Europe Horticulture Lighting Market Ready to See Huge Growth with CAGR value 18.8 % during 2021-2027

The horticulture lighting market in Europe is expected to grow from US$ 991.1 million in 2019 to US$ 3767.9 million by 2027; it is estimated to grow at a CAGR of 18.8 % from 2020 to 2027

The Business Market Insights provides you regional research analysis on "Europe Horticulture Lighting Market" and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe Horticulture Lighting market during the forecast period, i.e., 2021-2028.

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Market Introduction

Horticulture lighting is an artificial light used to facilitate photosynthesis. This process is beneficial in areas where adequate sunlight is absent. Horticulture lighting also enhances the growth of plants by illuminating them with artificial light. Horticulture's LED lighting technology is gaining traction in the market due to its numerous advantages, such as low power consumption and existing technologies, which enable lower energy costs. Horticultural lighting is used in urban agriculture, multi-layer cultivation, supplemental lighting, and daylight-free cultivation. Due to increasing awareness of sustainable farming, researchers, governments, and organizations have taken initiatives to improve horticulture with efficient and adequate lighting.

Europe Horticulture Lighting Market Segmentation

By Technology

LED Lights
High Intensity Discharge Lights
Fluorescent Lamps

By Application

Greenhouses
Vertical Farming
Indoor Farming

By Cultivation

Fruits and Vegetables
Floriculture

By Country

France
Germany
Italy
UK
Russia
Rest of Europe

Company Profiles

Agrolux
General Electric Company
Heliospectra AB
Hortilux Schréder B.V
Hubbell, Inc.
Lumileds Holding B.V.
OSRAM Licht AG
Signify N.V

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The research on the Europe Horticulture Lighting Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Europe Horticulture Lighting Market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Horticulture Lighting Market.

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