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Global Horticulture Lighting Market Size study & Forecast, by Type (Top lighting and Interlighting), by Technology (Fluorescent, High-Pressure Sodium, Metal Halide, LED, and Others) by Application (Indoor Farming, Greenhouse, Vertical Farming, and Others), and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: GC182D45C061EN
Bizwit Research & Consulting LLP

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Global Horticulture Lighting Market is valued approximately USD 6.19 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.1% over the forecast period 2023-2030. Horticulture Lighting is the use of artificial light sources, such as LEDs, to provide specific wavelengths and intensities of light for promoting plant growth, development, and productivity in controlled environments like greenhouses or indoor farms. It allows growers to optimize plant photosynthesis and manipulate various physiological processes for better crop quality and yield.
The Horticulture Lighting market is set to experience substantial growth driven by the rising demand for advanced lighting technologies. These lights are increasingly being utilized for the cultivation of fruits, vegetables, and flowers, thereby fueling market expansion. Furthermore, the growing adoption of Horticulture Lighting systems in vertical farming applications is prompting manufacturers to establish efficient operations, contributing to the overall market growth.

Moreover, the vertical farming is a farming technique that involves growing crops in vertically stacked layers or structures, typically indoors or in controlled environments. This approach utilizes artificial lighting, such as horticulture lighting, to provide the necessary light spectrum and intensity for plant growth. The growing popularity of vertical farming is indeed supporting the growth of the horticulture lighting market. According to Statista, in 2022, the global vertical farming was valued USD 5.6 billion and it is anticipated to reach USD 23.7 billion by 2030. As a result, the growing vertical farming is anticipated to create the lucrative demand for the market. Additionally, incorporation of advanced technologies in horticulture and increase in awareness regarding vertical and indoor farming is anticipated to provide lucrative opportunities for the growth of the Horticulture Lighting market. However, the high cost of Horticulture Lighting stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Horticulture Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising initial adoption of advanced process analytics technology throughout enterprises. Key businesses in nations such as the United States and Canada are providing solutions for rapid and effective operations based on fundamental technologies such as the cloud. North America is expected to grow significantly during the forecast period, owing to growing demand for analytic solutions and services in the healthcare and manufacturing industries. Furthermore, due to the presence of major companies in countries such as Germany, the United Kingdom, France, and others, the area is one of the leading contributors of process analytics revenue.

Major market player included in this report are:
Maxigrow Ltd.
Eye Hortilux
Lumileds Holding B.V
Hortilux Schreder B.V
Heliospectra AB (publ)
Agrolux B.V.
Hubbell Incorporated
Illumitex, Inc
GE Lighting
Gavita Holland B.V
Recent Developments in the Market:
In March 2022, Acuity Brands unveiled Verjure, a professional-grade horticulture LED lighting solution tailored for indoor horticulture applications. The Verjure Pro Series LED luminaires, developed based on plant-focused research, offer consistent and productive performance throughout all plant growth stages, from vegetative to flowering. The series comes in three sizes and outputs, providing versatility for various growing environments such as indoor warehouses, greenhouses, and vertical racks. With an IP66 rating for waterproofing and robust 6kV surge protection, the Verjure Pro Series LED luminaires ensure durability and reliability.

Global Horticulture Lighting Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, Technology, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:


By Type:
Top lighting
Interlighting
By Technology:
Fluorescent
High-Pressure Sodium
Metal Halide
LED
Others
By Application:
Indoor Farming
Greenhouse
Vertical Farming
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Horticulture Lighting Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Horticulture Lighting Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Horticulture Lighting Market, by Technology, 2020-2030 (USD Billion)
  1.2.4. Horticulture Lighting Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL HORTICULTURE LIGHTING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL HORTICULTURE LIGHTING MARKET DYNAMICS

3.1. Horticulture Lighting Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing LED market
    3.1.1.2. Growing advanced lighting technologies
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Horticulture lighting
    3.1.2.2. Lack of awareness
  3.1.3. Market Opportunities
    3.1.3.1. Advancements in Technology
    3.1.3.2. Awareness regarding vertical and indoor farming

CHAPTER 4. GLOBAL HORTICULTURE LIGHTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Horticulture Lighting Market by Type, Performance - Potential Analysis
5.3. Global Horticulture Lighting Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Horticulture Lighting Market, Sub Segment Analysis
  5.4.1. Top lighting
  5.4.2. Interlighting

