Market Overview:
The global horticultural lighting market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for horticultural products, technological advancements in LED lighting, and rising awareness about the benefits of using horticultural lighting. The global horticultural lighting market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into toplighting and interlighting. Toplighting dominates the global horticultural lighting market owing to its advantages such as high photosynthetic photon flux (PPF) and PAR values that help in better crop yield.
Product Definition:
Horticultural Lighting is a type of artificial lighting that is used to stimulate plant growth. It can be used to supplement natural sunlight, or it can be used to provide light in areas where there is not enough natural sunlight. Horticultural Lighting is important because it can help plants grow faster and produce more flowers or fruit.
Toplighting:
Toplighting is the practice of lighting a plant's leaves to enhance its appearance. It can be used for both indoor and outdoor plants, though it is most commonly employed for houseplant cultivation. The technique has been around since at least the early 20th century; however, modern toplighting techniques have significantly advanced over that time due to developments in light sources as well as fixtures.
Interlighting:
Interlighting is a method of lighting in which the light source is placed between the glass globe and reflector. It produces an even light, with no hot spots and has high quality color rendering. The interlinking process involves soldering or brazing two or more filaments together to form one continuous flexible wire that can be wound around a metal support pole.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. This is attributed to the increasing demand for horticultural lighting solutions in residential and commercial applications, such as grow-rooms, plant labs, research laboratories and education centers. Furthermore, technological advancements have also paved new avenues for indoor farming across various regions with an increase in efficiency and production levels. As a result, this industry is expected to witness significant growth during the forecast period.
Greenhouses are projected to be one of the fastest-growing application segments during the forecast period owing to increased consumer spending on luxury gardening products and services along with growing awareness regarding sustainable agriculture practices worldwide. Vertical farming has gained considerable popularity among consumers seeking high yield food crops at lower costs from vertical farms located near supermarkets or retail stores that sell specialty fruits and vegetables directly to customers' homes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the presence of key horticultural producing countries such as China, India, and Japan. The region is expected to maintain its dominance over the forecast period due to increasing awareness among farmers regarding advanced technologies for crop cultivation. Moreover, government initiatives promoting vertical farming are anticipated to further propel regional growth. For instance, in October 2018, The Chinese Government announced plans for building a network of high-tech vertical farms that can produce 10 times more food than traditional agriculture methods with less land and water usage.
Europe accounted for a significant share in terms of revenue generation owing to an increase in demand from countries including Spain and Italy where greenhouse cultivation is prevalent at higher levels as compared to other European countries. In addition there has been an increase in public investment towards development of greenhouses which will boost regional growth further over the forecast period In September 2016; Monbulk Ltd.
Growth Factors:
- Increasing demand for horticultural lighting from the agriculture sector to improve crop yield and quality.
- Rising awareness about the benefits of horticultural lighting among end-users, which is expected to boost demand for these products over the forecast period.
- Growing popularity of LED technology in horticultural lighting, owing to its energy efficiency and low heat emission properties.
- Proliferation of online retail platforms that offer a wide range of horticultural lighting products, making them easily accessible to consumers across different regions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Horticultural Lighting Market Research Report
By Type
Toplighting, Interlighting
By Application
Greenhouses, Vertical Farming, Indoor Farming, Others
By Companies
Signify, Gavita Holland, GE Lighting, OSRAM, Agrolux, Heliospectra, Hortilux Schreder, Lumileds, PARsource, Illumitex, Signify
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Horticultural Lighting Market Report Segments:
The global Horticultural Lighting market is segmented on the basis of:
Types
Toplighting, Interlighting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Greenhouses, Vertical Farming, Indoor Farming, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Signify
- Gavita Holland
- GE Lighting
- OSRAM
- Agrolux
- Heliospectra
- Hortilux Schreder
- Lumileds
- PARsource
- Illumitex
- Signify
Highlights of The Horticultural Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Toplighting
- Interlighting
- By Application:
- Greenhouses
- Vertical Farming
- Indoor Farming
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Horticultural Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Horticultural lighting is a type of artificial light used in horticulture, specifically for plant growth and production. It includes both general-purpose and specialized types of lighting, such as grow lights, flowering lights, and sun lamps.
Some of the major companies in the horticultural lighting market are Signify, Gavita Holland, GE Lighting, OSRAM, Agrolux, Heliospectra, Hortilux Schreder, Lumileds, PARsource, Illumitex, Signify.
The horticultural lighting market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horticultural Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Horticultural Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horticultural Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Horticultural Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Horticultural Lighting Market Size & Forecast, 2018-2028
4.5.1 Horticultural Lighting Market Size and Y-o-Y Growth
4.5.2 Horticultural Lighting Market Absolute $ Opportunity
Chapter 5 Global Horticultural Lighting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Horticultural Lighting Market Size Forecast by Type
5.2.1 Toplighting
5.2.2 Interlighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Horticultural Lighting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Horticultural Lighting Market Size Forecast by Applications
6.2.1 Greenhouses
6.2.2 Vertical Farming
6.2.3 Indoor Farming
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horticultural Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Horticultural Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Horticultural Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Horticultural Lighting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Horticultural Lighting Market Size Forecast by Type
9.6.1 Toplighting
9.6.2 Interlighting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Horticultural Lighting Market Size Forecast by Applications
9.10.1 Greenhouses
9.10.2 Vertical Farming
9.10.3 Indoor Farming
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Horticultural Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Horticultural Lighting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Horticultural Lighting Market Size Forecast by Type
10.6.1 Toplighting
10.6.2 Interlighting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Horticultural Lighting Market Size Forecast by Applications
10.10.1 Greenhouses
10.10.2 Vertical Farming
10.10.3 Indoor Farming
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Horticultural Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Horticultural Lighting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Horticultural Lighting Market Size Forecast by Type
11.6.1 Toplighting
11.6.2 Interlighting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Horticultural Lighting Market Size Forecast by Applications
11.10.1 Greenhouses
11.10.2 Vertical Farming
11.10.3 Indoor Farming
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Horticultural Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Horticultural Lighting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Horticultural Lighting Market Size Forecast by Type
12.6.1 Toplighting
12.6.2 Interlighting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Horticultural Lighting Market Size Forecast by Applications
12.10.1 Greenhouses
12.10.2 Vertical Farming
12.10.3 Indoor Farming
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Horticultural Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Horticultural Lighting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Horticultural Lighting Market Size Forecast by Type
13.6.1 Toplighting
13.6.2 Interlighting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Horticultural Lighting Market Size Forecast by Applications
13.10.1 Greenhouses
13.10.2 Vertical Farming
13.10.3 Indoor Farming
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Horticultural Lighting Market: Competitive Dashboard
14.2 Global Horticultural Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify
14.3.2 Gavita Holland
14.3.3 GE Lighting
14.3.4 OSRAM
14.3.5 Agrolux
14.3.6 Heliospectra
14.3.7 Hortilux Schreder
14.3.8 Lumileds
14.3.9 PARsource
14.3.10 Illumitex
14.3.11 Signify
