Global Horticulture LED Lighting Market Size & Trends

2022-06-21 08:54:55 UTC | Others
Global Horticulture LED Lighting Market Size & Trends

According to a new market research report published by Global Market Estimates, the Global Horticulture LED Lighting Market is projected to grow from USD 3.2 billion in 2022 to USD 10.8 billion in 2027 at a CAGR of 9.3% from 2022 to 2027.

The major driver in the horticulture LED lighting market is the increase in disposable income of developing countries. Many consumers are relying on homegrown fruits and vegetables. This increases demand for greenhouses vertical and indoor farms. Horticulture lighting is energy efficient and the energy consumption is less than regular farming. These advantages drive the market during the forecast period.

Browse 153 Market Data Tables and 113 Figures spread through 185 Pages and in-depth TOC on “Global Horticulture LED Lighting Market - Forecast to 2027’’  

Signify Holding, Gavita, Valoya, Osram, LumiGrow Inc., Savat Company, Hubbell, Iluminar Lighting, and Agrolux, among others, are key players in the horticulture LED lighting market.

Technology Outlook (Revenue, USD Billion, 2022-2027)

·         Fluorescent

·         HID

·         LED

Vertical Outlook (Revenue, USD Billion, 2022-2027)

·         Greenhouses

·         Vertical Farms

·         Indoor Farms

Regional Outlook (Revenue, USD Billion, 2022-2027)

North America                                                                                 


Asia Pacific

Central & South America

Middle East & Africa


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