Market projections for horticulture lighting worldwide through 2029: industry overview and major
- Ankita raut
- Jun 15, 2023
- 2 min read
The horticulture lighting market has experienced significant growth and innovation in recent years. With advancements in LED technology and increasing awareness about the benefits of controlled environment agriculture (CEA), horticultural lighting has become a crucial component in indoor farming and greenhouse applications. The market offers a wide range of lighting solutions tailored specifically for plant growth, including full-spectrum LEDs, high-pressure sodium (HPS) lights, and fluorescent lamps. These lighting systems are designed to provide the optimal light spectrum and intensity for different stages of plant development, promoting photosynthesis and maximizing crop yield. Moreover, the adoption of smart lighting solutions, incorporating sensors and automation, has further revolutionized the industry by enabling precise control over lighting parameters, energy efficiency, and crop management
The Horticulture Lighting Market size will grow from USD 5.41 billion in 2021 to USD 19.87 billion by 2029 at a compound annual growth rate (CAGR) of 18.1%.
Read More On The Horticulture Lighting Market Report Here: https://www.fortunebusinessinsights.com/horticulture-lighting-market-106903
Additionally, it provides a futuristic perspective on various factors that are likely to boost Horticulture Lighting Market growth in the years to come. Besides, authors of the report have shed light on the factors that may hamper the growth of the Market.
The report offers valuable insight into the Market progress and approaches related to the Market with an analysis of each region. The report goes on to talk about the dominant aspects of the market and examine each segment.
TOP KEY PLAYERS:
· 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.)
The Horticulture Lighting Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2023-2029.
Major Table Of Contents: 1. Introduction 2. Executive Summary 3. Market Dynamics 4. Competition Landscape 5. Horticulture Lighting Market Segmentation 6. Horticulture Lighting Market Regional and Country Analysis
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