Horticulture lighting market is used in the indoor farming applications as it acts as supplement light for crops instead of natural daylight. It supports as well as enhances the plants growth by illuminating them with artificial light. It is used in various urban farming applications such as for indoor farming, vertical farming and greenhouses. Horticulture lighting allows the cultivation of the plants without any need of daylight through providing them artificial lights for the photosynthesis process in plants. The LED lights are the more advanced technology which is used in the horticulture industry as it offers easy installations and low-cost solutions to the customer.

Legalization of medicinal purpose cannabis from various governments globally in past few years will accelerate the market growth. In the U.S., the government has legalized the medical cannabis in 33 states such as Alaska, Arizona, Arkansas, California, Colorado, Connecticut Delaware, District of Columbia, Florida, Hawaii and Illinois. In Canada, purchase of cannabis has also been fully legalized in the whole country. Europe is the most progressive region with respect to the legalization of cannabis for medical purposes.

Horticulture lighting market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 17.80% in the forecast period of 2020 to 2027and expected to reach USD 19,039.46 million by 2027 from USD 5,134.43 million in 2019. Growing demand for organic food across the world is expected to surge the market.

This Horticulture lighting Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This Horticulture lighting Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.

Market Drivers and Restraints:

On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share in forecast period because this offers enhanced crop yields. Thus, the enhanced crop yield through the deployment of turnkey has increases the inclination of farmers towards turnkey solution.

On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. The toplighting segment is accounted with the largest market share as it acts as an important source in the plant growth which helps the plant to prepare their food through artificial method.

On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the market due to the rising demand of the fresh vegetable which has resulted in increased vegetable production. Furthermore, these vegetables are easily grown in the indoor farming with less water and soil requirement for its cultivation. Changes in the lifestyle mostly in developing countries are also considered as an important factor due to the growing health consciousness.

On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has reported with highest share as it gives maximum yield by producing perfect UV rays intensity helping the crops to develop photosynthesis process resulting in better crop growth at indoor location.

The major players covered in the Horticulture lighting Market

The major players covered in the report are Heliospectra AB, excite LED Grow Lights, Greens Hydroponics, UPSHINE Lighting, TESLUX Lighting s.r.o., Hortisystems UK Ltd, ProGrowTech, Ronfell Group, GENERAL ELECTRIC, Agrolux, SAMSUNG, Hortilux Schréder B.V., OSRAM GmbH, Signify Holding, BSSLED Manufacturing Ltd., Forge Europa, Cropmaster LED, TE Connectivity Ltd., Cree, Inc., DiCon Lighting, Valoya, EVERLIGHT, Gavita, among other players domestic and global. Horticulture lighting market share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Major TOC Of Global Horticulture lighting Market

Chapter One: Horticulture lighting Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three:  Global Horticulture lighting Market Competition, by Players

Chapter Four: Global Horticulture lighting Market Size by Regions

Chapter Five: North America Horticulture lighting Market Revenue by Countries

Chapter Six: Europe Horticulture lighting Market Revenue by Countries

Chapter Seven: Asia-Pacific Horticulture lighting Market Revenue by Countries

Chapter Eight: South America Horticulture lighting Market Revenue by Countries

Key Report Highlights

Comprehensive pricing analysis based on different product types and regional segments

Market size data in terms of revenue and sales volume

Deep insights about regulatory and investment scenarios of the Horticulture lighting Market   

Analysis of market effect factors and their impact on the forecast and outlook of the Horticulture lighting Market   

The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Horticulture lighting Market   

A roadmap of growth opportunities available in the Horticulture lighting Market   with the identification of key factors

The exhaustive analysis of various trends of the Horticulture lighting Market   to help identify market developments

Key Questions Answered in Report:

What is the key to the Horticulture lighting Market?

What will the Horticulture lighting Market Demand and what will be Growth?

What are the latest opportunities for Horticulture lighting Market in the future?

What are the strengths of the key players?

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