Horticulture Lighting Market

Global Horticulture Lighting Market Size, Trends & Analysis - Forecasts to 2028 By Offering (Hardware and Software & Services), By Cultivation Type (Fruits & Vegetables, Floriculture, and Cannabis), By Technology (Fluorescent, High-intensity Discharge, Light-emitting Diode, and Others), By Application (Greenhouse, Vertical Farms, Indoor Farms, and Others), and By Region (North America, Asia Pacific Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on July 16 2024 with the latest and most recent market numbers

Global Horticulture Lighting Market Size

The global horticulture lighting market is projected to grow at a CAGR of 22.6% from 2023 to 2028.

The expanding horticulture lighting applications beyond traditional greenhouse farming to include vertical farming, urban agriculture, and research applications contribute to market growth. The increasing use of grow lights for plants and indoor plant growth lights, driven by the need for year-round crop production, is a significant growth factor. Horticulture lighting enables optimal plant growth in controlled environments.

Moreover, global population growth is increasing the demand for food, driving the need for efficient and year-round cultivation methods. Horticulture lighting supports enhanced crop yields and accelerated growth cycles. The rising urbanization and the scarcity of land for cultivation have led to a growing emphasis on vertical farming lights and other space-efficient cultivation methods. Horticulture lighting becomes crucial in such setups where natural sunlight may be limited.

Research and technological innovations in horticulture lighting and grow light technology, including developing specific light spectrums for different crops, contribute to improved efficiency and effectiveness. The emphasis on energy-efficient lighting solutions and the integration of smart technologies, such as smart horticulture lighting for precise control, helps reduce energy consumption in horticultural lighting systems.

One significant restraint in the global horticulture lighting market is the high initial capital investment required for the integration and customization of lighting systems. This can be a financial barrier from adopting horticulture lighting technologies, particularly for small-scale operations, which can impact the overall market growth and adoption rates.

global horticulture lighting market

Global Horticulture Lighting Market: By Application

Greenhouse segment is expected to hold the largest share of the market. This is primarily due to the increasing adoption of greenhouse lighting solutions. The surge in demand for food, driven by the expanding global population, is a key factor propelling the segment growth. The Food and Agriculture Organization of the United Nations Report highlights that in 2021, global cereals production exceeded 927 million tons, reflecting a notable 5% increase from 2020.

Vertical farming segment is expected to be the fastest-growing segment in the market from 2023-2028. This is driven by various factors such as climate change, increasing demand for food, substantial funding, and the rising global population. After the 2011 tsunami in Japan, a collaborative initiative involving the Japanese government, Mirai Co., Ltd., and General Electric used a former Sony semiconductor factory into the largest indoor farm globally.

Global Horticulture Lighting Market: By Technology

Light- emitting diode (LED) is anticipated to be the fastest-growing segment in the market from 2023-2028. Horticultural LED lighting is extensively used in cultivating various crops like tomatoes, herbs, greens, and cucumbers. Many companies in the market are entering with innovative offerings in horticulture lighting. For instance, in January 2023, Polymatech introduced an advanced horticulture LED grow lamp. The release of these new horticulture LED products encompasses monochromatic LEDs as well as complete spectrum packages and modules under the brand RavayeTM. These novel products' primary emphasis is elevating performance in vertical farming, greenhouse applications, and horticulture lighting.

High intensity discharge segment is expected to hold the largest share of the market. The growth is attributed to the increasing adoption of this technology for commercial cultivation or farming, including greenhouse and vertical farms.

Global Horticulture Lighting Market: By Cultivation Type

The cannabis segment is anticipated to be the fastest-growing segment in the market from 2023-2028. This growth is attributed to the increasing cultivation of Cannabis sativa, valued for its secondary metabolites and cannabinoids with applications in pharmaceutical, medical, and recreational domains. The growing recognition of cannabis for its therapeutic properties contributes to the segment's rapid expansion.

