農業用照明市場:光源別(蛍光灯、HID、LED)、用途別(園芸、畜産、養殖)、提供製品別(ハードウェア、ソフトウェア、サービス)、設置タイプ別、ワット数タイプ別、販売チャネル別、地域別 - 2028年までの世界予測Agricultural Lighting Market by Light Source (Fluorescent, HID, LED), Application (Horticulture, Livestock, Aquaculture), Offering (Hardware, Software, Services), Installation Type, Wattage Type, Sales Channel and Region - Global Forecast to 2028 世界の農業用照明市場は、2023年の118億米ドルから2028年には214億米ドルに成長すると予測されている。同市場は、LED技術の技術的進歩、農業用照明を推進する政府イニシアチブの増加、人口増加による食糧需要の増... もっと見る
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サマリー世界の農業用照明市場は、2023年の118億米ドルから2028年には214億米ドルに成長すると予測されている。同市場は、LED技術の技術的進歩、農業用照明を推進する政府イニシアチブの増加、人口増加による食糧需要の増加など、いくつかの要因によって有望な成長が見込まれている。これらすべての要因は、農業用照明市場の成長を促進する上で重要な役割を果たす可能性がある。「長寿命、スペクトル調整可能、エネルギー効率による農業用照明におけるLEDライトの普及率上昇 LED技術セグメントは、農業用照明市場において2023年から2028年にかけて最も高いCAGRで光源別に成長すると予測されている。LED照明は光スペクトルを正確に制御できるため、生産者は特定の作物要件に合わせて光出力を調整できる。植物成長や開花のような植物成長の異なる段階は、異なる光スペクトルの恩恵を受ける。LED技術は、植物の成長、収量、品質を最適化するために、光の波長をカスタマイズすることを可能にします。LED照明には調光機能があり、栽培者は作物のニーズに応じて光強度を調整することができます。この柔軟性により、光量の正確な制御が容易になり、自然光の変化を模倣し、光合成と植物の発育に最適な条件を提供することができる。 "農業自動化のためのソフトウェア要件の高まりが予測期間中に最も高いCAGRを目撃する" ソフトウェア分野は予測期間中に最も高いCAGRで成長すると予測されている。ソフトウェア主導の農業用照明システムは、照明性能、エネルギー消費、作物の反応に関するデータを収集する。このデータを分析することで、作物の成長パターン、照明効率、資源配分に関する貴重な洞察が得られる。データ主導の意思決定により、農家や生産者は照明戦略を最適化し、改善領域を特定し、運用効率を最大化することができる。 「2023年から2028年にかけて50W以下照明製品セグメントの需要増加 50W以下セグメントは、農業経営を始める小規模・初心者生産者に手頃なエントリーレベルのソリューションを提供する。このような費用対効果の高い照明オプションは、新規参入者が多額の初期費用をかけずに照明システムに投資することを可能にし、市場への参入と農業セットアップの確立を容易にする。 "2023年に市場シェアが拡大する新規設置需要の増加" 農家や生産者は、照明が作物の成長、収量、品質に与える影響の大きさをますます認識するようになっている。適切な照明は、光合成を最適化し、植物の発育を促進し、植物生理に影響を与える上で不可欠である。特殊な照明ソリューションの利点に対する認識が広まるにつれ、農業用照明システムの新規設置に対する需要が高まっている。 「予測期間中の利便性向上によるオンライン/電子商取引販売チャネルの需要増加" オンラインプラットフォームは、詳細な製品情報、仕様、カスタマーレビューを提供する。農家や生産者は、さまざまな照明ソリューションに関する包括的な情報を収集し、機能を比較し、他の顧客からのフィードバックを読むことができる。これは、農業経営の特定の要件に基づいて、情報に基づいた購買決定を行うのに役立ちます。世界中の農村部でインターネットへのアクセス可能性が高まっているため、バイヤーはオンラインで製品を購入することが容易になり、オンライン/電子商取引分野の成長がさらに期待される。 「新鮮な農作物への需要の高まりにより、園芸分野は予測期間中に最も高いCAGRを記録する傾向にある。 園芸分野は予測期間中に最も高いCAGRで成長すると予測されている。世界人口の増加に伴う世界的な食品需要の増加が、このセグメントの成長につながる。農業用照明市場における園芸用照明の成長は、制御環境農業の採用拡大、作物特有の照明要件に対する認識、LED技術の進歩、作物の品質と収量への注目、地元産作物や特殊作物に対する市場需要、環境メリットと持続可能性、技術進歩、政府支援によってもたらされる。これらの要因は、農業用照明市場の園芸用照明分野における範囲と機会の拡大に総体的に寄与している。 "アジア太平洋地域は2023年から2028年の間に最大の地理的市場になると予測される" APACは予測期間中、農業用照明市場で最大の市場を保持すると予測されている。これは、人口が継続的に増加し、アジア太平洋地域の食糧需要が増加しているためである。このため、年間を通じて新鮮な果物や野菜を供給するために、CEAのような先進的農業技術の採用が増加している。アジア太平洋地域では、持続可能で環境に優しい農業への注目が高まっている。LED照明のようなエネルギー効率の高い照明ソリューションは、エネルギー消費の削減と環境への影響の低さから支持されている。農業用照明と持続可能性の目標が一致することで、このようなソリューションの採用が促進され、市場成長がさらに促進される。 主要参入企業のプロフィール - 企業別:ティア1=35%、ティア2=45%、ティア3=20 - 役職別Cレベル・エグゼクティブ=40%、ディレクター=35%、その他(セールス、マーケティング、プロダクト・マネージャー、各種組織のメンバー)=25 - 地域別米州=40%、欧州=30%、アジア太平洋=20%、RoW=10 本レポートで紹介する主要企業 農業用照明市場は、Signify Holding(オランダ)、ams-OSRAM GmbH(ドイツ)、Gavita International B.V.(オランダ)、Valoya(フィンランド)、California LightWorks(米国)、DeLaval(スウェーデン)、CBM Lighting(カナダ)、Heliospectra AB(スウェーデン)、Hortilux Schréder(オランダ)など、少数の既存プレーヤーによって支配されている。 調査範囲 本レポートでは、農業用照明市場について、提供製品(ハードウェア、ソフトウェア、サービス)、光源(蛍光灯、HID、LED、その他)、ワット数タイプ(50W以下、50~150W、150W以上)、販売チャネル(小売/卸売、直販、オンライン/Eコマース)、用途(園芸、畜産、水産養殖)、設置タイプ(新設、改修)、地域(北米、欧州、アジア太平洋(APAC)、中東、アフリカ、南米を含むその他の地域(RoW))。 また、農業用照明市場における市場促進要因、阻害要因、機会、課題についても包括的にレビューしています。また、これらの市場の量的側面に加えて質的側面もカバーしています。 レポートを購入する理由 本レポートは、農業用照明市場全体と関連するセグメントおよびサブセグメントにおける収益数の最も近い近似値に関する情報を提供し、同市場のリーダー/新規参入者に役立ちます。本レポートは、利害関係者が競争状況を理解し、事業をより良く位置づけ、適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、本レポートは、関係者が農業用照明市場の脈動を理解し、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供するのに役立ちます。 本レポートは、以下のポイントに関する洞察を提供している: - 主な推進要因(強力な政府支援、生鮮食品に対する需要の高まり、垂直農場と温室への投資の増加、エネルギーコストを最小限に抑え、植物の成長を調整する自動化されたエネルギー効率の高い照明器具の普及)、阻害要因(高いセットアップと設置コスト、作物ごとに異なる光スペクトルの複雑な要件)、機会(農場から食卓へというコンセプトの強化傾向、通年作物生産、農業照明ソフトウェアと計算機の漸進的な出現)、課題(異なるコンポーネントの効果的な統合、標準的な試験方法の欠如)の分析。 - 製品開発/イノベーション:農業用照明市場における今後の技術、研究開発活動、新製品発売に関する詳細な洞察 - 市場開発:有利な市場に関する包括的情報 - 当レポートは様々な地域の農業用照明市場を分析しています。 - 市場の多様化:農業用照明市場における新製品、未開拓地域、最近の開発、投資に関する詳細情報 - 競合評価:Signify Holding社(オランダ)、ams-OSRAM GmbH社(ドイツ)、Gavita International B.V.社(オランダ)、Valoya社(フィンランド)、California LightWorks社(米国)、DeLaval社(スウェーデン)、CBM Lighting社(カナダ)、Heliospectra AB社(スウェーデン)、Hortilux Schréder社(オランダ)などの主要企業の市場シェア、成長戦略、製品提供などを詳細に評価。 目次1 INTRODUCTION 351.1 STUDY OBJECTIVES 35 1.2 MARKET DEFINITION 35 1.2.1 INCLUSIONS AND EXCLUSIONS 36 1.3 STUDY SCOPE 36 1.3.1 MARKETS COVERED 36 FIGURE 1 MARKET SEGMENTATION 36 1.3.2 REGIONAL SCOPE 37 1.3.3 YEARS CONSIDERED 37 1.4 CURRENCY 38 1.5 UNITS CONSIDERED 38 1.6 LIMITATIONS 38 1.7 STAKEHOLDERS 38 1.8 IMPACT OF RECESSION 38 2 RESEARCH METHODOLOGY 39 2.1 RESEARCH DATA 39 FIGURE 2 AGRICULTURAL LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 39 FIGURE 3 AGRICULTURAL LIGHTING MARKET: RESEARCH DESIGN 40 2.1.1 SECONDARY DATA 41 2.1.1.1 List of key secondary sources 41 2.1.1.2 Key data from secondary sources 42 2.1.2 PRIMARY DATA 42 2.1.2.1 Breakdown of primary interviews 43 2.1.2.2 Key data from primary sources 43 2.1.2.3 Primary interviews with experts 44 2.1.3 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS 44 2.1.3.1 Key industry insights 44 2.1.4 SECONDARY AND PRIMARY RESEARCH 45 2.2 MARKET SIZE ESTIMATION 45 2.2.1 BOTTOM-UP APPROACH 46 2.2.1.1 Approach for calculating market size using bottom-up analysis 46 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46 2.2.2 TOP-DOWN APPROACH 46 2.2.2.1 Approach for calculating market size using top-down analysis 46 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 47 FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS 48 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49 FIGURE 8 DATA TRIANGULATION 49 2.4 RESEARCH ASSUMPTIONS 50 TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 50 2.5 LIMITATIONS 50 2.6 RISK ASSESSMENT: AGRICULTURAL LIGHTING MARKET 51 2.7 RECESSION IMPACT 51 3 EXECUTIVE SUMMARY 52 FIGURE 9 HARDWARE OFFERING SEGMENT TO ACCOUNT FOR LARGER SHARE OF AGRICULTURAL LIGHTING MARKET 53 FIGURE 10 LED LIGHT SOURCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE 53 FIGURE 11 NEW INSTALLATIONS SEGMENT TO HOLD LARGER MARKET SHARE 54 FIGURE 12 RETAIL/WHOLESALE SALES CHANNEL TO ACCOUNT FOR LARGEST MARKET SIZE 55 FIGURE 13 BELOW 50W SEGMENT TO HAVE LARGEST MARKET SHARE, BY WATTAGE TYPE 55 FIGURE 14 LIVESTOCK APPLICATION TO HOLD LARGEST MARKET SHARE 56 FIGURE 15 EUROPEAN MARKET TO GROW AT HIGHEST CAGR 56 4 PREMIUM INSIGHTS 58 4.1 ATTRACTIVE OPPORTUNITIES IN AGRICULTURAL LIGHTING MARKET 58 FIGURE 16 INCREASING ADOPTION OF VERTICAL FARMING AND GREENHOUSES TO CREATE GROWTH OPPORTUNITIES IN EUROPEAN MARKET 58 4.2 AGRICULTURAL LIGHTING MARKET, BY OFFERING 58 FIGURE 17 SERVICES OFFERING SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE 58 4.3 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 59 FIGURE 18 HID LIGHT SOURCE TO ACCOUNT FOR SECOND-LARGEST LARGEST MARKET SHARE 59 4.4 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION AND COUNTRY 59 FIGURE 19 LIVESTOCK APPLICATION AND CHINA TO ACCOUNT FOR LARGEST SHARES OF AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC 59 4.5 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 60 FIGURE 20 RETROFIT INSTALLATIONS TO ACCOUNT FOR INCREASED MARKET SHARE 60 4.6 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 60 FIGURE 21 ONLINE/E-COMMERCE SALES CHANNEL TO ACCOUNT FOR INCREASED MARKET SHARE 60 4.7 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 61 FIGURE 22 50-150W SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE, BY WATTAGE TYPE 61 4.8 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 61 FIGURE 23 HORTICULTURE APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST