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Global Agricultural Lighting Market to reach USD 26.9 billion by the end of 2030.

Global Agricultural Lighting Market Size study & Forecast, by Offering (Hardware, Software, Services), by Light Source (Fluorescent, HID, LED, Others), by Wattage Type (Below 50W, 50 – 150W, Above 150W), by Installation Type (New, Retrofit), by Sales Channel (Retail/ Wholesale, Direct Sales, Online/ E-commerce), by Application (Horticulture, Livestock, Aquaculture) and Regional Analysis, 2023-2030

Product Code: OIRAL-92496791
Publish Date: 10-09-2023
Page: 200

Global Agricultural Lighting Market is valued at approximately USD 10.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.5% over the forecast period 2023-2030. Agricultural lighting refers to the use of artificial lights to help plants grow and thrive in indoor farming environments. It involves using specific types of light, such as LEDs, to provide the right amount and quality of light that plants need for photosynthesis. This lighting method is used to supplement or replace natural sunlight and can be adjusted to meet the specific needs of different crops. The goal is to optimize plant growth, increase yields, and extend growing seasons by providing plants with the right kind of light at the right time. The driving factors of the market are increasing demand for food production to meet needs of growing population and adoption

According to United Nations, the global population is projected is to reach 9.7 billion by 2050 which will require more food which will demand more agriculture to live as per the life style. According to the rapid transition in 2021, LED are up to 80% more efficient than traditional lighting such as fluorescent and incandescent lights. 95% of the energy in LEDs is converted into light and only 5% is wasted as heat. Moreover, vertical farming and urban agriculture, integration with sustainable farming practices can create more opportunities in the market. However, the cost of implementation and another factor technical skill and information hampers the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Agricultural Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market. The United States and Canada have been at the forefront of adopting advanced agricultural technologies, including agricultural lighting. The region has seen substantial investments in vertical farming, greenhouse cultivation, and indoor agriculture, driving the demand for lighting solutions. Asia Pacific is the fastest growing region in this market. Countries such as China, Japan, and South Korea have been investing in modern agriculture practices, vertical farming, and greenhouse cultivation, thereby driving the demand for agricultural lighting technologies.

Major market player included in this report are:
Signify N. V
Gavita International B.V
Valoya Oy
California Lightworks Inc
DeLaval International AB
CBM Lighting
Heliospectra AB
Hortilux Schreder
General Electric
Recent Developments in the Market:
Ø In February 2023, ams-OSRAM AG announced a collaboration using the OSLON square platform and OSLON SSL LEDs with the revolution microelectronics. A high light output and a fully programmable spectrum allows horticulturists to hone in on the specific phytochemical development and boost yield and increase terpene development
Ø In December 2021, Hortilux Collaborated with LLC DTK a Russian rose company to provide them hortilux HPS NXT2 fixtures which is the perfect match for the company requirement.
Global Agricultural Lighting Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Offering, Light Source, Wattage Type, Installation Type, Sales Channel, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

Light Source:

Wattage Type:
Below 50W
50 – 150W
Above 150W

Installation Type:

