Global LED Lighting for Horticulture Application Market Growth 2023-2029

Global LED Lighting for Horticulture Application Market Growth 2023-2029

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.

LPI (LP Information)' newest research report, the “LED Lighting for Horticulture Application Industry Forecast” looks at past sales and reviews total world LED Lighting for Horticulture Application sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Lighting for Horticulture Application sales for 2023 through 2029. With LED Lighting for Horticulture Application sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Lighting for Horticulture Application industry.

This Insight Report provides a comprehensive analysis of the global LED Lighting for Horticulture Application 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 LED Lighting for Horticulture Application portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Lighting for Horticulture Application market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Lighting for Horticulture Application 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 LED Lighting for Horticulture Application.

The global LED Lighting for Horticulture Application market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Experiments revealed surprising performance and production of vegetables and ornamental plants under LED lightsources. A large number of plant species have been assessed in greenhouse trials to make sure that the quality of biomass and biochemical ingredients of such plants is comparable with, or even higher than, those grown in field conditions. Plant performance of mint, basil, lentil, lettuce, cabbage, parsley and carrot was measured by assessing both the health and vigor of the plants and the success of the LEDs in promoting growth. Also noticed was profuse flowering of select ornamentals including primula, marigold and stock. Light emitting diodes (LEDs) offer efficient electric lighting in desired wavelengths (red + blue) which support greenhouse production in minimum time and with high quality and quantity. As LEDs are cool, plants can be placed as close as possible to light sources without overheating or scorching. This saves a large amount of space for intense cultivation.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Lighting for Horticulture Application market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
LED Lamp
LED Luminaire

Segmentation by application
Professional Horticulture Applications
Consumer Horticulture Applications

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.
Samsung
Philips
Cree
Nichia
Fluence Bioengineering
Heliospectra
Hubbell Lighting
Illumitex
Kessil Lighting
Lemnis Oreon
LumiGrow
Osram Sylvania
Smart Grow Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Lighting for Horticulture Application market?

What factors are driving LED Lighting for Horticulture Application market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LED Lighting for Horticulture Application market opportunities vary by end market size?

How does LED Lighting for Horticulture Application 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.