The fruits & vegetables segment is expected to hold the largest share of the market over the forecast period. The growth is attributed to the increasing demand for fruits and vegetables globally, which has resulted in rising production of vegetables. For instance, according to the U.S. Department of Agriculture, in 2020, the per capita availability of vegetables for consumption in the United States stood at 382.5 pounds, slightly below the 20-year average of 389.8 pounds. However, this marked an increase from the 2019 figure of 371.6 pounds.

Global Horticulture Lighting Market: By Offering

The software & services segment is anticipated to be the fastest-growing segment in the market from 2023-2028. The segment growth is owing to the rising adoption of Controlled-Environment Agriculture (CEA), where software is instrumental in managing diverse environmental factors. Worldwide, there is an increasing trend in adopting Controlled Environment Agriculture (CEA), encompassing greenhouse and indoor farming. Horticulture lighting is pivotal in supplying artificial light, mirroring natural sunlight to enhance plant growth. With the expansion of CEA practices to fulfil the increasing year-round produce demand and urban farming needs, there is an anticipated surge in the demand for horticulture lighting solutions.

The hardware segment is anticipated to hold the largest share of the market. Hardware is essential for implementing horticulture lighting. This category encompasses lighting fixtures, bulbs, and related infrastructure crucial for illuminating plants, given its essential role in the practical application of horticulture lighting.

asia pacific horticulture lighting market

Global Horticulture Lighting Market: By Region

North America is expected to be the dominant region in the global market. The primary reasons boosting regional market growth include increasing agricultural practices like indoor farming and greenhouse cultivation. For instance, AppHarvest, a U.S.-based food production company developing and operating indoor farms in the Appalachia region, utilizes controlled environment agriculture (CEA) to enhance efficiency and promote pesticide-free cultivation, thereby expanding the region's horticulture lighting market.

Asia Pacific is predicted to witness rapid growth during the forecast period. The growth in the region is driven by increasing food demand in densely populated countries such as China and India. Governments in nations such as China, Japan, and South Korea are proactively endorsing sustainable agricultural lighting methods and investing in cutting-edge technologies like horticulture lighting to address the rising need for domestically sourced food. Given the region's substantial population and a growing emphasis on ensuring food security and self-sufficiency, the Asia Pacific market offers significant prospects for manufacturers and suppliers of horticulture lighting.

Global Horticulture Lighting Market Share and Competitor Analysis

Signify Holding, Gavita International B.V., Heliospectra, ams-OSRAM International GmbH, California LightWorks, Valoya, Hortilux Schréder, ILUMINAR Lighting, Current Lighting Solutions, LLC., and GE Lighting, among others, are some of the key players operating in the global horticulture lighting market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Horticulture Lighting Market Recent Developments

In June 2023, ams OSRAM, a global optical solutions leader, introduced the fifth generation of its OSLON Square Hyper Red horticulture LED, boasting a market-leading wall plug efficiency of 78.8%. This innovation features robust in-house chip technology, ensuring an exceptionally long Q90 lifetime of 102,000 hours.

In June 2023, ams OSRAM, announced the expansion of its OSLON Optimal product line of horticultural lighting LEDs with the introduction of a new 640 nm Red LED. This addition includes the 660 nm Hyper Red and 730 nm Far Red LEDs, a 450 nm Deep Blue LED, and a horti white LED, offering indoor farmers a broader spectrum for faster and healthier plant growth.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION

4.1   Introduction

4.2   Horticulture Lighting Market: Application Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Greenhouses

4.4.1        Greenhouses Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Vertical Farms

4.5.1        Vertical Farms Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Indoor Farms

4.6.1        Indoor Farms Market Estimates and Forecast, 2020-2028 (USD Million)

4.7   Others

4.7.1           Others Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY

5.1   Introduction

5.2   Horticulture Lighting Market: Technology Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Fluorescent

5.4.1        Fluorescent Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   High-intensity Discharge (HID)

5.5.1        High-intensity Discharge (HID) Market Estimates and Forecast, 2020-2028 (USD Million)

5.6   Light-emitting Diode

5.6.1        Light-emitting Diode Market Estimates and Forecast, 2020-2028 (USD Million)

5.7   Others

5.7.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

6         GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE

6.1   Introduction

6.2   Horticulture Lighting Market: Cultivation Type Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Fruits & Vegetables

6.4.1        Fruits & Vegetables Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Floriculture

6.5.1        Floriculture Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Cannabis

6.6.1        Cannabis Market Estimates and Forecast, 2020-2028 (USD Million)

7         GLOBAL HORTICULTURE LIGHTING MARKET, BY OFFERING

7.1   Introduction

7.2   Horticulture Lighting Market: Offering Scope Key Takeaways

7.3   Revenue Growth Analysis, 2022 & 2028

7.4   Hardware

7.4.1        Hardware Market Estimates and Forecast, 2020-2028 (USD Million)

7.5   Software & Services

7.5.1        Software & Services Market Estimates and Forecast, 2020-2028 (USD Million)

8          GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION

8.1   Introduction

8.2   North America Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.1        By Application

8.2.2        By Technology

8.2.3        By Cultivation Type

8.2.4        By Offering  

8.2.5        By Country

8.2.5.1     U.S. Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.1.1        By Application

8.2.5.1.2        By Technology

8.2.5.1.3        By Cultivation Type

8.2.5.1.4        By Offering

8.2.5.2     Canada Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.2.1        By Application

8.2.5.2.2        By Technology

8.2.5.2.3        By Cultivation Type

8.2.5.2.4        By Offering

8.2.5.3     Mexico Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.3.1        By Application

8.2.5.3.2        By Technology

8.2.5.3.3        By Cultivation Type

8.2.5.3.4        By Offering

8.3   Europe Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.1        By Application

8.3.2        By Technology

8.3.3        By Cultivation Type

8.3.4        By Offering  

8.3.5        By Country

8.3.5.1     Germany Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.1.1        By Application

8.3.5.1.2        By Technology

8.3.5.1.3        By Cultivation Type

8.3.5.1.4        By Offering

8.3.5.2     U.K. Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.2.1        By Application

8.3.5.2.2        By Technology

8.3.5.2.3        By Cultivation Type

8.3.5.2.4        By Offering

8.3.5.3     France Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.3.1        By Application

8.3.5.3.2        By Technology

8.3.5.3.3        By Cultivation Type

8.3.5.3.4        By Offering

8.3.5.4     Italy Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.4.1        By Application

8.3.5.4.2        By Technology

8.3.5.4.3        By Cultivation Type

8.3.5.4.4        By Offering

8.3.5.5     Spain Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.5.1        By Application

8.3.5.5.2        By Technology

8.3.5.5.3        By Cultivation Type

8.3.5.5.4        By Offering

8.3.5.6     Netherlands Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.6.1        By Application

8.3.5.6.2        By Technology

8.3.5.6.3        By Cultivation Type

8.3.5.6.4        By Offering

8.3.5.7     Rest of Europe Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.7.1        By Application

8.3.5.7.2        By Technology

8.3.5.7.3        By Cultivation Type

8.3.5.7.4        By Offering

8.4   Asia Pacific Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.1        By Application

8.4.2        By Technology

