Horticulture Lighting Market by Technology (Fluorescent, HID and LED), Application (Greenhouses, Vertical Farms, Indoor Farms), Cultivation, Lighting Type, Offering, Installation and Region (2022-2027)
[281 Pages Report] The global horticulture lighting market is projected to grow from USD 3.1 billion in 2022 to USD 9.4 billion by 2027; it is expected to grow at a CAGR of 24.5% from 2022 to 2027.
The key factors fueling the growth of this market include rising number of government initiatives to promote the adoption of CEA practices and SSL technology, growing demand for food owing to the continuously increasing population, increased funding to develop vertical farms and greenhouses, and ongoing legalization of cannabis cultivation.
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COVID-19 Impact on the global horticulture lighting market
The horticulture lighting market includes key companies such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), Helliospectra AB (Sweden), LumiGrow Inc. (US), Hortilux Schréder (Netherlands), Eye Hortilux (US), ILUMINAR Lighting (US), GE Current, A Daintree Company (US), PARsource (US), GE Lighting, A Savat Company (US), Hubbell (US), and Agrolux (Netherlands). These companies have their manufacturing facilities and corporate offices spread across various countries across Asia Pacific, Europe, North America, and RoW. The horticulture lighting products manufactured by these companies are purchased by several stakeholders for various applications. COVID-19 not only impacted the operations of the various horticulture lights manufacturers companies, but also affected the businesses of their suppliers and distributors. The fall in export shipments and slow domestic demand for horticulture lighting in comparison to pre COVID-19 levels is also expected to negatively impact and slightly stagnate the demand for horticulture lights in short term. The key companies operating in this market, have also witnessed the impact of the pandemic in their order intakes for horticulture lighting during the first half of 2020.
Horticulture lighting market dynamics
Driver: Strong government support for controlled-environment agriculture (CEA) practices and adoption of SSL technology
Controlled-environment agriculture (CEA) has grown beyond a niche technology and has now become a tangible option for increasing food security while protecting the environment. Fueled by year-round market demand for local food, as well as by advancements in vertical farming and greenhouse technology, CEA technology is being adopted at a rapid rate to optimize the use of space, energy, water, labor, and capital. In CEA, plants are grown in a controlled environment, such as greenhouses, indoor farms, or vertical farms, for the efficient production of fresh, high-quality fruits and vegetables. CEA facilities allow fruits and vegetables to be produced near the population centers where they will be consumed.
Restraint: High setup and installation costs of LED horticulture lights
The use of horticulture lighting is increasing with the rising awareness about the benefits offered by these solutions. Different sources of artificial lights have been used to grow plants indoors. Earlier, HPS and electric ballasts were widely used in indoor farming as effective sources of light. Nowadays, LEDs are in trend; these lights overcome the drawbacks of high-pressure sodium (HPS), fluorescent (FL), metal-halide lights, and electric ballasts. However, the initial capital required for the purchase of good-quality LED lights is higher than that of conventional lighting technologies, such as FL and high-intensity discharge (HID) lamps. This is mainly because each LED light unit contains arrays of LEDs, specially designed for horticultural applications. Often, these units contain different types of LEDs with variation in watts and wavelengths to provide a broad range of light spectrum and intensity for different types of plants. High-powered LED grow lights are available in the market for prices starting from USD 500. A high-quality, full-spectrum LED grow light can be installed as the primary light source for commercial indoor growing.
Opportunity: Consolidating trend of farm-to-table concept
The farm-to-table concept involves bringing local food to restaurants, cafeterias, food joints, and other locations within the same community. There is a growing demand for locally grown food, and the number of diners who are interested in eating such meals is increasing day by day. As the concept has endured, more people have joined in, and there is no doubt that the overall awareness of eating locally grown food has increased nowadays. Thus, the farm-to-table concept is no longer limited to the health-conscious or trend-aware eaters. The desire for more local ingredients could soon be spread into several different markets within the hospitality industry. Horticulture lighting promises timely availability of yield in the case of farm-to-table restaurants. With the help of CEA, food can be made available in the desired quality and quantity although the demand keeps on increasing. The impact of this factor is expected to increase in the coming years owing to the increase in demand for locally grown food.
Challenge: Complexities associated with deployment of controlled environment agriculture technology in large fields and high need for technical know-how
In controlled environment agriculture (CEA), plants require light, water, nutrients, and climate control devices for their growth. These requirements need to be supplied externally at a specific cost. In vertical farms and greenhouse facilities, energy consumed per plant is the same, no matter how large the facility is, for which a well-equipped infrastructure is required. In a nutshell, the cost of capital involved is directly proportional to the area of a greenhouse or vertical facility. Moreover, it is challenging to monitor and maintain these facilities, and highly effective management and maintenance teams are required to manage these facilities. This could affect the profitability of the growers, posing a major challenge for them. The design and development of horticulture lighting fixtures for plant growth are related to their working mechanism. In horticulture lighting systems, different light sources emit light of different spectra as the plant response to light depends on the color of light it receives.
Retrofit installations segment is expected to register a higher CAGR during the forecast period
Retrofit installations segment is expected to register a higher CAGR during the forecast period by installation type. The retrofitting of light fixtures in commercial greenhouses and vertical farms helps in saving energy, providing supplemental light for improving the quality of plants, and reducing their maintenance and labor costs. This, in turn, results in low operating costs of commercial greenhouses and vertical farms. Grow lights require to operate for nearly 14 to 18 hours daily, depending on the types of plants that are being cultivated. The retrofitting of HID lamps with LED grow lights results in their high efficiency, lightweight, and long life. Thus, growers may retrofit their existing growing units with any of the available lighting technologies provided it results in high yields and enhanced profitability. These factors are expected to drive the growth of the retrofit installations market globally.
