Discover insights into the Global Horticulture Lighting Market size is valued at around USD 6.78 Billion in 2023 set to grow at CAGR of around 16.22% from 2024-30.

Latest Market Study report by MarkNtel Advisors: Leading market research company, Title “Global Horticulture Lighting Market- By Application (Indoor Farming, Greenhouse, Vertical Farming), By Technology (High-Intensity Discharge (HID) (LED, High-Pressure Sodium Lamp), Fluorescent (T5, CFL))” and other forecast 2024-30”.

This thorough report takes a close look at the industry, covering important areas like the Horticulture Lighting Market Size, how much it's growing, its development, and the top companies involved. It explores what's pushing the market forward, using data from the past, present, and future, as well as new trends, updates in technology, key insights, recent changes, potential challenges, and other factors that will impact the industry's future direction.

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Horticulture Lighting Market Growth Opportunity:

Growing farm-to-table trends encouraging the need for horticulture lights - With the advent of the farm-to-table concept, access to local food in cafeterias, restaurants, food joints, and other locations has become easier and more flexible. Hence, people are now developing an affinity for locally grown foods which is why they are expected to gain popularity across different markets within the hospitality industry in the coming years. And therefore, the need for such grow lights facilitating on-time delivery of yield in the case of farm-to-table restaurants arises. Such trends owing to their significant impact, are supposed to amplify market growth.

Horticulture Lighting Industry Segmentation:

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

Dividing the Horticulture Lighting market into various sections gives a brief snapshot. It aids businesses in grasping customer preferences and their locations. By segmenting the market into smaller categories based on buying behaviors and geography, companies can enhance their business tactics. This overview provides a simple roadmap to comprehend the market better.

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Competitor Insight – Leading Global Horticulture Lighting Market Player

  • 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

In this market competitor analysis section, we assess the performance of various companies relative to each other. We analyze their strong points and areas for improvement to grasp who is excelling and why. This enables us to discern which strategies are effective and what adjustments may be necessary to maintain competitiveness.

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