Horticulture Lighting Market with COVID-19 Impact Analysis by Technology (Fluorescent, HID, and LED), Application (Greenhouses, Vertical Farms, and Indoor Farms), Cultivation, Lighting Type, Offering, Installation, and Region - Global Forecast to 2025
[242 Pages Report] The global horticulture lighting market is projected to grow from USD 2.3 billion in 2020 to USD 6.0 billion by 2025; it is expected to grow at a CAGR of 21.4% from 2020 to 2025. 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 Savant 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 distributers. 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: High demand for fresh produce in quick time owing to population growth and loss of arable land.
Rapid population growth and urbanization, shrinking of water supplies, and continued climate change due to the increase in the emissions of greenhouse gases have contributed to declining stocks of arable land per person. As land resources for agriculture are decreasing, policy makers are facing challenges of sustainability and feeding the rapidly growing world population, which is projected to reach approximately 9.6 billion in 2050. Solutions for improving future food production are exemplified by indoor farming, greenhouse farming, and vertical farming, which involve greater use of technology and automation for optimum utilization of land and water. Vertical farming technology aims to significantly increase productivity and reduce the environmental footprint within a framework of urban, indoor, climate-controlled high-rise buildings. It is claimed that such facilities offer many potential advantages such as a clean and green source of food, along with biosecurity, freedom from pests, droughts, and reduced use of transportation and fossil fuels.
Restraint: High setup and installation costs of LED grow 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 indoor. Earlier, HPS and electric ballasts were widely used in indoor farming as effective sources of light. Nowadays, LEDs are in trend; these grow 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 grow lights is higher than that of conventional lighting technologies, such as FL and HID (High-intensity Discharge) lamps. This is mainly because each LED grow 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. It can cost around USD 2,000 or more, depending on the power output and other specifications. A high-powered induction grow light also costs USD 1,300 or more, whereas high-powered plasma grow light costs around USD 3,000. The costs of these grow lights are higher than that of a 1,000-watt HPS light, which costs between USD 100 and USD 150 and provides sufficient light for photosynthesis. This significant price difference restrains the growers from adopting energy-efficient grow light LED technology.
Opportunity: Year-round crop production, irrespective of weather conditions
With the help of horticulture lighting, year-round crop production can be achieved in any region of the world. In traditional farming, there can be only 1 or 2 harvests in a year; with CEA, there can be multiple harvests as plants are grown indoors in a controlled environment. One indoor acre is equivalent to multiple outdoor acres, depending on the plant, available space, and story of the building. For instance, one acre of indoor production of strawberries may produce a yield equivalent to 30 acres. According to CropsReview.com (US), one high-rise farm is equal to 480 traditional horizontal farms. Additionally, indoor farming would minimize pest infestation and post-harvest spoilage. The impact of adverse weather conditions on the quality and profiling of the yield is negligible in CEA. Farming in a protected, well-monitored, and managed environment assures high-quality produce and provides repeatable programmable production for the growers. As the production process is not dependent on the weather, controlled environment farming eliminates the concept of seasonal crops. It also reduces the harvest time and increases the production volume without compromising with the flavor or quality.
Challenge: Complexities associated with deployment of controlled environment agriculture technology in large-sized 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.
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 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. In May 2018, Signify (Netherlands) announced its collaboration with Travaglini FarmTech, a new business division of Travaglini S.p.a (Italy), to develop the first vertical farm plant research laboratory of Italy in Milan.
Europe is projected to register largest market share of the horticulture lighting market in 2025
Europe is projected to register largest market share of the horticulture lighting market in 2025. 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 Holding (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.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for Years |
2016–2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020–2025 |
|
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 |
APAC, North America, Europe, and RoW (includes Middle East, Africa, and South America) |
|
Companies Covered |
The major players include Signify Holding (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
- APAC
- North America
- Europe
- RoW
Recent Developments
- In September 2020, Valoya has expanded its RX-Series line of greenhouse LEDs with two new models – RX500 and RX600. The new models can be used as true 1-to-1 HPS replacements and it can produce up to the staggering 1700 µmol/s of uniform light output. The high light intensity they produce enables them to be positioned high above the canopy, as much as 4 meters above it.
- In September 2020, Fluence by OSRAM, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and agriculture production, announced that it has partnered with The Lamphouse, the largest supplier of specialized lamps in Africa. With more than 40 years of experience in numerous specialty lighting sectors, The Lamphouse is Fluence’s exclusive partner serving South Africa’s professional horticulture stores and fulfilling large commercial cannabis projects.
- 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.
- In June 2020, Fluence by OSRAM launched 4 additional spectra on its VYPR top light series, featuring market-leading efficacies up to 3.8 µmol/J. From broad white to high red, Fluence’s extended PhysioSpec spectra enable growers to optimize lighting strategies for any crop in any growth stage or geographic location.
- In March 2020, Signify acquired Cooper Lighting Solutions (US), a leading provider of professional lighting, lighting controls, and connected lighting, from Eaton. Eaton is a leading provider of professional lighting, lighting controls, and connected lighting. With this acquisition, the company can strengthen its position in the North American market.
- In February 2020, Signify expanded its product range for greenhouse horticulture lighting. The new version of the Greenpower LED toplighting linear system offers the most uniform light distribution in the greenhouse application. The maximum light output has been increased from 620 to 1000 μmol/s, and it is a lot more energy efficient than the previous version.
- In January 2020, Heliospectra AB received a contract to offer MITRA LED lighting solutions to Nectar Farms in Victoria (Australia). This solution will enable Nectar Farms to scale glasshouse tomato production.
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 2.3 billion in 2020 to USD 6.0 billion by 2025; it is expected to grow at a CAGR of 21.4% from 2020 to 2025
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. - 30)
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
2 RESEARCH METHODOLOGY (Page No. - 34)
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 primaries
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. - 47)
FIGURE 12 HARDWARE SEGMENT ACCOUNTED FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2019
FIGURE 13 LED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET FROM 2019 TO 2025
FIGURE 14 INTERLIGHTING SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025
FIGURE 15 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025
FIGURE 16 GREENHOUSES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025
FIGURE 17 RETROFIT INSTALLATIONS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025
FIGURE 18 HORTICULTURE LIGHTING MARKET, BY REGION, 2019
3.1 SUMMARY OF CHANGES (COMPARATIVE ANALYSIS)
3.2 ESCALATING DEMAND FOR LIGHTING CONTROLS DUE TO REQUIREMENT OF PRECISE LIGHTING SPECTRUM
TABLE 3 HORTICULTURE LIGHTING HARDWARE MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 4 HORTICULTURE LIGHTING HARDWARE MARKET, BY TYPE, 2020–2025 (USD MILLION)
3.3 FOOD SAFETY: KEY ASPECTS FOR CEA GROWERS
3.4 IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET
3.4.1 HORTICULTURE LIGHTING MARKET SCENARIO ANALYSIS
FIGURE 19 SCENARIO ANALYSIS, 2020–2025
FIGURE 20 NORMALIZATION OF LIGHTING SUPPLY CHAIN AND TRADE TO IMPACT HORTICULTURE LIGHTING MARKET GLOBALLY
FIGURE 21 SPECTRUM OF SCENARIOS FOR HORTICULTURE LIGHTING INDUSTRY FROM 2020 TO 2021 DEPENDING ON UNCERTAINTIES CAUSED BY COVID-19
3.4.2 REALISTIC SCENARIO (POST-COVID-19)
3.4.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.4.4 PESSIMISTIC SCENARIO (POST-COVID-19)
3.4.5 KEY INSIGHTS ON IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET
4 PREMIUM INSIGHTS (Page No. - 61)
4.1 ATTRACTIVE OPPORTUNITIES IN HORTICULTURE LIGHTING MARKET
FIGURE 22 INCREASING ADOPTION OF CONTROLLED-ENVIRONMENT AGRICULTURE PRACTICES IN URBAN AREAS TO DRIVE DEMAND FOR HORTICULTURE LIGHTS
4.2 HORTICULTURE LIGHTING MARKET, BY OFFERING
FIGURE 23 HARDWARE SEGMENT TO ACCOUNT FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2025
4.3 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
FIGURE 24 LED SEGMENT ACCOUNTED FOR LARGEST SIZE OF HORTICULTURE LIGHTING FROM 2020 TO 2025
4.4 HORTICULTURE LIGHTING MARKET IN APAC, BY APPLICATION AND GEOGRAPHY
FIGURE 25 VERTICAL FARMS SEGMENT AND SOUTHEAST ASIA TO ACCOUNT FOR LARGEST SHARES OF HORTICULTURE LIGHTING MARKET IN APAC IN 2025
4.5 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
FIGURE 26 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2025
4.6 HORTICULTURE LIGHTING MARKET, BY CULTIVATION
FIGURE 27 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025
4.7 HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY
FIGURE 28 HORTICULTURE LIGHTING MARKET IN SOUTHEAST ASIA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
