HORTICULTURE LIGHTING MARKET: EXPANDING INDOOR FARMING DRIVES DEMAND FOR ADVANCED LIGHTING SOLUTIONS

Horticulture Lighting Market: Expanding Indoor Farming Drives Demand for Advanced Lighting Solutions

Horticulture Lighting Market: Expanding Indoor Farming Drives Demand for Advanced Lighting Solutions

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Horticulture Lighting Market Size And Forecast by 2031

The Horticulture Lighting Market is experiencing significant growth, driven by increasing demand across various industries. The market size has been steadily expanding, indicating strong value creation and opportunities for businesses. Industry statistics highlight a rising market share for leading companies, fueled by innovative strategies and consumer-centrist offerings.

The scope of the Horticulture Lighting Market  is broad, encompassing diverse applications and sectors, which contribute to its sustained growth. Industry trends reveal an increasing focus on technology integration and sustainability, shaping the demand for advanced solutions. Revenue analysis shows positive momentum, with revenue forecasts projecting robust growth over the forecast period.

Data Bridge Market Research analyses that the Global Horticulture Lighting Market which was USD 2079.6 Million in 2022 is expected to reach USD 10273.2 Million by 2030 and is expected to undergo a CAGR of 19.70% during the forecast period of 2022 to 2030

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 Which are the top companies operating in the Horticulture Lighting Market?

The global Horticulture Lighting Market study presents a detailed analysis of the industry, focusing on key trends, market dynamics, and the competitive landscape. It highlights leading companies in the market, examining their strategies and contributions to market share. Additionally, the report offers insights into the Top 10 Companies in Horticulture Lighting Market in the Horticulture Lighting Market, including their business strategies, financial performance, and overall market position.

**Segments**

- **Type**
- LED Grow Lights
- High-Intensity Discharge (HID) Lights
- Fluorescent Grow Lights
- Others

- **Application**
- Vertical Farming
- Greenhouses
- Indoor Farming
- Others

- **Spectrum**
- Full Spectrum
- Partial Spectrum

The horticulture lighting market can be segmented based on type, application, and spectrum. In terms of type, the market is categorized into LED grow lights, high-intensity discharge (HID) lights, fluorescent grow lights, and others. LED grow lights are gaining popularity due to their energy efficiency and customizable spectrum options. HID lights are known for their high light intensity, making them suitable for larger commercial operations. Fluorescent grow lights are often used in smaller indoor gardening setups due to their cost-effectiveness. Regarding applications, horticulture lighting is utilized in vertical farming, greenhouses, indoor farming, and other settings. Different applications may require specific lighting setups to cater to the needs of various plant species. Spectrum plays a crucial role in plant growth, with options such as full spectrum and partial spectrum lighting available for different growth stages and plant types.

**Market Players**

- Signify Holding
- General Electric
- Osram
- Gavita International
- Heliospectra
- Hortilux Schreder
- Lumigrow
- Iwasaki Electric
- Illumitex
- LumiGrow

Key market players in the horticulture lighting industry include Signify Holding, General Electric, Osram, Gavita International, Heliospectra, Hortilux Schreder, Lumigrow, Iwasaki Electric, Illumitex, and LumiGrow. These companies offer a wide range of horticulture lighting solutions catering to various customer requirements. Signify Holding, formerly known as Philips Lighting, is a prominent player known for its innovative LEDThe horticulture lighting market is witnessing significant growth due to the increasing adoption of controlled environment agriculture practices to improve crop yield and quality. LED grow lights have emerged as a popular choice among growers due to their energy efficiency, long lifespan, and customizable spectrum options. LED technology allows growers to adjust the light spectrum according to the specific needs of different plant species and growth stages, contributing to improved photosynthesis and overall plant growth. Additionally, LED lights produce less heat compared to traditional lighting sources, reducing the risk of plant damage and allowing for closer light placement to the canopy.

High-intensity discharge (HID) lights, including metal halide and high-pressure sodium lamps, are favored for their high light intensity output, making them suitable for large-scale commercial operations such as greenhouse farming. HID lights are known for their ability to provide ample light coverage over a wide area, making them ideal for crops that require high light levels for optimal growth. While they may not be as energy-efficient as LED lights, HID lights remain a popular choice for growers looking to achieve high yields in a cost-effective manner.

