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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1297751

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1297751

Agricultural Lighting Market by Light Source (Fluorescent, HID, LED), Application (Horticulture, Livestock, Aquaculture), Offering (Hardware, Software, Services), Installation Type, Wattage Type, Sales Channel and Region - Global Forecast to 2028

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Table of Contents

The global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives to promote agricultural lighting, growing demand for food owing to the increasing population. All these factors could play a key role in driving the growth of the agricultural lighting market.

"Rising penetration of LED lights in agricultural lighting due to their long lifespan, spectrum adjustability, and energy efficiency"

The LED technology segment is projected to grow by light source at the highest CAGR from 2023 to 2028 for the agricultural lighting market. LED lighting allows precise control over the light spectrum, enabling growers to tailor the light output to specific crop requirements. Different stages of plant growth, such as vegetative growth and flowering, benefit from different light spectra. LED technology enables the customization of light wavelengths to optimize plant growth, yield, and quality. LED lighting offers dimming capabilities, allowing growers to adjust the light intensity according to the crop's needs. This flexibility facilitates precise control over light levels, mimicking natural light variations and providing optimal conditions for photosynthesis and plant development.

"Rising requirement of software for agricultural automation to witness highest CAGR during the forecast period"

The software segment is projected to grow at the highest CAGR during the forecast period. Software-driven agricultural lighting systems collect data on lighting performance, energy consumption, and crop responses. Analyzing this data provides valuable insights into crop growth patterns, lighting efficiency, and resource allocation. With data-driven decision-making, farmers and growers can optimize their lighting strategies, identify improvement areas, and maximize operational efficiency.

"Rising demand for below 50W lighting product segment during between 2023 and 2028"

The below 50W segment provides affordable entry-level solutions for small-scale and novice growers starting their agricultural operations. These cost-effective lighting options enable newcomers to invest in lighting systems without significant upfront expenses, making it easier to enter the market and establish their agricultural setups.

"Increasing demand for new installations to witness larger market share in 2023"

Farmers and growers are increasingly recognizing the significant impact of lighting on crop growth, yield, and quality. Proper lighting is vital in optimizing photosynthesis, promoting plant development, and influencing plant physiology. As awareness of the benefits of specialized lighting solutions spreads, there is a rising demand for new installations of agricultural lighting systems.

"Increasing demand for online/e-commerce sales channel due to increased convenience during the forecast period"

Online platforms provide detailed product information, specifications, and customer reviews. Farmers and growers can gather comprehensive information about different lighting solutions, compare features, and read feedback from other customers. This helps make informed purchasing decisions based on the specific requirements of their agricultural operations. With the availability of internet access increasing in rural areas worldwide, buyers will find it easier to buy products online, which will further lead to the growth of the online/e-commerce segment.

"Rising requirement of fresh farm food will tend the horticulture segment to witness highest CAGR during the forecast period"

The horticulture segment is projected to grow at the highest CAGR during the forecast period. Increased food demand across the world with the increasing global population will lead to the growth of this segment. Growth of horticulture lighting in the agricultural lighting market is driven by the growing adoption of controlled environment agriculture, the awareness of crop-specific lighting requirements, advancements in LED technology, the focus on crop quality and yield, market demand for locally grown and specialty crops, environmental benefits and sustainability, technological advances, and government support. These factors collectively contribute to the expanding scope and opportunities in the horticulture lighting sector of the agricultural lighting market.

"Asia Pacific is projected to become the largest geographical market between 2023 and 2028"

APAC is projected to hold the largest market for agricultural lighting market during the forecast period. This can be attributed to its continuously increasing population, leading to rising food demand from Asia Pacific. This has led to an increase in the adoption of advanced farming technologies such as CEA to supply fresh fruits and vegetables throughout the year. The Asia Pacific region has a growing focus on sustainable and eco-friendly agricultural practices. Energy-efficient lighting solutions like LED lights are favored for their reduced energy consumption and lower environmental impact. The alignment of agricultural lighting with sustainability objectives encourages the adoption of such solutions, further driving market growth.

