園芸用照明市場 : 2028年までの世界予測

園芸用照明の市場規模は2023年中に37億ドル、2028年までに104億ドルに達し、2023年から2028年までに年平均成長率（CAGR）22.4％で成長すると予測されています。

MarketsandMarkets（マーケッツアンドマーケッツ）「園芸用照明市場 : 設置タイプ（新規設置、改修設置）、照明タイプ（トップライト、インターライト）、提供物（ハードウェア、ソフトウェア＆サービス）、栽培タイプ、テクノロジー、用途、地域別 – 2028年までの世界予測 – Horticulture Lighting Market by Installation type (New Installations, Retrofit Installations), Lighting Type (Toplighting, Interlighting), Offering (Hardware, Software & Service), Cultivation Type, Technology, Application, Region – Global Forecast to 2028」は世界の園芸用照明市場を調査し、主要セグメント毎の分析・予測結果を提供します。

主な掲載内容

• 市場概観
  • 市場ダイナミクス
  • バリューチェーン分析分析
  • 顧客のビジネスに影響を与える動向／ディスラプション
  • エコシステム分析
  • 技術分析
  • ファイブフォース分析
  • 特許分析
  • 貿易分析
  • 価格分析
  • ケーススタディ分析
  • 法規制環境
  • 主要会議＆イベント　2023-2024年
  • 主要ステークホルダーと購入基準
• 設置タイプ別園芸用照明市場
  • 新規
  • 改修
• 照明タイプ別園芸用照明市場
  • トップライティング
  • インターライティング
• オファリング別園芸用照明市場
  • ハードウェア
  • ソフトウェア＆サービス
• 栽培タイプ別園芸用照明市場
  • 果物＆野菜
  • 花き
  • カンナビス
• 技術別園芸用照明市場
  • 蛍光性
  • 高輝度放電灯（HID）
  • メタルハライド（MH）ランプ
  • LED
  • その他
• 用途別園芸用照明市場
  • 温室
  • 垂直農法（バーティカルファーム）
  • 屋内農場
  • その他
• 地域別園芸用照明市場
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • 英国
    • ドイツ
    • オランダ
    • スカンディナヴィア
    • その他の欧州
  • アジア太平洋地域
    • 中国
    • 日本
    • 東南アジア
    • オーストラリア
    • その他のアジア太平洋地域
  • その他の地域（RoW）
    • 南米
    • 中東＆アフリカ
  • 競争環境
    • 主要プレイヤの重要戦略
    • 市場シェアとランキング分析
    • 企業収益分析　2018-2022年
    • 企業評価マトリクス　2022年
    • 競合ベンチマーキング
    • スタートアップ/中小企業評価マトリクス
    • スマートアップ/中小企業一覧
    • 主要スマートアップ/中小企業の競合ベンチマーキング
    • 競合シナリオと動向
  • 企業情報
  • 付録

Report Overview

The horticulture lighting market is expected to reach USD 10.4 billion by 2028 from USD 3.7 billion in 2023, at a CAGR of 22.4% during the 2023–2028 period. Horticulture lighting technology has the ability to offer customizable light spectra, tailored to meet the specific requirements of diverse plant species and various growth stages. This level of precision and customization has transformed the way plants are cultivated, as it allows growers to create an ideal light environment for each crop, leading to optimized plant growth and faster maturation processes. In traditional farming methods, plants rely solely on natural sunlight, which may not always provide the ideal spectrum of light for optimal growth. Horticulture lighting addresses this limitation by utilizing light-emitting diodes (LEDs) that can produce light across a wide range of wavelengths. This flexibility allows growers to select and fine-tune the light spectrum best suited to the specific needs of their crops.

Different plant species have varying light requirements, and even within a single plant’s life cycle, their lighting needs can change. For instance, young seedlings may require more blue light to promote strong root and shoot development, while mature plants may benefit from an increased amount of red light to support flowering and fruiting. With customizable light spectra, horticulture lighting systems can be adjusted to provide the appropriate light ratios for each growth stage, ensuring plants receive the exact wavelengths they need at each developmental phase.

By fine-tuning the light spectra, horticulture lighting promotes photosynthesis, the process by which plants convert light into energy for growth. Providing the right combination of colors ensures that photosynthesis occurs at its maximum efficiency, leading to improved biomass production and healthier, more vigorous plants. Moreover, with the ability to manipulate light spectra, growers can influence various plant characteristics, such as flavor, color, and nutritional content. For example, specific light spectra can enhance the production of certain compounds, like antioxidants or essential oils, which contribute to the taste and nutritional value of fruits, vegetables, and herbs.

The application of customizable light spectra is particularly valuable in indoor farming and controlled environment agriculture settings, where natural sunlight may be limited or inconsistent. By precisely tailoring the light conditions to match the exact requirements of the crops being cultivated, horticulture lighting ensures a consistent and predictable growth environment, resulting in better yields and crop quality.

LED is expected to grow at the highest CAGR during the forecast period

Solid-state light sources like LEDs and OLEDs are modern lighting solutions, with LEDs often referred to as the fourth generation of artificial lighting. LEDs are semiconductors converting electricity to light through electron movement. Equipped with heat sinks and fans, LED grow lights emit minimal heat, allowing close placement to plants. They provide optimal light for plant growth, aiding photosynthesis and offering control over plant morphology through spectrum adjustments.

Advanced LED grow lights offer adjustable spectra, suited to plant growth stages. They surpass traditional lighting in efficiency, with up to 60% electro-optical conversion efficiency, outperforming HPS and fluorescent lamps. LED longevity is nearly 50,000 hours, consuming 50% less energy than fluorescent and 85% less than incandescent lights. Resistant to shocks and moisture, LEDs suit controlled environment agriculture (CEA) settings. Their efficiency, durability, and environmental compatibility make them a key choice in greenhouses and indoor farms.

Driven by eco-friendly goals, governments worldwide endorse LEDs for indoor plant growth, promoting solid-state lighting (SSL) technology. This boosts LED adoption in CEA facilities and enhances their potential in horticultural lighting. Ongoing research and development strive to make SSL systems more affordable.

Many companies have introduced LED, horticulture lighting products such as in December 2022, Signify Holding (Phillips Lighting) introduces 1,040-watt Philips HPS light fixture for a low-maintenance, hybrid light installation in combination with Philips GreenPower LED toplighting. And in March 2022, Signify Holding (Phillips Lighting) introduces Philips GreenPower LED gridlighting to steer uniform bud development and increase yield of top-shelf flowers. It provides optimal light intensity during each growth phase with rotary dimming.

Greenhouses in horticulture lighting application segment is expected to have the heightest market share in the forecast period.

Greenhouses serve as sheltered environments to optimize crop growth and yield. They transcend geographic and climatic constraints, ensuring consistent conditions year-round. These structures harness natural sunlight and humidity to nurture a variety of plants, either soil-based or through hydroponics. Greenhouses offer water efficiency, uniform light distribution via LED grow lights, and controlled temperature and humidity. Smart greenhouses, enabled by sensors and automation, revolutionize agriculture. They tailor microclimates for plants. Hydroponic and non-hydroponic setups define greenhouse categories. Smart greenhouses, including LED technology, enhance crop production efficiency. Europe’s shift away from older technologies boosts LED horticulture lighting.
Supplemental horticulture lights address limited daylight, propelling yield growth. LED lights outshine metal halide and high-pressure sodium lamps. Gotham Greens and OSRAM exemplify innovative greenhouse solutions. Automation reduces labor dependency and drives production efficiency.
Almeria, Spain, underscores greenhouse economic significance. The province dominates Spain’s horticultural greenhouse landscape. Notably, AppHarvest secured $91 million to support its Kentucky facility, emphasizing sustainability. Agroinvest in Russia, with a vast greenhouse complex, contributes to local vegetable self-sufficiency. In 2021, AppHarvest secured USD 91 million from Equlibrium Capital for its Kentucky facility. Agroinvest in Russia operates a substantial greenhouse complex, aiding regional vegetable self-sufficiency.

During the forecast period, the Asia Pacific region is expected to grow at the highest CAGR.

In 2022, Asia Pacific held a ~ 26% share of the horticulture lighting market. This market segment includes China, Japan, Southeast Asia, Australia, and the Rest of Asia Pacific. Anticipated growth for Asia Pacific’s horticulture lighting market is marked by a 26.4% CAGR from 2023 to 2028. This trajectory is driven by the region’s burgeoning population, escalating food demand, and the adoption of advanced farming methods like Controlled Environment Agriculture (CEA) for year-round fresh produce. The pressure to enhance agricultural yields with limited resources and safeguard crops against unpredictable climate changes also bolsters horticulture lighting adoption in Asia Pacific.

In July 2021, Heliospectra AB, a world leader in intelligent lighting technology for vertical farming, announced a new seller partnership with MineARC Systems, a global leader in manufacturing and supplying controlled environments. The company will represent Heliospectra’s market-leading LED lighting and lighting control solutions in the Australian market.

The break-up of the profile of primary participants in the horticulture lighting market-
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
• By Designation Type: C Level – 40%, Director Level – 35%, Others – 25%
• By Region Type: North America- 40%, Asia Pacific – 30%, Europe – 20%, RoW – 10%,

The major players in the horticulture lighting market with a significant global presence include Signify Holding (Phillips Lighting) (Netherlands), Gavita International B.V.(Netherlands), Heliospectra(Sweden), ams-OSRAM International GmbH(Austria), California LightWorks(US), Valoya (Finland), Hortilux Schréder(Netherlands), ILUMINAR Lighting(US), Current Lighting Solutions, LLC.(US), GE Lighting (SAVANT TECHNOLOGIES LLC.)(US), ACUITY BRANDS, INC.(US), Lumileds Holding B.V.(Netherlands), Cree LED an SGH company(US), TCP Lighting(US), PARsource(US), EconoLux Industries Ltd.(China), Oreon (Netherlands), GlacialLight – Division of GlacialTech Inc.(Taiwan), Black Dog Horticulture Technologies & Consulting(US), ViparSpectra(US), Active Grow(US), Agnetix(US), Thrive Agritech(US), Bridgelux, Inc.(US), and Kroptek(UK).

Research Coverage

The report segments the horticulture lighting market and forecasts its size based and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall horticulture lighting market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

• Analysis of key drivers (Controlled environment agriculture (CEA) practices and the adoption of SSL technology receive robust backing from governments), restraints (High installation and setup cost), opportunities (Integration with sustainable architecture), and challenges (Limited regulations and standards) influencing the growth of the horticulture lighting market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the horticulture lighting market
• Market Development: Comprehensive information about lucrative markets – the report analyses the horticulture lighting market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the horticulture lighting market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Signify Holding (Phillips Lighting) (Netherlands), Gavita International B.V.(Netherlands), Heliospectra(Sweden), ams-OSRAM International GmbH(Austria), and California LightWorks(US)

Table of Contents

1 INTRODUCTION 23

1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 24
1.2.1 INCLUSIONS AND EXCLUSIONS 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED 25
FIGURE 1 HORTICULTURE LIGHTING MARKET SEGMENTATION 25
1.3.2 GEOGRAPHICAL SCOPE 25
FIGURE 2 HORTICULTURE LIGHTING MARKET: GEOGRAPHICAL SCOPE 25
1.3.3 YEARS CONSIDERED 26
1.3.4 CURRENCY CONSIDERED 26
1.4 LIMITATIONS 26
1.5 STAKEHOLDERS 26
1.6 SUMMARY OF CHANGES 27
1.6.1 RECESSION IMPACT 27

2 RESEARCH METHODOLOGY 28

2.1 RESEARCH DATA 28
FIGURE 3 HORTICULTURE LIGHTING MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary research 30
2.1.1.2 Key secondary sources 31
2.1.2 PRIMARY DATA 31
2.1.2.1 Key data from primary sources 31
2.1.2.2 Key participants for primary interviews 32
2.1.2.3 Breakdown of primaries 32
2.1.2.4 Key industry insights 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 33
2.2 MARKET SIZE ESTIMATION 34
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE GENERATED BY KEY HORTICULTURE LIGHTING PROVIDERS (SUPPLY SIDE) 34
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYER (SUPPLY SIDE) 35
2.2.1 MARKET SIZE ESTIMATION APPROACH: IDENTIFICATION OF COMPANIES OFFERING HORTICULTURE LIGHTING EQUIPMENT 35
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP ESTIMATION, BY REGION (DEMAND SIDE) 36
2.2.2 BOTTOM-UP APPROACH 36
2.2.2.1 Approach to derive market size using bottom-up analysis 36
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.3 TOP-DOWN APPROACH 37
2.2.3.1 Approach to derive market size using top-down analysis 37
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.3 MARKET SHARE ESTIMATION 38
2.4 DATA TRIANGULATION 39
FIGURE 9 DATA TRIANGULATION 39
2.5 RISK ASSESSMENT 40
TABLE 1 RISK FACTOR ANALYSIS 40
2.6 APPROACH TO ANALYZE IMPACT OF RECESSION ON HORTICULTURE LIGHTING MARKET 41
2.7 RESEARCH ASSUMPTIONS 41
FIGURE 10 ASSUMPTIONS 41
2.8 RESEARCH LIMITATIONS 42
FIGURE 11 LIMITATIONS 42

3 EXECUTIVE SUMMARY 43

3.1 IMPACT OF RECESSION 43
FIGURE 12 HORTICULTURE LIGHTING MARKET: IMPACT OF RECESSION 44
FIGURE 13 LED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET IN 2028 44
FIGURE 14 GREENHOUSES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET IN 2028 45
FIGURE 15 FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET IN 2028 45
FIGURE 16 HORTICULTURE LIGHTING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46

4 PREMIUM INSIGHTS 47

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HORTICULTURE LIGHTING MARKET 47
FIGURE 17 GROWING ADOPTION OF CONTROLLED ENVIRONMENT AGRICULTURAL PRACTICES IN URBAN AREAS 47
4.2 HORTICULTURE LIGHTING MARKET, BY OFFERING 48
FIGURE 18 HARDWARE SEGMENT TO ACCOUNT FOR LARGER SHARE OF HORTICULTURE LIGHTING MARKET IN 2028 48
4.3 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE 48
FIGURE 19 RETROFIT INSTALLATIONS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 48
4.4 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE 49
FIGURE 20 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGER SHARE OF HORTICULTURE LIGHTING MARKET IN 2028 49
4.5 HORTICULTURE LIGHTING MARKET, BY COUNTRY 49
FIGURE 21 SOUTHEAST ASIA TO RECORD HIGHEST CAGR FROM 2023 TO 2028 49

