Global Horticulture Lighting Market by Offering (Hardware, Software, and Services), By Lighting Type (Inter-Lighting, Top-Lighting), By Technology (Fluorescent Lamps and Others), By Application (Greenhouses and Others) and By Region – Global Forecast 2030

Marketresearch.biz announces the publication of its most recently generated research report titled, “Global Horticulture Lighting Market by Offering (Hardware, Software, and Services), By Lighting Type (Inter-Lighting, Top-Lighting), By Technology (Fluorescent Lamps, High-Intensity Discharge (HID) Lights, LED Lights, Other Technologies), By Application (Greenhouses, Vertical Farming, Indoor Farming, Other Applications), and by Region – Global Forecast to 2030”, which offers a holistic view of the Global Horticulture Lighting Market through systematic segmentation that covers every aspect of the target market. The Global Horticulture Lighting Market is projected to be US$ 3,608.4 Mn in 2021 to reach US$ 20,729.1 Mn by 2030 at a CAGR of 21.4%.

Horticultural lighting is a method of stimulating plant growth through artificial lighting equipment in the absence of natural light. The key sustainable technological advances witnessed by the agricultural industry is the introduction of horticultural lighting. Horticultural lighting can replace sunlight as a catalyst for plant growth. It is an artificial light source used in the photosynthesis process. This light is useful in areas where there is a lack of sunlight, thereby ensuring plants and flowers' natural growth even when there is insufficient sunlight. The main advantage of horticultural lighting is that it helps plants produce more fruits, beautiful flowers, and better leaf shapes and shorten or extend specific growth periods through improved photosynthesis. Advances in horticultural lighting have enabled indoor agriculture to increase crop yields effectively.

Global Horticulture Lighting Market Revenue (US$ Mn), 2021–2030The Global Horticulture Lighting Market is segmented based on offering, lighting type, technology, application, and region. Based on the offering, the market is segmented into hardware, software, and services. Among the different offering types, the hardware is estimated to have higher revenue for the Global Horticulture Lighting Market. The lighting type is further segmented based on inter-lighting and top-lighting. Among the lighting type segment, the top-lighting segment has the largest market share in the target market. By technology, the market is segmented into fluorescent lamps, high-intensity discharge lights, led lights, and other technologies. Based on technology, LED lights account for the highest market share. Based on applications, the Horticulture Lighting Market is segmented into greenhouses, vertical farming, indoor farming, and other applications. The greenhouse segment is expected to register a significant revenue share in the Global Horticulture Lighting Market over the forecast years. Geographically, the Asia Pacific market is anticipated to register the highest CAGR for the horticulture lighting market. Europe holds the top position for the Global Horticulture Lighting Market in terms of revenue and market share.

Global Horticulture Lighting Market Attractiveness Analysis by Lighting Type, 2013–2030 The research report on the Horticulture Lighting Market includes profiles of some of the major companies such as Samsung Electronics Co. Ltd, General Electric Company, Koninklijke Philips NV, OSRAM Licht AG, Cree Inc, Hortilux Schréder B.V., Hydrofarm, Inc. (PARsource), Lumileds Holding B.V, Illumitex Inc., Heliospectra AB.

Global Horticulture Lighting Market Segmentation:

Segmentation by offering:

• Software and Services
• Hardware

Segmentation by lighting type:

• Inter-lighting
• Top-lighting

Segmentation by technology:

• LED Light
• High-Intensity Discharge (HID) Light
• Fluorescent Light
• Others (Induction, Plasma)

Segmentation by application:

• Vertical Farming
• Greenhouses
• Indoor Farming
• Others (Tissue Culture and Research)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa