Global Agricultural Lighting Market is valued at approximately USD 10.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.5% over the forecast period 2023-2030. Agricultural lighting refers to the use of artificial lights to help plants grow and thrive in indoor farming environments. It involves using specific types of light, such as LEDs, to provide the right amount and quality of light that plants need for photosynthesis. This lighting method is used to supplement or replace natural sunlight and can be adjusted to meet the specific needs of different crops. The goal is to optimize plant growth, increase yields, and extend growing seasons by providing plants with the right kind of light at the right time. The driving factors of the market are increasing demand for food production to meet needs of growing population and adoption
According to United Nations, the global population is projected is to reach 9.7 billion by 2050 which will require more food which will demand more agriculture to live as per the life style. According to the rapid transition in 2021, LED are up to 80% more efficient than traditional lighting such as fluorescent and incandescent lights. 95% of the energy in LEDs is converted into light and only 5% is wasted as heat. Moreover, vertical farming and urban agriculture, integration with sustainable farming practices can create more opportunities in the market. However, the cost of implementation and another factor technical skill and information hampers the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Agricultural Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market. The United States and Canada have been at the forefront of adopting advanced agricultural technologies, including agricultural lighting. The region has seen substantial investments in vertical farming, greenhouse cultivation, and indoor agriculture, driving the demand for lighting solutions. Asia Pacific is the fastest growing region in this market. Countries such as China, Japan, and South Korea have been investing in modern agriculture practices, vertical farming, and greenhouse cultivation, thereby driving the demand for agricultural lighting technologies.
Major market player included in this report are:
- Signify N. V
- Ams-OSRAM AG
- Gavita International B.V
- Valoya Oy
- California Lightworks Inc
- DeLaval International AB
- CBM Lighting
- Heliospectra AB
- Hortilux Schreder
- General Electric
Recent Developments in the Market:
- In February 2023, ams-OSRAM AG announced a collaboration using the OSLON square platform and OSLON SSL LEDs with the revolution microelectronics. A high light output and a fully programmable spectrum allows horticulturists to hone in on the specific phytochemical development and boost yield and increase terpene development
- In December 2021, Hortilux Collaborated with LLC DTK a Russian rose company to provide them hortilux HPS NXT2 fixtures which is the perfect match for the company requirement.
Global Agricultural Lighting Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Offering, Light Source, Wattage Type, Installation Type, Sales Channel, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
- Hardware
- Software
- Services
Light Source:
- Fluorescent
- HID
- LED
- Others
Wattage Type:
- Below 50W
- 50 - 150W
- Above 150W
Installation Type:
Sales Channel:
- Retail/ Wholesale
- Direct Sales
- Online/ E-commerce
By Application:
- Horticulture
- Livestock
- Aquaculture
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Agricultural Lighting Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Agricultural Lighting Market, by Offering, 2020-2030 (USD Billion)
- 1.2.3. Agricultural Lighting Market, by Light Source, 2020-2030 (USD Billion)
- 1.2.4. Agricultural Lighting Market, by Wattage Type, 2020-2030 (USD Billion)
- 1.2.5. Agricultural Lighting Market, by Installation Type, 2020-2030 (USD Billion)
- 1.2.6. Agricultural Lighting Market, by Sales Channel, 2020-2030 (USD Billion)
- 1.2.7. Agricultural Lighting Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Agricultural Lighting Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Agricultural Lighting Market Dynamics
- 3.1. Agricultural Lighting Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Demand for Food Production to Meet Needs of Growing Population
- 3.1.1.2. Adoption of LED Technology
- 3.1.2. Market Challenges
- 3.1.2.1. Cost of Implementation
- 3.1.2.2. Technical Skill and Information
- 3.1.3. Market Opportunities
- 3.1.3.1. Vertical Farming and Urban Agriculture
- 3.1.3.2. Integration with Sustainable Farming Practices
Chapter 4. Global Agricultural Lighting Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Agricultural Lighting Market, by Offering
- 5.1. Market Snapshot
- 5.2. Global Agricultural Lighting Market by Offering, Performance - Potential Analysis
- 5.3. Global Agricultural Lighting Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
- 5.4. Agricultural Lighting Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software
- 5.4.3. Services
Chapter 6. Global Agricultural Lighting Market, by Light Source
- 6.1. Market Snapshot
- 6.2. Global Agricultural Lighting Market by Light Source, Performance - Potential Analysis
- 6.3. Global Agricultural Lighting Market Estimates & Forecasts by Light Source 2020-2030 (USD Billion)
- 6.4. Agricultural Lighting Market, Sub Segment Analysis
- 6.4.1. Fluorescent
- 6.4.2. HID
- 6.4.3. LED
- 6.4.4. Others
Chapter 7. Global Agricultural Lighting Market, by Wattage Type
- 7.1. Market Snapshot
- 7.2. Global Agricultural Lighting Market by Wattage Type, Performance - Potential Analysis
- 7.3. Global Agricultural Lighting Market Estimates & Forecasts by Wattage Type 2020-2030 (USD Billion)
- 7.4. Agricultural Lighting Market, Sub Segment Analysis
- 7.4.1. Below 50W
- 7.4.2. 50 - 150W
- 7.4.3. Above 150 W
Chapter 8. Global Agricultural Lighting Market, by Installation Type
- 8.1. Market Snapshot
- 8.2. Global Agricultural Lighting Market by Installation Type, Performance - Potential Analysis
- 8.3. Global Agricultural Lighting Market Estimates & Forecasts by Installation Type 2020-2030 (USD Billion)
- 8.4. Agricultural Lighting Market, Sub Segment Analysis
- 8.4.1. New
- 8.4.2. Retrofit
Chapter 9. Global Agricultural Lighting Market, by Sales Channel
- 9.1. Market Snapshot
- 9.2. Global Agricultural Lighting Market by Sales Channel, Performance - Potential Analysis
- 9.3. Global Agricultural Lighting Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
- 9.4. Agricultural Lighting Market, Sub Segment Analysis
- 9.4.1. Retail/ Wholesale
- 9.4.2. Direct Sales
- 9.4.3. Online/E-commerce
Chapter 10. Global Agricultural Lighting Market, by Application
- 10.1. Market Snapshot
- 10.2. Global Agricultural Lighting Market by Application, Performance - Potential Analysis
- 10.3. Global Agricultural Lighting Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 10.4. Agricultural Lighting Market, Sub Segment Analysis
- 10.4.1. Horticulture
- 10.4.2. Livestock
- 10.4.3. Aquaculture
Chapter 11. Global Agricultural Lighting Market, Regional Analysis
- 11.1. Top Leading Countries
- 11.2. Top Emerging Countries
- 11.3. Agricultural Lighting Market, Regional Market Snapshot
- 11.4. North America Agricultural Lighting Market
- 11.4.1. U.S. Agricultural Lighting Market
- 11.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
- 11.4.1.2. Light Source breakdown estimates & forecasts, 2020-2030
- 11.4.1.3. Wattage Type breakdown estimates & forecasts, 2020-2030
- 11.4.1.4. Installation Type breakdown estimates & forecasts, 2020-2030
- 11.4.1.5. Sales Channel breakdown estimates & forecasts, 2020-2030
- 11.4.1.6. Application breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Agricultural Lighting Market
- 11.5. Europe Agricultural Lighting Market Snapshot
- 11.5.1. U.K. Agricultural Lighting Market
- 11.5.2. Germany Agricultural Lighting Market
- 11.5.3. France Agricultural Lighting Market
- 11.5.4. Spain Agricultural Lighting Market
- 11.5.5. Italy Agricultural Lighting Market
- 11.5.6. Rest of Europe Agricultural Lighting Market
- 11.6. Asia-Pacific Agricultural Lighting Market Snapshot
- 11.6.1. China Agricultural Lighting Market
- 11.6.2. India Agricultural Lighting Market
- 11.6.3. Japan Agricultural Lighting Market
- 11.6.4. Australia Agricultural Lighting Market
- 11.6.5. South Korea Agricultural Lighting Market
- 11.6.6. Rest of Asia Pacific Agricultural Lighting Market
- 11.7. Latin America Agricultural Lighting Market Snapshot
- 11.7.1. Brazil Agricultural Lighting Market
- 11.7.2. Mexico Agricultural Lighting Market
- 11.8. Middle East & Africa Agricultural Lighting Market
- 11.8.1. Saudi Arabia Agricultural Lighting Market
- 11.8.2. South Africa Agricultural Lighting Market
- 11.8.3. Rest of Middle East & Africa Agricultural Lighting Market
Chapter 12. Competitive Intelligence
- 12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
- 12.2. Top Market Strategies
- 12.3. Company Profiles
- 12.3.1. Signify N.V
- 12.3.1.1. Key Information
- 12.3.1.2. Overview
- 12.3.1.3. Financial (Subject to Data Availability)
- 12.3.1.4. Product Summary
- 12.3.1.5. Recent Developments
- 12.3.2. Ams-OSRAM AG
- 12.3.3. Gavita International B.V
- 12.3.4. Valoya Oy
- 12.3.5. California Lightworks Inc
- 12.3.6. DeLaval International
- 12.3.7. CBM Lighting
- 12.3.8. Heliospectra AB
- 12.3.9. Hortilux Schreder
- 12.3.10. General Electric
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption