The worldwide population is expected to increase to 8.5 billion by 2030, from 7.7 billion in 2019, as per the United Nations Department of Economic and Social Affairs (UN-DESA). Additionally, the disposable income of people is also rising, and the two factors are together resulting in a growing demand for food products.
To increase the yield, by making the best use of the available land, several countries are developing indoor farming techniques. Thus, with the population boom, the revenue generated in the global horticulture lighting market is expected to rise from $3.2 billion in 2019 to $20.3 billion by 2030, at a CAGR of 18.1% during 2020–2030 (forecast period).
Light-Emitting Diode (LED) to Dominate Market during Forecast Period
Till 2030, LED would continue holding the largest revenue share in the horticulture lighting market, as this technology is quite cost-effective and lets farmers control the light intensity to suit different plants and crops. These factors are resulting in a high adoption of LED lights in greenhouse and indoor agricultural processes.
During the forecast period, the flowers bifurcation is expected to witness significant horticulture lighting market growth, as the demand for flower buds and cut flowers for decorative purposes is surging. From 2017, the exports of such products rose by 2.5%, to garner $6.6 billion in revenue in 2018, as per Trade Map. Currently, Europe’s flower exports account for the highest revenue, followed by Latin America (LATAM), Asia-Pacific (APAC), Middle East and Africa (MEA), and North America.
In 2019, top lighting dominated the horticulture lighting market, as this type of lighting is vastly used for vertical farming, wherein the lights are placed close to the plants. Similarly, in indoor farming, the lamps and bulbs are suspended for the ceiling, because it creates optimum conditions for the growth of plants.
In the coming years, the fastest growth in the horticulture lighting market is projected to be experienced by the indoor/vertical farming division. The rapid increase in population and urbanization rate is leading to the shrinking of cultivable land, which is forcing the agrarian community to adopt indoor farming methods. Additionally, farmers are being offered financial support, to install vertical farms, by companies such as Toshiba Corporation and Panasonic Corporation.
Europe was the largest horticulture lighting market during the historical period (2014–2019). This is because it is the largest exporter as well as producer of fruits, flowers, and vegetables around the world. During the forecast period, the highest CAGR, of 21.1%, would be experienced in Asia-Pacific, owing to its increasing disposable income and population. Further, as a result the reducing arable area, numerous countries in the region are looking at modern farming techniques, such as indoor horticulture, greenhouse, and vertical farming.
Market Players Strongly Pursuing Client Wins to Better their Position
In the recent years, several players in the horticulture lighting market have successfully pursued client wins to increase their sales and strengthen their position in the industry. For instance, a Canadian licensed producer of recreational and medicinal marijuana selected LumiGrow Inc. as its LED lighting partner in May 2019, for its six-acre cannabis greenhouse expansion project.
Similarly, in October 2019, Heliospectra AB received a $7.46 million (SEK 72 million) order for its MITRA LED lights from Nectar Farms in Victoria, Australia. The lights will be installed at a tomato-based glasshouse at Nectar Farms.
The competition in the global horticulture lighting market is primarily among Cree Inc., Samsung Electronics Co. Ltd., Lumileds Holding B.V., EPISTAR Corporation, Everlight Electronics Co. Ltd., Osram Licht AG, Broadcom Inc., Signify N.V., Illumitex Inc., Hubbell Incorporated, Hortilux Schréder B.V., LumiGrow Inc., General Electric Company, and Heliospectra AB, as they are the largest companies in the domain.
Table of Contents
Chapter 1. Research Background1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Technology
1.3.3 Market Segmentation by Cultivation
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Top lighting
4.1.1.2 Interlighting
4.1.2 By Technology
4.1.2.1 LED
4.1.2.2 Fluorescent
4.1.2.3 HID
4.1.2.4 Others
4.1.3 By Cultivation
4.1.3.1 Fruits and vegetables
4.1.3.2 Flowers
4.1.4 By Application
4.1.4.1 Indoor/vertical farming
4.1.4.2 Greenhouse farming
4.1.4.3 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing popularity of vertical farming
4.3.2 Drivers
4.3.2.1 Growing demand for agricultural products
4.3.2.2 Increasing government support toward energy-efficient lighting solutions
4.3.2.3 Legalization of cannabis for medical purposes
4.3.2.4 Impact analysis of drivers on the market forecast
4.3.3 Restraints
4.3.3.1 Production of a limited variety of crops
4.3.3.2 High cost of LED grow lights
4.3.3.3 Impact analysis of restraints on the market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand in developing countries
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Technology
5.3 By Cultivation
5.4 By Application
5.5 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Technology
6.3 By Cultivation
6.4 By Application
6.5 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.2 By Technology
7.3 By Cultivation
7.4 By Application
7.5 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.2 By Technology
8.3 By Cultivation
8.4 By Application
8.5 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.2 By Technology
9.3 By Cultivation
9.4 By Application
9.5 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.2 By Technology
10.3 By Cultivation
10.4 By Application
10.5 By Country
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Ranking of Key Market Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Key Players
11.5 Strategic Developments of Key Players
11.5.1 Product Launches
11.5.2 Client Wins
11.5.3 Partnerships
11.5.4 Mergers and Acquisitions
Chapter 12. Company Profiles
12.1 Cree Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Lumileds Holding B.V.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 Osram Licht AG
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.4 Samsung Electronics Co. Ltd.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.5 Everlight Electronics Co. Ltd.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.6 EPISTAR Corporation
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.7 Broadcom Inc.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.8 Hubbell Incorporated
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.9 General Electric C ompany
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.1 Signify N.V.
