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 Report Here: 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.)

Releted links:

CCTV Camera Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2029

Smart Display Market Final Industry Size, Growth, Share, Demand, Trends, Competitive Environment and Forecasts Until 2029

Biometric System Market By 2029 Size, Appearance, Geographical Segmentation, Business Challenges and Opportunities

Smart Plug Market Size, Gross Margin, Trends, Future Demand, Analysis by Top Players and Forecast to 2029

Artificial Intelligence Camera Market Key Drivers, Constraints, Industry Size and Share, Opportunities, Trends and Forecasts to 2029

Microduct Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2029

About Us: 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com