The horticulture lighting market in Europe is expected to grow from US$ 991.1 million in 2019 to US$ 3767.9 million by 2027; it is estimated to grow at a CAGR of 18.8 % from 2020 to 2027.
The France, Germany, UK, Italy and Russia are major economies in Europe. Rising population and advancements in greenhouse and indoor farming approaches is expected to surge the Europe horticulture lighting market in a positive way. Due to the population boom witnessed in European Countries, massive demand for food products is anticipated in the coming years. This is why numerous countries are focusing on greenhouse and indoor farming techniques to increase their agricultural yield significantly. Still, with the growing popularity of the concepts of horticulture and indoor crop cultivation, the Europe horticulture lighting market is expected to pace up quickly in the near future as the farmers are adopting big data technologies, predictive analytics, the internet of things (IoT), and automation in the farming techniques. For example, a research company in Europe is currently testing a robot that picks mushrooms. Such developments and research initiatives taken in the horticulture field are driving the growth of the Europe horticulture lighting market. Thus, the advancements in greenhouse and indoor farming approaches a well as rising population in Europe is expected to create significant demand for horticulture lighting in the coming years, which is further anticipated to drive the market in Europe.
Moreover, in case of COVID-19, Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. In the region, imports of produce from countries such as China, India, and South Africa have slowed owing to this pandemic. But Spain has increased its imports from Morocco since the start of the pandemic to guarantee the supply of fresh vegetables and fruits in Europe. Further, owing to lockdown across region, there has been a halt in business operation. Various businesses in the countries of Europe either had to suspend their operations or reduce their activities in a substantial manner which resulted in supply and demand disruptions and thus affected the sales of companies operating in the region. All these factors are expected to have a direct impact on horticulture lighting market growth in European countries. Horticulture lighting market in Italy, Spain, Germany, UK, and France is anticipated to see the worst impact in 2020 and likely in 2021.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe horticulture lighting market. The Europe horticulture lighting market is expected to grow at a good CAGR during the forecast period.
Europe Horticulture Lighting Market
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Europe Horticulture Lighting Market Segmentation
Europe Horticulture Lighting Market – By Technology
- LED Lights
- High Intensity Discharge Lights
- Fluorescent Lamps
Europe Horticulture Lighting Market – By Application
- Greenhouses
- Vertical Farming
- Indoor Farming
Europe Horticulture Lighting Market – By Cultivation
- Fruits and Vegetables
- Floriculture
Europe Horticulture Lighting Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Horticulture Lighting Market -Companies Mentioned
- Agrolux
- General Electric Company
- Heliospectra AB
- Hortilux Schréder B.V
- Hubbell, Inc.
- Lumileds Holding B.V.
- OSRAM Licht AG
- Signify N.V.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Application, and Cultivation
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Horticulture Lighting Market – By Technology
1.3.2 Europe Horticulture Lighting Market – By Application
1.3.3 Europe Horticulture Lighting Market – By Cultivation
1.3.4 Europe Horticulture Lighting Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Horticulture Lighting Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Horticulture Lighting Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Government Initiatives
5.1.2 Rising Population and Advancements in Greenhouse and Indoor Farming Approaches
5.2 Market Restraints
5.2.1 Insufficient Awareness and High Costs Involved
5.3 Market Opportunities
5.3.1 Increase in Importance of Vertical Farming
5.4 Future Trends
5.4.1 LED Lighting to Open New Growth Prospect
5.5 Impact Analysis of Drivers and Restraints
6. Horticulture Lighting Market – Europe Analysis
6.1 Europe Horticulture Lighting Market Overview
6.2 Europe Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Europe Horticulture Lighting Market Analysis – By Technology
7.1 Overview
7.2 Europe Horticulture Lighting Market, By Technology (2019 and 2027)
7.3 LED Lights
7.3.1 Overview
7.3.2 LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
7.4 High Intensity Discharge Lights
7.4.1 Overview
7.4.2 High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Fluorescent Lamps
7.5.1 Overview
7.5.2 Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Horticulture Lighting Market Analysis – By Application
