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Global Horticulture Lighting Market with COVID-19 Impact Analysis by Technology (Fluorescent, HID, LED), Application (Greenhouses, Vertical Farms, Indoor Farms), Cultivation, Lighting Type, Offering, Installation, and Region - Forecast to 2025

  • ID: 5205798
  • Report
  • November 2020
  • Region: Global
  • 235 Pages
  • Markets and Markets
The World's Horticulture Lighting Market Was Valued at USD 2.5 Billion in 2019 and is Projected to Reach USD 6 Billion by 2025; Growing at a CAGR of 21.4% from 2020 to 2025

FEATURED COMPANIES

  • Active Grow LLC
  • Agrolux
  • Econolux
  • Heliospectra AB
  • Hyperion Grow Lights
  • LumiGrow, Inc.

The global horticulture lighting market is projected to grow from USD 2.3 billion in 2020 to USD 6 billion by 2025; it is expected to grow at a CAGR of 21.4% from 2020 to 2025.

The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives to promote the adoption of CEA practices, growing demand for food owing to the continuously increasing population, and ongoing legalization of cannabis cultivation. Moreover, increasing the adoption of CEA facilities to meet the growing demand for fresh produce due to COVID-19, and increasing awareness regarding benefits provided by LED technology to grow crops through the year amid the COVID-19 pandemic could play a key role in driving the growth of the horticulture lighting market.

Rising penetration of LED lights in indoor farming due to their long lifespan, spectrum adjustability, and energy efficiency

The LED technology segment is projected to grow at the highest CAGR from 2020 to 2025 for horticulture lighting market, by technology. Energy efficiency continues to be a key factor for the adoption of LED technology in the horticulture sector, along with additional benefits in the form of low heat, long lifespan, light weight, and enhanced controllability. This is expected to boost their adoption across various applications during the forecast period.

Fruits and vegetables is estimated to hold the largest share of the market during forecast period

The fruits and vegetables segment is projected to account for the largest size of the horticulture lighting market from 2020 to 2025, by cultivation. Increasing demand for quick and fresh horticultural produce owing to population growth and loss of arable land is a key factor driving the growth of this segment of the market. The surging number of vertical farms and greenhouses is also expected to contribute to the growth of this segment of the market.

APAC is projected to become the fastest geographical market between 2020 and 2025

APAC is projected to grow at the highest CAGR for horticulture lighting market during the forecast period. The growth of the market in this region can be attributed to its continuously increasing population, which leads to rising demand for food from APAC. This has led to an increase in the adoption of advanced farming technologies such as CEA to enable the supply of fresh fruits and vegetables throughout the year. Moreover, high pressure on cultivators to improve agricultural yields with limited available resources and increased requirements to protect crops from unexpected climatic changes are also contributing to the adoption of horticulture lighting in APAC during the forecast period.

Research Coverage

This report offers detailed insights into the horticulture lighting market based on technology (Fluorescent, HID, and LED), application (Greenhouses, Vertical Farms, and Indoor Farms), cultivation (fruits and vegetables, floriculture, and cannabis), lighting type (toplighting and interlighting), offering (hardware, and software and services), installation type (new installations and retrofit installations), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East, Africa, and South America.

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the horticulture lighting market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Major Players Profiled

The horticulture lighting market is dominated by a few established players such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden).

Breakdown of profiles of primary participants:

  • By Company: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-level Executives = 40%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
  • By Region: North America = 40%, APAC = 30%, Europe = 20%, and ROW = 10%

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the horticulture lighting market and provides them information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Active Grow LLC
  • Agrolux
  • Econolux
  • Heliospectra AB
  • Hyperion Grow Lights
  • LumiGrow, Inc.

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Markets Covered
Figure 1 Market Segmentation
1.3.1 Years Considered
1.4 Currency
Table 1 Currency Table
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 2 Horticulture Lighting Market: Process Flow of Market Size Estimation
Figure 3 Horticulture Lighting Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
Figure 4 Market Size Estimation Methodology: Supply-Side Analysis
Figure 5 Market Size Estimation Methodology: Approach 1 (Supply Side) - Revenues Generated by Companies from Solutions/Products/Services Offered in Horticulture Lighting Market
Figure 6 Horticulture Lighting Market: Research Methodology - Illustration of Company (Signify) Revenue Estimation
Figure 7 Market Size Estimation Methodology: Approach 2 - Demand-Side Analysis
Figure 8 Market Size Estimation Methodology: Approach 2 - Demand-Side Analysis
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Calculating Market Size Using Bottom-Up Analysis
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Calculating Market Size Using Top-Down Analysis
Figure 10 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 11 Data Triangulation Methodology
2.4 Research Assumptions
Table 2 Assumptions for Research Study
2.5 Limitations

3 Executive Summary
Figure 12 Hardware Segment Accounted for Large Share of Horticulture Lighting Market in 2019
Figure 13 LED Segment to Account for Largest Share of Horticulture Lighting Market from 2019 to 2025
Figure 14 Interlighting Segment of Horticulture Lighting Market to Grow at High CAGR from 2020 to 2025
Figure 15 Fruits and Vegetables Segment to Account for Largest Size of Horticulture Lighting Market from 2020 to 2025
Figure 16 Greenhouses Segment to Account for Largest Size of Horticulture Lighting Market from 2020 to 2025
Figure 17 Retrofit Installations Segment of Horticulture Lighting Market to Grow at High CAGR from 2020 to 2025
Figure 18 Horticulture Lighting Market, by Region, 2019
3.1 Summary of Changes (Comparative Analysis)
3.2 Escalating Demand for Lighting Controls due to Requirement of Precise Lighting Spectrum
Table 3 Horticulture Lighting Hardware Market, by Type, 2016-2019 (USD Million)
Table 4 Horticulture Lighting Hardware Market, by Type, 2020-2025 (USD Million)
3.3 Food Safety: Key Aspects for CEA Growers
3.4 Impact of COVID-19 on Horticulture Lighting Market
3.4.1 Horticulture Lighting Market Scenario Analysis
Figure 19 Scenario Analysis, 2020-2025
Figure 20 Normalization of Lighting Supply Chain and Trade to Impact Horticulture Lighting Market Globally
Figure 21 Spectrum of Scenarios for Horticulture Lighting Industry from 2020 to 2021 Depending on Uncertainties Caused by COVID-19
3.4.2 Realistic Scenario (Post-COVID-19)
3.4.3 Optimistic Scenario (Post-COVID-19)
3.4.4 Pessimistic Scenario (Post-COVID-19)
3.4.5 Key Insights on Impact of COVID-19 on Horticulture Lighting Market

4 Premium Insights
4.1 Attractive Opportunities in Horticulture Lighting Market
Figure 22 Increasing Adoption of Controlled-Environment Agriculture Practices in Urban Areas to Drive Demand for Horticulture Lights
4.2 Horticulture Lighting Market, by Offering
Figure 23 Hardware Segment to Account for Large Share of Horticulture Lighting Market in 2025
4.3 Horticulture Lighting Market, by Technology
Figure 24 LED Segment Accounted for Largest Size of Horticulture Lighting from 2020 to 2025
4.4 Horticulture Lighting Market in APAC, by Application and Geography
Figure 25 Vertical Farms Segment and Southeast Asia to Account for Largest Shares of Horticulture Lighting Market in APAC in 2025
4.5 Horticulture Lighting Market, by Lighting Type
Figure 26 Toplighting Segment to Account for Large Share of Horticulture Lighting Market in 2025
4.6 Horticulture Lighting Market, by Cultivation
Figure 27 Fruits and Vegetables Segment to Account for Largest Size of Horticulture Lighting Market from 2020 to 2025
4.7 Horticulture Lighting Market, by Geography
Figure 28 Horticulture Lighting Market in Southeast Asia to Grow at Highest CAGR from 2020 to 2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 29 Horticulture Lighting Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Strong Government Support for Controlled-Environment Agriculture (CEA) Practices and Adoption of SSL Technology
5.2.1.2 High Demand for Fresh Produce in Quick Time Owing to Population Growth and Loss of Arable Land
Figure 30 Population vs Arable Land Statistics, 1950-2050
5.2.1.3 Increased Funding to Build Vertical Farms and Greenhouses, Along with Legalization of Cannabis Cultivation
Table 5 List of Noticeable Investments in Vertical and Greenhouse Farming
Table 6 Reduction in Harvest Cycle Using LED Horticulture Lighting on Cannabis Strains
5.2.1.4 Extensive Deployment of LED Fixtures in Controlled Agricultural Environment
Table 7 List of Developments Showing LED Installations from April 2018 to January 2020
Table 8 Typical Specifications of LED vs HID
5.2.1.5 Widespread Use of Automated and Energy-Efficient Lighting Fixtures to Minimize Energy Costs and Regulate Plant Growth
Figure 31 Impact Analysis of Drivers on Horticulture Lighting Market
5.2.2 Restraints
5.2.2.1 High Setup and Installation Costs of LED Grow Lights
5.2.2.2 Complex Requirement for Varied Light Spectra for Different Crops
Table 9 Standard Spectra
Figure 32 Impact Analysis of Restraints on Horticulture Lighting Market
5.2.3 Opportunities
5.2.3.1 Promising Trend of Farm-to-Table Concept
5.2.3.2 Potential Market Opportunities in Asian and Middle Eastern Economies for Vertical Farming
5.2.3.3 Year-Round Crop Production, Irrespective of Weather Conditions
5.2.3.4 Gradual Emergence of Horticulture Lighting Software and Calculator
Figure 33 Impact Analysis of Opportunities on Horticulture Lighting Market
5.2.4 Challenges
5.2.4.1 Complexities Associated with Deployment of Controlled Environment Agriculture Technology in Large-Sized Fields and High Need for Technical Know-How
5.2.4.2 Lack of Standard Testing Practices for Accessing Product Quality of Horticulture Lights and Their Fixtures
5.2.4.3 Effective Integration of Different Components and Technologies Used in CEA Facilities
Figure 34 Impact Analysis of Challenges on Horticulture Lighting Market
Table 10 Key Takeaways for Suppliers/Component Providers

