Report Id: SNS/SEMI/2601 | July 2022 | Region: Global | 126 Pages
Report Scope & Overview:
Horticulture Lighting Market Size was valued at USD 3.15 billion in 2022, and is expected to reach USD 19.38 billion by 2030, and grow at a CAGR of 25.5% over the forecast period 2023-2030.
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.
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.
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.
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.
Led strip lighting
BY LIGHTING TYPE
Fruits and Vegetables
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.15 Billion|
|Market Size by 2030||US$ 19.38 Billion|
|CAGR||CAGR of 25.5% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 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
9. Global Horticulture Lighting Market Segmentation, by technology
9.3 Led strip lighting
9.4 High-Intensity Discharge
10. Global Horticulture Lighting Market Segmentation, By application
10.2 Vertical Farms
10.3 Indoor Farms
11. Global Horticulture Lighting Market Segmentation, By lighting type
12. Global Horticulture Lighting Market Segmentation, By cultivation
12.2 Fruits and Vegetables
13. Global Horticulture Lighting Market Segmentation, By Installation
13.2 New installations
13.3 Retrofit Installations
14. Regional Analysis
14.2 North America
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4.2 South Korea
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.3 South Africa
14.6 Latin America
14.6.3 Rest of Latin America
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.5 GE Lighting
15.10 California Lightworks
15.11 EYE Hortilux
15.12 Signify Holding
15.13 Hortilux Schreder
15.14 Hubbell Lighting
16.1 Competitive Benchmark
16.2 Market Share analysis
16.3 Recent Developments
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