8.1 Overview
8.2 Europe Horticulture Lighting Market, By Application (2019 and 2027)
8.3 Greenhouses
8.3.1 Overview
8.3.2 Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Vertical Farming
8.4.1 Overview
8.4.2 Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Indoor Farming
8.5.1 Overview
8.5.2 Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Horticulture Lighting Market Analysis – By Cultivation
9.1 Overview
9.2 Europe Horticulture Lighting Market Breakdown, by Cultivation, 2019 & 2027
9.3 Fruits and Vegetables
9.3.1 Overview
9.3.2 Fruits and Vegetables Market Revenue and Forecast to 2027 (US$ Million)
9.4 Floriculture
9.4.1 Overview
9.4.2 Floriculture Market Revenue and Forecast to 2027 (US$ Million)
10. Europe Horticulture Lighting Market – Country Analysis
10.1 Overview
10.1.1 Europe: Horticulture Lighting Market, by Key Country
10.1.1.1 Germany: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Horticulture Lighting Market, by Technology
10.1.1.1.2 Germany: Horticulture Lighting Market, by Application
10.1.1.1.3 Germany: Horticulture Lighting Market, by Cultivation
10.1.1.2 France: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Horticulture Lighting Market, by Technology
10.1.1.2.2 France: Horticulture Lighting Market, by Application
10.1.1.2.3 France: Horticulture Lighting Market, by Cultivation
10.1.1.3 Italy: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Horticulture Lighting Market, by Technology
10.1.1.3.2 Italy: Horticulture Lighting Market, by Application
10.1.1.3.3 Italy: Horticulture Lighting Market, by Cultivation
10.1.1.4 UK: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Horticulture Lighting Market, by Technology
10.1.1.4.2 UK: Horticulture Lighting Market, by Application
10.1.1.4.3 UK: Horticulture Lighting Market, by Cultivation
10.1.1.5 Russia: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Horticulture Lighting Market, by Technology
10.1.1.5.2 Russia: Horticulture Lighting Market, by Application
10.1.1.5.3 Russia: Horticulture Lighting Market, by Cultivation
10.1.1.6 Rest of Europe: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Horticulture Lighting Market, by Technology
10.1.1.6.2 Rest of Europe: Horticulture Lighting Market, by Application
10.1.1.6.3 Rest of Europe: Horticulture Lighting Market, by Cultivation
11. Europe Horticulture Lighting Market- COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Agrolux
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Signify N.V.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Heliospectra AB
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Lumileds Holding B.V.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hortilux Schréder B.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 OSRAM Licht AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 General Electric Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hubbell, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 5. France: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 11. UK: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Horticulture Lighting Market Segmentation
Figure 2. Europe Horticulture Lighting Market Segmentation – By Country
Figure 3. Europe Horticulture Lighting Market Overview
Figure 4. LED Lights Segment Held the Largest Market Share Based on Technology
Figure 5. Greenhouses Segment Held the Largest Market Share Based on Application
Figure 6. Fruits and Vegetable Segment Held the Largest Market Share Based on Cultivation
Figure 7. France is Expected to be Fastest Growing Country During Forecast Period
Figure 8. Europe: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Europe Horticulture Lighting Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Europe Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)
Figure 13. Europe LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)
Figure 17. Europe Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)
Figure 21. Europe Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Europe Floriculture Market Revenue and Forecast to 2027(US$ Million)
Figure 23. Europe: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)
Figure 24. Germany: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 25. France: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 26. Italy: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 27. UK: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 28. Russia: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 29. Rest of Europe: Horticulture Lighting Market – Revenue and Forecast To 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic on Europe Country Markets
The List of Companies - Europe Horticulture Lighting Market
- Agrolux
- General Electric Company
- Heliospectra AB
- Hortilux Schréder B.V
- Hubbell, Inc.
- Lumileds Holding B.V.
- OSRAM Licht AG
- Signify N.V.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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