[Research Report] 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
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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
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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.
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Horticulture Lighting Market: Strategic Insights
Market Size Value in US$ 2,730.8 Million in 2019 Market Size Value by US$ 11,383.5 Million by 2027 Growth rate CAGR of 20.2% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Horticulture Lighting Market: Strategic Insights
Market Size Value in | US$ 2,730.8 Million in 2019 |
Market Size Value by | US$ 11,383.5 Million by 2027 |
Growth rate | CAGR of 20.2% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystMarket 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology , Application , Cultivation and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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
- Agrolux
- Bridgelux, Inc.
- Signify N.V.
- HeliospectraAB
- PARsource
- Lumileds Holding B.V.
- HortiluxSchréder B.V.
- OSRAM Licht AG
- General Electric Company
- Hubbell, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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