Breakdown of profiles of primary participants:

  • By Company: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-level Executives = 40%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
  • By Region: Americas = 40%, Europe=30%, Asia Pacific = 20% and RoW=10%

Major players profiled in this report:

The agricultural lighting market is dominated by a few established players such as Signify Holding (Netherlands), ams-OSRAM GmbH (Germany), Gavita International B.V. (Netherlands), Valoya (Finland), California LightWorks (US), DeLaval (Sweden), CBM Lighting (Canada), Heliospectra AB (Sweden), Hortilux Schreder (Netherlands).

Research coverage

This report offers detailed insights into the agricultural lighting market based on offering (Hardware, Software, Services), light source (Fluorescent, HID, LED and Others), wattage type (Below 50W, 50 - 150W, Above 150W), sales channel (Retail/Wholesale, Direct Sales, Online/E-commerce), application (Horticulture, Livestock, Aquaculture), installation type (New, Retrofit), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East, Africa, and South America.

The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the agricultural lighting market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to buy the report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall agricultural lighting market and related segments and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the agricultural lighting market and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Strong government support; Heightened demand for fresh food; Increased investments in vertical farms and greenhouses; Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth), restraints (High setup and installation costs, Complex requirement for varied light spectra for different crops), opportunities (Consolidating trend of farm-to-table concept, Year-round crop production, Gradual emergence of agriculture lighting software and calculators) and challenges (Effective integration of different components, Lack of standard testing practices).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the agricultural lighting market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the agricultural lighting market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the agricultural lighting market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Signify Holding (Netherlands), ams-OSRAM GmbH (Germany), Gavita International B.V. (Netherlands), Valoya (Finland), California LightWorks (US), DeLaval (Sweden), CBM Lighting (Canada), Heliospectra AB (Sweden), Hortilux Schreder (Netherlands) among others.
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Product Code: SE 8686

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 UNITS CONSIDERED
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 AGRICULTURAL LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
    • FIGURE 3 AGRICULTURAL LIGHTING MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 List of key secondary sources
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Breakdown of primary interviews
      • 2.1.2.2 Key data from primary sources
      • 2.1.2.3 Primary interviews with experts
    • 2.1.3 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS
      • 2.1.3.1 Key industry insights
    • 2.1.4 SECONDARY AND PRIMARY RESEARCH
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach for calculating market size using bottom-up analysis
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach for calculating market size using top-down analysis
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 8 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
    • TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
  • 2.5 LIMITATIONS
  • 2.6 RISK ASSESSMENT: AGRICULTURAL LIGHTING MARKET
  • 2.7 RECESSION IMPACT

3 EXECUTIVE SUMMARY

    • FIGURE 9 HARDWARE OFFERING SEGMENT TO ACCOUNT FOR LARGER SHARE OF AGRICULTURAL LIGHTING MARKET
    • FIGURE 10 LED LIGHT SOURCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
    • FIGURE 11 NEW INSTALLATIONS SEGMENT TO HOLD LARGER MARKET SHARE
    • FIGURE 12 RETAIL/WHOLESALE SALES CHANNEL TO ACCOUNT FOR LARGEST MARKET SIZE
    • FIGURE 13 BELOW 50W SEGMENT TO HAVE LARGEST MARKET SHARE, BY WATTAGE TYPE
    • FIGURE 14 LIVESTOCK APPLICATION TO HOLD LARGEST MARKET SHARE
    • FIGURE 15 EUROPEAN MARKET TO GROW AT HIGHEST CAGR

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN AGRICULTURAL LIGHTING MARKET
    • FIGURE 16 INCREASING ADOPTION OF VERTICAL FARMING AND GREENHOUSES TO CREATE GROWTH OPPORTUNITIES IN EUROPEAN MARKET
  • 4.2 AGRICULTURAL LIGHTING MARKET, BY OFFERING
    • FIGURE 17 SERVICES OFFERING SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE
  • 4.3 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE
    • FIGURE 18 HID LIGHT SOURCE TO ACCOUNT FOR SECOND-LARGEST LARGEST MARKET SHARE
  • 4.4 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION AND COUNTRY
    • FIGURE 19 LIVESTOCK APPLICATION AND CHINA TO ACCOUNT FOR LARGEST SHARES OF AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC
  • 4.5 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE
    • FIGURE 20 RETROFIT INSTALLATIONS TO ACCOUNT FOR INCREASED MARKET SHARE
  • 4.6 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL
    • FIGURE 21 ONLINE/E-COMMERCE SALES CHANNEL TO ACCOUNT FOR INCREASED MARKET SHARE
  • 4.7 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE
    • FIGURE 22 50-150W SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE, BY WATTAGE TYPE
  • 4.8 AGRICULTURAL LIGHTING MARKET, BY APPLICATION
    • FIGURE 23 HORTICULTURE APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST CAGR
  • 4.9 AGRICULTURAL LIGHTING MARKET, BY REGION
    • FIGURE 24 AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC TO HOLD LARGEST MARKET SHARE