Fluorescent grow lights are commonly used in smaller indoor gardening setups or for supplemental lighting in combination with other light sources. While fluorescent lights are not as powerful as HID or LED lights, they are cost-effective and easy to install, making them a suitable option for hobbyists or growers with limited space. Fluorescent lights are often used for seed starting, cloning, or growing plants that require lower light intensity levels.

In terms of application, horticulture lighting is utilized across various settings, including vertical farming, greenhouses, and indoor farming facilities. Vertical farming, a method of growing crops in vertically stacked layers, often in controlled environments, requires specialized lighting solutions to ensure uniform light distribution across multiple crop layers. LED grow lights are particularly well-suited for vertical farming due to their compact size, low heat emissions, and energy efficiency.

Greenhouse farming relies heavily on horticultural lighting to extend the growing season**Market Players**

- Signify Holding
- General Electric
- Osram
- Gavita International
- Heliospectra
- Hortilux Schreder
- Lumigrow
- Iwasaki Electric
- Illumitex
- LumiGrow
- OSRAM AG
- Samsung
- ACUITY BRANDS, INC.
- The Scotts Company LLC
- EVERLIGHT ELECTRONICS CO., LTD.
- TE Connectivity
- Cree LED, an SGH company.
- UPSHINE Lighting
- SAVANT TECHNOLOGIES LLC
- Valoya, Inc.
- Hortilux Schréder
- excite LED Grow Lights
- Horticulture Lighting Group
- Thrive Agritech
- California LightWorks
- Agnetix
- Active Grow
- Heliospectra
- Midstream Ltd.
- Forge Europa
- TESLUX Lighting s.r.o.
- The Ronfell Group

The horticulture lighting market is experiencing significant growth driven by the rising adoption of controlled environment agriculture practices aiming to enhance crop yield and quality. LED grow lights have become a preferred choice for growers due to their energy efficiency, extended lifespan, and customizable spectrum options. LED technology enables growers to tailor the light spectrum to suit specific plant species and growth stages, leading to enhanced photosynthesis and plant development. Moreover, LED lights emit less heat compared to traditional sources, reducing the risk of plant damage and enabling closer

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 Why B2B Companies Worldwide Choose Us for Revenue Growth and Sustainability



  • Gain a clear understanding of the Horticulture Lighting Market, its operations, and stages in the value chain.

  • Explore the current market scenario and assess future growth potential throughout the forecast period.

  • Strategize effectively for marketing, market entry, expansion, and business plans by analyzing growth factors and buyer behavior.

  • Stay ahead of competitors by studying their business models, strategies, and prospects.

  • Make data-driven decisions with access to comprehensive primary and secondary research.


Key Insights from the Global Global Horticulture Lighting Market :



  • Comprehensive Market Overview: A detailed examination of the global Horticulture Lighting Market.

  • Industry Trends and Projections: Analysis of historical data (2015 onward) and future growth forecasts, including compound annual growth rates (CAGRs).

  • Emerging Opportunities: Identification of new market prospects and targeted marketing strategies.

  • Focus on R&D: Insights into demand for new product launches and innovative applications.

  • Leading Player Profiles: Detailed profiles of major market participants.

  • Market Composition: Analysis of dynamic molecule types, targets, and key resources.

  • Revenue Growth: Examination of global market revenue, segmented by key players and product categories.

  • Commercial Opportunities: Analysis of sales trends, licensing deals, and co-development opportunities.


Regional Insights and Language Accessibility



  • North America: United States, copyright, Mexico

  • Europe: Germany, France, UK, Russia, Italy

  • Asia-Pacific: China, Japan, Korea, India, Southeast Asia

  • South America: Brazil, Argentina, Colombia, and others

  • Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa


Understanding market trends at a regional level is crucial for effective decision-making. Our reports cater to diverse audiences by offering localized analyses in multiple regional languages. These reports provide tailored insights for specific regions, enabling businesses and stakeholders to access relevant information for informed strategies. By bridging communication gaps, we empower regional markets to thrive and grow. Access our reports in your preferred language for a personalized understanding of industry dynamics.

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