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Horticulture Lighting Trends and Forecast

The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets. The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030 with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.
Horticulture Lighting by Offering, Technology, Cultivation Type, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Horticulture Lighting by Segments

Horticulture Lighting by Segment

The study includes a forecast for the global horticulture lighting by offering, technology, cultivation type, application, and region.

Horticulture Lighting Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software & Services

Horticulture Lighting Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Fluorescent
• High-Intensity Discharge
• Light-Emitting Diode
• Others

Horticulture Lighting Market by Cultivation Type [Shipment Analysis by Value from 2018 to 2030]:

• Fruits & Vegetables
• Floriculture
• Cannabis

Horticulture Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Greenhouses
• Vertical Farms
• Indoor Farms
• Others

Horticulture Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Horticulture 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 horticulture lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the horticulture lighting companies profiled in this report include-
• Signify Holding
• Gavita International
• Heliospectra
• ams-OSRAM International
• California LightWorks
• Valoya
• Hortilux Schréder
• ILUMINAR Lighting
• Current Lighting Solutions
• GE Lighting

Horticulture Lighting Market Insights

  • Lucintel forecasts that cannabis is expected to witness the highest growth over the forecast period.
  • APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets in the region.

Features of the Global Horticulture Lighting Market

  • Market Size Estimates: Horticulture lighting market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Horticulture lighting market size by various segments, such as by offering, technology, cultivation type, application, and region in terms of value ($B).
  • Regional Analysis: Horticulture lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different offering, technology, cultivation type, application, and regions for the horticulture lighting market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the horticulture lighting market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the horticulture lighting market size?
Answer: The global horticulture lighting market is expected to reach an estimated $10.4 billion by 2030.
Q2. What is the growth forecast for horticulture lighting market?
Answer: The global horticulture lighting market is expected to grow with a CAGR of 16.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the horticulture lighting market?
Answer: The major drivers for this market are growing use of sustainable agricultural producing techniques throughout the year, enhancement of plant development with adaptable light spectrum, and government-LED campaigns to support agriculture methods in controlled environments.
Q4. What are the major segments for horticulture lighting market?
Answer: The future of the global horticulture lighting market looks promising with opportunities in the greenhouse, vertical farm, and indoor farm markets.
Q5. Who are the key horticulture lighting market companies?
Answer: Some of the key horticulture lighting companies are as follows:
• Signify Holding
• Gavita International
• Heliospectra
• ams-OSRAM International
• California LightWorks
• Valoya
• Hortilux Schréder
• ILUMINAR Lighting
• Current Lighting Solutions
• GE Lighting
Q6. Which horticulture lighting market segment will be the largest in future?
Answer: Lucintel forecasts that cannabis is expected to witness the highest growth over the forecast period.
Q7. In horticulture lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing consumer demand for high-value products such gourmet veggies and herbs, as well as, growing preferences among consumers for recording gadgets 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 horticulture lighting market by offering (hardware and software & services), technology (fluorescent, high-intensity discharge, light-emitting diode, and others), cultivation type (fruits & vegetables, floriculture, and cannabis), application (greenhouses, vertical farms, indoor farms, 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 Horticulture Lighting Market, Horticulture Lighting Market Size, Horticulture Lighting Market Growth, Horticulture Lighting Market Analysis, Horticulture Lighting Market Report, Horticulture Lighting Market Share, Horticulture Lighting Market Trends, Horticulture Lighting Market Forecast, Horticulture 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 Horticulture 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 Horticulture Lighting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Horticulture Lighting Market by Offering
3.3.1: Hardware
3.3.2: Software & Services
3.4: Global Horticulture Lighting Market by Technology
3.4.1: Fluorescent
3.4.2: High-intensity Discharge
3.4.3: Light-emitting Diode
3.4.4: Others
3.5: Global Horticulture Lighting Market by Cultivation Type
3.5.1: Fruits & Vegetables
3.5.2: Floriculture
3.5.3: Cannabis
3.6: Global Horticulture Lighting Market by Application
3.6.1: Greenhouses
3.6.2: Vertical Farms
3.6.3: Indoor Farms
3.6.4: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Horticulture Lighting Market by Region
4.2: North American Horticulture Lighting Market
4.2.1: North American Horticulture Lighting Market by Cultivation Type: Fruits & Vegetables, Floriculture, and Cannabis
4.2.2: North American Horticulture Lighting Market by Application: Greenhouses, Vertical Farms, Indoor Farms, and Others
4.3: European Horticulture Lighting Market
4.3.1: European Horticulture Lighting Market by Cultivation Type: Fruits & Vegetables, Floriculture, and Cannabis
4.3.2: European Horticulture Lighting Market by Application: Greenhouses, Vertical Farms, Indoor Farms, and Others
4.4: APAC Horticulture Lighting Market
4.4.1: APAC Horticulture Lighting Market by Cultivation Type: Fruits & Vegetables, Floriculture, and Cannabis
4.4.2: APAC Horticulture Lighting Market by Application: Greenhouses, Vertical Farms, Indoor Farms, and Others
4.5: ROW Horticulture Lighting Market
4.5.1: ROW Horticulture Lighting Market by Cultivation Type: Fruits & Vegetables, Floriculture, and Cannabis
4.5.2: ROW Horticulture Lighting Market by Application: Greenhouses, Vertical Farms, Indoor Farms, 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 Horticulture Lighting Market by Offering
6.1.2: Growth Opportunities for the Global Horticulture Lighting Market by Technology
6.1.3: Growth Opportunities for the Global Horticulture Lighting Market by Cultivation Type
6.1.4: Growth Opportunities for the Global Horticulture Lighting Market by Application
6.1.5: Growth Opportunities for the Global Horticulture Lighting Market by Region
6.2: Emerging Trends in the Global Horticulture Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Horticulture Lighting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Horticulture Lighting Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Signify Holding
7.2: Gavita International
7.3: Heliospectra
7.4: ams-OSRAM International
7.5: California LightWorks
7.6: Valoya
7.7: Hortilux Schréder
7.8: ILUMINAR Lighting
7.9: Current Lighting Solutions
7.10: GE Lighting
.

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Full Report: Horticulture Lighting Market Report: Trends, Forecast and Competitive Analysis to 2030 Full Report $ 4,850
150 - page report
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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