Global Horticulture Lighting Market By Offering (Hardware, Software, Services) By Technology (Fluorescent, HID, LED and Other technologies) By Opportunity Analysis and Industry Forecast
Horticulture Lighting Market Size And Forecast
Horticulture Lighting Market was valued at USD 2.55 Billion in 2018 and is projected to reach USD 10.62 Billion by 2026, growing at a CAGR of 19.40% from 2019 to 2026.
Global Horticulture Lighting Market Overview
The lightings used for horticulture (garden cultivation) are referred to as horticulture lighting. Horticulture lighting induces plants growth by manipulating the light conditions according to the need of plants that helps boost the yields throughout the year. Due to an increase in awareness regarding sustainability, initiatives have been taken by governments, and organizations globally to improve horticulture with effective and efficient lighting. The lightings are used for the cultivation of fruits ; vegetables and floriculture, which is anticipated to fuel the demand and contribute to growth. Furthermore, demand for horticulture lighting systems is growing in vertical farming applications ; top companies are coming up with initiatives that support the farmers financially. These initiatives are expected to bring lucrative growth opportunities during the forecast period.
Global Horticulture Lighting Market: Segmentation Analysis
Global Horticulture Lighting Market is segmented based onLighting Type, Technology, Cultivation, Application, And Geography.
Key Players in Horticulture Lighting Market
The Global Horticulture Lighting Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- Signify (Philips Lighting)
- Gavita Holland B.V.
- GE Lighting (GE Lighting + Current)
- OSRAM (Opto Semiconductors)
- Hortilux Schreder B.V.
- Lumileds, PARsource
- Eye Hortilux
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