Horticultural Lighting Market Major Threats, Post-Epidemic, Recent Innovations and Technological Advancements -2030-Market Writeuo

Introduction:

Horticultural lighting is a system designed to provide unique and light intensity to ensure the effective growth of plants such as crops, fruits, vegetables and flowers. By providing artificial light for photosynthesis, you can grow plants without daylight. It stimulates plant growth by adjusting the light according to the LED lighting criteria that increase crop yields throughout the year. Garden lighting systems are useful in urban agriculture, multi-layered farming, indoor farming, vertical farming, greenhouse, daylight saving, additional lighting, etc.

The market is gaining momentum due to its wide range of applications such as low vegetable prices, low energy consumption, better quality, improved production and vegetable efficiency. Due to the high demand for fruit and vegetable systems in agriculture, investment in this market is increasing. Awareness of the government’s sustainability and efforts to improve fruit and vegetable development is encouraging international investors to invest in the market.

The fruit and vegetable light market is expected to grow at a high CAGR by 2030. It is now experiencing significant growth worldwide and predicts enormous opportunities for leading players in this market.

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Key drivers;

The government’s initiative to adopt advanced and automated technologies in agriculture is stimulating the global demand for fruit and vegetable systems. Horticultural lighting improves crop yields, efficiency and growth, and helps to provide better yields even in extreme weather conditions by providing artificial weather conditions according to the needs of different crops.
Rapid population growth in many emerging economies is creating a strong demand for food. Growing fruits and vegetables helps to meet the world’s food needs by increasing market growth and increasing crop production.

Garden lighting market

Awareness of sustainability and rapid crop supply among producers is not conducive to climate change, but accelerates demand for fruit and vegetable lighting systems as it helps to produce faster and better crops, flowers, fruits and vegetables.

The demand for vertical and indoor farming to grow crops under LED lighting in the absence of pesticides is expected to lead to a lucrative growth in the horticultural lighting market.

Key restrictions;

The cost of one-time installation of LED lighting technologies is high, which may not be affordable for small manufacturers and farmers.

In horticultural lighting systems, there are restrictions on the development of limited crop varieties that hinder market growth.

Effect of Covidy-19:

The CVD-19 epidemic has had a gradual impact on this market. The outbreak has disrupted production units, supply chains, distribution, warehousing and transportation facilities, affecting the work of many horticultural producers and sellers. The effect was that before the outbreak, the fruit and vegetable market was overcrowded. In the past, producers of cholera virus have seen a decline in production, distribution, and profitability due to government shutdowns.

Manufacturers are now recovering their losses by using various strategies to deal with the current crisis. Acceptance of new and improved strategies and methods has created a favorable environment for producers as sales of fruits and vegetables increase. The market is projected to see significant growth in the epidemic and drive further opportunities for social distance to control infrared sensors, germs and UVC LEDs.

Regional-wise forecast

Europe is expected to continue the fast-growing CAGR in France until 2030, thanks to greenhouses, urban agriculture, domestic farming and vertical farming. Following the government’s understanding of sustainable development, the government is increasing its growth opportunities in Germany in an effort to develop this system. Europe accounts for about a third of the market for gardening lighting. Increasing automation in agricultural practices is increasing demand for fruit and vegetable systems in Italy and France. Some of the reasons for growing demand in Europe include population growth, urban development, and investment in gardening. The growing population of Europe is creating energy to import fruits and vegetables from Africa and Asia in the form of ice.

In addition to Europe, China is expected to see significant market growth with population growth and urbanization. The growing population needs more vegetables to feed the growing population. On the other hand, the increase in greenhouse gas emissions in India is having a negative impact on the climate, which in turn is affecting agricultural production. Horticultural lighting systems provide an artificial environment that allows them to grow rapidly to meet their needs. Asia Pacific predicts that it will be the second largest market in the world by 2030.

In addition, the growth of automated farming methods in the United States and Mexico, such as indoor and vertical farming, is expected to provide opportunities for market players in North America to gain greater growth in this market. The market is booming in the United States as a result of government awareness programs and other initiatives to increase investment in gardening lighting systems. North America is expected to record the highest CAGR rate over the forecast period.

Despite the favorable climate in Latin America, LED markets are projected to grow exponentially, increasing food demand, population growth and concerns.

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Market division;

By:

  • Hardware
  • Software
  • Services

In technology;

  • Fluorescent
  • High intensity flow
  • LED
  • Others

By type of lamp

  • Highlighting
  • Hacking

By developing –

  • Vegetables and fruits
  • Flower farm

By application:

  • Green House
  • Vertical farm
  • Indoor farming

By region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive landscape;

The horticultural lighting market is relatively fragmented. Many new entrants are joining this market by creating a narrower space. Leading players in this market are incorporating both organic and non-organic strategies and practices to guide the global market for fruits and vegetables.

Some of the leading manufacturers in this market are Signify Holdings, Gavita Corporation, GE Lighting, Osram GmbH, Agrolux Limited, Heliospectra AB Corporation, Hortilux Schreder Corporation, Lumileds Limited, PARsource Corporation, Illumitex Limited, TESLUX Lighting Systems Private Limited, Samsung, Forge Europe. , Chromaster LED, Tei Connections Limited, Dicon Lighting, Valya Corporation, Everlight Corporation, BSLD Manufacturing Limited, Hubble Corporation, Maxgro Ltd., Brigiglux Limited, Ain Horticlex, Lumigrow, Opto Semi. LED GmbH etc.

These key players are investing in research and development and are bringing improvements and improvements in gardening lighting systems. They focus on strategic alliances, expansion, product improvements, automation technologies, joint ventures, integration and innovation, new product launches, innovations, etc. to gain the largest market share and improve their profitability in the market.

For example, Heliospectra AB expanded its LED solutions to include ELIXIA 600W high-voltage adjustable light bulbs for use in home gardening applications. The company established a research and development institute in Sweden to improve its production and market position.

In addition to Heliospectra, Hortilus Schreider has partnered with LetsGrow for the HortiSense software platform to collect and analyze data from greenhouse sensors that allow their customers to connect their data to the hortisense software platform. This partnership has led to the company’s global expansion by providing digital solutions to Green House customers. Agrolux, in turn, has partnered with Natural Fresh Farms to provide flexible installation systems for additional lighting. It has increased the average light output to produce the best quality vegetables every year. This partnership has strengthened the corporation’s image among customers.

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