Horticulture Lighting Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis


 The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Horticulture Lighting Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Horticulture Lighting Industry (2024-2030):

According to the latest report, The Horticulture Lighting Market size is valued at around USD 6.78 Billion in 2023 and is projected to grow at a CAGR of around 16.22% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Horticulture Lighting industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

·       Historical Data: 2019-22

·       Base Year: 2023

·       Forecast Period: 2024-30

·       CAGR (2024-2030): 16.22%

·       Market Value (2023): USD 6.78 Billion

What are the major Driver the Horticulture Lighting industry?

Widespread Adoption of Horticulture Lighting in Numerous Agricultural Applications - The increased deployment of horticulture lighting in numerous agricultural applications, including urban farming, supplemental lighting, cultivation without daylight, and multilayer cultivation, provides the necessary impetus to the market for the projected timeframe. Further, the growing vertical farming applications and greenhouse projects enthrall the market. Additionally, the population boom for the past few years, instigating the farmers to go indoors and utilize every bit of resource to cater to the up-scaling needs, further propels the market through 2030.

Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/horticulture-lighting-market.html

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Horticulture Lighting Market Segmentation

The Horticulture Lighting Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • By Application
    • Indoor Farming
    • Greenhouse
    • Vertical Farming
  • By Technology
    • High-Intensity Discharge (HID)
      • LED
      • High-Pressure Sodium Lamp
    • Fluorescent
      • T5
      • CFL
  • By Offering
    • Hardware
    • Software
    • Services
  • By Cultivation
    • Vegetable
    • Fruits
    • Floriculture
    • Others (Medicinal plants, Aromatic, etc.)
  • By Lighting Type
    • Top lighting
    • Inter lighting
    • Supplemental Lighting
    • Sole-Source Lighting
    • Photoperiodic Lighting
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

As per the regional aspect, the Horticulture Lighting Market is expected to be dominated by North America by capturing the potential market share.

Explore further details about this research report - https://www.marknteladvisors.com/research-library/horticulture-lighting-market.html

Top Companies in the Horticulture Lighting Market

Bridgelux Inc., EYE Hortilux, Maxigrow Ltd, Hortilux Schreder, Osram Licht AG, Gavita International BV, Lumileds, Agrolux, PARsource, Heliospectra, Signify, Valoya, California Lightworks, LumiGrow, EYE Hortilux, Others

Others Reports:

Mexico Crop Protection Chemicals Market

Mexico Crop Protection Chemicals Market Size

Mexico Crop Protection Chemicals Market Scope

Mexico Crop Protection Chemicals Market Future

Mexico Crop Protection Chemicals Market Demand

Horticulture Lighting Industry Recent Development:

In 2022, Signify, the behemoth in lighting, has finally acquired Fluence, one of the brands from AMS OSRAM. The acquisition seems to strengthen the global Agriculture lighting growth platform and extends the position of Signify in the attractive North American horticultural lighting market.

In Oct 2020, California LightWorks unveiled its MegaDrive, a new professional grow light system, which claims to facilitate precise outcomes while drastically lowering both up-front & long-term operating costs. Additionally, the new system constitutes a central power unit joined to a series of up to 30 LED fixtures in a chain. The best part is, High voltage three-phase power can connect straight to the central power unit, eliminating power drops to each fixture.

In September 2020, Valoya, one of the key grow light manufacturers, expanded its product line of RX-Series line of greenhouse LEDs with two latest models - RX500 & RX600, that are claimed to be producing minimal shading over the canopy. Also, equipped with an Ingress Protection rating of IP65 (wet location), these luminaires are purely dust-tight & can demonstrate omnidirectional fight spraying with water jets.

Why Markntel Advisors Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/horticulture-lighting-market.html

For Further Queries:

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