Market Size (2018)
2018
$2.48B
Semiconductor
Horticulture Lighting Market
By Segment, By Region, And Segment Forecasts, 2018 – 2024
Vertical: SEMIBase Year: 20189 Sections
Executive Summary
Horticulture Lighting Market — Snapshot
Projected (2024)
2024
$7.04B
CAGR (2018–2024)
19.0%
19.0%Key Players
113+
There are different types of lighting applications and characteristics used in horticulture including photoperiodic lighting, supplemental lighting, sole-source lighting. Lamps in horticulture lighting operate for 18 to 24 hours continuously. In this rapidly progressing environment, Legalization of cannabis for medicinal purposes, a steady supply of crops despite unfavorable weather conditions for farming across geographies contributing in the growth of electronic industry resulting to growth in the horticulture lighting market. The study also indicates that lighting industry would expect a substantial increase in horticulture lighting market due to rising demand of indoor grown fruits, vegetables and flowers.
There has been a considerable increase in the demand for making grow lights. Rapid population growth & availability of limited agricultural land and increased in year-round high-quality yield also the government investments and initiatives are the driving factors for the horticulture lighting market. High capital cost associated with led grow light technologies which would be a restraining factor for horticulture lighting market.
The horticulture lighting market has been broadly classified by lighting type, cultivation and application. By lighting type, the horticulture lighting market has been segmented into toplighting, and interlighting. Among these, toplighting dominated the market in 2018. By cultivation, the horticulture lighting market has been bifurcated into fruits & vegetables, and floriculture. Floriculture segment is expected to grow with the highest CAGR during the forecast period. By application the market is classified into vertical farming, indoor farming and others. Greenhouse is dominating the market in 2018 and Vertical Farming is growing at highest CAGR.
The global horticulture lighting market comprises various manufacturers, government research firms, universities, and technical institutes that engage in developing and making advancement in the lighting industry. The major players considered in the scope of horticulture lighting market are BRIDGELUX, INC, Mediatek Inc., Lumigrow, Inc, Eye Hortilux, Maxigrow Ltd., Signify Holding. (Philips Lighting)., GE Lighting, Hortilux Schreder, Osram Licht AG, Gavita International B.V, Lumileds Holding B.V., Hubbell Lighting., Agrolux, PARSource, Illumitex, and Heliospectra AB among others. The competition in the horticulture lighting segment is rapidly increasing owing to the entry of new players in the market serving various application areas.
Key Insight
The Horticulture Lighting Market market is projected to grow at a CAGR of 19.0% from 2018 to 2024.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
- Market Segmentation: The market is analyzed across 4 segments: High-Intensity Discharge Light, Fluorescent Lamps, LED Light, Others. Forecasts are provided for each segment from 2018 to 2024.
- Competitive Landscape: 113 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Horticulture Lighting Market — Growth Trajectory
Horticulture is a branch of plant agriculture dealing with garden crops such as fruits, vegetables, and ornamental plants. Horticulture lighting is an artificial light source that is used as a synthetic source of light to facilitate photosynthesis. This process is very useful in areas where there is a lack of proper sunlight. Lack of sunlight or any other source of light required for photosynthesis renders the plants weak and unable to grow. These benefits of growing crops all year round through the process of horticulture lighting are deemed to benefit the horticulture lighting market significantly. Grow lights are used for indoor gardening, plant propagation, and food production.
Horticulture Lighting Market — Growth Trajectory
High-Intensity Discharge Light
Fluorescent Lamps
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Technology is broken down into: High-Intensity Discharge Light, Fluorescent Lamps, LED Light, Others.
- Lighting Type is broken down into: Toplighting, Interlighting.
- Cultivation is broken down into: Fruits & Vegetables, Floriculture.
- Application is broken down into: Greenhouse, Indoor Farming, Vertical Farming, Application_Others.
Geographic Analysis
Regional market breakdown
- Middle East and Africa Middle East and Africa market size reached $327.30M in 2018 and is projected to reach $859.30M by 2024, growing at a CAGR of 17.5%.
- North America North America market size reached $658.00M in 2018 and is projected to reach $1.90B by 2024, growing at a CAGR of 19.3%.
- Asia Pacific Asia Pacific market size reached $533.60M in 2018 and is projected to reach $1.68B by 2024, growing at a CAGR of 21.1%.
- Europe Europe market size reached $797.80M in 2018 and is projected to reach $2.20B by 2024, growing at a CAGR of 18.4%.
- South America South America market size reached $159.80M in 2018 and is projected to reach $398.50M by 2024, growing at a CAGR of 16.5%.
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View Subscription PlansResearch Methodology
Horticulture Lighting Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2018 – 2018
Forecast Period
2018 – 2024
Primary Interviews
150+
Research Process
Historical data (2018–2018) and forecast period (2018–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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Regional Breakdown
Regional market breakdown for Horticulture Lighting Market.
Regional Market Size (USD Mn)
Market estimates by geography (2024)
InsightEurope leads with $2.20B by 2024, while Asia Pacific is projected to grow fastest at a 21.1% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2018 | 2018 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $327.30M | $522.80M | $859.30M | 17.5% | 12% |
| North America | $658.00M | $1.10B | $1.90B | 19.3% | 27% |
| Asia Pacific | $533.60M | $934.50M | $1.68B | 21.1% | 24% |
| Europe | $797.80M | $1.31B | $2.20B | 18.4% | 31% |
| South America | $159.80M | $248.70M | $398.50M | 16.5% | 6% |
| Total | $2.48B | $4.12B | $7.04B | 19.0% | 100% |
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View Subscription PlansSegment Revenue (2024)
High-Intensity Discharge Light
Fluorescent Lamps
LED Light
Others
0720144021592879
Segment Market Share
- High-Intensity Discharge Light37%
- Fluorescent Lamps28%
- LED Light24%
- Others11%
Total Market Size
$7.04B
Market by Segment (2024)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| High-Intensity Discharge Light | $2.62B | 19.0% | 89% |
| Fluorescent Lamps | $1.99B | 19.0% | 88% |
| LED Light | $1.66B | 19.0% | 60% |
| Others | $771.30M | 19.0% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Horticulture Lighting Market — Key Findings
Analytical insights on Horticulture Lighting Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Horticulture Lighting Market market is projected to reach $7.04B by 2024, growing at 19.0% CAGR. The High-Intensity Discharge Light segment holds the largest share.
Market Drivers
Increasing population growth is one of the serious problems for countries such as India and China which affects the growth and development of the country. This rapid increase in global human population has put immense pressure on available global land use patterns for agriculture. The migration of people from rural to urban areas is another major issue because of which arable land is depleting. According to Wantstats, around three million hectares of land are lost per year due to degrading soil quality. Moreover, four million hectares of agricultural land is used for highways, factories, and various urban needs. Due to limited agricultural land, the market for vertical farming or indoor farming degrading. Due to vertical farming method, soil reduction percentage is reduced and requires less land for farming. In vertical farming, owners achieve optimal agricultural output without harming the surrounding environment with the help of plant light, grow light, or horticulture light. Hence the loss of land and increasing population is expected to drive the horticulture lighting market during the forecast period.
Market Opportunities
It is estimated that by 2050, the world’s population is expected to grow by another 2 billion. The increasing demand for food due to the growing population is posing the greatest challenge for farmers and manufacturers. Moreover, due to industrial development and urbanization, the arable land is decreasing year by year. Due to the limited access to land for farming, there is a need for sustainable farming tasks to pave the way for adding to food needs. The advances in lighting technologies have made it possible to create the perfect environment to grow vegetables at a large scale with shorter growing cycles and higher yields. The concept of vertical and indoor farming has been adopted by many countries on the basis of its potential to provide large populations concentrated in urban areas with locally grown food to meet the demands of an ever-growing population. Also, due to the challenges and costs of transporting fresh crops to larger cities, urban farmers have realized the potential in utilizing existing spaces in tall city buildings and producing crops locally. In some places, such as Japan, where there is a deficiency in the environment, plant factories are using LED grow lights in vertical and indoor farming and gardening to provide food for the general public and for people who need specialized nutrition. Vertical farms can also feed more people than regular farming as it has the ability to grow 75 times more food per square foot then a traditional farm. Moreover, the increasing amount of investment in large scale vertical farming by several large farming companies is expected to fuel the growth of horticulture farming market in coming years. Thus, vertical and indoor farming is revolutionizing parts of the horticultural and agricultural industries and has the potential to be the preferred production method of the future.
Market Restraints
Before choosing any lighting device, several factors such as costs, efficiency, light quality, light quantity, light duration, total energy emissions, life expectancy, and effect on plant growth and flowering are taken into consideration. However, setting this light in the horticulture ecosystem requires some changes to be done in the garden such as number and size of plants the garden can support, pruning techniques, nutrient strength, and temperatures. LED grow lights are sensitive to very low as well as very high temperatures. The diodes may fail much more quickly under high temperatures, degrading the quality of light they produce. During low temperatures, such as in winter, there is a need to install heaters to keep the environment warm and pleasant for the cannabis plant to grow in a healthy manner; this may increase the initial cost as well as the electrical bill during winters. Thus, setting the entire garden system appropriate for LED lighting incurs high costs. Also, light burn is a type of damage that crops may suffer when they are situated too close to the lights, turning the leaves yellow, and then white. As a result, the leaves lose their natural color, thereby losing potency and aroma. High capital cost is an important aspect delaying the uptake of LED technology in horticulture.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2024)
High-Intensity Discharge Light
Fluorescent Lamps
LED Light
Others
Companies
Key companies profiled in Horticulture Lighting Market
Profiles of 113 companies operating in the Horticulture Lighting Market market, including revenue, employee count, and market positioning where available.