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
Figure 35 Value Chain Analysis: Horticulture Lighting Market
6.2.1 Research and Development
6.2.2 Component Providers/Input Suppliers
6.2.3 Original Equipment Manufacturers
6.2.4 System Integrators, Technology, and Service Providers
6.2.5 Distributors and Sales Partners
Table 11 Signify: List of Major Distributors and Customers
Table 12 Heliospectra: List of Major Distributors and Customers
Table 13 Gavita: List of Major Distributors and Customers
Table 14 OSRAM: List of Major Distributors
6.2.6 End-users
6.3 Market Map: Horticulture Lighitng Market
Figure 36 Market Map: Horticulture Lighting Market
6.4 Key Technology and Industry Trends
Table 15 Leading Trends in Horticulture Lighting Market
6.5 Pricing Analysis
Table 16 Indicative Prices of Horticulture Lighting Fixtures
6.6 Patent Analysis
Table 17 Patents Registered: Horticulture Lighting Market
6.7 Tariff Regulations Regarding Horticulture Lighting
Table 18 Tariff Regulations: Horticulture Lighting
6.8 Lighting Products: Tariff-Related Data
6.9 Case Studies
6.9.1 Introduction
6.9.2 Beijing Vegetable Research Center
Table 19 Signify Holding (Netherlands) Provided Philips Greenpower LED Toplighting to Grow Vegetable Seedlings Under Artificial Lights to BVRC (China)
6.9.3 Kernock Park Plants
Table 20 Kernock Park Plants Installed Philips Greenpower LED Toplighting and Production Module from Signify Holding (Netherlands)
6.9.4 Scea La Giraudière
Table 21 Scea La Giraudière (France) Used Hortilux Hybrid LED to Produce Juicy, Sweet Vine Tomatoes Throughout Year
6.9.5 Glenwood Valley Farms
Table 22 Glenwood Valley Farms (Canada) Used Philips Greenpower LED Interlighting Module to Improve Its Yields
6.9.6 Botanica
Table 23 Hortilux Helped Botanica (Russia) to Increase Its Cucumber Production
6.9.7 Green Simplicity
Table 24 Green Simplicity Developed Special Research Growing Systems with Help of Hortilux Hortiled Multi
6.9.8 Ljusgårda
Table 25 Ljusgårda Achieved Ultimate Vertical Growth, from 0 to 7,000 Sq.M. Using LED Lighting Solution and Control System of Heliospectra
6.9.9 NS Brands
Table 26 Heliospectra AB (Sweden) Helped NS Brands (US) with Greenhouse Tomato Trials
6.9.10 Sanoid Isolates
Table 27 Heliospectra AB (Sweden) Helped Sanoid Isolates (Spain) to Produce Cannabis Extractions with Highest Levels of Quality, Traceability, and Consistency
6.10 Hid (HPS) vs LED: Trend Analysis
Table 28 Factors Leading to Reluctance for Adoption of LED Lights
6.10.1 Views of Industry Experts Pertaining to Increasing Adoption of LED Lights
6.10.2 HID (HPS) vs LED Pricing Analysis
Table 29 Indicative Table: Capex and Opex for LEDs and HPS

