Global Horticulture LED Lighting Market Size & Trends

Global Horticulture LED Lighting Market Size & Trends

According to a new market research report published by Global Market Estimates, the Global Horticulture LED Lighting Market is projected to grow from USD 3.2 billion in 2022 to USD 10.8 billion in 2027 at a CAGR of 9.3% from 2022 to 2027.

The major driver in the horticulture LED lighting market is the increase in disposable income of developing countries. Many consumers are relying on homegrown fruits and vegetables.

This increases demand for greenhouses vertical and indoor farms. Horticulture lighting is energy efficient and the energy consumption is less than regular farming. These advantages drive the market during the forecast period.

Browse 153 Market Data Tables and 113 Figures spread through 185 Pages and indepth TOC on “Global Horticulture LED Lighting Market - Forecast to 2027’’ https://www.globalmarketestimates.com/market-report/horticulture-led-lighting-market-3838

By Technology (Fluorescent, HID, LED), By Application (Greenhouses, Vertical Farms, Indoor Farms), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), End-User Landscape Analysis, Company Market Share Analysis, and Competitor Analysis Key Market Insights 

As per the technology outlook, the fluorescent segment is expected to be the largest

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segment in the horticulture LED lighting market from 2022 to 2027 The Asia Pacific region is analyzed to be the fastest-growing segment in the market United States has the largest share in the market during the forecast period of 2022-

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2027 As per the application type, the greenhouses segment is expected to be the largest

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segment in the Horticulture LED Lighting market from 2022 to 2027 Signify Holding, Gavita, Valoya, Osram, LumiGrow Inc., Savat Company, Hubbell, Iluminar Lighting, and Agrolux, among others, are the key players in the horticulture LED lighting market

Technology Outlook (Revenue, USD Billion, 2022-2027)   

Fluorescent HID LED

Vertical Outlook (Revenue, USD Billion, 2022-2027)   

Greenhouses Vertical Farms Indoor Farms

Regional Outlook (Revenue, USD Billion, 2022-2027) North America 

The U.S.

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Canada Mexico

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Europe      

Germany UK France Spain Italy Rest of Europe

Asia Pacific      

China India Japan South Korea Australia Rest of APAC

Central & South America   

Brazil Argentina Rest of CSA

Middle East & Africa   

Saudi Arabia UAE Rest of MEA

Contact: Yash Jain Email address: yash.jain@globalmarketestimates.com Phone Number: +1 6026667238