5 MARKET OVERVIEW 50

5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
FIGURE 22 HORTICULTURE LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
5.2.1 DRIVERS 51
5.2.1.1 Growing adoption of sustainable year-round crop production practices 51
5.2.1.2 Optimization of plant growth using customizable light spectra 51
5.2.1.3 Government-led initiatives to promote controlled environment agriculture (CEA) practices 52
5.2.1.4 Optimization of space for agricultural practices amidst arable land scarcity 53
5.2.1.5 Rising investments in modern agricultural techniques 53
5.2.1.6 Widespread adoption of LED fixtures as reliable lighting source 54
5.2.1.7 Adoption of artificial lighting to enhance energy efficiency 54
FIGURE 23 HORTICULTURE LIGHTING MARKET: DRIVERS AND THEIR IMPACT 55
5.2.2 RESTRAINTS 55
5.2.2.1 High installation and setup costs 55
5.2.2.2 Navigation of complex light spectrum for crop cultivation 56
5.2.2.3 High energy consumption 57
FIGURE 24 HORTICULTURE LIGHTING MARKET: RESTRAINTS AND THEIR IMPACT 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Emerging trend of farm-to-table concept 57
5.2.3.2 Growing prospects for vertical farming in Asian and Middle Eastern markets 58
5.2.3.3 Availability of weather-resilient solutions for crop production 58
5.2.3.4 Prominence of horticulture lighting software and calculators 59
5.2.3.5 Expansion of home gardening market 59
5.2.3.6 Integration of sustainable architecture 59
FIGURE 25 HORTICULTURE LIGHTING MARKET: OPPORTUNITIES AND THEIR IMPACT 60
5.2.4 CHALLENGES 61
5.2.4.1 Limited regulations and standards 61
5.2.4.2 Shortage of large-scale technical expertise 61
5.2.4.3 Need for standardized testing for product quality assessment 62
5.2.4.4 Complexities associated with integration of components and technologies into advanced agriculture facilities 62
FIGURE 26 HORTICULTURE LIGHTING MARKET: CHALLENGES AND THEIR IMPACT 63
5.3 VALUE CHAIN ANALYSIS 64
FIGURE 27 HORTICULTURE LIGHTING MARKET: VALUE CHAIN ANALYSIS 64
5.3.1 RESEARCH AND DEVELOPMENT 65
5.3.2 PRODUCT MANUFACTURERS 65
5.3.3 SYSTEM INTEGRATORS 65
5.3.4 MARKETING AND SALES 65
5.3.5 END-USER INDUSTRIES 65
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 65
FIGURE 28 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN HORTICULTURE LIGHTING MARKET 66
5.5 ECOSYSTEM ANALYSIS 66
TABLE 2 COMPANIES AND THEIR ROLE IN HORTICULTURE LIGHTING ECOSYSTEM 66
FIGURE 29 HORTICULTURE LIGHTING MARKET: ECOSYSTEM ANALYSIS 67
5.6 TECHNOLOGY ANALYSIS 67
5.6.1 SOLID-STATE LIGHTING TECHNOLOGY 68
5.6.2 FULL-SPECTRUM LED GROW LIGHTING SYSTEM 68
5.6.3 CENTRALIZED POWER SUPPLY 69
5.6.4 ADVANCED UV-LED TECHNOLOGY 69
5.6.5 SMART LIGHTING SOLUTIONS 69
5.6.6 LIGHTING SYSTEMS WITH INTERNET OF THINGS (IOT) 69
5.7 PORTER’S FIVE FORCES ANALYSIS 70
FIGURE 30 IMPACT ANALYSIS OF PORTER’S FIVE FORCES 70
TABLE 3 HORTICULTURE LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 70
5.7.1 INTENSITY OF COMPETITIVE RIVALRY 70
5.7.2 THREAT OF NEW ENTRANTS 71
5.7.3 THREAT OF SUBSTITUTES 71
5.7.4 BARGAINING POWER OF BUYERS 71
5.7.5 BARGAINING POWER OF SUPPLIERS 71
5.8 PATENT ANALYSIS 71
5.8.1 DOCUMENT TYPE 71
TABLE 4 PATENTS FILED 71
FIGURE 31 PATENTS FILED, 2013–2022 72
5.8.2 PUBLICATION TREND 72
FIGURE 32 NUMBER OF PATENTS PUBLISHED, 2013–2022 72
5.8.3 JURISDICTION ANALYSIS 73
FIGURE 33 JURISDICTION ANALYSIS 73
5.8.4 TOP PATENT OWNERS 73
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PUBLISHED PATENT APPLICATIONS, 2013–2022 73
TABLE 5 TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS 74
5.9 TRADE ANALYSIS 75
FIGURE 35 COUNTRY-WISE EXPORT DATA FOR PRODUCTS UNDER HS CODE 9405, 2018–2022 (USD THOUSAND) 75
TABLE 6 EXPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND) 75
FIGURE 36 COUNTRY-WISE IMPORT DATA FOR PRODUCTS UNDER HS CODE 9405, 2018–2022 (USD THOUSAND) 76
TABLE 7 IMPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND) 76
5.10 PRICING ANALYSIS 77
5.10.1 AVERAGE SELLING PRICE (ASP) OF PRODUCTS OFFERED BY TWO KEY PLAYERS, BY TECHNOLOGY 77
TABLE 8 AVERAGE SELLING PRICE (ASP) OF PRODUCTS OFFERED BY TOP TWO PLAYERS, BY TECHNOLOGY (USD) 77
5.10.2 AVERAGE SELLING PRICE (ASP) TREND FOR FLUORESCENT, HIGH-INTENSITY DISCHARGE (HID), AND LIGHT-EMITTING DIODE (LED), 2019–2028 78
5.11 CASE STUDY ANALYSIS 78
5.11.1 TOPLINE GERBERA ACHIEVED REMARKABLE ENERGY SAVINGS AND ENHANCED FLOWER QUALITY USING PHILIPS HORTICULTURE LED SOLUTIONS 78
5.11.2 SIGNIFY HOLDING WITH BAIYI YINONG INTERNATIONAL FLOWER PORT HELPED CHINA REVOLUTIONIZE ROSE PRODUCTION 79
5.11.3 HELIOSPECTRA PROVIDED CUTTING-EDGE SMART LED LIGHT SOLUTIONS TO NORTH AMERICAN AGTECH TO TRANSFORM AGRICULTURAL LANDSCAPE 80
5.11.4 SIGNIFY HOLDING HELPED GOODLEAF COMMUNITY FARMS ENHANCE FOOD PRODUCTION CAPABILITIES 81
5.12 REGULATORY LANDSCAPE 81
TABLE 9 HORTICULTURE LIGHTING MARKET: REGULATORY FRAMEWORK 81
5.12.1 REGIONAL REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 84
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 85
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 85
FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS 85
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 85
5.14.2 KEY BUYING CRITERIA 86
TABLE 13 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 86