Interlighting segment is expected to witness higher CAGR growth during the forecast period
Interlighting segment is expected to witness the highest CAGR growth during the forecast period, by lighting type. Interlighting increases light reception at middle or low levels of canopies that usually receive less light. Interlighting provides high light efficacy, which results in more yields than toplighting and it mostly uses LED lights. Increasing number of greenhouses for tomatoes and cucumber cultivation is also expected to drive the growth of interlighting market.
Vertical farming segment for horticulture lighting market is expected to witness the highest CAGR growth during the forecast period
The vertical farming segment of the horticulture lighting market is expected to register the highest CAGR growth during the forecast period by application. Vertical farms are being setup in several parts of the world; North America, Europe, the Middle East, China, and Japan are the leading investors in vertical farm projects. Several established corporations have started providing funds to encourage entrepreneurs to establish vertical farms.
Europe is projected to register the largest market share of the horticulture lighting market in 2027
Europe is projected to register the largest market share of the horticulture lighting market in 2027. The growth of the market in this region can be attributed to the fact that the region has the strongest economies in the world, along with flourishing industries that lead to increased capital investment capabilities. Countries such as the Netherlands, Spain, France, and Italy have large areas under greenhouse cultivation. The use of LED grow lights in this region is gradually increasing from being a supplemental lighting source to becoming a primary light source for indoor farming. The population of Europe has expanded rapidly in recent times, and countries of the region are importing fruits and vegetables in frozen form from Africa and Asia.
The outbreak and the spread of the COVID-19 have disrupted the entire LED lighting supply chain, right from upstream chip manufacturers to packaging and lighting OEMs. For instance, the outbreak of COVID-19 in China resulted in lockdown measures which included the shutdown of manufacturing facilities and warehouses and affected the global exports and shipments of various industries. The lockdown measures announced in several countries across the globe as they got impacted by the COVID-19 pandemic also led to a fall in the domestic and export demand for consumer products including horticulture lighting in these countries.
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Key Market Players
The horticulture lighting market is dominated by a few globally established players such as Signify (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden).
These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, contracts, expansions, and acquisitions to strengthen their position in the market.
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Report Metric |
Details |
|
Market Size Available for Years |
2017–2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022–2027 |
|
Forecast Unit |
Value (USD Million/Billion) |
|
Segments Covered |
By Offering, By Technology, By Application, By Cultivation, By Lighting Type, By Installation Type, and Region |
|
Geographic Regions Covered |
North America, Europe, Asia Pacific, and RoW (includes Middle East, Africa, and South America) |
|
Companies Covered |
The major players include Signify (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden), (Total 25 companies) |
This report categorizes the horticulture lighting market based on offering, technology, application, lighting type, cultivation, installation type, and region available at the regional and global level
By Offering
- Hardware
- Software and Services
By Technology
- Fluorescent
- HID
- LED
- Others (xenon, plasma, and induction lighting)
By Application
- Greenhouses
- Vertical Farms
- Indoor Farms
- Others (research and tissue culture applications)
By Lighting Type
- Toplighting
- Interlighting
- By Cultivation
- Fruits and Vegetables
- Floriculture
- Cannabis
By Installation Type
- New installations
- Retrofit Installations
- By Region
- North America
- Europe
- Asia Pacific
- RoW
Recent Developments
- In February 2022, California Lightworks launched its new MegaDrive Vertical series for indoor cannabis cultivators. This patented new LED system offers indoor cultivators the same technology greenhouses across the nation have adopted from California Lightworks to achieve dramatically lower total installed cost while boosting return on investment by reducing heat, energy consumption and their carbon footprint.
- In December 2021, Signify entered into definitive agreement with ams OSRAM to acquire Austin, Texas-based Fluence for USD 272 million on a cash and debt-free basis. This acquisition will strengthen Signify’s global agricultural lighting growth platform and extend position in the attractive North American horticultural lighting market.
- In December 2021, Hortilux collaborated with LLC DTK, a Russia’s leading rose company to provide them Hortilux’s HPS NXT2 fixtures which is perfect match for the company requirement: they have good light distribution, are easy to maintain, and they’re extremely reliable. By now the NXT2 1000W fixtures have been installed over a three-hectare area.
- In July 2021, Heliospectra AB, a world leader in intelligent lighting technology for vertical farming, announced a new seller partnership with MineARC Systems, a global leader in manufacturing and supplying controlled environments. The company will represent Heliospectra’s market-leading LED lighting and lighting control solutions in the Australian market.
- In June 2021, Signify signed a partnership agreement with Hortipar, expert in realizing lighting projects for the horticultural sector worldwide. Hortipar will now add Philips GreenPower LED grow lights to their global portfolio. Focusing on quality, flexibility, knowledge, and expertise, Hortipar offers their customers a complete solution for their greenhouse from the beginning till the end of a lighting project.
- In June 2021, Osram expanded its horticulture portfolio with the launch of Osconiq S 5050. It addresses a key problem of used white LEDs resulting in lower energy costs and more efficient lighting for indoor farmers. In August 2020, Signify signed an agreement with Yunnan AiBiDa Greenhouse Technology Co., Ltd (China), a greenhouse floriculture production company. Through this agreement, the company aims to expand Philips horticulture research partner network in China and serve its Chinese floriculture business.
Frequently Asked Questions (FAQ):
What is the current size of the global horticulture lighting market?
The global horticulture lighting market is projected to grow from USD 3.1 billion in 2022 to USD 9.4 billion by 2027; it is expected to grow at a CAGR of 24.5% from 2022 to 2027.
Who are the key players in the global horticulture lighting market?
Companies such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden). These companies cater to the requirements of their customers by providing advanced horticulture lighting with a presence in multiple countries.
What is the COVID-19 impact on horticulture lighting suppliers?
The shutdown of manufacturing facilities globally combined with strict restrictions over social movement in various COVID-19 affected countries impacted the operations of horticulture lighting and related components manufacturing facilities. Additionally, the first quarter of 2020 also witnessed disruption in global LED lighting supply chain operations and logistics-related services due to limited air and road movement. This is expected to have had a global impact on the horticulture lighting market. Additionally, COVID-19 is expected to have led to a delay in the upcoming launches and developments in horticulture lights products. All these factors resulted in marginal dip of market size of the horticulture lighting. The supply chain disruptions have led to the procurement of raw materials or commodities from localized sources to ensure their continuous supply.
What are the opportunities for the existing players and for those who are planning to enter various stages of the horticulture lighting value chain?
There are various opportunities for the existing players to enter the value chain of horticulture lighting industry. Some of these include the retrofit installations, and shift toward LED technology and increasing demand for right growth recipe for different crops. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 34)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY
TABLE 1 CURRENCY TABLE
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 39)
2.1 RESEARCH DATA
FIGURE 2 HORTICULTURE LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 3 HORTICULTURE LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUES GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN HORTICULTURE LIGHTING MARKET
FIGURE 6 HORTICULTURE LIGHTING MARKET: RESEARCH METHODOLOGY–ILLUSTRATION OF COMPANY (SIGNIFY) REVENUE ESTIMATION
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2— DEMAND-SIDE ANALYSIS
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2— DEMAND-SIDE ANALYSIS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for calculating market size using bottom-up analysis
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for calculating market size using top-down analysis
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
TABLE 2 ASSUMPTIONS FOR RESEARCH STUDY
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 52)
FIGURE 12 HARDWARE SEGMENT ACCOUNTED FOR LARGER SHARE OF HORTICULTURE LIGHTING MARKET IN 2021
FIGURE 13 LED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET FROM 2021 TO 2027
FIGURE 14 INTERLIGHTING SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHER CAGR FROM 2022 TO 2027
FIGURE 15 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2022 TO 2027
FIGURE 16 GREENHOUSES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2022 TO 2027
FIGURE 17 RETROFIT INSTALLATIONS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHER CAGR FROM 2022 TO 2027
FIGURE 18 HORTICULTURE LIGHTING MARKET, BY REGION, 2021
3.1 FOOD SAFETY: KEY ASPECTS FOR CEA GROWERS
3.2 IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET
3.2.1 HORTICULTURE LIGHTING MARKET: SCENARIO ANALYSIS
FIGURE 19 SCENARIO ANALYSIS, 2017–2027
FIGURE 20 SPECTRUM OF SCENARIOS FOR HORTICULTURE LIGHTING INDUSTRY FROM 2020 TO 2022 DEPENDING ON UNCERTAINTIES CAUSED BY COVID-19
3.2.2 REALISTIC SCENARIO (POST-COVID-19)
3.2.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.2.4 PESSIMISTIC SCENARIO (POST-COVID-19)
3.2.5 KEY INSIGHTS ON IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET
4 PREMIUM INSIGHTS (Page No. - 64)
4.1 ATTRACTIVE OPPORTUNITIES IN HORTICULTURE LIGHTING MARKET
FIGURE 21 INCREASING ADOPTION OF CONTROLLED-ENVIRONMENT AGRICULTURE PRACTICES IN URBAN AREAS TO DRIVE DEMAND FOR HORTICULTURE LIGHTS
4.2 HORTICULTURE LIGHTING MARKET, BY OFFERING
FIGURE 22 HARDWARE SEGMENT TO ACCOUNT FOR LARGER SHARE OF HORTICULTURE LIGHTING MARKET IN 2027
4.3 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
FIGURE 23 LED SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING FROM 2022 TO 2027
4.4 HORTICULTURE LIGHTING MARKET IN APAC, BY APPLICATION AND GEOGRAPHY
FIGURE 24 VERTICAL FARMS SEGMENT AND SOUTHEAST ASIA TO ACCOUNT FOR LARGEST SHARES OF HORTICULTURE LIGHTING MARKET IN APAC IN 2027
4.5 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
FIGURE 25 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGER SHARE OF HORTICULTURE LIGHTING MARKET IN 2027
4.6 HORTICULTURE LIGHTING MARKET, BY CULTIVATION
FIGURE 26 FRUITS & VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2022 TO 2027
4.7 HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY
FIGURE 27 HORTICULTURE LIGHTING MARKET IN SOUTHEAST ASIA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 68)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 28 HORTICULTURE LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Strong government support for controlled-environment agriculture (CEA) practices and adoption of SSL technology
5.2.1.2 Heightened demand for fresh food and loss of arable land
FIGURE 29 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050
5.2.1.3 Increased investments in vertical farms and greenhouses, along with legalization of cannabis cultivation
TABLE 3 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
TABLE 4 REDUCTION IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS
5.2.1.4 Extensive deployment of LED fixtures in controlled agricultural environment
TABLE 5 COMPARISON OF TYPICAL SPECIFICATIONS OF LED AND HID
5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth
FIGURE 30 IMPACT ANALYSIS OF DRIVERS ON HORTICULTURE LIGHTING MARKET
5.2.2 RESTRAINTS
5.2.2.1 High setup and installation costs of LED horticulture lights
5.2.2.2 Complex requirement for varied light spectra for different crops
TABLE 6 STANDARD SPECTRA
FIGURE 31 IMPACT ANALYSIS OF RESTRAINTS ON HORTICULTURE LIGHTING MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Consolidating trend of farm-to-table concept
5.2.3.2 Promising growth opportunities for vertical farming offered by Asian and Middle Eastern markets
5.2.3.3 Year-round crop production, irrespective of weather conditions
5.2.3.4 Gradual emergence of horticulture lighting software and calculators
FIGURE 32 IMPACT ANALYSIS OF OPPORTUNITIES ON HORTICULTURE LIGHTING MARKET
5.2.4 CHALLENGES
5.2.4.1 Complexities associated with deployment of controlled environment agriculture technology in large fields and high need for technical know-how
5.2.4.2 Lack of standard testing practices for accessing product quality of horticulture lights and their fixtures
5.2.4.3 Effective integration of different components and technologies used in CEA facilities
FIGURE 33 IMPACT ANALYSIS OF CHALLENGES ON HORTICULTURE LIGHTING MARKET
TABLE 7 KEY TAKEAWAYS FOR SUPPLIERS/COMPONENT PROVIDERS
5.3 VALUE CHAIN ANALYSIS
FIGURE 34 VALUE CHAIN ANALYSIS: HORTICULTURE LIGHTING MARKET
5.3.1 RESEARCH AND DEVELOPMENT CENTERS
5.3.2 COMPONENT PROVIDERS/INPUT SUPPLIERS
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
5.3.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS
5.3.5 DISTRIBUTORS AND SALES PARTNERS
TABLE 8 SIGNIFY: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 9 HELIOSPECTRA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 10 GAVITA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 11 OSRAM: LIST OF MAJOR DISTRIBUTORS
5.3.6 END USERS
5.4 MARKET MAP: HORTICULTURE LIGHITNG MARKET
FIGURE 35 MARKET MAP: HORTICULTURE LIGHTING MARKET
TABLE 12 MARKET MAP: HORTICULTURE LIGHTING MARKET
5.5 KEY TECHNOLOGY AND INDUSTRY TRENDS
TABLE 13 LEADING TRENDS IN HORTICULTURE LIGHTING MARKET
5.6 PRICING ANALYSIS
FIGURE 36 INDICATIVE AVERAGE PRICES OF HORTICULTURE LIGHTING, 2018–2026
TABLE 14 INDICATIVE PRICES OF HORTICULTURE LIGHTING FIXTURES
5.7 PATENT ANALYSIS
TABLE 15 NOTICEABLE PATENTS REGISTERED: HORTICULTURE LIGHTING MARKET
5.8 TARIFFS AND REGULATIONS REGARDING HORTICULTURE LIGHTING
5.8.1 REGULATIONS: HORTICULTURE LIGHTING
TABLE 16 REGULATIONS: HORTICULTURE LIGHTING
5.8.2 TARIFFS: HORTICULTURE LIGHTING
5.9 CASE STUDIES
5.9.1 INTRODUCTION
5.9.2 BEIJING VEGETABLE RESEARCH CENTER
TABLE 17 SIGNIFY HOLDING (NETHERLANDS) PROVIDED PHILIPS GREENPOWER LED TOPLIGHTING TO GROW VEGETABLE SEEDLINGS UNDER ARTIFICIAL LIGHTS TO BVRC (CHINA)
5.9.3 KERNOCK PARK PLANTS
TABLE 18 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS)
5.9.4 SCEA LA GIRAUDIÈRE
TABLE 19 SCEA LA GIRAUDIÈRE (FRANCE) USED HORTILUX HYBRID LED TO PRODUCE JUICY, SWEET VINE TOMATOES THROUGHOUT YEAR
5.9.5 GLENWOOD VALLEY FARMS
TABLE 20 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE YIELD
5.9.6 BOTANICA
TABLE 21 HORTILUX HELPED BOTANICA (RUSSIA) TO INCREASE ITS CUCUMBER PRODUCTION
5.9.7 GREEN SIMPLICITY
TABLE 22 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI
5.9.8 LJUSGÅRDA
TABLE 23 LJUSGÅRDA ACHIEVED ULTIMATE VERTICAL GROWTH, FROM 0 TO 7,000 SQ.M., USING LED LIGHTING SOLUTION AND CONTROL SYSTEM OF HELIOSPECTRA
5.9.9 NS BRANDS
TABLE 24 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS
5.9.10 SANOID ISOLATES
TABLE 25 HELIOSPECTRA AB (SWEDEN) HELPED SANOID ISOLATES (SPAIN) TO PRODUCE CANNABIS EXTRACTIONS WITH HIGHEST LEVELS OF QUALITY, TRACEABILITY, AND CONSISTENCY
5.10 HID (HPS) VS. LED: TREND ANALYSIS
TABLE 26 FACTORS LEADING TO RELUCTANCE FOR ADOPTION OF LED LIGHTS
5.10.1 VIEWS OF INDUSTRY EXPERTS PERTAINING TO INCREASING ADOPTION OF LED LIGHTS
5.10.2 HID (HPS) VS LED PRICING ANALYSIS
TABLE 27 CAPEX AND OPEX FOR LEDS AND HPS (INDICATIVE)
5.11 TRADE ANALYSIS
5.11.1 EXPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS
FIGURE 37 EXPORT OF LAMPS & LIGHTING FITTINGS, BY COUNTRY, 2017–2020 (USD BILLION)
5.11.2 IMPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS
FIGURE 38 IMPORT OF LAMPS & LIGHTING FITTINGS, BY COUNTRY, 2017–2020 (USD BILLION)
5.12 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HORTICULTURE LIGHTING MARKET PLAYERS
FIGURE 39 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HORTICULTURE LIGHTING MARKET PLAYERS
5.13 KEY CONFERENCES & EVENTS IN 2022
TABLE 28 HORTICULTURE LIGHTING MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 PORTER’S FIVE FORCES ANALYSIS
FIGURE 40 HORTICULTURE LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 29 HORTICULTURE LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 41 INTENSITY OF COMPETITIVE RIVALRY
FIGURE 42 THREAT OF SUBSTITUTES
FIGURE 43 BARGAINING POWER OF BUYERS
FIGURE 44 BARGAINING POWER OF SUPPLIERS
FIGURE 45 THREAT OF NEW ENTRANTS
6 HORTICULTURE LIGHTING MARKET, BY APPLICATION (Page No. - 110)
6.1 INTRODUCTION
FIGURE 46 HORTICULTURE LIGHTING MARKET, BY APPLICATION
FIGURE 47 VERTICAL FARMS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 30 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 31 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
6.2 GREENHOUSES
6.2.1 GREENHOUSES USE HORTICULTURE LIGHTS FOR INCREASED YIELDS
TABLE 32 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION, 2017–2021 (USD MILLION)