Sales Channel:
Retail/ Wholesale
Direct Sales
Online/ E-commerce

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Agricultural Lighting Market, by Region, 2020-2030 (USD Billion)
1.2.2. Agricultural Lighting Market, by Offering, 2020-2030 (USD Billion)
1.2.3. Agricultural Lighting Market, by Light Source, 2020-2030 (USD Billion)
1.2.4. Agricultural Lighting Market, by Wattage Type, 2020-2030 (USD Billion)
1.2.5. Agricultural Lighting Market, by Installation Type, 2020-2030 (USD Billion)
1.2.6. Agricultural Lighting Market, by Sales Channel, 2020-2030 (USD Billion)
1.2.7. Agricultural Lighting Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Agricultural Lighting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Agricultural Lighting Market Dynamics
3.1. Agricultural Lighting Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Demand for Food Production to Meet Needs of Growing Population Adoption of LED Technology
3.1.2. Market Challenges Cost of Implementation Technical Skill and Information
3.1.3. Market Opportunities Vertical Farming and Urban Agriculture Integration with Sustainable Farming Practices
Chapter 4. Global Agricultural Lighting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Agricultural Lighting Market, by Offering
5.1. Market Snapshot
5.2. Global Agricultural Lighting Market by Offering, Performance – Potential Analysis
5.3. Global Agricultural Lighting Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Agricultural Lighting Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global Agricultural Lighting Market, by Light Source
6.1. Market Snapshot
6.2. Global Agricultural Lighting Market by Light Source, Performance – Potential Analysis
6.3. Global Agricultural Lighting Market Estimates & Forecasts by Light Source 2020-2030 (USD Billion)
6.4. Agricultural Lighting Market, Sub Segment Analysis
6.4.1. Fluorescent
6.4.2. HID
6.4.3. LED
6.4.4. Others
Chapter 7. Global Agricultural Lighting Market, by Wattage Type
7.1. Market Snapshot
7.2. Global Agricultural Lighting Market by Wattage Type, Performance – Potential Analysis
7.3. Global Agricultural Lighting Market Estimates & Forecasts by Wattage Type 2020-2030 (USD Billion)
7.4. Agricultural Lighting Market, Sub Segment Analysis
7.4.1. Below 50W
7.4.2. 50 – 150W
7.4.3. Above 150 W
Chapter 8. Global Agricultural Lighting Market, by Installation Type
8.1. Market Snapshot
8.2. Global Agricultural Lighting Market by Installation Type, Performance – Potential Analysis
8.3. Global Agricultural Lighting Market Estimates & Forecasts by Installation Type 2020-2030 (USD Billion)
8.4. Agricultural Lighting Market, Sub Segment Analysis
8.4.1. New
8.4.2. Retrofit
Chapter 9. Global Agricultural Lighting Market, by Sales Channel
9.1. Market Snapshot
9.2. Global Agricultural Lighting Market by Sales Channel, Performance – Potential Analysis
9.3. Global Agricultural Lighting Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
9.4. Agricultural Lighting Market, Sub Segment Analysis
9.4.1. Retail/ Wholesale
9.4.2. Direct Sales
9.4.3. Online/E-commerce
Chapter 10. Global Agricultural Lighting Market, by Application
10.1. Market Snapshot
10.2. Global Agricultural Lighting Market by Application, Performance – Potential Analysis
10.3. Global Agricultural Lighting Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
10.4. Agricultural Lighting Market, Sub Segment Analysis
10.4.1. Horticulture
10.4.2. Livestock
10.4.3. Aquaculture
Chapter 11. Global Agricultural Lighting Market, Regional Analysis
11.1. Top Leading Countries
11.2. Top Emerging Countries
11.3. Agricultural Lighting Market, Regional Market Snapshot
11.4. North America Agricultural Lighting Market
11.4.1. U.S. Agricultural Lighting Market Offering breakdown estimates & forecasts, 2020-2030 Light Source breakdown estimates & forecasts, 2020-2030 Wattage Type breakdown estimates & forecasts, 2020-2030 Installation Type breakdown estimates & forecasts, 2020-2030 Sales Channel breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
11.4.2. Canada Agricultural Lighting Market
11.5. Europe Agricultural Lighting Market Snapshot
11.5.1. U.K. Agricultural Lighting Market
11.5.2. Germany Agricultural Lighting Market
11.5.3. France Agricultural Lighting Market
11.5.4. Spain Agricultural Lighting Market
11.5.5. Italy Agricultural Lighting Market
11.5.6. Rest of Europe Agricultural Lighting Market
11.6. Asia-Pacific Agricultural Lighting Market Snapshot
11.6.1. China Agricultural Lighting Market
11.6.2. India Agricultural Lighting Market
11.6.3. Japan Agricultural Lighting Market
11.6.4. Australia Agricultural Lighting Market
11.6.5. South Korea Agricultural Lighting Market
11.6.6. Rest of Asia Pacific Agricultural Lighting Market
11.7. Latin America Agricultural Lighting Market Snapshot
11.7.1. Brazil Agricultural Lighting Market
11.7.2. Mexico Agricultural Lighting Market
11.8. Middle East & Africa Agricultural Lighting Market
11.8.1. Saudi Arabia Agricultural Lighting Market
11.8.2. South Africa Agricultural Lighting Market
11.8.3. Rest of Middle East & Africa Agricultural Lighting Market

Chapter 12. Competitive Intelligence
12.1. Key Company SWOT Analysis
12.1.1. Company 1
12.1.2. Company 2
12.1.3. Company 3
12.2. Top Market Strategies
12.3. Company Profiles
12.3.1. Signify N.V Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.3.2. Ams-OSRAM AG
12.3.3. Gavita International B.V
12.3.4. Valoya Oy
12.3.5. California Lightworks Inc
12.3.6. DeLaval International
12.3.7. CBM Lighting
12.3.8. Heliospectra AB
12.3.9. Hortilux Schreder
12.3.10. General Electric
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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