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Global Horticulture Lighting Market - 2022-2029
Government initiatives encouraging the adoption of CEA are rapidly increasing, and the growing importance of the Farm to Table concept is advancing the horticultural lighting market. However, the high costs associated with setup and installation may hinder market growth.
![[English Market Research Report] Global Market for Horticultural Lighting](https://image.mono.ipros.com/public/product/image/702/2000799485/IPROS8870203359109885940.png?w=280&h=280)
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The global horticultural lighting market size was valued at 3.2 billion USD in 2022 and is expected to grow at a CAGR of 25.3% during the forecast period, reaching 12.38 billion USD by 2028. This report examines the global horticultural lighting market and provides systematic information on market drivers and restraints, market opportunities, the impact of COVID-19, segment-wise market analysis, competitive landscape, and profiles of key companies.
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The global market size for horticultural lighting was approximately $6.19 billion in 2022 and is expected to grow at a healthy growth rate of over 18.1% during the forecast period from 2023 to 2030. Horticultural lighting refers to the use of artificial light sources such as LEDs to provide specific wavelengths and intensities of light in controlled environments like greenhouses and indoor farms, promoting plant growth, development, and productivity. This allows producers to optimize photosynthesis in plants and manipulate various physiological processes to improve crop quality and yield.
![[English Market Research Report] Global Market for Horticultural Lighting](https://image.mono.ipros.com/public/product/image/8ac/2000993434/IPROS1499005561315199800.png?w=280&h=280)
"Free samples" are currently being offered! Please check the application method from the [PDF download] button, or apply directly from the related links.
The global horticultural lighting market size is expected to reach 3.7 billion USD in 2023 and 10.4 billion USD by 2028, with a projected CAGR of 22.4% from 2023 to 2028. This report investigates and analyzes the global horticultural lighting market, providing information on key driving and restraining factors, competitive landscape, future trends, and more.
