Global Horticultural LED Lighting Market Growth 2023-2029

Global Horticultural LED Lighting Market Growth 2023-2029

Horticultural LED Lighting is composed of light-emitting diodes, usually in a casing with a heat sink and built-in fans. Horticultural LED Lights do not usually require separate ballast and can be plugged directly into a standard electrical socket. Horticultural LED Lighting can act as daylight in the absence of sunlight, so that plants can be normal or better growth and development. Horticultural LED Lights have strong roots, encourage, adjust the flowering, color, to promote fruit ripening, color, and enhance the taste and quality of the role.
LPI (LP Information)' newest research report, the “Horticultural LED Lighting Industry Forecast” looks at past sales and reviews total world Horticultural LED Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Horticultural LED Lighting sales for 2023 through 2029. With Horticultural LED Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Horticultural LED Lighting industry.
This Insight Report provides a comprehensive analysis of the global Horticultural LED Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Horticultural LED Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Horticultural LED Lighting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Horticultural LED Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Horticultural LED Lighting.
The global Horticultural LED Lighting market size is projected to grow from US$ 917.2 million in 2022 to US$ 2223.6 million in 2029; it is expected to grow at a CAGR of 2223.6 from 2023 to 2029.
Philips, General Electric and Osram are the leading players in gardening LED lighting, which together account for about 30% of the market.
Europe and North America are the major markets, each accounting for about 35% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Horticultural LED Lighting market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Low Power (＜300W)
High Power (≥300W)
Segmentation by application
Commercial Greenhouse
Indoor and Vertical Farming
R&D
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philips
Osram
Everlight Electronics
Hubbell Lighting
Cree
General Electric
Gavita
Kessil
Fionia Lighting
Illumitex
Lumigrow
Valoya
Cidly
Heliospectra AB
Ohmax Optoelectronic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Horticultural LED Lighting market?
What factors are driving Horticultural LED Lighting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Horticultural LED Lighting market opportunities vary by end market size?
How does Horticultural LED Lighting break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.