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

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

Philips

Signify Holding

OSRAM GmbH

Samsung Electronics

Current by GE

LG Innotek

Luminus

Nichia