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Europe Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology, Application, and Cultivation

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    Report

  • 83 Pages
  • September 2020
  • Region: Europe
  • The Insight Partners
  • ID: 5180807
The horticulture lighting market in Europe is expected to grow from US$ 991.1 million in 2019 to US$ 3,767.9 million by 2027; it is estimated to grow at a CAGR of 18.8% from 2020 to 2027.

Surge in government initiatives is expected to boost the growth of the horticulture lighting market in Europe. Growing awareness about sustainable farming and increasing government initiatives in various developed as well as developing countries in Europe to support sustainability are expected to boost the adoption rate of horticultural lighting systems during the forecast period. For example, horticulturalists in the Netherlands, the second-largest exporter of agricultural products, are experimenting with the use of multi-colored LEDs for potential yield enhancement, product quality and taste improvement, as well as cost reduction of greenhouse energy. Moreover, the government of the Netherlands is focusing on the deployment of a geothermal heat plant, which involves drilling at great depths through stratum and installing heat exchangers. Through various incentives such as soft loans and tax breaks, the government has supported the growers. Furthermore, the legalization of cannabis for medicinal purposes by various governments in Europe over the past few years is accelerating the growth of the market. Europe is the most advanced region regarding cannabis legalization for medicinal purposes. Countries, such as the Netherlands, Germany, Italy, Romania, Norway, Poland, and Greece, have fully legalized medical cannabis access. Such initiatives taken by governments is one of the primary driving factor for the Europe horticulture lighting market. Moreover, rising population and advancements in greenhouse and indoor farming approaches are expected to positively influence the demand for horticulture lighting in Europe.

Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region due to COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they had to suspend their operations or substantially reduce their activities. In the region, imports of produce from countries, such as China, India, and South Africa, have slowed owing to this pandemic. However, Spain has increased its imports from Morocco since the start of the pandemic to guarantee the supply of fresh vegetables and fruits in Europe. Further, owing to lockdown across the region, there has been a halt in business operation. Various businesses in the countries of Europe either had to suspend their operations or reduce their activities in a substantial manner which resulted in supply and demand disruptions and thus affected the sales of companies operating in the region. All these factors are expected to have a direct impact on horticulture lighting market growth in European countries.

In terms of application, the greenhouses segment led the Europe horticulture lighting market in 2019. Horticulture are generally practiced in protected environment in case of greenhouses, that ensure optimum yield. Facilities like protected environment helps to trap and retain natural sunlight and humidity, which makes it suitable for growing variety of plants. In greenhouses and controlled environments, electric lamps are used to supplement sunlight and extend lighting times to produce horticultural crops, such as vegetables, flowers, and herbs. Plants can either be grown via a conventional method that uses soil as a base or through the hydroponic technique. Plants grown in greenhouses are protected against external factors such as dirt, and they can also be shielded from insects and pests with proper care. Moreover, the plants are protected in such settings from rain, hail, intense heat and sunlight, and snow. Several advantages of Greenhouses above other application ultimately drive the Europe horticulture lighting market.

The overall Europe horticulture lighting market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe horticulture lighting market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe horticulture lighting market. Key players operating in the Europe horticulture lighting market include Agrolux; General Electric Company; Heliospectra AB; Hortilux Schréder B. V; Hubbell, Inc.; Lumileds Holding B. V.; OSRAM Licht AG; and Signify N. V.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe horticulture lighting market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe horticulture lighting market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the horticulture lighting market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Europe Horticulture Lighting Market - By Technology
1.3.2 Europe Horticulture Lighting Market - By Application
1.3.3 Europe Horticulture Lighting Market - By Cultivation
1.3.4 Europe Horticulture Lighting Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Horticulture Lighting Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Horticulture Lighting Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Government Initiatives
5.1.2 Rising Population and Advancements in Greenhouse and Indoor Farming Approaches
5.2 Market Restraints
5.2.1 Insufficient Awareness and High Costs Involved
5.3 Market Opportunities
5.3.1 Increase in Importance of Vertical Farming
5.4 Future Trends
5.4.1 LED Lighting to Open New Growth Prospect
5.5 Impact Analysis of Drivers and Restraints
6. Horticulture Lighting Market - Europe Analysis
6.1 Europe Horticulture Lighting Market Overview
6.2 Europe Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Europe Horticulture Lighting Market Analysis - By Technology
7.1 Overview
7.2 Europe Horticulture Lighting Market, By Technology (2019 and 2027)
7.3 LED Lights
7.3.1 Overview
7.3.2 LED Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
7.4 High Intensity Discharge Lights
7.4.1 Overview
7.4.2 High Intensity Discharge Lights: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Fluorescent Lamps
7.5.1 Overview
7.5.2 Fluorescent Lamps: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
8. Europe Horticulture Lighting Market Analysis - By Application
8.1 Overview
8.2 Europe Horticulture Lighting Market, By Application (2019 and 2027)
8.3 Greenhouses
8.3.1 Overview
8.3.2 Greenhouses: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Vertical Farming
8.4.1 Overview
8.4.2 Vertical Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Indoor Farming
8.5.1 Overview
8.5.2 Indoor Farming: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
9. Europe Horticulture Lighting Market Analysis - By Cultivation
9.1 Overview
9.2 Europe Horticulture Lighting Market Breakdown, by Cultivation, 2019 & 2027
9.3 Fruits and Vegetables
9.3.1 Overview
9.3.2 Fruits and Vegetables Market Revenue and Forecast to 2027 (US$ Million)
9.4 Floriculture
9.4.1 Overview
9.4.2 Floriculture Market Revenue and Forecast to 2027 (US$ Million)
10. Europe Horticulture Lighting Market - Country Analysis
10.1 Overview
10.1.1 Europe: Horticulture Lighting Market, by Key Country
10.1.1.1 Germany: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Horticulture Lighting Market, by Technology
10.1.1.1.2 Germany: Horticulture Lighting Market, by Application
10.1.1.1.3 Germany: Horticulture Lighting Market, by Cultivation
10.1.1.2 France: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Horticulture Lighting Market, by Technology
10.1.1.2.2 France: Horticulture Lighting Market, by Application
10.1.1.2.3 France: Horticulture Lighting Market, by Cultivation
10.1.1.3 Italy: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Horticulture Lighting Market, by Technology
10.1.1.3.2 Italy: Horticulture Lighting Market, by Application
10.1.1.3.3 Italy: Horticulture Lighting Market, by Cultivation
10.1.1.4 UK: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Horticulture Lighting Market, by Technology
10.1.1.4.2 UK: Horticulture Lighting Market, by Application
10.1.1.4.3 UK: Horticulture Lighting Market, by Cultivation
10.1.1.5 Russia: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Horticulture Lighting Market, by Technology
10.1.1.5.2 Russia: Horticulture Lighting Market, by Application
10.1.1.5.3 Russia: Horticulture Lighting Market, by Cultivation
10.1.1.6 Rest of Europe: Horticulture Lighting Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Horticulture Lighting Market, by Technology
10.1.1.6.2 Rest of Europe: Horticulture Lighting Market, by Application
10.1.1.6.3 Rest of Europe: Horticulture Lighting Market, by Cultivation
11. Europe Horticulture Lighting Market- COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Agrolux
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Signify N.V.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Heliospectra AB
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Lumileds Holding B.V.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hortilux Schréder B.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 OSRAM Licht AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 General Electric Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hubbell, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Agrolux
  • General Electric Company
  • Heliospectra AB
  • Hortilux Schréder B.V
  • Hubbell, Inc.
  • Lumileds Holding B.V.
  • OSRAM Licht AG
  • Signify N.V.