How big is the Horticulture Lighting Market?

The Horticulture Lighting Market size is expected to reach USD 8.35 billion in 2024 and grow at a CAGR of 17.40% to reach USD 18.62 billion by 2029. Read More

What is the current Horticulture Lighting Market size?

In 2024, the Horticulture Lighting Market size is expected to reach USD 8.35 billion. Read More

Who are the key players in Horticulture Lighting Market?

Heliospectra AB, Cree LED, OSRAM GmbH, Acuity Brands Inc. and Signify Holding are the major companies operating in the Horticulture Lighting Market. Read More

Which is the fastest growing region in Horticulture Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Horticulture Lighting Market?

In 2024, the Europe accounts for the largest market share in Horticulture Lighting Market. Read More

What years does this Horticulture Lighting Market cover, and what was the market size in 2023?

In 2023, the Horticulture Lighting Market size was estimated at USD 7.11 billion. The report covers the Horticulture Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Horticulture Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Horticulture Lighting Market - Size, Share & Industry Trends

Horticulture Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Horticulture Lighting Manufacturers and it is segmented by Technology (LED, HID (MH (Metal Halide) and HPS (High-Pressure Sodium) Light), Application Type (Vegetables and Fruits, Floriculture, City Farming, Greenhouses, Indoor, and Vertical Farming, Vertical Farming), and Geography. The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Horticulture Lighting Industry Overview

The Horticulture Lighting Market is highly competitive, owing to the presence of multiple domestic and international companies. The market appears to be highly fragmented, with significant players adopting strategies like product innovation, partnerships, collaborations, and mergers and acquisitions. Some of the major players in the market are Heliospectra AB, OSRAM GmbH, Everlight Electronics Co. Ltd, Gavita International BV, Epistar Corp., LEDiL Oy, Koninklijke Philips NV, Samsung Electronics Co. Ltd, Hubbell Inc., Cree LED, Signify Holding, and many more.

In July 2022, GE Current Re-Brands its name and acquired Hubbell Lighting to increase the range of products and distribution capacity. The acquisition drove the Current name change. The Hubbell and Current products, including Arize horticultural lighting, will be sold under the Current brand name. The company Current is manufacturing most of the horticultural lighting fixtures in Hendersonville, N.C. The acquisition of Hubbell will help them to navigate the supply chain challenges. According to the Current, there has been an enormous increase in demand for lighting solutions globally. The company is actively running several new product introductions to keep pace with demand. In March 2022, Signify and Perfect Plants companies expand their collaboration on cannabis. Two new climate cells are equipped with dimmable Philips GreenPower LED toplighting compact grow lights and the Philips GrowWise Control System, providing a light system that can work effectively and efficiently in every growth phase. Perfect Plants is competing for a Dutch license for the legal cultivation of cannabis and recently invested in facilities for research and production. Signify supplies flexible GreenPower LED systems and specialist knowledge.