Pro
Technology & Electronics
Mexico Horticulture Lighting Market, By Cultivation
| Label | Greenhouse | Vertical Farming | Indoor Farming | Others |
|---|---|---|---|---|
| 2018 | 17.2 USD Mn | 13.2 USD Mn | 10.9 USD Mn | 3.4 USD Mn |
| 2019 | 20.1 USD Mn | 16.1 USD Mn | 13.4 USD Mn | 4 USD Mn |
| 2020 | 22.3 USD Mn | 17.2 USD Mn | 15.1 USD Mn | 4.3 USD Mn |
| 2021 | 24.8 USD Mn | 19.4 USD Mn | 16.3 USD Mn | 4.6 USD Mn |
| 2022 | 26.8 USD Mn | 21.8 USD Mn | 18.4 USD Mn | 5.9 USD Mn |
| 2023 | 30.3 USD Mn | 24.8 USD Mn | 22.1 USD Mn | 5.5 USD Mn |
| 2024 | 34.3 USD Mn | 29.3 USD Mn | 25.2 USD Mn | 7.1 USD Mn |
| 2025 | 40.5 USD Mn | 33.7 USD Mn | 30.4 USD Mn | 7.9 USD Mn |
| 2026 | 48.4 USD Mn | 42.3 USD Mn | 35.5 USD Mn | 7.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Mexico is a country with a rich history and a diverse landscape, ranging from deserts to mountains to coastal regions. This diversity also translates into a flourishing agricultural industry, making it an important player in the global horticulture market. As the demand for horticultural produce continues to rise, the need for efficient and sustainable methods of production is becoming increasingly important. This is where horticulture lighting comes in, as it offers a way to optimize plant growth and increase yield.
The Mexico horticulture lighting market, by application, is expected to witness significant growth during the forecast period of 2018-2026. This can be attributed to the increasing adoption of horticulture lighting in various applications such as greenhouses, indoor farming, and vertical farming. With limited arable land and changing climatic conditions, the use of horticulture lighting has become crucial in order to meet the growing demand for fresh produce.
One of the key factors driving the demand for horticulture lighting in Mexico is the need for year-round production. With the use of artificial lighting, farmers can overcome the limitations of seasonal changes and produce crops all year long. Additionally, horticulture lighting also allows for precise control over the spectrum and intensity of light, which can be tailored to meet the specific needs of different crops. This results in better quality and higher yields, leading to increased profits for farmers.
Another important application of horticulture lighting in Mexico is in the production of cannabis. With the legalization of medical cannabis in the country, there is a growing demand for high-quality cannabis products. Horticulture lighting plays a crucial role in this industry, as it enables cannabis cultivators to control the plant's growth and produce consistent and potent products.
Moreover, the Mexican government has also been promoting the use of horticulture lighting to improve the country's food security and reduce its reliance on imported produce. This has further boosted the demand for horticulture lighting as local farmers strive to increase their production and meet the rising demand for fresh and organic produce.
In conclusion, the Mexico horticulture lighting market is witnessing a significant demand and growth, driven by factors such as the need for year-round production, the rise of cannabis cultivation, and government initiatives. As the country continues to invest in sustainable and efficient methods of agricultural production, the demand for horticulture lighting is expected to grow and contribute to the overall growth of the Mexican economy.
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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.