8.4.3        By Cultivation Type

8.4.4        By Offering  

8.4.5        By Country

8.4.5.1     China Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.1.1        By Application

8.4.5.1.2        By Technology

8.4.5.1.3        By Cultivation Type

8.4.5.1.4        By Offering

8.4.5.2     Japan Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.2.1        By Application

8.4.5.2.2        By Technology

8.4.5.2.3        By Cultivation Type

8.4.5.2.4        By Offering

8.4.5.3     India Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.3.1        By Application

8.4.5.3.2        By Technology

8.4.5.3.3        By Cultivation Type

8.4.5.3.4        By Offering

8.4.5.4     South Korea Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.4.1        By Application

8.4.5.4.2        By Technology

8.4.5.4.3        By Cultivation Type

8.4.5.4.4        By Offering

8.4.5.5     Singapore Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.5.1        By Application

8.4.5.5.2        By Technology

8.4.5.5.3        By Cultivation Type

8.4.5.5.4        By Offering

8.4.5.6     Malaysia Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.6.1        By Application

8.4.5.6.2        By Technology

8.4.5.6.3        By Cultivation Type

8.4.5.6.4        By Offering

8.4.5.7     Thailand Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.7.1        By Application

8.4.5.7.2        By Technology

8.4.5.7.3        By Cultivation Type

8.4.5.7.4        By Offering

8.4.5.8     Indonesia Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.8.1        By Application

8.4.5.8.2        By Technology

8.4.5.8.3        By Cultivation Type

8.4.5.8.4        By Offering

8.4.5.9     Vietnam Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.9.1        By Application

8.4.5.9.2        By Technology

8.4.5.9.3        By Cultivation Type

8.4.5.9.4        By Offering

8.4.5.10  Taiwan Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.10.1      By Application

8.4.5.10.2      By Technology

8.4.5.10.3      By Cultivation Type

8.4.5.10.4      By Offering

8.4.5.11  Rest of Asia Pacific Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.11.1      By Application

8.4.5.11.2      By Technology

8.4.5.11.3      By Cultivation Type

8.4.5.11.4      By Offering

8.5   Middle East and Africa Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.1        By Application

8.5.2        By Technology

8.5.3        By Cultivation Type

8.5.4        By Offering  

8.5.5        By Country

8.5.5.1     Saudi Arabia Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.1.1        By Application

8.5.5.1.2        By Technology

8.5.5.1.3        By Cultivation Type

8.5.5.1.4        By Offering

8.5.5.2     U.A.E. Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.2.1        By Application

8.5.5.2.2        By Technology

8.5.5.2.3        By Cultivation Type

8.5.5.2.4        By Offering

8.5.5.3     Israel Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.4.3.1        By Application

8.5.4.3.2        By Technology

8.5.4.3.3        By Cultivation Type

8.5.5.3.4        By Offering

8.5.5.4     South Africa Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.4.1        By Application

8.5.5.4.2        By Technology

8.5.5.4.3        By Cultivation Type

8.5.5.4.4        By Offering

8.5.5.5     Rest of Middle East and Africa Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.5.1        By Application

8.5.5.5.2        By Technology

8.5.5.5.2        By Cultivation Type

8.5.5.5.4        By Offering

8.6   Central and South America Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.1        By Application

8.6.2        By Technology

8.6.3        By Cultivation Type

8.6.4        By Offering

8.6.5        By Country

8.6.5.1     Brazil Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.1.1        By Application

8.6.5.1.2        By Technology

8.6.5.1.3        By Cultivation Type

8.6.5.1.4        By Offering

8.6.5.2     Argentina Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.2.1        By Application

8.6.5.2.2        By Technology

8.6.5.2.3        By Cultivation Type

8.6.5.2.4        By Offering

8.6.5.3     Chile Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.3.1        By Application

8.6.5.3.2        By Technology

8.6.5.3.3        By Cultivation Type

8.6.5.5.4        By Offering

8.6.5.4     Rest of Central and South America Horticulture Lighting Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.4.1        By Application