CAGR 61 4.9 AGRICULTURAL LIGHTING MARKET, BY REGION 62 FIGURE 24 AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC TO HOLD LARGEST MARKET SHARE 62 5 MARKET OVERVIEW 63 5.1 INTRODUCTION 63 5.2 MARKET DYNAMICS 63 FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AGRICULTURAL LIGHTING MARKET 63 5.2.1 DRIVERS 64 5.2.1.1 Strong governmental support for controlled environment agriculture and adoption of SSL technology 64 5.2.1.2 Heightened demand for fresh food and loss of arable land 65 FIGURE 26 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050 65 5.2.1.3 Increased investments in vertical farms and greenhouses, along with legalization of cannabis cultivation 66 TABLE 2 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING 67 TABLE 3 REDUCTION IN HARVEST CYCLE USING LED AGRICULTURAL LIGHTING ON CANNABIS STRAINS 67 5.2.1.4 Extensive deployment of LED fixtures in controlled agricultural environment 68 TABLE 4 COMPARISON OF TYPICAL SPECIFICATIONS OF LED AND HID 68 5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth 69 FIGURE 27 DRIVERS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 70 5.2.2 RESTRAINTS 70 5.2.2.1 High setup and installation costs of LED agriculture lights 70 5.2.2.2 Complex requirements for varied light spectra for different crops 71 TABLE 5 STANDARD SPECTRA 71 FIGURE 28 RESTRAINTS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 72 5.2.3 OPPORTUNITIES 72 5.2.3.1 Consolidating trend of farm-to-table concept 72 5.2.3.2 Promising growth opportunities for vertical farming in Asia and Middle East 72 5.2.3.3 Year-round crop production, irrespective of weather conditions 73 5.2.3.4 Gradual emergence of agricultural lighting software and tools 73 FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 74 5.2.4 CHALLENGES 74 5.2.4.1 Deployment of controlled environment agriculture technology in large fields and need for technical knowledge 74 5.2.4.2 Lack of standard testing practices for assessing product quality of agriculture lights and their fixtures 75 5.2.4.3 Effective integration of different components and technologies used in controlled environment agriculture facilities 75 FIGURE 30 CHALLENGES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 76 5.3 VALUE CHAIN ANALYSIS 76 FIGURE 31 AGRICULTURAL LIGHTING MARKET: VALUE CHAIN ANALYSIS 76 5.3.1 RESEARCH AND DEVELOPMENT CENTERS 77 5.3.2 COMPONENT PROVIDERS/INPUT SUPPLIERS 77 5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS 77 5.3.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS 77 5.3.5 DISTRIBUTORS AND SALES PARTNERS 78 5.3.6 END USERS 78 5.4 ECOSYSTEM MAPPING: AGRICULTURAL LIGHTING MARKET 78 FIGURE 32 AGRICULTURAL LIGHTING MARKET: ECOSYSTEM MAPPING 78 TABLE 6 AGRICULTURAL LIGHTING MARKET ECOSYSTEM MAPPING 79 5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 80 5.5.1 PRICING ANALYSIS FOR KEY PLAYERS AND APPLICATION 80 FIGURE 33 INDICATIVE AVERAGE PRICES OF AGRICULTURAL LIGHTING, 2019–2026 80 TABLE 7 INDICATIVE PRICES OF AGRICULTURAL LIGHTING FIXTURES 81 FIGURE 34 AVERAGE SELLING PRICES, BY KEY PLAYER, BY APPLICATION 81 TABLE 8 AVERAGE SELLING PRICES OF DIFFERENT LIGHT SOURCES, BY KEY PLAYER (USD) 82 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 82 FIGURE 35 REVENUE SHIFT FOR AGRICULTURAL LIGHTING 83 5.7 TECHNOLOGY ANALYSIS 83 TABLE 9 LEADING TRENDS IN AGRICULTURAL LIGHTING MARKET 84 5.8 PORTER’S FIVE FORCES ANALYSIS 86 FIGURE 36 AGRICULTURAL LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 86 TABLE 10 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT 87 5.8.1 INTENSITY OF COMPETITIVE RIVALRY 87 5.8.2 BARGAINING POWER OF SUPPLIERS 87 5.8.3 BARGAINING POWER OF BUYERS 87 5.8.4 THREAT OF SUBSTITUTES 88 5.8.5 THREAT OF NEW ENTRANTS 88 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 88 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 88 FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS 88 TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 88 5.9.2 BUYING CRITERIA 89 FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89 TABLE 12 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89 5.10 CASE STUDY ANALYSIS 90 5.10.1 KERNOCK PARK PLANTS 90 TABLE 13 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS) 90 5.10.2 GLENWOOD VALLEY FARMS 90 TABLE 14 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE YIELD 90 5.10.3 GREEN SIMPLICITY 91 TABLE 15 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI 91 5.10.4 NS BRANDS 91 TABLE 16 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS 91 5.11 TRADE ANALYSIS 92 TABLE 17 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 92 FIGURE 39 LAMPS AND LIGHTING FITTINGS, IMPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 92 TABLE 18 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 93 FIGURE 40 LAMPS AND LIGHTING FITTINGS, EXPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 93 5.12 PATENT ANALYSIS 94 FIGURE 41 NUMBER OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 94 FIGURE 42 REGIONAL ANALYSIS OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 95 TABLE 19 LIST OF FEW PATENTS IN AGRICULTURAL LIGHTING, 2019–2022 95 TABLE 20 AGRICULTURAL LIGHTING: DETAILED LIST OF CONFERENCES AND EVENTS 97 5.13 TARIFF AND REGULATORY LANDSCAPE 99 5.13.1 REGULATIONS: AGRICULTURAL LIGHTING 99 TABLE 21 REGULATIONS: AGRICULTURAL LIGHTING 99 5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101 TABLE 25 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101 5.13.3 STANDARDS 101 5.13.4 TARIFFS: AGRICULTURAL LIGHTING 102 6 AGRICULTURAL LIGHTING MARKET, BY OFFERING 103 6.1 INTRODUCTION 104 FIGURE 43 AGRICULTURAL LIGHTING MARKET, BY OFFERING 104 FIGURE 44 HARDWARE SEGMENT TO HOLD LARGER MARKET SIZE 105 TABLE 26 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 105 TABLE 27 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 105 6.2 HARDWARE 106 6.2.1 INCREASED DEMAND FOR LIGHTING TO DRIVE SEGMENT 106 TABLE 28 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 106 TABLE 29 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 106 6.2.2 LIGHTING FIXTURES 107 6.2.2.1 Lamps 107 6.2.2.2 Luminaires 107 6.2.3 LIGHTING CONTROLS 108 FIGURE 45 LIGHTING FIXTURES TO HAVE LARGER MARKET SHARE IN HARDWARE SEGMENT 109 TABLE 30 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 110 TABLE 31 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 110 6.3 SOFTWARE 110 6.3.1 INCREASING ADOPTION OF AGRICULTURAL LIGHTING SOFTWARE TO ENSURE SEAMLESS OPERATIONS OF FARMING ACTIVITIES 110 TABLE 32 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111 TABLE 33 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 112 6.4 SERVICES 112 6.4.1 INSTALLATION, MAINTENANCE, AND MONITORING TO BOOST SEGMENT 112 TABLE 34 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 112 TABLE 35 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113 6.4.2 PROFESSIONAL SERVICES 113 6.4.3 MANAGED SERVICES 114 TABLE 36 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 114 TABLE 37 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 114 7 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 115 7.1 INTRODUCTION 116 FIGURE 46 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 116 FIGURE 47 LED SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 116 TABLE 38 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 117 TABLE 39 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 117 7.2 FLUORESCENT 118 7.2.1 INCREASED INDOOR FARMING TO BOOST MARKET 118 7.2.2 T5 FLUORESCENT LIGHTS 118 7.2.3 COMPACT FLUORESCENT LAMP (CFL) 119 TABLE 40 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 