The Global Agricultural Lighting Market is poised to grow from USD 11.4 billion in 2023 to USD 28.43 billion by 2031, driven by innovations in LED grow lights, smart lighting systems, and increasing adoption of Controlled Environment Agriculture (CEA). This comprehensive market analysis covers key segments including LED, HID, and fluorescent lighting solutions for horticulture, livestock, and aquaculture applications. Learn about market trends, technological advancements, growth drivers, and competitive landscape for agriculture lighting.

Agricultural lighting refers to the use of artificial lighting systems to support and enhance plant growth and productivity in agricultural settings. This technology is crucial in modern farming, particularly in controlled environment agriculture (CEA) such as greenhouses, vertical farms, and indoor farms.

Here are some key aspects of the Agriculture Lighting Market:

• Types of Agricultural Lighting
  • LED Grow Lights: Energy-efficient and customizable for specific plant needs. They can emit different light spectra to support various stages of plant growth (e.g., blue light for vegetative growth, red light for flowering).
  • Fluorescent Lights: Commonly used for seed starting and early vegetative growth. They are less efficient than LEDs but more affordable.
  • High-Intensity Discharge (HID) Lights: Includes Metal Halide (MH) and High-Pressure Sodium (HPS) lights. They are powerful and often used in large-scale commercial greenhouses.
  • Incandescent Lights: Less common due to low efficiency and high heat output, but sometimes used for specific applications like photoperiod control.

 Market Overview

The Global Agricultural Lighting Market was valued at USD 11.4 Billion in 2023 and is estimated to reach at USD 28.43 Billion in 2031 growing at a CAGR of 12.1% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Installation, Light Source, Wattage Type, Application, and Region.

Market Dynamics:

Below are the factors impacting the growth of Agriculture Lighting Market:

• Increasing Adoption of Controlled Environment Agriculture (CEA): The rise of greenhouses, vertical farming, and indoor farming practices drives demand for specialized agricultural lighting solutions.
• Technological Advancements: Innovations in LED lighting, smart lighting systems, and spectral control technologies enhance efficiency and effectiveness, making them more attractive to farmers.
• Government Initiatives and Subsidies: Supportive policies, grants, and subsidies aimed at promoting sustainable agriculture and energy-efficient practices boost market growth.
• Rising Demand for High-Quality Crops: Growing consumer preference for high-quality, fresh, and locally grown produce fuels the adoption of advanced lighting systems to improve crop yield and quality.
• Energy Efficiency Concerns: The need for energy-efficient solutions in agriculture to reduce operational costs and environmental impact encourages the use of modern lighting technologies like LEDs.
• Urbanization and Limited Arable Land: Increasing urbanization and the reduction of available arable land drive the need for vertical farming and indoor agriculture, which rely heavily on artificial lighting.

 Regional Analysis

Based on region, Global Agriculture Lighting Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key country covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global Agriculture Lighting Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Agriculture Lighting Market are Agrolux, California LightWorks, Cree, Inc., Current, powered by GE, Fluence by OSRAM, Gavita International, GE Current, a Daintree Company, Heliospectra AB, Hortilux Schréder B.V., and Illumitex Inc.

 Market Segmentation

The Global Agriculture Lighting Market can be segmented on the basis of Installation, Light Source, Wattage Type, Application, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

 Global Agricultural Lighting Market Scope:

 Global Agriculture Lighting Market, By Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

 Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs