Europe Horticulture Lighting Market to Observe Prominent CAGR of 19.1% by 2030, Size, Share, Trends, Growth and Competitive Outlook

Data Bridge Market Research analyses that the Horticulture Lighting Market, valued at USD 3,614.21 million in 2022, will reach USD 14,632.12 million by 2030, growing at a CAGR of 19.1% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Horticulture lighting is used in indoor farming as an additional source of light for crops in place of natural daylight. It supports and enhances the growth of the plants by giving them artificial light. Greenhouses, vertical farming, and indoor farming are just a few urban farming applications that use horticulture lighting.  LED lights are the most cutting-edge horticulture technology because they provide customers with simple installations and affordable solutions. The weather change also increases the need for horticulture lights to maintain a controlled agricultural environment. The adoption of horticulture lights like LED is anticipated to rise as more farms and food supplier’s open shop.

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The core objective of the Europe Horticulture Lighting Industry Report is to provide a comprehensive understanding of the primary goals within the Europe Horticulture Lighting market. This report delves into the crucial aspects that can enhance your sales considerably, including insights into competition, market trends, potential new products, and valuable information.

Key areas covered in the report are:

• Determining factors influencing the size and growth rate of the Europe Horticulture Lighting market.
• Analyzing significant changes expected in the Europe Horticulture Lighting Market in the near future.
• Identifying noteworthy competitors operating in this market.
• Exploring the future scope and product outlook of the Europe Horticulture Lighting Market.
• Identifying emerging markets that hold potential for future growth.
• Addressing the challenging obstacles and threats present in the market.
• Presenting sales data and profiles of leading Europe Horticulture Lighting manufacturers worldwide.

Key players operating in the Europe Horticulture Lighting market include:

Heliospectra AB (Sweden), excite LED Grow Lights (Switzerland), UPSHINE Lighting (China), TESLUX Lighting s.r.o. (Czechia), Hortisystems UK Ltd (U.K.), Ronfell Group (U.K.), General Electric (U.S.), Agrolux (Netherlands), Samsung (South Korea), Hortilux Schréder (Netherlands), ams-OSRAM International GmbH. (Germany), Signify Holding (Netherlands), Forge Europa (U.K.), TE Connectivity (Switzerland), Cree LED (U.S.), Valoya (Finland), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), Gavita (Netherlands).

Recent Developments

• In 2022, GE Current changed its name to expand its product line and distribution capabilities and bought Hubbell Lighting. The current name change was motivated by the acquisition. Arize horticultural lighting is one of the Hubbell and Current products that will be marketed under the Current brand. The company Current produces most horticultural lighting fixtures in Hendersonville, North Carolina. The purchase of Hubbell will aid them in overcoming supply chain difficulties. The Current claims that there has been a significant rise in demand for lighting solutions worldwide. The company is actively launching several new products to keep up with demand.
• In 2022, Signify and Perfect Plants are collaborating more on cannabis. With two new climate cells, the Philips GrowWise Control System, and dimmable Philips GreenPower LED toplighting compact grow lights, a light system that can function effectively and efficiently throughout the entire growth cycle is now available. Perfect Plants recently invested in facilities for research and production to compete for a Dutch license for the legal cultivation of cannabis. Signify offers expert knowledge and adaptable GreenPower LED systems.

Europe Horticulture Lighting Market Segmentations:

Offering

• Hardware
• Software
• Services

Technology

• Fluorescent Lamps
• CFL Lights
• T5
• High Intensity Discharge Lights
• MH (Metal Halide)
• HPS (High-Pressure Sodium)
• LED Lights
• Other
• Xenon
• Plasma
• Induction ligting

Lighting Type

• Top Lighting
• Inter Lighting
• Photoperiodic Lighting
• Supplemental Lighting
• Sole-Source Lighting

Cultivation

• Fruits & Vegetables
• Floriculture
• Cannabis

Installation Type

• Turnkey
• New Installations
• Retrofit Installations

Application

• Greenhouses
• Vertical Farming
• Indoor Farming
• City Farming
• Others

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Horticulture Lighting Market Regional Analysis/Insights

The horticulture lighting market is analysed and market size insights and trends are provided by offerings, deployment, technology, lighting type, cultivation, installation type, and application as referenced above.

The countries covered in the horticulture lighting market report are France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

It’s in your best interest to take this report into consideration because:

• Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
• A complete picture of the competitive scenario of the Europe Horticulture Lighting market is depicted by this report.
• The wide range of research on how these innovations may affect market expansion in the future.
• The report’s findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
• The potential, threats, and difficulties in the Europe Horticulture Lighting market, as well as the factors driving and restraining it, are discussed at length.
• It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
• This study provides a number of strategic business approaches to assist you in making educated business decisions.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=europe-horticulture-lighting-market

Browse More DBMR Reports:

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https://www.databridgemarketresearch.com/reports/north-america-horticulture-lighting-market

https://www.databridgemarketresearch.com/reports/asia-pacific-horticulture-lighting-market

https://www.databridgemarketresearch.com/reports/middle-east-and-africa-horticulture-lighting-market

https://www.databridgemarketresearch.com/news/europe-horticulture-lighting-market

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