7 Horticulture Lighting Market, by Application
7.1 Introduction
Figure 37 Horticulture Lighting Market, by Application
Figure 38 Vertical Farms Segment of Horticulture Lighting Market to Grow at Highest CAGR from 2020 to 2025
Table 30 Horticulture Lighting Market, by Application, 2016-2019 (USD Million)
Table 31 Horticulture Lighting Market, by Application, 2020-2025 (USD Million)
7.2 Greenhouses
7.2.1 Greenhouses Use Grow Lights for Increased Horticulture Yields
Table 32 Horticulture Lighting Market for Greenhouses, by Region, 2016-2019 (USD Million)
Table 33 Horticulture Lighting Market for Greenhouses, by Region, 2020-2025 (USD Million)
Table 34 Horticulture Lighting Market for Greenhouses, by Technology, 2016-2019 (USD Million)
Table 35 Horticulture Lighting Market for Greenhouses, by Technology, 2020-2025 (USD Million)
7.3 Vertical Farms
7.3.1 Optimum Use of Vertical Spaces and Energy to Result in Demand for Horticulture Lighting in Vertical Farms
7.3.2 Region-Wise Recent Developments in Vertical Farming Market
Table 36 Vertical Farming Developments in North America
Table 37 Vertical Farming Developments in Europe
Table 38 Vertical Farming Developments in APAC
Table 39 Vertical Farming Developments in Middle East
Table 40 Horticulture Lighting Market for Vertical Farms, by Region, 2016-2019 (USD Million)
Table 41 Horticulture Lighting Market for Vertical Farms, by Region, 2020-2025 (USD Million)
Table 42 Horticulture Lighting Market for Vertical Farms, by Technology, 2016-2019 (USD Million)
Table 43 Horticulture Lighting Market for Vertical Farms, by Technology, 2020-2025 (USD Million)
7.4 Indoor Farms
7.4.1 Technological Advancements in Grow Lights Help in Effective Indoor Farming to Increase Crop Yields
Table 44 Horticulture Lighting Market for Indoor Farms, by Region, 2016-2019 (USD Million)
Table 45 Horticulture Lighting Market for Indoor Farms, by Region, 2020-2025 (USD Million)
Table 46 Horticulture Lighting Market for Indoor Farms, by Technology, 2016-2019 (USD Million)
Table 47 Horticulture Lighting Market for Indoor Farms, by Technology, 2020-2025 (USD Million)
7.5 Others
Table 48 Horticulture Lighting Market for Other Applications, by Region, 2016-2019 (USD Million)
Table 49 Horticulture Lighting Market for Other Applications, by Region, 2020-2025 (USD Million)
Table 50 Horticulture Lighting Market for Other Applications, by Technology, 2016-2019 (USD Million)
Table 51 Horticulture Lighting Market for Other Applications, by Technology, 2020-2025 (USD Million)

8 Horticulture Lighting Market, by Installation Type
8.1 Introduction
Figure 39 Horticulture Lighting Market by Installation Type
Figure 40 New Installations Segment to Account for Large Size of Horticulture Lighting Market in 2025
Table 52 Horticulture Lighting Market, by Installation Type, 2016-2019 (USD Million)
Table 53 Horticulture Lighting Market, by Installation Type, 2020-2025 (USD Million)
8.2 New Installations
8.2.1 Growing Global Adoption of Vertical Farms to Fuel Growth of New Installations Segment of Horticulture Lighting Market
Table 54 Horticulture Lighting Market for New Installations, by Region, 2016-2019 (USD Million)
Table 55 Horticulture Lighting Market for New Installations, by Region, 2020-2025 (USD Million)
8.3 Retrofit Installations
8.3.1 Retrofitting of Existing Light Fixtures Help Save Energy and Improve Yield Quality in Commercial Greenhouses and Vertical Farms
Table 56 Horticulture Lighting Market for Retrofit Installations, by Region, 2016-2019 (USD Million)
Table 57 Horticulture Lighting Market for Retrofit Installations, by Region, 2020-2025 (USD Million)

