1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Lighting Market Trends
Horticulture Lighting Market

Horticulture Lighting Market

  • March 2020
  • 149 pages
  • ID: 5932772
  • Format: PDF
  • Prescient & Strategic Intelligence Private Limited


Table of Contents

Horticulture Lighting Market

"The worldwide population is expected to increase to 8.5 billion by 2030, from 7.7 billion in 2019, as per the United Nations Department of Economic and Social Affairs (UN-DESA). Additionally, the disposable income of people is also rising, and the two factors are together resulting in a growing demand for food products.
To increase the yield, by making the best use of the available land, several countries are developing indoor farming techniques. Thus, with the population boom, the revenue generated in the global horticulture lighting market is expected to rise from $3.2 billion in 2019 to $20.3 billion by 2030, at a CAGR of 18.1% during 2020–2030 (forecast period).

Light-Emitting Diode (LED) to Dominate Market during Forecast Period
Till 2030, LED would continue holding the largest revenue share in the horticulture lighting market, as this technology is quite cost-effective and lets farmers control the light intensity to suit different plants and crops. These factors are resulting in a high adoption of LED lights in greenhouse and indoor agricultural processes.

During the forecast period, the flowers bifurcation is expected to witness significant horticulture lighting market growth, as the demand for flower buds and cut flowers for decorative purposes is surging. From 2017, the exports of such products rose by 2.5%, to garner $6.6 billion in revenue in 2018, as per Trade Map. Currently, Europe’s flower exports account for the highest revenue, followed by Latin America (LATAM), Asia-Pacific (APAC), Middle East and Africa (MEA), and North America.

In 2019, top lighting dominated the horticulture lighting market, as this type of lighting is vastly used for vertical farming, wherein the lights are placed close to the plants. Similarly, in indoor farming, the lamps and bulbs are suspended for the ceiling, because it creates optimum conditions for the growth of plants.

In the coming years, the fastest growth in the horticulture lighting market is projected to be experienced by the indoor/vertical farming division. The rapid increase in population and urbanization rate is leading to the shrinking of cultivable land, which is forcing the agrarian community to adopt indoor farming methods. Additionally, farmers are being offered financial support, to install vertical farms, by companies such as Toshiba Corporation and Panasonic Corporation.

Europe was the largest horticulture lighting market during the historical period (2014–2019). This is because it is the largest exporter as well as producer of fruits, flowers, and vegetables around the world. During the forecast period, the highest CAGR, of 21.1%, would be experienced in Asia-Pacific, owing to its increasing disposable income and population. Further, as a result the reducing arable area, numerous countries in the region are looking at modern farming techniques, such as indoor horticulture, greenhouse, and vertical farming.

Market Players Strongly Pursuing Client Wins to Better their Position
In the recent years, several players in the horticulture lighting market have successfully pursued client wins to increase their sales and strengthen their position in the industry. For instance, a Canadian licensed producer of recreational and medicinal marijuana selected LumiGrow Inc. as its LED lighting partner in May 2019, for its six-acre cannabis greenhouse expansion project.

Similarly, in October 2019, Heliospectra AB received a $7.46 million (SEK 72 million) order for its MITRA LED lights from Nectar Farms in Victoria, Australia. The lights will be installed at a tomato-based glasshouse at Nectar Farms.

The competition in the global horticulture lighting market is primarily among Cree Inc., Samsung Electronics Co. Ltd., Lumileds Holding B.V., EPISTAR Corporation, Everlight Electronics Co. Ltd., Osram Licht AG, Broadcom Inc., Signify N.V., Illumitex Inc., Hubbell Incorporated, Hortilux Schréder B.V., LumiGrow Inc., General Electric Company, and Heliospectra AB, as they are the largest companies in the domain."

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

North America Tunnel Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design, Installation, Type, and Application

  • $ 3000
  • August 2021
  • 109 pages

The tunnel lighting market in North America is expected to grow from US$ 488.71 million in 2021 to US$ 666.51 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Roadways tunnels ...

  • North America
  • Lighting
  • Tunnel Construction
  • Industry analysis
  • LED Production
  • Greenhouse Gas Emissions


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on