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.11 LumiGrow Inc.
12.11.1 Business Overview
12.11.2 Product and Service Offerings
12.12 Hortilux Schréder B.V.
12.12.1 Business Overview
12.12.2 Product and Service Offerings
12.13 Heliospectra AB
12.13.1 Business Overview
12.13.2 Product and Service Offerings
12.13.3 Key Financial Summary
12.14 Illumitex Inc.
12.14.1 Business Overview
12.14.2 Product and Service Offerings
Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports
List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 5 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 6 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 7 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 8 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 9 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 10 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 11 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 12 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2014-2019)
TABLE 13 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2020-2030)
TABLE 14 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 15 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 16 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 17 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 18 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 19 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 20 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 21 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 22 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 23 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 24 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 25 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 26 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 27 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 28 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 29 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 30 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 31 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 32 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 33 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 34 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 35 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 36 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 37 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 38 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 39 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 40 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 41 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 42 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 43 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 44 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 45 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 46 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 47 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 48 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 49 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 50 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 51 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 52 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 53 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 54 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 55 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 56 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 57 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 58 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 59 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 60 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 61 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 62 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 63 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 64 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 65 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 66 CREE INC. - AT A GLANCE
TABLE 67 CREE INC. - KEY FINANCIAL SUMMARY
TABLE 68 LUMILEDS HOLDING B.V. - AT A GLANCE
TABLE 69 OSRAM LICHT AG - AT A GLANCE
TABLE 70 OSRAM LICHT AG - KEY FINANCIAL SUMMARY
TABLE 71 SAMSUNG ELECTRONICS CO. LTD. - AT A GLANCE
TABLE 72 SAMSUNG ELECTRONICS CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 73 EVERLIGHT ELECTRONICS CO. LTD. - AT A GLANCE
TABLE 74 EVERLIGHT ELECTRONICS CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 75 EPISTAR CORPORATION - AT A GLANCE
TABLE 76 EPISTAR CORPORATION - KEY FINANCIAL SUMMARY
TABLE 77 BROADCOM INC. - AT A GLANCE
TABLE 78 BROADCOM INC. - KEY FINANCIAL SUMMARY
TABLE 79 HUBBELL INCORPORATED - AT A GLANCE
TABLE 80 HUBBELL INCORPORATED - KEY FINANCIAL SUMMARY
TABLE 81 GENERAL ELECTRIC COMPANY - AT A GLANCE
TABLE 82 GENERAL ELECTRIC COMPANY - KEY FINANCIAL SUMMARY
TABLE 83 SIGNIFY N.V. - AT A GLANCE
TABLE 84 SIGNIFY N.V. - KEY FINANCIAL SUMMARY
TABLE 85 LUMIGROW INC. - AT A GLANCE
TABLE 86 HORTILUX SCHRÉDER B.V. - AT A GLANCE
TABLE 87 HELIOSPECTRA AB - AT A GLANCE
TABLE 88 HELIOSPECTRA AB - KEY FINANCIAL SUMMARY
TABLE 89 ILLUMITEX INC. - AT A GLANCEList of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 GLOBAL HORTICULTURE LIGHTING MARKET SUMMARY
FIG 9 VALUE CHAIN ANALYSIS
FIG 10 BARGAINING POWER OF BUYERS
FIG 11 BARGAINING POWER OF SUPPLIERS
FIG 12 INTENSITY OF RIVALRY
FIG 13 THREAT OF NEW ENTRANTS
FIG 14 THREAT OF SUBSTITUTES
FIG 15 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 16 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 17 GLOBAL CROP PRODUCTION IN BILLION METRIC TONS (2014-2017)
