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Agricultural Lighting Market Trends

  • Report ID: GMI8168
  • Published Date: Feb 2024
  • Report Format: PDF

Agricultural Lighting Market Trends

The prominent trend in the agricultural lighting industry is the widespread adoption of light-emitting diode (LED) technology. LED lighting offers several advantages over traditional lighting sources such as high-pressure sodium (HPS) lamps, including greater energy efficiency, longer lifespan, and customizable spectral outputs. LED fixtures can be tailored to emit specific wavelengths of light optimized for plant growth, allowing growers to fine-tune lighting conditions for different crops and growth stages.
 

Additionally, LEDs produce less heat, reducing the need for additional cooling systems and minimizing the risk of heat stress in plants. As the cost of LED technology continues to decrease and awareness of its benefits grows, more growers are transitioning to LED-based lighting solutions to optimize crop production, improve resource efficiency, and remain competitive in the agricultural lighting market.
 

The integration of smart lighting systems in agricultural settings. Smart lighting solutions leverage sensors, data analytics, and automation technologies to monitor environmental conditions and adjust lighting parameters in real-time. These systems enable growers to precisely control light intensity, spectrum, and photoperiod based on factors such as plant growth stage, weather conditions, and energy availability. By optimizing lighting conditions dynamically, smart lighting systems can enhance crop yields, reduce energy consumption, and improve resource utilization efficiency.
 

Moreover, smart lighting systems can be integrated with other components of smart agriculture systems, such as climate control systems and irrigation systems, to create fully automated and interconnected growing environments. As demand for precision agriculture solutions grows, the adoption of smart lighting systems is expected to increase, driving innovation and growth in the agricultural lighting market.
 

For instance, In Jan-2023, California LightWorks announced a partnership with Virex Technologies, a company engaged in providing different services based on the requirements of each client for professional horticultural projects. Under this partnership, both companies aim to broaden European distribution. Moreover, the partnership enables California LightWorks to bring its unique, patented MegaDrive technology to the quickly broadening European market for grow lights.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of agricultural lighting reached USD 1 billion in revenue in 2023 and is set to witness over 11% CAGR from 2024 to 2032, propelled by the ongoing advancements in lighting technology, particularly the development of energy-efficient LEDs and smart lighting systems.

The hardware segment is estimated to grow at over 11% CAGR during 2024 to 2032, due to the increasing use of mounting and support structures to support the weight of lighting fixtures and ensure proper positioning for optimal light distribution.

Europe market accounted for more than 30% revenue share in 2023, attributed to the growing concerns about food security, sustainability, and climate change in Europe.

Some of the leading firms engaged in the industry are Agrolux, California LightWorks, Cree, Inc., Fluence by OSRAM, Gavita International, Heliospectra AB, Hortilux Schréder B.V., Illumitex Inc., LumiGrow Inc., OSRAM GmbH, Savant Systems Inc., Signify, Valoya Ltd. and VividGro.

Agricultural Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 346
  • Countries covered: 22
  • Pages: 250
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