The Global Horticulture Lighting Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Horticulture Lighting market and its key elements. The report is curated to give readers and businesses a competitive advantage over other industry players. It was developed through extensive primary and secondary research. The study provides in-depth analysis of the Horticulture Lighting market, including growth drivers, business opportunities, areas with promising growth, and forecast estimates through 2028. In order to provide precise projections of the Horticulture Lighting market in the upcoming years, the report analyses historical data and the present situation. The study also offers a thorough analysis of the elements that could either support or hinder market expansion in the upcoming years. The report provides a thorough estimation of the overall impact of the pandemic on the Horticulture Lighting market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Horticulture Lighting market.
The global horticulture lighting market size is expected to reach USD 11.27 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for environmentally friendly and energy-efficient Light-Emitting Diode (LED) systems in horticulture to maximize crop yield and reduce energy consumption. Development of new and more advanced technologies related with smart agriculture is expected to drive growth of the global horticulture lighting market going ahead. Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.
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Some players analyzed in the report are:
Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting
The report further divides the Horticulture Lighting market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Horticulture Lighting market.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report also studies the key companies of the Horticulture Lighting market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
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This report is the latest document encompassing the massive changes that took place in the Horticulture Lighting market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Horticulture Lighting market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
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Lighting Type Outlook (Revenue, USD Billion; 2018–2028)
- Interlighting
- Toplighting
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Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Others
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Application Outlook (Revenue, USD Billion; 2018–2028)
- Indoor farms
- Vertical farms
- Greenhouses
- Others
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Horticulture Lighting market?
What are the key product types and applications of the Horticulture Lighting industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Horticulture Lighting market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Horticulture Lighting Market by 2027?
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