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967052

Asia Pacific Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Analysis - by Technology, Application, and Cultivation

Published: | The Insight Partners | 77 Pages | Delivery time: 1-2 business days

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Asia Pacific Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Analysis - by Technology, Application, and Cultivation
Published: September 15, 2020
The Insight Partners
Content info: 77 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Title:
Asia Pacific Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Analysis - by Technology (Fluorescent Lamps, High Intensity Discharge Lights, and LED Lights), Application (Greenhouses, Vertical Farming, and Indoor Farming), and Cultivation (Fruits and Vegetables and Floriculture).

The horticulture lighting market in APAC is expected to grow from US$ 663.7 million in 2019 to US$ 3,147.5 million by 2027; it is estimated to grow at a CAGR of 22.1% from 2020 to 2027.

Surge in population and advancements in greenhouse and indoor farming techniques are expected to hurry up the expansion of the APAC horticulture lighting market. Due to the population boom witnessed in APAC countries, the demand for food products is anticipated to extend within the coming years. This is often why several countries in APAC are focusing on greenhouse and indoor farming techniques to extend their agricultural yield significantly. Use of artificial lights for farming purposes is sort of low, particularly in some developing countries across APAC region. Still, with the growing popularity of horticulture and indoor crop cultivation, the APAC horticulture lighting market is predicted to pace up quickly within the near future because the farmers are adopting big data technologies, predictive analytics, internet of things, and automation within the farming techniques. Such developments and research initiatives taken in the horticulture field are driving the growth of the APAC horticulture lighting market. Growing government initiatives such as legalization of cannabis, various incentives is among the other factors expected to positively influence the demand for horticulture lighting in APAC. Furthermore, the APAC region is highly affected by COVID-19 outbreak, especially China and India. APAC is characterized by a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including horticulture lighting. Due to the pandemic, uncertain consumer demand and supply chain problems have affected the horticulture lighting industry in the region. The lockdown of various factories in China has affected the supply chains and negatively impacted the manufacturing and sales of various products and services. The pandemic has a severe impact on the LED industry since the supply chain is mostly located in this region and production majorly comes from China. The governments are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns as well as travel and trade bans. All these measures are expected to have a negative impact on the adoption and growth of horticulture lighting in 2020 and 2021.

Based on cultivation, the fruits and vegetables segment led the APAC horticulture lighting market in 2019. The dominance of this segment is mainly ascribed to the significantly greater use of artificial light for growing vegetables and fruits than that in the cultivation of flowers. According to the APAC-based Department of Agriculture, in 2019, there was a rise in the production of apples, grapes, and pears, than that in 2018, in APAC region. This is anticipated to contribute toward the greater use of horticulture lighting in the cultivation of fruits and vegetables. The climate variations in APAC countries, such as Australia and India, hamper agriculture, which compels them to import fresh vegetables and fruits from neighboring regions. The indoor and vertical farming techniques allow these countries to produce fruits and vegetables in a controlled environment. The fruits and vegetables segment is expected to dominate the market in the APAC region during the forecast period.

The overall APAC horticulture lighting market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC horticulture lighting market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC horticulture lighting market. Key players operating in the APAC horticulture lighting market include General Electric Company; Heliospectra AB; Hubbell, Inc.; Lumileds Holding B.V.; OSRAM Licht AG; and Signify N.V.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC horticulture lighting market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the APAC horticulture lighting market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the horticulture lighting market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Product Code: TIPRE00014160

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 APAC Horticulture Lighting Market - By Technology
    • 1.3.2 APAC Horticulture Lighting Market - By Application
    • 1.3.3 APAC Horticulture Lighting Market - By Cultivation
    • 1.3.4 APAC Horticulture Lighting Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. APAC Horticulture Lighting Market Landscape

  • 4.1 Market Overview
  • 4.2 APAC PEST Analysis
  • 4.3 Ecosystem Analysis
  • 4.4 Expert Opinion

5. APAC Horticulture Lighting Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Growing Government Initiatives
    • 5.1.2 Surge in Population and Advancements in Greenhouse and Indoor Farming Techniques
  • 5.2 Market Restraints
    • 5.2.1 Inadequate Awareness and High Costs Involved
  • 5.3 Market Opportunities
    • 5.3.1 Growing Significance of Vertical Farming
  • 5.4 Future Trends
    • 5.4.1 LED Lighting to Open New Growth Options
  • 5.5 Impact Analysis of Drivers and Restraints

6. Horticulture Lighting Market - APAC Analysis

  • 6.1 APAC Horticulture Lighting Market Overview
  • 6.2 APAC Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • 6.3 Market Positioning - Five Key Players

7. APAC Horticulture Lighting Market Analysis - By Technology

  • 7.1 Overview
  • 7.2 APAC Horticulture Lighting Market, By Technology (2019 and 2027)
  • 7.3 LED Lights
    • 7.3.1 Overview
    • 7.3.2 LED Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.4 High Intensity Discharge Lights
    • 7.4.1 Overview
    • 7.4.2 High Intensity Discharge Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Fluorescent Lamps
    • 7.5.1 Overview
    • 7.5.2 Fluorescent Lamps: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)

