LED Lighting for Horticulture Application Market

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p?n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.
LED Lighting for Horticulture Application Market aims to provide a comprehensive presentation of the global market for LED Lighting for Horticulture Application, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Lighting for Horticulture Application. LED Lighting for Horticulture Application Market contains market size and forecasts of LED Lighting for Horticulture Application in global, including the following market information:
Global LED Lighting for Horticulture Application Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global LED Lighting for Horticulture Application Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five LED Lighting for Horticulture Application companies in 2022 (%)
The global LED Lighting for Horticulture Application market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Experiments revealed surprising performance and production of vegetables and ornamental plants under LED lightsources. A large number of plant species have been assessed in greenhouse trials to make sure that the quality of biomass and biochemical ingredients of such plants is comparable with, or even higher than, those grown in field conditions. Plant performance of mint, basil, lentil, lettuce, cabbage, parsley and carrot was measured by assessing both the health and vigor of the plants and the success of the LEDs in promoting growth. Also noticed was profuse flowering of select ornamentals including primula, marigold and stock. Light emitting diodes (LEDs) offer efficient electric lighting in desired wavelengths (red + blue) which support greenhouse production in minimum time and with high quality and quantity. As LEDs are cool, plants can be placed as close as possible to light sources without overheating or scorching. This saves a large amount of space for intense cultivation.
We surveyed the LED Lighting for Horticulture Application manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LED Lighting for Horticulture Application Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Lighting for Horticulture Application Market Segment Percentages, by Type, 2022 (%)
LED Lamp
LED Luminaire
Global LED Lighting for Horticulture Application Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Lighting for Horticulture Application Market Segment Percentages, by Application, 2022 (%)
Professional Horticulture Applications
Consumer Horticulture Applications
Global LED Lighting for Horticulture Application Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global LED Lighting for Horticulture Application Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LED Lighting for Horticulture Application revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies LED Lighting for Horticulture Application revenues share in global market, 2022 (%)
Key companies LED Lighting for Horticulture Application sales in global market, 2018-2023 (Estimated), (K Units)
Key companies LED Lighting for Horticulture Application sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Samsung
Philips
Cree
Nichia
Fluence Bioengineering
Heliospectra
Hubbell Lighting
Illumitex
Kessil Lighting
Lemnis Oreon
LumiGrow
Osram Sylvania
Smart Grow Technologies
Outline of Major Chapters:
Chapter 1: Introduces the definition of LED Lighting for Horticulture Application, market overview.
Chapter 2: Global LED Lighting for Horticulture Application market size in revenue and volume.
Chapter 3: Detailed analysis of LED Lighting for Horticulture Application manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of LED Lighting for Horticulture Application in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global LED Lighting for Horticulture Application capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.