農業用照明市場 : 2028年までの世界予測

出版：MarketsandMarkets（マーケッツアンドマーケッツ）　出版年月：2023年6月

農業用照明市場 : 光源（蛍光灯、HID、LED）、用途（園芸、畜産、水産養殖）、提供内容（ハードウェア、ソフトウェア、サービス）、設置タイプ、ワット数タイプ、販売チャネルと地域別 – 2028年までの世界予測
Agricultural Lighting Market by Light Source (Fluorescent, HID, LED), Application (Horticulture, Livestock, Aquaculture), Offering (Hardware, Software, Services), Installation Type, Wattage Type, Sales Channel and Region – Global Forecast to 2028

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The global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives to promote agricultural lighting, growing demand for food owing to the increasing population. All these factors could play a key role in driving the growth of the agricultural lighting market.

“Rising penetration of LED lights in agricultural lighting due to their long lifespan, spectrum adjustability, and energy efficiency”
The LED technology segment is projected to grow by light source at the highest CAGR from 2023 to 2028 for the agricultural lighting market. LED lighting allows precise control over the light spectrum, enabling growers to tailor the light output to specific crop requirements. Different stages of plant growth, such as vegetative growth and flowering, benefit from different light spectra. LED technology enables the customization of light wavelengths to optimize plant growth, yield, and quality. LED lighting offers dimming capabilities, allowing growers to adjust the light intensity according to the crop’s needs. This flexibility facilitates precise control over light levels, mimicking natural light variations and providing optimal conditions for photosynthesis and plant development.
“Rising requirement of software for agricultural automation to witness highest CAGR during the forecast period”
The software segment is projected to grow at the highest CAGR during the forecast period. Software-driven agricultural lighting systems collect data on lighting performance, energy consumption, and crop responses. Analyzing this data provides valuable insights into crop growth patterns, lighting efficiency, and resource allocation. With data-driven decision-making, farmers and growers can optimize their lighting strategies, identify improvement areas, and maximize operational efficiency.

“Rising demand for below 50W lighting product segment during between 2023 and 2028”
The below 50W segment provides affordable entry-level solutions for small-scale and novice growers starting their agricultural operations. These cost-effective lighting options enable newcomers to invest in lighting systems without significant upfront expenses, making it easier to enter the market and establish their agricultural setups.
“Increasing demand for new installations to witness larger market share in 2023”
Farmers and growers are increasingly recognizing the significant impact of lighting on crop growth, yield, and quality. Proper lighting is vital in optimizing photosynthesis, promoting plant development, and influencing plant physiology. As awareness of the benefits of specialized lighting solutions spreads, there is a rising demand for new installations of agricultural lighting systems.
“Increasing demand for online/e-commerce sales channel due to increased convenience during the forecast period”
Online platforms provide detailed product information, specifications, and customer reviews. Farmers and growers can gather comprehensive information about different lighting solutions, compare features, and read feedback from other customers. This helps make informed purchasing decisions based on the specific requirements of their agricultural operations. With the availability of internet access increasing in rural areas worldwide, buyers will find it easier to buy products online, which will further lead to the growth of the online/e-commerce segment.
“Rising requirement of fresh farm food will tend the horticulture segment to witness highest CAGR during the forecast period”
The horticulture segment is projected to grow at the highest CAGR during the forecast period. Increased food demand across the world with the increasing global population will lead to the growth of this segment. Growth of horticulture lighting in the agricultural lighting market is driven by the growing adoption of controlled environment agriculture, the awareness of crop-specific lighting requirements, advancements in LED technology, the focus on crop quality and yield, market demand for locally grown and specialty crops, environmental benefits and sustainability, technological advances, and government support. These factors collectively contribute to the expanding scope and opportunities in the horticulture lighting sector of the agricultural lighting market.

“Asia Pacific is projected to become the largest geographical market between 2023 and 2028”
APAC is projected to hold the largest market for agricultural lighting market during the forecast period. This can be attributed to its continuously increasing population, leading to rising food demand from Asia Pacific. This has led to an increase in the adoption of advanced farming technologies such as CEA to supply fresh fruits and vegetables throughout the year. The Asia Pacific region has a growing focus on sustainable and eco-friendly agricultural practices. Energy-efficient lighting solutions like LED lights are favored for their reduced energy consumption and lower environmental impact. The alignment of agricultural lighting with sustainability objectives encourages the adoption of such solutions, further driving market growth.

Breakdown of profiles of primary participants:
• By Company: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
• By Designation: C-level Executives = 40%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
• By Region: Americas = 40%, Europe=30%, Asia Pacific = 20% and RoW=10%

Major players profiled in this report:
The agricultural lighting market is dominated by a few established players such as Signify Holding (Netherlands), ams-OSRAM GmbH (Germany), Gavita International B.V. (Netherlands), Valoya (Finland), California LightWorks (US), DeLaval (Sweden), CBM Lighting (Canada), Heliospectra AB (Sweden), Hortilux Schréder (Netherlands).

Research coverage
This report offers detailed insights into the agricultural lighting market based on offering (Hardware, Software, Services), light source (Fluorescent, HID, LED and Others), wattage type (Below 50W, 50 – 150W, Above 150W), sales channel (Retail/Wholesale, Direct Sales, Online/E-commerce), application (Horticulture, Livestock, Aquaculture), installation type (New, Retrofit), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East, Africa, and South America.
The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the agricultural lighting market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall agricultural lighting market and related segments and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the agricultural lighting market and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Strong government support; Heightened demand for fresh food; Increased investments in vertical farms and greenhouses; Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth), restraints (High setup and installation costs, Complex requirement for varied light spectra for different crops), opportunities (Consolidating trend of farm-to-table concept, Year-round crop production, Gradual emergence of agriculture lighting software and calculators) and challenges (Effective integration of different components, Lack of standard testing practices).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the agricultural lighting market
• Market Development: Comprehensive information about lucrative markets – the report analyses the agricultural lighting market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the agricultural lighting market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Signify Holding (Netherlands), ams-OSRAM GmbH (Germany), Gavita International B.V. (Netherlands), Valoya (Finland), California LightWorks (US), DeLaval (Sweden), CBM Lighting (Canada), Heliospectra AB (Sweden), Hortilux Schréder (Netherlands) among others.

目次

1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.2.1 INCLUSIONS AND EXCLUSIONS 36
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 MARKET SEGMENTATION 36
1.3.2 REGIONAL SCOPE 37
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY 38
1.5 UNITS CONSIDERED 38
1.6 LIMITATIONS 38
1.7 STAKEHOLDERS 38
1.8 IMPACT OF RECESSION 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 AGRICULTURAL LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 39
FIGURE 3 AGRICULTURAL LIGHTING MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 List of key secondary sources 41
2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 42
2.1.2.1 Breakdown of primary interviews 43
2.1.2.2 Key data from primary sources 43
2.1.2.3 Primary interviews with experts 44
2.1.3 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS 44
2.1.3.1 Key industry insights 44
2.1.4 SECONDARY AND PRIMARY RESEARCH 45
2.2 MARKET SIZE ESTIMATION 45
2.2.1 BOTTOM-UP APPROACH 46
2.2.1.1 Approach for calculating market size using bottom-up analysis 46
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46
2.2.2 TOP-DOWN APPROACH 46
2.2.2.1 Approach for calculating market size using top-down analysis 46
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 47
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS 48
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 8 DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 50
2.5 LIMITATIONS 50
2.6 RISK ASSESSMENT: AGRICULTURAL LIGHTING MARKET 51
2.7 RECESSION IMPACT 51
3 EXECUTIVE SUMMARY 52
FIGURE 9 HARDWARE OFFERING SEGMENT TO ACCOUNT FOR LARGER SHARE OF AGRICULTURAL LIGHTING MARKET 53
FIGURE 10 LED LIGHT SOURCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE 53