8.6.5.4.2        By Technology

8.6.5.4.3        By Cultivation Type

8.6.5.4.4        By Offering

9          COMPETITIVE LANDCAPE

9.1   Company Market Share Analysis

9.2   Four Quadrant Positioning Matrix

9.2.1        Market Leaders

9.2.2        Market Visionaries

9.2.3        Market Challengers

9.2.4        Niche Market Players

9.3   Vendor Landscape

9.3.1        North America

9.3.2        Europe

9.3.3        Asia Pacific

9.3.4        Rest of the World

9.4   Company Profiles  

9.4.1        Signify Holding

9.4.1.1 Business Description & Financial Analysis

9.4.1.2 SWOT Analysis

9.4.1.3 Products & Services Offered

9.4.1.4 Strategic Alliances between Business Partners

9.4.2        Gavita International B.V.

9.4.2.1 Business Description & Financial Analysis

9.4.2.2 SWOT Analysis

9.4.2.3 Products & Services Offered

9.4.2.4 Strategic Alliances between Business Partners

9.4.3        Heliospectra

9.4.3.1 Business Description & Financial Analysis

9.4.3.2 SWOT Analysis

9.4.3.3 Products & Services Offered

9.4.3.4 Strategic Alliances between Business Partners

9.4.4        Ams-OSRAM International GmbH

9.4.4.1 Business Description & Financial Analysis

9.4.4.2 SWOT Analysis

9.4.4.3 Products & Services Offered

9.4.4.4 Strategic Alliances between Business Partners

9.4.5        California LightWorks

9.4.5.1 Business Description & Financial Analysis

9.4.5.2 SWOT Analysis

9.4.5.3 Products & Services Offered

9.4.5.4 Strategic Alliances between Business Partners

9.4.6        Valoya

9.4.6.1 Business Description & Financial Analysis

9.4.6.2 SWOT Analysis

9.4.6.3 Products & Services Offered

9.4.6.4 Strategic Alliances between Business Partners

9.4.7        Hortilux Schreder  

9.4.7.1 Business Description & Financial Analysis

9.4.7.2 SWOT Analysis

9.4.7.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.8        ILUMINAR Lighting

9.4.8.1 Business Description & Financial Analysis

9.4.8.2 SWOT Analysis

9.4.8.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.9        Current Lighting Solutions,LLC..