6 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE 87

6.1 INTRODUCTION 88
FIGURE 38 RETROFIT INSTALLATIONS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 88
TABLE 14 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 88
TABLE 15 HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 88
6.2 NEW INSTALLATIONS 89
6.2.1 RISING ADOPTION OF VERTICAL FARMING TO FUEL SEGMENTAL GROWTH 89
TABLE 16 NEW INSTALLATIONS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 90
TABLE 17 NEW INSTALLATIONS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 90
6.3 RETROFIT INSTALLATIONS 90
6.3.1 INCREASED INSTALLATION OF RETROFITTING LIGHT FIXTURES TO BOOST MARKET GROWTH 90
TABLE 18 RETROFIT INSTALLATIONS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 91
TABLE 19 RETROFIT INSTALLATIONS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 91

7 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE 92

7.1 INTRODUCTION 93
FIGURE 39 INTERLIGHTING SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 93
TABLE 20 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION) 93
TABLE 21 HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION) 93
7.2 TOPLIGHTING 94
7.2.1 ADOPTION OF TOPLIGHTING IN CONTROLLED ENVIRONMENT AGRICULTURE (CEA) FACILITIES TO BOOST SEGMENTAL GROWTH 94
TABLE 22 TOPLIGHTING: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 94
TABLE 23 TOPLIGHTING: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 95
7.3 INTERLIGHTING 95
7.3.1 GROWING DEMAND FOR INTERLIGHTING IN COMMERCIAL GREENHOUSES TO DRIVE MARKET 95
TABLE 24 INTERLIGHTING: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 96
TABLE 25 INTERLIGHTING: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 96

8 HORTICULTURE LIGHTING MARKET, BY OFFERING 97

8.1 INTRODUCTION 98
FIGURE 40 SOFTWARE & SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 98
TABLE 26 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 98
TABLE 27 HORTICULTURE LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 99
8.2 HARDWARE 99
8.2.1 LIGHTING FIXTURES 100
8.2.1.1 Growing need for effective commercial operations to boost adoption 100
8.2.2 LIGHTING CONTROLS 100
8.2.2.1 Adoption of lighting controls to regulate light levels in CEA facilities to drive market 100
TABLE 28 HARDWARE: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 29 HARDWARE: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 102
TABLE 30 HORTICULTURE LIGHTING MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 102
TABLE 31 HORTICULTURE LIGHTING MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 102
8.3 SOFTWARE AND SERVICES 102
8.3.1 ADOPTION OF HORTICULTURE LIGHTING SOFTWARE AND SERVICES TO DRIVE SEGMENTAL GROWTH 102
TABLE 32 SOFTWARE & SERVICES: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 33 SOFTWARE & SERVICES: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 105

9 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE 106

9.1 INTRODUCTION 107
FIGURE 41 FRUITS AND VEGETABLES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 107
TABLE 34 HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2019–2022 (USD MILLION) 107
TABLE 35 HORTICULTURE LIGHTING MARKE, BY CULTIVATION TYPE, 2023–2028 (USD MILLION) 107
9.2 FRUITS AND VEGETABLES 108
9.2.1 INCREASING DEMAND FOR ORGANIC FRUITS AND VEGETABLES TO BOOST ADOPTION OF HORTICULTURE LIGHTING IN VERTICAL FARMS AND GREENHOUSES 108
TABLE 36 FRUITS AND VEGETABLES: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 37 FRUITS AND VEGETABLES: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.3 FLORICULTURE 112
9.3.1 NEED TO FACILITATE CORRECT LIGHT RATIO TO REDUCE FLOWERING TIME AND INCREASE FLOWER PRODUCTION TO DRIVE DEMAND 112
TABLE 38 FLORICULTURE: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 39 FLORICULTURE: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 113
9.4 CANNABIS 114
9.4.1 ADOPTION OF BLUE LIGHTS TO ENSURE EFFECTIVE CANNABIS PLANT GROWTH TO DRIVE MARKET 114
TABLE 40 CANNABIS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 41 CANNABIS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 116

10 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY 117

10.1 INTRODUCTION 118
FIGURE 42 LED SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028 118
TABLE 42 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 118
TABLE 43 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 119
TABLE 44 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (THOUSAND UNITS) 119
TABLE 45 HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2023–2028 (THOUSAND UNITS) 120
10.2 FLUORESCENT 120
10.2.1 T5 FLUORESCENT LIGHTS 121
10.2.1.1 Rising need for efficiency in indoor cultivation to drive demand for T5 fluorescent lights 121
10.2.2 COMPACT FLUORESCENT LAMP (CFL) 121
10.2.2.1 Increasing adoption of compact fluorescent lamps attributed to adaptability and cost-effectiveness to drive market 121
TABLE 46 FLUORESCENT: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122
TABLE 47 FLUORESCENT: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122
10.3 HIGH-INTENSITY DISCHARGE (HID) 122
10.3.1 HIGH-PRESSURE SODIUM (HPS) LAMPS 123
10.3.1.1 Rising adoption of high-pressure sodium lamps in greenhouse settings to support market growth 123
10.3.2 METAL-HALIDE (MH) LAMPS 123
10.3.2.1 Adoption of metal-halide lamps to boost initial vegetative stage of plant growth to drive market 123
10.3.3 COMPARISON BETWEEN HPS AND MH HORTICULTURE LAMPS 124
TABLE 48 HID: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 124
TABLE 49 HID: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124
10.4 LIGHT-EMITTING DIODE (LED) 125
10.4.1 DEMAND FOR LED LIGHTS IN INDOOR FARMING TO DRIVE SEGMENTAL GROWTH 125
TABLE 50 LED: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 126
TABLE 51 LED: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126
10.5 OTHERS 127
TABLE 52 OTHERS: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 127
TABLE 53 OTHERS: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 127