119 TABLE 41 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120 7.3 HIGH-INTENSITY DISCHARGE (HID) 120 7.3.1 HIGH LIGHT OUTPUT IN AQUACULTURE TO INCREASE DEMAND 120 7.3.2 HIGH-PRESSURE SODIUM (HPS) LAMPS 121 7.3.3 METAL-HALIDE (MH) LAMPS 121 TABLE 42 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122 TABLE 43 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122 7.4 LIGHT-EMITTING DIODE (LED) 122 7.4.1 LED LIGHTS ADOPTED IN INDOOR FARMING FOR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY 122 TABLE 44 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 124 TABLE 45 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124 7.5 OTHERS 125 TABLE 46 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 126 TABLE 47 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126 8 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 127 8.1 INTRODUCTION 128 FIGURE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 128 FIGURE 49 BELOW 50W WATTAGE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 129 TABLE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 129 TABLE 49 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 129 8.2 BELOW 50W 130 8.2.1 EXTENSIVE USE OF LED LIGHTS OF BELOW 50W TO HOLD LARGEST MARKET SHARE 130 TABLE 50 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 130 TABLE 51 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131 8.3 50–150W 131 8.3.1 REPLACEMENT OF EXPENSIVE METAL HALIDES TO RESULT IN SIGNIFICANT GROWTH OF SEGMENT 131 TABLE 52 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132 TABLE 53 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132 8.4 ABOVE 150W 132 8.4.1 INCREASED SAFETY AND REQUIREMENT FOR BRIGHTER ILLUMINATION TO DRIVE MARKET 132 TABLE 54 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 133 TABLE 55 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 133 9 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 134 9.1 INTRODUCTION 135 FIGURE 50 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 135 FIGURE 51 NEW INSTALLATION TYPE TO HOLD A LARGER MARKET FOR AGRICULTURAL LIGHTING BETWEEN 2023 AND 2028 136 TABLE 56 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 136 TABLE 57 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 136 9.2 NEW INSTALLATION 137 9.2.1 INCREASING POPULATION AND DEMAND TO DRIVE MARKET 137 TABLE 58 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 138 TABLE 59 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138 9.3 RETROFIT INSTALLATION 138 9.3.1 UPCOMING LED TECHNOLOGY TO INCREASE DEMAND 138 TABLE 60 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 139 TABLE 61 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, BY APPLICATION, 2023–2028 (USD MILLION) 140 10 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 141 10.1 INTRODUCTION 142 FIGURE 52 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 142 FIGURE 53 ONLINE/E-COMMERCE SALES CHANNEL TO RECORD HIGHEST CAGR IN AGRICULTURAL LIGHTING MARKET 142 TABLE 62 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 143 TABLE 63 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 143 10.2 RETAIL/WHOLESALE 143 10.2.1 MAJOR MARKET SHARE OF RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO DRIVE MARKET 143 TABLE 64 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 144 TABLE 65 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 144 10.3 DIRECT SALES/CONTRACT-BASED 145 10.3.1 LESS INTERFERENCE FROM THIRD PARTIES TO RESULT IN REDUCTION OF PROCUREMENT COSTS 145 TABLE 66 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 145 TABLE 67 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 146 10.4 ONLINE/E-COMMERCE 146 10.4.1 E-COMMERCE-BASED FARM LIGHTING SALES TO INCREASE SIGNIFICANTLY 146 TABLE 68 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147 TABLE 69 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147 11 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 148 11.1 INTRODUCTION 149 FIGURE 54 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 149 FIGURE 55 HORTICULTURE TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 150 TABLE 70 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150 TABLE 71 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150 11.2 HORTICULTURE 151 11.2.1 RISING DEMAND FOR FRESH FARM FOOD TO DRIVE MARKET 151 FIGURE 56 AGRICULTURAL LIGHTING MARKET, BY HORTICULTURE 152 FIGURE 57 GREENHOUSES SEGMENT TO GROW AT A SIGNIFICANT RATE DURING FORECAST PERIOD 152 TABLE 72 HORTICULTURE: AGRICULTURAL LIGHTING MARKET: BY APPLICATION, 2019–2022 (USD MILLION) 153 TABLE 73 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 153 TABLE 74 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 153 TABLE 75 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 154 TABLE 76 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 154 TABLE 77 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 154 TABLE 78 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 155 TABLE 79 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 155 TABLE 80 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 155 TABLE 81 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 156 TABLE 82 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 156 TABLE 83 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 156 TABLE 84 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 156 TABLE 85 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 157 11.2.2 GREENHOUSES 157 TABLE 86 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 158 TABLE 87 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 159 11.2.3 VERTICAL FARMS 159 TABLE 88 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 161 TABLE 89 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 161 11.2.4 OTHERS 161 11.2.4.1 Indoor farms 161 11.2.4.2 Cannabis and research applications 162 TABLE 90 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 163 TABLE 91 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 163 11.3 LIVESTOCK 164 11.3.1 RISING DEMAND FOR MILK, MEAT, AND EGGS TO INCREASE MARKET SHARE 164 FIGURE 58 AGRICULTURAL LIGHTING MARKET, BY LIVESTOCK 164 FIGURE 59 CATTLE/DAIRY FARMS TO BE LARGEST LIVESTOCK APPLICATION FOR IN 2023 165 TABLE 92 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165 TABLE 93 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165 TABLE 94 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 166 TABLE 95 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 166 TABLE 96 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 166 TABLE 97 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 167 TABLE 98 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 167 TABLE 99 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 167 TABLE 100 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 168 TABLE 101 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 168 TABLE 102 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 168 TABLE 103 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 168 TABLE 104 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 169 TABLE 105 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 169 11.3.2 CATTLE/DAIRY FARMS 169 TABLE 106 RECOMMENDED LIGHT LEVELS FOR DAIRY 170 TABLE 107 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET: BY REGION, 2019–2022 (USD MILLION) 170 TABLE 108 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 171 11.3.3 SWINE FARMS 171 TABLE 109 RECOMMENDED LIGHT INTENSITY AND PHOTOPERIOD FOR SWINE 171 TABLE 110 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 172 TABLE 111 