5 MARKET OVERVIEW (Page No. - 65)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 29 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 High demand for fresh produce in quick time owing to population growth and loss of arable land
FIGURE 30 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050
5.2.1.3 Increased funding to build vertical farms and greenhouses, along with legalization of cannabis cultivation
TABLE 5 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
TABLE 6 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 7 LIST OF DEVELOPMENTS SHOWING LED INSTALLATIONS FROM APRIL 2018 TO JANUARY 2020
TABLE 8 TYPICAL SPECIFICATIONS OF LED VS. HID
5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth
FIGURE 31 IMPACT ANALYSIS OF DRIVERS ON HORTICULTURE LIGHTING MARKET
5.2.2 RESTRAINTS
5.2.2.1 High setup and installation costs of LED grow lights
5.2.2.2 Complex requirement for varied light spectra for different crops
TABLE 9 STANDARD SPECTRA
FIGURE 32 IMPACT ANALYSIS OF RESTRAINTS ON HORTICULTURE LIGHTING MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Promising trend of farm-to-table concept
5.2.3.2 Potential market opportunities in Asian and Middle Eastern economies for vertical farming
5.2.3.3 Year-round crop production, irrespective of weather conditions
5.2.3.4 Gradual emergence of horticulture lighting software and calculator
FIGURE 33 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-sized 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 34 IMPACT ANALYSIS OF CHALLENGES ON HORTICULTURE LIGHTING MARKET
TABLE 10 KEY TAKEAWAYS FOR SUPPLIERS/COMPONENT PROVIDERS
6 INDUSTRY TRENDS (Page No. - 80)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 35 VALUE CHAIN ANALYSIS: HORTICULTURE LIGHTING MARKET
6.2.1 RESEARCH AND DEVELOPMENT
6.2.2 COMPONENT PROVIDERS/INPUT SUPPLIERS
6.2.3 ORIGINAL EQUIPMENT MANUFACTURERS
6.2.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS
6.2.5 DISTRIBUTORS AND SALES PARTNERS
TABLE 11 SIGNIFY: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 12 HELIOSPECTRA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 13 GAVITA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
TABLE 14 OSRAM: LIST OF MAJOR DISTRIBUTORS
6.2.6 END USERS
6.3 MARKET MAP: HORTICULTURE LIGHITNG MARKET
FIGURE 36 MARKET MAP: HORTICULTURE LIGHTING MARKET
6.4 KEY TECHNOLOGY AND INDUSTRY TRENDS
TABLE 15 LEADING TRENDS IN HORTICULTURE LIGHTING MARKET
6.5 PRICING ANALYSIS
TABLE 16 INDICATIVE PRICES OF HORTICULTURE LIGHTING FIXTURES
6.6 PATENT ANALYSIS
TABLE 17 PATENTS REGISTERED: HORTICULTURE LIGHTING MARKET
6.7 TARIFF REGULATIONS REGARDING HORTICULTURE LIGHTING
TABLE 18 TARIFF REGULATIONS: HORTICULTURE LIGHTING
6.8 LIGHTING PRODUCTS: TARIFF-RELATED DATA
6.9 CASE STUDIES
6.9.1 INTRODUCTION
6.9.2 BEIJING VEGETABLE RESEARCH CENTER
TABLE 19 SIGNIFY HOLDING (NETHERLANDS) PROVIDED PHILIPS GREENPOWER LED TOPLIGHTING TO GROW VEGETABLE SEEDLINGS UNDER ARTIFICIAL LIGHTS TO BVRC (CHINA)
6.9.3 KERNOCK PARK PLANTS
TABLE 20 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS)
6.9.4 SCEA LA GIRAUDIČRE
TABLE 21 SCEA LA GIRAUDIČRE (FRANCE) USED HORTILUX HYBRID LED TO PRODUCE JUICY, SWEET VINE TOMATOES THROUGHOUT YEAR
6.9.5 GLENWOOD VALLEY FARMS
TABLE 22 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE ITS YIELDS
6.9.6 BOTANICA
TABLE 23 HORTILUX HELPED BOTANICA (RUSSIA) TO INCREASE ITS CUCUMBER PRODUCTION
6.9.7 GREEN SIMPLICITY
TABLE 24 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI
6.9.8 LJUSGĹRDA
TABLE 25 LJUSGĹRDA ACHIEVED ULTIMATE VERTICAL GROWTH, FROM 0 TO 7,000 SQ.M. USING LED LIGHTING SOLUTION AND CONTROL SYSTEM OF HELIOSPECTRA
6.9.9 NS BRANDS
TABLE 26 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS
6.9.10 SANOID ISOLATES
TABLE 27 HELIOSPECTRA AB (SWEDEN) HELPED SANOID ISOLATES (SPAIN) TO PRODUCE CANNABIS EXTRACTIONS WITH HIGHEST LEVELS OF QUALITY, TRACEABILITY, AND CONSISTENCY
6.10 HID (HPS) VS. LED: TREND ANALYSIS
TABLE 28 FACTORS LEADING TO RELUCTANCE FOR ADOPTION OF LED LIGHTS
6.10.1 VIEWS OF INDUSTRY EXPERTS PERTAINING TO INCREASING ADOPTION OF LED LIGHTS
6.10.2 HID (HPS) VS LED PRICING ANALYSIS
TABLE 29 INDICATIVE TABLE: CAPEX AND OPEX FOR LEDS AND HPS
7 HORTICULTURE LIGHTING MARKET, BY APPLICATION (Page No. - 97)
7.1 INTRODUCTION
FIGURE 37 HORTICULTURE LIGHTING MARKET, BY APPLICATION
