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

Horticulture Lighting Trends and Forecast

The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets. The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030 with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.

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

Horticulture Lighting by Segment

The study includes a forecast for the global horticulture lighting by offering, technology, cultivation type, application, and region.

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

• Hardware
• Software & Services

Horticulture Lighting Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Fluorescent
• High-Intensity Discharge
• Light-Emitting Diode
• Others

Horticulture Lighting Market by Cultivation Type [Shipment Analysis by Value from 2018 to 2030]:

• Fruits & Vegetables
• Floriculture
• Cannabis

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

• Greenhouses
• Vertical Farms
• Indoor Farms
• Others

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

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

List of Horticulture 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 horticulture lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the horticulture lighting companies profiled in this report include-

• Signify Holding
• Gavita International
• Heliospectra
• ams-OSRAM International
• California LightWorks
• Valoya
• Hortilux Schreder
• ILUMINAR Lighting
• Current Lighting Solutions
• GE Lighting

Horticulture Lighting Market Insights

Lucintel forecasts that cannabis is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets in the region.

Features of the Global Horticulture Lighting Market

Market Size Estimates: Horticulture 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: Horticulture lighting market size by various segments, such as by offering, technology, cultivation type, application, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different offering, technology, cultivation type, application, and regions for the horticulture lighting market.

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

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

FAQ

Q1. What is the horticulture lighting market size?

Answer: The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030.

Q2. What is the growth forecast for horticulture lighting market?

Answer: The global horticulture lighting market is expected to grow with a CAGR of 16.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the horticulture lighting market?

Answer: The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.

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

Answer: The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets.

Q5. Who are the key horticulture lighting market companies?

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

• Signify Holding
• Gavita International
• Heliospectra
• ams-OSRAM International
• California LightWorks
• Valoya
• Hortilux Schreder
• ILUMINAR Lighting
• Current Lighting Solutions
• GE Lighting

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

Answer: Lucintel forecasts that cannabis is expected to witness the highest growth over the forecast period.

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

Answer: APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets in the region.

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 horticulture lighting market by offering (hardware and software & services), technology (fluorescent, high-intensity discharge, light-emitting diode, and others), cultivation type (fruits & vegetables, floriculture, and cannabis), application (greenhouses, vertical farms, indoor farms, and others), 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?