Global Horticulture LED Lighting Market Size & Trends

The Horticulture Lighting Market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2029

The horticulture lighting market has witnessed remarkable growth in recent years, driven by the increasing adoption of indoor and vertical farming practices, as well as the growing demand for year-round cultivation of crops. Horticulture lighting, which encompasses various technologies like LED, high-intensity discharge (HID), and fluorescent lights, plays a pivotal role in providing the optimal light spectrum for plant growth and development. This technology allows cultivators to tailor light conditions according to specific crop requirements, enhancing yield, quality, and energy efficiency. As sustainable agricultural practices gain traction, horticulture lighting solutions offer the potential to address food security challenges by enabling precise control over environmental factors. With advancements in smart lighting systems and a focus on maximizing resource utilization, the horticulture lighting market is poised to continue its expansion and innovation to meet the evolving needs of modern farming.

Read More On The Horticulture Lighting Market Report Here: https://www.fortunebusinessinsights.com/horticulture-lighting-market-106903

 

The Horticulture Lighting Market size will grow from USD 5.41 billion in 2021 to USD 19.87 billion by 2029 at a compound annual growth rate (CAGR) of 18.1%.

TOP KEY PLAYERS:

  • Bridgelux Inc. (U.S.)
  • LumiGrow Inc. (U.S.)
  • EYE Hortilux (U.S.)
  • Maxigrow Ltd (U.K.)
  • Signify Holding (Philips Lighting) (Netherlands)
  • GE Lighting (U.S.)
  • Hortilux Schreder (Netherlands)
  • Osram Licht AG (Germany)
  • Gavita International BV (Netherlands)
  • Lumileds (U.S.)
  • Hubbell Lighting (U.S.)

 

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