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 172 11.3.4 POULTRY FARMS 173 TABLE 112 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 174 TABLE 113 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 174 11.4 AQUACULTURE 174 11.4.1 INCREASED DEMAND FOR FARMED FISH TO CREATE SIGNIFICANT DEMAND 174 TABLE 114 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 175 TABLE 115 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 175 TABLE 116 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 176 TABLE 117 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 176 TABLE 118 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 176 TABLE 119 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 177 TABLE 120 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 177 TABLE 121 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 177 TABLE 122 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 178 TABLE 123 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 178 TABLE 124 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 178 TABLE 125 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 178 12 AGRICULTURAL LIGHTING MARKET, BY REGION 179 12.1 INTRODUCTION 180 FIGURE 60 AGRICULTURAL LIGHTING MARKET, BY REGION 180 FIGURE 61 AGRICULTURAL LIGHTING MARKET, BY COUNTRY/REGION 180 TABLE 126 AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 181 TABLE 127 AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 181 12.2 AMERICAS 181 FIGURE 62 AMERICAS: AGRICULTURAL LIGHTING MARKET SNAPSHOT 182 TABLE 128 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 182 TABLE 129 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 183 TABLE 130 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 183 TABLE 131 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 183 12.2.1 NORTH AMERICA 183 FIGURE 63 MEXICO TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 184 TABLE 132 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 184 TABLE 133 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 184 12.2.1.1 US 185 12.2.1.1.1 Increasing number of vertical farms to drive market 185 12.2.1.2 Canada 186 12.2.1.2.1 Unfavorable climatic conditions necessitate adoption of agricultural lighting 186 12.2.1.3 Mexico 187 12.2.1.3.1 Growing population and scarcity of resources to fuel adoption of agricultural lighting 187 12.2.2 SOUTH AMERICA 188 FIGURE 64 AGRICULTURAL LIGHTING MARKET: SOUTH AMERICA, BY COUNTRY 188 TABLE 134 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 188 TABLE 135 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 189 12.2.2.1 Brazil 189 12.2.2.1.1 Increasing greenhouses in region to fuel market demand 189 12.2.2.2 Argentina 189 12.2.2.2.1 Land scarcity to drive demand for effective lighting and modern agricultural techniques 189 12.2.2.3 Rest of South America 190 12.2.3 IMPACT OF RECESSION ON AMERICAS 190 12.3 EUROPE 191 FIGURE 65 EUROPE: AGRICULTURAL LIGHTING MARKET SNAPSHOT 192 TABLE 136 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 193 TABLE 137 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 193 TABLE 138 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 193 TABLE 139 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 194 12.3.1 UK 194 12.3.1.1 Increasing vertical farms and greenhouses to fuel demand for agricultural lighting 194 12.3.2 GERMANY 195 12.3.2.1 Presence of prominent agricultural lighting players to fuel market demand 195 12.3.3 FRANCE 195 12.3.3.1 High potential growth in aquaculture to boost market 195 12.3.4 NETHERLANDS 196 12.3.4.1 Presence of established greenhouses to support market growth 196 12.3.5 SPAIN 197 12.3.5.1 Increased greenhouse production to boost demand 197 12.3.6 REST OF EUROPE 197 12.3.7 IMPACT OF RECESSION ON EUROPE 198 12.4 ASIA PACIFIC 199 FIGURE 66 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET SNAPSHOT 199 TABLE 140 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 200 TABLE 141 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200 TABLE 142 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 200 TABLE 143 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201 12.4.1 CHINA 201 12.4.1.1 Affordability and availability of LED lighting systems to fuel demand 201 12.4.2 JAPAN 202 12.4.2.1 Rising adoption of urban farming practices to encourage use of agricultural lights 202 12.4.3 INDIA 203 12.4.3.1 High adoption rate for greenhouses and vertical farms to drive market 203 12.4.4 SOUTH KOREA 203 12.4.4.1 Adoption of advanced aquaculture technologies to drive market 203 12.4.5 AUSTRALIA 204 12.4.5.1 Legalization of cannabis cultivation, along with less rainfall, to drive market 204 12.4.6 REST OF ASIA PACIFIC 204 12.4.7 IMPACT OF RECESSION ON ASIA PACIFIC 205 12.5 REST OF THE WORLD (ROW) 206 TABLE 144 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 206 TABLE 145 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 206 FIGURE 67 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION 207 TABLE 146 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 207 TABLE 147 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 207 12.5.1 MIDDLE EAST 208 12.5.1.1 Increasing investments for local food production to boost market 208 12.5.2 AFRICA 208 12.5.2.1 Unfavorable climatic conditions to increase adoption of agricultural lighting 208 12.5.3 IMPACT OF RECESSION ON REST OF THE WORLD 209 13 COMPETITIVE LANDSCAPE 210 13.1 INTRODUCTION 210 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 210 TABLE 148 OVERVIEW OF STRATEGIES DEPLOYED BY AGRICULTURAL LIGHTING MARKET PLAYERS 210 13.2.1 PRODUCT PORTFOLIO 211 13.2.2 REGIONAL FOCUS 212 13.2.3 MANUFACTURING FOOTPRINT 212 13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 212 13.3 MARKET SHARE ANALYSIS 212 TABLE 149 AGRICULTURAL LIGHTING MARKET: INTENSITY OF COMPETITIVE RIVALRY, 2022 213 13.4 REVENUE ANALYSIS OF TOP PLAYERS 213 FIGURE 68 FIVE-YEAR REVENUE ANALYSIS OF LEADING MARKET PLAYERS (2018–2022) 213 13.5 COMPANY EVALUATION MATRIX 215 13.5.1 STARS 215 13.5.2 EMERGING LEADERS 215 13.5.3 PERVASIVE PLAYERS 215 13.5.4 PARTICIPANTS 216 FIGURE 69 AGRICULTURAL LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 216 TABLE 150 COMPANY FOOTPRINT 217 TABLE 151 APPLICATION FOOTPRINT 218 TABLE 152 COMPANY OFFERING FOOTPRINT 219 TABLE 153 COMPANY REGION FOOTPRINT 220 13.6 COMPETITIVE BENCHMARKING 222 13.6.1 STARTUP EVALUATION MATRIX: AGRICULTURAL LIGHTING MARKET 222 TABLE 154 AGRICULTURAL LIGHTING MARKET: DETAILED LIST OF KEY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 222 TABLE 155 AGRICULTURAL LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY SMES 228 13.7 SME EVALUATION MATRIX 229 13.7.1 PROGRESSIVE COMPANIES 229 13.7.2 RESPONSIVE COMPANIES 229 13.7.3 DYNAMIC COMPANIES 229 13.7.4 STARTING BLOCKS 229 FIGURE 70 AGRICULTURAL LIGHTING MARKET (GLOBAL): SME EVALUATION MATRIX, 2022 230 13.8 COMPETITIVE SCENARIO 231 13.8.1 PRODUCT LAUNCHES 231 TABLE 156 AGRICULTURAL LIGHTING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020 –MAY 2023 231 13.8.2 DEALS 233 TABLE 157 AGRICULTURAL LIGHTING MARKET: DEALS, JANUARY 2020–MAY 2023 233 13.8.3 OTHERS 235 TABLE 158 AGRICULTURAL LIGHTING MARKET: OTHERS, JANUARY 2020–MAY 2023 235 14 COMPANY PROFILES 237 (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 14.1 KEY PLAYERS 237 14.1.1 SIGNIFY HOLDING 237 TABLE 159 SIGNIFY HOLDING: COMPANY OVERVIEW 238 FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT 238 14.1.2 DELAVAL 243 TABLE 160 DELAVAL: COMPANY OVERVIEW 243 FIGURE 72 DELAVAL: COMPANY SNAPSHOT 244 14.1.3 LELY 246 TABLE 161 LELY: COMPANY OVERVIEW 246 