The latest research report by Emergen Research, named ‘Global Horticulture Lighting Market - Forecast to 2028’, entails a comprehensive review of the global Horticulture Lighting market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The research includes a thorough examination of this industry and concentrates on the market's overall compensation over the anticipated time frame. The global economy is under attack from the health crisis, which has disrupted the operation of this specific industry. The market intelligence study examines the global market share, projected growth rate, anticipated market trends, entry-level obstacles, fundamental market drivers, restraints, challenges, and opportunities in greater detail. The study provides a detailed definition of the global market position for Horticulture Lightings. The study is a great resource for information about the Horticulture Lighting business because it provides comprehensive insights into the market's geographic spectrum.

The global horticulture lighting market size is expected to reach USD 11.27 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for environmentally friendly and energy-efficient Light-Emitting Diode (LED) systems in horticulture to maximize crop yield and reduce energy consumption. Development of new and more advanced technologies related with smart agriculture is expected to drive growth of the global horticulture lighting market going ahead. Increasing concerns regarding global food security owing rapidly increasing global population and limited availability of arable land are factors expected to open up more lucrative opportunities for players operating in the greenhouse and indoor farming space, and drive demand for horticulture lighting in greenhouses and indoor farms over the forecast period.

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Key Companies Profiled in the Report are

Signify, Gavita International B.V., Heliospectra, Osram Licht AG, California Lightworks, Valoya, LumiGrow, Hortilux Schréder, EYE HORTILUX, and ILUMINAR Lighting

Global Horticulture Lighting Market Geographical Landscape - Synopsis:

• The report closely studies the growth trajectory of the global Horticulture Lighting market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
• The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
• Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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The report also presents the analytical information in a well-organized fashion divided into graphs, tables, charts, figures, and diagrams. This makes it simple and useful for readers to comprehend the market situation. The research also tries to convey a forward-looking perspective and reach an insightful conclusion to help the reader make profitable business decisions. In summary, the report offers a thorough analysis of the market segments anticipated to dominate it, the regional division, the estimated market size and share, as well as a thorough SWOT analysis and Porter's Five Forces Analysis.

On the basis of type, the market is segmented into

• Lighting Type Outlook (Revenue, USD Billion; 2018–2028)

  • Interlighting
  • Toplighting

• Lighting Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Light-Emitting Diode (LED)
  • High-Intensity Discharge (HID)
  • Others       

• Application Outlook (Revenue, USD Billion; 2018–2028)

  • Indoor farms
  • Vertical farms
  • Greenhouses
  • Others

Unfolding the prime factors prompting global market growth:

• The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Horticulture Lighting market into a broad product spectrum.
• The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
• A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.

Elucidating the competitive landscape of the Global Horticulture Lighting Market:

• The global Horticulture Lighting market report offers viable insights into the competitive spectrum of the Horticulture Lighting business sphere.
• The report systematically profiles the company information of each market player.
• It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
• The study showcases the extensive product portfolios of the prominent market contenders.
• It offers critical data & information about the product application scope and the end-user landscape.
• The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.

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