Horticulture Lighting Market Revolution: Understanding the Market...

Horticulture Lighting Market Revolution: Understanding the Market and Its Impact

Posted 2025-03-06 05:53:03

The Horticulture Lighting Market is Valued USD 3.9 billion in 2024 and projected to reach USD 24.2 billion by 2032, growing at a CAGR of 22.5% During the Forecast period of 2024-2032.

The horticulture lighting market is experiencing significant growth, driven by the rising demand for efficient and sustainable agricultural practices. As indoor and greenhouse farming expand to meet the needs of urban populations, advanced lighting solutions such as LED and high-intensity discharge (HID) lights are being widely adopted. These technologies optimize plant growth by providing the necessary light spectrum for photosynthesis, improving crop yield and quality. Additionally, the increasing legalization of cannabis cultivation and advancements in controlled environment agriculture (CEA) are further accelerating market expansion, as growers seek energy-efficient lighting solutions to maximize production while reducing operational costs.

Innovations in horticulture lighting are also being propelled by the integration of smart technologies, including IoT-based monitoring systems and AI-driven spectral adjustments. These developments allow growers to precisely control light intensity, duration, and spectrum based on real-time data, ensuring optimal plant growth under varying conditions. Government initiatives promoting sustainable farming and the rising interest in vertical farming are also key factors driving market growth. With ongoing research and product advancements, the horticulture lighting market is poised to witness continued expansion, catering to a growing demand for high-quality, year-round crop production....

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Horticulture Lighting industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Horticulture Lighting market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

Signify Holding (Phillips Lighting), Gavita International B.V., Heliospectra, ams-OSRAM International GmbH, California LightWorks, Valoya, Hortilux Schréder, ILUMINAR Lighting, Current Lighting Solutions, LLC., GE Lighting (SAVANT TECHNOLOGIES LLC.), ACUITY BRANDS, INC, Lumileds Holding B.V., Cree LED an SGH company, TCP Lighting, PARsource, EconoLux Industries Ltd., Oreon, GlacialLight - Division of GlacialTech Inc., Black Dog Horticulture Technologies & Consulting, ViparSpectra, Active Grow, Agnetix, Thrive Agritech, Bridgelux, Inc., and Kroptek and Others.

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Horticulture Lighting market.

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It has segmented the global Horticulture Lighting market

By Lighting Type

Toplighting
Interlighting

By Offering

Hardware
Software
Services

By Technology

Fluorescent
High-intensity Discharge (HID)
Light-emitting Diode (LED)
Others

Key Objectives of the Global Horticulture Lighting Market Report:

The report conducts a comparative assessment of the leading market players participating in the global Horticulture Lighting
The report marks the notable developments that have recently taken place in the Horticulture Lighting industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Horticulture Lighting market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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