14.1.4 SUNBIRD 248 TABLE 162 SUNBIRD: COMPANY OVERVIEW 248 14.1.5 CBM LIGHTING 250 TABLE 163 CBM LIGHTING: COMPANY OVERVIEW 250 14.1.6 ONCE 252 TABLE 164 ONCE: COMPANY OVERVIEW 252 14.1.7 HATO AGRICULTURAL LIGHTING 254 TABLE 165 HATO AGRICULTURAL LIGHTING: COMPANY OVERVIEW 254 14.1.8 AKVA GROUP 256 TABLE 166 AKVA GROUP: COMPANY OVERVIEW 256 FIGURE 73 AKVA GROUP: COMPANY SNAPSHOT 257 14.1.9 GAVITA INTERNATIONAL B.V. 259 TABLE 167 GAVITA INTERNATIONAL B.V.: COMPANY OVERVIEW 259 14.1.10 AMS-OSRAM AG (PART OF AMS AG) 262 TABLE 168 AMS-OSRAM AG: COMPANY OVERVIEW 262 FIGURE 74 AMS-OSRAM AG: COMPANY SNAPSHOT 263 14.1.11 HELIOSPECTRA AB 267 TABLE 169 HELIOSPECTRA AB: COMPANY OVERVIEW 267 FIGURE 75 HELIOSPECTRA AB: COMPANY SNAPSHOT 268 14.1.12 CALIFORNIA LIGHTWORKS 271 TABLE 170 CALIFORNIA LIGHTWORKS: COMPANY OVERVIEW 271 14.1.13 HORTILUX SCHRÉDER (DOOL INDUSTRIES) 274 TABLE 171 HORTILUX SCHRÉDER: COMPANY OVERVIEW 274 14.1.14 VALOYA 277 TABLE 172 VALOYA: COMPANY OVERVIEW 277 14.2 OTHER PLAYERS 280 14.2.1 HUBBELL 280 14.2.2 SAMSUNG 281 14.2.3 FIENHAGE POULTRY SOLUTIONS 282 14.2.4 UNI-LIGHTLED LED 282 14.2.5 HELIO LED LIGHTING 283 14.2.6 ADOLF SCHUCH GMBH 284 14.2.7 PLANET LIGHTING 285 14.2.8 ARUNA LIGHTING 285 14.2.9 BIG DUTCHMAN 286 14.2.10 SHENZHEN HONTECH-WINS ELECTRONICS CO., LTD 287 14.2.11 LUMINUS, INC. 288 14.2.12 NICHIA CORPORATION 289 14.2.13 EVERLIGHT ELECTRONICS CO., LTD. 290 14.2.14 ILLUMINAR LIGHTING 291 14.2.15 CREE LIGHTING 292 14.2.16 GE LIGHTING, A SAVANT COMPANY 293 14.2.17 ILLUMITEX 294 14.2.18 SENMATIC 295 14.2.19 OREON 296 14.2.20 FLUENCE 297 14.2.21 APACHE TECH, INC. 298 14.2.22 BIOLOGICAL INNOVATION AND OPTIMIZATION SYSTEMS, LLC. (BIOS LIGHTING) 299 14.2.23 EYE HORTILUX 300 *Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 15 APPENDIX 301 15.1 DISCUSSION GUIDE 301 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 305 15.3 CUSTOMIZATION OPTIONS 307 15.4 RELATED REPORTS 307 15.5 AUTHOR DETAILS 308
SummaryThe global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives to promote agricultural lighting, growing demand for food owing to the increasing population. All these factors could play a key role in driving the growth of the agricultural lighting market. Table of Contents1 INTRODUCTION 351.1 STUDY OBJECTIVES 35 1.2 MARKET DEFINITION 35 1.2.1 INCLUSIONS AND EXCLUSIONS 36 1.3 STUDY SCOPE 36 1.3.1 MARKETS COVERED 36 FIGURE 1 MARKET SEGMENTATION 36 1.3.2 REGIONAL SCOPE 37 1.3.3 YEARS CONSIDERED 37 1.4 CURRENCY 38 1.5 UNITS CONSIDERED 38 1.6 LIMITATIONS 38 1.7 STAKEHOLDERS 38 1.8 IMPACT OF RECESSION 38 2 RESEARCH METHODOLOGY 39 2.1 RESEARCH DATA 39 FIGURE 2 AGRICULTURAL LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 39 FIGURE 3 AGRICULTURAL LIGHTING MARKET: RESEARCH DESIGN 40 2.1.1 SECONDARY DATA 41 2.1.1.1 List of key secondary sources 41 2.1.1.2 Key data from secondary sources 42 2.1.2 PRIMARY DATA 42 2.1.2.1 Breakdown of primary interviews 43 2.1.2.2 Key data from primary sources 43 2.1.2.3 Primary interviews with experts 44 2.1.3 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS 44 2.1.3.1 Key industry insights 44 2.1.4 SECONDARY AND PRIMARY RESEARCH 45 2.2 MARKET SIZE ESTIMATION 45 2.2.1 BOTTOM-UP APPROACH 46 2.2.1.1 Approach for calculating market size using bottom-up analysis 46 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46 2.2.2 TOP-DOWN APPROACH 46 2.2.2.1 Approach for calculating market size using top-down analysis 46 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 47 FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS 48 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49 FIGURE 8 DATA TRIANGULATION 49 2.4 RESEARCH ASSUMPTIONS 50 TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 50 2.5 LIMITATIONS 50 2.6 RISK ASSESSMENT: AGRICULTURAL LIGHTING MARKET 51 2.7 RECESSION IMPACT 51 3 EXECUTIVE SUMMARY 52 FIGURE 9 HARDWARE OFFERING SEGMENT TO ACCOUNT FOR LARGER SHARE OF AGRICULTURAL LIGHTING MARKET 53 FIGURE 10 LED LIGHT SOURCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE 53 FIGURE 11 NEW INSTALLATIONS SEGMENT TO HOLD LARGER MARKET SHARE 54 FIGURE 12 RETAIL/WHOLESALE SALES CHANNEL TO ACCOUNT FOR LARGEST MARKET SIZE 55 FIGURE 13 BELOW 50W SEGMENT TO HAVE LARGEST MARKET SHARE, BY WATTAGE TYPE 55 FIGURE 14 LIVESTOCK APPLICATION TO HOLD LARGEST MARKET SHARE 56 FIGURE 15 EUROPEAN MARKET TO GROW AT HIGHEST CAGR 56 4 PREMIUM INSIGHTS 58 4.1 ATTRACTIVE OPPORTUNITIES IN AGRICULTURAL LIGHTING MARKET 58 FIGURE 16 INCREASING ADOPTION OF VERTICAL FARMING AND GREENHOUSES TO CREATE GROWTH OPPORTUNITIES IN EUROPEAN MARKET 58 4.2 AGRICULTURAL LIGHTING MARKET, BY OFFERING 58 FIGURE 17 SERVICES OFFERING SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE 58 4.3 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 59 FIGURE 18 HID LIGHT SOURCE TO ACCOUNT FOR SECOND-LARGEST LARGEST MARKET SHARE 59 4.4 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION AND COUNTRY 59 FIGURE 19 LIVESTOCK APPLICATION AND CHINA TO ACCOUNT FOR LARGEST SHARES OF AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC 59 4.5 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 60 FIGURE 20 RETROFIT INSTALLATIONS TO ACCOUNT FOR INCREASED MARKET SHARE 60 4.6 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 60 FIGURE 21 ONLINE/E-COMMERCE SALES CHANNEL TO ACCOUNT FOR INCREASED MARKET SHARE 60 4.7 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 61 FIGURE 22 50-150W SEGMENT TO ACCOUNT FOR SECOND-LARGEST MARKET SHARE, BY WATTAGE TYPE 61 4.8 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 61 FIGURE 23 HORTICULTURE APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST CAGR 61 4.9 AGRICULTURAL LIGHTING MARKET, BY REGION 62 FIGURE 24 AGRICULTURAL LIGHTING MARKET IN ASIA PACIFIC TO HOLD LARGEST MARKET SHARE 62 5 MARKET OVERVIEW 63 5.1 INTRODUCTION 63 5.2 MARKET DYNAMICS 63 FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AGRICULTURAL LIGHTING MARKET 63 5.2.1 DRIVERS 64 5.2.1.1 Strong governmental support for controlled environment agriculture and adoption of SSL technology 64 5.2.1.2 Heightened demand for fresh food and loss of arable land 65 FIGURE 26 POPULATION VS. ARABLE LAND STATISTICS, 1950–2050 65 5.2.1.3 Increased investments in vertical farms and greenhouses, along with legalization of cannabis cultivation 66 TABLE 2 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING 67 TABLE 3 REDUCTION IN HARVEST CYCLE USING LED AGRICULTURAL LIGHTING ON CANNABIS STRAINS 67 5.2.1.4 Extensive deployment of LED fixtures in controlled agricultural environment 68 TABLE 4 COMPARISON OF TYPICAL SPECIFICATIONS OF LED AND HID 68 5.2.1.5 Widespread use of automated and energy-efficient lighting fixtures to minimize energy costs and regulate plant growth 69 FIGURE 27 DRIVERS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 70 5.2.2 RESTRAINTS 70 5.2.2.1 High setup and installation costs of LED agriculture lights 70 5.2.2.2 Complex requirements for varied light spectra for different crops 71 TABLE 5 STANDARD SPECTRA 71 FIGURE 28 RESTRAINTS AND THEIR IMPACT ON AGRICULTURAL LIGHTING 72 5.2.3 OPPORTUNITIES 72 5.2.3.1 Consolidating trend of farm-to-table concept 72 5.2.3.2 Promising growth opportunities for vertical farming in Asia and Middle East 72 5.2.3.3 Year-round crop production, irrespective of weather conditions 73 5.2.3.4 Gradual emergence of agricultural lighting software and tools 73 FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 74 5.2.4 CHALLENGES 74 5.2.4.1 Deployment of controlled environment agriculture technology in large fields and need for technical knowledge 74 5.2.4.2 Lack of standard testing practices for assessing product quality of agriculture lights and their fixtures 75 5.2.4.3 Effective integration of different components and technologies used in controlled environment agriculture facilities 75 FIGURE 30 CHALLENGES AND THEIR IMPACT ON AGRICULTURAL LIGHTING 76 5.3 VALUE CHAIN ANALYSIS 76 FIGURE 31 AGRICULTURAL LIGHTING MARKET: VALUE CHAIN ANALYSIS 76 5.3.1 RESEARCH AND DEVELOPMENT CENTERS 77 5.3.2 COMPONENT PROVIDERS/INPUT SUPPLIERS 77 5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS 77 5.3.4 SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS 77 5.3.5 DISTRIBUTORS AND SALES PARTNERS 78 5.3.6 END USERS 78 5.4 ECOSYSTEM MAPPING: AGRICULTURAL LIGHTING MARKET 78 FIGURE 32 AGRICULTURAL LIGHTING MARKET: ECOSYSTEM MAPPING 78 TABLE 6 AGRICULTURAL LIGHTING MARKET ECOSYSTEM MAPPING 79 5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 80 5.5.1 PRICING ANALYSIS FOR KEY PLAYERS AND APPLICATION 80 FIGURE 33 INDICATIVE AVERAGE PRICES OF AGRICULTURAL LIGHTING, 2019–2026 80 TABLE 7 INDICATIVE PRICES OF AGRICULTURAL LIGHTING FIXTURES 81 FIGURE 34 AVERAGE SELLING PRICES, BY KEY PLAYER, BY APPLICATION 81 TABLE 8 AVERAGE SELLING PRICES OF DIFFERENT LIGHT SOURCES, BY KEY PLAYER (USD) 82 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 82 FIGURE 35 REVENUE SHIFT FOR AGRICULTURAL LIGHTING 83 5.7 TECHNOLOGY ANALYSIS 83 TABLE 9 LEADING TRENDS IN AGRICULTURAL LIGHTING MARKET 84 5.8 PORTER’S FIVE FORCES ANALYSIS 86 FIGURE 36 AGRICULTURAL LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 86 TABLE 10 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT 87 5.8.1 INTENSITY OF COMPETITIVE RIVALRY 87 5.8.2 BARGAINING POWER OF SUPPLIERS 87 5.8.3 BARGAINING POWER OF BUYERS 87 5.8.4 THREAT OF SUBSTITUTES 88 5.8.5 THREAT OF NEW ENTRANTS 88 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 88 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 88 FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS 88 TABLE 11 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 88 5.9.2 BUYING CRITERIA 89 FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89 TABLE 12 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 89 5.10 CASE STUDY ANALYSIS 90 5.10.1 KERNOCK PARK PLANTS 90 TABLE 13 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS) 90 5.10.2 GLENWOOD VALLEY FARMS 90 TABLE 14 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE YIELD 90 5.10.3 GREEN SIMPLICITY 91 TABLE 15 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI 91 5.10.4 NS BRANDS 91 TABLE 16 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS 91 5.11 TRADE ANALYSIS 92 TABLE 17 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 92 FIGURE 39 LAMPS AND LIGHTING FITTINGS, IMPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 92 TABLE 18 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, BY COUNTRY, 2017–2021 (USD MILLION) 93 FIGURE 40 LAMPS AND LIGHTING FITTINGS, EXPORT VALUES FOR MAJOR COUNTRIES, 2017–2021 93 5.12 PATENT ANALYSIS 94 FIGURE 41 NUMBER OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 94 FIGURE 42 REGIONAL ANALYSIS OF PATENTS GRANTED FOR AGRICULTURAL LIGHTING MARKET, 2013–2022 95 TABLE 19 LIST OF FEW PATENTS IN AGRICULTURAL LIGHTING, 2019–2022 95 TABLE 20 AGRICULTURAL LIGHTING: DETAILED LIST OF CONFERENCES AND EVENTS 97 5.13 TARIFF AND REGULATORY LANDSCAPE 99 5.13.1 REGULATIONS: AGRICULTURAL LIGHTING 99 TABLE 21 REGULATIONS: AGRICULTURAL LIGHTING 99 5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100 TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101 TABLE 25 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101 5.13.3 STANDARDS 101 5.13.4 TARIFFS: AGRICULTURAL LIGHTING 102 6 AGRICULTURAL LIGHTING MARKET, BY OFFERING 103 6.1 INTRODUCTION 104 FIGURE 43 AGRICULTURAL LIGHTING MARKET, BY OFFERING 104 FIGURE 44 HARDWARE SEGMENT TO HOLD LARGER MARKET SIZE 105 TABLE 26 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 105 TABLE 27 AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 105 6.2 HARDWARE 106 6.2.1 INCREASED DEMAND FOR LIGHTING TO DRIVE SEGMENT 106 TABLE 28 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 106 TABLE 29 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 106 6.2.2 LIGHTING FIXTURES 107 6.2.2.1 Lamps 107 6.2.2.2 Luminaires 107 6.2.3 LIGHTING CONTROLS 108 FIGURE 45 LIGHTING FIXTURES TO HAVE LARGER MARKET SHARE IN HARDWARE SEGMENT 109 TABLE 30 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 110 TABLE 31 HARDWARE: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 110 6.3 SOFTWARE 110 6.3.1 INCREASING ADOPTION OF AGRICULTURAL LIGHTING SOFTWARE TO ENSURE SEAMLESS OPERATIONS OF FARMING ACTIVITIES 110 TABLE 32 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111 TABLE 33 SOFTWARE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 112 6.4 SERVICES 112 6.4.1 INSTALLATION, MAINTENANCE, AND MONITORING TO BOOST SEGMENT 112 TABLE 34 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 112 TABLE 35 SERVICES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113 6.4.2 PROFESSIONAL SERVICES 113 6.4.3 MANAGED SERVICES 114 TABLE 36 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2019–2022 (USD MILLION) 114 TABLE 37 SERVICES: AGRICULTURAL LIGHTING MARKET, BY TYPE, 2023–2028 (USD MILLION) 114 7 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 115 7.1 INTRODUCTION 116 FIGURE 46 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE 116 FIGURE 47 LED SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 116 TABLE 38 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 117 TABLE 39 AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 117 7.2 FLUORESCENT 118 7.2.1 INCREASED INDOOR FARMING TO BOOST MARKET 118 7.2.2 T5 FLUORESCENT LIGHTS 118 7.2.3 COMPACT FLUORESCENT LAMP (CFL) 119 TABLE 40 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 119 TABLE 41 FLUORESCENT LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120 7.3 HIGH-INTENSITY DISCHARGE (HID) 120 7.3.1 HIGH LIGHT OUTPUT IN AQUACULTURE TO INCREASE DEMAND 120 7.3.2 HIGH-PRESSURE SODIUM (HPS) LAMPS 121 7.3.3 METAL-HALIDE (MH) LAMPS 121 TABLE 42 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122 TABLE 43 HID LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122 7.4 LIGHT-EMITTING DIODE (LED) 122 7.4.1 LED LIGHTS ADOPTED IN INDOOR FARMING FOR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY 122 TABLE 44 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 124 TABLE 45 LED LIGHT SOURCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124 7.5 OTHERS 125 TABLE 46 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 126 TABLE 47 OTHER LIGHT SOURCES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126 8 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 127 8.1 INTRODUCTION 128 FIGURE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE 128 FIGURE 49 BELOW 50W WATTAGE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 129 TABLE 48 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 129 TABLE 49 AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 129 8.2 BELOW 50W 130 8.2.1 EXTENSIVE USE OF LED LIGHTS OF BELOW 50W TO HOLD LARGEST MARKET SHARE 130 TABLE 50 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 130 TABLE 51 BELOW 50W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131 8.3 50–150W 131 8.3.1 REPLACEMENT OF EXPENSIVE METAL HALIDES TO RESULT IN SIGNIFICANT GROWTH OF SEGMENT 131 TABLE 52 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132 TABLE 53 50-150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132 8.4 ABOVE 150W 132 8.4.1 INCREASED SAFETY AND REQUIREMENT