The latest market intelligence report, titled ‘Global Horticulture Lighting Market’, is intended to provide the target audience with the necessary information about the global Horticulture Lighting industry. The report comprises a detailed analysis of the vital elements of the Horticulture Lighting market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Horticulture Lighting market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. As a result, the report, released by Emergen Research, is a thorough compilation of the essential elements of the Horticulture Lighting market, including the major market segments, top competitors, their company profiles, pricing strategies, production capabilities, revenue generation plans, technological advancements, and many others. It also includes the key players’ product offerings, the broad application range of these products, the major market segments, and many others. The epidemic has had a significant impact on the world economy, which has disrupted the way the Horticulture Lighting market functions. Organizations have been forced by the severe global crisis to effectively adapt to the quickly changing business environment. The study also assesses the pandemic’s initial and long-term effects on the keyword market.
The global horticulture lighting market size is expected to reach USD 11.27 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for environmentally friendly and energy-efficient Light-Emitting Diode (LED) systems in horticulture to maximize crop yield and reduce energy consumption. Development of new and more advanced technologies related with smart agriculture is expected to drive growth of the global horticulture lighting market going ahead. Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.
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The global Horticulture Lighting market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Horticulture Lighting market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting
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The report also presents the analytical information in a well-organized fashion divided into graphs, tables, charts, figures, and diagrams. This makes it simple and useful for readers to comprehend the market situation. The research also tries to convey a forward-looking perspective and reach an insightful conclusion to help the reader make profitable business decisions. In summary, the report offers a thorough analysis of the market segments anticipated to dominate it, the regional division, the estimated market size and share, as well as a thorough SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
-
Lighting Type Outlook (Revenue, USD Billion; 2018–2028)
- Interlighting
- Toplighting
-
Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Others
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Application Outlook (Revenue, USD Billion; 2018–2028)
- Indoor farms
- Vertical farms
- Greenhouses
- Others
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