Horticulture Lighting Market Trends, Share, Growth Drivers, Business Analysis and Future Investment 2030: MarkNtel Advisors

Market Insights

As per recent research by MarkNtel Advisors, The Global Horticulture Lighting Market size is valued at around USD 6.78 Billion in 2023 and is projected to grow at a CAGR of around 16.22% during the forecast period, i.e., 2024-30.

Global Horticulture Lighting Market Key Driver:

Widespread Adoption of Horticulture Lighting in Numerous Agricultural Applications – The increased deployment of horticulture lighting in numerous agricultural applications, including urban farming, supplemental lighting, cultivation without daylight, and multilayer cultivation, provides the necessary impetus to the market for the projected timeframe. Further, the growing vertical farming applications and greenhouse projects enthrall the market. Additionally, the population boom for the past few years, instigating the farmers to go indoors and utilize every bit of resource to cater to the up-scaling needs, further propels the market through 2030.

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Market Segmentation and Consumer Behavior:

By Application

• Indoor Farming
• Greenhouse
• Vertical Farming

By Technology

• High-Intensity Discharge (HID)
  • LED
  • High-Pressure Sodium Lamp
• Fluorescent
  • T5
  • CFL

By Offering

• Hardware
• Software
• Services

By Cultivation

• Vegetable
• Fruits
• Floriculture
• Others (Medicinal plants, Aromatic, etc.)

By Lighting Type

• Top lighting
• Inter lighting
• Supplemental Lighting
• Sole-Source Lighting
• Photoperiodic Lighting

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Horticulture Lighting Market Geographical Analysis:

By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Key Players and Competitive Strategies in the Horticulture Lighting Market

Several prominent players dominate the Horticulture Lighting Market, including:

• Bridgelux Inc.
• EYE Hortilux
• Maxigrow Ltd
• Hortilux Schreder
• Osram Licht AG
• Gavita International BV
• Lumileds
• Agrolux
• PARsource
• Heliospectra
• Signify
• Valoya
• California Lightworks
• LumiGrow
• EYE Hortilux
• Others

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Questions Addressed in this Study

1.What factors are driving the Horticulture Lighting Market growth?

2.How is the Horticulture Lighting Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Horticulture Lighting Market?

4.What is the current size of the Horticulture Lighting Market, and how is it projected to change in the future?

6.What is the future outlook for the Horticulture Lighting Market in terms of technological advancements and market expansion?

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Read More:

• https://www.wtaj.com/business/press-releases/ein-presswire/729753894/bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30
• https://www.wnct.com/business/press-releases/ein-presswire/729753894/bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30
• https://www.theeuropesun.com/article/729753894-bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30
• https://fox59.com/business/press-releases/ein-presswire/729753894/bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30
• https://www.usdailyledger.com/article/729753894-bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30
• https://www.ustimesgazette.com/article/729753894-bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-19-27-during-2024-30

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