Horticulture Lighting Market is expected to reach US$ 6.45 Bn by 2027, at a CAGR of 21.4% during the forecast period.
Horticulture Lighting Market Overview:
With a focus on market dynamics, segmental analysis, market competition, regional growth, and significant growth plans, the analysis examines the Horticulture Lighting market in depth. The report includes data on market growth along with market segmentation by regions, product type, application, and industry end-use. Using the most up-to-date Horticulture Lighting Market research techniques and technology, experts offer thorough and exact marketing research reports. This report includes a thorough evaluation of the Horticulture Lighting market size and share as well as a wide range of industrial verticals.
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Market Scope:
The report goes through demand estimates, market trends, and micro and macro variables in great detail. The report also highlights the elements that are propelling and impeding the market's growth. The MMR Matrix in the report provides information on investment opportunities to existing and new market entrants. To provide market insights, the researcher has used analytical approaches such as Porter's five forces analysis and PESTLE of the Horticulture Lighting market. The report also looks at current market trends and forecasts for the years 2022-2029. The analysis also identified important impending changes that will have an impact on demand over the forecast period.
Horticulture Lighting Market Dynamics:
A synthetic light source called horticulture lighting is used to supplement natural light and increase grow light levels to promote photosynthesis. A consistent supply of crops, despite unfavourable weather conditions for farming all over the world, rising population, and accessibility of limited agricultural land are the main factors driving the global horticulture lighting market. Government initiatives to support the adoption of energy-efficient LEDs in horticulture, legalisation of cannabis for medicinal purposes, and increased year-round high-quality yield are also anticipated to fuel market growth in the forecast period. For instance, in May 2019, a licenced Canadian producer of recreational and medicinal marijuana chose LumiGrow Inc. as its LED lighting partner for the expansion of its six-acre cannabis greenhouse.
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Segmentation:
Global Horticulture Lighting Market, by Offering:
• Hardware
• Software &Services
Global Horticulture Lighting Market, by Technology:
• Fluorescent Lamps
• High-Intensity Discharge (HID) Lights
• LED Lights
• Other Technologies (Plasma and Induction)
Global Horticulture Lighting Market, by Lighting Type:
• Top-lighting
• Inter-lighting
• Photoperiodic lighting
• Supplemental lighting
• Sole-source lighting
Global Horticulture Lighting Market, by Deployment:
• Turnkey solutions
• Retrofit solutions
Global Horticulture Lighting Market, by Cultivation:
• Get more insight on other
• Fruits & Vegetables
• Floriculture
Global Horticulture Lighting Market, by Application:
• Greenhouses
• Vertical Farming
• Indoor Farming
• Others (Research and Tissue Culture)
Key players :
• Signify Holding
• Gavita International B.V.
• GE Lighting
• OSRAM GmbH
• Agrolux
• Heliospectra AB
• Hortilux Schréder B.V.
• Lumileds Holding B.V.
• PARsource
• Illumitex Inc.
• Hubbell Inc.
• Maxigrow
• Bridgelux
• Eye Hortilux
• Lumigrow
• Excite LED Grow Lights
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting s.r.o.
• Hortisystems UK Ltd
• ProGrowTech
• Ronfell Group
• SAMSUNG Electronics Co. Ltd.
• BSSLED Manufacturing Ltd.
• Forge Europa
• Cropmaster LED
• TE Connectivity Ltd.
• Cree, Inc.
• DiCon Lighting
• Valoya
• EVERLIGHT
Regional Analysis:
Readers will be well-informed on the Horticulture Lighting market on a regional level thanks to the reports' geographical insights. Any meaningful assessment of potential policy options in response to market change requires a thorough understanding of local energy, economic, political, and geographic elements. The report offers readers regional insights on the Horticulture Lighting market and local growth possibilities, as well as domestic area restrictions.
- Asia-Pacific
- Europe
- North America
- South America
- Middle East and Africa
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COVID-19 Impact Analysis on Horticulture Lighting Market:
In the Horticulture Lighting market research, the impact of COVID-19 on the market is thoroughly examined. Researchers at Maximize Market Research, who are monitoring the situation throughout the world as a result of the COVID-19 issue, feel that the market will give profitable prospects for producers as a result of the problem. The aim of the research is to give a more complete picture of the current situation, the economic slump, and COVID-19's impact on the entire business.
On a range of areas, the study offers data-driven insights and suggestions. Some of the most important questions are as follows:
- What are the major current developments that might have an impact on the product's life cycle and return on investment?
- What impact do regulatory changes have on corporate, business, and functional strategies?
- Will the main players' micromarketing efforts result in investment?
- What are the best PESTLE analysis frameworks and methodologies?
- Which regions are expecetd to see an increase in new opportunities?
- What are the game-changing technologies which are expected to used in the near future to capture new revenue streams?
- How can different players build client loyalty using different operational and tactical frameworks?
- What is the current level of market competition and what is expected in the near future?
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