Horticulture Lighting Market Report Scope & Overview:

Horticulture Lighting Market Size was valued at USD 3.76 billion in 2023, and is expected to reach USD 18.9 billion by 2031, and grow at a CAGR of 22.34% over the forecast period 2024-2031.

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 Analysis

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  • Government support

  • Adoption of SSL Technology.


  • Huge installation cost.

  • Cultivating a limited number of agronomic traits.


  • Consolidating trend of farm-to-table concept.

  • Advancement in technologies.


  • High cost of electricity.

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


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.



  • Hardware

  • Software

  • Services


  • Fluorescent

  • Led strip lighting

  • High-Intensity Discharge


  • Greenhouses

  • Vertical Farms

  • Indoor Farms


  • Toplighting

  • Interlighting


  • Fruits and Vegetables

  • Floriculture

  • Cannabis


  • New installations

  • Retrofit Installations

Horticulture-Lighting-Market Segmentation Analysis

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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.


  • 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


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 & Other Players.

GE Lighting-Company Financial Analysis

Company Landscape Analysis

Horticulture Lighting Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 3.76 Billion
Market Size by 2031 US$ 18.9 Billion
CAGR CAGR of 25.5% From 2024 to 2031
Base Year 2022
Forecast Period 2024-2031
Historical Data 2020-2021
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

The Horticulture Lighting Market size was valued at USD 3.76 billion in 2023 at a CAGR of 22.34%.

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

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Global Horticulture Lighting Market Segmentation, by offering


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


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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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