Global Smart Horticultural Lighting Market Insights, Forecast to 2028

Market Analysis and Insights: Global Smart Horticultural Lighting Market
Smart LED lighting gives planters the ability to control the color and intensity of light, optimizing their impact on crops and monitor the real-time data on growth features. Smart sensors also constantly gather real-time data about light and growth conditions.

Due to the COVID-19 pandemic, the global Smart Horticultural Lighting market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, HPS accounting for % of the Smart Horticultural Lighting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial Greenhouse segment is altered to an % CAGR throughout this forecast period.

China Smart Horticultural Lighting market size is valued at US$ million in 2021, while the US and Europe Smart Horticultural Lighting are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Smart Horticultural Lighting landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.

The global key manufacturers of Smart Horticultural Lighting include Osram, Signify, General Electric, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree and Illumitex, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

Market Segments

The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.

Segment by Type

HPS

Metal Halide

Fluorescent

LED

Segment by Application

Commercial Greenhouse

Indoor Growing Facilities

Others

Consequence of Covid-19 Pandemic

The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and sales/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Smart Horticultural Lighting market back to the pre-covid levels.

Trends & Prospects

In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.

By Region

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Colombia

Middle East & Africa

Turkey

Saudi Arabia

UAE

Competitive Outlook

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

Osram

Signify

General Electric

Everlight Electronics

Gavita

Hubbell Lighting

Kessil

Cree

Illumitex

Lumigrow

Senmatic A/S

Valoya

Heliospectra AB

Cidly

Ohmax Optoelectronic

AIS LED Light

Vipple

Growray

California Lightworks

VANQ Technology

Yaham Lighting

PARUS

Frequently Asked Questions

Which is the most lucrative product segment in the Smart Horticultural Lighting market?

Which are the prominent strategies of the Smart Horticultural Lighting market players?

Which factors are increasing the competition in the Smart Horticultural Lighting market?

Which are the recommendations provided by the Smart Horticultural Lighting industry experts?

Which region will witness rewarding growth during the forecast period?

What factors will curb the Smart Horticultural Lighting market growth?

Which product segment will register the fastest growth rate in the Smart Horticultural Lighting market?

Which emerging trends will impact the Smart Horticultural Lighting market growth?

Which are the high-impact rendering factors in the Smart Horticultural Lighting market?

Which companies will maintain their lead on the Smart Horticultural Lighting market?