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Horticulture Lighting Market by Technology, Application, Cultivation, Lighting Type, Offering, and Region - Global Forecast to 2023

  • ID: 4621814
  • Report
  • Region: Global
  • 161 Pages
  • Markets and Markets
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The Overall Horticulture Lighting Market is Estimated to Grow From USD 2.43 Billion in 2018 to USD 6.21 Billion by 2023, at a CAGR of 20.61% From 2018 to 2023.

FEATURED COMPANIES

  • Agrolux
  • Econolux
  • Gavita Holland B.V.
  • Hortilux Schreder B.V.
  • LumiGrow
  • Oreon
  • MORE

The horticulture lighting market estimated to grow at a CAGR of 20.61% from 2018 to 2023

The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023, at a CAGR of 20.61% from 2018 to 2023. The rapid population growth, availability of limited agriculture land, steady supply of crops despite unfavorable weather conditions for farming across geographies, government initiatives to support adoption of energy-efficient LEDs in horticulture, increased year-round high-quality yield, and legalization of cannabis for medicinal purposes are the major driving factors for the horticulture lighting market growth. Retrofitting traditional light sources with LED grow lights and increasing awareness about vertical and indoor farming are the major opportunities in the horticulture lighting market. On the other hand, the high cost of energy-efficient LED grow light technologies, and the feasibility of cultivating a limited number of crop species using horticulture lights are the major challenges for the market players.

Vertical farming application is expected to grow at the highest rate during the forecast period

Demand for horticulture lighting systems for vertical farming applications is expected to increase during the forecast period. Vertical farming is changing the outlook of food production.
In vertical farming, plants are stacked in layers one above the other, utilizing the available space in the best possible way. Consumer demand for high-quality, locally developed food that is free of pesticides and other harmful chemicals is increasing. With vertical farming, space is not a constraint, and cultivators can grow crops even in a square foot of area. Despite changing climatic conditions, vertical farming also allows cultivators to grow all types of crops throughout the year. Increased use of LED horticulture lights is encouraging cultivators to adopt vertical farming on a large scale. Thus, due to the increasing awareness of vertical farming, this segment is expected to grow at the highest rate during the forecast period.

Europe is expected to hold the largest size of the horticulture lighting market during the forecast period

Europe is among the important markets for horticulture lightings. The European Union’s initiatives to boost the adoption of LED grow lights are expected to create more opportunities for the manufacturers of LED modules and lamps in Europe. Gavita (Netherlands), Osram (Germany), and Signify (Philips Lighting) (Netherlands) are the most prominent Europe-based lighting companies. Major European economies, such as the UK, Germany, and France, are investing in indoor horticulture lighting for fresh farm produce. This factor is expected to generate a huge demand for horticulture lighting systems in the future. Technological developments in artificial horticulture lighting have led to the use of efficient and eco-friendly technologies, such as LED grow lights, in Europe; moreover, governments in this region are implementing rigorous resolutions to ban the use of incandescent bulbs. In fact, the European Commission has proposed to eliminate the use of halogen lamps completely by 2018.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:

  • By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
  • By Designation: – C-Level Executives – 55%, Directors – 15%, and Others – 30%
  • By Region: North America – 40%, Europe – 20%, APAC – 25%, and RoW – 15%

Major companies covered in the horticulture lighting market report are Signify (Philips Lighting) (Netherlands), Gavita (Netherlands), GE Lighting (US), Osram (Germany), Agrolux (Netherlands), Heliospectra (Sweden), Hortilux Schreder (Netherlands), Lumileds (Netherlands), PARsource (US), Illumitex (US), Hubbell (US), Maxigrow (UK), Bridgelux (US), Eye Hortilux (US), and Lumigrow (US).

Research Coverage:

  • Major applications for horticulture lighting systems are greenhouses, vertical farming, indoor farming, and others (research and tissue culture)
  • By offering, the horticulture lighting market is segmented into hardware, and software and services
  • By technology, the horticulture lighting market is segmented into fluorescent lamps, high-intensity discharge (HID) lights, LED lights, and other technologies (plasma and induction lamps)
  • By lighting type, the horticulture lighting market is segmented into toplighting and interlighting
  • By cultivation, the horticulture lighting market is segmented into fruits and vegetables, and floriculture
  • The geographic analysis is done with regard to major 4 regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

Reasons to Buy This Report:

From an insight perspective, this research report has focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of the horticulture lighting market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to horticulture lighting market.

The report provides insights on the following pointers:

  • Market penetration: Comprehensive information on horticulture lighting offered by the top players in the overall horticulture lighting market
  • Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and product launches in the horticulture lighting market
  • Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for horticulture lighting across regions
  • Market diversification: Exhaustive information about untapped geographies, recent developments, and investments in the overall horticulture lighting market
  • Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of the leading players in the horticulture lighting market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agrolux
  • Econolux
  • Gavita Holland B.V.
  • Hortilux Schreder B.V.
  • LumiGrow
  • Oreon
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Horticulture Lighting Market
4.2 Horticulture Lighting Market, By Offering and Cultivation
4.3 Horticulture Lighting Market, By Technology
4.4 Horticulture Lighting Market, By Application and Region
4.5 Horticulture Lighting Market, By Lighting Type
4.6 Horticulture Lighting Market, By Region

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Rapid Population Growth and Availability of Limited Agricultural Land
                5.2.1.2 A Steady Supply of Crops Despite Unfavorable Weather Conditions for Farming Across Geographies
                5.2.1.3 Government Initiatives to Support Adoption of Energy-Efficient LEDs in Horticulture
                5.2.1.4 Increased Year-Round High-Quality Yield
                5.2.1.5 Legalization of Cannabis for Medicinal Purposes
       5.2.2 Restraints
                5.2.2.1 High Cost of Energy-Efficient LED Grow Light Technologies
                5.2.2.2 Feasibility of Cultivating Limited Number of Crop Species
       5.2.3 Opportunities
                5.2.3.1 Retrofitting Traditional Lighting Sources With LED Grow Lights
                5.2.3.2 Increasing Awareness About Vertical and Indoor Farming
       5.2.4 Challenges
                5.2.4.1 Adoption of Controlled-Environment Agriculture Technique for Large-Sized Fields
                5.2.4.2 Requirement for Different Light Spectrums for Certain Crop Varieties
                5.2.4.3 Scarcity of Required Technical Know-How

6 Industry Trends

6.1 Introduction
6.2 Value Chain Analysis
       6.2.1 Spectrum Analysis
                6.2.1.1 Partial Spectrum
                6.2.1.2 Full Spectrum

7 Horticulture Lighting Market, By Offering

7.1 Introduction
7.2 Hardware
7.3 Software and Services

8 Horticulture Lighting Market, By Technology

8.1 Introduction
8.2 Fluorescent
       8.2.1 T5
       8.2.2 Cfl
8.3 High-Intensity Discharge (Hid)
       8.3.1 High-Pressure Sodium Lamp
       8.3.2 Metal-Halide Lamp
8.4 LED
8.5 Other Technologies

9 Horticulture Lighting Market, By Lighting Type

9.1 Introduction
9.2 Toplighting
9.3 Interlighting

10 Horticulture Lighting Market, By Cultivation

10.1 Introduction
10.2 Fruits and Vegetables
10.3 Floriculture

11 Horticulture Lighting Market, By Application

11.1 Introduction
11.2 Greenhouses
11.3 Vertical Farming
11.4 Indoor Farming
11.5 Others

12 Geographic Analysis

12.1 Introduction
12.2 North America
        12.2.1 US
        12.2.2 Canada
        12.2.3 Mexico
12.3 Europe
        12.3.1 UK
        12.3.2 Germany
        12.3.3 Netherlands
        12.3.4 Scandinavia
        12.3.5 Rest of Europe
12.4 Asia Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 Australasia
        12.4.4 Rest of APAC
12.5 Rest of the World (RoW)
        12.5.1 Middle East
        12.5.2 Africa
        12.5.3 South America

13 Competitive Landscape

13.1 Overview
13.2 Market Ranking Analysis 2017
13.3 Competitive Scenario
13.4 Recent Developments (Top 5 Players)
        13.4.1 Product Launches
        13.4.2 Partnerships/Collaborations/Agreements

