The Horticulture Lighting Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.
How Big is the Horticulture Lighting Industry?
The Global Horticulture Lighting Market size reached USD 6.78 Billion in 2023. Looking forward, it is expected to rise at a CAGR of around 16.22% during the forecast period 2024-2030.
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Horticulture Lighting Market Growth Opportunity:
Growing farm-to-table trends encouraging the need for horticulture lights – With the advent of the farm-to-table concept, access to local food in cafeterias, restaurants, food joints, and other locations has become easier and more flexible. Hence, people are now developing an affinity for locally grown foods which is why they are expected to gain popularity across different markets within the hospitality industry in the coming years. And therefore, the need for such grow lights facilitating on-time delivery of yield in the case of farm-to-table restaurants arises. Such trends owing to their significant impact, are supposed to amplify market growth.
Competitor Breakdown: Top Horticulture Lighting Companies 2024-2030
- Bridgelux Inc.
- EYE Hortilux
- Maxigrow Ltd
- Hortilux Schreder
- Osram Licht AG
- Gavita International BV
- Lumileds
- Agrolux
- PARsource
- Heliospectra
- Signify
- Valoya
- California Lightworks
- LumiGrow
- EYE Hortilux
- Others
Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.
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Regional Analysis:
North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Share of each region segment in the Market
- Potential growth opportunities in the region
- The growth rate of the region in the Industry
Breaking Down the Horticulture Lighting Market Segmentation:
By Application
- Indoor Farming
- Greenhouse
- Vertical Farming
By Technology
- High-Intensity Discharge (HID)
- LED
- High-Pressure Sodium Lamp
- Fluorescent
- T5
- CFL
By Offering
- Hardware
- Software
- Services
By Cultivation
- Vegetable
- Fruits
- Floriculture
- Others (Medicinal plants, Aromatic, etc.)
By Lighting Type
- Top lighting
- Inter lighting
- Supplemental Lighting
- Sole-Source Lighting
- Photoperiodic Lighting
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