Charts & StatsSep 2, 2026

Global Horticulture Lighting market [2018-2024] Asia Pacific by Application

By Application, the market is segmented into Greenhouse, Indoor Farming, Vertical Farming, and Application_Others (2018-2024)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Horticulture Lighting market [2018-2024] Asia Pacific by Application — full underlying data
Label	Greenhouse	Indoor Farming	Vertical Farming	Application_Others
2018	215.1 USD Mn	160.1 USD Mn	120.8 USD Mn	37.6 USD Mn
2019	257.4 USD Mn	193.2 USD Mn	146.9 USD Mn	44.6 USD Mn
2020	308.5 USD Mn	233.3 USD Mn	179.0 USD Mn	52.9 USD Mn
2021	370.5 USD Mn	282.5 USD Mn	218.6 USD Mn	62.9 USD Mn
2022	446.2 USD Mn	343.0 USD Mn	267.8 USD Mn	75.1 USD Mn
2023	539.6 USD Mn	418.2 USD Mn	329.5 USD Mn	89.9 USD Mn
2024	655.8 USD Mn	512.6 USD Mn	407.4 USD Mn	108.2 USD Mn

Data Source: Wantstats Repository

Market Dynamics

greenhouse segment accounted for the largest market share in 2018, this market is expected to reach USD 655.80 Million in 2024 from USD 215.10 Million in 2018. This market is projected to grow at a CAGR of 20.57% during the forecast period from 2019 - 2024. However, vertical farming segment is the fastest growing market, which is expected to grow at a CAGR of 22.63% during the forecast period 2019 - 2024.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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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.

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.

Global Horticulture Lighting market [2018-2024] Asia Pacific by Application

Asia Pacific Horticulture Lighting Market By Application Forecast (2018-2024)

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