14 Company Profiles

14.1 Key Players
        14.1.1 Signify (Philips Lighting)
        14.1.2 Gavita Holland B.V.
        14.1.3 GE Lighting (GE Lighting + Current)
        14.1.4 OSRAM (Opto Semiconductors)
        14.1.5 Agrolux
        14.1.6 Heliospectra
        14.1.7 Hortilux Schreder B.V.
        14.1.8 Lumileds
        14.1.9 PARsource
          14.1.10 Illumitex
14.2 Other Key Players
        14.2.1 Hubbell
        14.2.2 Maxigrow
        14.2.3 Bridgelux
        14.2.4 Eye Hortilux
        14.2.5 LumiGrow
14.3 Start-Up Ecosystem
        14.3.1 AXP Technology
        14.3.2 Fluence Bioengineering
        14.3.3 Shenzhen Sanxinbao Semiconductor Lighting (Evergrow)
        14.3.4 Valoya
        14.3.5 Oreon
        14.3.6 Econolux

15 Appendix

List of Tables

Table 1 Currency Table
Table 2 Horticulture Lighting Market, By Offering, 2015–2023 (USD Million)
Table 3 Horticulture Lighting Market in North America, By Offering, 2015–2023 (USD Million)
Table 4 Horticulture Lighting Market in Europe, By Offering, 2015–2023 (USD Million)
Table 5 Horticulture Lighting Market in APAC, By Offering, 2015–2023 (USD Million)
Table 6 Horticulture Lighting Market in RoW, By Offering, 2015–2023 (USD Million)
Table 7 Horticulture Lighting Market for Hardware, By Region, 2015–2023 (USD Million)
Table 8 Horticulture Lighting Market for Software and Services, By Region, 2015–2023 (USD Million)
Table 9 Horticulture Lighting Market, By Technology, 2015–2023 (USD Million)
Table 10 Horticulture Lighting Market, By Technology, 2015–2023 (Thousand Units)
Table 11 Horticulture Lighting Market in North America, By Technology, 2015–2023 (USD Million)
Table 12 Horticulture Lighting Market in Europe, By Technology, 2015–2023 (USD Million)
Table 13 Horticulture Lighting Market in APAC, By Technology, 2015–2023 (USD Million)
Table 14 Horticulture Lighting Market in RoW, By Technology, 2015–2023 (USD Million)
Table 15 Horticulture Lighting Market for Fluorescent Lights, By Region, 2015–2023 (USD Million)
Table 16 Horticulture Lighting Market for Fluorescent Lights in Greenhouses, By Region, 2015–2023 (USD Million)
Table 17 Horticulture Lighting Market for Fluorescent Lights in Vertical Farming, By Region, 2015–2023 (USD Million)
Table 18 Horticulture Lighting Market for Fluorescent Lights in Indoor Farming, By Region, 2015–2023 (USD Million)
Table 19 Horticulture Lighting Market for Fluorescent Lights in Other Applications, By Region, 2015–2023 (USD Million)
Table 20 Horticulture Lighting Market for Hid Lights, By Region, 2015–2023 (USD Million)
Table 21 Horticulture Lighting Market for LED Lights, By Region, 2015–2023 (USD Million)
Table 22 Horticulture Lighting Market for LED Lights in Greenhouses, By Region, 2015–2023 (USD Million)
Table 23 Horticulture Lighting Market for LED Lights in Vertical Farming, By Region, 2015–2023 (USD Million)
Table 24 Horticulture Lighting Market for LED Lights in Indoor Farming, By Region, 2015–2023 (USD Million)
Table 25 Horticulture Lighting Market for LED Lights in Other Applications, By Region, 2015–2023 (USD Million)
Table 26 Horticulture Lighting Market for Other Technologies, By Region, 2015–2023 (USD Million)
Table 27 Horticulture Lighting Market, By Lighting Type, 2015–2023 (USD Million)
