. Supplemental Lighting
    4. Sole-Source Lighting
    5. Photoperiodic Lighting
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  7. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
North America Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
  2. By Technology
  3. By Offering
  4. By Cultivation
  5. By Lighting
  6. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
4. Canada Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
5. Mexico Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
South America Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
  2. By Technology
  3. By Offering
  4. By Cultivation
  5. By Lighting
  6. By Country
    1. Brazil
    2. Argentina
    3. Chile
    4. Rest of South America
3. Brazil Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
4. Argentina Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
5. Chile Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
Europe Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
  2. By Technology
  3. By Offering
  4. By Cultivation
  5. By Lighting
  6. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
4. Germany Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
5. France Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
6. Italy Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
7. Spain Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
The Middle East & Africa Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
  2. By Technology
  3. By Offering
  4. By Cultivation
  5. By Lighting
  6. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of Middle East & Africa
3. The UAE Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
4. Saudi Arabia Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
5. South Africa Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
Asia-Pacific Horticulture Lighting Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
2. Market Share & Analysis
  1. By Application
  2. By Technology
  3. By Offering
  4. By Cultivation
  5. By Lighting
  6. By Country
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of Asia Pacific
3. China Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
4. Japan Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
5. South Korea Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
6. India Horticulture Lighting Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues (USD Million)
  2. Market Share & Analysis
    1. By Cultivation
    2. By Application
Global Horticulture Lighting Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Target Markets
  2. Research & Development
  3. Collaborations & Strategic Alliances
  4. Key Business Expansion Initiatives
  5. Business Restructuring- Mergers, Acquisitions, JVs
  6. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Bridgelux Inc.
  2. EYE Hortilux
  3. Maxigrow Ltd
  4. Hortilux Schreder
  5. Osram Licht AG
  6. Gavita International BV
  7. Lumileds
  8. Agrolux
  9. PARsource
  10. Heliospectra
  11. Signify
  12. Valoya
  13. California Lightworks
  14. LumiGrow
  15. EYE Hortilux
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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