Our team of analysts has meticulously curated the Emerging Research publication titled “Global Horticulture Lighting Markets” to the reader's understanding and includes an industry distribution database overview. The research conducts a detailed analysis of historical and current market circumstances in order to precisely project the outlook of the Global Horticulture Lighting Market throughout the forecast period (2021–2028). The analysts' analysis of the global market has highlighted the elements influencing the market's overall growth. To examine the advantages, disadvantages, opportunities, and threats involved in expanding into different market segments, research uses effective analytical tools such as Porter's five forces and analysis. SWOT. The study focuses on potential growth opportunities and constraints that the leading industry participants might experience over the course of the full forecast period. To assist readers in developing successful investment plans, the research gives specific attention to rising business components, specialty industries, product launches, and brand promotions happening in the market. The report thoroughly examines the effect of the global health crisis on the market's overall growth. The most recent research report is a fantastic illustration of how the global Horticulture Lighting market was carefully examined. The study methodology, competitive environment, geographic segmentation, future developments, and technical innovation are all discussed. There is also a table of contents and a list of tables and figures. This industry has been touched by the global upheaval in almost every way. The most recent analysis, however, analyses the market and makes predictions about how the pandemic might impact this area of the economy. The investigation examined the major market segments as well, and it reached well-qualified judgements about how the sector is doing right now.

The global horticulture lighting market size is expected to reach USD 11.27 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for environmentally friendly and energy-efficient Light-Emitting Diode (LED) systems in horticulture to maximize crop yield and reduce energy consumption. Development of new and more advanced technologies related with smart agriculture is expected to drive growth of the global horticulture lighting market going ahead. Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.

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Some of the key participants in this industry include:

Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting

Key regions covered in the report:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The global Horticulture Lighting market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Horticulture Lighting market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

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On the basis of type, the market is segmented into

• Lighting Type Outlook (Revenue, USD Billion; 2018–2028)

  • Interlighting
  • Toplighting

• Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Light-Emitting Diode (LED)
  • High-Intensity Discharge (HID)
  • Others       

• Application Outlook (Revenue, USD Billion; 2018–2028)

  • Indoor farms
  • Vertical farms
  • Greenhouses
  • Others

In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

Valuable Market Insights: 

• The report highlights the latest trends observed in the consumption pattern of each regional segment.
• Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
• The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Horticulture Lighting market.
• The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

• What is the estimated market growth rate throughout the forecast period?
• Which end-use industry is expected to witness the highest demand for Horticulture Lighting in the near future?
• What is the regulatory framework governing the application of Horticulture Lighting in the food industry?
• Which manufacturing processes are utilized for the production of Horticulture Lighting?

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