Showing 113 of 113 companies
Heliospect
Heliospectra AB
Semiconductor
Company Headquarters: Sweden Founded: 2006 Workforce: 30 Company Working: Heliospectra AB (Heliospectra) develops and manufactures intelligent lighting solutions for greenhouses and controlled growth environments. Some of the crops that use intelligent lighting systems are cannabis, cereals, lettuce, dionysia, oregano, parsley, tomato, and coriander. Apart from lighting fixtures the company also markets control software. HelioCORE control software let growers apply customized lighting strategies across the production and harvest cycle. Other technical services offered by the company include customizing lighting strategies, utility rebate, commercial crop trials, cultivating team training, custom spectrum design, installation design, and power analysis.
Revenue$0.0B
Employees30
Market CapN/A
Founded2005
Sweden
Hubbell Li
Hubbell Lighting
Semiconductor
Company Headquarters: US Founded: 1863 Workforce: ~1000 Company Working: Hubbell is one of the prime manufacturers of LED products and solutions. The company has been manufacturing its industrial luminaires for more than 40 years and serves several industries. The company also holds more than 30 patents in the industrial lighting and luminaires business. Hubbell has a plethora of brands providing products for healthcare lighting, outdoor lighting, horticulture lighting, and agriculture lighting solutions. Hubbell Industrial Lighting is an electrical business division of Hubbell Inc.; this business division generated nearly USD 2.7 billion in 2018.
Revenue$0.9B
Employees1,000
Market CapN/A
Founded1862
US
Osram Lich
Osram Licht AG
Semiconductor
Company Headquarters: Germany Founded: 1919 Workforce: 1,500 Company Working: Osram Licht AG is one of the leading manufacturers and sellers of lighting products. The company operates in specialty lighting, opto semiconductors, and lighting solutions and systems. The products in specialty lighting include lamps and lighting systems used in the automotive sector as well as for stage, cinema, and studio lighting applications. The plant cultivation systems and special lamps are used for industrial and medical applications. The opto semiconductors segment manufactures LEDs, laser, infrared, and optical sensors. The lighting solutions and systems segment offers LED light engines, electronic ballasts for LED modules and traditional lamps, and light management systems. The company owns various business units such as Light is OSRAM, Osram Opto Semiconductor, Osram Continental, OSRAM SYLVANIA Inc., Traxon Technologies, e:cue, Digital Lumens, Inc., Fluence Osram, Clay Paky SpA, Fluence Osram, Clay Paky SpA, BAG electronics GmbH, Vixar Inc. All the brands provide lighting solutions in various segments. The company has a presence in almost all regions in the world.
Revenue$1.7B
Employees1,500
Market CapN/A
Founded1918
Germany
GE Lightin
GE Lighting
Semiconductor
Company Headquarters: US Founded: 1911 Workforce: ~3000 Company Working: GE Lighting is a subsidiary of General Electric, specialized in providing lighting fixtures. The company offers electric lamps, bulbs, auto lights, and other lighting products. GE Lighting provides innovative and efficient products. The lighting systems can be controlled by smartphones using the GE App. The smart LED bulbs offered by the company are used with google devices in which customers can connect and control lighting systems without any hub and bridge. It uses Google Home app which is compatible with Google Assistant and Amazon Alexa with iOS and Android smart devices. It has high presence in the Americas, Europe among others.
Revenue$8.8B
Employees3,000
Market CapN/A
Founded1910
US
Signify Ho
Signify Holding(Koninklijke Philips N.V )
Semiconductor
Company Headquarters: Netherlands Founded: 1938 Workforce: ~29,000 Company Working: Koninklijke Philips N.V is one of the leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, diagnosis, and treatment, to home care. Signify Holding is a subsidiary of Philips which provides lighting control systems. It is the leading company in lighting for professional, consumer, and Internet of Things applications. It provides high-quality, energy-efficient lighting products, systems, and services to the customers. The company's product portfolio includes luminaires, lamps, light-emitting diode (LED) lamps, and LED tubes, and decorative lighting. Signify has partnered with more than 100 universities. The company has made intelligent lighting in which IoT platform enables connected lighting systems and embedded sensor networks. Signify has presence mainly in Europe, the Americas, as well as other international markets.
Revenue$8.0B
Employees29,000
Market CapN/A
Founded1937
Netherlands
Illumitex
Illumitex
Semiconductor
Company Headquarters: US Founded: 2005 Workforce: ~55 Company Working: Illumitex is a manufacturer of horticulture lighting systems for greenhouses and other controlled agriculture environments. The company also developed Daily Light Integral (DLI) which can help growers easily determine when they need supplemental LED lighting. Apart from catering to greenhouse applications, indoor cultivation, vertical farming, tissue culture laboratories, and other large cultivators, the company also offers products for other industry applications. Illumitex has partnered with Cree, Inc. for manufacturing horticulture lighting systems.
RevenueN/A
Employees55
Market CapN/A
Founded2004
US
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Horticulture Lighting Market
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