FIGURE 11 NEW INSTALLATIONS SEGMENT TO HOLD LARGER MARKET SHARE 54
FIGURE 12 RETAIL/WHOLESALE SALES CHANNEL TO ACCOUNT FOR LARGEST MARKET SIZE 55
FIGURE 13 BELOW 50W SEGMENT TO HAVE LARGEST MARKET SHARE, BY WATTAGE TYPE 55
FIGURE 14 LIVESTOCK APPLICATION TO HOLD LARGEST MARKET SHARE 56
FIGURE 15 EUROPEAN MARKET TO GROW AT HIGHEST CAGR 56
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES IN AGRICULTURAL LIGHTING MARKET 58
FIGURE 16 INCREASING ADOPTION OF VERTICAL FARMING AND GREENHOUSES TO CREATE GROWTH OPPORTUNITIES IN EUROPEAN MARKET 58
4.2 AGRICULTURAL LIGHTING MARKET, BY OFFERING 58
FIGURE 17 SERVICES OFFERING SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE 58
4.3 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 59
FIGURE 18 HID LIGHT SOURCE TO ACCOUNT FOR SECOND-LARGEST LARGEST MARKET SHARE 59
4.4 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION AND COUNTRY 59
FIGURE 19 LIVESTOCK APPLICATION AND CHINA TO ACCOUNT FOR LARGEST SHARES OF AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC 59
4.5 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 60
FIGURE 20 RETROFIT INSTALLATIONS TO ACCOUNT FOR INCREASED MARKET SHARE 60
4.6 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 60
FIGURE 21 ONLINE/E-COMMERCE SALES CHANNEL TO ACCOUNT FOR INCREASED MARKET SHARE 60
4.7 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 61
FIGURE 22 50-150W SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE, BY WATTAGE TYPE 61
4.8 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 61
FIGURE 23 HORTICULTURE APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST CAGR 61
4.9 AGRICULTURAL LIGHTING MARKET, BY REGION 62
FIGURE 24 AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC TO HOLD LARGEST MARKET SHARE 62
5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AGRICULTURAL LIGHTING MARKET 63
5.2.1 DRIVERS 64
5.2.1.1 Strong governmental support for controlled environment agriculture and adoption of SSL technology 64
5.2.1.2 Heightened demand for fresh food and loss of arable land 65
FIGURE 26 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050 65
5.2.1.3 Increased investments in vertical farms and greenhouses, along with legalization of cannabis cultivation 66
TABLE 2 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING 67
TABLE 3 REDUCTION IN HARVEST CYCLE USING LED AGRICULTURAL LIGHTING ON CANNABIS STRAINS 67
5.2.1.4 Extensive deployment of LED fixtures in controlled agricultural environment 68
TABLE 4 COMPARISON OF TYPICAL SPECIFICATIONS OF LED AND HID 68
5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth 69
FIGURE 27 DRIVERS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 70
5.2.2 RESTRAINTS 70
5.2.2.1 High setup and installation costs of LED agriculture lights 70
5.2.2.2 Complex requirements for varied light spectra for different crops 71
TABLE 5 STANDARD SPECTRA 71
FIGURE 28 RESTRAINTS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 72
5.2.3 OPPORTUNITIES 72
5.2.3.1 Consolidating trend of farm-to-table concept 72
5.2.3.2 Promising growth opportunities for vertical farming in Asia and Middle East 72
5.2.3.3 Year-round crop production, irrespective of weather conditions 73
5.2.3.4 Gradual emergence of agricultural lighting software and tools 73
FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 74
5.2.4 CHALLENGES 74
5.2.4.1 Deployment of controlled environment agriculture technology in large fields and need for technical knowledge 74
5.2.4.2 Lack of standard testing practices for assessing product quality of agriculture lights and their fixtures 75
5.2.4.3 Effective integration of different components and technologies used in controlled environment agriculture facilities 75
FIGURE 30 CHALLENGES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 76
5.3 VALUE CHAIN ANALYSIS 76
FIGURE 31 AGRICULTURAL LIGHTING MARKET: VALUE CHAIN ANALYSIS 76
5.3.1 RESEARCH AND DEVELOPMENT CENTERS 77
5.3.2 COMPONENT PROVIDERS/INPUT SUPPLIERS 77
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS 77
5.3.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS 77
5.3.5 DISTRIBUTORS AND SALES PARTNERS 78
5.3.6 END USERS 78
5.4 ECOSYSTEM MAPPING: AGRICULTURAL LIGHTING MARKET 78
FIGURE 32 AGRICULTURAL LIGHTING MARKET: ECOSYSTEM MAPPING 78
TABLE 6 AGRICULTURAL LIGHTING MARKET ECOSYSTEM MAPPING 79
5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 80
