Us Indoor Vertical Farming Lighting Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Indoor Vertical Farming Lighting Market was valued at USD 1.4 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 19.2% from 2024 to 2030.
The U.S. Indoor Vertical Farming Lighting Market is experiencing significant growth, driven by the increasing adoption of vertical farming techniques and the demand for efficient, sustainable agricultural practices. Vertical farming involves cultivating crops in stacked layers or vertically inclined surfaces, often within controlled indoor environments. This method addresses challenges such as limited arable land, water scarcity, and the need for year-round crop production. Central to the success of vertical farming is the implementation of specialized lighting systems that optimize plant growth and productivity.
Lighting plays a pivotal role in indoor vertical farming by providing the necessary light spectrum, intensity, and duration to support photosynthesis and plant development. The primary types of lighting used in these systems include:
Fluorescent Lights: Traditional and cost-effective, though less energy-efficient compared to newer technologies.
LED Lights: Offer energy efficiency, longer lifespan, and customizable light spectrums tailored to specific plant needs.
High-Pressure Sodium (HPS) Lights: Provide high-intensity light, commonly used in commercial setups for their effectiveness in promoting flowering and fruiting stages.
Among these, LED lights have gained prominence due to their energy efficiency and ability to provide customized lighting spectrums. The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over the forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components. citeturn0search4
In the United States, the indoor farming market was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 11.9% from 2024 to 2030. This growth is attributed to the increasing emphasis on healthy lifestyles and the need for sustainable food production methods. The U.S. government encourages the development of indoor farms through several initiatives, which in turn, is projected to fuel market growth. citeturn0search2
Key players in the U.S. indoor vertical farming lighting market include:
Philips Lighting
Everlight Electronics
Netafim
Argus Controls Systems
LumiGrow
Valoya
Vertical Farm Systems
OSRAM
General Hydroponics
Richel Group
Agrilution
LED iBond
Oreon
BIOS Lighting
These companies are at the forefront of developing innovative lighting solutions that enhance crop yields and energy efficiency in vertical farming operations. The integration of advanced technologies such as Light Emitting Diodes (LEDs) and Internet of Things (IoT) devices has further propelled the market, enabling farmers to create optimal growing conditions and monitor plant health effectively. The growing awareness regarding food security, coupled with the rising demand for locally sourced fresh produce, is further fueling the market growth. With advancements in lighting solutions and the integration of smart farming technologies, the vertical farming lighting market is poised to witness significant expansion in the coming years. citeturn0search0
In summary, the U.S. Indoor Vertical Farming Lighting Market is poised for substantial growth, driven by technological advancements, increased demand for sustainable agriculture, and supportive government policies. The evolution of lighting technologies continues to play a crucial role in enhancing the efficiency and productivity of indoor vertical farming systems, contributing to the future of food production in the United States.
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Philips Lighting
Everlight Electronics
Netafim
Argus Controls Systems
LumiGrow
Valoya
Vertical Farm Systems
OSRAM
General Hydroponics
Richel Group
Agrilution
LED iBond
Oreon
BIOS Lighting
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Indoor Vertical Farming Lighting Market
LED Lighting
HID (High-Intensity Discharge) Lighting
CFL (Compact Fluorescent Lamp) Lighting
Incandescent Lighting
Leafy Greens
Herbs
Fruit-bearing Plants
Root Vegetables
Commercial Farming
Research and Development
Home Gardening
Education and Training
Full Spectrum
Red Spectrum
Blue Spectrum
White Spectrum
Online Sales
Offline Retail
Direct Sales to Farms
Distributors/Wholesalers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Indoor Vertical Farming Lighting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Indoor Vertical Farming Lighting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Indoor Vertical Farming Lighting Market, By Type
6. Global Indoor Vertical Farming Lighting Market, By Application
7. Global Indoor Vertical Farming Lighting Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Indoor Vertical Farming Lighting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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