FIGURE 38 VERTICAL FARMS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
TABLE 30 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 31 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
7.2 GREENHOUSES
7.2.1 GREENHOUSES USE GROW LIGHTS FOR INCREASED HORTICULTURE YIELDS
TABLE 32 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION, 2016–2019 (USD MILLION)
TABLE 33 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION, 2020–2025 (USD MILLION)
TABLE 34 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 35 HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.3 VERTICAL FARMS
7.3.1 OPTIMUM USE OF VERTICAL SPACES AND ENERGY TO RESULT IN DEMAND FOR HORTICULTURE LIGHTING IN VERTICAL FARMS
7.3.2 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 APAC
TABLE 39 VERTICAL FARMING DEVELOPMENTS IN MIDDLE EAST
TABLE 40 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION, 2016–2019 (USD MILLION)
TABLE 41 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION, 2020–2025 (USD MILLION)
TABLE 42 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 43 HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.4 INDOOR FARMS
7.4.1 TECHNOLOGICAL ADVANCEMENTS IN GROW LIGHTS HELP IN EFFECTIVE INDOOR FARMING TO INCREASE CROP YIELDS
TABLE 44 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION, 2016–2019 (USD MILLION)
TABLE 45 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION, 2020–2025 (USD MILLION)
TABLE 46 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 47 HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.5 OTHERS
TABLE 48 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 49 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
TABLE 50 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 51 HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2020–2025 (USD MILLION)
8 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE (Page No. - 113)
8.1 INTRODUCTION
FIGURE 39 HORTICULTURE LIGHTING MARKET BY INSTALLATION TYPE
FIGURE 40 NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGE SIZE OF HORTICULTURE LIGHTING MARKET IN 2025
TABLE 52 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 53 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
8.2 NEW INSTALLATIONS
8.2.1 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, 2016–2019 (USD MILLION)
TABLE 55 HORTICULTURE LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2020–2025 (USD MILLION)
8.3 RETROFIT INSTALLATIONS
8.3.1 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, 2016–2019 (USD MILLION)
TABLE 57 HORTICULTURE LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2020–2025 (USD MILLION)
9 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE (Page No. - 119)
9.1 INTRODUCTION
FIGURE 41 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE
FIGURE 42 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGE SIZE OF HORTICULTURE LIGHTING MARKET IN 2025
TABLE 58 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2016–2019 (USD MILLION)
TABLE 59 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020–2025 (USD MILLION)
9.2 TOPLIGHTING
9.2.1 PROMINENCE OF TOPLIGHTING IN CEA FACILITIES
TABLE 60 HORTICULTURE TOPLIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 61 HORTICULTURE TOPLIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)
9.3 INTERLIGHTING
9.3.1 INCREASED USE OF INTERLIGHTING TO OFFER ADEQUATE LIGHT TO LOWER PARTS OF PLANTS
FIGURE 43 HORTICULTURE INTERLIGHTING MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
TABLE 62 HORTICULTURE INTERLIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 63 HORTICULTURE INTERLIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)
10 HORTICULTURE LIGHTING MARKET, BY OFFERING (Page No. - 125)
10.1 INTRODUCTION
FIGURE 44 HORTICULTURE LIGHTING MARKET, BY OFFERING
FIGURE 45 HARDWARE SEGMENT TO HOLD LARGE SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025
TABLE 64 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 65 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
10.2 HARDWARE
10.2.1 LIGHTING FIXTURES
10.2.1.1 Growing use of HPS and LED lights in CEA facilities
10.2.2 LIGHTING CONTROLS
10.2.2.1 Increasing demand for LED drivers and ballasts as lighting controls in CEA facilities
TABLE 66 HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION, 2016–2019 (USD MILLION)