5.5.1 PRICING ANALYSIS FOR KEY PLAYERS AND APPLICATION 80
FIGURE 33 INDICATIVE AVERAGE PRICES OF AGRICULTURAL LIGHTING, 2019–2026 80
TABLE 7 INDICATIVE PRICES OF AGRICULTURAL LIGHTING FIXTURES 81
FIGURE 34 AVERAGE SELLING PRICES, BY KEY PLAYER, BY APPLICATION 81
TABLE 8 AVERAGE SELLING PRICES OF DIFFERENT LIGHT SOURCES, BY KEY PLAYER (USD) 82
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 82
FIGURE 35 REVENUE SHIFT FOR AGRICULTURAL LIGHTING 83
5.7 TECHNOLOGY ANALYSIS 83
TABLE 9 LEADING TRENDS IN AGRICULTURAL LIGHTING MARKET 84
5.8 PORTER’S FIVE FORCES ANALYSIS 86
FIGURE 36 AGRICULTURAL LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 86
TABLE 10 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT 87
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 87
5.8.2 BARGAINING POWER OF SUPPLIERS 87
5.8.3 BARGAINING POWER OF BUYERS 87
5.8.4 THREAT OF SUBSTITUTES 88
5.8.5 THREAT OF NEW ENTRANTS 88
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 88
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 88
FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS 88
TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 88
5.9.2 BUYING CRITERIA 89
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89
5.10 CASE STUDY ANALYSIS 90
5.10.1 KERNOCK PARK PLANTS 90
TABLE 13 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS) 90
5.10.2 GLENWOOD VALLEY FARMS 90
TABLE 14 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE YIELD 90
5.10.3 GREEN SIMPLICITY 91
TABLE 15 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI 91
5.10.4 NS BRANDS 91
TABLE 16 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS 91
5.11 TRADE ANALYSIS 92
TABLE 17 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 92
FIGURE 39 LAMPS AND LIGHTING FITTINGS, IMPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 92
TABLE 18 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 93
FIGURE 40 LAMPS AND LIGHTING FITTINGS, EXPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 93
5.12 PATENT ANALYSIS 94
FIGURE 41 NUMBER OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 94
FIGURE 42 REGIONAL ANALYSIS OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 95
TABLE 19 LIST OF FEW PATENTS IN AGRICULTURAL LIGHTING, 2019–2022 95
TABLE 20 AGRICULTURAL LIGHTING: DETAILED LIST OF CONFERENCES AND EVENTS 97
5.13 TARIFF AND REGULATORY LANDSCAPE 99
5.13.1 REGULATIONS: AGRICULTURAL LIGHTING 99
TABLE 21 REGULATIONS: AGRICULTURAL LIGHTING 99
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
TABLE 25 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
5.13.3 STANDARDS 101
5.13.4 TARIFFS: AGRICULTURAL LIGHTING 102
6 AGRICULTURAL LIGHTING MARKET, BY OFFERING 103
6.1 INTRODUCTION 104
FIGURE 43 AGRICULTURAL LIGHTING MARKET, BY OFFERING 104
FIGURE 44 HARDWARE SEGMENT TO HOLD LARGER MARKET SIZE 105
TABLE 26 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 105
TABLE 27 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 105
6.2 HARDWARE 106
6.2.1 INCREASED DEMAND FOR LIGHTING TO DRIVE SEGMENT 106
TABLE 28 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 106
TABLE 29 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 106
6.2.2 LIGHTING FIXTURES 107
6.2.2.1 Lamps 107
6.2.2.2 Luminaires 107
6.2.3 LIGHTING CONTROLS 108
FIGURE 45 LIGHTING FIXTURES TO HAVE LARGER MARKET SHARE IN HARDWARE SEGMENT 109
TABLE 30 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 110
TABLE 31 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 110
6.3 SOFTWARE 110
6.3.1 INCREASING ADOPTION OF AGRICULTURAL LIGHTING SOFTWARE TO ENSURE SEAMLESS OPERATIONS OF FARMING ACTIVITIES 110
TABLE 32 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111
TABLE 33 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 112
6.4 SERVICES 112
6.4.1 INSTALLATION, MAINTENANCE, AND MONITORING TO BOOST SEGMENT 112
TABLE 34 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 112
TABLE 35 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113
6.4.2 PROFESSIONAL SERVICES 113
6.4.3 MANAGED SERVICES 114
TABLE 36 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 114
TABLE 37 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 114
7 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 115
7.1 INTRODUCTION 116
FIGURE 46 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 116
FIGURE 47 LED SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 116
TABLE 38 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 117
TABLE 39 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 117
7.2 FLUORESCENT 118
7.2.1 INCREASED INDOOR FARMING TO BOOST MARKET 118
7.2.2 T5 FLUORESCENT LIGHTS 118
7.2.3 COMPACT FLUORESCENT LAMP (CFL) 119
TABLE 40 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 119
TABLE 41 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120
7.3 HIGH-INTENSITY DISCHARGE (HID) 120
7.3.1 HIGH LIGHT OUTPUT IN AQUACULTURE TO INCREASE DEMAND 120
7.3.2 HIGH-PRESSURE SODIUM (HPS) LAMPS 121
7.3.3 METAL-HALIDE (MH) LAMPS 121
TABLE 42 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122
TABLE 43 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122
7.4 LIGHT-EMITTING DIODE (LED) 122
7.4.1 LED LIGHTS ADOPTED IN INDOOR FARMING FOR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY 122
TABLE 44 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 124
TABLE 45 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124
7.5 OTHERS 125
TABLE 46 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 126
TABLE 47 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126
8 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 127
8.1 INTRODUCTION 128
FIGURE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 128
FIGURE 49 BELOW 50W WATTAGE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 129
TABLE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 129
TABLE 49 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 129
8.2 BELOW 50W 130
8.2.1 EXTENSIVE USE OF LED LIGHTS OF BELOW 50W TO HOLD LARGEST MARKET SHARE 130
TABLE 50 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 130
TABLE 51 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131
8.3 50–150W 131
8.3.1 REPLACEMENT OF EXPENSIVE METAL HALIDES TO RESULT IN SIGNIFICANT GROWTH OF SEGMENT 131
TABLE 52 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132
TABLE 53 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132
8.4 ABOVE 150W 132
8.4.1 INCREASED SAFETY AND REQUIREMENT FOR BRIGHTER ILLUMINATION TO DRIVE MARKET 132
TABLE 54 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 133
TABLE 55 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 133
9 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 134
9.1 INTRODUCTION 135
FIGURE 50 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 135
FIGURE 51 NEW INSTALLATION TYPE TO HOLD A LARGER MARKET FOR AGRICULTURAL LIGHTING BETWEEN 2023 AND 2028 136
TABLE 56 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 136
TABLE 57 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 136
9.2 NEW INSTALLATION 137
9.2.1 INCREASING POPULATION AND DEMAND TO DRIVE MARKET 137
TABLE 58 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 138
TABLE 59 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138
9.3 RETROFIT INSTALLATION 138
9.3.1 UPCOMING LED TECHNOLOGY TO INCREASE DEMAND 138
TABLE 60 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 139
TABLE 61 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, BY APPLICATION, 2023–2028 (USD MILLION) 140
10 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 141
10.1 INTRODUCTION 142
FIGURE 52 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 142
FIGURE 53 ONLINE/E-COMMERCE SALES CHANNEL TO RECORD HIGHEST CAGR IN AGRICULTURAL LIGHTING MARKET 142
TABLE 62 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 143
TABLE 63 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 143
10.2 RETAIL/WHOLESALE 143
10.2.1 MAJOR MARKET SHARE OF RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO DRIVE MARKET 143
TABLE 64 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 144
TABLE 65 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 144
10.3 DIRECT SALES/CONTRACT-BASED 145
10.3.1 LESS INTERFERENCE FROM THIRD PARTIES TO RESULT IN REDUCTION OF PROCUREMENT COSTS 145
TABLE 66 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 145
TABLE 67 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 146
10.4 ONLINE/E-COMMERCE 146
10.4.1 E-COMMERCE-BASED FARM LIGHTING SALES TO INCREASE SIGNIFICANTLY 146
TABLE 68 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147
TABLE 69 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147
11 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 148
11.1 INTRODUCTION 149
FIGURE 54 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 149