Table 28 Horticulture Lighting Market in North America, By Lighting Type, 2015–2023 (USD Million)
Table 29 Horticulture Lighting Market in Europe, By Lighting Type, 2015–2023 (USD Million)
Table 30 Horticulture Lighting Market in APAC, By Lighting Type, 2015–2023 (USD Million)
Table 31 Horticulture Lighting Market in RoW, By Lighting Type, 2015–2023 (USD Million)
Table 32 Horticulture Lighting Market for Toplighting, By Region, 2015–2023 (USD Million)
Table 33 Horticulture Lighting Market for Interlighting, By Region, 2015–2023 (USD Million)
Table 34 Horticulture Lighting Market, By Cultivation, 2015–2023 (USD Million)
Table 35 Horticulture Lighting Market in North America, By Cultivation, 2015–2023 (USD Million)
Table 36 Horticulture Lighting Market in Europe, By Cultivation, 2015–2023 (USD Million)
Table 37 Horticulture Lighting Market in APAC, By Cultivation, 2015–2023 (USD Million)
Table 38 Horticulture Lighting Market in RoW, By Cultivation, 2015–2023 (USD Million)
Table 39 Horticulture Lighting Market for Fruits & Vegetables, By Region, 2015–2023 (USD Million)
Table 40 Horticulture Lighting Market for Floriculture, By Region, 2015–2023 (USD Million)
Table 41 Horticulture Lighting Market, By Application, 2015–2023 (USD Million)
Table 42 Horticulture Lighting Market for Fluorescent Lights, By Application, 2015–2023 (USD Million)
Table 43 Horticulture Lighting Market for Hid Lights, By Application, 2015–2023 (USD Million)
Table 44 Horticulture Lighting Market for LED Lights, By Application, 2015–2023 (USD Million)
Table 45 Horticulture Lighting Market for Other Lighting Technologies, By Application, 2015–2023 (USD Million)
Table 46 Horticulture Lighting Market for Greenhouses, By Technology, 2015–2023 (USD Million)
Table 47 Horticulture Lighting Market for Greenhouses, By Region, 2015–2023 (USD Million)
Table 48 Horticulture Lighting Market for Vertical Farming, By Technology, 2015–2023 (USD Million)
Table 49 Horticulture Lighting Market for Vertical Farming, By Region, 2015–2023 (USD Million)
Table 50 Horticulture Lighting Market for Indoor Farming, By Technology, 2015–2023 (USD Million)
Table 51 Horticulture Lighting Market for Indoor Farming, By Region, 2015–2023 (USD Million)
Table 52 Horticulture Lighting Market for Other Applications, By Technology, 2015–2023 (USD Million)
Table 53 Horticulture Lighting Market for Other Applications, By Region, 2015–2023 (USD Million)
Table 54 Horticulture Lighting Market, By Region, 2015–2023 (USD Million)
Table 55 Horticulture Lighting Market in North America, By Application, 2015–2023 (USD Million)
Table 56 Horticulture Lighting Market in North America, By Country, 2015–2023 (USD Million)
Table 57 Horticulture Lighting Market in Europe, By Application, 2015–2023 (USD Million)
Table 58 Horticulture Lighting Market in Europe, By Country, 2015–2023 (USD Million)
Table 59 Horticulture Lighting Market in APAC, By Application, 2015–2023 (USD Million)
Table 60 Horticulture Lighting Market in APAC, By Country, 2015–2023 (USD Million)
Table 61 Horticulture Lighting Market in RoW, By Application, 2015–2023 (USD Million)
Table 62 Horticulture Lighting Market in RoW, By Region, 2015–2023 (USD Million)
Table 63 Ranking of Key Players in Horticulture Lighting Market, 2017
Table 64 Product Launches, 2015–2018
Table 65 Partnerships/Collaborations/Agreements, 2014–2017
 
