• October 18, 2018

$6.2 Billion Horticulture Lighting Market by Technology, Application, Cultivation, Lighting Type, Offering, and Region - Global Forecast to 2023 - ResearchAndMarkets.com - Odessa American: Business

e-Edition Subscribe

$6.2 Billion Horticulture Lighting Market by Technology, Application, Cultivation, Lighting Type, Offering, and Region - Global Forecast to 2023 - ResearchAndMarkets.com

Font Size:
Default font size
Larger font size

Posted: Monday, September 24, 2018 6:02 am | Updated: 6:31 am, Mon Sep 24, 2018.

DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The "Horticulture Lighting Market by Technology, Application, Cultivation, Lighting Type, Offering, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023, at a CAGR of 20.61% from 2018 to 2023.

The rapid population growth, availability of limited agriculture land, steady supply of crops despite unfavorable weather conditions for farming across geographies, government initiatives to support adoption of energy-efficient LEDs in horticulture, increased year-round high-quality yield, and legalization of cannabis for medicinal purposes are the major driving factors for the horticulture lighting market growth.

Retrofitting traditional light sources with LED grow lights and increasing awareness about vertical and indoor farming are the major opportunities in the horticulture lighting market. On the other hand, the high cost of energy-efficient LED grow light technologies, and the feasibility of cultivating a limited number of crop species using horticulture lights are the major challenges for the market players.

Critical questions that the report answers:

Where will all the current developments take the industry in the mid-to-long term?Will the suppliers continue to explore new avenues in the horticulture lighting market?What are the upcoming products and technologies in horticulture lighting?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Horticulture Lighting Market, By Offering

8 Horticulture Lighting Market, By Technology

9 Horticulture Lighting Market, By Lighting Type

10 Horticulture Lighting Market, By Cultivation

11 Horticulture Lighting Market, By Application

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

Signify (Philips Lighting)Gavita Holland B.V.GE LightingOSRAMAgroluxHeliospectraHortilux Schreder B.V.LumiledsPARsourceIllumitexHubbellMaxigrowBridgeluxEye HortiluxLumiGrowAXP TechnologyFluence BioengineeringShenzhen Sanxinbao Semiconductor Lighting (Evergrow)ValoyaOreonEconoluxFor more information about this report visit


View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005433/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Agriculture,Lighting Equipment,Landscaping Services



SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/24/2018 07:02 AM/DISC: 09/24/2018 07:02 AM


© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Humidity: 98%
Winds: ENE at 5mph
Feels Like: 46°

Your Extended Forecast


High 51°/Low 48°
A few showers developing late. Lows overnight in the upper 40s.


High 62°/Low 55°
Showers ending by midday. Highs in the low 60s and lows in the mid 50s.


High 63°/Low 49°
Morning showers. Highs in the low 60s and lows in the upper 40s.
Online Features

Pet Central


Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>



Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>



Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>



Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>

  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7670 to sign up today.