FIG 18 GLOBAL APPLE PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 19 GLOBAL GRAPE PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 20 GLOBAL PEAR PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 21 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 22 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 23 WORLDWIDE MAJOR MARKETS FOR HORTICULTURE LIGHTING
FIG 24 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2014-2030)
FIG 25 NORTH AMERICA HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 26 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 27 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 28 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 29 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 30 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 31 EUROPE HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 32 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 33 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 34 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 35 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 36 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 37 APAC HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 38 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 39 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 40 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 41 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 42 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 43 LATAM HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 44 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 45 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 46 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 47 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 48 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 49 MEA HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 50 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 51 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 52 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 53 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 54 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 55 RANKING OF KEY HORTICULTURE LIGHTING MARKET PLAYERS
FIG 56 RECENT ACTIVITIES OF KEY PLAYERS (2019)
FIG 57 CREE INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 58 OSRAM LICHT AG - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 59 SAMSUNG ELECTRONICS CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 60 EVERLIGHT ELECTRONICS CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 61 EPISTAR CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 62 BROADCOM INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 63 HUBBELL INCORPORATED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 64 GENERAL ELECTRIC COMPANY - REVENUE S PLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 65 SIGNIFY N.V. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Technology
1.3.3 Market Segmentation by Cultivation
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Top lighting
4.1.1.2 Interlighting
4.1.2 By Technology
4.1.2.1 LED
4.1.2.2 Fluorescent
4.1.2.3 HID
4.1.2.4 Others
4.1.3 By Cultivation
4.1.3.1 Fruits and vegetables
4.1.3.2 Flowers
4.1.4 By Application
4.1.4.1 Indoor/vertical farming
4.1.4.2 Greenhouse farming
4.1.4.3 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing popularity of vertical farming
4.3.2 Drivers
4.3.2.1 Growing demand for agricultural products
4.3.2.2 Increasing government support toward energy-efficient lighting solutions
4.3.2.3 Legalization of cannabis for medical purposes
4.3.2.4 Impact analysis of drivers on the market forecast
4.3.3 Restraints
4.3.3.1 Production of a limited variety of crops
4.3.3.2 High cost of LED grow lights
4.3.3.3 Impact analysis of restraints on the market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand in developing countries
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Technology
5.3 By Cultivation
5.4 By Application
5.5 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Technology
6.3 By Cultivation
6.4 By Application
6.5 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.2 By Technology
7.3 By Cultivation
7.4 By Application
7.5 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.2 By Technology
8.3 By Cultivation
8.4 By Application
8.5 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.2 By Technology
9.3 By Cultivation
9.4 By Application
9.5 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.2 By Technology
10.3 By Cultivation
10.4 By Application
10.5 By Country
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Ranking of Key Market Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Key Players
11.5 Strategic Developments of Key Players
11.5.1 Product Launches
11.5.2 Client Wins
11.5.3 Partnerships
11.5.4 Mergers and Acquisitions
Chapter 12. Company Profiles
12.1 Cree Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Lumileds Holding B.V.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 Osram Licht AG
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.4 Samsung Electronics Co. Ltd.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.5 Everlight Electronics Co. Ltd.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.6 EPISTAR Corporation
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.7 Broadcom Inc.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.8 Hubbell Incorporated
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.9 General Electric C ompany
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.1 Signify N.V.
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.11 LumiGrow Inc.
