Horticulture Lighting Market Size And Forecast by 2031

The report further examines the innovative strategies adopted by  Horticulture Lighting Market these top players, such as embracing cutting-edge technologies, prioritizing customer-centric approaches, and optimizing operational efficiency. By analyzing case studies and real-world applications, the study demonstrates how these companies have adapted to changing market demands and regulatory landscapes. Their ability to innovate and respond to emerging challenges underscores their importance in shaping the trajectory of the Horticulture Lighting Market.

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. I

Rising demand for Horticulture Lighting Market solutions has been a primary driver of market growth, fueled by evolving consumer needs and industry-specific requirements. As companies invest in cutting-edge technologies and expand their reach, the market is set to experience significant revenue growth. This research report delves into the industry’s trends, statistics, and share, offering stakeholders valuable insights into its current performance and future potential.

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 Which are the top companies operating in the Horticulture Lighting Market?

The Top 10 Companies in Horticulture Lighting Market are prominent leaders known for their strong influence and significant market share. These include well-established companies which have built a reputation for their high-quality products and services. These companies are recognized for their innovation, customer satisfaction, and ability to adapt to market trends, playing a key role in shaping the growth and direction of the Horticulture Lighting Market.

 **Segments**

- By Technology: The horticulture lighting market can be segmented by technology into high-intensity discharge (HID) lighting, fluorescent lighting, LED lighting, and others. LED lighting is gaining significant traction in the market due to its energy efficiency and customizable spectral output, which can be tailored to different plant growth stages.
- By Application: Segmentation by application includes indoor farming, vertical farming, commercial greenhouse, research, and others. The indoor farming segment is witnessing rapid growth as it allows for year-round cultivation regardless of external environmental factors.
- By Cultivation: Cultivation segmentation covers fruits & vegetables, floriculture, cannabis, and others. The cannabis industry is a key driver of the horticulture lighting market as it requires precise lighting conditions for optimal growth and potency of the plants.

**Market Players**

- Signify Holding (Philips Lighting)
- General Electric Company
- Osram Licht AG
- Gavita International B.V.
- Heliospectra AB
- Lumileds
- Hortilux Schréder B.V.
- Illumitex
- LumiGrow
- Agrolux

The horticulture lighting market is witnessing robust growth due to the increasing adoption of controlled environment agriculture practices and the growing trend of indoor farming. LED lighting technology is becoming the preferred choice for horticultural applications as it offers energy efficiency, long lifespan, and the ability to customize light spectra based on plant requirements. The demand for horticulture lighting is also being driven by the legalization of cannabis cultivation in several regions, which requires precise lighting conditions to optimize plant growth and yield.

The indoor farming segment is experiencing rapid expansion as it provides a solution to limited arable land availability and allows for year-round production of crops. Vertical farming, a subset of indoor farming, is gaining popularity as it offers high crop yields in a compact space while reducing water usage and carbon emissions. Commercial greenhouses are also adopting advanced lighting systems to enhance crop quality and increase productivity.

The horticulture lighting market is a dynamic sector with significant growth potential driven by technological advancements and evolving cultivation practices. Market players such as Signify Holding, General Electric, and Osram Licht AG are at the forefront of innovation, developing cutting-edge lighting solutions tailored to the specific needs of plants in controlled environments. The shift towards LED lighting technology has been a game-changer in the industry, offering energy-efficient and customizable lighting options that can significantly impact plant growth and yield.

The segmentation of the horticulture lighting market based on technology highlights the importance of choosing the right lighting solutions for optimal plant development. LED lighting has emerged as a preferred choice due to its energy efficiency and spectral control capabilities, allowing growers to fine-tune light wavelengths to suit different stages of plant growth. This level of customization is crucial for maximizing crop yield and quality, particularly in high-value crops like cannabis and specialty floriculture.

In terms of applications, the indoor farming segment is witnessing rapid growth as it offers a sustainable solution to traditional farming challenges such as limited land availability and climate variability. The ability to cultivate crops year-round in a controlled environment not only ensures consistent production but also reduces the reliance on pesticides and herbicides. Vertical farming, a subset of indoor farming, is gaining traction for its space-efficient design and resource-saving features, making it an attractive option for urban agriculture initiatives.

The cultivation segment further emphasizes the diverse range of crops that benefit from advanced horticulture lighting solutions. Fruits, vegetables, floriculture, and cannabis each have specific lighting requirements to optimize growth, flowering, and fruiting processes. The cannabis industry, in particular, has been a significant driver of innovation in horticulture lighting, with growers seeking precision lighting systems to achieve desired cannabinoid profiles and maximize yields.

Overall, the horticulture lighting market is poised for continued growth as the global population expands, and food security becomes a pressing issue. The convergence of technology, sustainability, and agriculture is reshaping the way we grow and consume food, with**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)
- The Ronfell Group (U.K.)

The horticulture lighting market is experiencing a significant upsurge due to the increasing adoption of controlled environment agriculture practices and the rise of indoor farming. LED lighting technology has emerged as the preferred choice for horticultural applications, offering energy efficiency, customizable light spectra, and long lifespan benefits. The sector is witnessing remarkable growth driven by technological advancements and evolving cultivation practices. Market leaders such as Sign

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Key Insights from the Global Horticulture Lighting Market :

• Comprehensive Market Overview: The Horticulture Lighting Market is witnessing rapid growth, fueled by innovation and an increasing shift towards digital solutions.
• Industry Trends and Projections: The market is forecasted to grow at a CAGR of X%, with trends such as automation and sustainability gaining momentum.
• Emerging Opportunities: Growing demand for personalized and green technologies offers emerging business opportunities for new entrants.
• Focus on R&D: Companies are heavily investing in research and development to create next-generation solutions and maintain competitive edges.
• Leading Player Profiles: Dominant players the market with their advanced offerings and strategic expansions.
• Market Composition: The market is a mix of established industry giants and innovative startups, fostering competition and rapid innovation.
• Revenue Growth: Consistent revenue growth is driven by rising consumer demand, technological advancements, and new product introductions.
• Commercial Opportunities: Expanding into untapped regions and investing in emerging technologies presents substantial commercial opportunities for businesses.

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