Horticulture Lighting Market

Horticulture Lighting - Global Market Outlook (2017-2026)

4.3 (36 reviews)
Published: January 2019 ID: SMRC17931
4.3 (36 reviews)
Published: January 2019 ID: SMRC17931

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Horticulture Lighting Market is accounted for $2.08 billion in 2017 and is expected to reach $9.50 billion by 2026 growing at a CAGR of 18.4% during the forecast period. Increasing awareness about vertical & indoor farming, fast population growth and stable supply of crops despite adverse weather conditions are some factors impacting the market growth. However, factors such as possibility of cultivating limited number of crop species and lack of awareness are hindering the market growth.

Horticulture lighting market is a comparatively new concept. It is used to support, increase and enable the growth of plants by illuminating them with artificial light. LED Light is a very efficient way and upcoming solution for this application.  Horticulture lighting, by tuning the light according to the essential need and by utilizing the exclusive properties of LED lighting, assists in boosting yields and maintaining plant health. In addition, it is to supplement natural daylight and raise grow light levels in order to enhance photosynthesis and thereby improve growth and quality of plants in greenhouses.

By Technology, light-emitting diode (LED) segment accounted for significant market share due to energy efficiency and added benefits such as compact size, long operational life of 30,000 to 50,000 hours and low heat. Based on geography, North America is expected to dominate the market during the estimated period owing to high awareness and demand for horticulture lighting systems, in the region.

Some of the key players in Horticulture Lighting market include Gavita Holland B.V., GE Lighting, Heliospectra, PARsource, Fluence Bioengineering, Hortilux Schreder B.V, Lumileds, Illumitex, Hubbell, AXP Technology, LumiGrow and OSRAM and 

Lighting Types Covered:
• Interlighting
• Toplighting

Offerings Covered:
• Software and Services
• Hardware

Cultivations Covered:
• Floriculture
• Specialty
• Cannabis
• Propagation
• Fruits and Vegetables
• Other Cultivations

Deployments Covered:
• Retrofit Solutions
• Turnkey Solutions

Technologies Covered:
• High-Intensity Discharge (Hid)
• Fluorescent
• Other Technologies

Applications Covered:
• Indoor Farming
• Vertical Farming
• Greenhouses
• Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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