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Horticultural Lighting: Market Analysis and Forecast 2018

  • ID: 4760645
  • Report
  • November 2018
  • Region: Global
  • 108 Pages
  • Strategies Unlimited
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There are several factors currently influencing the produce, ornamental, and legal cannabis markets today.

Produce

  • The planet’s population continues to grow, while access to arable land is decreasing due to several factors, including; climate change, soil salinization, pollution, and desertification.
  • There is an increased demand for locally grown produce in some areas of the world.
  • The density of population centres is increasing globally, making vertical farms more appealing.
  • Increased research on how light affects plant growth is advancing quickly for a variety of food crops.
  • The demand for organic and locally sourced products increases as a country’s GDP goes up.

Ornamental

  • Expenditure on floriculture products in major markets like the United States and Europe stagnated with weakened economies, but finds itself growing again as markets continue to improve.
  • Dominant exporting countries like the Netherlands are seeing slipping market share in favour of exporting countries located close to the equator (e.g., Colombia, Malaysia, Ecuador, etc.), which can produce these flowers in a more cost efficient manner and can export their products more easily by sea as improved logistic techniques make long haul.

Cannabis

  • Legalization of medical cannabis continues throughout many regions of the globe, including several US states.
  • Legalization of recreational cannabis is expanding, as several US states have recently voted on its legalization, and as Canada legalized its consumption federally.

These environmental, geopolitical, and economic factors are all having an impact on the overall potential market for greenhouse and indoor grow facilities for these products, which in turn influences the overall quantity and type of supplemental and grow lighting used in these facilities.

The horticulture lighting market is one of the most exciting potential markets for LED technologies to have a massive impact. Incumbent lighting technologies, including high pressure sodium, metal halide and fluorescent to name a few, are beginning to be replaced with LED.

While energy efficiency continues to be the main factor behind the adoption of LED technologies in the horticultural illumination market, additional benefits, including their low heat, tune-ability and controllability will all accelerate their acceptance into the growing horticulture market. The author has forecast that the horticultural lighting market will grow more than 180% in the next five years, with LED comprising the majority of this growth.

Note: Product cover images may vary from those shown
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1. Introduction
2. Definition of Plant Types
3. Definition of Applications
4. Key Parameters within Horticulture Lighting
5. McCree Curve
6. Lighting for Plants
7. Where is Supplemental Lighting Used
8. DLI of Plant Types
9. Horticultural Lighting Types and Evolution
10. Light Technologies
11. Increased Plant Productivity With Light
12. Codes and Regulations for Horticulture
13. Lighting
14. Payback of LED Lighting
15. The State of the Horticulture Market
16. Greenhouses
17. Methodology
18. Global Data
19. Global Summary
20. Greenhouses
21. Vertical Farms
22. North America
23. Market Breakdown
24. Greenhouses
25. Application Focus Cannabis
26. Vertical Farms
27. Europe
28. Market Breakdown
29. Greenhouses
30. Vertical Farms
31. Rest of the World
32. Market Breakdown
33. Greenhouses
34. Vertical Farms

Note: Product cover images may vary from those shown
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