FIGURE 55 HORTICULTURE TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 150
TABLE 70 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 71 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150
11.2 HORTICULTURE 151
11.2.1 RISING DEMAND FOR FRESH FARM FOOD TO DRIVE MARKET 151
FIGURE 56 AGRICULTURAL LIGHTING MARKET, BY HORTICULTURE 152
FIGURE 57 GREENHOUSES SEGMENT TO GROW AT A SIGNIFICANT RATE DURING FORECAST PERIOD 152
TABLE 72 HORTICULTURE: AGRICULTURAL LIGHTING MARKET: BY APPLICATION, 2019–2022 (USD MILLION) 153
TABLE 73 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 153
TABLE 74 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 75 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 154
TABLE 76 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 154
TABLE 77 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 154
TABLE 78 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 155
TABLE 79 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 155
TABLE 80 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 155
TABLE 81 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 156
TABLE 82 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 156
TABLE 83 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 156
TABLE 84 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 156
TABLE 85 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 157
11.2.2 GREENHOUSES 157
TABLE 86 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 158
TABLE 87 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 159
11.2.3 VERTICAL FARMS 159
TABLE 88 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 161
TABLE 89 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 161
11.2.4 OTHERS 161
11.2.4.1 Indoor farms 161
11.2.4.2 Cannabis and research applications 162
TABLE 90 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 163
TABLE 91 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 163
11.3 LIVESTOCK 164
11.3.1 RISING DEMAND FOR MILK, MEAT, AND EGGS TO INCREASE MARKET SHARE 164
FIGURE 58 AGRICULTURAL LIGHTING MARKET, BY LIVESTOCK 164
FIGURE 59 CATTLE/DAIRY FARMS TO BE LARGEST LIVESTOCK APPLICATION FOR IN 2023 165
TABLE 92 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165
TABLE 93 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
TABLE 94 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 166
TABLE 95 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 166
TABLE 96 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 166
TABLE 97 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 167
TABLE 98 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 167
TABLE 99 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 167
TABLE 100 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 168
TABLE 101 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 168
TABLE 102 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 168
TABLE 103 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 168
TABLE 104 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 169
TABLE 105 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 169
11.3.2 CATTLE/DAIRY FARMS 169
TABLE 106 RECOMMENDED LIGHT LEVELS FOR DAIRY 170
TABLE 107 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET: BY REGION, 2019–2022 (USD MILLION) 170
TABLE 108 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 171
11.3.3 SWINE FARMS 171
TABLE 109 RECOMMENDED LIGHT INTENSITY AND PHOTOPERIOD FOR SWINE 171
TABLE 110 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 172
TABLE 111 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 172
11.3.4 POULTRY FARMS 173
TABLE 112 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 174
TABLE 113 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 174
11.4 AQUACULTURE 174
11.4.1 INCREASED DEMAND FOR FARMED FISH TO CREATE SIGNIFICANT DEMAND 174
TABLE 114 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 175
TABLE 115 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 175
TABLE 116 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 176
TABLE 117 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 176
TABLE 118 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 176
TABLE 119 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 177
TABLE 120 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 177
