Horticulture Lighting Market  Industry Outlook, Size, Growth Factors, and Forecast To 2029

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Horticulture Lighting Market is expected to reach US$ 9.50 Bn by 2029, at a CAGR of 21.4% during the forecast period.

Horticulture Lighting Market Overview:

The Horticulture Lighting Market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Horticulture Lighting Market .

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Market Scope:

This Horticulture Lighting Market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Horticulture Lighting Market ; our specialists will aid you in making an informed market choice to achieve market growth.

Segmentation:

Based on technology, the LED lighting segment is estimated to lead the horticultural lighting market in 2021, generating a market revenue of over $xx million by 2029, growing at a CAGR of xx%. These lights are also energy efficient, with low heat generation, compact size and long lifespan of 30,000 to 50,000+ hours. Long service life ensures high reliability. The technology is very inexpensive compared to other artificial light sources and allows farmers to control the intensity of light to adapt it to different plants and crops. These factors lead to the frequent use of LED lighting in greenhouses and indoor agricultural processes.

Geographically, the horticultural lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe maintains xx% market share in 2021 and is expected to reach USD 1 million by the end of 2029 at a CAGR of xx%. This is due to the increasing demand for horticultural lighting in greenhouses, vertical farming and indoor farming applications. Europe is the world's largest exporter and producer of fruits, flowers and vegetables. The European Union's efforts to promote LED grow lights are expected to open up various growth opportunities for his LED module and lamp manufacturers in the region. The establishment of a major lighting company in Europe will drive the growth of the regional market. 

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Key Players:  The following are the key players of the Horticulture Lighting Market -

• Signify Holding
• Gavita International B.V.
• GE Lighting
• OSRAM GmbH
• Agrolux
• Heliospectra AB
• Hortilux Schréder B.V.
• Lumileds Holding B.V.
• PARsource
• Illumitex Inc.
• Hubbell Inc.
• Maxigrow
• Bridgelux
• Eye Hortilux
• Lumigrow
• Excite LED Grow Lights
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting s.r.o.
• Hortisystems UK Ltd
• ProGrowTech
• Ronfell Group
• SAMSUNG Electronics Co. Ltd.
• BSSLED Manufacturing Ltd.
• Forge Europa
• Cropmaster LED
• TE Connectivity Ltd.
• Cree, Inc.
• DiCon Lighting
• Valoya
• EVERLIGHT

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Regional Analysis: 

The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Horticulture Lighting Market : The research also addresses the impact of COVID-19 on the Horticulture Lighting Market . The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Horticulture Lighting Market . The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.

Key Questions Answered in the Horticulture Lighting Market Report are:

  • What will be the CAGR of the Horticulture Lighting Market during the forecast period (2021-2029)?
  • Which segment emerged as the leading segment in the Horticulture Lighting Market ?
  • Which are the prominent players in the Horticulture Lighting Market ?
  • What key trends are likely to emerge in the Horticulture Lighting Market in the forecast period?
  • What will be the Horticulture Lighting Market size by 2029?
  • Which company held the largest share in the Horticulture Lighting Market in 2021?

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