The Global Horticulture Lighting Market size was estimated at USD 3,429.96 million in 2021, USD 4,191.06 million in 2022, and is projected to grow at a CAGR 22.44% to reach USD 11,559.39 million by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Horticulture Lighting Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Horticulture Lighting Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Horticulture Lighting Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Horticulture Lighting Market?
4. What is the competitive strategic window for opportunities in the Global Horticulture Lighting Market?
5. What are the technology trends and regulatory frameworks in the Global Horticulture Lighting Market?
6. What is the market share of the leading vendors in the Global Horticulture Lighting Market?
7. What modes and strategic moves are considered suitable for entering the Global Horticulture Lighting Market?
Market Dynamics
Drivers
- High demand for fresh produce in quick time owing to population growth and loss of arable land
- Increased funding to build vertical farms and greenhouses along with legalization of cannabis cultivation
- Extensive deployment of LED fixtures in controlled agricultural environment
Restraints
- High setup and installation costs of LED grow lights
Opportunities
- Gradual emergence of horticulture lighting software and calculator
- Strong government support for controlled-environment agriculture (CEA) practices and adoption of SSL technology
- Potential market opportunities in Asian and Middle Eastern economies for vertical farming
Challenges
- Complexities associated with deployment of controlled environment agriculture technology in large-sized fields
Companies Mentioned
- Agrolux
- Bridgelux, Inc.
- California Lightworks
- Cree Inc.
- Eye Hortilux
- Gavita International B.V.
- GE Current
- Helliospectra AB
- Hortilux Schreder B.V.
- Hubbell Incorporated
- ILUMINAR Lighting
- LumiGrow Inc.
- Lumileds Holding B.V.
- Maxigrow Ltd.
- Osram Licht AG
- PARsource
- Samsung Electronics Co. Ltd.
- Savant Systems Inc.
- Signify Holding B.V.
- Valoya
For more information about this report visit https://www.researchandmarkets.com/r/1w7bzp
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