Horticulture Lighting Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

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The European region emerged as a major horticulture lighting market in 2019, since the fruits, flower, and vegetable production and exports in the region are the highest.

It is due to the rising adoption of LEDs in the agricultural industry that the demand for interlighting is growing. Owing to the low energy coefficient, LEDs provide ideal environment for the growth of the plant, without causing any harm to them. This type of illumination further distributes lighting to all the parts of the crops rather than just lighting the top. The key applications of horticulture lighting are greenhouse farming and indoor/vertical farming.

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Since most horticulture activities occur in greenhouse farming installations, the demand for horticulture lighting was higher for this application in the past. The greenhouse area for the cultivation of vegetables rise to 1.23 million acres in 2019 from 1.21 million acres in 2017. The preference for this farming type is higher because plants are protected from hail, rain, snow, and intense heat and sunlight. This being said, the demand for horticulture lighting is also expected to rise for vertical farming in the years to come.

Geographically, the European region emerged as a major horticulture lighting market in 2019, since the fruits, flower, and vegetable production and exports in the region are the highest. Apart from this, the demand for horticulture lighting solutions is also projected rise in Asia-Pacific in the years to come because of the surging population and rising disposable income of people. The agrarian community is largely shifting towards greenhouse and indoor farming in the region.

Hence, the demand for horticulture lighting is growing due to the increasing population and need for producing adequate food products across the globe.   

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