LED Horticulture Market Size, Share, And Trends By Cultivation (Fruits And Vegetables, Flowers Or Floriculture), By Application (Greenhouse, Vertical Farming, Indoor Farming), And By Geography – Forecast From 2019 To 2024
- Published : Mar 2021
- Report Code : KSI061612789
- Pages : 106
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The LED horticulture market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. As per horticulture research, radiation at some relatively narrow spectral bands drives the photosynthesis process by optimizing chlorophyll absorption. As scientists continue to match the monochromatic spectrum to different plants and stages of growth, LED manufacturers are tapping into the rapidly growing horticulture lighting market. The use of LEDs to grow herbs, fruits, vegetables, and flowers is a smart choice as it leads to energy and water saving and greater productivity. The rising global population and shrinking available farmland are driving the market growth. The use of LEDs is also establishing itself as a greener alternative to traditional farming methods.
DRIVERS
Need to fulfill food requirements of a growing world population
Limitation of geography and weather as different plants have different requirements
Limited availability of resources in terms of land, water and energy
RESTRAINTS
High cost involved
Technological and infrastructural constraints in certain areas
INDUSTRY UPDATE
In June, 2019, Signify announced a new long term collaboration with WUR to investigate how LED lighting can influence compound production, quality, and plant characteristics of cannabis or marijuana crops grown for medicinal purpose
In November 2018, Samsung announced new horticulture LED lineups to advance vertical and indoor farming
In November 2018 Lumileds launched Luxeon SunPlus 2835 line for maximizing crop yield
SEGMENTATION
By cultivation
Fruits and Vegetables
Flowers or Floriculture
By Application
Greenhouse
Vertical Farming
Indoor Farming
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. LED HORTICULTURE MARKET BY CULTIVATION
5.1. Fruits and Vegetables
5.2. Flowers and Floriculture
6. LED HORTICULTURE MARKET BY APPLICATION
6.1. Greenhouse
6.2. Vertical Farming
6.3. Indoor Farming
7. LED HORTICULTURE MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Company Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1 Philips
9.2 Signify Holding
9.3 OSRAM GmbH
9.4 Samsung Electronics
9.5 Current by GE
9.6 LG Innotek
9.7 Luminus
9.8 Nichia
LIST OF FIGURES
LIST OF TABLES
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