Horticulture Lighting Market Size, Top Players, and Forecast by 2031
Horticulture Lighting Market: Strategic Insights
Horticulture Lighting Market
-
CAGR (2023 - 2031)20.7% -
Market Size 2023
US$ 5.38 billion -
Market Size 2031
US$ 24.14 billion
Market Dynamics
GROWTH DRIVERS
- Increasing Urbanization, High Food Costs, and Environmental Degradation
FUTURE TRENDS
- The growing demand for fresh and organic food among consumers worldwide
OPPORTUNITIES
- Rising Demand for Indoor Farming
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Fluorescent Lamps
- High Intensity Discharge Lights
- LED Lights
Application
- Greenhouses
- Vertical Farming
- Indoor Farming
Cultivation
- Fruits and Vegetables and Floriculture