TABLE 33 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION, 2022–2027 (USD MILLION)
TABLE 34 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY, 2017–2021 (USD MILLION)
TABLE 35 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.3 VERTICAL FARMS
6.3.1 NEED FOR OPTIMUM USE OF VERTICAL SPACES AND ENERGY TO RESULT IN DEMAND FOR HORTICULTURE LIGHTING IN VERTICAL FARMS
6.3.2 REGION-WISE RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET
TABLE 36 VERTICAL FARMING DEVELOPMENTS IN NORTH AMERICA
TABLE 37 VERTICAL FARMING DEVELOPMENTS IN EUROPE
TABLE 38 VERTICAL FARMING DEVELOPMENTS IN ASIA PACIFIC
TABLE 39 VERTICAL FARMING DEVELOPMENTS IN MIDDLE EAST
TABLE 40 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION, 2017–2021 (USD MILLION)
TABLE 41 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION, 2022–2027 (USD MILLION)
TABLE 42 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY, 2017–2021 (USD MILLION)
TABLE 43 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.4 INDOOR FARMS
6.4.1 TECHNOLOGICAL ADVANCEMENTS IN GROW LIGHTS HELP IN EFFECTIVE INDOOR FARMING TO INCREASE CROP YIELDS
TABLE 44 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION, 2017–2021 (USD MILLION)
TABLE 45 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION, 2022–2027 (USD MILLION)
TABLE 46 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY, 2017–2021 (USD MILLION)
TABLE 47 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.5 OTHERS
TABLE 48 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
TABLE 49 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
TABLE 50 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2017–2021 (USD MILLION)
TABLE 51 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
7 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE (Page No. - 128)
7.1 INTRODUCTION
FIGURE 48 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE
FIGURE 49 NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGER SIZE OF HORTICULTURE LIGHTING MARKET IN 2027
TABLE 52 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2021 (USD MILLION)
TABLE 53 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
7.2 NEW INSTALLATIONS
7.2.1 GROWING GLOBAL ADOPTION OF VERTICAL FARMS TO FUEL GROWTH OF NEW INSTALLATIONS SEGMENT OF HORTICULTURE LIGHTING MARKET
TABLE 54 HORTICULTURE LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2021 (USD MILLION)
TABLE 55 HORTICULTURE LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2022–2027 (USD MILLION)
7.3 RETROFIT INSTALLATIONS
7.3.1 RETROFITTING OF EXISTING LIGHT FIXTURES HELP SAVE ENERGY AND IMPROVE YIELD QUALITY IN COMMERCIAL GREENHOUSES AND VERTICAL FARMS
TABLE 56 HORTICULTURE LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2021 (USD MILLION)
TABLE 57 HORTICULTURE LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2022–2027 (USD MILLION)
8 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE (Page No. - 134)
8.1 INTRODUCTION
FIGURE 50 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
FIGURE 51 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGER SIZE OF HORTICULTURE LIGHTING MARKET IN 2027
TABLE 58 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2017–2021 (USD MILLION)
TABLE 59 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2022–2027 (USD MILLION)
8.2 TOPLIGHTING
8.2.1 TOPLIGHTING IS MAINLY USED IN CONTROLLED ENVIRONMENT AGRICULTURE (CEA) FACILITIES
TABLE 60 HORTICULTURE TOPLIGHTING MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 61 HORTICULTURE TOPLIGHTING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 INTERLIGHTING
8.3.1 INTERLIGHTING IS USED TO OFFER ADEQUATE LIGHT TO LOWER PARTS OF PLANTS
FIGURE 52 HORTICULTURE INTERLIGHTING MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 62 HORTICULTURE INTERLIGHTING MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 63 HORTICULTURE INTERLIGHTING MARKET, BY REGION, 2022–2027 (USD MILLION)
9 HORTICULTURE LIGHTING MARKET, BY OFFERING (Page No. - 140)
9.1 INTRODUCTION
FIGURE 53 HORTICULTURE LIGHTING MARKET, BY OFFERING
FIGURE 54 HARDWARE SEGMENT TO HOLD LARGER SIZE OF HORTICULTURE LIGHTING MARKET FROM 2022 TO 2027
TABLE 64 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2017–2021 (USD MILLION)
TABLE 65 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
9.2 HARDWARE
9.2.1 LIGHTING FIXTURES
9.2.1.1 Lighting fixtures include lamps, reflectors, reflective films, apertures, and electrical ballasts
9.2.2 LIGHTING CONTROLS
9.2.2.1 Lighting controls are network-based systems that regulate light levels in CEA facilities
TABLE 66 HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2021 (USD MILLION)
TABLE 67 HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION, 2022–2027 (USD MILLION)
9.3 SOFTWARE AND SERVICES
9.3.1 HORTICULTURE LIGHTING SOFTWARE AND SERVICES ARE BEING INCREASINGLY ADOPTED TO ENSURE SEAMLESS OPERATIONS OF GREENHOUSES AND INDOOR FARMS
TABLE 68 HORTICULTURE LIGHTING MARKET FOR SOFTWARE & SERVICES, BY REGION, 2017–2021 (USD MILLION)
TABLE 69 HORTICULTURE LIGHTING MARKET FOR SOFTWARE & SERVICES, BY REGION, 2022–2027 (USD MILLION)
10 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE (Page No. - 148)
10.1 INTRODUCTION
FIGURE 55 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE
FIGURE 56 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2022 TO 2027
TABLE 70 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2017–2021 (USD MILLION)
TABLE 71 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2022–2027 (USD MILLION)
10.2 FRUITS AND VEGETABLES
10.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS AND VEGETABLES PROMOTE ADOPTION OF HORTICULTURE LIGHTING IN VERTICAL FARMS AND GREENHOUSES
TABLE 72 HORTICULTURE LIGHTING MARKET FOR FRUITS & VEGETABLES, BY REGION, 2017–2021 (USD MILLION)
TABLE 73 HORTICULTURE LIGHTING MARKET FOR FRUITS & VEGETABLES, BY REGION, 2022–2027 (USD MILLION)
10.3 FLORICULTURE
10.3.1 EUROPE TO HOLD LARGE SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE FROM 2022 TO 2027
FIGURE 57 EUROPE TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE IN 2022
TABLE 74 HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 2017–2021 (USD MILLION)
TABLE 75 HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 2022–2027 (USD MILLION)
10.4 CANNABIS
10.4.1 CANNABIS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
FIGURE 58 NORTH AMERICA TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR CANNABIS IN 2027
TABLE 76 HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 2017–2021 (USD MILLION)
TABLE 77 HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 2022–2027 (USD MILLION)
11 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY (Page No. - 160)
11.1 INTRODUCTION
FIGURE 59 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
FIGURE 60 LED SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 78 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2017–2021 (USD MILLION)
TABLE 79 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
11.2 FLUORESCENT
11.2.1 T5 FLUORESCENT LIGHTS
11.2.1.1 T5 fluorescent lights are ideal for indoor cultivation
11.2.2 COMPACT FLUORESCENT LAMP (CFL)
11.2.2.1 CFLs are used for growing herbs and plants in small spaces
TABLE 80 HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 81 HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY, BY APPLICATION, 2022–2027 (USD MILLION)
11.3 HIGH-INTENSITY DISCHARGE (HID)
11.3.1 HIGH-PRESSURE SODIUM (HPS) LAMPS
11.3.1.1 HPS lamps ensure uniform distribution of light across crops
11.3.2 METAL-HALIDE (MH) LAMPS
11.3.2.1 Metal-halide lamps are highly beneficial during initial vegetative stage of plant growth
TABLE 82 HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 83 HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 84 HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 85 HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 86 HORTICULTURE HPS LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 87 HORTICULTURE HPS LIGHTING MARKET, BY TYPE, 2022–2027 (USD MILLION)
11.4 LIGHT-EMITTING DIODE (LED)
11.4.1 LED LIGHTS ARE BEING ADOPTED IN INDOOR FARMING DUE TO THEIR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY
TABLE 88 COMPARISON OF DIFFERENT LIGHT SOURCES
TABLE 89 HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 90 HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION, 2022–2027 (USD MILLION)
11.5 OTHER TECHNOLOGIES
TABLE 91 HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 92 HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES, BY APPLICATION, 2022–2027 (USD MILLION)
12 GEOGRAPHIC ANALYSIS (Page No. - 172)
12.1 INTRODUCTION
FIGURE 61 HORTICULTURE LIGHTING MARKET, BY REGION
TABLE 93 HORTICULTURE LIGHTING MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 94 HORTICULTURE LIGHTING MARKET, BY REGION, 2022–2027 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 62 SNAPSHOT: HORTICULTURE LIGHTING MARKET IN NORTH AMERICA
TABLE 95 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2017–2021 (USD MILLION)
TABLE 96 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 97 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 98 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 99 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2017–2021 (USD MILLION)
TABLE 100 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2022–2027 (USD MILLION)
TABLE 101 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2017–2021 (USD MILLION)
TABLE 102 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2022–2027 (USD MILLION)
TABLE 103 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2021 (USD MILLION)
TABLE 104 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
TABLE 105 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 106 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.2.1 US
12.2.1.1 Increasing number of vertical farms and greenhouses in US to favor market growth
12.2.2 CANADA
12.2.2.1 Unfavorable climatic conditions necessitate adoption of horticulture lighting in Canada
12.2.3 MEXICO
12.2.3.1 Growing population and scarcity of resources fuel adoption of horticulture lighting in CEA facilities in Mexico
12.3 EUROPE
FIGURE 63 SNAPSHOT: HORTICULTURE LIGHTING MARKET IN EUROPE
TABLE 107 EUROPE: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2017–2021 (USD MILLION)
TABLE 108 EUROPE: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 109 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 110 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 111 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2017–2021 (USD MILLION)
TABLE 112 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2022–2027 (USD MILLION)
TABLE 113 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2017–2021 (USD MILLION)
TABLE 114 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2022–2027 (USD MILLION)
TABLE 115 EUROPE: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2021 (USD MILLION)
TABLE 116 EUROPE: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
TABLE 117 EUROPE: HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2017–2021 (USD MILLION)
TABLE 118 EUROPE: HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2022–2027 (USD MILLION)
12.3.1 UK
12.3.1.1 Increasing number of new vertical farms and greenhouses to fuel demand for horticulture lighting in UK
12.3.2 GERMANY
12.3.2.1 Growing focus on providing right light regimes suitable for different crops using horticulture lights in Germany to augment market growth
12.3.3 NETHERLANDS
12.3.3.1 Presence of established greenhouses in Netherlands supports market growth
12.3.4 SCANDINAVIA
12.3.4.1 Increasing focus on minimizing fresh fruit and vegetable imports to fuel demand for horticulture lighting in Scandinavian countries
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 64 SNAPSHOT: HORTICULTURE LIGHTING MARKET IN ASIA PACIFIC
TABLE 119 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2017–2021 (USD MILLION)
TABLE 120 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 121 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 122 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 123 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2017–2021 (USD MILLION)
TABLE 124 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2022–2027 (USD MILLION)
TABLE 125 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2017–2021 (USD MILLION)
TABLE 126 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2022–2027 (USD MILLION)
TABLE 127 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2021 (USD MILLION)
TABLE 128 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
TABLE 129 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2017–2021 (USD MILLION)
TABLE 130 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2022–2027 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Growing adoption of CEA practices to fuel demand for horticulture lighting
12.4.2 JAPAN
12.4.2.1 Rising adoption of urban farming practices to encourage use of horticulture lights in Japan
12.4.3 AUSTRALIA
12.4.3.1 Legalization of cannabis cultivation, along with less rainfall, to fuel growth of horticulture lighting market in Australia
12.4.4 SOUTHEAST ASIA
12.4.4.1 Rising demand for fresh horticulture produce and increasing support from governments of Southeast Asian countries to fuel market growth
12.4.5 REST OF ASIA PACIFIC
12.5 REST OF THE WORLD (ROW)
TABLE 131 ROW: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2017–2021 (USD MILLION)
TABLE 132 ROW: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 133 ROW: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 134 ROW: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 135 ROW: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2017–2021 (USD MILLION)
TABLE 136 ROW: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2022–2027 (USD MILLION)
TABLE 137 ROW: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2017–2021 (USD MILLION)
TABLE 138 ROW: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2022–2027 (USD MILLION)
TABLE 139 ROW: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2021 (USD MILLION)
TABLE 140 ROW: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
TABLE 141 ROW: HORTICULTURE LIGHTING MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 142 ROW: HORTICULTURE LIGHTING MARKET, BY REGION, 2022–2027 (USD MILLION)
12.5.1 MIDDLE EAST
12.5.1.1 Increasing investments for local food production to spur market growth in Middle East
12.5.2 AFRICA
12.5.2.1 Scarcity of water and unfavorable climatic conditions increase adoption of horticulture lighting in CEA facilities in Africa
12.5.3 SOUTH AMERICA
12.5.3.1 Surging adoption of vertical farms by start-ups in South America to underpin market growth
13 COMPETITIVE LANDSCAPE (Page No. - 203)
13.1 OVERVIEW
FIGURE 65 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2018 TO 2022
13.2 MARKET SHARE AND RANKING ANALYSIS OF KEY PLAYERS IN HORTICULTURE LIGHTING MARKET
TABLE 143 HORTICULTURE LIGHTING MARKET SHARE ANALYSIS, 2021
TABLE 144 HORTICULTURE LIGHTING MARKET RANKING ANALYSIS, 2021
13.3 HISTORICAL REVENUE ANALYSIS, 2016–2020
FIGURE 66 HISTORICAL REVENUE ANALYSIS OF COMPANIES OFFERING HORTICULTURE LIGHTING, 2016–2020 (USD MILLION)
13.4 COMPANY EVALUATION QUADRANT
FIGURE 67 HORTICULTURE LIGHTING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
13.4.1 STAR
13.4.2 EMERGING LEADER
13.4.3 PERVASIVE
13.4.4 PARTICIPANT
13.5 COMPETITIVE BENCHMARKING
TABLE 145 COMPANY FOOTPRINT
TABLE 146 COMPANY INDUSTRY FOOTPRINT
TABLE 147 COMPANY OFFERING FOOTPRINT
TABLE 148 COMPANY REGIONAL FOOTPRINT
13.6 START-UP/SME EVALUATION MATRIX, 2021
TABLE 149 HORTICULTURE LIGHTING MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 150 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) IN HORTICULTURE LIGHTING MARKET
TABLE 151 HORTICULTURE LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES (PRODUCT FOOTPRINT)
TABLE 152 HORTICULTURE LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES (APPLICATION FOOTPRINT)
TABLE 153 HORTICULTURE LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES (REGION FOOTPRINT)
FIGURE 68 HORTICULTURE LIGHTING MARKET (GLOBAL): START-UP/SME EVALUATION MATRIX, 2021
13.6.1 PROGRESSIVE COMPANY
13.6.2 RESPONSIVE COMPANY
13.6.3 DYNAMIC COMPANY
13.6.4 STARTING BLOCK
13.7 COMPETITIVE SCENARIO
13.7.1 PRODUCT LAUNCHES
TABLE 154 HORTICULTURE LIGHTING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020–FEBRUARY 2022
13.7.2 DEALS
TABLE 155 HORTICULTURE LIGHTING MARKET: DEALS, NOVEMBER 2019–DECEMBER 2021
13.7.3 EXPANSIONS AND ACQUISITIONS
TABLE 156 HORTICULTURE LIGHTING MARKET: OTHERS, MAY 2018–DECEMBER 2021
14 COMPANY PROFILES (Page No. - 224)
14.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
14.1.1 SIGNIFY
TABLE 157 SIGNIFY: BUSINESS OVERVIEW
FIGURE 69 SIGNIFY: COMPANY SNAPSHOT
TABLE 158 SIGNIFY: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 159 SIGNIFY: PRODUCT LAUNCHES
TABLE 160 SIGNIFY: DEALS
TABLE 161 SIGNIFY: OTHERS
14.1.2 GAVITA INTERNATIONAL B.V.
TABLE 162 GAVITA INTERNATION B.V: BUSINESS OVERVIEW
TABLE 163 GAVITA INTERNATION B.V: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 164 GAVITA INTERNATION B.V: PRODUCT LAUNCHES
TABLE 165 GAVITA INTERNATION B.V: OTHERS
14.1.3 HELIOSPECTRA AB
TABLE 166 HELIOSPECTRA AB: BUSINESS OVERVIEW
FIGURE 70 HELIOSPECTRA AB: COMPANY SNAPSHOT
TABLE 167 HELIOSPECTRA AB: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 168 HELIOSPECTRA AB: PRODUCT LAUNCHES
TABLE 169 HELIOSPECTRA AB: DEALS
TABLE 170 HELIOSPECTRA AB: OTHERS
14.1.4 OSRAM (PART OF AMS AG)
TABLE 171 OSRAM: BUSINESS OVERVIEW
FIGURE 71 OSRAM: COMPANY SNAPSHOT
TABLE 172 OSRAM: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 173 OSRAM: PRODUCT LAUNCHES
TABLE 174 OSRAM: DEALS
TABLE 175 OSRAM: OTHERS
14.1.5 CALIFORNIA LIGHTWORKS
TABLE 176 CALIFORNIA LIGHTWORKS: BUSINESS OVERVIEW
TABLE 177 CALIFORNIA LIGHTWORKS: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 178 CALIFORNIA LIGHTWORKS: PRODUCT LAUNCHES
TABLE 179 CALIFORNIA LIGHTWORKS: DEALS
14.1.6 VALOYA
TABLE 180 VALOYA: BUSINESS OVERVIEW
TABLE 181 VALOYA: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 182 VALOYA: PRODUCT LAUNCHES
TABLE 183 VALOYA: DEALS
14.1.7 LUMIGROW, INC.
TABLE 184 LUMIGROW: BUSINESS OVERVIEW
TABLE 185 LUMIGROW: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 186 LUMIGROW: PRODUCT LAUNCHES
TABLE 187 LUMIGROW: DEALS
14.1.8 HORTILUX SCHRÉDER (DOOL INDUSTRIES)
TABLE 188 HORTILUX SCHRÉDER: BUSINESS OVERVIEW
TABLE 189 HORTILUX SCHRÉDER: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 190 HORTILUX SCHRÉDER: PRODUCT LAUNCHES
TABLE 191 HORTILUX SCHRÉDER: DEALS
14.1.9 EYE HORTILUX (AN EYE LIGHTING DIVISION)
TABLE 192 EYE HORTILUX: BUSINESS OVERVIEW
TABLE 193 EYE HORTILUX: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 194 EYE HORTILUX: PRODUCT LAUNCHES
14.1.10 ILUMINAR LIGHTING
TABLE 195 ILUMINAR LIGHTING: BUSINESS OVERVIEW
TABLE 196 ILUMINAR LIGHTING: PRODUCT/SOLUTION/SERVIC OFFERINGS
TABLE 197 ILUMINAR LIGHTING: PRODUCT LAUNCHES
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14.2 OTHER IMPORTANT PLAYERS
14.2.1 GE CURRENT, A DAINTREE COMPANY
14.2.2 PARSOURCE
14.2.3 GE LIGHTING, A SAVANT COMPANY
14.2.4 HUBBELL
14.2.5 AGROLUX
14.2.6 ECONOLUX
14.2.7 OREON
14.2.8 GLACIALLIGHT—LIGHTING DIVISION OF GLACIALTECH
14.2.9 BLACK DOG GROW TECHNOLOGIES INC.
14.2.10 VIPARSPECTRA
14.2.11 ACTIVE GROW LLC
14.2.12 AGNETIX
14.2.13 THRIVE AGRITECH
14.2.14 BRIDGELUX
14.2.15 KROPTEK
15 APPENDIX (Page No. - 274)
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 QUESTIONNAIRE FOR HORTICULTURE LIGHTING MARKET
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved four major activities for estimating the size of the horticulture lighting market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the horticulture lighting market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.
Secondary Research
The research methodology that has been used to estimate and forecast the size of the horticulture lighting market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. The secondary research referred to for this research study involves horticulture and lighting magazines, journals, and AgTech associations. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the horticulture lighting market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the horticulture lighting market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, North America, Europe, Asiia Pacific, and Middle East, Africa, and South America. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of horticulture lighting market and its segments. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research
- The supply chain and the size of the horticulture lighting market, in terms of value, have been determined through primary and secondary research processes
- Several primary interviews have been conducted with key opinion leaders related to horticulture lighting market including key OEMs, IDMs, and Tier I suppliers
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size
Global Horticulture Lighting Market Size: Bottom-up Approach
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Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the horticulture lighting market.
Report Objectives
- To describe and forecast the horticulture lighting market size, in terms of value, based on offering, technology, lighting type, cultivation, application, installation type, and region
- To describe and forecast the horticulture lighting market size, in terms of value, for various segments with respect to 4 key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
- To provide a detailed overview of the horticulture lighting value chain
- To strategically profile the key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the horticulture lighting market
- To map competitive intelligence based on company profiles, strategies of key players, and game-changing developments such as product launches, partnerships, collaborations, and agreements undertaken in the horticulture lighting market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of horticulture lighting market
- Estimation of the market size of the segments of the horticulture lighting market based on different subsegments
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Horticulture Lighting Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Horticulture Lighting Market