The "Horticulture Lighting Market Size" Report by Fortune Business Insights delivers a detailed market assessment, covering size projections from 2022 to 2029. This report explores crucial market trends, major drivers, and market segmentation.
What Is the Projected Growth of the Horticulture Lighting ?
The Horticulture Lighting has grown significantly in recent years. It is reached USD 6.19 billion by 2022 and is expected to reach USD 19.87 billion by 2029, at a CAGR of 18.1%.
What Is the Projected Growth of the Horticulture Lighting Market?
The report provides a detailed understanding of the market segments that have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.
The Horticulture Lighting Market is rapidly growing, driven by the rise of controlled environment agriculture like greenhouses and vertical farms. Energy-efficient LED lighting, offering tailored light spectra for optimal plant growth, dominates the market. North America leads in revenue, while Asia-Pacific is the fastest-growing region due to urbanization and sustainable farming needs. Expanding applications include fruits, vegetables, floriculture, and the booming cannabis cultivation sector.
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List of top Horticulture Lighting companies
Bridgelux Inc. (U.S.)
LumiGrow Inc. (U.S.)
EYE Hortilux (U.S.)
Maxigrow Ltd (U.K.)
Signify Holding (Philips Lighting) (Netherlands)
GE Lighting (U.S.)
Hortilux Schreder (Netherlands)
Osram Licht AG (Germany)
Gavita International BV (Netherlands)
Lumileds (U.S.)
Hubbell Lighting (U.S.)
The Horticulture Lighting report delivers comprehensive insights into the global landscape. It blends future forecasts, historical trends, data analytics, and proven industry practices.
This report explores key aspects such as market segmentation, service models, delivery channels, and regional performance. It also includes evaluations of key vendors and product offerings.
The current market scenario is examined in detail, along with projections for growth, industry trends, and market share over the coming years.
By using these insights, businesses can identify new opportunities, reduce risks, and plan strategically in the Hardware & Software IT Services sector.
Drivers & Restrains
Key Growth Drivers
Surging Controlled-Environment Agriculture (CEA) & Indoor Farming
As urbanization increases and arable land becomes limited, growers are adopting greenhouses, vertical farms, and indoor farming techniques to achieve year-round, pesticide-free crop production. In such controlled environments, horticulture lighting is essential for optimizing plant growth.
The rise of CEA systems allows for climate-independent crop cycles, boosting the demand for high-efficiency lighting systems.
Successful case studies in countries with cold winters have shown how supplemental lighting in greenhouses improves yields and extends growing seasons.
Advancements & Cost Declines in LED & Smart Lighting
Modern LED systems offer tailored light spectra, smart controls, higher energy efficiency, and longer operational life, making them the preferred choice over traditional high-pressure sodium (HPS) and fluorescent lights.
LED prices have decreased steadily, making the technology more accessible for growers of all sizes.
Integration with IoT and AI technologies enables real-time adjustments to light intensity and spectrum, improving energy savings and crop outcomes.
Major Restraints
High Upfront Costs & Infrastructure Demands
Despite long-term savings, the initial capital required for LED lighting systems—including fixtures, controllers, and installation—is a significant barrier for small to mid-sized operations.
Retrofitting existing farms or building new indoor facilities demands heavy investment.
Multi-tier setups for vertical farming require more intricate infrastructure and specialized lighting layouts.
Spectrum Management Complexity & Technical Skill Gap
Lighting systems must be finely tuned to match different plant species and growth stages (e.g., germination, flowering, fruiting). This level of precision demands technical expertise, which many growers lack.
Incorrect spectrum or intensity can lead to reduced yield or quality.
The increasing use of AI and automation tools adds further complexity, requiring additional training and support for users.
Regional Insights
North America: United States, Canada, Mexico
Europe: Germany, France, UK, Russia, Italy
Asia-Pacific: China, Japan, Korea, India, Southeast Asia
South America: Brazil, Argentina, Colombia
Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa
Analysis and Insights: Horticulture Lighting Market Size
The Horticulture Lighting Market is projected to witness significant growth from 2025 to 2032, with a strong CAGR anticipated during this period, according to Fortune Business Insights. This expansion is driven by technological advancements and innovations, leading to the development of next-generation aircraft and defense systems.
Emerging markets in the Asia-Pacific region, particularly China and India, are heavily investing in their aerospace and defense sectors, creating new opportunities for market growth. Additionally, companies are adopting strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market presence and diversify their product offerings.
Despite these growth prospects, the industry faces notable challenges, including stringent regulatory requirements, geopolitical uncertainties, and the lingering impact of the COVID-19 pandemic on travel and defense budgets.
Fortune Business Insights is your go-to source for smart and easy-to-understand market research and consulting. Covering industries like technology, healthcare, food, and consumer goods, their reports break down complex data into clear insights. You’ll get up-to-date forecasts, competitor analysis, detailed market segments, and key trends — all designed to help you make confident, informed decisions and grow your business.
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