Horticulture Lighting: a $6.35 billion in 2023

By July 4, 2018 News No Comments

Horticulture Lighting Market Size estimated at $6.35 billion in 2023

Arcluster-Horticulture-Lighting-Market-Report-ImageArcluster, the market research and consulting firm, forecasts the horticulture lighting market size to reach $6.35 billion in 2023, in its latest and most comprehensive study on the Worldwide Horticulture Lighting Market [by segments (Hardware, Software, Services); by Deployment (Turnkey, Retrofit); by Environment (Indoor, Vertical, Greenhouse, Research); by Crop Type; by Regions]: Market Sizes and Forecasts (2018 – 2023). Arcluster forecasts substantial market growth for grow lights and other hardware vices across multiple environments and regions. Check out the report here.

The report states that lighting solutions for horticulture is a significant evolution within a very mature and traditional industry. “Applied across different types of crops ranging from vegetables and fruits to cannabis in a range of environments, lighting solutions have arrived as the vital cog in the horticulture industry.” said Arun Nirmal, Research Director at Arcluster. “LEDs are at the crux of a revolution and horticulture lighting has emerged as the hottest market in the lighting industry.” With, more customers actively pursuing both turnkey pilots and retrofit implementations, mass market adoption is a function of time across multiple mature and developed markets.

Arcluster’s report on the Horticulture Lighting market spans 139 pages and includes 46 market data tables and 41 figures and charts. Market Size and Forecasts within the Horticulture Lighting market are provided by

  • Segments: Hardware (Lights, Modules, Meters, Others), Software, Services
  • Deployment: Turnkey, Retrofit
  • Environment: Indoor, Vertical, Greenhouses, Research, Others
  • Crop Type: Vegetables and Fruits, Cannabis, Floriculture, Propagation, Specialty, Others
  • Regions: North America; Europe; Asia-Pacific; Central/ Latin America; Middle-East and Africa.

Market data in the report is highly useful for market players, vendors, service providers, integrators, consultants, and venture capital firms. Buy the report at

Contact
Chris Nan

Research Coordinator
Arcluster Pte. Ltd.
16, Raffles Quay, Hong Leong Building, Singapore 048581
Phone: +1 (800) 614-9526 Ext: 701; Email: chris.nan@arcluster.com