8. APAC Horticulture Lighting Market Analysis - By Application

  • 8.1 Overview
  • 8.2 APAC Horticulture Lighting Market, By Application (2019 and 2027)
  • 8.3 Greenhouses
    • 8.3.1 Overview
    • 8.3.2 Greenhouses: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Vertical Farming
    • 8.4.1 Overview
    • 8.4.2 Vertical Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.5 Indoor Farming
    • 8.5.1 Overview
    • 8.5.2 Indoor Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)

9. APAC Horticulture Lighting Market Analysis - By Cultivation

  • 9.1 Overview
  • 9.2 APAC Horticulture Lighting Market Breakdown, by Cultivation, 2019 & 2027
  • 9.3 Fruits and Vegetables
    • 9.3.1 Overview
    • 9.3.2 Fruits and Vegetables Market Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Floriculture
    • 9.4.1 Overview
    • 9.4.2 Floriculture Market Revenue and Forecast to 2027 (US$ Million)

10. APAC Horticulture Lighting Market - Country Analysis

  • 10.1 Overview
    • 10.1.1 APAC: Horticulture Lighting Market, by Key Country
      • 10.1.1.1 Australia: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.1.1 Australia: Horticulture Lighting Market, by Technology
        • 10.1.1.1.2 Australia: Horticulture Lighting Market, by Application
        • 10.1.1.1.3 Australia: Horticulture Lighting Market, by Cultivation
      • 10.1.1.2 China: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.2.1 China: Horticulture Lighting Market, by Technology
        • 10.1.1.2.2 China: Horticulture Lighting Market, by Application
        • 10.1.1.2.3 China: Horticulture Lighting Market, by Cultivation
      • 10.1.1.3 India: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.3.1 India: Horticulture Lighting Market, by Technology
        • 10.1.1.3.2 India: Horticulture Lighting Market, by Application
        • 10.1.1.3.3 India: Horticulture Lighting Market, by Cultivation
      • 10.1.1.4 Japan: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.4.1 Japan: Horticulture Lighting Market, by Technology
        • 10.1.1.4.2 Japan: Horticulture Lighting Market, by Application
        • 10.1.1.4.3 Japan: Horticulture Lighting Market, by Cultivation
      • 10.1.1.5 South Korea: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.5.1 South Korea: Horticulture Lighting Market, by Technology
        • 10.1.1.5.2 South Korea: Horticulture Lighting Market, by Application
        • 10.1.1.5.3 South Korea: Horticulture Lighting Market, by Cultivation
      • 10.1.1.6 Rest of APAC: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.6.1 Rest of APAC: Horticulture Lighting Market, by Technology
        • 10.1.1.6.2 Rest of APAC: Horticulture Lighting Market, by Application
        • 10.1.1.6.3 Rest of APAC: Horticulture Lighting Market, by Cultivation

11. APAC Horticulture Lighting Market- COVID-19 Impact Analysis

  • 11.1 APAC: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

  • 12.1 Market Initiative
  • 12.2 New Development

13. Company Profiles

  • 13.1 Signify N.V.
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 Heliospectra AB
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 Lumileds Holding B.V.
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 OSRAM Licht AG
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 General Electric Company
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 Hubbell, Inc.
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Word Index

List Of Tables

  • Table 1. APAC Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Australia: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Australia: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 4. Australia: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 5. China: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 6. China: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 7. China: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 8. India: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 9. India: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 10. India: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 11. Japan: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 12. Japan: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 13. Japan: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 14. South Korea: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 15. South Korea: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 16. South Korea: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 17. Rest of APAC: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 18. Rest of APAC: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 19. Rest of APAC: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 20. List of Abbreviation

List Of Figures

  • Figure 1. APAC Horticulture Lighting Market Segmentation
  • Figure 2. APAC Horticulture Lighting Market Segmentation - By Country
  • Figure 3. APAC Horticulture Lighting Market Overview
  • Figure 4. LED Lights Segment Held the Largest Market Share Based on Technology
  • Figure 5. Greenhouses Segment Held the Largest Market Share Based on Application
  • Figure 6. Fruits and Vegetables Segment Held the Largest Market Share Based on Cultivation
  • Figure 7. India is the Fastest Growing Country During Forecast Period
  • Figure 8. APAC: PEST Analysis
  • Figure 9. Expert Opinion
  • Figure 10. APAC Horticulture Lighting Market: Impact Analysis of Drivers and Restraints
  • Figure 11. APAC Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. APAC Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)
  • Figure 13. APAC LED Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. APAC High Intensity Discharge Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. APAC Fluorescent Lamps: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. APAC Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)
  • Figure 17. APAC Greenhouses: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. APAC Vertical Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 19. APAC Indoor Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 20. APAC Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)
  • Figure 21. APAC Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)
  • Figure 22. APAC Floriculture Market Revenue and Forecast to 2027(US$ Million)
  • Figure 23. APAC: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)
  • Figure 24. Australia: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 25. China: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 26. India: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 27. Japan: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 28. South Korea: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 29. Rest of APAC: Horticulture Lighting Market - Revenue and Forecast To 2027 (US$ Million)
  • Figure 30. Impact of COVID-19 Pandemic on APAC Markets