North America Horticulture Lighting Market is segmented into fruits, vegetables and floriculture.
North America Horticulture Lighting Market – Industry Trends and Forecast to 2027
Horticulture Lighting Market, By Offering (Hardware, Software and Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits and Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others) - Industry Trends and Forecast to 2029.
Market Analysis and Insights: North America Horticulture Lighting Market
· North America Horticulture Lighting Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 18.02% in the forecast period of 2020 to 2027 and expected to reach USD 7,834.02 million by 2027 from USD 2,139.33 million in 2019. Increasing concern about pollution and depleting fossil fuel sources are the factors for the market growth.
North America Horticulture Lighting Market Scope and Market Size
· On the basis of offering, the market is segmented into hardware, software, and services. The indoor and vertical farming technology has the basic requirement of hardware for the cultivation of crops. This basic requirement of the hardware to build indoor and vertical farms is the major factor which helps the hardware segment to dominate the horticulture lighting market.
· On the basis of deployment, the market is segmented into turnkey solutions and retrofit solutions. The turnkey has the largest market share as it offers enhanced crop yields to the farmers.
· On the basis of lighting type, the market is segmented into toplighting, interlighting, photoperiodic lighting, supplemental lighting and sole-source lighting. The toplighting segment is accounted with the largest market share as it acts as an important source for the plant growth helping the plant to prepare their food through artificial method.
· On the basis of cultivation, the market is segmented into fruits, vegetables and floriculture. Vegetable segment is expected to dominate the horticulture lighting market as the rising demand for the fresh vegetables and fruits has tends to increase the production of these vegetables. Moreover, these vegetables are easily grown in the controlled lighting conditions. In addition to this, the changes in the lifestyles of the developing countries become more conscious to their health. As these vegetables have high amount of nutritional value which further increase its demand in the coming future.
· On the basis of technology, the market is segmented into high-intensity discharge (HID), fluorescent and others. The high-intensity discharge (HID) has growing with the highest share as it provides maximum yield by producing perfect UV rays intensity. This helps the crops to develop photosynthesis process which results in better crop growth at indoor location.
· On the basis of application, the market is segmented into greenhouses, vertical farming, indoor farming and others. Indoor farming is dominating the market, as it is most preferable method of cultivation. Indoor farming or urban farming is the method of crop cultivation entirely in the indoor conditions. This farming method often utilizes crop growing methods such as aeroponics, hydroponics which uses artificial light to supply the essential nutrients and light concentrations needed for the growth of crops. Indoor farming is being used on a larger scale to fulfil the demand of local food supply.
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North America Horticulture Lighting Market Regional Analysis/Insights
· The countries covered in the horticulture lighting market report are U.S., Canada and Mexico.
Competitive Landscape and North America Horticulture Lighting Market
· The North America Horticulture Lighting Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America Horticulture Lighting Market.
Some of the major players operating in the North America Horticulture Lighting Market are
· Signify Holding,
· SAMSUNG,
· Cree,
· Inc,
· OSRAM GmbH
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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· Europe North America Horticulture Lighting Market, By Offering (Hardware, Software & Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits & Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe) – Industry Trends and Forecast to 2027
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· North America North America Horticulture Lighting Market, By Offering (Hardware, Software & Services), By Deployment (Turnkey, Retrofit), By Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), By Lighting Type (Toplighting, Interlighting), By Cultivation (Fruits & Vegetables, Floriculture), By Application (Greenhouses, Vertical Farming, Indoor Farming, Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2027
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· Asia-Pacific Horticulture Lighting Market, By Offering (Hardware, Software and Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits and Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others) - Industry Trends and Forecast to 2029.
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· Middle East & Africa North America Horticulture Lighting Market, By Offering (Hardware, Software & Services), Deployment (Turnkey, Retrofit), Technology (Fluorescent Lamps, HID Lights, LED Lights, Other), Lighting Type (Toplighting, Interlighting), Cultivation (Fruits & Vegetables, Floriculture), Application (Greenhouses, Vertical Farming, Indoor Farming, Others), Country (Middle East & Africa, South America, Middle East & Africa, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2027
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