Emergen Research's Comprehensive Global Horticulture Lighting Market Research Report, added to its ever-expanding collection, contains insights into the Horticulture Lighting Market and its key components. The research offers perceptions on the drivers of market growth. Horticulture Lightings, company prospects, encouraging growth regions, and projected growth rates through 2028. This paper looks at other important characteristics of regional markets in addition to the drivers and restraints of revenue growth, production and consumption patterns, shifting consumer tastes, and strict regulatory standards. According to the analysis, one of the key factors for the market's likely fall in the upcoming years is the present pandemic. The pandemic has had a significant impact on business, which has negatively changed demand trends and market dynamics. The pandemic's financial challenges have slowed down corporate growth across the board and impacted international supply lines.
The study examines both the present environment and historical data to accurately forecast the keyword industry for the upcoming years. The research also offers a thorough analysis of the variables that may either help or impede market expansion in the upcoming years. The research provides a detailed analysis of the pandemic's overall impact on the Horticulture Lighting Market and its major categories. The paper also talks about how the pandemic has affected certain market segments. Additionally, it assesses the pandemic's present and potential effects on the keyword market. The report was created after conducting a great deal of primary and secondary research with the intention of giving readers and businesses a competitive advantage over their counterparts in the sector.
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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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report also studies the key companies of the Horticulture Lighting market along with analysis of their business strategies, MA activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting
The report further divides the Horticulture Lighting market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Horticulture Lighting market.
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On the basis of type, the market is segmented into
Lighting Type Outlook (Revenue, USD Billion; 2018–2028)
- Interlighting
- Toplighting
Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Others
Application Outlook (Revenue, USD Billion; 2018–2028)
- Indoor farms
- Vertical farms
- Greenhouses
- Others
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.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Horticulture Lighting market?
What are the key product types and applications of the Horticulture Lighting industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Horticulture Lighting market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Horticulture Lighting Market by 2027?
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