Agricultural Lighting Market Report: Trends, Forecast and Competitive Analysis to 2030

Agricultural Lighting Trends and Forecast

The future of the global agricultural lighting market looks promising with opportunities in the horticulture, livestock, and aquaculture markets. The global agricultural lighting market is expected to reach an estimated $23.43 billion by 2030 with a CAGR of 12.0% from 2024 to 2030. The major drivers for this market are increasing number of government programs that encourage the use of SSL technology and CEA practices, rising food demand as a result of the population's constant growth, and funding for the development of vertical farms and greenhouses surged with the widespread deployment of LED lighting in controlled agricultural environments.

A more than 150-page report is developed to help in your business decisions.

Agricultural Lighting by Segment

The study includes a forecast for the global agricultural lighting by wattage type, offering, light source, application, and region.

Agricultural Lighting Market by Wattage Type [Shipment Analysis by Value from 2018 to 2030]:

• Below 50W
• 50 - 150W
• Above 150W

Agricultural Lighting Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Agricultural Lighting Market by Light Source [Shipment Analysis by Value from 2018 to 2030]:

• Fluorescent
• HID
• LED
• Others

Agricultural Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Horticulture
• Livestock
• Aquaculture

Agricultural Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agricultural Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural lighting companies profiled in this report include-

• Signify Holding
• OSRAM
• Gavita International
• Valoya
• California Lightworks
• Delaval
• CBM Lighting

Agricultural Lighting Market Insights

Lucintel forecasts that below 50w is expected to witness highest growth over the forecast period due to growing use of LED lighting in agricultural applications; lower-wattage LED bulbs can provide brighter, more adequate illumination.

Europe is expected to witness highest growth over the forecast period.

Features of the Global Agricultural Lighting Market

Market Size Estimates: Agricultural lighting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agricultural lighting market size by various segments, such as by wattage type, offering, light source, application and region in terms of ($B).

Regional Analysis: Agricultural lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different wattage type, offering, light source, application, and regions for the agricultural lighting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural lighting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the agricultural lighting market size?

Answer: The global agricultural lighting market is expected to reach an estimated $23.43 billion by 2030.

Q.2 What is the growth forecast for agricultural lighting market?

Answer: The global agricultural lighting market is expected to grow with a CAGR of 12.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the agricultural lighting market?

Answer: The major drivers for this market are increasing number of government programs that encourage the use of SSL technology and CEA practices, rising food demand as a result of the population's constant growth, and funding for the development of vertical farms and greenhouses surged with the widespread deployment of LED lighting in controlled agricultural environments.

Q4. What are the major segments for agricultural lighting market?

Answer: The future of the agricultural lighting market looks promising with opportunities in the horticulture, livestock, and aquaculture markets.

Q5. Who are the key Agricultural Lighting Market companies?

Answer: Some of the key agricultural lighting companies are as follows.

• Signify Holding
• OSRAM
• Gavita International
• Valoya
• California LightWorks
• DeLaval
• CBM Lighting

Q6. Which agricultural lighting market segment will be the largest in future?

Answer: Lucintel forecasts that below 50w is expected to witness highest growth over the forecast period due to growing use of LED lighting in agricultural applications; lower-wattage LED bulbs can provide brighter, more adequate illumination.

Q7. In agricultural lighting market, which region is expected to be the largest in next 5 years?

Answer: Europe is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agricultural lighting market by wattage type (below 50W, 50 - 150W, and above 150W), offering (hardware, software, and services), light source (fluorescent, HID, LED, and others), application (horticulture, livestock, and aquaculture), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?