Horticulture Lighting Market is expected to reach US$ 9.50 Bn by 2029, at a CAGR of 21.4% during the forecast period.

Horticulture Lighting Market Overview

The market overview of the Horticulture Lighting industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

Horticulture Lighting Market Report Scope and Research Methodology

The research methodology employed in the report on the Horticulture Lighting market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

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The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Horticulture Lighting market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Horticulture Lighting market, which involves aggregating data from individual segments to arrive at a total market size estimate.

Horticulture Lighting Market Regional Insights

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

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Horticulture Lighting Market Segmentation

By type, the open-loop current sensor segment will dominate the market in 2021 and is expected to register steady growth at a CAGR of xx% during the forecast period. Open-loop current sensors measure AC and DC current and provide electrical isolation between the sensor output and the circuit being measured. They are cheaper than other current sensors and are driving the market growth. They are commonly used in battery-powered circuits due to their low power consumption and compact size. Also, rising demand for open-loop current sensors in potential applications such as variable speed drives, welders, overcurrent protection, and UPS is expected to drive market growth during the forecast period. Alternatively, the closed-loop sensors segment is projected to register rapid growth at a CAGR of xx% during the forecast period. This is due to its use in potential applications such as variable speed drives, overcurrent protection, servos, robotics, ground fault detectors, power meters and power supplies.

Technically, the Hall effect current sensor segment is expected to register rapid growth at a CAGR of xx% during the forecast period. Hall effect current sensors provide contactless sensing of DC and AC current using a magnetoelectric transducer Hall element. These sensors are used to reduce power loss in the target circuit and have a simple design and high reliability. Extensive use of Hall effect sensors in industrial and automotive devices is driving the market growth. 

Horticulture Lighting Market Key Players

• Signify Holding
• Gavita International B.V.
• GE Lighting
• OSRAM GmbH
• Agrolux
• Heliospectra AB
• Hortilux Schréder B.V.
• Lumileds Holding B.V.
• PARsource
• Illumitex Inc.
• Hubbell Inc.
• Maxigrow
• Bridgelux
• Eye Hortilux
• Lumigrow
• Excite LED Grow Lights
• Greens Hydroponics
• UPSHINE Lighting
• TESLUX Lighting s.r.o.
• Hortisystems UK Ltd
• ProGrowTech
• Ronfell Group
• SAMSUNG Electronics Co. Ltd.
• BSSLED Manufacturing Ltd.
• Forge Europa
• Cropmaster LED
• TE Connectivity Ltd.
• Cree, Inc.
• DiCon Lighting
• Valoya
• EVERLIGHT

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Key questions answered in the Horticulture Lighting Market are:

• What is Horticulture Lighting ?
• What are the factors driving the Horticulture Lighting Market growth?
• What are the factors are limiting the Horticulture Lighting Market growth?
• What was the Horticulture Lighting market size in 2021?
• Which trends are expected to generate additional revenue for the Horticulture Lighting market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Horticulture Lighting Market?
• What growth strategies are the players considering to increase their foothold in the Horticulture Lighting Market?
• Who held the largest market share in the Horticulture Lighting Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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