Pro
Technology & Electronics
Canada Horticulture Lighting Market, By Application
| Label | Fruits & Vegetables | Floriculture |
|---|---|---|
| 2018 | 63.9 USD Mn | 44.5 USD Mn |
| 2019 | 76.5 USD Mn | 53.8 USD Mn |
| 2020 | 84 USD Mn | 59.6 USD Mn |
| 2021 | 93.3 USD Mn | 66.9 USD Mn |
| 2022 | 105.8 USD Mn | 76.6 USD Mn |
| 2023 | 122.7 USD Mn | 89.7 USD Mn |
| 2024 | 146.8 USD Mn | 108.3 USD Mn |
| 2025 | 180.6 USD Mn | 134.5 USD Mn |
| 2026 | 228.9 USD Mn | 172.2 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Canada's horticulture industry has taken a significant turn in recent years with the adoption of advanced lighting technology. The shift towards indoor cultivation methods has created a demand for horticulture lighting in the Canadian market, with growers looking for efficient and cost-effective solutions that can enhance the growth and quality of their crops.
The Canadian horticulture lighting market is segmented by cultivation, including greenhouse, vertical farming, and indoor farming. Greenhouse cultivation accounts for the largest share of the market, owing to the dominant presence of traditional greenhouses in Canada. However, the vertical farming segment is expected to witness significant growth in the coming years, primarily due to the increasing demand for locally grown fresh produce and the limited availability of land for traditional agriculture.
The rise of indoor farming in Canada is also contributing to the growth of the horticulture lighting market. Indoor farming, also known as urban farming, has gained popularity in urban areas where land for traditional agriculture is scarce. Indoor farming allows for year-round production and eliminates the barriers of seasonality and climate. This has paved the way for significant growth opportunities for horticulture lighting manufacturers, as these facilities require artificial lighting to replicate natural sunlight.
The legalization of cannabis for recreational and medical purposes in Canada has also contributed to the growth of the horticulture lighting market. As cannabis requires specific light spectrums for optimal growth, horticulture lighting plays a crucial role in its cultivation. With the increasing demand for cannabis, there has been a surge in the establishment of indoor cultivation facilities, which, in turn, has boosted the demand for horticulture lighting in the country.
Moreover, the Canadian government's focus on sustainable agriculture and reducing the country's dependence on imported produce is expected to drive the horticulture lighting market. The government's initiatives and subsidies for sustainable agriculture practices, including the adoption of advanced lighting technology, are encouraging growers to invest in horticulture lighting solutions.
In conclusion, the demand for horticulture lighting in Canada is expected to continue to grow in the coming years, driven by the increased adoption of indoor cultivation methods and the legalization of cannabis. With advancements in technology and the focus on sustainable agriculture, the market presents ample opportunities for growth and innovation in the future.
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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.