Horticulture Lighting Market Size, Share, and Growth Analysis, By Installation Type (New Installations, Retrofit Installations), By Lighting Type, By Offering, By Cultivation Type, By Technology, By Application, By Region - Industry Forecast 2026-2033

Horticulture Lighting Market size was valued at USD 8.79 Billion in 2024 and is poised to grow from USD 11.88 Billion in 2025 to USD 132.67 Billion by 2033, growing at a CAGR of 35.2% during the forecast period (2026-2033).

The horticulture lighting market is increasingly leaning toward LED technology, renowned for its easy installation and cost-effectiveness. Compared to traditional light sources, LEDs not only lower operational costs but also outlast conventional bulbs, operating for over 50,000 hours while ensuring high reliability through their longevity. The surge in vertical farming initiatives is driven by heightened consumer demand for sustainable food sources and growing awareness of the benefits associated with these practices. Moreover, research into urban vertical farming's economic viability accentuates the sector's potential. The decline in available fertile land alongside a rising global population underscores the urgency for alternative agricultural solutions, further fueling the demand for advanced horticultural lighting technologies and innovative systems that promote sustainable practices.

Top-down and bottom-up approaches were used to estimate and validate the size of the Horticulture Lighting market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Horticulture Lighting Market Segments Analysis

Global Horticulture Lighting Market is segmented by Installation Type, Lighting Type, Offering, By Cultivation Type, Technology, Application and region. Based on Installation Type, the market is segmented into New Installations and Retrofit Installations. Based on Lighting Type, the market is segmented into Toplighting and Interlighting. Based on Offering, the market is segmented into Hardware andSoftware& Services. Based on By Cultivation Type, the market is segmented into Fruits & Vegetables, Floriculture and Cannabis. Based on Technology, the market is segmented into Fluorescent, High-intensity Discharge (HID), Light-emitting Diode (LED) and Others. Based on Application, the market is segmented into Greenhouses, Vertical Farms, Indoor Farms and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Horticulture Lighting Market

The horticulture lighting market is significantly influenced by the transition from conventional lighting solutions to LED technology. LED lighting is renowned for its energy efficiency and extended lifespan, making it an appealing choice for growers. Additionally, its adaptability in customizing light spectra permits cultivation tailored to the unique needs of various crops. This capability to optimize lighting conditions enhances plant growth and yields, making LED systems increasingly favored among horticulturalists. As more growers recognize the benefits of LED solutions over traditional methods, this trend continues to propel the growth and evolution of the horticulture lighting industry.

Restraints in the Horticulture Lighting Market

The Horticulture Lighting market faces a significant challenge due to the need for specialized knowledge and expertise in managing light spectra for various crops and their growth stages. Although LED lighting offers the benefit of customizable light spectra, improper management can hinder plant development and result in diminished yields. Growers must possess an understanding of the specific light requirements for different plants and growth phases. Without this expertise, the potential advantages of advanced lighting technologies may not be fully realized, ultimately impacting overall productivity and profitability in horticultural practices.

Market Trends of the Horticulture Lighting Market

The horticulture lighting market is witnessing a significant trend towards the adoption of advanced LED technology, driven by its energy efficiency, longevity, and customizable light spectra. Growers are increasingly transitioning from traditional High-Pressure Sodium (HPS) lamps to LEDs, recognizing the benefits of enhanced crop yields and superior plant quality. This shift enables producers to tailor light wavelengths to optimize various growth stages, fostering improved agricultural outcomes. Additionally, the lower heat output of LEDs minimizes cooling requirements, contributing to overall energy savings. As sustainable practices gain momentum, the horticulture lighting sector is poised for robust growth, driven by the increasing demand for efficient and controlled lighting solutions in vertical farming and controlled environment agriculture (CEA).