12.11.1 Business Overview
12.11.2 Product and Service Offerings
12.12 Hortilux Schréder B.V.
12.12.1 Business Overview
12.12.2 Product and Service Offerings
12.13 Heliospectra AB
12.13.1 Business Overview
12.13.2 Product and Service Offerings
12.13.3 Key Financial Summary
12.14 Illumitex Inc.
12.14.1 Business Overview
12.14.2 Product and Service Offerings
Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports
List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 5 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 6 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 7 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 8 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 9 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 10 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 11 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 12 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2014-2019)
TABLE 13 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2020-2030)
TABLE 14 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 15 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 16 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 17 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 18 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 19 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 20 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 21 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 22 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 23 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 24 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 25 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 26 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 27 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 28 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 29 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 30 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 31 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 32 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 33 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 34 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 35 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 36 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 37 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 38 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 39 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 40 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 41 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 42 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 43 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 44 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 45 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 46 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 47 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 48 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 49 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 50 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 51 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 52 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 53 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 54 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2019)
TABLE 55 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2020-2030)
TABLE 56 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2019)
TABLE 57 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2020-2030)
TABLE 58 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2019)
TABLE 59 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2020-2030)
TABLE 60 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2019)
TABLE 61 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2020-2030)
TABLE 62 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 63 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 64 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 65 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 66 CREE INC. - AT A GLANCE
TABLE 67 CREE INC. - KEY FINANCIAL SUMMARY
TABLE 68 LUMILEDS HOLDING B.V. - AT A GLANCE
TABLE 69 OSRAM LICHT AG - AT A GLANCE
TABLE 70 OSRAM LICHT AG - KEY FINANCIAL SUMMARY
TABLE 71 SAMSUNG ELECTRONICS CO. LTD. - AT A GLANCE
TABLE 72 SAMSUNG ELECTRONICS CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 73 EVERLIGHT ELECTRONICS CO. LTD. - AT A GLANCE
TABLE 74 EVERLIGHT ELECTRONICS CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 75 EPISTAR CORPORATION - AT A GLANCE
TABLE 76 EPISTAR CORPORATION - KEY FINANCIAL SUMMARY
TABLE 77 BROADCOM INC. - AT A GLANCE
TABLE 78 BROADCOM INC. - KEY FINANCIAL SUMMARY
TABLE 79 HUBBELL INCORPORATED - AT A GLANCE
TABLE 80 HUBBELL INCORPORATED - KEY FINANCIAL SUMMARY
TABLE 81 GENERAL ELECTRIC COMPANY - AT A GLANCE
TABLE 82 GENERAL ELECTRIC COMPANY - KEY FINANCIAL SUMMARY
TABLE 83 SIGNIFY N.V. - AT A GLANCE
TABLE 84 SIGNIFY N.V. - KEY FINANCIAL SUMMARY
TABLE 85 LUMIGROW INC. - AT A GLANCE
TABLE 86 HORTILUX SCHRÉDER B.V. - AT A GLANCE
TABLE 87 HELIOSPECTRA AB - AT A GLANCE
TABLE 88 HELIOSPECTRA AB - KEY FINANCIAL SUMMARY
TABLE 89 ILLUMITEX INC. - AT A GLANCEList of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 GLOBAL HORTICULTURE LIGHTING MARKET SUMMARY
FIG 9 VALUE CHAIN ANALYSIS
FIG 10 BARGAINING POWER OF BUYERS
FIG 11 BARGAINING POWER OF SUPPLIERS
FIG 12 INTENSITY OF RIVALRY
FIG 13 THREAT OF NEW ENTRANTS
FIG 14 THREAT OF SUBSTITUTES
FIG 15 GLOBAL HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 16 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 17 GLOBAL CROP PRODUCTION IN BILLION METRIC TONS (2014-2017)
FIG 18 GLOBAL APPLE PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 19 GLOBAL GRAPE PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 20 GLOBAL PEAR PRODUCTION IN THOUSAND METRIC TONS (2016-2019)
FIG 21 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 22 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 23 WORLDWIDE MAJOR MARKETS FOR HORTICULTURE LIGHTING
FIG 24 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION, $M (2014-2030)
FIG 25 NORTH AMERICA HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 26 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 27 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 28 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 29 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 30 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 31 EUROPE HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 32 EUROPE HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 33 EUROPE HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 34 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 35 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 36 EUROPE HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 37 APAC HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 38 APAC HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 39 APAC HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 40 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 41 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 42 APAC HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 43 LATAM HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 44 LATAM HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 45 LATAM HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 46 LATAM HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 47 LATAM HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 48 LATAM HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 49 MEA HORTICULTURE LIGHTING MARKET SNAPSHOT
FIG 50 MEA HORTICULTURE LIGHTING MARKET, BY TYPE, $M (2014-2030)
FIG 51 MEA HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, $M (2014-2030)
FIG 52 MEA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, $M (2014-2030)
FIG 53 MEA HORTICULTURE LIGHTING MARKET, BY APPLICATION, $M (2014-2030)
FIG 54 MEA HORTICULTURE LIGHTING MARKET, BY COUNTRY, $M (2014-2030)
FIG 55 RANKING OF KEY HORTICULTURE LIGHTING MARKET PLAYERS
FIG 56 RECENT ACTIVITIES OF KEY PLAYERS (2019)
FIG 57 CREE INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 58 OSRAM LICHT AG - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 59 SAMSUNG ELECTRONICS CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 60 EVERLIGHT ELECTRONICS CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 61 EPISTAR CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 62 BROADCOM INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 63 HUBBELL INCORPORATED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 64 GENERAL ELECTRIC COMPANY - REVENUE S PLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 65 SIGNIFY N.V. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Companies Mentioned
- Cree Inc.
- Lumileds Holding B.V.
- Osram Licht AG
- Samsung Electronics Co. Ltd.
- Everlight Electronics Co. Ltd.
- EPISTAR Corporation
- Broadcom Inc.
- Hubbell Incorporated
- General Electric C ompany
- Signify N.V.
- LumiGrow Inc.
- Hortilux Schréder B.V.
- Heliospectra AB
- Illumitex Inc.
Methodology
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