Europe Horticulture Lighting Market Is Projected to Move Ahead at a...

Europe Horticulture Lighting Market Is Projected to Move Ahead at a CAGR of 17.6% by 2027

Posted 2023-04-26 08:14:40

Europe Horticulture Lighting Market, By Offering (Hardware, Software & Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits & Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe) – Industry Trends and Forecast to 2027

· Europe horticulture lighting market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 17.6% in the forecast period of 2020 to 2027 and expected to reach USD 7,834.02 million by 2027 from USD 2,139.33 million in 2019. Increasing concern about pollution and depleting fossil fuel sources are the factors for the market growth.

Europe Horticulture Lighting Market Scope and Market Size

· On the basis of offering, the market is segmented into hardware, software, and services. The indoor and vertical farming technology has the basic requirement of hardware for the cultivation of crops. This basic requirement of the hardware to build indoor and vertical farms is the major factor which helps the hardware segment to dominate the horticulture lighting market.

· On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share as it offers enhanced crop yields to the farmers.

· On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. The toplighting segment is accounted with the largest market share as it acts as an important source for the plant growth helping the plant to prepare their food through artificial method.

· On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the horticulture lighting market as the rising demand for the fresh vegetables and fruits has tends to increase the production of these vegetables. Moreover, these vegetables are easily grown in the controlled lighting conditions. In addition to this, the changes in the lifestyles of the developing countries become more conscious to their health. As these vegetables have high amount of nutritional value which further increase its demand in the coming future.

· On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has growing with the highest share as it provides maximum yield by producing perfect UV rays intensity. This helps the crops to develop photosynthesis process which results in better crop growth at indoor location.

· On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming and others. Indoor farming is dominating the market, as it is most preferable method of cultivation. Indoor farming or urban farming is the method of crop cultivation entirely in the indoor conditions. This farming method often utilizes crop growing methods such as aeroponics, hydroponics which uses artificial light to supply the essential nutrients and light concentrations needed for the growth of crops. Indoor farming is being used on a larger scale to fulfil the demand of local food supply.

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Europe Horticulture Lighting Market Regional Analysis/Insights

· The countries covered in the horticulture lighting market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and Rest of Europe in Europe.

Competitive Landscape and Europe Horticulture Lighting Market

· The Europe Horticulture Lighting Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Europe Horticulture Lighting Market.

Some of the major players operating in the Europe Horticulture Lighting Market are

· BSSLED manufacturing Ltd.,

· Cropmaster LED,

· FORGE EUROPA,

· GREENS HYDROPONICS,

· Hortisystems UK Ltd,)

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MAJOR TOC OF THE REPORT

INTRODUCTION

MARKET SEGMENTATION

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

QUESTIONNAIRE

To Check the Complete Table of Content Click Here @

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