Global Horticulture Lighting Market Research Report—Forecast till 2024

Global Horticulture Lighting Market Research Report: by Technology (Fluorescent Lighting, High Intensity Discharge, LED, Others), Lighting Type (Toplighting, Interlighting), by Cultivation (Fruits & Vegetables, Floriculture), by Application (Greenhouse, Vertical Farming, Indoor Farming, Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Forecast till 2024

Market Analysis
The Horticulture Lighting Market is projected to grow at 19.17% CAGR, witnessing significant growth during the forecast period. The market was valued at USD 2476.5 Million in the year 2018; it is projected to reach USD 7040.0 Million by the year 2024. Horticulture is a branch of plant agriculture that deals with garden crops such as fruits, vegetables, and ornamental plants Horticulture lighting is an artificial light source which is used to make it easier for photosynthesis. This process is very significant in areas where there is a lack of proper sunlight. Lack of sunlight or any other source of light required for photosynthesis makes the plants weak and incapable to grow. Europe is responsible for the major market value of USD 797.8 Million in the year 2018; the market is expected to register a CAGR of 18.58% during the forecast period.

Market Segmentation
Based on technology, the market has been categorized as fluorescent lighting, high-intensity discharge, LED, others. The high-intensity discharge segment accounted for the larger market share in the year 2018, with a market value of USD 904.7 Million during the forecast period. The fluorescent lamps constitute the second-largest segment. Fluorescent lighting is a technology that depends on a chemical reaction inside a glass tube for creating light. High-intensity discharge (HID) is a type of gas-discharge lighting method that uses electrical current sent across two electrodes within plasma or ionized gas. LED is a highly energy-efficient lighting technology and has the potential to fundamentally change the future of lighting. Rapid population growth and availability of limited arable land, government investments, and initiatives and an increased year-round high-quality yield are factors that are expected to lead horticulture lighting market during the forecast period. However, high capital cost associated with LED grow light technologies is expected to limit the market growth during the forecast period. Further, the adoption of vertical and indoor farming can offer a number of opportunities for the global horticulture lighting market during the forecast period.

Major Players
Gavita (Netherlands), GE Lighting (US), Heliospectra (Sweden), Hortilux Schreder (Netherlands), Lumileds (Netherlands), PARsource (US), and Illumitex (US), Signify (Philips Lighting) (Netherlands), Osram (Germany), Agrolux (Netherlands) are some of main players in Global Horticulture Lighting Market.

Regional Analysis
Geographically, the Global Horticulture Lighting Market, has been split into regions like Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Europe is projected to take over the horticulture lighting market during the forecast period due to the growth in city farming along with the advancement in technology.

