Market Dynamics
United States accounted for the largest market share in 2018 in the North America horticulture lighting market, and is expected to reach USD 840.50 Million in 2024 from USD 293.70 Million in 2018. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 20.51% during the forecast period 2019 - 2024. toplighting segment accounted for the larger market share in 2018, this market is expected to reach USD 1111.10 Million in 2024 from USD 394.80 Million in 2018. This market is projected to grow at a CAGR of 18.94% during the forecast period from 2019 - 2024. However, interlighting segment is the fastest growing market, which is expected to grow at a CAGR of 20.13% during the forecast period 2019 - 2024. high intensity discharge light segment accounted for the largest market share in 2018, this market is expected to reach USD 707.40 Million in 2024 from USD 241.50 Million in 2018. This market is projected to grow at a CAGR of 19.74% during the forecast period from 2019 - 2024.
However, led light segment is the fastest growing market, which is expected to grow at a CAGR of 20.91% during the forecast period 2019 - 2024. fruits and vegetables segment accounted for the larger market share in 2018, this market is expected to reach USD 1042.04 Million in 2024 from USD 371.78 Million in 2018. This market is projected to grow at a CAGR of 18.86% during the forecast period from 2019 - 2024. However, floriculture segment is the fastest growing market, which is expected to grow at a CAGR of 20.14% during the forecast period 2019 - 2024. greenhouse segment accounted for the largest market share in 2018, this market is expected to reach USD 726.80 Million in 2024 from USD 258.30 Million in 2018. This market is projected to grow at a CAGR of 18.93% 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 20.34% during the forecast period 2019 - 2024.