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AGRICULTURAL LIGHTING MARKET
    • 5.2.1 DRIVERS
      • 5.2.1.1 Strong governmental support for controlled environment agriculture and adoption of SSL technology
      • 5.2.1.2 Heightened demand for fresh food and loss of arable land
    • FIGURE 26 POPULATION VS. ARABLE LAND STATISTICS, 1950-2050
      • 5.2.1.3 Increased investments in vertical farms and greenhouses, along with legalization of cannabis cultivation
    • TABLE 2 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
    • TABLE 3 REDUCTION IN HARVEST CYCLE USING LED AGRICULTURAL LIGHTING ON CANNABIS STRAINS
      • 5.2.1.4 Extensive deployment of LED fixtures in controlled agricultural environment
    • TABLE 4 COMPARISON OF TYPICAL SPECIFICATIONS OF LED AND HID
      • 5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth
    • FIGURE 27 DRIVERS AND THEIR IMPACT ON AGRICULTURAL LIGHTING
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High setup and installation costs of LED agriculture lights
      • 5.2.2.2 Complex requirements for varied light spectra for different crops
    • TABLE 5 STANDARD SPECTRA
    • FIGURE 28 RESTRAINTS AND THEIR IMPACT ON AGRICULTURAL LIGHTING
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Consolidating trend of farm-to-table concept
      • 5.2.3.2 Promising growth opportunities for vertical farming in Asia and Middle East
      • 5.2.3.3 Year-round crop production, irrespective of weather conditions
      • 5.2.3.4 Gradual emergence of agricultural lighting software and tools
    • FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON AGRICULTURAL LIGHTING
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Deployment of controlled environment agriculture technology in large fields and need for technical knowledge
      • 5.2.4.2 Lack of standard testing practices for assessing product quality of agriculture lights and their fixtures
      • 5.2.4.3 Effective integration of different components and technologies used in controlled environment agriculture facilities
    • FIGURE 30 CHALLENGES AND THEIR IMPACT ON AGRICULTURAL LIGHTING
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 31 AGRICULTURAL LIGHTING MARKET: VALUE CHAIN ANALYSIS
    • 5.3.1 RESEARCH AND DEVELOPMENT CENTERS
    • 5.3.2 COMPONENT PROVIDERS/INPUT SUPPLIERS
    • 5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
    • 5.3.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS
    • 5.3.5 DISTRIBUTORS AND SALES PARTNERS
    • 5.3.6 END USERS
  • 5.4 ECOSYSTEM MAPPING: AGRICULTURAL LIGHTING MARKET
    • FIGURE 32 AGRICULTURAL LIGHTING MARKET: ECOSYSTEM MAPPING
    • TABLE 6 AGRICULTURAL LIGHTING MARKET ECOSYSTEM MAPPING
  • 5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS
    • 5.5.1 PRICING ANALYSIS FOR KEY PLAYERS AND APPLICATION
    • FIGURE 33 INDICATIVE AVERAGE PRICES OF AGRICULTURAL LIGHTING, 2019-2026
    • TABLE 7 INDICATIVE PRICES OF AGRICULTURAL LIGHTING FIXTURES
    • FIGURE 34 AVERAGE SELLING PRICES, BY KEY PLAYER, BY APPLICATION
    • TABLE 8 AVERAGE SELLING PRICES OF DIFFERENT LIGHT SOURCES, BY KEY PLAYER (USD)
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 35 REVENUE SHIFT FOR AGRICULTURAL LIGHTING
  • 5.7 TECHNOLOGY ANALYSIS
    • TABLE 9 LEADING TRENDS IN AGRICULTURAL LIGHTING MARKET
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 36 AGRICULTURAL LIGHTING MARKET: PORTER'S FIVE FORCES ANALYSIS
    • TABLE 10 PORTER'S FIVE FORCES ANALYSIS WITH THEIR IMPACT
    • 5.8.1 INTENSITY OF COMPETITIVE RIVALRY
    • 5.8.2 BARGAINING POWER OF SUPPLIERS
    • 5.8.3 BARGAINING POWER OF BUYERS
    • 5.8.4 THREAT OF SUBSTITUTES
    • 5.8.5 THREAT OF NEW ENTRANTS
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
    • TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    • TABLE 12 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 KERNOCK PARK PLANTS
    • TABLE 13 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS)
    • 5.10.2 GLENWOOD VALLEY FARMS
    • TABLE 14 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE YIELD
    • 5.10.3 GREEN SIMPLICITY
    • TABLE 15 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI
    • 5.10.4 NS BRANDS
    • TABLE 16 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS
  • 5.11 TRADE ANALYSIS
    • TABLE 17 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017-2021 (USD MILLION)
    • FIGURE 39 LAMPS AND LIGHTING FITTINGS, IMPORT VALUES FOR MAJOR COUNTRIES, 2017-2021
    • TABLE 18 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017-2021 (USD MILLION)
    • FIGURE 40 LAMPS AND LIGHTING FITTINGS, EXPORT VALUES FOR MAJOR COUNTRIES, 2017-2021
  • 5.12 PATENT ANALYSIS
    • FIGURE 41 NUMBER OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013-2022
    • FIGURE 42 REGIONAL ANALYSIS OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013-2022
    • TABLE 19 LIST OF FEW PATENTS IN AGRICULTURAL LIGHTING, 2019-2022
    • TABLE 20 AGRICULTURAL LIGHTING: DETAILED LIST OF CONFERENCES AND EVENTS
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    • 5.13.1 REGULATIONS: AGRICULTURAL LIGHTING
    • TABLE 21 REGULATIONS: AGRICULTURAL LIGHTING
    • 5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 25 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.13.3 STANDARDS
    • 5.13.4 TARIFFS: AGRICULTURAL LIGHTING

6 AGRICULTURAL LIGHTING MARKET, BY OFFERING

  • 6.1 INTRODUCTION
    • FIGURE 43 AGRICULTURAL LIGHTING MARKET, BY OFFERING
    • FIGURE 44 HARDWARE SEGMENT TO HOLD LARGER MARKET SIZE
    • TABLE 26 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 27 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023-2028 (USD MILLION)
  • 6.2 HARDWARE
    • 6.2.1 INCREASED DEMAND FOR LIGHTING TO DRIVE SEGMENT
    • TABLE 28 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 29 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • 6.2.2 LIGHTING FIXTURES
      • 6.2.2.1 Lamps
      • 6.2.2.2 Luminaires
    • 6.2.3 LIGHTING CONTROLS
    • FIGURE 45 LIGHTING FIXTURES TO HAVE LARGER MARKET SHARE IN HARDWARE SEGMENT
    • TABLE 30 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 31 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023-2028 (USD MILLION)
  • 6.3 SOFTWARE
    • 6.3.1 INCREASING ADOPTION OF AGRICULTURAL LIGHTING SOFTWARE TO ENSURE SEAMLESS OPERATIONS OF FARMING ACTIVITIES
    • TABLE 32 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 33 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 6.4 SERVICES
    • 6.4.1 INSTALLATION, MAINTENANCE, AND MONITORING TO BOOST SEGMENT
    • TABLE 34 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 35 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • 6.4.2 PROFESSIONAL SERVICES
    • 6.4.3 MANAGED SERVICES
    • TABLE 36 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 37 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023-2028 (USD MILLION)

7 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE

  • 7.1 INTRODUCTION
    • FIGURE 46 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE
    • FIGURE 47 LED SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
    • TABLE 38 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019-2022 (USD MILLION)
    • TABLE 39 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023-2028 (USD MILLION)
  • 7.2 FLUORESCENT
    • 7.2.1 INCREASED INDOOR FARMING TO BOOST MARKET
    • 7.2.2 T5 FLUORESCENT LIGHTS
    • 7.2.3 COMPACT FLUORESCENT LAMP (CFL)
    • TABLE 40 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 41 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 7.3 HIGH-INTENSITY DISCHARGE (HID)
    • 7.3.1 HIGH LIGHT OUTPUT IN AQUACULTURE TO INCREASE DEMAND
    • 7.3.2 HIGH-PRESSURE SODIUM (HPS) LAMPS
    • 7.3.3 METAL-HALIDE (MH) LAMPS
    • TABLE 42 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 43 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 7.4 LIGHT-EMITTING DIODE (LED)
    • 7.4.1 LED LIGHTS ADOPTED IN INDOOR FARMING FOR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY
    • TABLE 44 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 45 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 7.5 OTHERS
    • TABLE 46 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 47 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

8 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE

  • 8.1 INTRODUCTION
    • FIGURE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE
    • FIGURE 49 BELOW 50W WATTAGE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    • TABLE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019-2022 (USD MILLION)
    • TABLE 49 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023-2028 (USD MILLION)
  • 8.2 BELOW 50W
    • 8.2.1 EXTENSIVE USE OF LED LIGHTS OF BELOW 50W TO HOLD LARGEST MARKET SHARE
    • TABLE 50 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 51 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 8.3 50-150W
    • 8.3.1 REPLACEMENT OF EXPENSIVE METAL HALIDES TO RESULT IN SIGNIFICANT GROWTH OF SEGMENT
    • TABLE 52 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 53 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 8.4 ABOVE 150W
    • 8.4.1 INCREASED SAFETY AND REQUIREMENT FOR BRIGHTER ILLUMINATION TO DRIVE MARKET
    • TABLE 54 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 55 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

9 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE

  • 9.1 INTRODUCTION
    • FIGURE 50 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE
    • FIGURE 51 NEW INSTALLATION TYPE TO HOLD A LARGER MARKET FOR AGRICULTURAL LIGHTING BETWEEN 2023 AND 2028
    • TABLE 56 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 57 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
  • 9.2 NEW INSTALLATION
    • 9.2.1 INCREASING POPULATION AND DEMAND TO DRIVE MARKET
    • TABLE 58 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 59 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 9.3 RETROFIT INSTALLATION
    • 9.3.1 UPCOMING LED TECHNOLOGY TO INCREASE DEMAND
    • TABLE 60 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 61 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, BY APPLICATION, 2023-2028 (USD MILLION)

10 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL

  • 10.1 INTRODUCTION
    • FIGURE 52 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL
    • FIGURE 53 ONLINE/E-COMMERCE SALES CHANNEL TO RECORD HIGHEST CAGR IN AGRICULTURAL LIGHTING MARKET
    • TABLE 62 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 63 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
  • 10.2 RETAIL/WHOLESALE
    • 10.2.1 MAJOR MARKET SHARE OF RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO DRIVE MARKET
    • TABLE 64 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 65 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 10.3 DIRECT SALES/CONTRACT-BASED
    • 10.3.1 LESS INTERFERENCE FROM THIRD PARTIES TO RESULT IN REDUCTION OF PROCUREMENT COSTS
    • TABLE 66 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 67 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 10.4 ONLINE/E-COMMERCE
    • 10.4.1 E-COMMERCE-BASED FARM LIGHTING SALES TO INCREASE SIGNIFICANTLY
    • TABLE 68 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 69 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

