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967084

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

Published: | The Insight Partners | 68 Pages | Delivery time: 1-2 business days

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South America 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: 68 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Title:
South America Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Regional 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 SAM is expected to grow from US$ 161.6 million in 2019 to US$ 580.6 million by 2027; it is estimated to grow at a CAGR of 18.0% from 2020 to 2027.

Improvements in greenhouse and indoor farming techniques along with rising population are expected to boost the growth of the horticulture lighting market in South America. According to the latest UN estimates, the population of South America would rise at a fast pace by 2030. Due to the population boom witnessed in Brazil and Argentina, the demand for food products is anticipated to increase in the next few years. This is why several countries are focusing on greenhouse and indoor farming techniques to increase their agricultural yield significantly. Use of artificial lights for farming purposes is quite low, particularly in countries, such as Brazil and Argentina. Still, with the growing popularity of horticulture and indoor crop cultivation, the horticulture lighting market is expected to pace up quickly in the near future as the farmers are adopting big data technologies, predictive analytics, Internet of things, and automation in the farming techniques. Such developments and research initiatives taken in the horticulture field are driving the growth of the SAM horticulture lighting market. Moreover, rise in government initiatives to create awareness about sustainable cropland in order to support sustainability is among the other factors expected to positively influence the demand for horticulture lighting in SAM.

Based on technology, the LED lights segment led the SAM horticulture lighting market in 2019. LED lights are made from a very thin layer of doped semiconductor material. An LED emits colored light at a particular spectral wavelength, depending on the semiconductor material used and the amount of doping. Though the cost of LED light bulbs is higher than the other horticulture lighting technologies, such as fluorescent lamps and HID lights but the major advantage it provides is its ability to separate waste heat from the illumination source, which allows the placement of LEDs near plant canopies without the risk of plants overheating. While working in indoor farms, the personnel need to use eye protection, since LEDs can be harmful to human eyes. Long lasting capability and low power consumption of LED lights is the main reason for their success in market, which ultimately drives the SAM horticulture lighting market. Furthermore, the ongoing COVID-19 pandemic has severely impacted the SAM region. Brazil has the highest number of COVID-19 confirmed cases, followed by other countries, such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19's spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region's economic growth as the region would face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners, such as China, Europe, and North America. At present, the total number of cases in Brazil accounted for 3,627,217 out of which 115,451 total deaths are recorded. The sharp decline in the sales of various horticulture lighting products in the region due to lockdown measures is expected to directly impact the growth of the horticulture lighting market in this region. The sharp decline in business activities and product sales is expected to directly affect the growth rate of the horticulture lighting market in SAM region for the next three to four quarters.

The overall SAM 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 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 SAM horticulture lighting market. General Electric Company; Hubbell, Inc.; Lumileds Holding B.V.; OSRAM Licht AG; Signify N.V. are among a few players operating in the SAM horticulture lighting market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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: TIPRE00014176

Table Of Contents

1. Introduction

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

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. SAM Horticulture Lighting Market Landscape

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

5. SAM Horticulture Lighting Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Government Initiatives on Rise
    • 5.1.2 Improvements in Greenhouse and Indoor Farming Techniques Along With Rising Population
  • 5.2 Market Restraints
    • 5.2.1 Association of High Costs and Low Awareness
  • 5.3 Market Opportunities
    • 5.3.1 Vertical Farming Getting Attention
  • 5.4 Future Trends
    • 5.4.1 More Growth Opportunities to Come up due to LED Lighting
  • 5.5 Impact Analysis of Drivers and Restraints

6. Horticulture Lighting Market - SAM Analysis

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

7. SAM Horticulture Lighting Market Analysis - By Technology

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

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

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

  • 10.1 Overview
    • 10.1.1 SAM: Horticulture Lighting Market, by Key Country
      • 10.1.1.1 Brazil: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.1.1 Brazil: Horticulture Lighting Market, by Technology
        • 10.1.1.1.2 Brazil: Horticulture Lighting Market, by Application
        • 10.1.1.1.3 Brazil: Horticulture Lighting Market, by Cultivation
      • 10.1.1.2 Argentina: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.2.1 Argentina: Horticulture Lighting Market, by Technology
        • 10.1.1.2.2 Argentina: Horticulture Lighting Market, by Application
        • 10.1.1.2.3 Argentina: Horticulture Lighting Market, by Cultivation
      • 10.1.1.3 Rest of SAM: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.3.1 Rest of SAM: Horticulture Lighting Market, by Technology
        • 10.1.1.3.2 Rest of SAM: Horticulture Lighting Market, by Application
        • 10.1.1.3.3 Rest of SAM: Horticulture Lighting Market, by Cultivation

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

  • 11.1 SAM

12. Industry Landscape

  • 12.1 Market Initiative
  • 12.2 Merger and Acquisition
  • 12.3 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 Lumileds Holding B.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 OSRAM Licht AG
    • 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 General Electric Company
    • 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 Hubbell, Inc.
    • 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

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Word Index

List Of Tables

  • Table 1. SAM Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Brazil: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Brazil: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 4. Brazil: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 5. Argentina: Horticulture Lighting Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
  • Table 6. Argentina: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 7. Argentina: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Rest of SAM: Horticulture Lighting Market, by Technology-Revenue and Forecast to 2027 (US$ Million)
  • Table 9. Rest of SAM: Horticulture Lighting Market, by Application -Revenue and Forecast to 2027 (US$ Million)
  • Table 10. Rest of SAM: Horticulture Lighting Market, by Cultivation -Revenue and Forecast to 2027 (US$ Million)
  • Table 11. List of Abbreviation

List Of Figures

  • Figure 1. SAM Horticulture Lighting Market Segmentation
  • Figure 2. SAM Horticulture Lighting Market Segmentation - By Country
  • Figure 3. SAM 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. Brazil to Show Great Traction During Forecast Period
  • Figure 8. SAM: PEST Analysis
  • Figure 9. Expert Opinion
  • Figure 10. SAM Horticulture Lighting Market: Impact Analysis of Drivers and Restraints
  • Figure 11. SAM Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. SAM Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)
  • Figure 13. SAM LED Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. SAM High Intensity Discharge Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. SAM Fluorescent Lamps: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. SAM Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)
  • Figure 17. SAM Greenhouses: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. SAM Vertical Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 19. SAM Indoor Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 20. SAM Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)
  • Figure 21. SAM Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)
  • Figure 22. SAM Floriculture Market Revenue and Forecast to 2027(US$ Million)
  • Figure 23. SAM: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)
  • Figure 24. Brazil: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Argentina: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 26. Rest of SAM: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 27. Impact of COVID-19 Pandemic in SAM Country Markets