Plant Lighting Equipment Market, By Type (Fluorescent Grow Light, LED Grow Light, High Pressure Sodium (HPS) Grow Light and Incandescent and Halogen Grow Light), By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Plant Lighting Equipment Market size was valued at USD 1,980.23 Million in 2023, expanding at a CAGR of 28.7% from 2024 to 2032.
The term \"plant lighting equipment\" refers to a variety of lighting options made expressly to promote the health and growth of plants, especially in settings where natural sunlight is either insufficient or nonexistent. These systems find application in a variety of contexts, including vertical farming, greenhouses, and indoor farming. Equipment for plant lighting is necessary to maximize plant growth in controlled conditions, which raises crop yields, improves crop quality, and allows for the cultivation of plants in unconventional circumstances.
Plant Lighting Equipment Market- Market Dynamics
The rising horticulture sector drives market growth
The need for specialized plant lighting solutions is being driven by the growing horticulture industry, which includes floriculture and the production of high-value crops. These crops frequently need particular lighting conditions, which are hard to meet with only sunshine. The Department of Agriculture & Farmers Welfare estimates that the Indian horticulture industry makes up over 33% of the country\'s agricultural Gross Value Added (GVA), which is a substantial contribution to the country\'s economy. In addition to guaranteeing the country\'s nutritional security, it offers farmers greater compensation, varied farm operations, and alternative rural employment alternatives. India is currently generating more horticultural produce than food grains, with an estimated 320.48 million tons produced per year, and from a significantly smaller area (25.66 million Ha. for horticulture versus 127.6 M. ha. for food grains). The yield of horticultural crops is significantly higher than that of food grains (12.49 tons/ha versus 2.23 tons/ha). Thus, the aforementioned statistics are expected to drive the plant lighting equipment industry during the projected period.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PLANT LIGHTING EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Fluortronix.com
Nexsel Tech
Valoya
Signify Holding
BIOS
Acuity Brands, Inc.
IKIO Lighting
Cree LED
Yaham Optoelectronics Co.,Ltd.
Heliospectra AB
Oreon
Guangzhou Vanten Technology Co., Ltd.
Atop Lighting
GLOBAL PLANT LIGHTING EQUIPMENT MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Fluorescent Grow Light
LED Grow Light
High Pressure Sodium (HPS) Grow Light
Incandescent and Halogen Grow Light
Others
GLOBAL PLANT LIGHTING EQUIPMENT MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Commercial Greenhouse
Indoor Growing Facility
Research and Application
Others
GLOBAL PLANT LIGHTING EQUIPMENT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
o The U.S.
o Canada
Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Russia
o Netherlands
o Sweden
o Poland
o Rest of Europe
Asia Pacific
o India
o China
o South Korea
o Japan
o Australia
o Thailand
o Indonesia
o Philippines
o Rest of APAC
Latin America
o Brazil
o Mexico
o Argentina
o Colombia
o Rest of LATAM
The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Israel
o Turkey
o Algeria
o Egypt
o Rest of MEA
TABLE OF CONTENT
1. Plant Lighting Equipment Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Plant Lighting Equipment Market Snippet by Type
2.1.2. Plant Lighting Equipment Market Snippet by Application
2.1.3. Plant Lighting Equipment Market Snippet by Country
2.1.4. Plant Lighting Equipment Market Snippet by Region
2.2. Competitive Insights
3. Plant Lighting Equipment Key Market Trends
3.1. Plant Lighting Equipment Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Plant Lighting Equipment Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Plant Lighting Equipment Market Opportunities
3.4. Plant Lighting Equipment Market Future Trends
4. Plant Lighting Equipment Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Plant Lighting Equipment Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Plant Lighting Equipment Market Landscape
6.1. Plant Lighting Equipment Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Plant Lighting Equipment Market – By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2023 & 2032 (%)
7.1.2. Fluorescent Grow Light
7.1.3. LED Grow Light
7.1.4. High Pressure Sodium (HPS) Grow Light
7.1.5. Incandescent and Halogen Grow Light
7.1.6. Others
8. Plant Lighting Equipment Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Commercial Greenhouse
8.1.3. Indoor Growing Facility
8.1.4. Research and Application
8.1.5. Others
9. Plant Lighting Equipment Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2. North America
9.2.1. Overview
9.2.2. Plant Lighting Equipment Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Plant Lighting Equipment Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Plant Lighting Equipment Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Plant Lighting Equipment Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Plant Lighting Equipment Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Plant Lighting Equipment Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Fluortronix.com
10.2.2. Nexsel Tech
10.2.3. Valoya
10.2.4. Signify Holding
10.2.5. BIOS
10.2.6. Acuity Brands, Inc.
10.2.7. IKIO Lighting
10.2.8. Cree LED
10.2.9. Yaham Optoelectronics Co.,Ltd.
10.2.10. Heliospectra AB
10.2.11. Oreon
10.2.12. Guangzhou Vanten Technology Co., Ltd.
10.2.13. Atop Lighting
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
