Horticulture Lighting Market Expects CAGR Growth To Approx. 16.22% By 2030 As Revealed In New Report

The Horticulture Lighting Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Horticulture Lighting Market valued at approximately USD 6.78 billion in 2023, is projected to witness a compound annual growth rate (CAGR) of around 16.22% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.

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Horticulture Lighting Market Segmentation Analysis: 2024-2030
The Horticulture Lighting Market is segmented into:

By Application

Indoor Farming
Greenhouse
Vertical Farming
By Technology

High-Intensity Discharge (HID)LED
High-Pressure Sodium Lamp
FluorescentT5
CFL
By Offering

Hardware
Software
Services
By Cultivation

Vegetable
Fruits
Floriculture
Others (Medicinal plants, Aromatic, etc.)
By Lighting Type

Top lighting
Inter lighting
Supplemental Lighting
Sole-Source Lighting
Photoperiodic Lighting
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.

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Global Horticulture Lighting Market Opportunity:
Growing farm-to-table trends encouraging the need for horticulture lights - With the advent of the farm-to-table concept, access to local food in cafeterias, restaurants, food joints, and other locations has become easier and more flexible. Hence, people are now developing an affinity for locally grown foods which is why they are expected to gain popularity across different markets within the hospitality industry in the coming years. And therefore, the need for such grow lights facilitating on-time delivery of yield in the case of farm-to-table restaurants arises. Such trends owing to their significant impact, are supposed to amplify market growth.

Geographical Coverage of Global Horticulture Lighting Market

North America
South America
Europe
Middle East & Africa
Asia-Pacific
Europe has captured a significant market share in the Global Horticulture Lighting Market.
Top Leading key Players of Global Horticulture Lighting Market
Bridgelux Inc.
EYE Hortilux
Maxigrow Ltd
Hortilux Schreder
Osram Licht AG
Gavita International BV
Lumileds
Agrolux
PARsource
Heliospectra
Signify
Valoya
California Lightworks
LumiGrow
EYE Hortilux
Others
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Common Queries 

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