Product Code: A05543
The Global Horticulture Lighting Market was valued at $4.2 billion in 2022 and is estimated to reach $26.9 billion by 2032, exhibiting a CAGR of 20.3% from 2023 to 2032.
Horticulture lighting involves the use of artificial lighting to encourage plant growth and development in controlled settings such as greenhouses, vertical farms, and indoor cultivation facilities. These systems deliver customized light spectra, intensity levels, and photoperiods suited to different plant types and growth stages, facilitating continuous cultivation, higher crop yields, improved quality, and the promotion of sustainable farming practices.
Horticulture lights are typically made using light-emitting diodes (LEDs) mounted on panels or fixtures. These LEDs emit specific wavelengths of light optimized for plant growth. The panels or fixtures are housed in durable enclosures to protect them from environmental factors. In addition, advanced horticulture lights incorporate features such as adjustable intensity and spectrum control to cater to different plant species and growth stages.
The primary end users of horticulture lighting include commercial growers, research institutions, and home gardeners. Commercial growers utilize horticulture lighting systems in controlled environment agriculture (CEA) facilities such as vertical farms, greenhouses, and indoor cultivation centers to produce high-value crops year-round. Research institutions employ horticulture lighting for plant research, experimentation, and breeding programs. In addition, home gardeners utilize smaller-scale horticulture lighting solutions for indoor gardening projects, including growing herbs, vegetables, and ornamental plants. These end users benefit from the ability of horticulture lighting to provide tailored light spectra, intensity, and photoperiods to support plant growth in diverse environments and applications.
The use of artificial lighting to enhance energy efficiency is a significant driver of the horticulture lighting market. Horticulture lighting systems, particularly those employing LEDs, offer greater energy efficiency compared to traditional lighting technologies. LEDs consume less electricity while providing tailored light spectra optimized for plant growth, minimizing wasted energy. This efficiency translates to lower operating costs for growers, making indoor cultivation more economically viable. In addition, advancements in lighting technology, such as smart controls and sensors, further optimize energy usage by adjusting light intensity and duration on the basis of plant needs. As a result, the pursuit of energy-efficient lighting solutions continues to propel the growth of the horticulture lighting market.
However, the complexity of the light spectrum required for optimal crop cultivation poses a significant restraint on the horticulture lighting industry. Achieving the right balance of wavelengths and intensity levels tailored to specific plant species and growth stages is challenging. Moreover, variations in natural sunlight and environmental conditions further complicate the task. Addressing these complexities necessitates R&D to refine lighting technologies and provide growers with effective solutions for maximizing crop productivity.
With the help of horticulture lighting, the growers aim to provide efficient and effective lighting solutions tailored to the needs of growers in various sectors, including commercial agriculture, research, and home gardening. Horticulture lighting optimizes plant growth, productivity, and quality by delivering specific light spectra, intensity levels, and photoperiods that mimic or enhance natural sunlight. These lighting solutions enable year-round cultivation, increase crop yields, improve crop uniformity, and enhance the nutritional value of produce. In addition, the market seeks to promote sustainability by offering energy-efficient lighting technologies and supporting environmentally friendly farming practices. The goal is to empower growers with the tools and knowledge needed to maximize the potential of indoor and greenhouse cultivation while meeting the demands of a rapidly evolving agricultural landscape.
The horticulture lighting market is segmented on the basis of technology, application, and region. By technology, the market is divided into light-emitting diodes (LEDs), high-pressure sodium (HPS) lamps and others. By application, the market is classified into greenhouse, vertical farming, research, and others.
By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, Australia South Korea, and rest of Asia-Pacific), and Latin America (Brazil, Argentina, and rest of Latin America) and Middle East and Africa (UAE, Saudi Arabia, South Africa, and rest of MEA).
Competitive analysis and profiles of the major Horticulture Lighting market players, such as Signify (formerly Philips Lighting), Osram GmbH, Samsung, Heliospectra AB, Cree LED, Hubbell Incorporated, ACUITY BRANDS, INC.., Lumileds Holding BV., Gavita International B.V. and Everlight Electronics Co., Ltd. are provided in this report. Business strategies such as product launch, investment, acquisition, and partnership were adopted by the major market players in 2022.
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- Product Life Cycles
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
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- Historic market data
Key Market Segments
By Technology
- Light-Emitting Diodes (LEDs)
- High-Pressure Sodium (HPS) Lamps
- Others
By Application
- Greenhouse
- Vertical Farming
- Research
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East And Africa
Key Market Players:
- Signify Holding B.V.
- OSRAM GmbH.
- Samsung Electronics
- Heliospectra AB
- Cree LED, Inc.
- Hubbell Incorporated
- ACUITY BRANDS, INC.
- Lumileds Holding BV
- Gavita International
- EVERLIGHT ELECTRONICS CO., LTD.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Light-Emitting Diodes (LEDs)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. High-Pressure Sodium (HPS) Lamps
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: HORTICULTURE LIGHTING MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Greenhouse
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Vertical Farming
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Research
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: HORTICULTURE LIGHTING MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Technology
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Technology
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Technology
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Technology
- 6.2.4.3.2. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Technology
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. UK
- 6.3.4.1.1. Market size and forecast, by Technology
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.2. Germany
- 6.3.4.2.1. Market size and forecast, by Technology
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Technology
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.4. Rest of Europe
- 6.3.4.4.1. Market size and forecast, by Technology
- 6.3.4.4.2. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Technology
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Technology
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Technology
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Technology
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.4. Australia
- 6.4.4.4.1. Market size and forecast, by Technology
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.5. South Korea
- 6.4.4.5.1. Market size and forecast, by Technology
- 6.4.4.5.2. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Technology
- 6.4.4.6.2. Market size and forecast, by Application
- 6.5. Latin America
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Technology
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Technology
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.2. Argentina
- 6.5.4.2.1. Market size and forecast, by Technology
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.3. Rest of Latin America
- 6.5.4.3.1. Market size and forecast, by Technology
- 6.5.4.3.2. Market size and forecast, by Application
- 6.6. Middle East and Africa
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by Technology
- 6.6.3. Market size and forecast, by Application
- 6.6.4. Market size and forecast, by country
- 6.6.4.1. UAE
- 6.6.4.1.1. Market size and forecast, by Technology
- 6.6.4.1.2. Market size and forecast, by Application
- 6.6.4.2. Saudi Arabia
- 6.6.4.2.1. Market size and forecast, by Technology
- 6.6.4.2.2. Market size and forecast, by Application
- 6.6.4.3. South Africa
- 6.6.4.3.1. Market size and forecast, by Technology
- 6.6.4.3.2. Market size and forecast, by Application
- 6.6.4.4. Rest of Middle East And Africa
- 6.6.4.4.1. Market size and forecast, by Technology
- 6.6.4.4.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Signify Holding B.V.
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. OSRAM GmbH.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
- 8.3. Samsung Electronics
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
- 8.4. Heliospectra AB
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
- 8.5. Cree LED, Inc.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. Hubbell Incorporated
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. ACUITY BRANDS, INC.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
- 8.8. Lumileds Holding BV
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. Gavita International
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
- 8.10. EVERLIGHT ELECTRONICS CO., LTD.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments