Horticulture Lighting Market to Grow at a CAGR of 20.2% to reach US$ 11,383.5 Million from 2020 to 2027

Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology (Fluorescent Lamps, High Intensity Discharge Lights, and LED Lights), Application (Greenhouses, Vertical Farming, and Indoor Farming), Cultivation (Fruits and Vegetables and Floriculture) and Geography

Publication Month: Aug 2020 | Report Code: TIPRE00005263 | No. of Pages: 161 | Category: Electronics and Semiconductor | Status: Published
Covid

The horticulture lighting market was valued at US$ 2,730.8 million in 2019 and is expected to reach US$ 11,383.5 million by 2027; it is estimated to grow at a CAGR of 20.2% during 2020–2027.

 

Horticultural lighting is used in urban agriculture, multi-layer cultivation, supplemental lighting, and daylight-free cultivation. Due to increasing awareness about sustainable farming, researchers, governments, and organizations have taken global initiatives to improve horticulture with efficient and adequate lighting. Increase in demand for advanced lighting-related technologies is expected to boost the growth of the horticulture lighting market. Toshiba and Panasonic have started to support the farmers by providing financial and technical support to establish vertical farms. Such developments in vertical agriculture are boosting the growth of the horticulture lighting market.

The horticulture lighting market is segmented based on technology, application, and cultivation. Based on technology, the market is segmented into LED lights, highintensity discharge (HID) lights, and fluorescent lamps. The LED lights segment led the horticulture lighting market in 2019, and is anticipated to grow at the highest CAGR during the forecast period.In terms of application, the market is categorized into greenhouses, vertical farming, and indoor farming. The greenhouses segment held the largest market share in 2019.The vertical farming segment is anticipated to grow at the fastest CAGR during the forecast period. Based on cultivation, the market is segmented into fruits and vegetables and floriculture. The fruits and vegetables segment is expected to dominate the market due to increase in demand for fresh vegetables.

Key players operating in the horticulture lighting market include Agrolux; Bridgelux, Inc.; Signify N.V.; Heliospectra AB;PARsource;Lumileds Holding B.V.;HortiluxSchréder B.V.; OSRAM Licht AG; General Electric Company; and Hubbell, Inc.

Few recent developments are:

·      Current, powered by GE, partnered with Jones Food Company in June 2018, to launch an indoor farm for the market in Europe. The company is focused on offering a new technical solution to improve the productivity and quality of vertical agriculture. This would help them build a strong brand presence in the European market.

·      Hortilux Schréder, a company providing horticulture solutions, collaborated with LetsGrow for a software platform – HortiSense in November 2018. The platform is being developed to gather and analyze greenhouse sensor data. LetsGrow customers can link their data to the HortiSense platform software. 

 

Impact of COVID-19 Pandemic on Horticulture Lighting Market

 

According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan, China, during December 2019, and since then, it has spread at a fast pace across the globe. As of August 12, 2020, there are around 20,162,474 confirmed COVID-19 cases globally, with ~737,417 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020, which is likely to have impact on 2021 as well. The pandemic has disturbed horticulture businesses and suppliers around the globe. Fresh vegetables and fruits have become increasingly scarce in various regions since the COVID-19 pandemic has hampered the global movement of crops and the people required to gather crops.

 

Lucrative Regional Horticulture Lighting Market

Lucrative Regional Horticulture Lighting Market

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Market Insights–Horticulture Lighting Market

Government Initiatives

Growing awareness about sustainable crops and increasing government initiatives in various developed as well as developing countries to support sustainability are expected to boost the adoption rate of horticultural lighting systems during the forecast period. For example, horticulturalists across the Netherlands, the second-largest exporter of agricultural products after the U.S., are experimenting with the use of multi-colored LEDs for potential yield enhancement, product quality and taste improvement, as well as cost reduction of greenhouse energy. Similarly, the Dutch government is focusing on the deployment of a geothermal heat plant, which involves drilling at great depths through stratum and installing heat exchangers. Through various incentives, such as soft loans and tax breaks, the government has supported the growers.

