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Agriculture lighting Market
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Agriculture lighting Market By Component (Service, Hardware, Software), Application (Data Security, Secure Enclaves, Pellucidity Between Users, Others) Deployment Mode (On-Premise and Cloud-based), Industry Vertical (BFSI, Government & defense, Healthcare, IT & telecommunications, Retail, Manufacturing, Others), and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032
Industry : Electronics & Semiconductors | Pages : 182 Pages | Published On : Apr 2024
Market Overview
Agriculture lighting plays an important role in modern agricultural practices, especially in indoor farming or Controlled Environment Agriculture (CEA) setups. Farm lighting systems use artificial lighting to provide the necessary light spectrum, intensity, and duration for optimal plant growth and development. The Agriculture Lighting Market has witnessed substantial growth and transformation in recent years, driven by technological advancements and a global shift towards sustainable and efficient farming practices. As the world grapples with the challenge of feeding a growing population, agriculture lighting has emerged as a critical component in enhancing crop yields, ensuring year-round cultivation, and promoting the well-being and productivity of livestock. This market encompasses a spectrum of lighting solutions designed to cater to the unique needs of various agricultural applications, ranging from greenhouse cultivation to livestock farming.
Agriculture lighting Market Size
![Graph](https://www.marketdigits.com/assets/images/graph1.png)
Report | Details |
---|---|
Market Size Value | USD 11.8 billion by 2024 |
Market Size Value | USD 33.78 billion by 2032 |
CAGR | 12.4% |
Forecast Period | 2024-2032 |
Base Year | 2023 |
Historic Data | 2020 |
Segments Covered | xxxx |
Geographics Covered | North America, Latin America, Europe, Asia-Pacific, Middle East & Africa |
Major Players In Agriculture lighting Market Include: AKVA Group, ams OSRAM AG, California LightWorks, CBM Lighting, Current Lighting Solutions, LLC, DeLaval, Gavita International B.V, HATO Agricultural Lighting, Heliospectra AB, Hubbell Incorporated, Lely, Luminus, Inc., Samsung, Signify Holding, and Sunbird.
Growing Awareness about Sustainable Crop
The agriculture lighting market is experiencing a significant surge, driven by a growing awareness and emphasis on sustainable crop cultivation practices. As the global population continues to expand, there is an increasing demand for food production, prompting the agriculture industry to explore innovative technologies that enhance crop yield and quality. Sustainable agriculture has emerged as a key driver in this scenario, and agriculture lighting plays a pivotal role in supporting environmentally friendly and resource-efficient farming methods. One of the primary factors fueling the demand for sustainable crop cultivation is the escalating concern for environmental conservation. Traditional farming practices often involve significant resource consumption, including water and energy, contributing to environmental degradation. The adoption of sustainable agriculture, facilitated by advanced lighting solutions, addresses these concerns by promoting practices that optimize resource utilization and minimize ecological impact. LED lighting, in particular, has gained prominence for its energy efficiency and ability to provide tailored light spectra for optimal plant growth.
Market Dynamics
Drivers:
- LED Lighting Fixtures Are Widely Used In A Controlled Agricultural Environment
- Growing Awareness About Sustainable Crop
Opportunities:
- Year-round crop production, irrespective of weather conditions
- Increasing Government Initiatives In Various Developed As Well As Developing Countries
Increasing Government Initiatives In Various Developed As Well As Developing Countries
The agriculture lighting market is witnessing a promising opportunity due to the escalating support from government initiatives in both developed and developing countries. Governments worldwide are recognizing the crucial role of advanced agricultural technologies in addressing the challenges of food security, climate change, and sustainable resource management. As a result, there is a notable increase in initiatives aimed at promoting the adoption of modern agricultural practices, with a specific focus on enhancing crop cultivation through innovative technologies like agriculture lighting. In developed countries, where agriculture is often intensive and technologically advanced, governments are investing in research and development programs to promote the integration of smart technologies into farming practices. Subsidies, grants, and incentives are being offered to farmers and agricultural businesses to facilitate the adoption of precision farming methods, including advanced lighting systems. These initiatives aim to improve overall agricultural productivity, reduce environmental impact, and ensure a more resilient and sustainable food supply chain.
The market for Agriculture lighting is dominated by Europe.
