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.
The latest research report by Emergen Research, named ‘Global Horticulture Lighting Market – Forecast to 2033. The coronavirus outbreak has led to drastic changes in the current Horticulture Lighting Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Horticulture Lighting Market growth assessed on both regional and global levels.
In addition to an in-depth exploration of market dynamics, the report also sheds light on the competitive landscape, profiling major players in the Horticulture Lighting market. The detailed analysis covers market shares, business strategies, product portfolios, and recent developments in the industry. With the rapidly evolving nature of this sector, the report ensures that businesses remain informed and ready to capitalize on emerging opportunities.
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How will this Report Benefit you?
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Horticulture Lighting market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Horticulture Lighting. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
The key companies studied in the report are:
Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting
Research Report on the Horticulture Lighting Market Addresses the Following Key Questions:
- Who are the dominant players of the Horticulture Lighting market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Horticulture Lighting market?
- What are the key growth drivers and restraining factors of the Horticulture Lighting market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Horticulture Lighting market and its key segments?
To know more about the report, click @ https://www.emergenresearch.com/industry-report/horticulture-lighting-market
Global Horticulture Lighting Market research report offers a panoramic view of the Horticulture Lighting Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Horticulture Lighting Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Segments Covered in this report are:
-
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
-
Application Outlook (Revenue, USD Billion; 2018–2028)
- Indoor farms
- Vertical farms
- Greenhouses
- Others
Regional Outlook :
Global growth across the Horticulture Lighting Market is shaped by varying regional dynamics. North America and Europe are at the forefront, benefiting from technological innovations and robust regulatory standards, though challenges such as supply chain interruptions and regulatory compliance remain. In Asia-Pacific, notably China and India, rapid urbanization and growing consumer markets are driving significant expansion. Simultaneously, Latin America, the Middle East, and Africa offer emerging growth opportunities, fueled by economic reforms and increased investment, although political instability and inadequate infrastructure hinder sustained progress.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Horticulture Lighting market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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