Horticulture Lighting Market
PUBLISHED: 2022 ID: SMRC22186
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Horticulture Lighting Market

Horticulture Lighting Market Forecasts to 2028 - Global Analysis By Product (Floriculture, Fruits, Vegetables and Other Products), Application (Greenhouses, Indoor Farming and Other Applications), Outlook, Technology, Offering and By Geography

4.6 (98 reviews)
4.6 (98 reviews)
Published: 2022 ID: SMRC22186

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

2020-2028

Estimated Year Value (2022)

US $3.2 MN

Projected Year Value (2028)

US $12.38 MN

CAGR (2022 - 2028)

25.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Horticulture Lighting Market is accounted for $3.2 billion in 2022 and is expected to reach $12.38 billion by 2028 growing at a CAGR of 25.3% during the forecast period. Horticulture lighting is used in the indoor farming applications as it acts as supplement light for crops instead of natural daylight. It supports and enhances the plants growth by illuminating them with artificial light. It allows the cultivation of the plants without any need of daylight through providing them artificial lights for the photosynthesis process in plants. The LED lights are the more advanced technology which is used in the horticulture industry.

According to the Energy Saving Trust, the horticulture lighting contributes to almost 20% of total energy use of the worldwide due to the increase in urban farming as well as technological advancements in farming machinery.



Market Dynamics:

Driver:

Awareness regarding sustainability

The rise in initiatives taken by researchers, organizations and governments for enhancing horticulture with the effective and efficient lighting accelerate the market growth. The increase in the use of horticulture lighting in various applications such as supplemental lighting, urban farming, cultivation without daylight and multilayer cultivation is one of the major factors driving the growth of horticulture lighting market.

Restraint:

Environmental problems

The exclusive ecological conditions of vertical farms pose a number of consistency challenges for manufacturers. Complexities with consumption of controlled environment agriculture technology in large fields and lack of standard testing practices for accessing product quality of horticulture lights are projected to challenge the horticulture lighting market in the forecast period.

Opportunity:

Expansion of Floriculture

Increase in the cultivation of flowers raised the demand for horticulture lighting. It set ups efficient operations and these lights meet proper safety and performance requirements as they perform under the specific environmental conditions. High usage of flowers during festivals, events, parties, weddings and funerals anticipated to propel the market growth.

Threat:

High installation costs

High setup and installation costs associated with the LED horticulture lights and complex requirement for varied light spectra for different crops and material surface cost of energy-efficient LED light innovations are expected to obstruct the market growth. Lighting for small selection of crop species is also challenging the market growth.

Covid-19 Impact

Corona virus epidemic has relatively slighter impact on the industry due to oversupply in the past few years. But it is not likely to see many changes in the ecosystem and supply chain structure of the LED industry. COVID-19 pandemic has drive more application opportunities for the LED industry including germicidal UVC LEDs, social distance controlling infrared sensors, and horticulture lighting to back food supply.

The LED lights segment is expected to be the largest during the forecast period

The LED lights segment is estimated to have a lucrative growth, due to its cost efficiency and high light emission. It shows immense possibility as horticultural lighting fixtures because of low energy consumption, cool operation and the capability to customize the spectral output to emit the specific wavelengths usable by plants and also ensures high reliability which is propelling the market growth.

The vertical farming segment is expected to have the highest CAGR during the forecast period

The vertical farming segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the booming population, arable land is reducing, which is pushing farmers to make the maximum use of whatever space they have. It involves the growing of crops indoors, in layers stacked atop each other, with artificial light. It reduces the consumption of water and uses limited space and soil.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period owing to the rising population which is increasing awareness of benefits and rising demand for food. Government of this region is also promoting plant factory and providing subsidies to spur the local demands which are creating more opportunities for the providers of LED lights for the horticulture sector and widening the market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing the rising requirement for agricultural products in this region. It is witnessing a robust increase in the population and disposable income, which is why the agrarian community is swiftly turning to indoor and greenhouse farming.



Key players in the market

Some of the key players profiled in the Horticulture Lighting Market include OSRAM GmbH, LumiGrow Inc , Gavita International BV, Royal Philips Electronics BV, Epistar Corp, Illumitex Inc, Grow LED Hydro, Samsung Electronics Co. Ltd, Heliospectra AB, LEDiL Oy, Hubbell Inc, Everlight Electronics Co. Ltd, Lumileds Holding BV, Signify Holding (Koninklijke Philips NV), Cree Inc, Broadcom Inc, General Electric Company, Hortilux Schréder B.V, California Lightworks, Valoya

Key Developments:

In February 2022, California Networks launched its new Mega Drive Vertical series patented LED system for indoor farming. This technology lowers the total installation cost while boosting return on investments by reducing heat, energy consumption and their carbon footprint.

In December 2021, Signify and Osram ventured into a joint project for the horticulture lighting market. This acquisition will strengthen Signify’s growth platform and extend position in the attractive North American horticulture lighting market.

Products Covered:
• Floriculture
• Fruits
• Vegetables
• Other Products

Outlooks Covered:
• Infrared
• Red
• Blue
• Red + White
• Other Outlooks

Offerings Covered:
• Software
• Hardware
• Other Offerings

Technologies Covered:
• LED
• High Intensity Discharge
• Fluorscent Lighting
• Other Technologies

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

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
4 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Horticulture Lighting Market, By Product
5.1 Introduction
5.2 Floriculture
5.3 Fruits
5.4 Vegetables
5.5 Other Products

6 Global Horticulture Lighting Market, By Outlook
6.1 Introduction
6.2 Infrared
6.3 Red
6.4 Blue
6.5 Red + White
6.6 Other Outlooks

7 Global Horticulture Lighting Market, By Offering
7.1 Introduction
7.2 Software
7.3 Hardware
7.4 Other Offerings

8 Global Horticulture Lighting Market, By Technology
8.1 Introduction
8.2 LED
8.3 High Intensity Discharge
8.4 Fluorscent Lighting
8.5 Other Technologies

9 Global Horticulture Lighting Market, By Application
9.1 Introduction
9.2 Greenhouses
9.3 Indoor Farming
9.4 Vertical Farming
9.5 City Farming
9.6 Other Applications

10 Global Horticulture Lighting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 OSRAM GmbH
12.2 LumiGrow Inc
12.3 Gavita International BV
12.4 Royal Philips Electronics BV
12.5 Epistar Corp
12.6 Illumitex Inc
12.7 Grow LED Hydro
12.8 Samsung Electronics Co. Ltd
12.9 Heliospectra AB
12.10 LEDiL Oy
12.11 Hubbell Inc
12.12 Everlight Electronics Co. Ltd
12.13 Lumileds Holding BV
12.14 Signify Holding (Koninklijke Philips NV)
12.15 Cree Inc
12.16 Broadcom Inc
12.17 General Electric Company
12.18 Hortilux Schréder B.V
12.19 California Lightworks
12.20 Valoya

List of Tables
1 Global Horticulture Lighting Market Outlook, By Region (2020-2028) ($MN)
2 Global Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
3 Global Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
4 Global Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
5 Global Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
6 Global Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
7 Global Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
8 Global Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
9 Global Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
10 Global Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
11 Global Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
12 Global Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
13 Global Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
14 Global Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
15 Global Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
16 Global Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
17 Global Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
18 Global Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
19 Global Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
20 Global Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
21 Global Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
22 Global Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
23 Global Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
24 Global Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
25 Global Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
26 Global Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
27 Global Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
28 North America Horticulture Lighting Market Outlook, By Country (2020-2028) ($MN)
29 North America Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
30 North America Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
31 North America Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
32 North America Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
33 North America Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
34 North America Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
35 North America Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
36 North America Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
37 North America Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
38 North America Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
39 North America Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
40 North America Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
41 North America Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
42 North America Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
43 North America Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
44 North America Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
45 North America Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
46 North America Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
47 North America Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
48 North America Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
49 North America Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
50 North America Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
51 North America Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
52 North America Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
53 North America Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
54 North America Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
55 Europe Horticulture Lighting Market Outlook, By Country (2020-2028) ($MN)
56 Europe Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
57 Europe Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
58 Europe Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
59 Europe Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
60 Europe Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
61 Europe Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
62 Europe Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
63 Europe Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
64 Europe Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
65 Europe Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
66 Europe Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
67 Europe Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
68 Europe Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
69 Europe Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
70 Europe Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
71 Europe Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
72 Europe Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
73 Europe Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
74 Europe Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
75 Europe Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
76 Europe Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
77 Europe Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
78 Europe Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
79 Europe Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
80 Europe Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
81 Europe Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
82 Asia Pacific Horticulture Lighting Market Outlook, By Country (2020-2028) ($MN)
83 Asia Pacific Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
84 Asia Pacific Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
85 Asia Pacific Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
86 Asia Pacific Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
87 Asia Pacific Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
88 Asia Pacific Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
89 Asia Pacific Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
90 Asia Pacific Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
91 Asia Pacific Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
92 Asia Pacific Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
93 Asia Pacific Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
94 Asia Pacific Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
95 Asia Pacific Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
96 Asia Pacific Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
97 Asia Pacific Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
98 Asia Pacific Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
99 Asia Pacific Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
100 Asia Pacific Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
101 Asia Pacific Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
102 Asia Pacific Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
103 Asia Pacific Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
104 Asia Pacific Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
105 Asia Pacific Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
106 Asia Pacific Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
107 Asia Pacific Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
108 Asia Pacific Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
109 South America Horticulture Lighting Market Outlook, By Country (2020-2028) ($MN)
110 South America Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
111 South America Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
112 South America Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
113 South America Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
114 South America Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
115 South America Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
116 South America Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
117 South America Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
118 South America Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
119 South America Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
120 South America Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
121 South America Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
122 South America Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
123 South America Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
124 South America Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
125 South America Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
126 South America Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
127 South America Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
128 South America Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
129 South America Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
130 South America Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
131 South America Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
132 South America Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
133 South America Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
134 South America Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
135 South America Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
136 Middle East & Africa Horticulture Lighting Market Outlook, By Country (2020-2028) ($MN)
137 Middle East & Africa Horticulture Lighting Market Outlook, By Product (2020-2028) ($MN)
138 Middle East & Africa Horticulture Lighting Market Outlook, By Floriculture (2020-2028) ($MN)
139 Middle East & Africa Horticulture Lighting Market Outlook, By Fruits (2020-2028) ($MN)
140 Middle East & Africa Horticulture Lighting Market Outlook, By Vegetables (2020-2028) ($MN)
141 Middle East & Africa Horticulture Lighting Market Outlook, By Other Products (2020-2028) ($MN)
142 Middle East & Africa Horticulture Lighting Market Outlook, By Outlook (2020-2028) ($MN)
143 Middle East & Africa Horticulture Lighting Market Outlook, By Infrared (2020-2028) ($MN)
144 Middle East & Africa Horticulture Lighting Market Outlook, By Red (2020-2028) ($MN)
145 Middle East & Africa Horticulture Lighting Market Outlook, By Blue (2020-2028) ($MN)
146 Middle East & Africa Horticulture Lighting Market Outlook, By Red + White (2020-2028) ($MN)
147 Middle East & Africa Horticulture Lighting Market Outlook, By Other Outlooks (2020-2028) ($MN)
148 Middle East & Africa Horticulture Lighting Market Outlook, By Offering (2020-2028) ($MN)
149 Middle East & Africa Horticulture Lighting Market Outlook, By Software (2020-2028) ($MN)
150 Middle East & Africa Horticulture Lighting Market Outlook, By Hardware (2020-2028) ($MN)
151 Middle East & Africa Horticulture Lighting Market Outlook, By Other Offerings (2020-2028) ($MN)
152 Middle East & Africa Horticulture Lighting Market Outlook, By Technology (2020-2028) ($MN)
153 Middle East & Africa Horticulture Lighting Market Outlook, By LED (2020-2028) ($MN)
154 Middle East & Africa Horticulture Lighting Market Outlook, By High Intensity Discharge (2020-2028) ($MN)
155 Middle East & Africa Horticulture Lighting Market Outlook, By Fluorscent Lighting (2020-2028) ($MN)
156 Middle East & Africa Horticulture Lighting Market Outlook, By Other Technologies (2020-2028) ($MN)
157 Middle East & Africa Horticulture Lighting Market Outlook, By Application (2020-2028) ($MN)
158 Middle East & Africa Horticulture Lighting Market Outlook, By Greenhouses (2020-2028) ($MN)
159 Middle East & Africa Horticulture Lighting Market Outlook, By Indoor Farming (2020-2028) ($MN)
160 Middle East & Africa Horticulture Lighting Market Outlook, By Vertical Farming (2020-2028) ($MN)
161 Middle East & Africa Horticulture Lighting Market Outlook, By City Farming (2020-2028) ($MN)
162 Middle East & Africa Horticulture Lighting Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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Assured Quality

Assured Quality

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24X7 Research Support

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Free Customization

Free Customization

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Safe & Secure Access

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Trusted by 600+ Brands

Trusted by 600+ Brands

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