Market Overview

The Global Horticulture Lighting market has been thoroughly examined by Maximize Market Research. This research has identified all of the leading companies and factors in the market based on several metrics such as volume, share, growth, strategies, and so on. The research goes on to look at the elements that influence market growth. The paper also identifies and states the trends affecting growth. Other considerations discussed in the research include risks and problems faced by numerous players.

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Report Scope

MMR's research is a thorough examination of the Global Horticulture Lighting market; it also identifies all of the top companies in the global market based on variables such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and those looking to enter the market. The summarization is predicted to aid and boost their market standing.

Segmentation:

Based on technology, the LED luminaire segment is expected to lead the horticultural lighting market in 2021 and achieve a market revenue of over US$ xx million by 2029, at a CAGR of xx%. These lights are energy efficient, with additional benefits such as low heat generation, compact size and long lifespan of 30,000-50,000+ hours. A long service life ensures high reliability. The technology is very inexpensive compared to other artificial light sources and allows farmers to control light intensity to suit different plants and crops. These factors have led to the widespread acceptance of LED lights in greenhouses and indoor agricultural processes.

Geographically, the horticultural lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe will hold a prominent market share of xx% in 2021 and is expected to reach USD 1 million by the end of 2029 at a CAGR of xx%. Thanks to the growing demand for horticultural lighting in greenhouses, vertical farming and indoor farming applications. Europe is the world's largest exporter and producer of fruits, flowers and vegetables. The European Union's initiative to promote LED grow lights could bring various growth opportunities for his LED module and lamp manufacturers in the region. A well-known lighting company is established and its European branch drives the growth of the regional market.

North America will hold the second largest market share of xx% in 2021 and is expected to grow at a CAGR of xx% by the end of 2029, owing to the prevalence of greenhouses and adoption of new cultivation techniques in the region. Increased investment in research and development activities to introduce advanced horticultural lighting is expected to fuel the growth of the region in the near future. The Asia-Pacific market is expected to grow at a high CAGR of xx% during the forecast period, owing to rising disposable income and population. With limited agricultural land available, developing countries in the region are turning to modern cultivation techniques such as indoor gardening, greenhouses and vertical farming. 

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Questions Answered In The Report:

• What is the market size and forecast of the Global Global Horticulture Lighting market?
• What are the factors affecting the market?
• Impact of COVID-19 on the global market?
• What are the market trends and strategies?

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 Global Global Horticulture Lighting Market Key Players

• Signify Holding
• Gavita International B.V.
• GE Lighting
• OSRAM GmbH
• Agrolux
• Heliospectra AB
• Hortilux Schréder B.V.
• Lumileds Holding B.V.
• PARsource
• Illumitex Inc.
• Hubbell Inc.
• Maxigrow
• Bridgelux
• Eye Hortilux
• Lumigrow
• Excite LED Grow Lights
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting s.r.o.
• Hortisystems UK Ltd
• ProGrowTech
• Ronfell Group
• SAMSUNG Electronics Co. Ltd.
• BSSLED Manufacturing Ltd.
• Forge Europa
• Cropmaster LED
• TE Connectivity Ltd.
• Cree, Inc.
• DiCon Lighting
• Valoya
• EVERLIGHT

Global Horticulture Lighting Market Regional Analysis

The global level report for Global Horticulture Lighting market provides the detailed region wise share distribution along with the demand growth factors in that particular region.

The following is the basic structure that how and what regions are explained in the report.

Based on the regions the market is studied across

• Europe(France, Italy, Russia, UK, Turkey and Germany etc.).
• Asia-Pacific (Vietnam, Malaysia, Korea, Philippines, Thailand, , China, Australia, Indonesia, and India, Japan).
• Africa and the Middle East (Egypt and GCC Countries.).
• North America(Canada, the United States, and Mexico.).
• South America(Brazil etc.).

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