Horticulture Lighting Market Share, Trends and Forecast 2032

 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.

Some of the key factors driving the growth of the global Horticulture Lighting market include expanding R&D efforts to develop novel Horticulture Lighting products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Horticulture Lighting

The COVID-19 pandemic had a significant negative influence on the market for Horticulture Lighting in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Horticulture Lighting were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Horticulture Lighting in 2020. Additionally, demand for Horticulture Lighting decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Horticulture Lighting market : Competitive Landscape

The prominent players operating in the Horticulture Lighting market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Horticulture Lighting market .

Some of the prominent players operating in the market are:

Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/horticulture-lighting-market

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Horticulture Lighting market ?

What are the key factors driving the Global Horticulture Lighting market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Horticulture Lighting market ?

Who are the distributors, traders, and dealers of Horticulture Lighting market ?

What are the Horticulture Lighting market opportunities and threats faced by the vendors in the Global Horticulture Lighting industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Lighting Type Outlook (Revenue, USD Billion; 2018–2028)

    • Interlighting
    • Toplighting

  • Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)

    • Light-Emitting Diode (LED)
    • High-Intensity Discharge (HID)
    • Others       

  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Indoor farms
    • Vertical farms
    • Greenhouses
    • Others

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Regional Bifurcation of the Horticulture Lighting market Includes:

  • 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)

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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