11 HORTICULTURE LIGHTING MARKET, BY APPLICATION 128

11.1 INTRODUCTION 129
FIGURE 43 VERTICAL FARMS SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028 129
TABLE 54 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 129
TABLE 55 HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 130
11.2 GREENHOUSES 130
11.2.1 UTILIZATION OF HORTICULTURE LIGHTS IN GREENHOUSES TO INCREASE CROP YIELD TO DRIVE MARKET 130
TABLE 56 GREENHOUSES: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 131
TABLE 57 GREENHOUSES: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY 2023–2028 (USD MILLION) 132
TABLE 58 GREENHOUSES: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 132
TABLE 59 GREENHOUSES: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 132
11.3 VERTICAL FARMS 133
11.3.1 INCREASED DEMAND FOR HORTICULTURE LIGHTING IN VERTICAL FARMS TO DRIVE SEGMENTAL GROWTH 133
TABLE 60 VERTICAL FARMS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 133
TABLE 61 VERTICAL FARMS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 134
TABLE 62 VERTICAL FARMS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 63 VERTICAL FARMS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 134
11.3.2 RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET, BY REGION 135
TABLE 64 DEVELOPMENTS IN NORTH AMERICAN VERTICAL FARMING MARKET 135
TABLE 65 DEVELOPMENTS IN EUROPEAN VERTICAL FARMING MARKET 136
TABLE 66 DEVELOPMENTS IN ASIA PACIFIC VERTICAL FARMING MARKET 138
TABLE 67 DEVELOPMENTS IN ROW VERTICAL FARMING MARKET 138
11.4 INDOOR FARMS 139
11.4.1 INCREASING FOCUS ON INFRASTRUCTURE DEVELOPMENT TO SUPPORT MARKET GROWTH 139
TABLE 68 INDOOR FARMS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 140
TABLE 69 INDOOR FARMS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 140
TABLE 70 INDOOR FARMS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 71 INDOOR FARMS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 141
11.5 OTHERS 141
TABLE 72 OTHERS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 142
TABLE 73 OTHERS: HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 142
TABLE 74 OTHERS: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 75 OTHERS: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 143

12 HORTICULTURE LIGHTING MARKET, BY REGION 144

12.1 INTRODUCTION 145
FIGURE 44 HORTICULTURE LIGHTING, BY REGION 145
FIGURE 45 ASIA PACIFIC TO RECORD HIGHEST CAGR IN HORTICULTURE LIGHTING MARKET DURING FORECAST PERIOD 145
TABLE 76 HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 145
TABLE 77 HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 146
12.2 NORTH AMERICA 146
FIGURE 46 NORTH AMERICA: HORTICULTURE LIGHTING MARKET SNAPSHOT 147
TABLE 78 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 147
TABLE 79 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 148
TABLE 80 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 148
TABLE 81 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 148
TABLE 82 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION) 149
TABLE 83 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION) 149
TABLE 84 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2019–2022 (USD MILLION) 149
TABLE 85 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2023–2028 (USD MILLION) 149
TABLE 86 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 150
TABLE 87 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 150
TABLE 88 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 150
TABLE 89 NORTH AMERICA: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 150
12.2.1 US 151
12.2.1.1 Increased adoption of vertical farms and greenhouses to support market growth 151
12.2.2 CANADA 152
12.2.2.1 Presence of challenging climatic conditions to increase adoption of horticulture lighting 152
12.2.3 MEXICO 153
12.2.3.1 Increasing adoption of controlled agricultural practices to drive market 153
12.2.4 RECESSION IMPACT ON HORTICULTURE LIGHTING MARKET IN NORTH AMERICA 153
12.3 EUROPE 154
FIGURE 47 EUROPE: HORTICULTURE LIGHTING MARKET SNAPSHOT 155
TABLE 90 EUROPE: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 156
TABLE 91 EUROPE: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 156
TABLE 92 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 156
TABLE 93 EUROPE: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 156
TABLE 94 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION) 157
TABLE 95 EUROPE: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION) 157
TABLE 96 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2019–2022 (USD MILLION) 157
TABLE 97 EUROPE: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2023–2028 (USD MILLION) 157
TABLE 98 EUROPE: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 158
TABLE 99 EUROPE: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 158
TABLE 100 EUROPE: HORTICULTURE LIGHTING MARKET, BY COUNTRY 2019–2022 (USD MILLION) 158
TABLE 101 EUROPE: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 159
12.3.1 UK 159
12.3.1.1 Emerging vertical farms and greenhouses to stimulate market growth 159
12.3.2 GERMANY 160
12.3.2.1 Adoption of advanced farming techniques to fuel demand 160
12.3.3 NETHERLANDS 160
12.3.3.1 Presence of leading horticulture lighting providers to drive market 160
12.3.4 SCANDINAVIA 162
12.3.4.1 Rising focus on minimizing fresh fruit and vegetable imports to increase demand 162
12.3.5 REST OF EUROPE 162
12.3.6 RECESSION IMPACT ON HORTICULTURE LIGHTING MARKET IN EUROPE 163
12.4 ASIA PACIFIC 164
FIGURE 48 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET SNAPSHOT 164
TABLE 102 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 165
TABLE 103 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 165
TABLE 104 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165
TABLE 105 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 166
TABLE 106 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION) 166
TABLE 107 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION) 166
TABLE 108 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2019–2022 (USD MILLION) 167
TABLE 109 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2023–2028 (USD MILLION) 167
TABLE 110 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 167
TABLE 111 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 167
TABLE 112 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 168
TABLE 113 ASIA PACIFIC: HORTICULTURE LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 168
12.4.1 CHINA 168
12.4.1.1 Increasing adoption of Controlled Environment Agriculture (CEA) practices to drive market 168
12.4.2 JAPAN 169
12.4.2.1 Growing adaption of urban agriculture to support market growth 169
12.4.3 SOUTHEAST ASIA 169
12.4.3.1 Government-led initiatives and scarcity of natural resources to drive demand 169
12.4.4 AUSTRALIA 170
12.4.4.1 Legalization of cannabis cultivation to drive demand 170
12.4.5 REST OF ASIA PACIFIC 170
12.4.6 RECESSION IMPACT ON HORTICULTURE LIGHTING MARKET IN ASIA PACIFIC 171
12.5 ROW 171
FIGURE 49 ROW HORTICULTURE LIGHTING MARKET, BY REGION 171
TABLE 114 ROW: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 172
TABLE 115 ROW: HORTICULTURE LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 172
TABLE 116 ROW: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 172
TABLE 117 ROW: HORTICULTURE LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 172
TABLE 118 ROW: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION) 173
TABLE 119 ROW: HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION) 173
TABLE 120 ROW: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2019–2022 (USD MILLION) 173
TABLE 121 ROW: HORTICULTURE LIGHTING MARKET, BY CULTIVATION TYPE, 2023–2028 (USD MILLION) 173
TABLE 122 ROW: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 174
TABLE 123 ROW: HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 174
TABLE 124 ROW: HORTICULTURE LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 174
TABLE 125 ROW: HORTICULTURE LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 174
12.5.1 SOUTH AMERICA 175
12.5.1.1 Growing installation of vertical farms by startups to support market growth 175
12.5.2 MIDDLE EAST & AFRICA 175
12.5.2.1 Rising focus on sustainable food production to boost market growth 175
12.5.3 RECESSION IMPACT ON HORTICULTURE LIGHTING MARKET IN ROW 176

13 COMPETITIVE LANDSCAPE 177

13.1 OVERVIEW 177
13.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 177
FIGURE 50 HORTICULTURE LIGHTING MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2021–2023 177
13.3 MARKET SHARE AND RANKING ANALYSIS, 2022 178
TABLE 126 HORTICULTURE LIGHTING MARKET: DEGREE OF COMPETITION 178
FIGURE 51 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022 179
13.4 COMPANY REVENUE ANALYSIS, 2018–2022 180
FIGURE 52 REVENUE ANALYSIS OF THREE KEY COMPANIES, 2018–2022 181
13.5 COMPANY EVALUATION MATRIX, 2022 182
FIGURE 53 HORTICULTURE LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 182
13.5.1 STARS 182
13.5.2 EMERGING LEADERS 182
13.5.3 PERVASIVE PLAYERS 183
13.5.4 PARTICIPANTS 183
13.6 COMPETITIVE BENCHMARKING 183
TABLE 127 COMPANY FOOTPRINT 183
TABLE 128 APPLICATION: COMPANY FOOTPRINT 183
TABLE 129 REGION: COMPANY FOOTPRINT 184
13.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 184
FIGURE 54 HORTICULTURE LIGHTING (GLOBAL): STARTUPS/SMES EVALUATION MATRIX, 2022 185
13.7.1 PROGRESSIVE COMPANIES 185
13.7.2 RESPONSIVE COMPANIES 185
13.7.3 DYNAMIC COMPANIES 186
13.7.4 STARTING BLOCKS 186
13.8 LIST OF KEY STARTUPS/SMES 186
TABLE 130 HORTICULTURE LIGHTING MARKET: LIST OF KEY STARTUPS/SMES 186
13.9 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 187
TABLE 131 HORTICULTURE LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 187
13.10 COMPETITIVE SCENARIOS AND TRENDS 188
13.10.1 PRODUCT LAUNCHES 188
TABLE 132 HORTICULTURE LIGHTING MARKET: PRODUCT LAUNCHES, 2020–2023 188
13.10.2 DEALS 191
TABLE 133 HORTICULTURE LIGHTING MARKET: DEALS, 2020–2023 191

