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967056

Europe Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology, Application, and Cultivation

Published: | The Insight Partners | 83 Pages | Delivery time: 1-2 business days

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Europe Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology, Application, and Cultivation
Published: September 15, 2020
The Insight Partners
Content info: 83 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The horticulture lighting market in Europe is expected to grow from US$ 991.1 million in 2019 to US$ 3,767.9 million by 2027; it is estimated to grow at a CAGR of 18.8% from 2020 to 2027.

Surge in government initiatives is expected to boost the growth of the horticulture lighting market in Europe. Growing awareness about sustainable farming and increasing government initiatives in various developed as well as developing countries in Europe to support sustainability are expected to boost the adoption rate of horticultural lighting systems during the forecast period. For example, horticulturalists in the Netherlands, the second-largest exporter of agricultural products, are experimenting with the use of multi-colored LEDs for potential yield enhancement, product quality and taste improvement, as well as cost reduction of greenhouse energy. Moreover, the government of the Netherlands is focusing on the deployment of a geothermal heat plant, which involves drilling at great depths through stratum and installing heat exchangers. Through various incentives such as soft loans and tax breaks, the government has supported the growers. Furthermore, the legalization of cannabis for medicinal purposes by various governments in Europe over the past few years is accelerating the growth of the market. Europe is the most advanced region regarding cannabis legalization for medicinal purposes. Countries, such as the Netherlands, Germany, Italy, Romania, Norway, Poland, and Greece, have fully legalized medical cannabis access. Such initiatives taken by governments is one of the primary driving factor for the Europe horticulture lighting market. Moreover, rising population and advancements in greenhouse and indoor farming approaches are expected to positively influence the demand for horticulture lighting in Europe.

Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region due to COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they had to suspend their operations or substantially reduce their activities. In the region, imports of produce from countries, such as China, India, and South Africa, have slowed owing to this pandemic. However, Spain has increased its imports from Morocco since the start of the pandemic to guarantee the supply of fresh vegetables and fruits in Europe. Further, owing to lockdown across the region, there has been a halt in business operation. Various businesses in the countries of Europe either had to suspend their operations or reduce their activities in a substantial manner which resulted in supply and demand disruptions and thus affected the sales of companies operating in the region. All these factors are expected to have a direct impact on horticulture lighting market growth in European countries.

In terms of application, the greenhouses segment led the Europe horticulture lighting market in 2019. Horticulture are generally practiced in protected environment in case of greenhouses, that ensure optimum yield. Facilities like protected environment helps to trap and retain natural sunlight and humidity, which makes it suitable for growing variety of plants. In greenhouses and controlled environments, electric lamps are used to supplement sunlight and extend lighting times to produce horticultural crops, such as vegetables, flowers, and herbs. Plants can either be grown via a conventional method that uses soil as a base or through the hydroponic technique. Plants grown in greenhouses are protected against external factors such as dirt, and they can also be shielded from insects and pests with proper care. Moreover, the plants are protected in such settings from rain, hail, intense heat and sunlight, and snow. Several advantages of Greenhouses above other application ultimately drive the Europe horticulture lighting market.

The overall Europe 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 Europe 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 Europe horticulture lighting market. Key players operating in the Europe horticulture lighting market include Agrolux; General Electric Company; Heliospectra AB; Hortilux Schreder B.V; 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 Europe 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 Europe 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 Europe 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: TIPRE00014165

Table Of Contents

1. Introduction

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

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Europe Horticulture Lighting Market Landscape

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

5. Europe Horticulture Lighting Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Surge in Government Initiatives
    • 5.1.2 Rising Population and Advancements in Greenhouse and Indoor Farming Approaches
  • 5.2 Market Restraints
    • 5.2.1 Insufficient Awareness and High Costs Involved
  • 5.3 Market Opportunities
    • 5.3.1 Increase in Importance of Vertical Farming
  • 5.4 Future Trends
    • 5.4.1 LED Lighting to Open New Growth Prospect
  • 5.5 Impact Analysis of Drivers and Restraints

6. Horticulture Lighting Market - Europe Analysis

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

7. Europe Horticulture Lighting Market Analysis - By Technology

  • 7.1 Overview
  • 7.2 Europe 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. Europe Horticulture Lighting Market Analysis - By Application

  • 8.1 Overview
  • 8.2 Europe 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. Europe Horticulture Lighting Market Analysis - By Cultivation

  • 9.1 Overview
  • 9.2 Europe 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. Europe Horticulture Lighting Market - Country Analysis

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

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

  • 11.1 Europe: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

  • 12.1 Market Initiative
  • 12.2 Merger and Acquisition
  • 12.3 New Development

13. Company Profiles

  • 13.1 Agrolux
    • 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 Signify N.V.
    • 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 Heliospectra AB
    • 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 Lumileds Holding B.V.
    • 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 Hortilux Schreder B.V.
    • 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 OSRAM Licht AG
    • 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
  • 13.7 General Electric Company
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 Hubbell, Inc.
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Word Index

List Of Tables

  • Table 1. Europe Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Germany: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Germany: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 4. Germany: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 5. France: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 6. France: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 7. France: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Italy: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 9. Italy: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 10. Italy: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 11. UK: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 12. UK: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 13. UK: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 14. Russia: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 15. Russia: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 16. Russia: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 17. Rest of Europe: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 18. Rest of Europe: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 19. Rest of Europe: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 20. List of Abbreviation

List Of Figures

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