9 Horticulture Lighting Market, by Lighting Type
9.1 Introduction
Figure 41 Horticulture Lighting Market, by Lighting Type
Figure 42 Toplighting Segment to Account for Large Size of Horticulture Lighting Market in 2025
Table 58 Horticulture Lighting Market, by Lighting Type, 2016-2019 (USD Million)
Table 59 Horticulture Lighting Market, by Lighting Type, 2020-2025 (USD Million)
9.2 Toplighting
9.2.1 Prominence of Toplighting in CEA Facilities
Table 60 Horticulture Toplighting Market, by Region, 2016-2019 (USD Million)
Table 61 Horticulture Toplighting Market, by Region, 2020-2025 (USD Million)
9.3 Interlighting
9.3.1 Increased Use of Interlighting to Offer Adequate Light to Lower Parts of Plants
Figure 43 Horticulture Interlighting Market in APAC to Grow at Highest CAGR from 2020 to 2025
Table 62 Horticulture Interlighting Market, by Region, 2016-2019 (USD Million)
Table 63 Horticulture Interlighting Market, by Region, 2020-2025 (USD Million)

10 Horticulture Lighting Market, by Offering
10.1 Introduction
Figure 44 Horticulture Lighting Market, by Offering
Figure 45 Hardware Segment to Hold Large Size of Horticulture Lighting Market from 2020 to 2025
Table 64 Horticulture Lighting Market, by Offering, 2016-2019 (USD Million)
Table 65 Horticulture Lighting Market, by Offering, 2020-2025 (USD Million)
10.2 Hardware
10.2.1 Lighting Fixtures
10.2.1.1 Growing Use of HPS and LED Lights in CEA Facilities
10.2.2 Lighting Controls
10.2.2.1 Increasing Demand for LED Drivers and Ballasts as Lighting Controls in CEA Facilities
Table 66 Horticulture Lighting Market for Hardware, by Region, 2016-2019 (USD Million)
Table 67 Horticulture Lighting Market for Hardware, by Region, 2020-2025 (USD Million)
10.3 Software and Services
10.3.1 Growing Adoption of Horticulture Lighting Software and Services to Ensure Seamless Operations of Greenhouses and Indoor Farms
Table 68 Horticulture Lighting Market for Software and Services, by Region, 2016-2019 (USD Million)
Table 69 Horticulture Lighting Market for Software and Services, by Region, 2020-2025 (USD Million)

11 Horticulture Lighting Market, by Cultivation
11.1 Introduction
Figure 46 Horticulture Lighting Market by Cultivation Type
Figure 47 Fruits and Vegetables Segment to Account for Largest Size of Horticulture Lighting Market from 2020 to 2025
Table 70 Horticulture Lighting Market, by Cultivation, 2016-2019 (USD Million)
Table 71 Horticulture Lighting Market, by Cultivation, 2020-2025 (USD Million)
11.2 Fruits and Vegetables
11.2.1 Increased Demand for High-Quality Organic Fruits and Vegetables Promote Adoption of Horticulture Lighting in Vertical Farms and Greenhouses
Table 72 Horticulture Lighting Market for Fruits and Vegetables, by Region, 2016-2019 (USD Million)
Table 73 Horticulture Lighting Market for Fruits and Vegetables, by Region, 2020-2025 (USD Million)
11.3 Floriculture
11.3.1 Europe to Hold Large Size of Horticulture Lighting Market for Floriculture from 2020 to 2025
Figure 48 Europe to Hold Largest Size of Horticulture Lighting Market for Floriculture in 2020
Table 74 Horticulture Lighting Market for Floriculture, by Region, 2016-2019 (USD Million)
Table 75 Horticulture Lighting Market for Floriculture, by Region, 2020-2025 (USD Million)
11.4 Cannabis
11.4.1 Cannabis Segment of Horticulture Lighting Market to Grow at Highest CAGR from 2020 to 2025
Figure 49 North America to Hold Largest Size of Horticulture Lighting Market for Cannabis in 2025
Table 76 Horticulture Lighting Market for Cannabis, by Region, 2016-2019 (USD Million)
Table 77 Horticulture Lighting Market for Cannabis, by Region, 2020-2025 (USD Million)

