One of the most sought-after market reports regarding in-depth analysis of the global Horticulture Lighting Market is the most recent report from Emergen Research, titled “Global Horticulture Lighting Market – Forecast to year 2028”. Finally, the paper offers convincing insights into how the regional and global Horticulture Lighting markets are expanding. The authors of the report provided the necessary information. related to the latest Horticulture Lighting Market trends along with important parameters that influence the growth of the market in both short term and long term. Through a thorough industry picture, it offers essential insights into the estimated Horticulture Lighting market size, revenue share, sales network, and distribution. With the aid of these beneficial market insights, readers will be able to explain the important outcomes of this sector in the near future. The Horticulture Lighting market research gives a clear explanation of the current trends as well as a variety of growth possibilities, major drivers, restrictions, obstacles, and other important factors. The study also considers a number of market dynamics, which in turn present the top players in the Horticulture Lighting market with a wide range of growth prospects. They are also designed to assist businesses in this sector in developing wise judgements and profitable business plans.
The global horticulture lighting market size is expected to reach USD 11.27 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for environmentally friendly and energy-efficient Light-Emitting Diode (LED) systems in horticulture to maximize crop yield and reduce energy consumption. Development of new and more advanced technologies related with smart agriculture is expected to drive growth of the global horticulture lighting market going ahead. Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.
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Leading Players Profiled in the Report:
Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting
The extensive Horticulture Lighting market segmentation, which covers the whole range of product types, applications, end-user industry landscapes, major geographic regions, and leading market competitors, is one of the report’s main features. The study includes unbiased industry experts’ predictions for revenue creation throughout the anticipated time as well as their opinions on the current market situation, historical market performance, production and consumption rates, demand and supply ratio, and other topics. The research precisely assesses the financial positions of the leading players, as well as their gross profits, sales volumes, sales revenue, production expenses, and other financial criteria. Our researchers’ team has also used a number of analytical methodologies, including investment evaluation, SWOT analysis, and Porter’s Five Forces Analysis, to examine the production and distribution capacities of the Key Word market participants.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
-
Lighting Type Outlook (Revenue, USD Billion; 2018–2028)
- Interlighting
- Toplighting
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Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Others
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Application Outlook (Revenue, USD Billion; 2018–2028)
- Indoor farms
- Vertical farms
- Greenhouses
- Others
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