Charts & StatsSep 2, 2026

Global Horticulture Lighting market [2018-2024] by Technology

By Technology, the market is segmented into High-Intensity Discharge Light, Fluorescent Lamps, LED Light, and Others (2018-2024)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Horticulture Lighting market [2018-2024] by Technology — full underlying data
Label	High-Intensity Discharge Light	Fluorescent Lamps	LED Light	Others
2018	904.7 USD Mn	734.3 USD Mn	540.5 USD Mn	297.1 USD Mn
2019	1072.9 USD Mn	862.4 USD Mn	647.2 USD Mn	346 USD Mn
2020	1274.2 USD Mn	1014.1 USD Mn	776.2 USD Mn	403.6 USD Mn
2021	1516.7 USD Mn	1194.6 USD Mn	932.9 USD Mn	471.9 USD Mn
2022	1811.1 USD Mn	1411.4 USD Mn	1124.9 USD Mn	553.4 USD Mn
2023	2171.4 USD Mn	1673.9 USD Mn	1362 USD Mn	651.6 USD Mn
2024	2616.7 USD Mn	1994.6 USD Mn	1657.4 USD Mn	771.2 USD Mn

Data Source: Wantstats Repository

Market Dynamics

high intensity discharge light segment accounted for the largest market share in the horticulture lighting market, and is expected to reach USD 2616.70 Million in 2024 from USD 904.70 Million in 2018. However, led light segment is the fastest growing market, which is expected to grow at a CAGR of 20.69% 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] by Technology

Global Horticulture Lighting Market By Technology Forecast (2018-2024)

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