12 Horticulture Lighting Market, by Technology
12.1 Introduction
Figure 50 Horticulture Lighting Market, by Technology
Figure 51 Led Segment of Horticulture Lighting Market to Grow at Highest CAGR from 2020 to 2025
Table 78 Horticulture Lighting Market, by Technology, 2016-2019 (USD Million)
Table 79 Horticulture Lighting Market, by Technology, 2020-2025 (USD Million)
Table 80 Horticulture Lighting Market, by Technology, 2016-2019 (Thousand Units)
Table 81 Horticulture Lighting Market, by Technology, 2020-2025 (Thousand Units)
12.2 Fluorescent
12.2.1 T5 Fluorescent Lights
12.2.1.1 Increasing Use of T5 Fluorescent Lights for Indoor Cultivation
12.2.2 Compact Fluorescent Lamp (CFL)
12.2.2.1 Surging Adoption of CFL for Growing Herbs and Plants in Small Spaces
Table 82 Horticulture Lighting Market for Fluorescent Technology, by Application, 2016-2019 (USD Million)
Table 83 Horticulture Lighting Market for Fluorescent Technology, by Application, 2020-2025 (USD Million)
12.3 High-Intensity Discharge (HID)
12.3.1 High-Pressure Sodium (HPS) Lamps
12.3.1.1 Growing Use of HPS Lamps for Uniform Distribution of Light Across Crops
12.3.2 Metal-Halide (MH) Lamps
12.3.2.1 Surging Demand for Metal-Halide Lamps During Initial Vegetative Stage of Plant Growth
Table 84 Horticulture Lighting Market for HID Technology, by Application, 2016-2019 (USD Million)
Table 85 Horticulture Lighting Market for HID Technology, by Application, 2020-2025 (USD Million)
12.4 HPS vs MH
Table 86 Horticulture HID Lighting Market, by Type, 2016-2019 (USD Million)
Table 87 Horticulture HID Lighting Market, by Type, 2020-2025 (USD Million)
Table 88 Horticulture HPS Lighting Market, by Application, 2016-2019 (USD Million)
Table 89 Horticulture HPS Lighting Market, by Type, 2020-2025 (USD Million)
12.5 Light-Emitting Diode (LED)
12.5.1 Rising Penetration of LED Lights in Indoor Farming due to Their Long Lifespan, Spectrum Adjustability, and Energy Efficiency
Table 90 Comparison of Different Light Sources
Table 91 Horticulture Lighting Market for LED Technology, by Application, 2016-2019 (USD Million)
Table 92 Horticulture Lighting Market for LED Technology, by Application, 2020-2025 (USD Million)
12.6 Other Technologies
Table 93 Horticulture Lighting Market for Other Technologies, by Application, 2016-2019 (USD Million)
Table 94 Horticulture Lighting Market for Other Technologies, by Application, 2020-2025 (USD Million)

