Market Overview
This research report provides a concise overview of the Horticulture Lighting Market, covering essential elements such as market size, share, growth, report, analysis, trends, industry report, and forecast report. It offers valuable insights into the current global market landscape, highlighting key developments and emerging opportunities. Backed by data and expert evaluation, the report helps businesses, investors, and decision-makers understand evolving market dynamics. With segment-wise coverage and forward-looking analysis, this market research serves as a practical tool for navigating the future of the Horticulture Lighting Market.
Horticulture Lighting Market Statistic and Research Methodology
The Global Horticulture Lighting Market size is valued at around USD 6.78 Billion in 2023 and is projected to grow at a CAGR of around 16.22% during the forecast period, i.e., 2024-30. The market is driven by the exponentially rising population throughout the world entwined with a rapid climate change, resulting in greater food demand and immense pressure on the agriculture industry.
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Market Key Driver-
Widespread Adoption of Horticulture Lighting in Numerous Agricultural Applications - The increased deployment of horticulture lighting in numerous agricultural applications, including urban farming, supplemental lighting, cultivation without daylight, and multilayer cultivation, provides the necessary impetus to the market for the projected timeframe. Further, the growing vertical farming applications and greenhouse projects enthrall the market. Additionally, the population boom for the past few years, instigating the farmers to go indoors and utilize every bit of resource to cater to the up-scaling needs, further propels the market through 2030.
Key Player: -
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
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Segmentation Analysis-
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
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Geography-
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
Europe demonstrates a significant shareholding and thereby dominates the Global Horticulture Lighting Market in the historical period.
Frequently Asked Questions (FAQ)
- What is the current size and expected growth of the Horticulture Lighting Market?
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