 

Furthermore, the legalization of cannabis for medicinal purposes by various governments globally over the past few years is accelerating the growth of the market. In the U.S., in 33 states, including Alaska, Arizona, Connecticut, Delaware, Columbia District, Arkansas, California, Colorado, Florida, Hawaii, and Illinois, the government has legalized medical cannabis. In Canada, cannabis purchases have been fully authorized across the country as well. Europe is the most advanced region regarding cannabis legalization for medicinal purposes. Countries, such as the Netherlands, Germany, Italy, Romania, Norway, Poland, and Greece, have fully legalized medical cannabis access. Such initiatives taken by the government is the primary driving factor for the global horticulture lighting market.

 

Technology-BasedInsights

Based on technology, the horticulture lighting market is segmented into fluorescent lamps, high intensity discharge lights, and LED lights.LED lights held the largest share of the horticulture market. The unique properties of LED lights, such energy-efficiency, low heat production, compact size, and lifespan up to 50,000,are anticipated to drive their demand in horticulture lighting application during the forecast period.

 

Horticulture Lighting Market, by Technology– 2019 and 2027

Horticulture Lighting Market, by Technology– 2019 and 2027

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Application-Based Insights

Based on application, the horticulture lighting market is segmented into greenhouses, vertical farming, and indoor farming. The greenhouses allow horticulturists to carry out their practices in a covered and controlled environment that ensures optimum yield. Greenhouses trap and retain sunlight and moisture. This makes it a preferred choice for farming professionals to grow different plant types.

 

Cultivation-Based Insights

Based on cultivation, the horticulture lighting market is segmented into fruits and vegetables and floriculture.The fruits and vegetables segment includes a variety of entities, including tomatoes, basil, mint, mustard greens, lettuce, and cucumbers. On the other hand, the floriculture segment comprises roses, African violets, cannabis, poinsettia, and begonia. The cultivation of fruits and vegetables is carried out on a much larger scale than the floriculture. Thus, the former segment holds a larger market share and is likely to continue the same in the coming years.

 

Strategic Insights

Market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

 

  • In 2020, Signify expanded its collaboration with Planet Farms, a leading European operator of vertical farms based in Italy. Planet Farms would boost the quality and yield of the crops using the Philips GreenPower LED production module managed by the Philips GrowWise Control System.

 

  • In 2019, Heliospectra AB announced the formation of Heliospectra Japan Co., Ltd and the opening of Tokyo, Japan office. The new office would help the company achieve a strong market position.

 

Horticulture Lighting Market – By Technology

  • LED Lights
  • High Intensity Discharge Lights
  • Fluorescent Lamps

 

Horticulture Lighting Market – By Application

  • Greenhouses
  • Vertical Farming
  • Indoor Farming

 

Horticulture Lighting Market – By Cultivation

  • Fruits & Vegetables
  • Floriculture

 

Horticulture Lighting Market –Company Profiles

  • Agrolux
  • Bridgelux, Inc.
  • General Electric Company
  • Heliospectra AB
  • Hortilux Schréder B.V
  • Hubbell, Inc. 
  • Lumileds Holding B.V.
  • OSRAM Licht AG
  • PARsource
  • Signify N.V

 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Horticulture Lighting Market – By Technology

1.3.2        Horticulture Lighting Market – By Application

1.3.3        Horticulture Lighting Market – By Cultivation

1.3.4        Horticulture Lighting Market- By Region

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Horticulture Lighting Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Horticulture Lighting Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Increasing Government Initiatives

5.1.2        Growing Population and Advancements in Greenhouse and Indoor Farming Techniques

5.2       Market Restraints

5.2.1        Lack of Awareness and High Costs Involved

5.3       Market Opportunities

5.3.1        Growing Importance of Vertical Farming

5.4       Future Trends

5.4.1        LED Lighting to Open New Growth Possibilities

5.5       Impact Analysis of Drivers and Restraints

6.             Horticulture Lighting Market – Global Analysis

6.1       Horticulture Lighting Market Global Overview

6.2       Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.             Horticulture Lighting Market Analysis – By Technology

7.1       Overview

7.2       Horticulture Lighting Market, By Technology (2019 and 2027)

7.3       LED Lights

7.3.1        Overview

7.3.2        LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

7.4       High Intensity Discharge Lights

7.4.1        Overview

7.4.2        High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027  (US$ Million)

7.5       Fluorescent Lamps

7.5.1        Overview

7.5.2        Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.             Horticulture Lighting Market Analysis – By Application

