Market Research Future has come up with the latest report on
the “Global Horticulture Lighting Market 2020”.
The
survey covered the impact of COVID-19 on everything, including the economy. On
this, MRFR reveals that the global market earlier achieved a valuation of USD 2476.5 Million in 2018 and would now scale up to USD 34.586
Million by 2024 at a CAGR
of 19.17% during the forecast period.
Market Research Future (MRFR) in its report envelops
segmentations and drivers to provide a better glimpse of the market in the
coming years. There are different types of lighting applications and
characteristics used in horticulture including photoperiodic lighting,
supplemental lighting, sole-source lighting. Lamps in horticulture lighting
operate for 18 to 24 hours continuously. In this rapidly progressing
environment, legalization of Cannabis for medicinal purposes, a steady supply
of crops despite unfavorable weather conditions for farming across geographies
are contributing to the growth of the electronic industry which is driving the
growth in the horticulture lighting market.
Competitive Analysis
The Key Players of Global Horticulture Lighting Market
are Signify (Philips Lighting) (Netherlands), Gavita (Netherlands), GE
Lighting (US), Osram (Germany), Agrolux (Netherlands), Heliospectra (Sweden),
Hortilux Schreder (Netherlands), Lumileds (Netherlands), resource (US), and
Illumitex (US) among others.
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Segmental Analysis
The Global Horticulture Lighting Market has been segmented
based on Technology, Lighting Type, Cultivation, Application and Region.
Based on lighting type, the market has been classified into
top lighting and interlighting. The top lighting segment accounted for the
larger market share in 2018, with the highest market value. Top lighting is
used in horticulture to provide appropriate light from the top end to the
plants. This lighting pattern can be adjusted as required by the plant..
Based on cultivation, the market has been classified into
fruits & vegetables and floriculture. The fruits & vegetables segment
accounted for the larger market share in 2018, with the highest market value.
Fruits and vegetables need more light as compared to other plants. Artificial
light is used to improve the yield, quality, and taste of fruits and
vegetables.
Based on application, the market has been divided into
greenhouse, vertical farming, indoor farming, and others. The greenhouse
segment accounted for the larger market share in 2018, at a steady CAGR.
Greenhouse horticulture is the production of crops using greenhouses,
glasshouses, shade houses, screen houses and crop top structures under modified
growing conditions. Vertical farming is a technique in which plants are grown
in vertically stacked planting beds stored in a controlled and indoor
environment. Indoor farming is the method of growing plants on large scale
indoors.
Regional Analysis
The Global Horticulture Lighting Market, by region, has been
segmented into Asia-Pacific, North America, Europe, Middle East & Africa,
and South America. Europe is expected to dominate the horticulture lighting
market during the forecast period due to growth in city farming along with the
advancement in technology.
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Information: https://www.marketresearchfuture.com/reports/horticulture-lighting-market-7840
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Horticulture Lighting Market Segmentation
8. Horticulture Lighting Market Landscape
Continued...…
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