China Taiwan Crises
Horticulture Lighting Market

Horticulture Lighting Market Size, Share & Segment By Offering (Hardware, Software, Services) By Technology (Fluorescent, Led Strip Lighting, High-Intensity Discharge) By Application (Greenhouses, Vertical Farms, Indoor Farms) By Lighting Type (Toplighting, Interlighting) By Cultivation (Fruits And Vegetables, Floriculture, Cannabis) By Installation (New Installations, Retrofit Installations), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2601 | July 2022 | Region: Global | 126 Pages

Report Scope & Overview:

Horticulture Lighting Market Size was valued at USD 2.51 billion in 2021, and is expected to reach USD 12.30 billion by 2028, and grow at a CAGR of 25.5% over the forecast period 2022-2028.

The horticultural agricultural area that deals with horticultural crops such as fruits, vegetables, and decorative plants is known as horticulture. Horticulture Lighting is a synthetic light source used to aid the process of photosynthesis in plants. This method is especially useful in regions where there is a lack of adequate sunlight. Without sunlight and any other light source needed for photosynthesis, plants can reproduce and reproduce. According to industry analysts, the benefits of year-round crop production using horticulture lighting will have a significant impact on the horticulture lighting business.

Horticulture Lighting Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • Government support

  • Adoption of SSL Technology.

RESTRAINTS: 

  • Huge installation cost.

  • Cultivating a limited number of agronomic traits.

OPPORTUNITIES:

  • Consolidating trend of farm-to-table concept.

  • Advancement in technologies.

CHALLENGES: 

  • High cost of electricity.

  • Under horticultural light conditions, only a few crop species are grown.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

Due to the high prevalence of the COVID-19 disease in recent years, the coronavirus has had very little impact on Horticulture Lighting industry. During the closure of China, only the packaging industry suffered from limited staffing. As a result, it is unlikely that the ecology of the LED industry and the supply chain structure will change significantly in the near future.

Based on Offering, the horticulture lighting market is segmented into Hardware, Software and Services.

Based on Application, the horticulture lighting market is segmented into Greenhouses, Vertical Farms and Indoor Farms among all of them greenhouse are most popular for horticulture lighting market.

COMPETITIVE LANDSCAPE:

The key players in the Global Horticulture Lighting Market Bridgelux, LumiGrow, Maxigrow, GE Lighting, Lumileds, Agrolux, Illumitex, Gavita, California Lightworks, EYE Hortilux, Signify Holding, Hortilux Schreder, Hubbell Lighting, PARsource, OSRAM, Valoya, Helliospectra and Other.

MARKET SEGMENTATION:

BY OFFERING

  • Hardware

  • Software

  • Services

BY TECHNOLOGY

  • Fluorescent

  • Led strip lighting

  • High-Intensity Discharge

BY APPLICATION

  • Greenhouses

  • Vertical Farms

  • Indoor Farms

BY LIGHTING TYPE

  • Toplighting

  • Interlighting

BY CULTIVATION

  • Fruits and Vegetables

  • Floriculture

  • Cannabis

BY INSTALLATION

  • New installations

  • Retrofit Installations

Horticulture Lighting Market Segment Pie Chart

REGIONAL ANALYSIS:

On a regional basis, the global horticulture lighting market is divided into North America, Europe, Asia Pacific, and the rest of the world. Europe is a leading market for horticulture lamps, thanks to the rise of urban farming and technological advances in agricultural machinery in the region. The United Kingdom, Germany and France are the three most important countries in Europe. When light contributes about 15-20% of total energy consumption in the UK business sector, according to the Energy Saving Trust. European companies have encouraged the use of electronic lighting in new systems such as home heating systems to develop new electronic lighting technologies.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Horticulture Lighting Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.51 Billion
Market Size by 2028 US$ 12.30 Billion
CAGR CAGR of 25.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Offering (Hardware, Software, Services)
• By Technology (Fluorescent, Led Strip Lighting, High-Intensity Discharge)
• By Application (Greenhouses, Vertical Farms, Indoor Farms)
• By Lighting Type (Toplighting, Interlighting)
• By Cultivation (Fruits And Vegetables, Floriculture, Cannabis)
• By Installation (New Installations, Retrofit Installations)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Bridgelux, LumiGrow, Maxigrow, GE Lighting, Lumileds, Agrolux, Illumitex, Gavita, California Lightworks, EYE Hortilux, Signify Holding, Hortilux Schreder, Hubbell Lighting, PARsource, OSRAM, Valoya, Helliospectra and Other.
Key Drivers • Government support
• Adoption of SSL Technology.
RESTRAINTS • Huge installation cost.
• Cultivating a limited number of agronomic traits.


Frequently Asked Questions (FAQ) :

The Horticulture Lighting Market size was valued at 2.5 billion in 2021 at a CAGR of 25.5%.

Consolidating trend of farm-to-table concept, and advancement in technologies are the opportunities in Horticulture Lighting Market.

The key players in the Horticulture Lighting Market Bridgelux, LumiGrow, Maxigrow, GE Lighting, Lumileds, Agrolux, Illumitex, Gavita, California Lightworks, EYE Hortilux, Signify Holding, Hortilux Schreder, Hubbell Lighting, PARsource, OSRAM, Valoya, Helliospectra and Other.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Global Horticulture Lighting Market Segmentation, by offering

8.1Introduction

8.2 Hardware

8.3 Software

8.4 Services

8.5 Other

 

9. Global Horticulture Lighting Market Segmentation, by technology

9.1 Introduction

9.2 Fluorescent

9.3 Led strip lighting

9.4 High-Intensity Discharge

9.5 Other

 

10. Global Horticulture Lighting Market Segmentation, By application

10.1 Greenhouses

10.2 Vertical Farms

10.3 Indoor Farms

10.4 Others

 

11. Global Horticulture Lighting Market Segmentation, By lighting type

11.1 Introduction

11.2 Toplighting

11.3 Interlighting

11.5 Others   

 

12. Global Horticulture Lighting Market Segmentation, By cultivation

12.1 Introduction

12.2 Fruits and Vegetables

12.3 Floriculture

12.4 Cannabis

12.5 Other

 

13. Global Horticulture Lighting Market Segmentation, By Installation

13.1 Introduction

13.2 New installations

13.3 Retrofit Installations

13.4 Other

 

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

 

 

15.Company Profiles

15.1 LumiGrow.

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Bridgelux

15.3 LumiGrow

15.4 Maxigrow

15.5 GE Lighting

15.6 Lumileds

15.7 Agrolux

15.8 Illumitex

15.9 Gavita

15.10 California Lightworks

15.11 EYE Hortilux

15.12 Signify Holding

15.13 Hortilux Schreder

15.14 Hubbell Lighting

15.15 PARsource

15.16 OSRAM

15.17 Valoya

15.18 Helliospectra

15.19 Other

 

16.Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share analysis

16.3 Recent Developments

 

17.Conclusion

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Secondary Research

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