Driving into the Future: Analyzing Growth Projection and Size of the Horticulture Lighting Market

 

A recent report by MarkNtel Advisors reveals that the Horticulture Lighting Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 21.1% during 2023-28. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.

Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the Horticulture Lighting Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2023-28 as the starting point and provides forecasts for the years 2023 to 2028. All market values presented are in USD Million/Billion.

Get Your Complimentary Sample Report Now! https://www.marknteladvisors.com/query/request-sample/horticulture-lighting-market.html

Goals of the Horticulture Lighting Market Research Study

·        To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the Horticulture Lighting Market

·        To have a complete understanding of the value chain through Porter's five forces model

·        To identify positioning of major participants in the Horticulture Lighting Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.

·        To provide thorough information to stakeholders on growth opportunities in fast-growing segments

 

Recent Developments

·        In 2022, Signify, the behemoth in lighting, has finally acquired Fluence, one of the brands from AMS OSRAM. The acquisition seems to strengthen the global Agriculture lighting growth platform and extends the position of Signify in the attractive North American horticultural lighting market.

·        In Oct 2020, California LightWorks unveiled its MegaDrive, a new professional grow light system, which claims to facilitate precise outcomes while drastically lowering both up-front & long-term operating costs. Additionally, the new system constitutes a central power unit joined to a series of up to 30 LED fixtures in a chain. The best part is, High voltage three-phase power can connect straight to the central power unit, eliminating power drops to each fixture.

·        In September 2020, Valoya, one of the key grow light manufacturers, expanded its product line of RX-Series line of greenhouse LEDs with two latest models - RX500 & RX600, that are claimed to be producing minimal shading over the canopy. Also, equipped with an Ingress Protection rating of IP65 (wet location), these luminaires are purely dust-tight & can demonstrate omnidirectional fight spraying with water jets.

A Detailed Analysis of Major Segments Driving the Horticulture Lighting Market Growth

In this section, the report explores the Horticulture Lighting Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.

Based on Application

- Indoor Farming

- Greenhouse

- Vertical Farming

Based on Technology

- High-Intensity Discharge (HID)

-- LED

-- High-Pressure Sodium Lamp

- Fluorescent

-- T5

-- CFL

Based on Offering

- Hardware

- Software

- Services

Based on Cultivation

- Vegetable

- Fruits

- Floriculture

- Others (Medicinal plants, Aromatic, etc.)

Based on Lighting Type

- Top lighting

- Inter lighting

- Supplemental Lighting

- Sole-Source Lighting

- Photoperiodic Lighting

Geographically, the Horticulture Lighting Market expands across:

- North America

- South America

- Europe

- The Middle East & Africa

- Asia-Pacific

Immerse Yourself in the Complete Report: Explore Extensive Research, Market Segmentation, and Competitive Landscape Analysis - https://www.marknteladvisors.com/research-library/horticulture-lighting-market.html

Note: The Horticulture Lighting Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.

Horticulture Lighting Market Research Report: Key Questions Addressed

·        What is the estimated size, share, & CAGR of the Horticulture Lighting Market during 2023-28?

·        Which segments & sub-segments are considered most prevalent in the Horticulture Lighting Market research study?

·        What are the major regions/countries would offer remunerative prospects to the key players in the Horticulture Lighting Market?

·        What are the geographical trends and recent developments in the Horticulture Lighting Market?

·        Which products/services would witness rapidly growing demand in the Horticulture Lighting Market through 2028?

A Detailed Assessment of Major Companies in the Horticulture Lighting Market and their Key Growth Strategies

The competitive landscape section of the report unveils the top players in the Horticulture Lighting Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.

Companies like,

- Bridgelux Inc.

- EYE Hortilux

- Maxigrow Ltd

- Hortilux Schreder

- Osram Licht AG

- Gavita International BV

- Lumileds

- Agrolux

- PARsource

- Heliospectra

- Signify

- Valoya

- California Lightworks

- LumiGrow

- EYE Hortilux

- Others

often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.

Talk to our consultant - https://www.marknteladvisors.com/query/talk-to-our-consultant/horticulture-lighting-market.html

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

*For further information, kindly contact our sales team, and allow us to guide your purchase and customization queries.

Media Representative

Email: sales@marknteladvisors.com

Phone: +1 628 895 8081 +91 120 4278433,

Address: 5234F Diamond Heights Blvd #3092,

San Francisco, CA 94131, United States