Agricoltura
Horticulture Lighting Market worth $9.4 billion by 2027 - Exclusive Report by MarketsandMarkets™
The hardware segment of the horticulture lighting market, by offering is estimated to hold a larger market share in 2027. The key factors for the growth of the market are the increasing number of new lighting installations in greenhouses and vertical farms and the growing support of governments of different countries promoting the adoption of CEA facilities.
The cannabis segment of the horticulture lighting market, by cultivation, is projected to register the highest CAGR during the forecast period. The legalization of cannabis production is gaining momentum in different parts of the world as lawmakers globally are working toward this process. This is certainly going to benefit all categories of cannabis growers, and at the same time, manufacturers of LED grow lights are expected to benefit the most from this. Cannabis is also considered as a high value crop by growers and hence the cultivation of cannabis is growing at a faster pace.
Horticulture Lighting Market
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=131559722
Europe is expected to hold the largest share of the horticulture lighting market in 2027. The growth of the market in this region can be attributed to the fact that the region has the strongest economies in the world, along with flourishing industries that lead to increased capital investment capabilities. Countries such as the Netherlands , Spain , France , and Italy have large areas under greenhouse cultivation. The use of LED grow lights in this region is gradually increasing from being a supplemental lighting source to becoming a primary light source for indoor farming. The population of Europe has expanded rapidly in recent times, and countries of the region are importing fruits and vegetables in frozen form from Africa and Asia . These factors are expected to drive the market growth of horticulture lighting market in Europe .
Signify ( Netherlands ), OSRAM ( Germany ), Gavita ( Netherlands ), Valoya ( Finland ), California Lightworks (US), Helliospectra AB ( Sweden ), LumiGrow Inc. (US), Hortilux Schréder ( Netherlands ), Eye Hortilux (US), ILUMINAR Lighting (US), GE Current, A Daintree Company (US), PARsource (US), GE Lighting, A Savant Company (US), Hubbell (US), and Agrolux ( Netherlands ) are the key players in the global horticulture lighting market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.
Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based vertical farm and Shipping container-based vertical farm), Crop Type, Offering, & Region - Global Forecast to 2026
Smart Greenhouse Market by Type (Hydroponics and Non-Hydroponics), Covering Material Type (Polyethylene, Polycarbonate, and Others), Offering (Hardware and Software & Services), Component, Cultivation, End User, Region - Global Forecast to 2025
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/horticulture-lighting-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/horticulture-lighting.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg