Global Horticulture Lighting

Global Horticulture Lighting Market Research Report: Forecast (2023-2028)

By Application (Indoor Farming, Greenhouse, Vertical Farming), By Technology (High-Intensity Discharge (HID) (LED, High-Pressure Sodium Lamp), Fluorescent (T5, CFL)), By Offering (Hardware, Software, Read more

  • Environment
  • Nov 2022
  • 184
  • ET55025

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

The Global Horticulture Lighting Market is projected to grow at a CAGR of around 21.1% during the forecast period, i.e., 2023-28. 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: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 21.1%
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
Unit Denominations USD Million/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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Preface
  4. Executive Summary
  5. Global Controlled Environment Agriculture Industry Outlook
    1. By Regional Analysis
    2. By Government Initiatives
  6. Global Horticulture Lighting Market Trends & Insights
  7. Global Horticulture Lighting Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Horticulture Lighting Market Hotspot & Opportunities
  9. Global Horticulture Lighting Market Policies & Regulations
  10. Global Horticulture Lighting Market Supply Chain Analysis
  11. Global Horticulture Lighting Market Outlook, 2018-2028F
    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
  12. North America Horticulture Lighting Market Outlook, 2018-2028F
    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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Cultivation
        2. By Application
  13. South America Horticulture Lighting Market Outlook, 2018-2028F
    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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Cultivation
        2. By Application
  14. Europe Horticulture Lighting Market Outlook, 2018-2028F
    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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Cultivation
        2. By Application
  15. The Middle East & Africa Horticulture Lighting Market Outlook, 2018-2028F
    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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Cultivation
        2. By Application
  16. Asia-Pacific Horticulture Lighting Market Outlook, 2018-2028F
    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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      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, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Cultivation
        2. By Application
  17. Global Horticulture Lighting Market Key Strategic Imperatives for Success & Growth
  18. 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
  19. Disclaimer
Horticulture Lighting Market Segmentation Slide
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