According to the research report, the global agricultural lighting market was valued at USD 11,800.22 million in 2023 and is expected to reach USD 33,158.07 million by 2032, to grow at a CAGR of 12.40% during the forecast period.
Market Overview:
The Agricultural Lighting Market is a rapidly evolving sector driven by the need for sustainable and efficient farming practices. Agricultural lighting refers to specialized lighting solutions designed to optimize plant growth and yield in controlled environments such as greenhouses, vertical farms, and indoor farming facilities. These lighting systems, which include LED, fluorescent, and high-intensity discharge (HID) lights, provide tailored wavelengths that mimic natural sunlight, promoting photosynthesis and improving crop quality.
The increasing global demand for food, coupled with the shrinking availability of arable land, has encouraged the adoption of modern agricultural practices. Agricultural lighting plays a pivotal role in facilitating year-round crop production, reducing reliance on weather conditions, and enhancing the sustainability of farming operations.
Key Trends:
The Agricultural Lighting Market is shaped by several emerging trends that are driving innovation and adoption:
- Advancements in LED Technology: LED lighting continues to dominate the market due to its energy efficiency, longer lifespan, and ability to provide customizable light spectra tailored to specific crops.
- Integration of IoT and Smart Systems: IoT-enabled lighting systems allow farmers to monitor and control lighting remotely, optimizing energy use and ensuring optimal growth conditions.
- Focus on Crop-Specific Lighting Solutions: Manufacturers are developing lighting solutions tailored to the needs of specific crops, enhancing productivity and quality.
- Adoption of Automation in Farming: Automated systems that integrate lighting with other environmental controls, such as temperature and humidity, are gaining popularity in smart farming operations.
- Expansion of Vertical Farming: The growth of vertical farming, particularly in urban areas, is boosting demand for innovative lighting systems capable of supporting multi-layered crop cultivation.
Major Key Players:
- Helliospectra AB
- LumiGrow Inc.
- Hortilux Schréder
- Eye Hortilux
- Signify Holding
- ams-OSRAM GmbH
- Gavita International B.V.
- Valoya
- California LightWorks
- DeLaval
- CBM Lighting
- Heliospectra AB
- Hortilux Schréder
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/agricultural-lighting-market
Recent Developments:
- In January 2023, Energous Corporation and OSRAM announced a collaboration to develop a wirelessly charged light sensor tailored for controlled-environment agriculture and vertical farming. This innovation aims to enhance the efficiency and functionality of lighting systems in modern farming practices.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Agricultural Lighting Market, Offering Outlook (Revenue, USD Million, 2019-2032)
- Hardware
- Software
- Services
Agricultural Lighting Market, Light Source Outlook (Revenue, USD Million, 2019-2032)
- HID
- LED
- Others (xenon, plasma, and induction lightning)
Agricultural Lighting Market, WattageOutlook (Revenue, USD Million, 2019-2032)
- Below 50W
- 50-150W
- Below 150W
Agricultural Lighting Market, Installation Type Outlook (Revenue, USD Million, 2019-2032)
- New
- Retrofit
Agricultural Lighting Market, Sales Channel Outlook (Revenue, USD Million, 2019-2032)
- Retail/ Wholesale
- Direct Sales
- Online/ E-commerce
- Other Sales Channel
The future of the Agricultural Lighting Market looks promising as technological advancements and sustainability concerns continue to reshape the agricultural landscape. Innovations in lighting technology, such as dynamic spectrum control and wireless connectivity, will further enhance the efficiency and effectiveness of agricultural lighting systems.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Irrigation Automation Market Trends