FOR BRIGHTER ILLUMINATION TO DRIVE MARKET 132 TABLE 54 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 133 TABLE 55 ABOVE 150W: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 133 9 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 134 9.1 INTRODUCTION 135 FIGURE 50 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE 135 FIGURE 51 NEW INSTALLATION TYPE TO HOLD A LARGER MARKET FOR AGRICULTURAL LIGHTING BETWEEN 2023 AND 2028 136 TABLE 56 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 136 TABLE 57 AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 136 9.2 NEW INSTALLATION 137 9.2.1 INCREASING POPULATION AND DEMAND TO DRIVE MARKET 137 TABLE 58 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 138 TABLE 59 NEW INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138 9.3 RETROFIT INSTALLATION 138 9.3.1 UPCOMING LED TECHNOLOGY TO INCREASE DEMAND 138 TABLE 60 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 139 TABLE 61 RETROFIT INSTALLATION: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, BY APPLICATION, 2023–2028 (USD MILLION) 140 10 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 141 10.1 INTRODUCTION 142 FIGURE 52 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL 142 FIGURE 53 ONLINE/E-COMMERCE SALES CHANNEL TO RECORD HIGHEST CAGR IN AGRICULTURAL LIGHTING MARKET 142 TABLE 62 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 143 TABLE 63 AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 143 10.2 RETAIL/WHOLESALE 143 10.2.1 MAJOR MARKET SHARE OF RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO DRIVE MARKET 143 TABLE 64 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 144 TABLE 65 RETAIL/WHOLESALE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 144 10.3 DIRECT SALES/CONTRACT-BASED 145 10.3.1 LESS INTERFERENCE FROM THIRD PARTIES TO RESULT IN REDUCTION OF PROCUREMENT COSTS 145 TABLE 66 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 145 TABLE 67 DIRECT SALES: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 146 10.4 ONLINE/E-COMMERCE 146 10.4.1 E-COMMERCE-BASED FARM LIGHTING SALES TO INCREASE SIGNIFICANTLY 146 TABLE 68 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147 TABLE 69 ONLINE/E-COMMERCE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147 11 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 148 11.1 INTRODUCTION 149 FIGURE 54 AGRICULTURAL LIGHTING MARKET, BY APPLICATION 149 FIGURE 55 HORTICULTURE TO GROW AT HIGHEST CAGR FROM 2023 TO 2028 150 TABLE 70 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150 TABLE 71 AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150 11.2 HORTICULTURE 151 11.2.1 RISING DEMAND FOR FRESH FARM FOOD TO DRIVE MARKET 151 FIGURE 56 AGRICULTURAL LIGHTING MARKET, BY HORTICULTURE 152 FIGURE 57 GREENHOUSES SEGMENT TO GROW AT A SIGNIFICANT RATE DURING FORECAST PERIOD 152 TABLE 72 HORTICULTURE: AGRICULTURAL LIGHTING MARKET: BY APPLICATION, 2019–2022 (USD MILLION) 153 TABLE 73 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 153 TABLE 74 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 153 TABLE 75 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 154 TABLE 76 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 154 TABLE 77 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 154 TABLE 78 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 155 TABLE 79 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 155 TABLE 80 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 155 TABLE 81 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 156 TABLE 82 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 156 TABLE 83 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 156 TABLE 84 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 156 TABLE 85 HORTICULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 157 11.2.2 GREENHOUSES 157 TABLE 86 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 158 TABLE 87 GREENHOUSES: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 159 11.2.3 VERTICAL FARMS 159 TABLE 88 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 161 TABLE 89 VERTICAL FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 161 11.2.4 OTHERS 161 11.2.4.1 Indoor farms 161 11.2.4.2 Cannabis and research applications 162 TABLE 90 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 163 TABLE 91 OTHER HORTICULTURE APPLICATIONS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 163 11.3 LIVESTOCK 164 11.3.1 RISING DEMAND FOR MILK, MEAT, AND EGGS TO INCREASE MARKET SHARE 164 FIGURE 58 AGRICULTURAL LIGHTING MARKET, BY LIVESTOCK 164 FIGURE 59 CATTLE/DAIRY FARMS TO BE LARGEST LIVESTOCK APPLICATION FOR IN 2023 165 TABLE 92 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165 TABLE 93 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165 TABLE 94 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 166 TABLE 95 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 166 TABLE 96 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 166 TABLE 97 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 167 TABLE 98 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 167 TABLE 99 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 167 TABLE 100 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 168 TABLE 101 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 168 TABLE 102 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 168 TABLE 103 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 168 TABLE 104 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 169 TABLE 105 LIVESTOCK: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 169 11.3.2 CATTLE/DAIRY FARMS 169 TABLE 106 RECOMMENDED LIGHT LEVELS FOR DAIRY 170 TABLE 107 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET: BY REGION, 2019–2022 (USD MILLION) 170 TABLE 108 CATTLE/DAIRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 171 11.3.3 SWINE FARMS 171 TABLE 109 RECOMMENDED LIGHT INTENSITY AND PHOTOPERIOD FOR SWINE 171 TABLE 110 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 172 TABLE 111 SWINE FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 172 11.3.4 POULTRY FARMS 173 TABLE 112 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 174 TABLE 113 POULTRY FARMS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 174 11.4 AQUACULTURE 174 11.4.1 INCREASED DEMAND FOR FARMED FISH TO CREATE SIGNIFICANT DEMAND 174 TABLE 114 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 175 TABLE 115 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 175 TABLE 116 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2019–2022 (USD MILLION) 176 TABLE 117 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY OFFERING, 2023–2028 (USD MILLION) 176 TABLE 118 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2019–2022 (USD MILLION) 176 TABLE 119 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY LIGHT SOURCE, 2023–2028 (USD MILLION) 177 TABLE 120 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2019–2022 (USD MILLION) 177 TABLE 121 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY WATTAGE TYPE, 2023–2028 (USD MILLION) 177 TABLE 122 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION) 178 TABLE 123 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION) 178 TABLE 124 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION) 178 TABLE 125 AQUACULTURE: AGRICULTURAL LIGHTING MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 178 12 AGRICULTURAL LIGHTING MARKET, BY REGION 179 12.1 INTRODUCTION 180 FIGURE 60 AGRICULTURAL LIGHTING MARKET, BY REGION 180 FIGURE 61 AGRICULTURAL LIGHTING MARKET, BY COUNTRY/REGION 