Global Floriculture Lighting Market, By Offering (Hardware, Software and Services), Technology (Fluorescent, High-Intensity Discharge (HId), Light-Emitting Diode (LED), Other Technologies), Lighting Type (Top lighting, Interlighting), Application (Greenhouses, Vertical Farming, Indoor Farming, Others) – Industry Trends and Forecast to 2030.
Floriculture Lighting Market Analysis and Size
The rapidly growing number of government initiatives to encourage the adoption of controlled-environment agriculture (CEA) practices and the increasing importance of the farm-to-table concept are some major factor that enhances the market growth forward. The top lighting is the fastest-growing lighting type segment due to the increasing preference of illumination for indoor and vertical farming all over the world.
Data Bridge Market Research analyses that the floriculture lighting market was valued at USD 2489.3 million in 2022 and is expected to reach the value of USD 10919.49 million by 2030, at a CAGR of 20.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Floriculture Lighting Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software and Services), Technology (Fluorescent, High-Intensity Discharge (HId), Light-Emitting Diode (LED), Other Technologies), Lighting Type (Toplighting, Interlighting), Application (Greenhouses, Vertical Farming, Indoor Farming, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Heliospectra AB (Sweden), excite LED Grow Lights (Switzerland), Greens Hydroponics (U.K.), UPSHINE Lighting (China), TESLUX Lighting s.r.o. (Czechia), Hortisystems UK Ltd (UK), ProGrowTech (U.S.), Ronfell Group (U.K.), GENERAL ELECTRIC (U.S.), Agrolux (Netherlands), SAMSUNG (South Korea), Hortilux Schréder B.V. (Netherlands), OSRAM GmbH (Germany), Signify Holding (Netherlands), BSSLED Manufacturing Ltd. (U.K.), Forge Europa (U.K.), Cropmaster LED (U.K.), TE Connectivity Ltd. (Switzerland), Cree, Inc. (U.S.), DiCon Lighting (U.S.), Valoya (Finland), EVERLIGHT (Taiwan), and Gavita (Norway)
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Market Opportunities
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Market Definition
Floriculture is a branch of horticulture concerned with cultivating ornamental and flowering plants for floristry and gardens, comprising the floral industry. The growth of new varieties by plant breeding is a main occupation of floriculturists. Floriculture lighting activates several types of photoreceptors in plants to promote photomorphogenesis, photoperiodis, photosynthesis and phototropism in plants. All plants-including those that produce flowers need carbon dioxide, light, water and nutrients for growth and survival. Plants require light to catalyze the chemical reaction between water and carbon dioxide, creating the carbohydrates necessary for growth.
Global Floriculture Lighting Market Dynamics
Drivers
- Increasing usage of light-emitting diode (LED) technology
The light-emitting diode (LED) technology is gaining popularity in the floriculture sector, mainly owing to NASA, which continues to conduct experiments for plant-growth under light-emitting diode (LED) lighting. It shows huge potential as floriculture lighting fixtures because of cool operation, low energy consumption and the capability to customize the spectral output to emit the specific wavelengths usable by plants. The increasing usage of light-emitting diode (LED) technology in the floriculture sector is expected to drive the market's growth.
- High usage of greenhouse
A greenhouse is specially made for the cultivation of crops, flowers and other floriculture. It is made up of transparent material, specifically glass. Regular crops which do not require advanced planning and care with stable climatic conditions are grown in greenhouses. A greenhouse is essential and acts as a temperature controller. As a result of greenhouses, the plant growth is healthy and they do not perish.
Opportunities
- Increasing demand of advanced floriculture lighting
It is projected that the floriculture lighting market would grow significantly in upcoming years, due to a rise in the demand for sophisticated products and lighting technologies. The increasing production of floriculture upsurge the demand for these lights that are anticipated to spur the market expansion. Moreover, the requirement for floriculture lighting systems in vertical farming applications is growing, which further encourages the producers or farmers of vertical farming to build up effective management, therefore supporting the market's development.
- Rising adoption of advanced methods
The rapid adoption of advanced methods in developing nations is a potential opportunity for the market players. Currently, the usage of artificial lights for farming purposes is quite low, mainly in countries such as Brazil, India, and South Africa, but with the rising popularity of the floriculture and indoor crop cultivation concepts, it is anticipated to pick up swiftly in the upcoming years. Moreover, to conserve energy, the government of several countries are prolonging their support for LEDs, which could be a major development area for market players
Restraints
- High cost and lack of standard testing practices
High installation and setup costs associated with the floriculture lighting and high need for varied light spectra for different crops are anticipated to hamper market growth. Moreover, lack of standard testing practices for accessing product quality of floriculture lights and complexities with placement of controlled environment agriculture technology in large areas are expected to challenge the market in the forecast period of 2023-2030.
This floriculture lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the floriculture lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Floriculture Lighting Market
The outbreak of COVID-19 pandemic has impacted the global floriculture lighting market considerably. The global floriculture lighting market had hit a stagnant stage during the initial phase of pandemic. The instant impact was on the supply chain analysis and it affected the overall globe. There was a shortage of food products and the costs of vegetables and fruits were growing rapidly. The global floriculture sector also faced a shortage in the workforce because many workforces went back to their hometowns owing to lockdowns. As a result of regional lockdowns were lifted, the global floriculture lighting market saw significant growth. The increasing demand for these lighting market will increase the market's revenue during the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Floriculture Lighting Market Scope
The floriculture lighting market is segmented based on the offering, technology, lighting type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware
- Software
- Services
Technology
- Fluorescent
- High-Intensity Discharge (HId)
- Light-Emitting Diode (LED)
- Other Technologies
Lighting Type
- Toplighting
- Interlighting
Application
- Greenhouses
- Vertical Farming
- Indoor Farming
- Others
Floriculture Lighting Market Regional Analysis/Insights
The floriculture lighting market is analyzed and market size insights and trends are provided by country, offering, technology, lighting type and application as referenced above.
The countries covered in the floriculture lighting market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the floriculture lighting market in revenue growth due to the growing population in several regions and the rapid urbanization in the economy. Moreover, the availability of agricultural land in India, China, Japan, and Australia will likely boost the market's growth.
North America is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly due to growing demand for indoor farms and greenhouses vertical. Furthermore, floriculture lighting is energy proficient and the energy consumption of this lighting is less than regular farming which will likely to boost the growth of the market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Floriculture Lighting Market Share Analysis
The floriculture lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to floriculture lighting market.
Some of the major players operating in the floriculture lighting market are:
- Heliospectra AB (Sweden)
- Excite LED Grow Lights (Switzerland)
- Greens Hydroponics (U.K.)
- UPSHINE Lighting (China)
- TESLUX Lighting s.r.o. (Czechia)
- Hortisystems UK Ltd (U.K.)
- ProGrowTech (U.S.)
- Ronfell Group (U.K.)
- General Electric (U.S.)
- Agrolux (Netherlands)
- SAMSUNG (South Korea)
- Hortilux Schréder B.V. (Netherlands)
- OSRAM GmbH (Germany)
- Signify Holding (Netherlands)
- BSSLED Manufacturing Ltd. (U.K.)
- Forge Europa (U.K.)
- Cropmaster LED (U.K.)
- TE Connectivity Ltd. (Switzerland)
- Cree, Inc. (U.S.)
- DiCon Lighting (U.S.)
- Valoya (Finland)
- EVERLIGHT (Taiwan)
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