Pro
Technology & Electronics
Canada Horticulture Lighting Market, By Application
| Label | Top-Lighting | Inter-Lighting |
|---|---|---|
| 2018 | 56.5 USD Mn | 51.8 USD Mn |
| 2019 | 67.5 USD Mn | 62.8 USD Mn |
| 2020 | 73.8 USD Mn | 69.8 USD Mn |
| 2021 | 81.7 USD Mn | 78.4 USD Mn |
| 2022 | 92.3 USD Mn | 90 USD Mn |
| 2023 | 106.7 USD Mn | 105.7 USD Mn |
| 2024 | 127.2 USD Mn | 128 USD Mn |
| 2025 | 155.8 USD Mn | 159.3 USD Mn |
| 2026 | 197.3 USD Mn | 203.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The horticulture industry in Canada has been rapidly expanding, with an increasing focus on efficient and sustainable methods of plant cultivation. As a result, there has been a growing demand for horticulture lighting in the country. The Canadian Horticulture Lighting Market, by lighting type, is expected to witness significant growth from 2018 to 2026.
One of the major drivers of this demand is the increasing adoption of controlled-environment agriculture (CEA) practices in Canada. CEA refers to the use of technology, including horticulture lighting, to control and optimize plant growth within a closed environment. This enables year-round production of high-quality crops, reduces dependence on weather conditions, and minimizes the use of pesticides.
There are various types of horticulture lighting used in CEA, including LED, high-intensity discharge (HID), and fluorescent lighting. LED lighting is expected to dominate the market due to its energy efficiency, longer lifespan, and ability to be customized for specific plant needs. Moreover, the declining prices of LED lights have also contributed to their popularity in the horticulture industry.
Another factor driving the demand for horticulture lighting in Canada is the increasing demand for locally grown and organic produce. With the rise of health-conscious consumers, there has been a growing preference for fresh, chemical-free fruits and vegetables. This has led to an increase in demand for greenhouse-grown produce, which requires horticulture lighting for year-round production.
In addition, the Canadian government has been promoting sustainable agriculture practices, including the use of horticulture lighting, through various initiatives and funding programs. For instance, the Strategic Innovation Fund (SIF) provides funding for innovative projects that help reduce greenhouse gas emissions and improve energy efficiency in the agriculture sector.
However, the high initial costs associated with horticulture lighting systems and the lack of skilled labor in the sector are some of the challenges that may hinder market growth. Furthermore, the strict regulations in Canada regarding the use of pesticides and fertilizers also necessitate the use of horticulture lighting for optimal plant growth.
In conclusion, the demand for horticulture lighting in Canada is expected to witness significant growth in the coming years, driven by the increasing adoption of CEA practices, rising demand for locally grown and organic produce, and government initiatives promoting sustainable agriculture. As the industry continues to evolve and innovate, we can expect further advancements in horticulture lighting technology and techniques in the future.
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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.