The globe Lighting in horticulture The market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also highlights the significant factors driving and restraining the market growth, which are expected to influence the market growth during the forecast period. Global Horticultural Lighting Market studies the market scenario to generate growth forecast for Horticultural Lighting industry for the forecast period 2020-2028.
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The global horticultural lighting market size reached US$2.46 billion in 2020 and is expected to register a double-digit CAGR of 21.0% during the forecast period. Market revenue growth is mainly driven by increasing demand for energy efficient light emitting diodes (LEDs) in horticulture to maximize crop yield and reduce energy consumption. Constantly changing and unfavorable weather conditions for agriculture in all regions is another factor that drives the demand for horticultural lights to maintain a controlled environment suitable for agriculture. Increasing initiatives by governments to encourage the adoption of Controlled Environment Agriculture (CEA) practices are expected to further fuel the growth of the horticultural lighting market. The growing trend towards indoor growing and precision farming contributes to the increasing demand for horticultural lighting techniques and systems. Farmers are cultivating crops using unconventional methods as the need for faster access to fresh produce increases and the ability of unconventional methods to ensure a certain level of food security is currently driving market growth due to the rapid increase in world population. The adoption of indoor and outdoor farming practices among farmers has increased mainly due to strict environmental norms and various limitations of traditional farming practices. The implementation of strict government regulations regarding the use of chemical fertilizers and the impact on the environment, as well as the need for significant arable land, reasonable amounts of water, and adverse environmental effects of chemical pesticides and fertilizers are some factors to consider. These factors are leading to an increasing preference and viability of indoor farming practices and support the use of horticultural lighting such as LED lighting systems.
The report on the global Horticultural Lighting Market provides complete coverage of the companies’ data including details of their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, distribution network and channel, financial condition and market position for horticultural lighting .
The report also examines business strategies and strategic alliances made by companies to penetrate the Horticultural Lighting market. The report highlights the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
The main companies examined in the report are:
Signify, Gavita International BV, Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX and ILUMINAR Lighting
What is covered in the report:
- Horticultural Lighting Market size in terms of revenue and volume
- Driving and restraining forces of Horticultural Lighting market
- Segment analysis divided into different subcategories
- Horticultural Lighting market share analysis of major competitors
- New product launch strategies
- location analysis
- Horticultural Lighting market forecast and growth forecast
- Value chain and competitive matrix analysis
- Analysis of production and consumption trends
- Regulatory compliance affects the production process
- Alternative material sources and processes
- Customer Mapping Strategies
- Reducing the utilization of the facilities
- Sourcing sources for raw materials
- Development of alternative chemical routes to increase efficiency
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The report offers an accurate forecast estimation of Horticultural Lighting industry on the basis of the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and to benefit from the emerging growth prospects in the Horticultural Lighting market. The report examines the historical data of the Horticultural Lighting market and offers valuable information on the main segments and sub-segments, revenue generation, demand and supply scenario, trends and other important aspects.
Segments covered in this report are:
Lighting Type Outlook (Revenue, $Bn; 2018-2028)
Lighting Technology Outlook (Revenue, $Bn; 2018-2028)
- light emitting diode (LED)
- High Intensity Discharge (HID)
Application Outlook (Revenue, $Bn; 2018-2028)
- indoor farms
- Vertical Farms
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The report further studies the Horticultural Lighting Market in key regions of the world in terms of production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The Horticultural Lighting report also covers the expansion plans made by companies in the regions in the “Regional Analysis” section.
The regional analysis of the market includes information on production volume, consumption volume and pattern, revenue, and growth rate for the forecast period 2020-2028.
According to the regional analysis, the market is mainly distributed into the following key geographic regions:
- North America (USA, Canada)
- Europe (UK, Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
- Latin America (Chile, Brazil, Argentina, rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
Main objectives of the report:
- To analyze and estimate the market size and share of Horticulture Lighting for the projected period 2020-2027.
- Comprehensive analysis of key market players through SWOT analysis and Porter’s Five Forces Analysis to provide a clear understanding of the competitive landscape.
- To study current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risk of the global Horticultural Lighting market.
- Analysis of the growth prospects for the stakeholders and investors by examining the promising segments.
- Strategic recommendations to established players and new entrants to capitalize on emerging growth opportunities.
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