TABLE 121 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 177
TABLE 122 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 178
TABLE 123 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 178
TABLE 124 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 178
TABLE 125 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 178
12 AGRICULTURAL LIGHTING MARKET, BY REGION 179
12.1 INTRODUCTION 180
FIGURE 60 AGRICULTURAL LIGHTING MARKET, BY REGION 180
FIGURE 61 AGRICULTURAL LIGHTING MARKET, BY COUNTRY/REGION 180
TABLE 126 AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 181
TABLE 127 AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 181
12.2 AMERICAS 181
FIGURE 62 AMERICAS: AGRICULTURAL LIGHTING MARKET SNAPSHOT 182
TABLE 128 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 182
TABLE 129 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 183
TABLE 130 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 183
TABLE 131 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 183
12.2.1 NORTH AMERICA 183
FIGURE 63 MEXICO TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 184
TABLE 132 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 184
TABLE 133 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 184
12.2.1.1 US 185
12.2.1.1.1 Increasing number of vertical farms to drive market 185
12.2.1.2 Canada 186
12.2.1.2.1 Unfavorable climatic conditions necessitate adoption of agricultural lighting 186
12.2.1.3 Mexico 187
12.2.1.3.1 Growing population and scarcity of resources to fuel adoption of agricultural lighting 187
12.2.2 SOUTH AMERICA 188
FIGURE 64 AGRICULTURAL LIGHTING MARKET: SOUTH AMERICA, BY COUNTRY 188
TABLE 134 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 188
TABLE 135 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 189
12.2.2.1 Brazil 189
12.2.2.1.1 Increasing greenhouses in region to fuel market demand 189
12.2.2.2 Argentina 189
12.2.2.2.1 Land scarcity to drive demand for effective lighting and modern agricultural techniques 189
12.2.2.3 Rest of South America 190
12.2.3 IMPACT OF RECESSION ON AMERICAS 190
12.3 EUROPE 191
FIGURE 65 EUROPE: AGRICULTURAL LIGHTING MARKET SNAPSHOT 192
TABLE 136 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 193
TABLE 137 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 193
TABLE 138 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 193
TABLE 139 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 194
12.3.1 UK 194
12.3.1.1 Increasing vertical farms and greenhouses to fuel demand for agricultural lighting 194
12.3.2 GERMANY 195
12.3.2.1 Presence of prominent agricultural lighting players to fuel market demand 195
12.3.3 FRANCE 195
12.3.3.1 High potential growth in aquaculture to boost market 195
12.3.4 NETHERLANDS 196
12.3.4.1 Presence of established greenhouses to support market growth 196
12.3.5 SPAIN 197
12.3.5.1 Increased greenhouse production to boost demand 197
12.3.6 REST OF EUROPE 197
12.3.7 IMPACT OF RECESSION ON EUROPE 198
12.4 ASIA PACIFIC 199
FIGURE 66 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET SNAPSHOT 199
TABLE 140 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 200
TABLE 141 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200
TABLE 142 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 200
TABLE 143 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201
12.4.1 CHINA 201
12.4.1.1 Affordability and availability of LED lighting systems to fuel demand 201
12.4.2 JAPAN 202
12.4.2.1 Rising adoption of urban farming practices to encourage use of agricultural lights 202
12.4.3 INDIA 203
12.4.3.1 High adoption rate for greenhouses and vertical farms to drive market 203
12.4.4 SOUTH KOREA 203
12.4.4.1 Adoption of advanced aquaculture technologies to drive market 203
12.4.5 AUSTRALIA 204
12.4.5.1 Legalization of cannabis cultivation, along with less rainfall, to drive market 204
12.4.6 REST OF ASIA PACIFIC 204
12.4.7 IMPACT OF RECESSION ON ASIA PACIFIC 205
12.5 REST OF THE WORLD (ROW) 206
TABLE 144 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 206
TABLE 145 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 206
FIGURE 67 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION 207
TABLE 146 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 207
TABLE 147 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 207
12.5.1 MIDDLE EAST 208