11 AGRICULTURAL LIGHTING MARKET, BY APPLICATION

  • 11.1 INTRODUCTION
    • FIGURE 54 AGRICULTURAL LIGHTING MARKET, BY APPLICATION
    • FIGURE 55 HORTICULTURE TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
    • TABLE 70 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 71 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 11.2 HORTICULTURE
    • 11.2.1 RISING DEMAND FOR FRESH FARM FOOD TO DRIVE MARKET
    • FIGURE 56 AGRICULTURAL LIGHTING MARKET, BY HORTICULTURE
    • FIGURE 57 GREENHOUSES SEGMENT TO GROW AT A SIGNIFICANT RATE DURING FORECAST PERIOD
    • TABLE 72 HORTICULTURE: AGRICULTURAL LIGHTING MARKET: BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 73 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 74 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 75 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 76 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 77 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 78 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019-2022 (USD MILLION)
    • TABLE 79 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023-2028 (USD MILLION)
    • TABLE 80 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019-2022 (USD MILLION)
    • TABLE 81 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023-2028 (USD MILLION)
    • TABLE 82 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 83 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 84 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 85 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • 11.2.2 GREENHOUSES
    • TABLE 86 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 87 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 11.2.3 VERTICAL FARMS
    • TABLE 88 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 89 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 11.2.4 OTHERS
      • 11.2.4.1 Indoor farms
      • 11.2.4.2 Cannabis and research applications
    • TABLE 90 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 91 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 11.3 LIVESTOCK
    • 11.3.1 RISING DEMAND FOR MILK, MEAT, AND EGGS TO INCREASE MARKET SHARE
    • FIGURE 58 AGRICULTURAL LIGHTING MARKET, BY LIVESTOCK
    • FIGURE 59 CATTLE/DAIRY FARMS TO BE LARGEST LIVESTOCK APPLICATION FOR IN 2023
    • TABLE 92 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 93 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 94 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 95 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 96 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 97 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 98 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019-2022 (USD MILLION)
    • TABLE 99 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023-2028 (USD MILLION)
    • TABLE 100 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019-2022 (USD MILLION)
    • TABLE 101 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023-2028 (USD MILLION)
    • TABLE 102 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 103 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 104 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 105 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
    • 11.3.2 CATTLE/DAIRY FARMS
    • TABLE 106 RECOMMENDED LIGHT LEVELS FOR DAIRY
    • TABLE 107 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET: BY REGION, 2019-2022 (USD MILLION)
    • TABLE 108 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 11.3.3 SWINE FARMS
    • TABLE 109 RECOMMENDED LIGHT INTENSITY AND PHOTOPERIOD FOR SWINE
    • TABLE 110 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 111 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 11.3.4 POULTRY FARMS
    • TABLE 112 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 113 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 11.4 AQUACULTURE
    • 11.4.1 INCREASED DEMAND FOR FARMED FISH TO CREATE SIGNIFICANT DEMAND
    • TABLE 114 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 115 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 116 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 117 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 118 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019-2022 (USD MILLION)
    • TABLE 119 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023-2028 (USD MILLION)
    • TABLE 120 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019-2022 (USD MILLION)
    • TABLE 121 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023-2028 (USD MILLION)
    • TABLE 122 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 123 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 124 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 125 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)

12 AGRICULTURAL LIGHTING MARKET, BY REGION

  • 12.1 INTRODUCTION
    • FIGURE 60 AGRICULTURAL LIGHTING MARKET, BY REGION
    • FIGURE 61 AGRICULTURAL LIGHTING MARKET, BY COUNTRY/REGION
    • TABLE 126 AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 127 AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 12.2 AMERICAS
    • FIGURE 62 AMERICAS: AGRICULTURAL LIGHTING MARKET SNAPSHOT
    • TABLE 128 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 129 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 130 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 131 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • 12.2.1 NORTH AMERICA
    • FIGURE 63 MEXICO TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    • TABLE 132 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 133 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
      • 12.2.1.1 US
        • 12.2.1.1.1 Increasing number of vertical farms to drive market
      • 12.2.1.2 Canada
        • 12.2.1.2.1 Unfavorable climatic conditions necessitate adoption of agricultural lighting
      • 12.2.1.3 Mexico
        • 12.2.1.3.1 Growing population and scarcity of resources to fuel adoption of agricultural lighting
    • 12.2.2 SOUTH AMERICA
    • FIGURE 64 AGRICULTURAL LIGHTING MARKET: SOUTH AMERICA, BY COUNTRY
    • TABLE 134 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 135 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
      • 12.2.2.1 Brazil
        • 12.2.2.1.1 Increasing greenhouses in region to fuel market demand
      • 12.2.2.2 Argentina
        • 12.2.2.2.1 Land scarcity to drive demand for effective lighting and modern agricultural techniques
      • 12.2.2.3 Rest of South America
    • 12.2.3 IMPACT OF RECESSION ON AMERICAS
  • 12.3 EUROPE
    • FIGURE 65 EUROPE: AGRICULTURAL LIGHTING MARKET SNAPSHOT
    • TABLE 136 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 137 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 138 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 139 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • 12.3.1 UK
      • 12.3.1.1 Increasing vertical farms and greenhouses to fuel demand for agricultural lighting
    • 12.3.2 GERMANY
      • 12.3.2.1 Presence of prominent agricultural lighting players to fuel market demand
    • 12.3.3 FRANCE
      • 12.3.3.1 High potential growth in aquaculture to boost market
    • 12.3.4 NETHERLANDS
      • 12.3.4.1 Presence of established greenhouses to support market growth
    • 12.3.5 SPAIN
      • 12.3.5.1 Increased greenhouse production to boost demand
    • 12.3.6 REST OF EUROPE
    • 12.3.7 IMPACT OF RECESSION ON EUROPE
  • 12.4 ASIA PACIFIC
    • FIGURE 66 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET SNAPSHOT
    • TABLE 140 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 141 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 142 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 143 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • 12.4.1 CHINA
      • 12.4.1.1 Affordability and availability of LED lighting systems to fuel demand
    • 12.4.2 JAPAN
      • 12.4.2.1 Rising adoption of urban farming practices to encourage use of agricultural lights
    • 12.4.3 INDIA
      • 12.4.3.1 High adoption rate for greenhouses and vertical farms to drive market
    • 12.4.4 SOUTH KOREA
      • 12.4.4.1 Adoption of advanced aquaculture technologies to drive market
    • 12.4.5 AUSTRALIA
      • 12.4.5.1 Legalization of cannabis cultivation, along with less rainfall, to drive market
    • 12.4.6 REST OF ASIA PACIFIC
    • 12.4.7 IMPACT OF RECESSION ON ASIA PACIFIC
  • 12.5 REST OF THE WORLD (ROW)
    • TABLE 144 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 145 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • FIGURE 67 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION
    • TABLE 146 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 147 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 12.5.1 MIDDLE EAST
      • 12.5.1.1 Increasing investments for local food production to boost market
    • 12.5.2 AFRICA
      • 12.5.2.1 Unfavorable climatic conditions to increase adoption of agricultural lighting
    • 12.5.3 IMPACT OF RECESSION ON REST OF THE WORLD

13 COMPETITIVE LANDSCAPE

  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
    • TABLE 148 OVERVIEW OF STRATEGIES DEPLOYED BY AGRICULTURAL LIGHTING MARKET PLAYERS
    • 13.2.1 PRODUCT PORTFOLIO
    • 13.2.2 REGIONAL FOCUS
    • 13.2.3 MANUFACTURING FOOTPRINT
    • 13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
  • 13.3 MARKET SHARE ANALYSIS
    • TABLE 149 AGRICULTURAL LIGHTING MARKET: INTENSITY OF COMPETITIVE RIVALRY, 2022
  • 13.4 REVENUE ANALYSIS OF TOP PLAYERS
    • FIGURE 68 FIVE-YEAR REVENUE ANALYSIS OF LEADING MARKET PLAYERS (2018-2022)
  • 13.5 COMPANY EVALUATION MATRIX
    • 13.5.1 STARS
    • 13.5.2 EMERGING LEADERS
    • 13.5.3 PERVASIVE PLAYERS
    • 13.5.4 PARTICIPANTS
    • FIGURE 69 AGRICULTURAL LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
    • TABLE 150 COMPANY FOOTPRINT
    • TABLE 151 APPLICATION FOOTPRINT
    • TABLE 152 COMPANY OFFERING FOOTPRINT
    • TABLE 153 COMPANY REGION FOOTPRINT
  • 13.6 COMPETITIVE BENCHMARKING
    • 13.6.1 STARTUP EVALUATION MATRIX: AGRICULTURAL LIGHTING MARKET
    • TABLE 154 AGRICULTURAL LIGHTING MARKET: DETAILED LIST OF KEY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
    • TABLE 155 AGRICULTURAL LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY SMES
  • 13.7 SME EVALUATION MATRIX
    • 13.7.1 PROGRESSIVE COMPANIES
    • 13.7.2 RESPONSIVE COMPANIES
    • 13.7.3 DYNAMIC COMPANIES
    • 13.7.4 STARTING BLOCKS
    • FIGURE 70 AGRICULTURAL LIGHTING MARKET (GLOBAL): SME EVALUATION MATRIX, 2022
  • 13.8 COMPETITIVE SCENARIO
    • 13.8.1 PRODUCT LAUNCHES
    • TABLE 156 AGRICULTURAL LIGHTING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020 -MAY 2023
    • 13.8.2 DEALS
    • TABLE 157 AGRICULTURAL LIGHTING MARKET: DEALS, JANUARY 2020-MAY 2023
    • 13.8.3 OTHERS
    • TABLE 158 AGRICULTURAL LIGHTING MARKET: OTHERS, JANUARY 2020-MAY 2023

14 COMPANY PROFILES

  • (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 14.1 KEY PLAYERS
    • 14.1.1 SIGNIFY HOLDING
    • TABLE 159 SIGNIFY HOLDING: COMPANY OVERVIEW
    • FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT
    • 14.1.2 DELAVAL
    • TABLE 160 DELAVAL: COMPANY OVERVIEW
    • FIGURE 72 DELAVAL: COMPANY SNAPSHOT
    • 14.1.3 LELY
    • TABLE 161 LELY: COMPANY OVERVIEW
    • 14.1.4 SUNBIRD
    • TABLE 162 SUNBIRD: COMPANY OVERVIEW
    • 14.1.5 CBM LIGHTING
    • TABLE 163 CBM LIGHTING: COMPANY OVERVIEW
    • 14.1.6 ONCE
    • TABLE 164 ONCE: COMPANY OVERVIEW
    • 14.1.7 HATO AGRICULTURAL LIGHTING
    • TABLE 165 HATO AGRICULTURAL LIGHTING: COMPANY OVERVIEW
    • 14.1.8 AKVA GROUP
    • TABLE 166 AKVA GROUP: COMPANY OVERVIEW
    • FIGURE 73 AKVA GROUP: COMPANY SNAPSHOT
    • 14.1.9 GAVITA INTERNATIONAL B.V.
    • TABLE 167 GAVITA INTERNATIONAL B.V.: COMPANY OVERVIEW
    • 14.1.10 AMS-OSRAM AG (PART OF AMS AG)
    • TABLE 168 AMS-OSRAM AG: COMPANY OVERVIEW
    • FIGURE 74 AMS-OSRAM AG: COMPANY SNAPSHOT
    • 14.1.11 HELIOSPECTRA AB
    • TABLE 169 HELIOSPECTRA AB: COMPANY OVERVIEW
    • FIGURE 75 HELIOSPECTRA AB: COMPANY SNAPSHOT
    • 14.1.12 CALIFORNIA LIGHTWORKS
    • TABLE 170 CALIFORNIA LIGHTWORKS: COMPANY OVERVIEW
    • 14.1.13 HORTILUX SCHREDER (DOOL INDUSTRIES)
    • TABLE 171 HORTILUX SCHREDER: COMPANY OVERVIEW
    • 14.1.14 VALOYA
    • TABLE 172 VALOYA: COMPANY OVERVIEW
  • 14.2 OTHER PLAYERS
    • 14.2.1 HUBBELL
    • 14.2.2 SAMSUNG
    • 14.2.3 FIENHAGE POULTRY SOLUTIONS
    • 14.2.4 UNI-LIGHTLED LED
    • 14.2.5 HELIO LED LIGHTING
    • 14.2.6 ADOLF SCHUCH GMBH
    • 14.2.7 PLANET LIGHTING
    • 14.2.8 ARUNA LIGHTING
    • 14.2.9 BIG DUTCHMAN
    • 14.2.10 SHENZHEN HONTECH-WINS ELECTRONICS CO., LTD
    • 14.2.11 LUMINUS, INC.
    • 14.2.12 NICHIA CORPORATION
    • 14.2.13 EVERLIGHT ELECTRONICS CO., LTD.
    • 14.2.14 ILLUMINAR LIGHTING
    • 14.2.15 CREE LIGHTING
    • 14.2.16 GE LIGHTING, A SAVANT COMPANY
    • 14.2.17 ILLUMITEX
    • 14.2.18 SENMATIC
    • 14.2.19 OREON
    • 14.2.20 FLUENCE
    • 14.2.21 APACHE TECH, INC.
    • 14.2.22 BIOLOGICAL INNOVATION AND OPTIMIZATION SYSTEMS, LLC. (BIOS LIGHTING)
    • 14.2.23 EYE HORTILUX
  • *Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15 APPENDIX

  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
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