Explosive Growth Expected in the Horticulture Lighting Market | Projected 21.1% CAGR in the Upcoming Year 2028

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Explosive Growth Expected in the Horticulture Lighting Market | Projected 21.1% CAGR in the Upcoming Year 2028
The Global Horticulture Lighting Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 21.1%.

Overview of Horticulture Lighting Market Study


The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Horticulture Lighting Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.


Report Timeline:


  • Historicalperiod: 2018 - 2021
  • Base Year:2022
  • Forecasting period:2023 - 2028

  The Report Include Answers The Following Questions:


  • What are the key drivers and trends in the industry, and how is the market structured?
  • How are the market segments divided, and what is their respective size?
  • Which segments and geographies offer the most expansion opportunities?
  • What is the competitive landscape and market positioning of the players?


Get a Free Copy of the Horticulture Lighting Market Report in PDF Format - https://www.marknteladvisors.com/query/request-sample/horticulture-lighting-market.html

  Estimation of Horticulture Lighting Market Size and Growth Until 2028


The Global Horticulture Lighting Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 21.1%.

  Geographical Breakdown of Horticulture Lighting Market:


The Horticulture Lighting market is categorized into the following regions:

  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific


Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.

  Opportunities in Horticulture Lighting Market:


Growing farm-to-table trends encouraging the need for horticulture lights - With the advent of the farm-to-table concept, access to local food in cafeterias, restaurants, food joints, and other locations has become easier and more flexible. Hence, people are now developing an affinity for locally grown foods which is why they are expected to gain popularity across different markets within the hospitality industry in the coming years. And therefore, the need for such grow lights facilitating on-time delivery of yield in the case of farm-to-table restaurants arises. Such trends owing to their significant impact, are supposed to amplify market growth.


For Further Insights, Please Visit - https://www.marknteladvisors.com/research-library/horticulture-lighting-market.html

  List of Prominent Companies in the Horticulture Lighting Market and Their Latest Investment/Development -


Signify, the behemoth in lighting, has finally acquired Fluence, one of the brands from AMS OSRAM. The acquisition seems to strengthen the global Agriculture lighting growth platform and extends the position of Signify in the attractive North American horticultural lighting market.

Other Companies – 

  • - Bridgelux Inc.
  • - EYE Hortilux
  • - Maxigrow Ltd
  • - Hortilux Schreder
  • - Osram Licht AG
  • - Gavita International BV
  • - Lumileds
  • - Agrolux
  • - PARsource
  • - Heliospectra
  • - Valoya
  • - California Lightworks
  • - LumiGrow
  • - EYE Hortilux
  • - Others

The research report extensively covers key market players and their developments in the Horticulture Lighting market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.

  Horticulture Lighting Market Analysis 2023-2028: Complete Segmentation Study 


By Application

  • Indoor Farming
  • Greenhouse
  • Vertical Farming

  By Technology

  • High-Intensity Discharge (HID)
    • LED
    • High-Pressure Sodium Lamp
  • Fluorescent
    • T5
    • CFL

  By Offering

  • Hardware
  • Software
  • Services

  By Cultivation

  • Vegetable
  • Fruits
  • Floriculture
  • Others (Medicinal plants, Aromatic, etc.)

  By Lighting Type

  • Top lighting
  • Inter lighting
  • Supplemental Lighting
  • Sole-Source Lighting
  • Photoperiodic Lighting


The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.


If You Wish to Customize the Report or Include Any Supplementary Features, Please Specify Your Preferences Here - https://www.marknteladvisors.com/query/request-customization/horticulture-lighting-market.html

  Parameters for Examining the Horticulture Lighting Market Report


  1. This study offers a comprehensive examination of the Horticulture Lighting Market, presenting valuable insights into its key patterns, advancements, drivers, and challenges. It focuses on different market segments, identifying potential milestones for growth throughout the projected timeframe.
  2. This market research report illuminates the significant factors that are shaping the dynamics of the market. It discusses the obstacles and opportunities that competitors are encountering. Furthermore, it delves into the industry's fluctuations, providing detailed insights and predictions that influence its growth in terms of market segmentation and geographical landscape.
  3. Additionally, the report conducts an in-depth analysis of the competitive structure and fragmentation within the industry. It emphasizes crucial aspects such as alliances, mergers and acquisitions, strategic loyalty, and investment. These insights provide a comprehensive understanding of the current state of the market and its future prospects.

  More Suggested Market Study Report –


  About MarkNtel Advisors


MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

  Contact us:


If you have any questions, our team of trained and professional experts is here to help. You can get in touch with us by calling, sending an email, or using our online contact form.

We will try our best to answer your request as quickly as we can and give you the details you require.


Company Name: MarkNtel Advisors


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San Francisco, CA 94131

United States

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