TABLE 67 HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION, 2020–2025 (USD MILLION)
10.3 SOFTWARE AND SERVICES
10.3.1 GROWING ADOPTION OF HORTICULTURE LIGHTING SOFTWARE AND SERVICES TO ENSURE SEAMLESS OPERATIONS OF GREENHOUSES AND INDOOR FARMS
TABLE 68 HORTICULTURE LIGHTING MARKET FOR SOFTWARE AND SERVICES, BY REGION, 2016–2019 (USD MILLION)
TABLE 69 HORTICULTURE LIGHTING MARKET FOR SOFTWARE AND SERVICES, BY REGION, 2020–2025 (USD MILLION)
11 HORTICULTURE LIGHTING MARKET, BY CULTIVATION (Page No. - 132)
11.1 INTRODUCTION
FIGURE 46 HORTICULTURE LIGHTING MARKET BY CULTIVATION TYPE
FIGURE 47 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025
TABLE 70 HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2016–2019 (USD MILLION)
TABLE 71 HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020–2025 (USD MILLION)
11.2 FRUITS AND VEGETABLES
11.2.1 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 AND VEGETABLES, BY REGION, 2016–2019 (USD MILLION)
TABLE 73 HORTICULTURE LIGHTING MARKET FOR FRUITS AND VEGETABLES, BY REGION, 2020–2025 (USD MILLION)
11.3 FLORICULTURE
11.3.1 EUROPE TO HOLD LARGE SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE FROM 2020 TO 2025
FIGURE 48 EUROPE TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE IN 2020
TABLE 74 HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 2016–2019 (USD MILLION)
TABLE 75 HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 2020–2025 (USD MILLION)
11.4 CANNABIS
11.4.1 CANNABIS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 49 NORTH AMERICA TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR CANNABIS IN 2025
TABLE 76 HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 2016–2019 (USD MILLION)
TABLE 77 HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 2020–2025 (USD MILLION)
12 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY (Page No. - 143)
12.1 INTRODUCTION
FIGURE 50 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
FIGURE 51 LED SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
TABLE 78 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 79 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 80 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2016–2019 (THOUSAND UNITS)
TABLE 81 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2020–2025 (THOUSAND UNITS)
12.2 FLUORESCENT
12.2.1 T5 FLUORESCENT LIGHTS
12.2.1.1 Increasing use of T5 fluorescent lights for indoor cultivation
12.2.2 COMPACT FLUORESCENT LAMP (CFL)
12.2.2.1 Surging adoption of CFL for growing herbs and plants in small spaces
TABLE 82 HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 83 HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY, BY APPLICATION, 2020–2025 (USD MILLION)
12.3 HIGH-INTENSITY DISCHARGE (HID)
12.3.1 HIGH-PRESSURE SODIUM (HPS) LAMPS
12.3.1.1 Growing use of HPS lamps for uniform distribution of light across crops
12.3.2 METAL-HALIDE (MH) LAMPS
12.3.2.1 Surging demand for metal-halide lamps during initial vegetative stage of plant growth
TABLE 84 HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 85 HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION, 2020–2025 (USD MILLION)
12.4 HPS VS MH
TABLE 86 HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 87 HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2020–2025 (USD MILLION)
TABLE 88 HORTICULTURE HPS LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 89 HORTICULTURE HPS LIGHTING MARKET, BY TYPE, 2020–2025 (USD MILLION)
12.5 LIGHT-EMITTING DIODE (LED)
12.5.1 RISING PENETRATION OF LED LIGHTS IN INDOOR FARMING DUE TO THEIR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY
TABLE 90 COMPARISON OF DIFFERENT LIGHT SOURCES
TABLE 91 HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 92 HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION, 2020–2025 (USD MILLION)
12.6 OTHER TECHNOLOGIES
TABLE 93 HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 94 HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES, BY APPLICATION, 2020–2025 (USD MILLION)
13 GEOGRAPHIC ANALYSIS (Page No. - 156)
13.1 INTRODUCTION
FIGURE 52 HORTICULTURE LIGHTING MARKET, BY REGION
TABLE 95 HORTICULTURE LIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 96 HORTICULTURE LIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)
13.2 NORTH AMERICA
FIGURE 53 NORTH AMERICA HORTICULTURE LIGHTING MARKET SNAPSHOT