14 COMPANY PROFILES 196

14.1 INTRODUCTION 196
14.2 KEY PLAYERS 196
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
14.2.1 SIGNIFY HOLDING (PHILIPS LIGHTING) 196
TABLE 134 SIGNIFY HOLDING (PHILLIPS LIGHTING): COMPANY OVERVIEW 197
FIGURE 55 SIGNIFY HOLDING (PHILLIPS LIGHTING): COMPANY SNAPSHOT 197
TABLE 135 SIGNIFY HOLDING (PHILLIPS LIGHTING): PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 136 SIGNIFY HOLDING (PHILLIPS LIGHTING): PRODUCT LAUNCHES 199
TABLE 137 SIGNIFY HOLDING (PHILLIPS LIGHTING): DEALS 199
TABLE 138 SIGNIFY HOLDING (PHILLIPS LIGHTING): OTHERS 201
14.2.2 GAVITA INTERNATIONAL B.V. 203
TABLE 139 GAVITA INTERNATIONAL B.V.: COMPANY OVERVIEW 203
TABLE 140 GAVITA INTERNATIONAL B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
TABLE 141 GAVITA INTERNATIONAL B.V.: OTHERS 205
14.2.3 HELIOSPECTRA 206
TABLE 142 HELIOSPECTRA: COMPANY OVERVIEW 206
FIGURE 56 HELIOSPECTRA: COMPANY SNAPSHOT 206
TABLE 143 HELIOSPECTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 144 HELIOSPECTRA: PRODUCT LAUNCHES 208
TABLE 145 HELIOSPECTRA: DEALS 208
TABLE 146 HELIOSPECTRA: OTHERS 209
14.2.4 AMS-OSRAM INTERNATIONAL GMBH 211
TABLE 147 AMS-OSRAM INTERNATIONAL GMBH: COMPANY OVERVIEW 211
FIGURE 57 AMS-OSRAM INTERNATIONAL GMBH: COMPANY SNAPSHOT 212
TABLE 148 AMS-OSRAM INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212
TABLE 149 AMS-OSRAM INTERNATIONAL GMBH: PRODUCT LAUNCHES 213
TABLE 150 AMS-OSRAM INTERNATIONAL GMBH: DEALS 214
TABLE 151 AMS-OSRAM INTERNATIONAL GMBH: OTHERS 215
14.2.5 CALIFORNIA LIGHTWORKS 216
TABLE 152 CALIFORNIA LIGHTWORKS: COMPANY OVERVIEW 216
TABLE 153 CALIFORNIA LIGHTWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 154 CALIFORNIA LIGHTWORKS: PRODUCT LAUNCHES 217
14.2.6 VALOYA 219
TABLE 155 VALOYA: COMPANY OVERVIEW 219
TABLE 156 VALOYA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 157 VALOYA: PRODUCT LAUNCHES 220
TABLE 158 VALOYA: DEALS 221
14.2.7 HORTILUX SCHRÉDER 222
TABLE 159 HORTILUX SCHRÉDER: COMPANY OVERVIEW 222
TABLE 160 HORTILUX SCHRÉDER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 161 HORTILUX SCHRÉDER: PRODUCT LAUNCHES 223
TABLE 162 HORTILUX SCHRÉDER: DEALS 224
14.2.8 ILUMINAR LIGHTING 225
TABLE 163 ILUMINAR LIGHTING: COMPANY OVERVIEW 225
TABLE 164 ILUMINAR LIGHTING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 165 ILUMINAR LIGHTING: PRODUCT LAUNCHES 226
14.2.9 CURRENT LIGHTING SOLUTIONS, LLC. 227
TABLE 166 CURRENT LIGHTING SOLUTIONS, LLC: COMPANY OVERVIEW 227
TABLE 167 CURRENT LIGHTING SOLUTIONS, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 227
TABLE 168 CURRENT LIGHTING SOLUTIONS, LLC: PRODUCT LAUNCHES 229
TABLE 169 CURRENT LIGHTING SOLUTIONS, LLC: DEALS 229
14.2.10 GE LIGHTING (SAVANT TECHNOLOGIES LLC.) 231
TABLE 170 GE LIGHTING (SAVANT TECHNOLOGIES LLC.): COMPANY OVERVIEW 231
TABLE 171 GE LIGHTING (SAVANT TECHNOLOGIES LLC.): PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
14.3 OTHER PLAYERS 233
14.3.1 ACUITY BRANDS, INC. 233
14.3.2 LUMILEDS HOLDING B.V. 234
14.3.3 CREE LED, AN SGH COMPANY 235
14.3.4 TCP LIGHTING 236
14.3.5 PARSOURCE 237
14.3.6 ECONOLUX INDUSTRIES LTD. 238
14.3.7 OREON 239
14.3.8 GLACIALLIGHT – DIVISION OF GLACIALTECH INC. 240
14.3.9 BLACK DOG HORTICULTURE TECHNOLOGIES & CONSULTING 241
14.3.10 VIPARSPECTRA 242
14.3.11 ACTIVE GROW 243
14.3.12 AGNETIX 244
14.3.13 THRIVE AGRITECH 245
14.3.14 BRIDGELUX, INC. 246
14.3.15 KROPTEK 247

15 APPENDIX 248

15.1 INSIGHTS FROM INDUSTRY EXPERTS 248
15.2 DISCUSSION GUIDE 249
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 252
15.4 CUSTOMIZATION OPTIONS 254
15.5 RELATED REPORTS 254
15.6 AUTHOR DETAILS 255