What is Horticulture Lighting Market Scope?
Horticulture lighting refers to the lighting used in horticulture or garden cultivation. Horticulture lighting promotes plant growth by tailoring the light to the needs of the plant and utilizing the properties of LED lighting to increase yields throughout the year. It functions properly under the specified environmental conditions and meets the necessary safety and performance requirements. It is used in a variety of applications, including urban farming, supplemental lighting, multilayer cultivation, and cultivation in the absence of daylight. Following initiatives have been taken by researchers, governments, and organizations worldwide to improve horticulture with effective and efficient lighting as a result of increased awareness about sustainability. Owing to increase in demand of horticulture lighting in vertical farming and urban farming, horticulture lighting market is expected to grow at a significant rate during the forecast period.
Influencing Trend:
Increased funding to build vertical farms and greenhouses, along with legalization of cannabis cultivation
Market Growth Drivers:
Increasing Awareness about Benefits of Horticulture Lighting, Increasing Demand of Lighting Indoor Agriculture and Rise in Demand of Horticulture Lighting In Vertical Farming
Challenges:
Lack of Knowledge about Light Position and Placements
Restraints:
High Purchasing and Maintenance Cost and Horticulture Lighting Leads to Light Pollution
Opportunities:
Increasing Technical Advancement in Horticulture Lighting
The Horticulture Lighting market study is being classified by Type (Toplighting and Interlighting), by Application and major geographies with country level break-up.
Horticulture lighting market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (United States), Helliospectra AB (Sweden), LumiGrow Inc. (United States), Hortilux Schréder (Netherlands), Eye Hortilux (United States) and ILUMINAR Lighting (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GE Lighting, A Savant Company (United States) and Hubbell (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Horticulture Lighting market by Type, Application and Region.
On the basis of geography, the market of Horticulture Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In May 2022, signify acquired Fluence from ams OSRAM. Fluence is energy-efficient LED lighting system solutions for horticulture industry and pioneer in creating white lights that mimics the spectrum of sunlight. This acquisition strengthens Signify global agriculture lighting growth platform and expand its position in North America region of horticulture lighting market
In June 2022, ams OSRAM Gmbh launched OSLON Optimal family of LED, related to company’s latest 1mm chip for horticulture lighting. This LED have high efficiency, reliable performance, value and comes with two variant Hyper Red (660nm) and Far Red (730nm). This launch help company to expand its presence in horticulture lighting market
Key Target Audience
Horticulture Lighting Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others
Horticulture Lighting Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Horticulture Lighting Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Horticulture Lighting industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.