Horticultural lighting market size, trends, company profiles, growth rate, trends and new opportunities

The growing number of mushrooms, especially in countries such as the United States, India, Brazil, and China, has led to growing demand for high productivity and increasing demand for fruit and vegetable solutions around the world. According to the latest UN estimates, the world’s population will grow from 7.7 billion by 2019 to 8.5 billion by 2030. As a result, many countries are focusing on home and greenhouse farming techniques, as these methods can be used to enhance techniques. Agricultural production.

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According to market research forecast, P&S Intelligence, Fruit and Fruit Light market revenue will grow from $ 3.2 billion in 2019 to $ 20.3 billion by 2030. The market is also expected to grow at a CAGR of 18.1% between 2020 and 2030. Lighting and interconnected garden lighting solutions predict that demand for the latter will be high in the coming years. This is due to the rapid growth of light emitting diodes (LEDs) in agriculture, which makes interconnection solutions more effective.

Due to its low energy coefficient, LEDs provide an environment conducive to crop development. In addition, LEDs require much less energy than fluorescent, incandescent and HID bulbs and are therefore widely used in garden lighting. In the coming years, Europe will be the largest market for garden lighting in the world. This is due to the region’s largest fruit, vegetable, flower and export trade. In addition, several horticultural lighting companies, such as Signify NV and Heliospectra AB, have regional headquarters.

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On the other hand, gardening lighting predicts rapid growth in the Asia-Pacific (APAC) region in the coming years. This is due to the growing number of people, growing revenues, and the growing popularity of greenhouse and home farming in the region. Moreover, players in the market have focused on developing advanced products in recent years. For example, Illumitex Inc. Launched NeoPAR-XO LED in October 2019 for fruits and vegetables.

Thus, with the growing demand for agricultural products worldwide, there is no doubt that the demand for horticulture will increase in the coming years.

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