Overview of Horticulture Lighting Market Study

The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Horticulture Lighting Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.

Report Timeline:

Historicalperiod: 2018 – 2021
Base Year:2022
Forecasting period:2023 – 2028

The Report Include Answers The Following Questions:

What are the key drivers and trends in the industry, and how is the market structured?
How are the market segments divided, and what is their respective size?
Which segments and geographies offer the most expansion opportunities?
What is the competitive landscape and market positioning of the players?

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Estimation of Horticulture Lighting Market Size and Growth Until 2028

The Global Horticulture Lighting Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 21.1%.

Geographical Breakdown of Horticulture Lighting Market:

The Horticulture Lighting market is categorized into the following regions:

North America
South America
Europe
The Middle East and Africa
Asia-Pacific

Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.

Opportunities in Horticulture Lighting Market:

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.

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List of Prominent Companies in the Horticulture Lighting Market and Their Latest Investment/Development –

Signify, the behemoth in lighting, has finally acquired Fluence, one of the brands from AMS OSRAM. The acquisition seems to strengthen the global Agriculture lighting growth platform and extends the position of Signify in the attractive North American horticultural lighting market.

Other Companies –

– Bridgelux Inc.
– EYE Hortilux
– Maxigrow Ltd
– Hortilux Schreder
– Osram Licht AG
– Gavita International BV
– Lumileds
– Agrolux
– PARsource
– Heliospectra
– Valoya
– California Lightworks
– LumiGrow
– EYE Hortilux
– Others

The research report extensively covers key market players and their developments in the Horticulture Lighting market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.

Horticulture Lighting Market Analysis 2023-2028: Complete Segmentation Study

By Application

Indoor Farming
Greenhouse
Vertical Farming

By Technology

High-Intensity Discharge (HID)
- LED
- High-Pressure Sodium Lamp
Fluorescent
- T5
- 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

The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.

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Parameters for Examining the Horticulture Lighting Market Report

This study offers a comprehensive examination of the Horticulture Lighting Market, presenting valuable insights into its key patterns, advancements, drivers, and challenges. It focuses on different market segments, identifying potential milestones for growth throughout the projected timeframe.
This market research report illuminates the significant factors that are shaping the dynamics of the market. It discusses the obstacles and opportunities that competitors are encountering. Furthermore, it delves into the industry’s fluctuations, providing detailed insights and predictions that influence its growth in terms of market segmentation and geographical landscape.
Additionally, the report conducts an in-depth analysis of the competitive structure and fragmentation within the industry. It emphasizes crucial aspects such as alliances, mergers and acquisitions, strategic loyalty, and investment. These insights provide a comprehensive understanding of the current state of the market and its future prospects.

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Is Investing in the Horticulture Lighting Market a Good Choice? | Current Share, Growth Rate, and Main Competitors