TABLE 97 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 98 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 99 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 100 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 101 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2016–2019 (USD MILLION)
TABLE 102 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020–2025 (USD MILLION)
TABLE 103 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2016–2019 (USD MILLION)
TABLE 104 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020–2025 (USD MILLION)
TABLE 105 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 106 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 107 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 108 NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
13.2.1 US
13.2.1.1 Increasing number of vertical farms and greenhouses in US to address requirement of fresh horticulture produce
13.2.2 CANADA
13.2.2.1 Surging adoption of horticulture lighting in Canada owing to unfavorable climatic conditions and required government support
13.2.3 MEXICO
13.2.3.1 Growing population and scarcity of resources increase adoption of CEA facilities in Mexico
13.3 EUROPE
FIGURE 54 EUROPE HORTICULTURE LIGHTING MARKET SNAPSHOT
TABLE 109 EUROPE HORTICULTURE LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 110 EUROPE HORTICULTURE LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 111 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 112 EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 113 EUROPE HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2016–2019 (USD MILLION)
TABLE 114 EUROPE HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020–2025 (USD MILLION)
TABLE 115 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2016–2019 (USD MILLION)
TABLE 116 EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020–2025 (USD MILLION)
TABLE 117 EUROPE HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 118 EUROPE HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 119 EUROPE HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2016–2019 (USD MILLION)
TABLE 120 EUROPE HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2020–2025 (USD MILLION)
13.3.1 UK
13.3.1.1 Increasing number of new vertical farms and greenhouses to fuel demand for horticulture lighting market in UK
13.3.2 GERMANY
13.3.2.1 Growing focus on providing right light regimes suitable for different crops using horticulture lights in Germany
13.3.3 NETHERLANDS
13.3.3.1 Continuing dominance of Netherlands as one of leading exporters of agricultural products in Europe
13.3.4 SCANDINAVIA
13.3.4.1 Increasing focus on minimizing fresh fruit and vegetable imports to fuel demand for horticulture lighting in Scandinavian countries
13.3.5 REST OF EUROPE
13.4 APAC
FIGURE 55 APAC HORTICULTURE LIGHTING MARKET SNAPSHOT
TABLE 121 APAC HORTICULTURE LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 122 APAC HORTICULTURE LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 123 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 124 APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 125 APAC HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2016–2019 (USD MILLION)
TABLE 126 APAC HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020–2025 (USD MILLION)
TABLE 127 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2016–2019 (USD MILLION)
TABLE 128 APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020–2025 (USD MILLION)
TABLE 129 APAC HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 130 APAC HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 131 APAC HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2016–2019 (USD MILLION)
TABLE 132 APAC HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY, 2020–2025 (USD MILLION)
13.4.1 CHINA
13.4.1.1 Growing population in China to fuel adoption of CEA practices
13.4.2 JAPAN
13.4.2.1 Rising adoption of urban farming practices to encourage use of horticulture lights in Japan
13.4.3 AUSTRALIA
13.4.3.1 Legalizing Cannabis cultivation, along with less rainfall, to fuel growth of horticulture lighting market in Australia
13.4.4 SOUTHEAST ASIA
13.4.4.1 Rising demand for fresh horticulture produce and increasing support from governments of Southeast Asian countries to fuel market growth
13.4.5 REST OF APAC
13.5 REST OF THE WORLD (ROW)
TABLE 133 ROW HORTICULTURE LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 134 ROW HORTICULTURE LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 135 ROW HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 136 ROW HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 137 ROW HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2016–2019 (USD MILLION)
TABLE 138 ROW HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2020–2025 (USD MILLION)
TABLE 139 ROW HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2016–2019 (USD MILLION)
TABLE 140 ROW HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 2020–2025 (USD MILLION)
TABLE 141 ROW HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 142 ROW HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 143 ROW HORTICULTURE LIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 144 ROW HORTICULTURE LIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)
13.5.1 MIDDLE EAST
13.5.1.1 Increasing investments for local food production in Middle East
13.5.2 AFRICA
13.5.2.1 Prevailing scarcity of water and unfavorable climatic conditions increase adoption of CEA facilities in Africa
13.5.3 SOUTH AMERICA
13.5.3.1 Surging adoption of vertical farms by start-ups in South America
14 COMPETITIVE LANDSCAPE (Page No. - 186)
14.1 OVERVIEW
FIGURE 56 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
14.2 MARKET SHARE AND RANKING ANALYSIS OF KEY PLAYERS IN HORTICULTURE LIGHTING MARKET
TABLE 145 HORTICULTURE LIGHTING MARKET SHARE AND RANKING ANALYSIS, 2019
14.3 HISTORICAL REVENUE ANALYSIS, 2015–2019
TABLE 146 HISTORICAL REVENUE ANALYSIS OF COMPANIES OFFERING HORTICULTURE LIGHTS, 2015– 2019 (USD MILLION)
14.4 COMPANY EVALUATION QUADRANT
FIGURE 57 HORTICULTURE LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2019
14.4.1 STAR
14.4.2 EMERGING LEADER
14.4.3 PERVASIVE
14.4.4 PARTICIPANT
14.5 START-UP/SME EVALUATION MATRIX, 2019
FIGURE 58 HORTICULTURE LIGHTING MARKET (GLOBAL): START-UP/SME EVALUATION MATRIX, 2019
14.5.1 PROGRESSIVE COMPANIES
14.5.2 RESPONSIVE COMPANIES
14.5.3 DYNAMIC COMPANIES
14.5.4 STARTING BLOCKS
14.6 COMPETITIVE SCENARIO
14.6.1 PRODUCT LAUNCHES
TABLE 147 PRODUCT LAUNCHES, 2019–2020
14.6.2 AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS
TABLE 148 AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS, 2019–2020
14.6.3 EXPANSIONS AND ACQUISITIONS
TABLE 149 EXPANSIONS AND ACQUISITIONS, 2019-2020
15 COMPANY PROFILES (Page No. - 196)
15.1 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view)*
15.1.1 SIGNIFY HOLDING
FIGURE 59 SIGNIFY HOLDING: COMPANY SNAPSHOT
15.1.2 GAVITA INTERNATIONAL B.V.
15.1.3 HELIOSPECTRA AB
FIGURE 60 HELIOSPECTRA AB: COMPANY SNAPSHOT
15.1.4 OSRAM GMBH (PART OF AMS AG)
FIGURE 61 OSRAM GMBH: COMPANY SNAPSHOT
15.1.5 CALIFORNIA LIGHTWORKS
15.1.6 VALOYA
15.1.7 LUMIGROW, INC.
15.1.8 HORTILUX SCHRÉDER (DOOL INDUSTRIES)
15.1.9 EYE HORTILUX (AN EYE LIGHTING DIVISION)
15.1.10 ILUMINAR LIGHTING
15.2 OTHER IMPORTANT PLAYERS
15.2.1 GE CURRENT, A DAINTREE COMPANY
15.2.2 PARSOURCE
15.2.3 GE LIGHTING, A SAVANT COMPANY
15.2.4 HUBBELL
15.2.5 AGROLUX
15.2.6 ECONOLUX
15.2.7 OREON
15.2.8 GLACIALLIGHT—LIGHTING DIVISION OF GLACIALTECH
15.2.9 BLACK DOG GROW TECHNOLOGIES INC.
15.2.10 VIPARSPECTRA
15.3 NOTICEABLE START-UPS
15.3.1 ACTIVE GROW LLC
15.3.2 AGNETIX
15.3.3 THRIVE AGRITECH
15.3.4 VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION)
15.3.5 HYPERION GROW LIGHTS
*Details on Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.
16 APPENDIX (Page No. - 235)
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 QUESTIONNAIRE FOR HORTICULTURE LIGHTING MARKET
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.5 RELATED REPORTS
16.6 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, APAC, 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, in terms of value, based on offering, technology, lighting type, cultivation, application, installation type, and region
- To describe and forecast the horticulture lighting market, 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 micromarkets 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
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- Estimation of the market size of the segments of the horticulture lighting market based on different subsegments
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