Horticulture Lighting Market Size, and Forecast to 2032 | Key Players: Signify (Philips Lighting), Gavita Holland B.V., GE Lighting (GE Lighting + Current), OSRAM (Opto Semiconductors), Agrolux, Heliospectra among others

The market research report offers an in-depth analysis of the Horticulture Lighting market, helping players to prepare for the increasing hurdles ahead and ensure continued business expansion. With impeccable analysis, exhaustive research, and accurate forecasting, we provide a clear and authoritative study of the global Horticulture Lighting market, backed by data and figures that have undergone a rigorous verification process. This research is an exhaustive, comprehensive and carefully curated source of exclusive, in-depth information and data on the global Horticulture Lighting industry. The report's authors shed light on key market features, including growth drivers, growth barriers, trends, and opportunities, that have been previously unrecognized.

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It comprehensively analyses the global Horticulture Lighting market vendor landscape and competitive scenarios to help market players to gain a competitive advantage over their competitors. Readers are provided with an in-depth analysis of key competitive trends in the global Horticulture Lighting market. This analysis allows market participants to prepare for future challenges at an early stage. It can also identify opportunities to gain a strong position in the global Horticulture Lighting market. Moreover, the analysis helps to effectively channelize strategies, strengths, and resources to gain maximum advantage in the global Horticulture Lighting market.

Key Players in Horticulture Lighting market

Major and emerging players in the market are scrutinized considering market share, production, revenue, sales growth, gross margin, product portfolio, and other important factors. This allows players to know the moves of the most formidable opponents on the market.

The key players in the market are: Signify (Philips Lighting), Gavita Holland B.V., GE Lighting (GE Lighting + Current), OSRAM (Opto Semiconductors), Agrolux, Heliospectra, Hortilux Schreder B.V., Lumileds, PARsource, Illumitex, Hubbell, Maxigrow, Bridgelux, Eye Hortilux, LumiGrow. and 20+ companies competing in the market.

Key Growth Factors in Horticulture Lighting Market:

• Weather change is one of the significant causes augmenting the demand for horticulture lights to maintain a controlled agriculture environment. Horticulture lights help in maximizing crop yield and save energy with new lighting solutions. These qualities of horticulture lights and their rising awareness among farmers are likely to gain momentum for the market studied over the forecast period. Increase in the number of food-suppliers and farm start-ups are further expected to encourage the adoption of horticulture lights.

• The importance of LED lighting applications in the horticultural sector is growing with the rising trend of indoor and vertical farming applications. With controllable spectrum and illuminance, LED is widely used in cultivation for several kinds of crops such as tomatoes, herbs, greens, and cucumbers, among others. A South Korean agriculture cultivator, Farm8 has been using LED technology to help plants grow. With this technology, a plant can be grown in around 35 days, when compared to the time taken (i.e. 50 days) by a plant to grow outdoors.

Recent Developments in Horticulture Lighting Market

• In December 2021, Signify entered into definitive agreement with ams OSRAM to acquire Austin, Texas-based Fluence for USD 272 million on a cash and debt-free basis. This acquisition will strengthen Signify's global agricultural ligting growth platform and extend position in the attractive North American horticultural lighting market.

• In December 2021, Hortilux collaborated with LLC DTK, a Russia's leading rose company to provide them Hortilux's HPS NXT2 fixtures which is perfect match for the company requirement: they have good light distribution, are easy to maintain, and they're extremely reliable. By now the NXT2 1000W fixtures have been installed over a three-hectare area.

• In July 2021, Heliospectra AB, a world leader in intelligent lighting technology for vertical farming, announced a new seller partnership with MineARC Systems, a global leader in manufacturing and supplying controlled environments. The company will represent Heliospectra's market-leading LED lighting and lighting control solutions in the Australian market.

Segmentation: Global Horticulture Lighting Market

By Offering (Hardware, Software, Services), By Technology (Fluorescent, High-Intensity Discharge (HID), LED, Other Technologies), By Cultivation (Fruits and Vegetables, Floriculture), By Lighting Type (Toplighting, Interlighting), By Application (Greenhouses, Vertical Farming, Indoor Farming, Others)

Addition/customization of segmentation provided in the report according to your request

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• The latest report for 2022 includes all introductions, overviews and in-depth industry analysis and forecast till 2032.

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Regional Analysis of Global Horticulture Lighting Market:

Each of the regional market segments is analysed and studied in the sense of the major regional spectrum of market reach in the market report. The study also provides a comprehensive overview of key insights, such as import, export, development, demand and consumption. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), Europe (Germany, France, United Kingdom, Russia and Italy), North America (United States, Canada, and Mexico), South America (Brazil, Argentina) and the Middle East and Africa (UAE, Egypt, Saudi Arabia, and South Africa) are some of the regions included by this research study.

North America: U.S., Canada, Rest of North America

Europe: France, UK, Spain, Germany, Italy, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Rest of Asia Pacific

The Middle East & Africa: Saudi Arabia, South Africa, Rest of the Middle East & Africa

Latin America: Brazil, Argentina, Rest of Latin America

Table of Contents in Global Horticulture Lighting Market Research Report 2023 - 2032

There are 13 highlighted chapters out of the others to thoroughly display the Horticulture Lighting market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications, and regions. (Please be aware that the contents of the TOC may vary depending on market titles/reports.)

• Chapter 1: Horticulture Lighting Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.

• Chapter 2: Horticulture Lighting Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels, and Major Downstream Buyers.

• Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Horticulture Lighting.

• Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Horticulture Lighting.

• Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Horticulture Lighting by Regions.

• Chapter 6: Horticulture Lighting Production, Consumption, Export, and Import by Regions.

• Chapter 7: Horticulture Lighting Market Status and SWOT Analysis by Regions.

• Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Horticulture Lighting.

• Chapter 9: Horticulture Lighting Market Analysis and Forecast by Type and Application.

• Chapter 10: Horticulture Lighting Market Analysis and Forecast by Regions.

• Chapter 11: Horticulture Lighting Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.

• Chapter 12: Horticulture Lighting Market Conclusion of the Whole Report.

• Chapter 13: Appendix Such as Methodology and Data Resources of Horticulture Lighting Market Research.

Conclusion:

The study is a compilation of Horticulture Lighting-hand data, qualitative and quantitative data by industry analysts, and inputs from market experts and key participants over the value chain process. The study offers an in-depth analysis of the present market trends, micro and macro-economic pointers, and governing factors, along with industry attractiveness according to the segments. The report also maps the qualitative impact of various market factors on market segmentations and geographies.

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