8.1       Overview

8.2       Horticulture Lighting Market, By Application (2019 and 2027)

8.3       Greenhouses

8.3.1        Overview

8.3.2        Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Vertical Farming

8.4.1        Overview

8.4.2        Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Indoor Farming

8.5.1        Overview

8.5.2        Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

9.             Horticulture Lighting Market Analysis – By Cultivation

9.1       Overview

9.2       Horticulture Lighting Market Breakdown, by Cultivation, 2019 & 2027

9.3       Fruits and Vegetables

9.3.1        Overview

9.3.2        Fruits and Vegetables Market Revenue and Forecast to 2027 (US$ Million)

9.4       Floriculture

9.4.1        Overview

9.4.2        Floriculture Market Revenue and Forecast to 2027 (US$ Million)

10.          Horticulture Lighting Market – Geographic Analysis

10.1    Overview

10.2    North America: Horticulture Lighting Market

10.2.1     North America: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.2.2     North America: Horticulture Lighting Market, by Technology

10.2.3     North America: Horticulture Lighting Market, by Application

10.2.4     North America: Horticulture Lighting Market, by Cultivation

10.2.5     North America: Horticulture Lighting Market, by Key Country

10.2.5.1    US: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.1.1    US: Horticulture Lighting Market, by Technology

10.2.5.1.2    US: Horticulture Lighting Market, by Application

10.2.5.1.3    US: Horticulture Lighting Market, by Cultivation

10.2.5.2    Canada: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.2.1    Canada: Horticulture Lighting Market, by Technology

10.2.5.2.2    Canada: Horticulture Lighting Market, by Application

10.2.5.2.3    Canada: Horticulture Lighting Market, by Cultivation

10.2.5.3    Mexico: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.3.1    Mexico: Horticulture Lighting Market, by Technology

10.2.5.3.2    Mexico: Horticulture Lighting Market, by Application

10.2.5.3.3    Mexico: Horticulture Lighting Market, by Cultivation

10.3    Europe: Horticulture Lighting Market

10.3.1     Europe: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.2     Europe: Horticulture Lighting Market, by Technology

10.3.3     Europe: Horticulture Lighting Market, by Application

10.3.4     Europe: Horticulture Lighting Market, by Cultivation

10.3.5     Europe: Horticulture Lighting Market, by Key Country

10.3.5.1    Germany: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.1.1    Germany: Horticulture Lighting Market, by Technology

10.3.5.1.2    Germany: Horticulture Lighting Market, by Application

10.3.5.1.3    Germany: Horticulture Lighting Market, by Cultivation

10.3.5.2    France: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.2.1    France: Horticulture Lighting Market, by Technology

10.3.5.2.2    France: Horticulture Lighting Market, by Application

10.3.5.2.3    France: Horticulture Lighting Market, by Cultivation

10.3.5.3    Italy: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.3.1    Italy: Horticulture Lighting Market, by Technology

10.3.5.3.2    Italy: Horticulture Lighting Market, by Application

10.3.5.3.3    Italy: Horticulture Lighting Market, by Cultivation

10.3.5.4    UK: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.4.1    UK: Horticulture Lighting Market, by Technology

10.3.5.4.2    UK: Horticulture Lighting Market, by Application

10.3.5.4.3    UK: Horticulture Lighting Market, by Cultivation

10.3.5.5    Russia: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.5.1    Russia: Horticulture Lighting Market, by Technology

10.3.5.5.2    Russia: Horticulture Lighting Market, by Application

10.3.5.5.3    Russia: Horticulture Lighting Market, by Cultivation

10.3.5.6    Rest of Europe: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.6.1    Rest of Europe: Horticulture Lighting Market, by Technology

10.3.5.6.2    Rest of Europe: Horticulture Lighting Market, by Application

10.3.5.6.3    Rest of Europe: Horticulture Lighting Market, by Cultivation

10.4    APAC: Horticulture Lighting Market

10.4.1     APAC: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.2     APAC: Horticulture Lighting Market, by Technology

10.4.3     APAC: Horticulture Lighting Market, by Application

10.4.4     APAC: Horticulture Lighting Market, by Cultivation

10.4.5     APAC: Horticulture Lighting Market, by Key Country

10.4.5.1    Australia: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.1.1    Australia: Horticulture Lighting Market, by Technology