13 Geographic Analysis
13.1 Introduction
Figure 52 Horticulture Lighting Market, by Region
Table 95 Horticulture Lighting Market, by Region, 2016-2019 (USD Million)
Table 96 Horticulture Lighting Market, by Region, 2020-2025 (USD Million)
13.2 North America
Figure 53 North America Horticulture Lighting Market Snapshot
Table 97 North America Horticulture Lighting Market, by Offering, 2016-2019 (USD Million)
Table 98 North America Horticulture Lighting Market, by Offering, 2020-2025 (USD Million)
Table 99 North America Horticulture Lighting Market, by Application, 2016-2019 (USD Million)
Table 100 North America Horticulture Lighting Market, by Application, 2020-2025 (USD Million)
Table 101 North America Horticulture Lighting Market, by Lighting Type, 2016-2019 (USD Million)
Table 102 North America Horticulture Lighting Market, by Lighting Type, 2020-2025 (USD Million)
Table 103 North America Horticulture Lighting Market, by Cultivation, 2016-2019 (USD Million)
Table 104 North America Horticulture Lighting Market, by Cultivation, 2020-2025 (USD Million)
Table 105 North America Horticulture Lighting Market, by Installation Type, 2016-2019 (USD Million)
Table 106 North America Horticulture Lighting Market, by Installation Type, 2020-2025 (USD Million)
Table 107 North America Horticulture Lighting Market, by Country, 2016-2019 (USD Million)
Table 108 North America Horticulture Lighting Market, by Country, 2020-2025 (USD Million)
13.2.1 US
13.2.1.1 Increasing Number of Vertical Farms and Greenhouses in US to Address Requirement of Fresh Horticulture Produce
13.2.2 Canada
13.2.2.1 Surging Adoption of Horticulture Lighting in Canada Owing to Unfavorable Climatic Conditions and Required Government Support
13.2.3 Mexico
13.2.3.1 Growing Population and Scarcity of Resources Increase Adoption of CEA Facilities in Mexico
13.3 Europe
Figure 54 Europe Horticulture Lighting Market Snapshot
Table 109 Europe Horticulture Lighting Market, by Offering, 2016-2019 (USD Million)
Table 110 Europe Horticulture Lighting Market, by Offering, 2020-2025 (USD Million)
Table 111 Europe Horticulture Lighting Market, by Application, 2016-2019 (USD Million)
Table 112 Europe Horticulture Lighting Market, by Application, 2020-2025 (USD Million)
Table 113 Europe Horticulture Lighting Market, by Lighting Type, 2016-2019 (USD Million)
Table 114 Europe Horticulture Lighting Market, by Lighting Type, 2020-2025 (USD Million)
Table 115 Europe Horticulture Lighting Market, by Cultivation, 2016-2019 (USD Million)
Table 116 Europe Horticulture Lighting Market, by Cultivation, 2020-2025 (USD Million)
Table 117 Europe Horticulture Lighting Market, by Installation Type, 2016-2019 (USD Million)
Table 118 Europe Horticulture Lighting Market, by Installation Type, 2020-2025 (USD Million)
Table 119 Europe Horticulture Lighting Market, by Geography, 2016-2019 (USD Million)
Table 120 Europe Horticulture Lighting Market, by Geography, 2020-2025 (USD Million)
13.3.1 UK
13.3.1.1 Increasing Number of New Vertical Farms and Greenhouses to Fuel Demand for Horticulture Lighting Market in UK
13.3.2 Germany
13.3.2.1 Growing Focus on Providing Right Light Regimes Suitable for Different Crops Using Horticulture Lights in Germany
13.3.3 Netherlands
13.3.3.1 Continuing Dominance of Netherlands as One of Leading Exporters of Agricultural Products in Europe
13.3.4 Scandinavia
13.3.4.1 Increasing Focus on Minimizing Fresh Fruit and Vegetable Imports to Fuel Demand for Horticulture Lighting in Scandinavian Countries
13.3.5 Rest of Europe
13.4 APAC
Figure 55 APAC Horticulture Lighting Market Snapshot
Table 121 APAC Horticulture Lighting Market, by Offering, 2016-2019 (USD Million)
Table 122 APAC Horticulture Lighting Market, by Offering, 2020-2025 (USD Million)
Table 123 APAC Horticulture Lighting Market, by Application, 2016-2019 (USD Million)
Table 124 APAC Horticulture Lighting Market, by Application, 2020-2025 (USD Million)
Table 125 APAC Horticulture Lighting Market, by Lighting Type, 2016-2019 (USD Million)
Table 126 APAC Horticulture Lighting Market, by Lighting Type, 2020-2025 (USD Million)
Table 127 APAC Horticulture Lighting Market, by Cultivation, 2016-2019 (USD Million)
Table 128 APAC Horticulture Lighting Market, by Cultivation, 2020-2025 (USD Million)
Table 129 APAC Horticulture Lighting Market, by Installation Type, 2016-2019 (USD Million)
Table 130 APAC Horticulture Lighting Market, by Installation Type, 2020-2025 (USD Million)
Table 131 APAC Horticulture Lighting Market, by Geography, 2016-2019 (USD Million)
Table 132 APAC Horticulture Lighting Market, by Geography, 2020-2025 (USD Million)
13.4.1 China
13.4.1.1 Growing Population in China to Fuel Adoption of CEA Practices
13.4.2 Japan
13.4.2.1 Rising Adoption of Urban Farming Practices to Encourage Use of Horticulture Lights in Japan
13.4.3 Australia
13.4.3.1 Legalizing Cannabis Cultivation, Along with Less Rainfall, to Fuel Growth of Horticulture Lighting Market in Australia
13.4.4 Southeast Asia
13.4.4.1 Rising Demand for Fresh Horticulture Produce and Increasing Support from Governments of Southeast Asian Countries to Fuel Market Growth
13.4.5 Rest of APAC
13.5 Rest of the World (RoW)
Table 133 Row Horticulture Lighting Market, by Offering, 2016-2019 (USD Million)
Table 134 Row Horticulture Lighting Market, by Offering, 2020-2025 (USD Million)
Table 135 Row Horticulture Lighting Market, by Application, 2016-2019 (USD Million)
Table 136 Row Horticulture Lighting Market, by Application, 2020-2025 (USD Million)
Table 137 Row Horticulture Lighting Market, by Lighting Type, 2016-2019 (USD Million)
Table 138 Row Horticulture Lighting Market, by Lighting Type, 2020-2025 (USD Million)
Table 139 Row Horticulture Lighting Market, by Cultivation, 2016-2019 (USD Million)
Table 140 Row Horticulture Lighting Market, by Cultivation, 2020-2025 (USD Million)
Table 141 Row Horticulture Lighting Market, by Installation Type, 2016-2019 (USD Million)
Table 142 Row Horticulture Lighting Market, by Installation Type, 2020-2025 (USD Million)
Table 143 Row Horticulture Lighting Market, by Region, 2016-2019 (USD Million)
Table 144 Row Horticulture Lighting Market, by Region, 2020-2025 (USD Million)
13.5.1 Middle East
13.5.1.1 Increasing Investments for Local Food Production in Middle East
13.5.2 Africa
13.5.2.1 Prevailing Scarcity of Water and Unfavorable Climatic Conditions Increase Adoption of CEA Facilities in Africa
13.5.3 South America
13.5.3.1 Surging Adoption of Vertical Farms by Start-Ups in South America

