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Floriculture Lighting Trends and Forecast
The future of the global floriculture lighting market looks promising with opportunities in the greenhouse, vertical farming, and indoor farming applications. The global floriculture lighting market is expected to reach an estimated $xx billion by 2030 with a CAGR of 24.5% from 2024 to 2030. The major drivers for this market are high consumption light-emitting diode technology in floriculture sector, growing popularity for greenhouse concept, and significant use of this lighting technology in vertical farming.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Floriculture Lighting by Segment
The study includes a forecast for the global floriculture lighting by lighting type, offering, technology, application, and region.
Floriculture Lighting Market by Lighting Type [Shipment Analysis by Value from 2018 to 2030]:
• Toplighting
• Interlighting
Floriculture Lighting Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Floriculture Lighting Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Fluorescent
• High-Intensity Discharge
• Light-Emitting Diode
• Others
Floriculture Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Greenhouses
• Vertical Farming
• Indoor Farming
• Others
Floriculture Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Floriculture Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies floriculture lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the floriculture lighting companies profiled in this report include-
• Heliospectra
• SAMSUNG
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting
• Hortisystems
• Progrowtech
• Ronfell
• General Electric
• Agrolux
Floriculture Lighting Market Insights
Lucintel forecasts that toplighting is expected to witness higher growth over the forecast period.
Greenhouse is expected to witness highest growth over the forecast perioddue to its growing preference for cultivating regular crops with controlled temperatures and predictable climatic condition environment.
North America is expected to witness highest growth over the forecast period due to rising demand for indoor farms and greenhouses vertical in the region.
Features of the Global Floriculture Lighting Market
Market Size Estimates: Floriculture lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Floriculture lighting market by various segments, such as by lighting type, offering, technology, application and region in terms of($B).
Regional Analysis: Floriculture lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different lighting types, offerings, technologies, applications, and regions for the floriculture lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the floriculture lighting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the floriculture lighting market size?
Answer: The global floriculture lighting market is expected to reach an estimated $xx billion by 2030.
Q.2 What is the growth forecast for floriculture lighting market?
Answer: The global floriculture lighting market is expected to grow with a CAGR of 24.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the floriculture lighting market?
Answer: The major drivers for this market are high consumption light-emitting diode technology in floriculture sector, growing popularity for greenhouse concept, and significant use of this lighting technology in vertical farming.
Q4. What are the major segments for floriculture lighting market?
Answer: The future of the floriculture lighting market looks promising with opportunities in the greenhouse, vertical farming, and indoor farming applications.
Q5. Who are the key floriculture lighting market companies?
Answer: Some of the key floriculture lighting companies are as follows:
• Heliospectra
• SAMSUNG
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting
• Hortisystems
• ProGrowTech
• Ronfell
• General Electric
• Agrolux
Q6. Which floriculture lighting market segment will be the largest in future?
Answer: Lucintel forecasts that toplighting is expected to witness higher growth over the forecast period due to .
Q7. In floriculture lighting market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rising demand for indoor farms and greenhouses vertical in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the floriculture lighting market by lighting type (toplighting and interlighting), offering (hardware, software, and services), technology (fluorescent, high-intensity discharge, light-emitting diode, and others), application (greenhouses, vertical farming, indoor farming, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Floriculture Lighting Market, Floriculture Lighting Market Size, Floriculture Lighting Market Growth, Floriculture Lighting Market Analysis, Floriculture Lighting Market Report, Floriculture Lighting Market Share, Floriculture Lighting Market Trends, Floriculture Lighting Market Forecast, Floriculture Lighting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Floriculture Lighting Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Floriculture Lighting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Floriculture Lighting Market by Lighting Type
3.3.1: Toplighting
3.3.2: Interlighting
3.4: Global Floriculture Lighting Market by Offering
3.4.1: Hardware
3.4.2: Software
3.4.3: Services
3.5: Global Floriculture Lighting Market by Technology
3.5.1: Fluorescent
3.5.2: High-Intensity Discharge
3.5.3: Light-Emitting Diode
3.5.4: Others
3.6: Global Floriculture Lighting Market by Application
3.6.1: Greenhouses
3.6.2: Vertical Farming
3.6.3: Indoor Farming
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Floriculture Lighting Market by Region
4.2: North American Floriculture Lighting Market
4.2.2: North American Floriculture Lighting Market by Application: Greenhouses, Vertical Farming, Indoor Farming, and Others
4.3: European Floriculture Lighting Market
4.3.1: European Floriculture Lighting Market by Lighting Type: Toplighting and Interlighting
4.3.2: European Floriculture Lighting Market by Application: Greenhouses, Vertical Farming, Indoor Farming, and Others
4.4: APAC Floriculture Lighting Market
4.4.1: APAC Floriculture Lighting Market by Lighting Type: Toplighting and Interlighting
4.4.2: APAC Floriculture Lighting Market by Application: Greenhouses, Vertical Farming, Indoor Farming, and Others
4.5: ROW Floriculture Lighting Market
4.5.1: ROW Floriculture Lighting Market by Lighting Type: Toplighting and Interlighting
4.5.2: ROW Floriculture Lighting Market by Application: Greenhouses, Vertical Farming, Indoor Farming, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Floriculture Lighting Market by Lighting Type
6.1.2: Growth Opportunities for the Global Floriculture Lighting Market by Offering
6.1.3: Growth Opportunities for the Global Floriculture Lighting Market by Technology
6.1.4: Growth Opportunities for the Global Floriculture Lighting Market by Application
6.1.5: Growth Opportunities for the Global Floriculture Lighting Market by Region
6.2: Emerging Trends in the Global Floriculture Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Floriculture Lighting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Floriculture Lighting Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Heliospectra
7.2: SAMSUNG
7.3: Greens Hydroponics
7.4: UPSHINE Lighting
7.5: TESLUX Lighting
7.6: Hortisystems
7.7: ProGrowTech
7.8: Ronfell
7.9: General Electric
7.10: Agrolux
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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