Horticulture Lighting Market Scope And Analysis

Report Code : TIPRE00005263
Category : Electronics and Semiconductor

No. of Pages : 150

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Horticulture Lighting Market Analysis and Scope (2024 to 2031)

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Horticulture Lighting Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 5.38 billion
Market Size by 2031	US$ 24.14 billion
Global CAGR (2023 - 2031)	20.7%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Technology Fluorescent Lamps High Intensity Discharge Lights LED Lights By Application Greenhouses Vertical Farming Indoor Farming By Cultivation Fruits and Vegetables and Floriculture
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Agrolux Bridgelux Inc General Electric Company Heliospectra AB Hortilux Schrader B V Hubbell Inc Lumileds Holding B V OSRAM Licht AG PARsource Signify N V

Horticulture Lighting Market News and Recent Developments

The horticulture lighting market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for horticulture lighting and strategies:

In June 2023, ams-OSRAM AG introduced the fifth generation of its popular OSLON Square Hyper Red horticulture LED designed to offer faster plant growth and enable optimized system cost. The company continues to provide important innovation based on customer input by creating LED solutions that produce high photosynthetic photon flux (PPF) at higher efficacy than the previous generation of Hyper Red 660?nm LEDs. The new OSLON Square Hyper Red LED is intended for use in all horticultural lighting applications, including greenhouse top lighting and inter lighting, sole source lighting, and vertical farming applications. (Source: ams-OSRAM AG, Press Release, 2023)

Horticulture Lighting Market Report Coverage and Deliverables

The “Horticulture Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles