According to a research report published by Spherical Insights & Consulting, the Global Agricultural Lighting Market Size Expected to Grow from USD 11.4 Billion in 2023 to USD 35.83 Billion by 2033, at a CAGR of 12.1% during the forecast period 2023-2033.

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A system of lights known as “agricultural lighting” offers the ideal amount of illumination for farming tasks like plant growth and animal wellbeing. It can be applied in several contexts, including vertical farming, indoor farming, and greenhouses. Light is essential to the health of plants. The amount of light a plant receives has a direct impact on its growth rate and activity duration. Furthermore, artificial light has a major effect on plant development. Varied hues and wavelengths of light can have varied effects on plants. Light-emitting diodes (LEDs) and other artificial lighting sources are becoming more and more popular, especially in greenhouse agriculture. However, generally speaking, plants use the 400–750 nm range of red, orange, yellow, green, blue, indigo, and violet light. While some spectrums increase the production of fruits and flowers, others encourage the growth of plants.

Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Agricultural Lighting Market Size, Share, and COVID-19 Impact Analysis, By Light Source (Fluorescent, HID, LED, and Others), By Installation (New and Retrofit), By Application (Aquaculture, Livestock, and Horticulture), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The LED segment dominates the market with the highest market share through the forecast period.

Based on the light source, the global agricultural lighting market is divided into fluorescent, HID, LED, and others. Among these, the LED segment dominates the market with the highest market share through the forecast period. Artificial lightning produced by agricultural LED lights encourages and improves plant development. It is used for a number of farming techniques, such as vertical farming, indoor farming, and greenhouse farming. The market is being further boosted by the expansion of floriculture, which is also causing more agricultural lighting to be used for growing fruits, vegetables, and floriculture.

The retrofit segment is expected to grow at the fastest CAGR growth through the forecast period.

Based on the installation, the global agricultural lighting market is divided into new and retrofit. Among these, the retrofit segment is expected to grow at the fastest CAGR growth through the forecast period. Energy consumption and maintenance expenses are reduced in commercial greenhouses, vertical farms, and livestock facilities by retrofitting light fixtures. Depending on the type of plant being produced, growth lights must run for around 14 to 18 hours every day, which results in low operating costs.

The horticulture segment promoted the largest revenue share through the forecast period.

Based on the application, the global agricultural lighting market is estimated into aquaculture, livestock, and horticulture. Among these, the horticulture segment promoted the largest revenue share through the forecast period. The rapid deployment of LED light technology has led to the emergence of more potential applications. Further research seems necessary to completely understand the rise in bioactive compounds, particularly those that are health-promoting, given that LEDs help enhance the growth and production of a range of crops.

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Europe is estimated to hold the highest share of the global agricultural lighting market over the predicted timeframe.

Europe is expected to hold the largest share of the global agricultural lighting market over the predicted timeframe. Throughout the forecast period, Europe is anticipated to hold the greatest share of the worldwide agricultural lighting market. Large areas of land are covered with greenhouses in countries like the Netherlands, Spain, France, and Italy because of their strong economies and booming industries that increase capital investment capacities. These countries also have an exceptionally high number of facilities for raising livestock, such as dairy and poultry.

Asia Pacific is anticipated to grow at the fastest CAGR growth of the global agricultural lighting market during the forecast period. The Asia Pacific region, which includes nations like China, India, Japan, and Southeast Asian states, is home to some of the largest agricultural economies in the world. Strong agricultural sectors are essential to these nations’ national economies.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global agricultural lighting market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the Global Agricultural Lighting Market are Agrolux, Valoya, LumiGrow, California Lightworks, Illumitex, Everlight Electronics, Bridgelux, Sunlight Supply, Gavita International B.V., Hortilux Schréder, VividGro, Apogee Instruments, Black Dog LED, Fluence, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In July 2024, photosynthetic, a supplier of agricultural lighting systems, is launching a dynamic grow light designed specifically for the CEA industry. This gadget is a state-of-the-art dynamic lighting solution made to increase plant growth and productivity, promote sustainability, and optimize energy efficiency. At the Greentech show, Photosynthetic will have a booth at 05.464VF. 

• In November 2023, a Series Worth €17 Million RED Horticulture closed a fundraising round to assist the company’s growth and the development of its high-performance lighting methods. The European Circular Bioeconomy Fund (ECBF), Demeter IM, and Unigreen’s led the round. BPI’s support programs and a banking pool comprising Société Générale, BNP Paribas, CIC, and Crédit Agricole provide some of the funds.

• In February 2023, to provide lighting for Greencare Collective’s new, futuristic facility, ams-OSRAM AG, a global pioneer in optical solutions, partnered with Revolution Microelectronics (US), a designer of controlled agriculture settings. The OSLON Square platform and OSLON SSL LEDs will serve as the foundation for the collaboration. Greencare Collective’s state-of-the-art facility has developed a perpetual harvest system that produces an extra harvest of plants annually by utilizing seasonal programmed spectrum controls and cutting-edge crop steering techniques.

• In January 2023, polymatech Electronics, a semiconductor chip company specializing in opto-semiconductors, introduced its new horticulture LED product, RavayeTM. These solutions redefined the standard for improved greenhouse and vertical farming lighting for professional horticulture applications, providing a wider spectrum of light for faster and healthier plant growth, improved farming conditions, and reduced lighting system costs.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural lighting market based on the below-mentioned segments:

Global Agricultural Lighting Market, By Light Source

• Fluorescent
• HID
• LED
• Others

Global Agricultural Lighting Market, By Installation

• New
• Retrofit

Global Agricultural Lighting Market, By Application

• Aquaculture
• Livestock
• Horticulture

Global Agricultural Lighting Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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