Illuminating Growth: Exploring the Thriving Europe Horticulture Lighting Market and Its Bright Future Opportunities

The Europe horticulture lighting market has witnessed substantial growth in recent years. It pertains to the production and sale of lighting solutions specifically designed for indoor cultivation of plants. Horticulture lighting systems, including LEDs, HPS, and fluorescents, provide the necessary spectrum and intensity of light to support photosynthesis and optimize plant growth. They are widely used for various crops, including fruits, vegetables, herbs, and ornamental plants. Additionally, the market's expansion is facilitated by both commercial and hobbyist growers' adoption of these lighting systems, as well as emerging applications in cannabis and medicinal plant cultivation.

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Data Bridge Market Research analyses that the Europe Horticulture Lighting Market is expected to grow at a CAGR of 19.1% in the forecast period of 2023 to 2030 and is expected to reach USD 14,632.12 million by 2030 from USD 3,614.21 million in 2022. The expansion of urban areas fuels a growing need for efficient horticulture lighting solutions. These technologies are crucial in supporting the practice of urban farming, enabling crops to thrive in controlled environments within densely populated cities.

Key Findings of the Study

Government initiatives are expected to drive the market's growth rate

Increasing government support for controlled environment agriculture (CEA) drives rapid market growth. Businesses are aiding farmers in establishing vertical farms, while governments promote CEA practices. Anticipated surges in horticulture lighting demand coincide with expanding governmental, academic, and non-profit initiatives. The Dutch government's geothermal heat plant construction, featuring tax exemptions and lenient loans, is a prime example of this support, facilitating agricultural progress through efficient lighting solutions.

Report Scope and Market Segmentation

Segment Analysis:

The Europe horticulture lighting market is segmented on the basis of offerings, technology, lighting type, cultivation, installation type, and application.

• On the basis of offerings, the Europe horticulture lighting market is segmented into hardware, software, and services.
• On the basis of technology, the Europe horticulture lighting market is segmented into fluorescent lamps, high intensity discharge lights, LED lights, and other.
• On the basis of lighting type, the Europe horticulture lighting market is segmented into top lighting, inter lighting, photoperiodic lighting, supplemental lighting, and sole-source lighting.
• On the basis of cultivation, the Europe horticulture lighting market is segmented into fruits and vegetables, floriculture, and cannabis.
• On the basis of installation type, the Europe horticulture lighting market is segmented into turnkey, new installations, and retrofit installations.
• On the basis of application, the Europe horticulture lighting market is segmented into greenhouses, vertical farming, indoor farming, city farming, and others.

Major Players

Data Bridge Market Research recognizes the following companies as the major Europe horticulture lighting market players in Europe horticulture lighting market are Ronfell Group (U.K.), General Electric (U.S.), Agrolux (Netherlands), Samsung (South Korea), Hortilux Schréder (Netherlands).

Market Developments

• In March 2022, Acuity Brands unveiled Verjure, a cutting-edge horticulture LED lighting system tailored to indoor farming. Rooted in plant-focused academic research, the Verjure Pro Series LED luminaires cater to all growth phases, from vegetative to flowering. This versatile series, available in three sizes and outputs, suits various indoor environments, including warehouses, greenhouses, and vertical racks. Featuring IP66 waterproofing and strong 6kV surge protection, it ensures dependable performance.
• In 2022, ams OSRAM GmbH unveiled the OSLON Optimal LED series, featuring a cutting-edge 1mm² chip designed for horticulture lighting. These LEDs, initially available in Hyper Red and Far Red, with Deep Blue and Horti White versions to follow, offer a blend of performance, efficiency, and affordability. Their 3.0mm x 3.0mm size are ideal for horticulture lighting fixtures in vertical farms and high-density greenhouses, offering versatility in addressing diverse spectral requirements.
• In 2022, Signify and Perfect Plants joined forces to advance cannabis cultivation. Through the introduction of two climate cells, the Philips GrowWise Control System and dimmable Philips GreenPower LED toplighting compact grow lights, a comprehensive lighting solution optimized for the entire growth cycle has emerged. Perfect Plants' investments in research and production facilities, coupled with Signify's expertise and versatile GreenPower LED systems, position them to compete for a Dutch license for legal cannabis cultivation.
• In 2022, GE Current rebranded itself to expand product offerings and acquired Hubbell Lighting. This name change was linked to the acquisition, with Hubbell's Arize horticultural lighting becoming part of the Current brand. Most horticultural lighting fixtures are now manufactured in Hendersonville, North Carolina. The Hubbell acquisition addresses supply chain challenges driven by a global surge in demand for lighting solutions, prompting Current to introduce various new products.

Regional Analysis

Geographically, the countries covered in the Europe horticulture lighting market report are France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

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