Horticultural Lighting Solution Market size was valued at USD 2.2 Billion in 2024 and is forecasted to grow at a CAGR of 12.8% from 2026 to 2033, reaching USD 6.5 Billion by 2033.
The horticultural lighting solution market was valued at approximately USD 3.1 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 19.4% from 2023 to 2030. The increasing demand for energy efficient lighting systems and the growing adoption of vertical farming and greenhouse cultivation are driving market growth. In addition, the shift toward sustainable farming practices and enhanced plant growth technologies are contributing to the demand for advanced lighting solutions. North America held the largest market share in 2022, accounting for nearly 40% of the global market share. This is attributed to the high adoption of horticultural lighting systems in commercial farming, research institutions, and cannabis cultivation in the region. Regionally, Europe and the Asia Pacific are expected to exhibit significant growth over the forecast period. Europe is anticipated to witness a steady rise due to the increasing government support for urban agriculture and the shift towards controlled environment agriculture (CEA). The Asia Pacific region, particularly China and Japan, is expected to grow at a rapid pace due to rising awareness about controlled farming practices and the development of large scale agricultural production systems. The market in these regions is also supported by favorable policies and government initiatives to boost crop production and ensure food security. The Latin American and Middle Eastern markets are expected to show moderate growth, with opportunities arising from the expansion of greenhouse farming and local agricultural production.
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LEDINPRO
Philips
Osram
Everlight Electronics
Hubbell Lighting
Cree
General Electric
Gavita
Kessil
Fionia Lighting
Illumitex
Lumigrow
Valoya
Cidly
Heliospectra AB
Ohmax Optoelectronic
GE Lighting
Agrolux
Heliospectra
Hortilux Schreder
Lumileds
PARsource
Eye Hortilux
Hubbell
Maxigrow
Bridgelux
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. 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 Horticultural Lighting Solution Market
LED (Light Emitting Diodes)
HID (High-Intensity Discharge) Lights
CFL (Compact Fluorescent Lamp)
Incandescent Lighting
Others (including plasma and induction lights)
Indoor Gardening
Greenhouses
Vertical Farming
Agricultural Research
Commercial Landscape
Fruits and Vegetables
Ornamental Plants
Herbs and Spices
Flowers
Others (such as medicinal plants)
Commercial Growers
Home Gardeners
Research Institutions
Nurseries and Garden Centers
Educational Institutions
Full Spectrum
Red Light Spectrum
Blue Light Spectrum
UV Light Spectrum
Far Red Light Spectrum
US (United States, US 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 Horticultural Lighting Solution 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 Horticultural Lighting Solution Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Horticultural Lighting Solution Market, By Type
6. Global Horticultural Lighting Solution Market, By Application
7. Global Horticultural Lighting Solution Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Horticultural Lighting Solution Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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