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Global Horticulture Lighting Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Semiconductors and Electronics | Upcoming Report | Nov 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Horticulture Lighting Market Segmentation, By Offering (Hardware, Software, and Services), Deployment (Turnkey Solution and Retrofit Solution), Lighting Type (Top Lighting, Supplemental Lighting, Inter Lighting, Photoperiodic Lighting, and Sole-Source Lighting), Cultivation (Vegetables, Fruits, and Floriculture), Technology (High-Intensity Discharge (HID) and Fluorescent), Application (Greenhouse and Vertical Farming) – Industry Trends and Forecast to 2032


Horticulture Lighting Market Analysis

The horticulture lighting market is experiencing rapid growth, driven by the increasing demand for efficient lighting solutions in indoor farming, vertical farming, and greenhouses. The market is fueled by the need for energy-efficient technologies that support plant growth while minimizing energy consumption. LED lighting, known for its low heat output, energy efficiency, and long lifespan, has become a preferred choice in horticultural applications. Major players such as OSRAM AG, Samsung, and Cree LED are focusing on developing advanced lighting systems tailored to meet the specific needs of plant growth stages. Recent advancements include the integration of smart lighting systems, offering remote monitoring and control for greater precision. As the global food demand rises and sustainability becomes a priority, the horticulture lighting market is set to expand, offering innovative solutions for modern agricultural practices.

Horticulture Lighting Market Size

The global horticulture lighting market size was valued at USD 2.97 billion in 2024 and is projected to reach USD 12.55 billion by 2032, with a CAGR of 19.70% during the forecast period of 2025 to 2032. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Horticulture Lighting Market Trends

Increasing Adoption of LED Lighting Systems”

The horticulture lighting market is evolving rapidly, driven by innovations in lighting technologies and the growing demand for sustainable farming practices. One key trend is the increasing adoption of LED lighting systems, which offer energy efficiency, longer lifespan, and customizable light spectrums to optimize plant growth. Innovations such as smart lighting systems are further transforming the market, enabling remote monitoring and control to enhance precision in lighting management. These advancements are particularly beneficial for indoor and vertical farming, where optimal light conditions are crucial for crop yield. As the demand for organic and locally grown food rises, horticulture lighting solutions are becoming an essential tool in promoting sustainable agricultural practices while meeting food production needs.

Report Scope and Horticulture Lighting Market Segmentation

Attributes

Horticulture Lighting  Key Market Insights

Segments Covered

  • By Offering: Hardware, Software, and Services
  • By Deployment: Turnkey Solution and Retrofit Solution
  • By Lighting Type: Top Lighting, Supplemental Lighting, Inter Lighting, Photoperiodic Lighting, and Sole-Source Lighting
  • By Cultivation: Vegetables, Fruits, and Floriculture
  • By Technology: High-Intensity Discharge (HID) and Fluorescent
  • By Application: Greenhouse and Vertical Farming

Countries Covered

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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Key Market Players

OSRAM AG (Germany), Samsung (South Korea), ACUITY BRANDS, INC. (U.S.), The Scotts Company LLC (U.S.), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), TE Connectivity (Switzerland), Cree LED, an SGH company (U.S.), UPSHINE Lighting (China), SAVANT TECHNOLOGIES LLC (U.S.), Valoya, Inc. (Finland), Hortilux Schréder (Netherlands), excite LED Grow Lights (U.S.), Horticulture Lighting Group (U.S.), Thrive Agritech (U.S.), California LightWorks (U.S.), Agnetix (U.S.), Active Grow (U.S.), Heliospectra (Sweden), Midstream Ltd. (U.K.), Forge Europa (U.K.), TESLUX Lighting s.r.o. (Czech Republic), and The Ronfell Group (U.K.)

Market Opportunities

  • Integration of Smart Lighting Solutions
  • Horticulture Lighting Emerging Markets

Value Added Data Infosets

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.

Horticulture Lighting Market Definition

Horticulture lighting refers to specialized lighting systems designed to support and enhance plant growth in controlled environments such as greenhouses, indoor farms, and vertical farming setups. These lighting solutions provide the necessary light spectrum, intensity, and duration to simulate natural sunlight, promoting photosynthesis and improving plant health and yield. Horticulture lighting technologies, particularly LED lights, are energy-efficient and can be tailored to meet the specific needs of different plants at various growth stages, making them essential for modern farming and agricultural practices.

Horticulture Lighting Market Dynamics

Drivers

  • Increasing Demand for Sustainable Farming

As the global population continues to grow, the need for efficient and sustainable farming practices becomes more urgent. Indoor and vertical farming have emerged as key solutions, offering the ability to produce fresh, nutritious crops in urban areas while reducing the environmental impact of traditional agriculture. These farming methods rely heavily on advanced horticulture lighting systems to optimize plant growth by providing the necessary light spectrum and intensity. By minimizing water usage, reducing pesticide reliance, and maximizing space, horticulture lighting helps meet the rising demand for food, making it a key driver of growth in the market for sustainable farming solutions.

  • Rise in Controlled Environment Agriculture

The growing shift towards controlled environment agriculture (CEA), including hydroponics and aeroponics, is a significant driver in the demand for horticulture lighting. These soil-less farming methods, which enable crops to be grown in controlled environments with optimized conditions, rely heavily on specialized lighting to mimic natural sunlight and support plant growth. Horticulture lighting solutions, particularly energy-efficient LEDs, provide the precise spectrum of light needed for different plant growth stages, improving yield and quality. As more growers adopt CEA methods to address the need for sustainable, space-efficient farming, the demand for advanced horticulture lighting systems continues to rise, driving market growth.

Opportunities

  • Integration of Smart Lighting Solutions

The integration of IoT-enabled smart lighting systems presents a significant opportunity for growth in the horticulture lighting market. These advanced systems allow growers to remotely monitor and adjust lighting conditions in real-time, optimizing energy use and plant growth. With the ability to customize light intensity, spectrum, and timing, IoT-enabled lighting solutions enhance operational efficiency, reduce energy consumption, and improve crop yields. As demand for precision agriculture increases, these smart systems offer a competitive edge by automating lighting management, providing greater flexibility, and enabling data-driven decisions. This trend is expected to drive market growth by catering to the evolving needs of modern horticulture.

  • Horticulture Lighting Emerging Markets

The adoption of controlled environment agriculture (CEA) and advanced horticulture lighting in emerging markets offers substantial growth potential for the industry. As these regions face challenges such as limited arable land, climate change, and food security concerns, CEA methods such as hydroponics and vertical farming are gaining popularity. These methods rely on advanced horticulture lighting to optimize plant growth in controlled environments, offering a sustainable solution to boost food production. The growing demand for efficient farming techniques in emerging markets presents a unique opportunity for the horticulture lighting market to expand, providing tailored lighting solutions that support sustainable agricultural practices and meet rising food demands.

Restraints/Challenges

  • Competition and Market Saturation

As the horticulture lighting market expands, increased competition among numerous players offering similar products poses a significant challenge. This intense competition can lead to price wars, where companies lower their prices to attract customers, ultimately resulting in reduced profit margins. With many manufacturers offering comparable technologies, differentiation becomes more difficult, making it challenging for new entrants to establish a foothold in the market. As the market becomes saturated, companies must focus on innovation, quality, and customer service to stand out, while managing pricing strategies to maintain profitability. This competitive pressure remains a key challenge for sustainable market growth.

  • High Initial Investment

The high cost of setting up advanced horticulture lighting systems, particularly LED-based solutions, is a significant restraint for the market. While LEDs are energy-efficient and provide long-term benefits, their initial cost can be a barrier for small and medium-sized growers, especially in emerging markets where budget constraints are more prominent. The expenses involved in purchasing the equipment, installing the systems, and establishing the necessary infrastructure may discourage adoption, limiting the accessibility of these technologies. This financial challenge hinders the widespread use of advanced horticulture lighting, particularly in regions with limited access to funding and resources, thus restraining market growth.

