The horticulture lighting market in SAM is expected to grow from US$ 161.6 million in 2019 to US$ 580.6 million by 2027; it is estimated to grow at a CAGR of 18.0% from 2020 to 2027.
Brazil and Argentina are major economies in SAM. Government initiatives on rise is expected to positively affect the SAM horticulture lighting market. Growing awareness about sustainable cropland increasing government initiatives in various developed as well as developing countries to support sustainability are expected to boost the adoption rate of SAM horticultural lighting systems during the forecast period. For example, horticulturalists across the Brazil, good exporter of agricultural products, 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 Argentina 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 all over SAM in the past few years is accelerating the growth of the market. In Argentina, cannabis purchases have been fully authorized across the country as well. SAM is among advanced region regarding cannabis legalization for medicinal purposes. Countries, such as Brazil, Argentina have fully legalized medical cannabis access. Such initiatives taken by the government is the primary driving factor for the SAM horticulture lighting market. Thus, the recent rise seen in government initiatives is expected to create a significant demand for horticulture lighting in the coming years, which is further anticipated to drive the market in SAM. Also, the COVID-19 pandemic is having severe impact over the SAM region. Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. At present, the total number of cases in Brazil accounted for 3,627,217 out of which 115,451 total deaths are recorded. The sharp decline in the sales of various horticulture lightning products in the region due to lockdown measures is expected to directly impact the growth of the horticulture lightning market in this region. The sharp decline in business activities and product sales are expected to directly affect the growth rate of the horticulture lightning market in SAM region for the next three to four quarters.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America horticulture lighting market. The MEA horticulture lighting market is expected to grow at a good CAGR during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
SAM Horticulture Lighting Market Segmentation
SAM Horticulture Lighting Market – By Technology
- LED Lights
- High Intensity Discharge Lights
- Fluorescent Lamps
SAM Horticulture Lighting Market – By Application
- Greenhouses
- Vertical Farming
- Indoor Farming
SAM Horticulture Lighting Market – By Cultivation
- Fruits and Vegetables
- Floriculture
SAM Horticulture Lighting Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Horticulture Lighting Market -Companies Mentioned
- General Electric Company
- Hubbell, Inc.
- Lumileds Holding B.V.
- OSRAM Licht AG
- Signify N.V.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Application, and Cultivation
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Brazil, Argentina
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Horticulture Lighting Market – By Technology
1.3.2 SAM Horticulture Lighting Market – By Application
1.3.3 SAM Horticulture Lighting Market – By Cultivation
1.3.4 SAM Horticulture Lighting Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Horticulture Lighting Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Horticulture Lighting Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Initiatives on Rise
5.1.2 Improvements in Greenhouse and Indoor Farming Techniques Along With Rising Population
5.2 Market Restraints
5.2.1 Association of High Costs and Low Awareness
5.3 Market Opportunities
5.3.1 Vertical Farming Getting Attention
5.4 Future Trends
5.4.1 More Growth Opportunities to Come up due to LED Lighting
5.5 Impact Analysis of Drivers and Restraints
6. Horticulture Lighting Market – SAM Analysis
6.1 Horticulture Lighting Market SAM Overview
6.2 SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. SAM Horticulture Lighting Market Analysis – By Technology
7.1 Overview
7.2 SAM 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. SAM Horticulture Lighting Market Analysis – By Application
8.1 Overview
8.2 SAM 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. SAM Horticulture Lighting Market Analysis – By Cultivation
9.1 Overview
9.2 SAM 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. SAM Horticulture Lighting Market – Country Analysis
10.1 Overview
10.1.1 SAM: Horticulture Lighting Market, by Key Country
10.1.1.1 Brazil: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: Horticulture Lighting Market, by Technology
10.1.1.1.2 Brazil: Horticulture Lighting Market, by Application
10.1.1.1.3 Brazil: Horticulture Lighting Market, by Cultivation
10.1.1.2 Argentina: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: Horticulture Lighting Market, by Technology
10.1.1.2.2 Argentina: Horticulture Lighting Market, by Application
10.1.1.2.3 Argentina: Horticulture Lighting Market, by Cultivation
10.1.1.3 Rest of SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: Horticulture Lighting Market, by Technology
10.1.1.3.2 Rest of SAM: Horticulture Lighting Market, by Application
10.1.1.3.3 Rest of SAM: Horticulture Lighting Market, by Cultivation
11. SAM Horticulture Lighting Market- COVID-19 Impact Analysis
11.1 SAM
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Signify N.V.
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 Lumileds Holding B.V.
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 OSRAM Licht AG
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 General Electric Company
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 Hubbell, Inc.
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of SAM: Horticulture Lighting Market, by Technology–Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Horticulture Lighting Market Segmentation
Figure 2. SAM Horticulture Lighting Market Segmentation – By Country
Figure 3. SAM 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. Fruits and Vegetables Segment Held the Largest Market Share Based on Cultivation
Figure 7. Brazil to Show Great Traction During Forecast Period
Figure 8. SAM: PEST Analysis
Figure 9. Expert Opinion
Figure 10. SAM Horticulture Lighting Market: Impact Analysis of Drivers and Restraints
Figure 11. SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. SAM Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)
Figure 13. SAM LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. SAM High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. SAM Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. SAM Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)
Figure 17. SAM Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. SAM Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. SAM Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. SAM Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)
Figure 21. SAM Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)
Figure 22. SAM Floriculture Market Revenue and Forecast to 2027(US$ Million)
Figure 23. SAM: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)
Figure 24. Brazil: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Argentina: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Rest of SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - South America Horticulture Lighting Market
- General Electric Company
- Hubbell, Inc.
- Lumileds Holding B.V.
- OSRAM Licht AG
- Signify N.V.
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.
Trends and growth analysis reports related to South America Horticulture Lighting Market
Sep 2020
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Sep 2020
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Sep 2020
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Sep 2020
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Sep 2020
3D Surveillance Camera Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Dome Camera, Bullet Camera, PTZ Camera, and Others), Technology (Stereoscopic Imaging, Time of Flight, and Structured Light Imaging), and Application (People Tracking, Object or Scene Detection, Monitoring Systems, Face Recognition, Robotic Arm Collision Avoidance, and Others), and Geography
Sep 2020
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Sep 2020
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Sep 2020
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)