12.5.1.1 Increasing investments for local food production to boost market 208
12.5.2 AFRICA 208
12.5.2.1 Unfavorable climatic conditions to increase adoption of agricultural lighting 208
12.5.3 IMPACT OF RECESSION ON REST OF THE WORLD 209
13 COMPETITIVE LANDSCAPE 210
13.1 INTRODUCTION 210
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 210
TABLE 148 OVERVIEW OF STRATEGIES DEPLOYED BY AGRICULTURAL LIGHTING MARKET PLAYERS 210
13.2.1 PRODUCT PORTFOLIO 211
13.2.2 REGIONAL FOCUS 212
13.2.3 MANUFACTURING FOOTPRINT 212
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 212
13.3 MARKET SHARE ANALYSIS 212
TABLE 149 AGRICULTURAL LIGHTING MARKET: INTENSITY OF COMPETITIVE RIVALRY, 2022 213
13.4 REVENUE ANALYSIS OF TOP PLAYERS 213
FIGURE 68 FIVE-YEAR REVENUE ANALYSIS OF LEADING MARKET PLAYERS (2018–2022) 213
13.5 COMPANY EVALUATION MATRIX 215
13.5.1 STARS 215
13.5.2 EMERGING LEADERS 215
13.5.3 PERVASIVE PLAYERS 215
13.5.4 PARTICIPANTS 216
FIGURE 69 AGRICULTURAL LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 216
TABLE 150 COMPANY FOOTPRINT 217
TABLE 151 APPLICATION FOOTPRINT 218
TABLE 152 COMPANY OFFERING FOOTPRINT 219
TABLE 153 COMPANY REGION FOOTPRINT 220
13.6 COMPETITIVE BENCHMARKING 222
13.6.1 STARTUP EVALUATION MATRIX: AGRICULTURAL LIGHTING MARKET 222
TABLE 154 AGRICULTURAL LIGHTING MARKET: DETAILED LIST OF KEY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 222
TABLE 155 AGRICULTURAL LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY SMES 228
13.7 SME EVALUATION MATRIX 229
13.7.1 PROGRESSIVE COMPANIES 229
13.7.2 RESPONSIVE COMPANIES 229
13.7.3 DYNAMIC COMPANIES 229
13.7.4 STARTING BLOCKS 229
FIGURE 70 AGRICULTURAL LIGHTING MARKET (GLOBAL): SME EVALUATION MATRIX, 2022 230
13.8 COMPETITIVE SCENARIO 231
13.8.1 PRODUCT LAUNCHES 231
TABLE 156 AGRICULTURAL LIGHTING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020 –MAY 2023 231
13.8.2 DEALS 233
TABLE 157 AGRICULTURAL LIGHTING MARKET: DEALS, JANUARY 2020–MAY 2023 233
13.8.3 OTHERS 235
TABLE 158 AGRICULTURAL LIGHTING MARKET: OTHERS, JANUARY 2020–MAY 2023 235
14 COMPANY PROFILES 237
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 KEY PLAYERS 237
14.1.1 SIGNIFY HOLDING 237
TABLE 159 SIGNIFY HOLDING: COMPANY OVERVIEW 238
FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT 238
14.1.2 DELAVAL 243
TABLE 160 DELAVAL: COMPANY OVERVIEW 243
FIGURE 72 DELAVAL: COMPANY SNAPSHOT 244
14.1.3 LELY 246
TABLE 161 LELY: COMPANY OVERVIEW 246
14.1.4 SUNBIRD 248
TABLE 162 SUNBIRD: COMPANY OVERVIEW 248
14.1.5 CBM LIGHTING 250
TABLE 163 CBM LIGHTING: COMPANY OVERVIEW 250
14.1.6 ONCE 252
TABLE 164 ONCE: COMPANY OVERVIEW 252
14.1.7 HATO AGRICULTURAL LIGHTING 254
TABLE 165 HATO AGRICULTURAL LIGHTING: COMPANY OVERVIEW 254
14.1.8 AKVA GROUP 256
TABLE 166 AKVA GROUP: COMPANY OVERVIEW 256
FIGURE 73 AKVA GROUP: COMPANY SNAPSHOT 257
14.1.9 GAVITA INTERNATIONAL B.V. 259
TABLE 167 GAVITA INTERNATIONAL B.V.: COMPANY OVERVIEW 259
14.1.10 AMS-OSRAM AG (PART OF AMS AG) 262
TABLE 168 AMS-OSRAM AG: COMPANY OVERVIEW 262
FIGURE 74 AMS-OSRAM AG: COMPANY SNAPSHOT 263
14.1.11 HELIOSPECTRA AB 267
TABLE 169 HELIOSPECTRA AB: COMPANY OVERVIEW 267
FIGURE 75 HELIOSPECTRA AB: COMPANY SNAPSHOT 268
14.1.12 CALIFORNIA LIGHTWORKS 271
TABLE 170 CALIFORNIA LIGHTWORKS: COMPANY OVERVIEW 271
14.1.13 HORTILUX SCHRÉDER (DOOL INDUSTRIES) 274
TABLE 171 HORTILUX SCHRÉDER: COMPANY OVERVIEW 274
14.1.14 VALOYA 277
TABLE 172 VALOYA: COMPANY OVERVIEW 277
14.2 OTHER PLAYERS 280
14.2.1 HUBBELL 280
14.2.2 SAMSUNG 281
14.2.3 FIENHAGE POULTRY SOLUTIONS 282
14.2.4 UNI-LIGHTLED LED 282
14.2.5 HELIO LED LIGHTING 283
14.2.6 ADOLF SCHUCH GMBH 284
14.2.7 PLANET LIGHTING 285
14.2.8 ARUNA LIGHTING 285
14.2.9 BIG DUTCHMAN 286
14.2.10 SHENZHEN HONTECH-WINS ELECTRONICS CO., LTD 287
14.2.11 LUMINUS, INC. 288
14.2.12 NICHIA CORPORATION 289
14.2.13 EVERLIGHT ELECTRONICS CO., LTD. 290
14.2.14 ILLUMINAR LIGHTING 291
14.2.15 CREE LIGHTING 292
14.2.16 GE LIGHTING, A SAVANT COMPANY 293
14.2.17 ILLUMITEX 294
14.2.18 SENMATIC 295
14.2.19 OREON 296
14.2.20 FLUENCE 297
14.2.21 APACHE TECH, INC. 298
14.2.22 BIOLOGICAL INNOVATION AND OPTIMIZATION SYSTEMS, LLC.
(BIOS LIGHTING) 299
14.2.23 EYE HORTILUX 300
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX 301
15.1 DISCUSSION GUIDE 301
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 305
15.3 CUSTOMIZATION OPTIONS 307
15.4 RELATED REPORTS 307
15.5 AUTHOR DETAILS 308