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION

2 MARKET INTRODUCTION
2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 TOP-DOWN & BOTTOM-UP APPROACH

3.6 FORECASTING TECHNIQUES

3.7 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 DRIVERS

5.1.1 RAPID POPULATION GROWTH AND AVAILABILITY OF LIMITED AGRICULTURAL LAND

5.1.2 INCREASED IN YEAR-ROUND HIGH-QUALITY YIELD

5.1.3 GOVERNMENT INVESTMENTS AND INITIATIVES

5.1.4 DRIVERS IMPACT ANALYSIS

5.2 RESTRAINT

5.2.1 HIGH CAPITAL COST ASSOCIATED WITH LED GROW LIGHT TECHNOLOGIES

5.2.2 RESTRAINT IMPACT ANALYSIS

5.3 OPPORTUNITY

5.3.1 ADOPTION OF VERTICAL AND INDOOR FARMING

6 GLOBAL HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
6.1 FLUORESCENT LIGHTING

6.2 HIGH INTENSITY DISCHARGE

6.3 LED LIGHT

6.4 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

7 GLOBAL HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
7.1 OVERVIEW

7.2 TOPLIGHTING

7.3 INTERLIGHTING

7.4 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

8 GLOBAL HORTICULTURE LIGHTING MARKET, BY CULTIVATION
8.1 OVERVIEW

8.2 FRUITS & VEGETABLES

8.3 FLORICULTURE

8.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

9 GLOBAL HORTICULTURE LIGHTING MARKET, BY APPLICATION
9.1 GREENHOUSE

9.2 VERTICAL FARMING

9.3 INDOOR FARMING

9.4 OTHERS

9.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

10 GLOBAL HORTICULTURE LIGHTING MARKET, BY REGION
10.1 MARKET ESTIMATES AND FORECAST, BY REGION, 2018–2024

10.2 NORTH AMERICA

10.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2018–2024

10.2.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

10.2.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

10.2.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

10.2.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

10.2.6 US

10.2.7 CANADA

10.3 MEXICO

10.3.2 EUROPE

10.3.3 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2018–2024

10.3.4 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

10.3.5 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

10.3.6 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

10.3.7 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

10.3.8 UK

10.3.9 GERMANY

10.3.10 FRANCE

10.3.11 REST OF EUROPE

10.4 ASIA-PACIFIC

10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2018–2024

10.4.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

10.4.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

10.4.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

10.4.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

10.4.6 CHINA

10.4.7 JAPAN

10.4.8 INDIA

10.4.9 REST OF ASIA-PACIFIC

10.5 MIDDLE EAST AND AFRICA

10.5.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2018–2024

10.5.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

10.5.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

10.5.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

10.5.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

10.6 CENTRAL AND SOUTH AMERICA

10.6.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2018–2024

10.6.2 MARKET ESTIMATES AND FORECAST, BY TECHNOLOGY, 2018–2024

10.6.3 MARKET ESTIMATES AND FORECAST, BY LIGHTING TYPE, 2018–2024

10.6.4 MARKET ESTIMATES AND FORECAST, BY CULTIVATION, 2018–2024

10.6.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2018–2024

11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW

11.2 MAJOR GROWTH STRATEGY IN HORTICULTURE LIGHTING MARKET

11.3 COMPETITIVE BENCHMARKING

11.4 DASHBOARD: THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN HORTICULTURE LIGHTING MARKET

11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES

11.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENTS

11.5.2 PARTNERSHIPS/COLLABORTIONS/CONTRACTS

12 COMPANY PROFILES
12.1 BRIDGELUX, INC.

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 PRODUCTS OFFERED

12.1.4 KEY DEVELOPMENTS

12.1.5 SWOT ANALYSIS

12.1.6 KEY STRATEGIES

12.2 LUMIGROW, INC.

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 EYE HORTILUX

12.3.1 COMPANY OVERVIEW

12.3.2 FINANCIAL OVERVIEW

12.3.3 PRODUCTS OFFERED

12.3.4 KEY DEVELOPMENTS

12.3.5 SWOT ANALYSIS

12.3.6 KEY STRATEGIES

12.4 MAXIGROW LTD

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 SIGNIFY HOLDING. (PHILIPS LIGHTING)

12.5.1 COMPANY OVERVIEW

12.5.2 FINANCIAL OVERVIEW

12.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.5.4 KEY DEVELOPMENTS

12.5.5 SWOT ANALYSIS

12.5.6 KEY STRATEGIES

12.6 GE LIGHTING

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.6.4 KEY DEVELOPMENTS

12.6.5 SWOT ANALYSIS

12.6.6 KEY STRATEGIES

12.7 HORTILUX SCHREDER

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.7.4 KEY DEVELOPMENTS

12.7.5 SWOT ANALYSIS

12.7.6 KEY STRATEGIES

12.8 OSRAM LICHT AG

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.8.4 KEY DEVELOPMENTS

12.8.5 SWOT ANALYSIS

12.8.6 KEY STRATEGIES

12.9 GAVITA INTERNATIONAL B.V.

12.9.1 COMPANY OVERVIEW

12.9.2 FINANCIAL OVERVIEW

12.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.9.4 KEY DEVELOPMENTS

12.9.5 SWOT ANALYSIS

12.9.6 KEY STRATEGIES

12.10 LUMILEDS HOLDING B.V.

12.10.1 COMPANY OVERVIEW

12.10.2 FINANCIAL OVERVIEW

12.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.10.4 KEY DEVELOPMENTS

12.10.5 SWOT ANALYSIS

12.11 HUBBELL LIGHTING

12.11.1 COMPANY OVERVIEW

12.11.2 FINANCIAL OVERVIEW

12.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.11.4 KEY DEVELOPMENTS

12.11.5 SWOT ANALYSIS

12.12 AGROLUX

12.12.1 COMPANY OVERVIEW

12.12.2 FINANCIAL OVERVIEW

12.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.12.4 KEY DEVELOPMENTS

12.12.5 SWOT ANALYSIS

12.13 PARSOURCE

12.13.1 COMPANY OVERVIEW

12.13.2 FINANCIAL OVERVIEW

12.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.13.4 KEY DEVELOPMENTS

12.13.5 SWOT ANALYSIS

12.14 ILLUMITEX

12.14.1 COMPANY OVERVIEW

12.14.2 FINANCIAL OVERVIEW

12.14.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.14.4 KEY DEVELOPMENTS

12.14.5 SWOT ANALYSIS

12.15 HELIOSPECTRA AB

12.15.1 COMPANY OVERVIEW

12.15.2 FINANCIAL OVERVIEW

12.15.3 PRODUCTS OFFERED

12.15.4 KEY DEVELOPMENTS

12.15.5 SWOT ANALYSIS

12.15.6 KEY STRATEGIES