14 Competitive Landscape
14.1 Overview
Figure 56 Companies Adopted New Product Launches as Key Growth Strategy from 2017 to 2020
14.2 Market Share and Ranking Analysis of Key Players in Horticulture Lighting Market
Table 145 Horticulture Lighting Market Share and Ranking Analysis, 2019
14.3 Historical Revenue Analysis, 2015-2019
Table 146 Historical Revenue Analysis of Companies Offering Horticulture Lights, 2015- 2019 (USD Million)
14.4 Company Evaluation Quadrant
Figure 57 Horticulture Lighting Market (Global): Company Evaluation Matrix, 2019
14.4.1 Star
14.4.2 Emerging Leader
14.4.3 Pervasive
14.4.4 Participant
14.5 Start-Up/SME Evaluation Matrix, 2019
Figure 58 Horticulture Lighting Market (Global): Start-Up/SME Evaluation Matrix, 2019
14.5.1 Progressive Companies
14.5.2 Responsive Companies
14.5.3 Dynamic Companies
14.5.4 Starting Blocks
14.6 Competitive Scenario
14.6.1 Product Launches
Table 147 Product Launches, 2019-2020
14.6.2 Agreements, Contracts, Collaborations, and Partnerships
Table 148 Agreements, Contracts, Collaborations, and Partnerships, 2019-2020
14.6.3 Expansions and Acquisitions
Table 149 Expansions and Acquisitions, 2019-2020

15 Company Profiles
15.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and Analyst's View)*
15.1.1 Signify Holding
Figure 59 Signify Holding: Company Snapshot
15.1.2 Gavita International B.V.
15.1.3 Heliospectra AB
Figure 60 Heliospectra AB: Company Snapshot
15.1.4 OSRAM GmbH (Part of AMS AG)
Figure 61 OSRAM GmbH: Company Snapshot
15.1.5 California Lightworks
15.1.6 Valoya
15.1.7 LumiGrow, Inc.
15.1.8 Hortilux Schréder (Dool Industries)
15.1.9 Eye Hortilux (An Eye Lighting Division)
15.1.10 ILUMINAR Lighting
15.2 Other Important Players
15.2.1 GE Current, a Daintree Company
15.2.2 Parsource
15.2.3 GE Lighting, a Savant Company
15.2.4 Hubbell
15.2.5 Agrolux
15.2.6 Econolux
15.2.7 Oreon
15.2.8 Glaciallight - Lighting Division of Glacialtech
15.2.9 Black Dog Grow Technologies Inc.
15.2.10 Viparspectra
15.3 Noticeable Start-Ups
15.3.1 Active Grow LLC
15.3.2 Agnetix
15.3.3 Thrive Agritech
15.3.4 Vividgro (Subsidiary of Lighting Science Group Corporation)
15.3.5 Hyperion Grow Lights
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and Analyst's View Might Not be Captured in Case of Unlisted Companies

16 Appendix
16.1 Insights of Industry Experts
16.2 Questionnaire for Horticulture Lighting Market
16.3 Knowledge Store: The Subscription Portal
16.4 Available Customizations

Note: Product cover images may vary from those shown

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  • Active Grow LLC
  • Agnetix
  • Agrolux
  • Black Dog Grow Technologies Inc.
  • California Lightworks
  • Econolux
  • Eye Hortilux (An Eye Lighting Division)
  • Gavita International B.V.
  • GE Current, a Daintree Company
  • GE Lighting, a Savant Company
  • Glaciallight - Lighting Division of Glacialtech
  • Heliospectra AB
  • Hortilux Schréder (Dool Industries)
  • Hubbell
  • Hyperion Grow Lights
  • ILUMINAR Lighting
  • LumiGrow, Inc.
  • Oreon
  • OSRAM GmbH (Part of AMS AG)
  • Parsource
  • Signify Holding
  • Thrive Agritech
  • Valoya
  • Viparspectra
  • Vividgro (Subsidiary of Lighting Science Group Corporation)
Note: Product cover images may vary from those shown

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