10.4.5.1.2    Australia: Horticulture Lighting Market, by Application

10.4.5.1.3    Australia: Horticulture Lighting Market, by Cultivation

10.4.5.2    China: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.2.1    China: Horticulture Lighting Market, by Technology

10.4.5.2.2    China: Horticulture Lighting Market, by Application

10.4.5.2.3    China: Horticulture Lighting Market, by Cultivation

10.4.5.3    India: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.3.1    India: Horticulture Lighting Market, by Technology

10.4.5.3.2    India: Horticulture Lighting Market, by Application

10.4.5.3.3    India: Horticulture Lighting Market, by Cultivation

10.4.5.4    Japan: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.4.1    Japan: Horticulture Lighting Market, by Technology

10.4.5.4.2    Japan: Horticulture Lighting Market, by Application

10.4.5.4.3    Japan: Horticulture Lighting Market, by Cultivation

10.4.5.5    South Korea: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.5.1    South Korea: Horticulture Lighting Market, by Technology

10.4.5.5.2    South Korea: Horticulture Lighting Market, by Application

10.4.5.5.3    South Korea: Horticulture Lighting Market, by Cultivation

10.4.5.6    Rest of APAC: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.6.1    Rest of APAC: Horticulture Lighting Market, by Technology

10.4.5.6.2    Rest of APAC: Horticulture Lighting Market, by Application

10.4.5.6.3    Rest of APAC: Horticulture Lighting Market, by Cultivation

10.5    MEA: Horticulture Lighting Market

10.5.1     MEA: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.5.2     MEA: Horticulture Lighting Market, by Technology

10.5.3     MEA: Horticulture Lighting Market, by Application

10.5.4     MEA: Horticulture Lighting Market, by Cultivation

10.5.5     MEA: Horticulture Lighting Market, by Key Country

10.5.5.1    South Africa: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.1.1    South Africa: Horticulture Lighting Market, by Technology

10.5.5.1.2    South Africa: Horticulture Lighting Market, by Application

10.5.5.1.3    South Africa: Horticulture Lighting Market, by Cultivation

10.5.5.2    Saudi Arabia: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.2.1    Saudi Arabia: Horticulture Lighting Market, by Technology

10.5.5.2.2    Saudi Arabia: Horticulture Lighting Market, by Application

10.5.5.2.3    Saudi Arabia: Horticulture Lighting Market, by Cultivation

10.5.5.3    UAE: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.3.1    UAE: Horticulture Lighting Market, by Technology

10.5.5.3.2    UAE: Horticulture Lighting Market, by Application

10.5.5.3.3    UAE: Horticulture Lighting Market, by Cultivation

10.5.5.4    Rest of MEA: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.4.1    Rest of MEA: Horticulture Lighting Market, by Technology

10.5.5.4.2    Rest of MEA: Horticulture Lighting Market, by Application

10.5.5.4.3    Rest of MEA: Horticulture Lighting Market, by Cultivation

10.6    SAM: Horticulture Lighting Market

10.6.1     SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.6.2     SAM: Horticulture Lighting Market, by Technology

10.6.3     SAM: Horticulture Lighting Market, by Application

10.6.4     SAM: Horticulture Lighting Market, by Cultivation

10.6.5     SAM: Horticulture Lighting Market, by Key Country

10.6.5.1    Brazil: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.1.1    Brazil: Horticulture Lighting Market, by Technology

10.6.5.1.2    Brazil: Horticulture Lighting Market, by Application

10.6.5.1.3    Brazil: Horticulture Lighting Market, by Cultivation

10.6.5.2    Argentina: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.2.1    Argentina: Horticulture Lighting Market, by Technology

10.6.5.2.2    Argentina: Horticulture Lighting Market, by Application

10.6.5.2.3    Argentina: Horticulture Lighting Market, by Cultivation

10.6.5.3    Rest of SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.3.1    Rest of SAM: Horticulture Lighting Market, by Technology

10.6.5.3.2    Rest of SAM: Horticulture Lighting Market, by Application

10.6.5.3.3    Rest of SAM: Horticulture Lighting Market, by Cultivation

11.          Horticulture Lighting Market- COVID-19 Impact Analysis

11.1    Overview

11.2    North America

11.3    Europe

11.4    Asia-Pacific

11.5    Middle East and Africa

11.6    South America

12.          Industry Landscape

12.1    Market Initiative

12.2    Merger and Acquisition

12.3    New Development

13.          Company Profiles

13.1    Agrolux

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Bridgelux, Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    Signify N.V.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    Heliospectra AB

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    PARsource

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    Lumileds Holding B.V.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    Hortilux Schréder B.V.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    OSRAM Licht AG

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    General Electric Company

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Hubbell, Inc.

