Horticulture Lighting Market-By Type (Toplighting, Interlighting), By Technology (Fluorescent, High-Intensity Discharge, Light-Emitting Diode ), By Application (Fruits & Vegetables, Floriculture, Cannabis), By End-use Industry & Forecast, 2023-2032

List of Tables

Horticulture Lighting Market size is poised to record over 18% CAGR from 2023-2032, due to the rising importance of crop cultivation and the higher need for navigating complex light spectrum.

Of late, there have been significant investments in versatile lighting systems, including horticulture lighting as they can deliver precise spectra for catering to diverse plant species and growth stages. To cite an instance, in December 2022, smart LED technology provider CROCUS LABS closed a seven-figure seed investment round for building energy-efficient lights designed for horticulture. The increasing popularity of smart lighting systems to facilitate real-time monitoring, data analytics, and remote control to render insights to optimize growing conditions will add to the market growth.

The horticulture lighting industry is segmented into type, technology, application, end-use & region.

In terms of technology, the market size from the high-intensity discharge (HID) segment may record healthy CAGR from 2023-2032 driven by increasing effectiveness in the flowering and fruiting stages of plant growth. HID lighting technology is highly preferred as it can be retrofitted or continually deployed without significant changes and investments. Of late, HID lighting, especially metal halide lamps are also widely used for supplemental lighting in greenhouses as they provide additional light to complement natural sunlight to ensure extended growing seasons and increased yield.

Based on application, the horticulture lighting industry size from the fruits & vegetables

segment will expand at over 17% growth rate up to 2032. This can be attributed to the rising demand for horticulture lighting for controlled and year-round cultivation of fruits and vegetables for reducing seasonality and augmenting the overall production. The increasing inclination to full-spectrum LED lights to provide a broad range of wavelengths to closely mimic natural sunlight to boost flowering, fruiting and vegetative growth will also add to the segment growth.

Regionally, the Asia Pacific horticulture lighting market size is projected to record over 19% CAGR through 2032. The growing population and the rapid urbanization is amplifying the higher awareness of sustainable farming practices. Several governments are implementing policies and offering incentives for promoting the adoption of energy-efficient lighting systems in horticulture. The robust advancements in controlled environment agriculture, including vertical farming and greenhouse cultivation will also outline the regional industry expansion.

Product Code: 7134

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Horticulture lighting market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 Technology trends
2.6 Application trends
2.7 End-use trends

Chapter 3 Horticulture lighting Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increased investment in modern agriculture technologies
  - 3.10.1.2 Plant growth can be optimized by adopting variable light spectra
  - 3.10.1.3 Use of artificial lighting to improve energy efficiency
  - 3.10.1.4 Initiatives led by the government to develop controlled environment agriculture (CEA) practices
  - 3.10.1.5 LED fixtures are increasingly being used as dependable lighting sources
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Crop cultivation requires the navigation of a complex light spectrum
  - 3.10.2.2 Excessive energy use
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Signify Holding (Philips)
- 4.3.2 OSRAM GmbH
- 4.3.3 Samsung Electronics Co. Ltd.
- 4.3.4 Lumileds Holding BV
- 4.3.5 Everlight Electronics Co. Ltd.
- 4.3.6 Gavita International BV
- 4.3.7 Heliospectra AB
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Horticulture lighting Market Estimates and Forecast, By Type 2018-2032 (USD Million)

5.1 Key trends, by type
5.2 Toplighting
5.3 Interlighting

Chapter 6 Horticulture lighting Market Estimates and Forecast, By Technology 2018-2032 (USD Million)

6.1 Key trends, by technology
6.2 Fluorescent
6.3 High-intensity Discharge (HID)
6.4 Light-emitting Diode (LED)
6.5 Others

Chapter 7 Horticulture lighting Market Estimates and Forecast, By Application 2018-2032 (USD Million)

7.1 Key trends, by application
7.2 Fruits & Vegetables
7.3 Floriculture
7.4 Cannabis

Chapter 8 Horticulture lighting Market Estimates and Forecast, By End-use 2018-2032 (USD Million)

8.1 Key trends, by end-use
8.2 Vertical Farming
8.3 Greenhouses
8.4 Indoor Farms
8.5 Others

Chapter 9 Horticulture lighting Market Estimates and Forecast, By Region 2018-2032 (USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 GCC
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

10.1 Acuity Brands Inc.
10.2 California LightWorks
10.3 Cree LED
10.4 Current Lighting Solutions, Inc.
10.5 Epistar Corp.
10.6 Everlight Electronics Co. Ltd.
10.7 Gavita International BV
10.8 Heliospectra AB
10.9 Hubbell Inc.
10.10 Koninklijke Philips NV
10.11 LEDiL Oy
10.12 Lumileds Holding BV
10.13 OSRAM GmbH
10.14 Samsung Electronics Co. Ltd.
10.15 Signify Holding