The horticulture
lighting market has witnessed remarkable growth in recent years, driven by
the increasing adoption of indoor and vertical farming practices, as well as
the growing demand for year-round cultivation of crops. Horticulture lighting,
which encompasses various technologies like LED, high-intensity discharge
(HID), and fluorescent lights, plays a pivotal role in providing the optimal
light spectrum for plant growth and development.
Read More On The Horticulture
Lighting Market ReportHere: https://www.fortunebusinessinsights.com/horticulture-lighting-market-106903
This technology allows cultivators to tailor light
conditions according to specific crop requirements, enhancing yield, quality,
and energy efficiency. As sustainable agricultural practices gain traction,
horticulture lighting solutions offer the potential to address food security
challenges by enabling precise control over environmental factors. With
advancements in smart lighting systems and a focus on maximizing resource
utilization, the horticulture lighting market is poised to continue its
expansion and innovation to meet the evolving needs of modern farming.
The Horticulture Lighting Market size will grow from USD
5.41 billion in 2021 to USD 19.87 billion by 2029 at a compound annual
growth rate (CAGR) of 18.1%.
TOP KEY PLAYERS:
·
Bridgelux Inc. (U.S.)
·
LumiGrow Inc. (U.S.)
·
EYE Hortilux (U.S.)
·
Maxigrow Ltd (U.K.)
·
Signify Holding
(Philips Lighting) (Netherlands)
·
GE Lighting (U.S.)
·
Hortilux Schreder
(Netherlands)
·
Osram Licht AG
(Germany)
·
Gavita International
BV (Netherlands)
·
Lumileds (U.S.)
·
Hubbell Lighting
(U.S.)
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