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.             Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             North America: Horticulture Lighting Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

Table 3.             North America: Horticulture Lighting Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             North America: Horticulture Lighting Market, by Cultivation – Revenue and Forecast to 2027 (US$ Million)

Table 5.             US: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 6.             US: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             US: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Canada: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Canada: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Canada: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Mexico: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Mexico: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Mexico: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Europe: Horticulture Lighting Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

Table 15.          Europe: Horticulture Lighting Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 16.          Europe: Horticulture Lighting Market, by Cultivation – Revenue and Forecast to 2027 (US$ Million)

Table 17.          Germany: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Germany: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 19.          Germany: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 20.          France: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 21.          France: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 22.          France: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 23.          Italy: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 24.          Italy: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 25.          Italy: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 26.          UK: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 27.          UK: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 28.          UK: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 29.          Russia: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 30.          Russia: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 31.          Russia: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 32.          Rest of Europe: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 33.          Rest of Europe: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 34.          Rest of Europe: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 35.          APAC: Horticulture Lighting Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

Table 36.          APAC: Horticulture Lighting Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 37.          APAC: Horticulture Lighting Market, by Cultivation – Revenue and Forecast to 2027 (US$ Million)

Table 38.          Australia: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 39.          Australia: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 40.          Australia: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 41.          China: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 42.          China: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 43.          China: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 44.          India: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 45.          India: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 46.          India: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 47.          Japan: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 48.          Japan: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 49.          Japan: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 50.          South Korea: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 51.          South Korea: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 52.          South Korea: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 53.          Rest of APAC: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 54.          Rest of APAC: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 55.          Rest of APAC: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 56.          MEA: Horticulture Lighting Market, by Technology– Revenue and Forecast to 2027 (US$ Million)

Table 57.          MEA: Horticulture Lighting Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 58.          MEA: Horticulture Lighting Market, by Cultivation – Revenue and Forecast to 2027 (US$ Million)

Table 59.          South Africa: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 60.          South Africa: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 61.          South Africa: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 62.          Saudi Arabia: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 63.          Saudi Arabia: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 64.          Saudi Arabia: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 65.          UAE: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 66.          UAE: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 67.          UAE: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 68.          Rest of MEA: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 69.          Rest of MEA: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 70.          Rest of MEA: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 71.          SAM: Horticulture Lighting Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

Table 72.          SAM: Horticulture Lighting Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 73.          SAM: Horticulture Lighting Market, by Cultivation – Revenue and Forecast to 2027 (US$ Million)

Table 74.          Brazil: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 75.          Brazil: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 76.          Brazil: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 77.          Argentina: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 78.          Argentina: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 79.          Argentina: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 80.          Rest of SAM: Horticulture Lighting Market, by Technology–Revenue and Forecast to 2027 (US$ Million)

Table 81.          Rest of SAM: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 82.          Rest of SAM: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 83.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Horticulture Lighting Market Segmentation

Figure 2.           Horticulture Lighting Market Segmentation – By Geography

Figure 3.           Global Horticulture Lighting Market Overview

Figure 4.           LED Lights Segment Held the Largest Market Share Based on Technology

Figure 5.           Greenhouses Segment Held the Largest Market Share Based on Application

Figure 6.           Other Industries Segment Held the Largest Market Share Based on Industry

Figure 7.           APAC to Show Great Traction During Forecast Period

Figure 8.           North America:PEST Analysis

Figure 9.           Europe: PEST Analysis

Figure 10.        Asia-Pacific: PEST Analysis

Figure 11.        MEA: PEST Analysis

Figure 12.        South America: PEST Analysis

Figure 13.        Expert Opinion

Figure 14.        Horticulture Lighting Market: Impact Analysis of Drivers And Restraints

Figure 15.        Geographic Overview of Horticulture Lighting Market

Figure 16.        Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)

Figure 18.        LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)

Figure 22.        Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)

Figure 26.        Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)

Figure 27.        Floriculture Market Revenue and Forecast to 2027(US$ Million)

Figure 28.        Horticulture Lighting Market Revenue Share, By Region (2019 and 2027)

Figure 29.        North America: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 30.        North America: Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)

Figure 31.        North America: Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)

Figure 32.        North America: Horticulture Lighting Market Revenue Share, by Cultivation (2019 and 2027)

Figure 33.        North America: Horticulture Lighting Market Revenue Share, by Key Country (2019 and 2027)

Figure 34.        US: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 35.        Canada: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 36.        Mexico: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 37.        Europe: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 38.        Europe: Horticulture Lighting Market Revenue Share, By Technology (2019 and 2027)

Figure 39.        Europe: Horticulture Lighting Market Revenue Share, By Application (2019 and 2027)

Figure 40.        Europe: Horticulture Lighting Market Revenue Share, By Cultivation (2019 and 2027)

Figure 41.        Europe: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)

Figure 42.        Germany: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 43.        France: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 44.        Italy: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 45.        UK: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 46.        Russia: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 47.        Rest of Europe: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 48.        APAC: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 49.        APAC: Horticulture Lighting Market Revenue Share, By Technology (2019 and 2027)

Figure 50.        APAC: Horticulture Lighting Market Revenue Share, By Application (2019 and 2027)

Figure 51.        APAC: Horticulture Lighting Market Revenue Share, By Cultivation (2019 and 2027)

Figure 52.        APAC: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)

Figure 53.        Australia: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 54.        China: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 55.        India: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 56.        Japan: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 57.        South Korea: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 58.        Rest of APAC: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 59.        MEA: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 60.        MEA: Horticulture Lighting Market Revenue Share, By Technology (2019 and 2027)

Figure 61.        MEA: Horticulture Lighting Market Revenue Share, By Application (2019 and 2027)

Figure 62.        MEA: Horticulture Lighting Market Revenue Share, By Cultivation (2019 and 2027)

Figure 63.        MEA: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)

Figure 64.        South Africa: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 65.        Saudi Arabia: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 66.        UAE: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 67.        Rest of MEA: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 68.        SAM: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 69.        SAM: Horticulture Lighting Market Revenue Share, By Technology (2019 and 2027)

Figure 70.        SAM: Horticulture Lighting Market Revenue Share, By Application (2019 and 2027)

Figure 71.        SAM: Horticulture Lighting Market Revenue Share, By Cultivation (2019 and 2027)

Figure 72.        SAM: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)

Figure 73.        Brazil: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 74.        Argentina: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 75.        Rest of SAM: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)

Figure 76.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 77.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 78.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 79.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 80.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Horticulture Lighting Market

  1. Agrolux
  2. Bridgelux, Inc.
  3. Signify N.V.
  4. HeliospectraAB
  5. PARsource
  6. Lumileds Holding B.V.
  7. HortiluxSchréder B.V.
  8. OSRAM Licht AG
  9. General Electric Company
  10. Hubbell, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the globalhorticulture lighting market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the globalhorticulture lightingmarket, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

Europe led the horticulture lighting market in 2019. The governments in Europe are highly investing in the horticulture field for economic progress. The European Union initiatives are accelerating the adoption of LED lights and are likely to generate market opportunities for the manufacturers of LED modules and lamps in Europe. Several companies based in the region are highly involved in building market strategies to gain traction in the global market.

Growing awareness about sustainable crop and increasing government initiatives in various developed as well as developing countries to support sustainability are expected to boost the adoption rate of horticultural lighting systems during the forecast period. For example, horticulturalists across the Netherlands, the second-largest exporter of agricultural products after the U.S., are experimenting with the use of multi-colored LEDs for potential yield enhancement, product quality and taste improvement, as well as cost reduction of greenhouse energy.

The LED lights is the leading technology in the market. LED lights hold the largest share of the horticulture market. The unique properties of LED lights, such energy-efficiency, low heat production, compact size, and lifespan up to 50,000 is anticipated to drive their demand in horticulture lighting application during the forecast period.

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