Europe is poised to achieve the highest CAGR between 2023 and 2030 within the agriculture lighting market. This projection is attributed to the region's robust economies and thriving industries, translating to enhanced capital investment capabilities. Notably, countries such as the Netherlands, Spain, France, and Italy boast extensive areas dedicated to greenhouse cultivation and a substantial number of livestock facilities for various agricultural activities, including milking and poultry farming. The utilization of LED grow lights in Europe is undergoing a notable shift from serving as a supplementary lighting source to evolving into the primary light source for indoor farming operations. The region's economic strength and technological advancements have propelled the adoption of advanced agricultural practices, contributing to the increasing prominence of LED grow lights. Europe's population has experienced rapid growth, leading to a surge in the demand for fresh produce. Countries in the region, such as those mentioned, have responded by importing frozen fruits and vegetables from Africa and Asia to meet this demand. This burgeoning population, coupled with the need for year-round agricultural production, further propels the adoption of LED grow lights as a pivotal component of modern and efficient farming methods.
The Livestock Segment is Anticipated to Hold the Largest Market Share During the Forecast Period
The application includes Horticulture, Livestock, Aquaculture, and Vertical Farming. The livestock segment asserts its dominance as the leading sector in the agricultural lighting market, primarily driven by the heightened demand for essential products such as milk, meat, eggs, and poultry. This trend is particularly pronounced in European and American countries, where there is a substantial and increasing consumption of meat and eggs. Given the surge in global population coupled with the consistently high consumption rates in these regions, the livestock segment maintained its position as the largest market share holder in 2022. As livestock applications continue to be the dominant force, the agricultural lighting market reflects the significance of lighting technologies in supporting and optimizing the production processes associated with livestock farming.
Major Segmentations Are Distributed as follows:
- By Component:
- Lamps
- Luminaries
- Lighting Controls
- Sensing Devices
- Others (Timer, Accessories, etc.)
- By Light Source:
- Incandescent Lamps
- Fluorescent Lamps
- High Intensity Discharge Lamps
- LEDs
- Others (Halogen, Metal-halide, etc.)
- By Wattage Type:
- Up to 100W
- 100W - 300W
- 300W - 500W
- Above 500W
- By Application:
- Horticulture
- Livestock
- Aquaculture
- Vertical Farming
- By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- BENELUX
- CIS & Russia
- Nordics
- Austria
- Poland
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Malaysia
- Vietnam
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Nigeria
- Egypt
- Israel
- Turkey
- Rest of MEA
- North America
Recent Developments
- In February 2023, ams-OSRAM AG, global leader in optical solutions, announced a collaboration using the OSLON Square platform and OSLON SSL LEDs with Revolution Microelectronics (US), a controlled agriculture environment designer, to provide lighting for GreenCare Collective’s new futuristic facility. A perpetual harvest methodology developed by GreenCare Collective's cutting-edge facility uses seasonal programmed spectrum controls and cutting-edge crop steering techniques to produce an extra harvest of plants every year.
- In January 2023, Energous Corporation (US), a leading developer of RF-based charging for wireless power networks, and ams-OSRAM AG, a leader in optical solutions, announced a collaboration on a wirelessly powered multi-spectral light sensor for Controlled-Environment Agriculture and vertical farming. These sensors allow farmers to manage their lighting in the most efficient way possible..
Answers to Following Key Questions:
- What will be the Agriculture lighting Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Agriculture lighting Market?
- What are the main forces behind worldwide Agriculture lighting Market? Which companies dominate Agriculture lighting Market?
- Which companies dominate Agriculture lighting Market? Which business possibilities, dangers, and tactics did they embrace in the market?
- What are the global Insight Engines industry's suppliers' opportunities and dangers in Agriculture lighting Market?
- What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Agriculture lighting Market, who are the distributors, traders, and resellers?
- What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Agriculture lighting Market?
- What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Agriculture lighting Market?
- What are the dominant revenue-generating regions for Agriculture lighting Market, as well as regional growth trends?
- By the end of the forecast period, what will the market size and growth rate be?
- What are the main Agriculture lighting Market trends that are influencing the market's expansion?
- Which key product categories dominate Agriculture lighting Market? What is Agriculture lighting Market’s main applications?
- In the coming years, which Agriculture lighting Market technology will dominate the market?
Reason to purchase this Agriculture lighting Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global Agriculture lighting Market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different Agriculture lighting Market segments in the top spending countries across the world and identify the opportunities each offers.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global Agriculture lighting Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Agriculture lighting Market.
- Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Agriculture lighting Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.
TOC
Table and Figures
Methodology:
At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.
This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.
The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.
Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.
Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.
In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.
To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.
The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.
In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.
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