This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Horticulture Lighting Market Scope

The market is segmented on the basis of offering, deployment, lighting type, cultivation, technology, 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

Deployment

  • Turnkey Solution
  • Retrofit Solution

Lighting Type

  • Structured top lighting
  • Supplemental Lighting
  • Inter Lighting
  • Photoperiodic Lighting
  • Sole-Source Lighting

Cultivation

  • Vegetables
  • Fruits
  • Floriculture

Technology

  • Quality High-Intensity Discharge (HID)
  • Fluorescent
  • Others  

Application

  • Handheld
  • Greenhouse
  • Vertical Farming
  • Others  

 Horticulture Lighting Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, offering, deployment, lighting type, cultivation, technology, and application as referenced above.

The countries covered in the market report are 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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe is anticipated to lead the market, driven by growing investments in high-content screening technologies and research advancements. In North America, the United States is projected to dominate, supported by the robust presence of major industry players and a well-established healthcare infrastructure. These factors collectively position these regions as key contributors to market growth.

Germany is set to lead the European market, driven by rising demand from emerging markets and ongoing industrial expansion. In the Asia-Pacific region, China is projected to dominate, fueled by growing consumer preferences for advanced recording devices. These trends highlight the pivotal roles of these nations in shaping regional market dynamics.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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.  

Horticulture Lighting Market Share

The 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 market.

Horticulture Lighting Market Leaders Operating in the Market Are:

  • OSRAM AG (Germany)
  • Samsung (South Korea)
  • ACUITY BRANDS, INC. (U.S.)
  • The Scotts Company LLC (U.S.)
  • Signify Holding (Netherlands)
  • EVERLIGHT ELECTRONICS CO., LTD. (Taiwan)
  • TE Connectivity (Switzerland)
  • Cree LED, an SGH company (U.S.)
  • UPSHINE Lighting (China)
  • SAVANT TECHNOLOGIES LLC (U.S.)
  • Valoya, Inc. (Finland)
  • Hortilux Schréder (Netherlands)
  • excite LED Grow Lights (U.S.)
  • Horticulture Lighting Group (U.S.)
  • Thrive Agritech (U.S.)
  • California LightWorks (U.S.)
  • Agnetix (U.S.)
  • Active Grow (U.S.)
  • Heliospectra (Sweden)
  • Midstream Ltd. (U.K.)
  • Forge Europa (U.K.)
  • TESLUX Lighting s.r.o. (Czech Republic)
  • The Ronfell Group (U.K.)

Latest Developments in Horticulture Lighting Market

  • In July 2024, Huisman Chrysanten combined the Philips GrowWise Control System with Hoogendoorn’s IIVO climate computer to enhance LED lighting management for their crops. This integration enables precise adjustments of the intensity and spectrum of Philips LEDs, tailored to the specific needs of the plants. The system optimization ensures better crop growth and energy efficiency
  • In June 2024, MechaTronix launched the Coolstack Growlight, featuring Osram OSCONIQ P3737 LEDs designed for high-wire crops. These LEDs are paired with specially designed optics tailored for tall-growing crops such as tomatoes and cucumbers. The new lighting solution optimizes plant growth by providing targeted light conditions for these specific crop types
  • In May 2024, Valoya India teamed up with LettUs Grow to provide a comprehensive solution for vertical farming businesses. The collaboration focuses on improving crop quality, increasing yields, and minimizing water usage through advanced aeroponic technology. This integrated approach aims to optimize efficiency and sustainability in vertical farming operations
  • In November 2023, Acuity Brands acquired Arize Horticultural Lighting from Current Lighting Solutions to strengthen its presence in the controlled environment agriculture market. This acquisition allows Acuity Brands to expand its product portfolio and offer advanced lighting solutions tailored to the needs of indoor farming. The move is aimed at enhancing the company's position in the growing market for sustainable agricultural technologies
  • In June 2023, Signify Holding, a global leader in lighting, assisted Topline Gerbera Nursery in switching from HPS to full LED lighting. The Philips GreenPower LED toplighting system provided superior illumination, cutting energy consumption by 40% and enabling year-round cultivation. This transition not only improved operational efficiency but also enhanced the nursery’s brand image by showcasing its commitment to sustainability and innovation


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