Horticulture Lighting Market Growth, Size, Share, Trends and Forecast Report 2032

Maternity Mei
4 min readMay 10, 2024

The Global Horticulture Lighting Size is poised for significant growth, according to a recent publication by Fortune Business Insights, Inc. This trend is fueled by the ever-evolving fashion landscape, where manufacturers must constantly adapt and innovate to stay ahead of the curve.

The latest global forecast report provides a comprehensive outlook on cognitive computing industry share, offering invaluable insights into emerging trends in 2024, market dynamics, and growth opportunities on a global scale. This meticulously researched report delves into the intricate details of various sectors, providing stakeholders with a roadmap to navigate the ever-evolving landscape of the global economy.

Horticulture Lighting Statistics:

ATTRIBUTEDETAILSPrevious YearUSD 5.41 billion in 2021Forecast YearUSD 19.87 billion by 2029CAGR Value18.1%

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The Research Report 2023 Trends, Growth Opportunities, and Forecast Scenarios up to 2030.

The Horticulture LightingI provides detailed insights into the five major elements (size, share, scope, growth, statistics, and potential of the industry). It offers valuable information to help businesses identify opportunities and potential risks within the market. This detailed report is spread across 160 pages, ensuring an in-depth subject matter analysis.

Overall, the share is poised for continued expansion in the coming years due to the increasing demand for sustainable and innovative products, as well as the widespread adoption of technology. By 2030, the global Industry size is projected to reach multimillion figures, displaying an unexpected compound annual growth rate between 2024 and 2030 compared to the figures observed in 2024.

Major Trends in the Horticulture Lighting Market

The Horticulture Lighting Market is experiencing significant trends driven by the increasing adoption of LED technology, the rise of indoor farming and vertical agriculture, and the growing demand for sustainable and energy-efficient lighting solutions. One notable trend is the adoption of LED horticulture lighting systems. LED technology offers numerous advantages over traditional lighting sources such as high-pressure sodium (HPS) and fluorescent lamps, including higher energy efficiency, longer lifespan, and the ability to provide specific light spectrums tailored to plant growth requirements. LED horticulture lighting systems enable growers to optimize light intensity, spectrum, and duration to maximize crop yields, accelerate growth cycles, and improve crop quality. This trend reflects a growing recognition of the role of LED lighting in enabling year-round cultivation, enhancing crop productivity, and reducing energy consumption in horticultural applications.

Discover the Leading Players Featured in the Report:

  • Bridgelux Inc. (U.S.)
  • LumiGrow Inc. (U.S.)
  • EYE Hortilux (U.S.)
  • Maxigrow Ltd (U.K.)
  • Signify Holding (Philips Lighting) (Netherlands)
  • GE Lighting (U.S.)
  • Hortilux Schreder (Netherlands)
  • Osram Licht AG (Germany)
  • Gavita International BV (Netherlands)
  • Lumileds (U.S.)
  • Hubbell Lighting (U.S.)

Fortune Business Insights’ comprehensive business report delves deep into these trends, offering valuable data and industry statistics. By leveraging this knowledge, businesses can develop informed strategies. Whether it’s partnering with established players, targeting specific niches, or investing in innovative technologies, the key lies in aligning strategies with the evolving market dynamics.

Geographical Growth Scenario:

The global Horticulture Lightingis segmented into North America, Asia Pacific, Europe, Rest of the World. North America is expected to account for the largest share of the global Horticulture Lighting in 2024, followed by Europe. The large share of North America can be attributed to the increasing research funding and government initiatives for promoting precision medicine in the US.

The growth in aviation and Horticulture Lighting is due to rising cyber-attacks in the aircraft industry. North America region is expected to hold the largest aviation and Horticulture Lighting share.

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Key Findings of Horticulture Lighting Study:

Machine learning to dominate the Horticulture Lighting in 2024

Diagnostics segment accounted for the largest share of the Horticulture Lighting, by end-user, in 2024

North America accounted for the largest share of the global Horticulture Lighting in 2024

Report Overview

Management of Horticulture Lighting deals with the creation of benefits for the past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, better customer penetration, cross-sales, and industry. A Horticulture Lighting system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs.

Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

Horticulture Lighting Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

Horticulture Lighting Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

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