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Global Horticulture Lighting Market (2021-2026) by Application Type, Offering Type, Technology Type, Lighting Type, Cultivation Type, Installation Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 172 Pages
  • December 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5544058
The Global Horticulture Lighting Market is estimated to be USD 2.9 Bn in 2021 and is expected to reach USD 5.14 Bn by 2026, growing at a CAGR of 12.12%.

Market Dynamics

The key factors driving the Global Horticulture Lighting Market due to growing population with high demand for fresh produce of agricultural products, increasing government initiatives and support for Controlled Environment Agriculture (CEA) practices and adoption of SSL technology, and growing funding for vertical farms, greenhouses, and cannabis cultivation are driving the growth of the market. Additionally, the rising use of automation, deployment of LED fixtures, and energy-efficient lighting fixtures for plant growth and to minimize energy costs are fuelling the market's growth. On the other hand, the high price associated with LED grow lights, system setup, installation and maintenance, and complexities in the requirement for varied light spectra for different crops restrict the market's growth.

Risingsing trends of farm-to-table concepts because of growing vertical farming in countries like Middle Eastern and Asia. The emergence of horticulture calculators and software will create potential opportunities for the market to grow in the forecasted periFurthermore, increasing crop production throughout the year includes indoor and outdoor displays. Moreover, there is a lack of skilled expertise in handling and deploying CEA technology in large-sized fields. The lack of standards related to product testing and quality and complexities in integrating and deploying Controlled Environment Agriculture (CEA) technology is the major challenge that may affect the market’s growth shortly.

Market Segmentation

  • The Global Horticulture Lighting Market is segmented further based on Application Type, Offering Type, Technology Type, Lighting Type, Cultivation Type, Installation Type, and Geography.
  • By Application Type, the market is classified into Greenhouses, Indoor Farms, Vertical Farms, and others.
  • By Offering Type, the Horticulture Lighting market is classified into Hardware, Software, and Services.
  • By Technology Type, the Horticulture Lighting market is classified into Fluorescent, High-Intensity Discharge (HID), High-Pressure Sodium Lamp, LED, and others.
  • By Lighting Type, the Horticulture Lighting market is classified into Top-Lighting and Inter-Lighting.
  • By Cultivation Type, the Horticulture Lighting market is classified into Cannabis, Fruits and Vegetables, and Floriculture.
  • By Installation Type, the Horticulture Lighting market is classified into New Installations and Retrofit Installations.
  • By Geography, Europe is projected to lead the market.

Recent Developments

1. Hortilux Schreder launched the HORTILED® series, i.e., Intense and Sirius that are developed and produced entirely in-house by delivering the best performance- May 17, 2021
2. Heliospectra AB partnership with Harahara, Inc to represent its LED lighting & controlled environments agriculture and PFALs market-May 12, 2021
3. LumiGrow released TopLight Hybrid smart fixture that takes strategies of HPS and metal-halide to improve the grower’s productivity without the high energy bill- August 19, 2019

Company Profiles

Some of the companies covered in this report are California Lightworks, EYE Hortilux, Gavita International B.V., Heliospectra AB, Hortilux Schreder, ILUMINAR Lighting, LumiGrow, OSRAM Licht AG, Signify Holding B.V, Valoya, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Horticulture Lighting Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Horticulture Lighting Market

What is the estimated value of the Global Horticulture Lighting Market?

The Global Horticulture Lighting Market was estimated to be valued at $2.9 Billion in 2021.

What is the growth rate of the Global Horticulture Lighting Market?

The growth rate of the Global Horticulture Lighting Market is 12.1%, with an estimated value of $5.14 Billion by 2026.

What is the forecasted size of the Global Horticulture Lighting Market?

The Global Horticulture Lighting Market is estimated to be worth $5.14 Billion by 2026.

Who are the key companies in the Global Horticulture Lighting Market?

Key companies in the Global Horticulture Lighting Market include Active Grow, LLC, AEssense Corporation, Agnetix, Agrolux, Black Dog Grow Technologies, Inc, Bridgelux, Inc, California Lightworks, EconoLux Industries Ltd and EYE Hortilux.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Population with High Demand for Fresh Produce
4.1.2 Increasing Government Initiatives for Controlled-Environment Agriculture (CEA) Practices
4.1.3 Increasing Funding for Vertical Farms, Greenhouses, and Cannabis Cultivation
4.1.4 Rising Use of Energy-Efficient Lighting Fixtures for Plant Growth
4.2 Restraints
4.2.1 High Cost Associated with System Setup and Installation
4.2.2 Complexities in Varied Spectra Requirement for Different Crops
4.3 Opportunities
4.3.1 Growing Crop Production and Trend of Farm-to-Table Concepts
4.3.2 Growth in the Economies for Vertical Farming
4.3.3 The Emergence of Horticulture Calculator and Software
4.4 Challenges
4.4.1 Lack of Skilled Expertise and Standards Related to Product Testing and Quality
4.4.2 Complexities in Integration and Deployment of CEA Technology
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Horticulture Lighting Market, By Application Type
6.1 Introduction
6.2 Greenhouses
6.3 Indoor Farms
6.4 Vertical Farms
6.5 Others
6.5.1 Tissue Culture
6.5.2 Research
7 Global Horticulture Lighting Market, By Offering Type
7.1 Introduction
7.2 Hardware
7.3 Software & Services
8 Global Horticulture Lighting Market, By Technology Type
8.1 Introduction
8.2 Fluorescent
8.3 High-Intensity Discharge (HID)
8.4 High-Pressure Sodium Lamp
8.5 LED
8.6 Others
8.6.1 Induction
8.6.2 Plasma
8.6.3 Xenon
9 Global Horticulture Lighting Market, By Lighting Type
9.1 Introduction
9.2 Top-Lighting
9.3 Inter-Lighting
10 Global Horticulture Lighting Market, By Cultivation Type
10.1 Introduction
10.2 Cannabis
10.3 Fruits and Vegetables
10.4 Floriculture
11 Global Horticulture Lighting Market, By Installation Type
11.1 Introduction
11.2 New Installations
11.3 Retrofit Installations
12 Global Horticulture Lighting Market, By Geography
12.1 Introduction
12.1 America
12.1.1 Argentina
12.1.2 Brazil
12.1.3 Canada
12.1.4 Chile
12.1.5 Colombia
12.1.6 Mexico
12.1.7 Peru
12.1.8 United States
12.1.9 Rest of Americas
12.2 Europe
12.2.1 Austria
12.2.2 Belgium
12.2.3 Denmark
12.2.4 Finland
12.2.5 France
12.2.6 Germany
12.2.7 Italy
12.2.8 Netherlands
12.2.9 Norway
12.2.10 Poland
12.2.11 Russia
12.2.12 Spain
12.2.13 Sweden
12.2.14 Switzerland
12.2.15 United Kingdom
12.2.16 Rest of Europe
12.3 Middle East and Africa
12.3.1 Egypt
12.3.2 Israel
12.3.3 Qatar
12.3.4 Saudi Arabia
12.3.5 South Africa
12.3.6 United Arab Emirates
12.3.7 Rest of MEA
12.4 Asia-Pacific
12.4.1 Australia
12.4.2 Bangladesh
12.4.3 China
12.4.4 India
12.4.5 Indonesia
12.4.6 Japan
12.4.7 Malaysia
12.4.8 Philippines
12.4.9 Singapore
12.4.10 South Korea
12.4.11 Sri Lanka
12.4.12 Thailand
12.4.13 Taiwan
12.4.14 Rest of Asia
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Active Grow, LLC
14.2 AEssense Corporation
14.3 Agnetix
14.4 Agrolux
14.5 Black Dog Grow Technologies, Inc
14.6 Bridgelux, Inc
14.7 California Lightworks
14.8 EconoLux Industries Ltd
14.9 Everlight Electronics Co Ltd
14.10 EYE Hortilux
14.11 Fagerhult Group
14.12 Gavita International B.V
14.13 GE Current, A Daintree Company
14.14 GE Lighting, A Savant Systems, Inc
14.15 GlacialLight (GlacialTech, Inc)
14.16 Heliospectra AB
14.17 Hortilux Schreder
14.18 Hubbell Incorporated
14.19 Hyperion Grow Lights
14.20 ILUMINAR Lighting
14.21 Illumitex
14.22 LumiGrow, Inc
14.23 Lumileds Holding B.V
14.24 Maxigrow Ltd
14.25 Oreon
14.26 ORION- Horticulture Lighting
14.27 OSRAM Licht AG
14.28 PARsource
14.29 Signify Holding B.V
14.30 Thrive Agritech
14.31 Valoya
14.32 ViparSpectra
14.33 VividGro LED Grow Lights
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Active Grow, LLC
  • AEssense Corporation
  • Agnetix
  • Agrolux
  • Black Dog Grow Technologies, Inc
  • Bridgelux, Inc
  • California Lightworks
  • EconoLux Industries Ltd
  • Everlight Electronics Co Ltd
  • EYE Hortilux
  • Fagerhult Group
  • Gavita International B.V
  • GE Current, A Daintree Company
  • GE Lighting, A Savant Systems, Inc
  • GlacialLight (GlacialTech, Inc)
  • Heliospectra AB
  • Hortilux Schreder
  • Hubbell Incorporated
  • Hyperion Grow Lights
  • ILUMINAR Lighting
  • Illumitex
  • LumiGrow, Inc
  • Lumileds Holding B.V
  • Maxigrow Ltd
  • Oreon
  • ORION- Horticulture Lighting
  • OSRAM Licht AG
  • PARsource
  • Signify Holding B.V
  • Thrive Agritech
  • Valoya
  • ViparSpectra
  • VividGro LED Grow Lights