CHAPTER 6. GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY

6.1. Market Snapshot
6.2. Global Horticulture Lighting Market by Technology, Performance - Potential Analysis
6.3. Global Horticulture Lighting Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Horticulture Lighting Market, Sub Segment Analysis
  6.4.1. Fluorescent
  6.4.2. High-Pressure Sodium
  6.4.3. Metal Halide
  6.4.4. LED
  6.4.5. Others

CHAPTER 7. GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Horticulture Lighting Market by Application, Performance - Potential Analysis
7.3. Global Horticulture Lighting Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Horticulture Lighting Market, Sub Segment Analysis
  7.4.1. Indoor Farming
  7.4.2. Greenhouse
  7.4.3. Vertical Farming
  7.4.4. Others

CHAPTER 8. GLOBAL HORTICULTURE LIGHTING MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Horticulture Lighting Market, Regional Market Snapshot
8.4. North America Horticulture Lighting Market
  8.4.1. U.S. Horticulture Lighting Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Horticulture Lighting Market
8.5. Europe Horticulture Lighting Market Snapshot
  8.5.1. U.K. Horticulture Lighting Market
  8.5.2. Germany Horticulture Lighting Market
  8.5.3. France Horticulture Lighting Market
  8.5.4. Spain Horticulture Lighting Market
  8.5.5. Italy Horticulture Lighting Market
  8.5.6. Rest of Europe Horticulture Lighting Market
8.6. Asia-Pacific Horticulture Lighting Market Snapshot
  8.6.1. China Horticulture Lighting Market
  8.6.2. India Horticulture Lighting Market
  8.6.3. Japan Horticulture Lighting Market
  8.6.4. Australia Horticulture Lighting Market
  8.6.5. South Korea Horticulture Lighting Market
  8.6.6. Rest of Asia Pacific Horticulture Lighting Market
8.7. Latin America Horticulture Lighting Market Snapshot
  8.7.1. Brazil Horticulture Lighting Market
  8.7.2. Mexico Horticulture Lighting Market
8.8. Middle East & Africa Horticulture Lighting Market
  8.8.1. Saudi Arabia Horticulture Lighting Market
  8.8.2. South Africa Horticulture Lighting Market
  8.8.3. Rest of Middle East & Africa Horticulture Lighting Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Maxigrow Ltd.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Eye Hortilux
  9.3.3. Lumileds Holding B.V
  9.3.4. Hortilux Schreder B.V
  9.3.5. Heliospectra AB (publ)
  9.3.6. Agrolux B.V.
  9.3.7. Hubbell Incorporated
  9.3.8. Illumitex Inc
  9.3.9. GE Lighting
  9.3.10. Gavita Holland B.V

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Horticulture Lighting Market, report scope
TABLE 2. Global Horticulture Lighting Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Horticulture Lighting Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Horticulture Lighting Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 5. Global Horticulture Lighting Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Horticulture Lighting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Horticulture Lighting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Horticulture Lighting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Horticulture Lighting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Horticulture Lighting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Horticulture Lighting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Horticulture Lighting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Horticulture Lighting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Horticulture Lighting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Horticulture Lighting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Horticulture Lighting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Horticulture Lighting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Horticulture Lighting Market
TABLE 71. List of primary sources, used in the study of global Horticulture Lighting Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Horticulture Lighting Market, research methodology
FIG 2. Global Horticulture Lighting Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Horticulture Lighting Market, key trends 2022
FIG 5. Global Horticulture Lighting Market, growth prospects 2023-2030
FIG 6. Global Horticulture Lighting Market, porters 5 force model
FIG 7. Global Horticulture Lighting Market, pest analysis
FIG 8. Global Horticulture Lighting Market, value chain analysis
FIG 9. Global Horticulture Lighting Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Horticulture Lighting Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Horticulture Lighting Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Horticulture Lighting Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Horticulture Lighting Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Horticulture Lighting Market, regional snapshot 2020 & 2030
FIG 15. North America Horticulture Lighting Market 2020 & 2030 (USD Billion)
FIG 16. Europe Horticulture Lighting Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Horticulture Lighting Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Horticulture Lighting Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Horticulture Lighting Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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