9.4.9.1 Business Description & Financial Analysis

9.4.9.2 SWOT Analysis

9.4.9.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.10       GE LIGHTING

9.4.10.1 Business Description & Financial Analysis

9.4.10.2 SWOT Analysis

9.4.10.3 Products & Services Offered

9.4.10.4 Strategic Alliances between Business Partners

9.4.11      Other Companies

9.4.11.1 Business Description & Financial Analysis

9.4.11.2 SWOT Analysis

9.4.11.3 Products & Services Offered

9.4.11.4 Strategic Alliances between Business Partners

10        RESEARCH METHODOLOGY

10.1 Market Introduction

10.1.1      Market Definition

10.1.2      Market Scope & Segmentation

10.2 Information Procurement

10.2.1      Secondary Research

10.2.1.1           Purchased Databases

10.2.1.2           GMEs Internal Data Repository

10.2.1.3           Secondary Resources & Third Party Perspectives

10.2.1.4           Company Information Sources

10.2.2      Primary Research

10.2.2.1           Various Types of Respondents for Primary Interviews

10.2.2.2           Number of Interviews Conducted throughout the Research Process

10.2.2.3           Primary Stakeholders

10.2.2.4           Discussion Guide for Primary Participants

10.2.3      Expert Panels

10.2.3.1           Expert Panels Across 30+ Industry

10.2.4      Paid Local Experts

10.2.4.1           Paid Local Experts Across 30+ Industry Across each Region

10.3 Market Estimation

10.3.1      Top-Down Approach

10.3.1.1           Macro-Economic Indicators Considered

10.3.1.2           Micro-Economic Indicators Considered

10.3.2      Bottom Up Approach

10.3.2.1           Company Share Analysis Approach

10.3.2.2           Estimation of Potential Product Sales

10.4 Data Triangulation

10.4.1      Data Collection

10.4.2      Time Series, Cross Sectional & Panel Data Analysis

10.4.3      Cluster Analysis

10.5 Analysis and Output

10.5.1      Inhouse AI Based Real Time Analytics Tool

10.5.2      Output From Desk & Primary Research

10.6 Research Assumptions & Limitations

10.7.1      Research Assumptions

10.7.2      Research Limitations

LIST OF TABLES

1 Global Horticulture Lighting Market, By Application, 2020-2028 (USD Mllion)

2 Greenhouses Market, By Region, 2020-2028 (USD Mllion) 

3 Vertical Farms Market, By Region, 2020-2028 (USD Mllion)             

4 Indoor Farms Market, By Region, 2020-2028 (USD Mllion)

5 Global Horticulture Lighting Market, By Technology, 2020-2028 (USD Mllion) 

6 Fluorescent Market, By Region, 2020-2028 (USD Mllion)  

7 High-intensity Discharge (HID) Market, By Region, 2020-2028 (USD Mllion)

8 Light-emitting Diode Market, By Region, 2020-2028 (USD Mllion)

9 other Market, By Region, 2020-2028 (USD Mllion)

10 Global Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Mllion)

11 Fruits & Vegetables Market, By Region, 2020-2028 (USD Mllion)  

12 Floriculture Market, By Region, 2020-2028 (USD Mllion) 

13 Cannabis Market, By Region, 2020-2028 (USD Mllion)          

14 Global Horticulture Lighting Market, By OFFERING, 2020-2028 (USD Mllion)

15 Hardware Market, By Region, 2020-2028 (USD Mllion)        

16 Software & Services Market, By Region, 2020-2028 (USD Mllion)

17 Regional Analysis, 2020-2028 (USD Mllion)

18 North America Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

19 North America Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

20 North America Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

21 North America Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

22 North America Horticulture Lighting Market, By Country, 2020-2028 (USD Million)

23 U.S Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

24 U.S Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

25 U.S Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

26 U.S Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

27 Canada Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

28 Canada Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

29 Canada Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

30 CANADA Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

31 Mexico Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

32 Mexico Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

33 Mexico Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

34 mexico Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

35 Europe Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

36 Europe Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

37 Europe Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

38 europe Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

39 Germany Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

40 Germany Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

41 Germany Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

42 germany Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

43 U.K Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

44 U.K Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

45 U.K Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

46 U.kHorticulture Lighting Market, By Offering, 2020-2028 (USD Million)

47 France Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

48 France Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

49 France Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

50 france Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

51 Italy Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

52 Italy Horticulture Lighting Market, By T Technology Type, 2020-2028 (USD Million)

53 Italy Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

54 italy Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

55 Spain Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

56 Spain Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

57 Spain Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

58 spain Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

59 Rest Of Europe Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

60 Rest Of Europe Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

61 Rest of Europe Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

62 REST OF EUROPE Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

63 Asia Pacific Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

64 Asia Pacific Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

65 Asia Pacific Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

66 asia Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

67 Asia Pacific Horticulture Lighting Market, By Country, 2020-2028 (USD Million)

68 China Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

69 China Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

70 China Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

71 china Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

72 India Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

73 India Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

74 India Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

75 india Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

76 Japan Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

77 Japan Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

78 Japan Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

79 japan Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

80 South Korea Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

81 South Korea Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

82 South Korea Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

83 south korea Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

84 Middle East and Africa Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

85 Middle East and Africa Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

86 Middle East and Africa Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

87 MIDDLE EAST and AFRICA Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

88 Middle East and Africa Horticulture Lighting Market, By Country, 2020-2028 (USD Million)

89 Saudi Arabia Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

90 Saudi Arabia Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

91 Saudi Arabia Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

92 saudi arabia Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

93 UAE Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

94 UAE Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

95 UAE Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

96 uae Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

97 Central and South America Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

98 Central and South America Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

99 Central and South America Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

100 CENTRAL and SOUTH AMERICA Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

101 Central and South America Horticulture Lighting Market, By Country, 2020-2028 (USD Million)

102 Brazil Horticulture Lighting Market, By Application, 2020-2028 (USD Million)

103 Brazil Horticulture Lighting Market, By Technology, 2020-2028 (USD Million)

104 Brazil Horticulture Lighting Market, By Cultivation Type, 2020-2028 (USD Million)

105 brazil Horticulture Lighting Market, By Offering, 2020-2028 (USD Million)

106 SIGNIFY HOLDING: Products & Services Offering

107 Gavita International B.V.: Products & Services Offering  

108 Heliospectra: Products & Services Offering           

109 Ams-OSRAM International GmbH: Products & Services Offering 

110 California LightWorks: Products & Services Offering     

111 VALOYA: Products & Services Offering          

112 Hortilux Schreder : Products & Services Offering             

113 ILUMINAR Lighting: Products & Services Offering 

114 Current Lighting Solutions,LLC.., Inc: Products & Services Offering      

115  GE LIGHTING: Products & Services Offering               

116 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Horticulture Lighting Market Overview

2 Global Horticulture Lighting Market Value From 2020-2028 (USD Mllion)

3 Global Horticulture Lighting Market Share, By Application (2022)

4 Global Horticulture Lighting Market Share, By Technology (2022)

5 Global Horticulture Lighting Market Share, By Cultivation Type (2022)

6 Global Horticulture Lighting Market Share, By Offering (2022)

7 Global Horticulture Lighting Market, By Region (Asia Pacific Market)

8 Technological Trends In Global Horticulture Lighting Market

9 Four Quadrant Competitor Positioning Matrix

10 Impact Of Macro & Micro Indicators On The Market

11 Impact Of Key Drivers On The Global Horticulture Lighting Market

12 Impact Of Challenges On The Global Horticulture Lighting Market

13 Porter’s Five Forces Analysis

14 Global Horticulture Lighting Market: By Application Scope Key Takeaways

15 Global Horticulture Lighting Market, By Application Segment: Revenue Growth Analysis

16 Greenhouses Market, By Region, 2020-2028 (USD Mllion)    

17 Vertical Farms Market, By Region, 2020-2028 (USD Mllion)

18 Indoor Farms Market, By Region, 2020-2028 (USD Mllion)

19 Others Market, By Region, 2020-2028 (USD Mllion)    

20 Global Horticulture Lighting Market: By Technology Scope Key Takeaways

21 Global Horticulture Lighting Market, By Technology Segment: Revenue Growth Analysis

22 Fluorescent Market, By Region, 2020-2028 (USD Mllion)       

23 High-intensity Discharge (HID) Market, By Region, 2020-2028 (USD Mllion)

24 Light-emitting Diode Market, By Region, 2020-2028 (USD Mllion)

25 Others Market, By Region, 2020-2028 (USD Mllion)

26 Global Horticulture Lighting Market: By Cultivation Type Scope Key Takeaways

27 Global Horticulture Lighting Market, By Cultivation Type Segment: Revenue Growth Analysis

28 Fruits & Vegetables Market, By Region, 2020-2028 (USD Mllion)     

29 Floriculture Market, By Region, 2020-2028 (USD Mllion)

30 Cannabis Market, By Region, 2020-2028 (USD Mllion)

31 Global Horticulture Lighting Market: By Offering Scope Key Takeaways

32 Global Horticulture Lighting Market, By Offering Segment: Revenue Growth Analysis

33 Hardware Market, By Region, 2020-2028 (USD Mllion)          

34 Software & Services Market, By Region, 2020-2028 (USD Mllion)

35 Regional Segment: Revenue Growth Analysis

36 Global Horticulture Lighting Market: Regional Analysis

37 North America Horticulture Lighting Market Overview

38 North America Horticulture Lighting Market, By Application

39 North America Horticulture Lighting Market, By Technology

40 North America Horticulture Lighting Market, By Cultivation Type

41 North America Horticulture Lighting Market, By Offering

42 North America Horticulture Lighting Market, By Country

43 U.S. Horticulture Lighting Market, By Application

44 U.S. Horticulture Lighting Market, By Technology

45 U.S. Horticulture Lighting Market, By Cultivation Type

46 U.S. Horticulture Lighting Market, By Offering

47 Canada Horticulture Lighting Market, By Application

48 Canada Horticulture Lighting Market, By Technology

49 Canada Horticulture Lighting Market, By Cultivation Type

50 Canada Horticulture Lighting Market, By Offering

51 Mexico Horticulture Lighting Market, By Application

52 Mexico Horticulture Lighting Market, By Technology

53 Mexico Horticulture Lighting Market, By Cultivation Type

54 Mexico Horticulture Lighting Market, By Offering

55 Four Quadrant Positioning Matrix

56 Company Market Share Analysis

57 Signify Holding: Company Snapshot

58 Signify Holding: SWOT Analysis

59 Signify Holding: Geographic Presence

60 Gavita International B.V.: Company Snapshot

61 Gavita International B.V.: SWOT Analysis

62 Gavita International B.V.: Geographic Presence

63 Heliospectra: Company Snapshot

64 Heliospectra: SWOT Analysis

65 Heliospectra: Geographic Presence

66 Ams-OSRAM International GmbH: Company Snapshot

67 Ams-OSRAM International GmbH: Swot Analysis

68 Ams-OSRAM International GmbH: Geographic Presence

69 California LightWorks: Company Snapshot

70 California LightWorks: SWOT Analysis

71 California LightWorks: Geographic Presence

72 Valoya: Company Snapshot

73 Valoya: SWOT Analysis

74 Valoya: Geographic Presence

75 Hortilux Schreder : Company Snapshot

76 Hortilux Schreder : SWOT Analysis

77 Hortilux Schreder : Geographic Presence

78 ILUMINAR Lighting: Company Snapshot

79 ILUMINAR Lighting: SWOT Analysis

80 ILUMINAR Lighting: Geographic Presence

81 Current Lighting Solutions,LLC.., Inc.: Company Snapshot

82 Current Lighting Solutions,LLC.., Inc.: SWOT Analysis

83 Current Lighting Solutions,LLC.., Inc.: Geographic Presence

84 GE Lighting: Company Snapshot

85 GE Lighting: SWOT Analysis

86 GE Lighting: Geographic Presence

87 Other Companies: Company Snapshot

88 Other Companies: SWOT Analysis

89 Other Companies: Geographic Presence

The Global Horticulture Lighting Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Horticulture Lighting Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Horticulture Lighting Market.

Horticulture Lighting Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Horticulture Lighting Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Horticulture Lighting Market Share

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Frequently Asked Questions

The global horticulture lighting market is projected to grow at a CAGR of 22.6% from 2023 to 2028.
Signify Holding, Gavita International B.V., Heliospectra, ams-OSRAM International GmbH, California LightWorks, Valoya, Hortilux Schréder, ILUMINAR Lighting, Current Lighting Solutions, LLC., and GE Lighting, among others, are some of the key players operating in the global horticulture lighting market.
The global horticulture lighting market is expected to gain opportunities due to the increasing adoption of sustainable agricultural practices, expansion of indoor and vertical farming, advancements in LED technology, and the growing demand for horticultural products. Additionally, the legalization of cannabis and government initiatives promoting energy-efficient farming present lucrative prospects for market growth.
The rise in indoor and vertical farming practices, growing population, increasing demand for year-round produce, advancements in LED technology, legalization of cannabis, government support for sustainable agriculture, and the rising awareness of energy-efficient and controlled environment agriculture practices are the major drivers for global horticulture lighting market growth.

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