Horticulture Lighting Market Subjected to Expand Moderately by 2024
Posted by Minakshi on February 22nd, 2021
The Global Horticulture Lighting Market is expected to reach USD 34.586 Million by 2024 at a CAGR of 19.17% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years. There are different types of lighting applications and characteristics used in horticulture including photoperiodic lighting, supplemental lighting, sole-source lighting. Lamps in horticulture lighting operate for 18 to 24 hours continuously. In this rapidly progressing environment, legalization of Cannabis for medicinal purposes, a steady supply of crops despite unfavorable weather conditions for farming across geographies are contributing to the growth of the electronic industry which is driving the growth in the horticulture lighting market.
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/7840
The Key Players of Global Horticulture Lighting Market are Signify (Philips Lighting) (Netherlands), Gavita (Netherlands), GE Lighting (US), Osram (Germany), Agrolux (Netherlands), Heliospectra (Sweden), Hortilux Schreder (Netherlands), Lumileds (Netherlands), resource (US), and Illumitex (US) among others.
The Global Horticulture Lighting Market has been segmented based on Technology, Lighting Type, Cultivation, Application and Region.
Based on lighting type, the market has been classified into top lighting and interlighting. The top lighting segment accounted for the larger market share in 2018, with the highest market value. Top lighting is used in horticulture to provide appropriate light from the top end to the plants. This lighting pattern can be adjusted as required by the plant. There are two types of top lighting: LED toplighting and High-Pressure Sodium (HPS) to lighting. Interlighting is the process of placing light sources close to crops or within a canopy to lighten up the leaves that would normally receive less natural or supplemental light.
Based on cultivation, the market has been classified into fruits & vegetables and floriculture. The fruits & vegetables segment accounted for the larger market share in 2018, with the highest market value. Fruits and vegetables need more light as compared to other plants. Artificial light is used to improve the yield, quality, and taste of fruits and vegetables. Floriculture is a process of cultivation of flowering and ornamental plants for gardens and in floristry. Floriculture crops include bedding plants, houseplants, flowering gardens, pot plants, cut cultivated greens, and cut flowers.
Based on application, the market has been divided into greenhouse, vertical farming, indoor farming, and others. The greenhouse segment accounted for the larger market share in 2018, at a steady CAGR. Greenhouse horticulture is the production of crops using greenhouses, glasshouses, shade houses, screen houses and crop top structures under modified growing conditions. Vertical farming is a technique in which plants are grown in vertically stacked planting beds stored in a controlled and indoor environment. Indoor farming is the method of growing plants on large scale indoors. These plants are entirely dependent on artificial lights facilitated by LEDs and lamps.
About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
Like it? Share it!
About the AuthorMinakshi
Joined: January 28th, 2021
Articles Posted: 259
More by this author