List of Figures
 
Figure 1 Market Segmentation
Figure 2 Horticulture Lighting Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Hardware Held Larger Share of Horticulture Lighting Market, Based on Offering, in 2017
Figure 7 LED Lights to Command Horticulture Lighting Market, Based on Technology, During Forecast Period
Figure 8 Toplighting Accounted for Larger Size of Horticulture Lighting Market, Based on Lighting Type, in 2017
Figure 9 Fruits & Vegetables Accounted for Larger Share of Horticulture Lighting Market Than Floriculture in 2017
Figure 10 Vertical Farming to Witness Highest CAGR in Horticulture Lighting Market, Based on Application, From 2018 to 2023
Figure 11 Global Horticulture Lighting Market, By Region, 2017
Figure 12 Increasing Vertical Farming Practices to Drive Horticulture Lighting Market Growth During 2018–2023
Figure 13 Hardware Held Larger Share of Market, Based on Offering, While Fruits and Vegetables Held Larger Share of Market, Based on Cultivation, in 2017
Figure 14 LED Lights Accounted for Largest Market Share, in Terms of Value, in 2017
Figure 15 Greenhouses and North America Held Largest Share of Market Based on Application and Region, Respectively, in 2017
Figure 16 Toplighting Held Larger Market Share Than Interlighting, in Terms of Value, in 2017
Figure 17 Horticulture Lighting Market in APAC Expected to Grow at Highest Rate From 2018 to 2023
Figure 18 Growing Population and Availability of Limited Arable Land Drives Demand for Horticulture Lighting Products
Figure 19 World Population Versus Arable Land
Figure 20 Value Chain Analysis: Major Value Added By Component Manufacturers and System Integrators
Figure 21 Horticulture Lighting Market, By Offering
Figure 22 Software and Services Segment to Exhibit Higher CAGR in Horticulture Lighting Market in APAC From 2018 to 2023
Figure 23 North America to Witness Highest CAGR in Horticulture Lighting Market for Software and Services During 2018–2023
Figure 24 Horticulture Lighting Market, By Technology
Figure 25 LED Lights to Dominate North American Horticulture Lighting Market During 2018–2023
Figure 26 APAC to Exhibit Highest CAGR in Horticulture Lighting Market for Fluorescent Technology From 2018 to 2023
Figure 27 APAC to Witness Highest CAGR in Horticulture Lighting Market for Hid Lights From 2018 to 2023
Figure 28 Horticulture Lighting Market, By Lighting Type
Figure 29 Toplighting Expected to Account for Larger Size of European Horticulture Lighting Market By 2023
Figure 30 APAC Expected to Witness Highest CAGR in Horticulture Lighting Market for Interlighting From 2018 to 2023
Figure 31 Horticulture Lighting Market, By Cultivation
Figure 32 Fruits & Vegetables to Account for Largest Size of Horticulture Lighting Market in APAC During Forecast Period
Figure 33 Europe to Hold Largest Size of Horticulture Lighting Market for Floriculture By 2023
Figure 34 Horticulture Lighting Market, By Application
Figure 35 Indoor Farming Expected to Exhibit Highest CAGR in Horticulture Lighting Market for LED Lights From 2018 to 2023
Figure 36 APAC Expected to Exhibit Highest CAGR in Horticulture Lighting Market for Greenhouses From 2018 to 2023
Figure 37 LED Lights to Witness Highest CAGR in Horticulture Lighting Market for Indoor Farming During Forecast Period
Figure 38 Horticulture Lighting Market, By Region
Figure 39 China to Witness Highest CAGR in Horticulture Lighting Market During Forecast Period
Figure 40 Geographic Snapshot of Horticulture Lighting Market in North America
Figure 41 Geographic Snapshot of Horticulture Lighting Market in Europe
Figure 42 Netherlands Estimated to Hold Largest Share of Horticulture Lighting Market in Europe By 2023
Figure 43 Geographic Snapshot of Horticulture Lighting Market in Asia Pacific
Figure 44 Vertical Farming Application to Witness Highest CAGR in Horticulture Lighting Market in RoW From 2018 to 2023
Figure 45 Companies Adopted New Product Launches as Key Growth Strategy From 2014 to 2018
Figure 46 Market Evaluation Framework of Top 5 Player: Collaborations and Partnerships Fuelled Growth and Innovation From 2016 to 2018
Figure 47 Signify (Philips Lighting): Company Snapshot
Figure 48 GE Lighting (GE + Current): Company Snapshot
Figure 49 OSRAM GmbH: Company Snapshot
Figure 50 Heliospectra: Company Snapshot

Note: Product cover images may vary from those shown
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  • Signify (Philips Lighting)
  • Gavita Holland B.V.
  • GE Lighting
  • OSRAM
  • Agrolux
  • Heliospectra
  • Hortilux Schreder B.V.
  • Lumileds
  • PARsource
  • Illumitex
  • Hubbell
  • Maxigrow
  • Bridgelux
  • Eye Hortilux
  • LumiGrow
  • AXP Technology
  • Fluence Bioengineering
  • Shenzhen Sanxinbao Semiconductor Lighting (Evergrow)
  • Valoya
  • Oreon
  • Econolux
Note: Product cover images may vary from those shown
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