180 TABLE 126 AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 181 TABLE 127 AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 181 12.2 AMERICAS 181 FIGURE 62 AMERICAS: AGRICULTURAL LIGHTING MARKET SNAPSHOT 182 TABLE 128 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 182 TABLE 129 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 183 TABLE 130 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 183 TABLE 131 AMERICAS: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 183 12.2.1 NORTH AMERICA 183 FIGURE 63 MEXICO TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 184 TABLE 132 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 184 TABLE 133 NORTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 184 12.2.1.1 US 185 12.2.1.1.1 Increasing number of vertical farms to drive market 185 12.2.1.2 Canada 186 12.2.1.2.1 Unfavorable climatic conditions necessitate adoption of agricultural lighting 186 12.2.1.3 Mexico 187 12.2.1.3.1 Growing population and scarcity of resources to fuel adoption of agricultural lighting 187 12.2.2 SOUTH AMERICA 188 FIGURE 64 AGRICULTURAL LIGHTING MARKET: SOUTH AMERICA, BY COUNTRY 188 TABLE 134 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 188 TABLE 135 SOUTH AMERICA: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 189 12.2.2.1 Brazil 189 12.2.2.1.1 Increasing greenhouses in region to fuel market demand 189 12.2.2.2 Argentina 189 12.2.2.2.1 Land scarcity to drive demand for effective lighting and modern agricultural techniques 189 12.2.2.3 Rest of South America 190 12.2.3 IMPACT OF RECESSION ON AMERICAS 190 12.3 EUROPE 191 FIGURE 65 EUROPE: AGRICULTURAL LIGHTING MARKET SNAPSHOT 192 TABLE 136 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 193 TABLE 137 EUROPE: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 193 TABLE 138 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 193 TABLE 139 EUROPE: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 194 12.3.1 UK 194 12.3.1.1 Increasing vertical farms and greenhouses to fuel demand for agricultural lighting 194 12.3.2 GERMANY 195 12.3.2.1 Presence of prominent agricultural lighting players to fuel market demand 195 12.3.3 FRANCE 195 12.3.3.1 High potential growth in aquaculture to boost market 195 12.3.4 NETHERLANDS 196 12.3.4.1 Presence of established greenhouses to support market growth 196 12.3.5 SPAIN 197 12.3.5.1 Increased greenhouse production to boost demand 197 12.3.6 REST OF EUROPE 197 12.3.7 IMPACT OF RECESSION ON EUROPE 198 12.4 ASIA PACIFIC 199 FIGURE 66 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET SNAPSHOT 199 TABLE 140 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 200 TABLE 141 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200 TABLE 142 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 200 TABLE 143 ASIA PACIFIC: AGRICULTURAL LIGHTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201 12.4.1 CHINA 201 12.4.1.1 Affordability and availability of LED lighting systems to fuel demand 201 12.4.2 JAPAN 202 12.4.2.1 Rising adoption of urban farming practices to encourage use of agricultural lights 202 12.4.3 INDIA 203 12.4.3.1 High adoption rate for greenhouses and vertical farms to drive market 203 12.4.4 SOUTH KOREA 203 12.4.4.1 Adoption of advanced aquaculture technologies to drive market 203 12.4.5 AUSTRALIA 204 12.4.5.1 Legalization of cannabis cultivation, along with less rainfall, to drive market 204 12.4.6 REST OF ASIA PACIFIC 204 12.4.7 IMPACT OF RECESSION ON ASIA PACIFIC 205 12.5 REST OF THE WORLD (ROW) 206 TABLE 144 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 206 TABLE 145 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 206 FIGURE 67 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION 207 TABLE 146 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2019–2022 (USD MILLION) 207 TABLE 147 REST OF THE WORLD: AGRICULTURAL LIGHTING MARKET, BY REGION, 2023–2028 (USD MILLION) 207 12.5.1 MIDDLE EAST 208 12.5.1.1 Increasing investments for local food production to boost market 208 12.5.2 AFRICA 208 12.5.2.1 Unfavorable climatic conditions to increase adoption of agricultural lighting 208 12.5.3 IMPACT OF RECESSION ON REST OF THE WORLD 209 13 COMPETITIVE LANDSCAPE 210 13.1 INTRODUCTION 210 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 210 TABLE 148 OVERVIEW OF STRATEGIES DEPLOYED BY AGRICULTURAL LIGHTING MARKET PLAYERS 210 13.2.1 PRODUCT PORTFOLIO 211 13.2.2 REGIONAL FOCUS 212 13.2.3 MANUFACTURING FOOTPRINT 212 13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 212 13.3 MARKET SHARE ANALYSIS 212 TABLE 149 AGRICULTURAL LIGHTING MARKET: INTENSITY OF COMPETITIVE RIVALRY, 2022 213 13.4 REVENUE ANALYSIS OF TOP PLAYERS 213 FIGURE 68 FIVE-YEAR REVENUE ANALYSIS OF LEADING MARKET PLAYERS (2018–2022) 213 13.5 COMPANY EVALUATION MATRIX 215 13.5.1 STARS 215 13.5.2 EMERGING LEADERS 215 13.5.3 PERVASIVE PLAYERS 215 13.5.4 PARTICIPANTS 216 FIGURE 69 AGRICULTURAL LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 216 TABLE 150 COMPANY FOOTPRINT 217 TABLE 151 APPLICATION FOOTPRINT 218 TABLE 152 COMPANY OFFERING FOOTPRINT 219 TABLE 153 COMPANY REGION FOOTPRINT 220 13.6 COMPETITIVE BENCHMARKING 222 13.6.1 STARTUP EVALUATION MATRIX: AGRICULTURAL LIGHTING MARKET 222 TABLE 154 AGRICULTURAL LIGHTING MARKET: DETAILED LIST OF KEY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 222 TABLE 155 AGRICULTURAL LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY SMES 228 13.7 SME EVALUATION MATRIX 229 13.7.1 PROGRESSIVE COMPANIES 229 13.7.2 RESPONSIVE COMPANIES 229 13.7.3 DYNAMIC COMPANIES 229 13.7.4 STARTING BLOCKS 229 FIGURE 70 AGRICULTURAL LIGHTING MARKET (GLOBAL): SME EVALUATION MATRIX, 2022 230 13.8 COMPETITIVE SCENARIO 231 13.8.1 PRODUCT LAUNCHES 231 TABLE 156 AGRICULTURAL LIGHTING MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020 –MAY 2023 231 13.8.2 DEALS 233 TABLE 157 AGRICULTURAL LIGHTING MARKET: DEALS, JANUARY 2020–MAY 2023 233 13.8.3 OTHERS 235 TABLE 158 AGRICULTURAL LIGHTING MARKET: OTHERS, JANUARY 2020–MAY 2023 235 14 COMPANY PROFILES 237 (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 14.1 KEY PLAYERS 237 14.1.1 SIGNIFY HOLDING 237 TABLE 159 SIGNIFY HOLDING: COMPANY OVERVIEW 238 FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT 238 14.1.2 DELAVAL 243 TABLE 160 DELAVAL: COMPANY OVERVIEW 243 FIGURE 72 DELAVAL: COMPANY SNAPSHOT 244 14.1.3 LELY 246 TABLE 161 LELY: COMPANY OVERVIEW 246 14.1.4 SUNBIRD 248 TABLE 162 SUNBIRD: COMPANY OVERVIEW 248 14.1.5 CBM LIGHTING 250 TABLE 163 CBM LIGHTING: COMPANY OVERVIEW 250 14.1.6 ONCE 252 TABLE 164 ONCE: COMPANY OVERVIEW 252 14.1.7 HATO AGRICULTURAL LIGHTING 254 TABLE 165 HATO AGRICULTURAL LIGHTING: COMPANY OVERVIEW 254 14.1.8 AKVA GROUP 256 TABLE 166 AKVA GROUP: COMPANY OVERVIEW 256 FIGURE 73 AKVA GROUP: COMPANY SNAPSHOT 257 14.1.9 GAVITA INTERNATIONAL B.V. 259 TABLE 167 GAVITA INTERNATIONAL B.V.: COMPANY OVERVIEW 259 14.1.10 AMS-OSRAM AG (PART OF AMS AG) 262 TABLE 168 AMS-OSRAM AG: COMPANY OVERVIEW 262 FIGURE 74 AMS-OSRAM AG: COMPANY SNAPSHOT 263 14.1.11 HELIOSPECTRA AB 267 TABLE 169 HELIOSPECTRA AB: COMPANY OVERVIEW 267 FIGURE 75 HELIOSPECTRA AB: COMPANY SNAPSHOT 268 14.1.12 CALIFORNIA LIGHTWORKS 271 TABLE 170 CALIFORNIA LIGHTWORKS: COMPANY OVERVIEW 271 14.1.13 HORTILUX SCHRÉDER (DOOL INDUSTRIES) 274 TABLE 171 HORTILUX SCHRÉDER: COMPANY OVERVIEW 274 14.1.14 VALOYA 277 TABLE 172 VALOYA: COMPANY OVERVIEW 277 14.2 OTHER PLAYERS 280 14.2.1 HUBBELL 280 14.2.2 SAMSUNG 281 14.2.3 FIENHAGE POULTRY SOLUTIONS 282 14.2.4 UNI-LIGHTLED LED 282 14.2.5 HELIO LED LIGHTING 283 14.2.6 ADOLF SCHUCH GMBH 284 14.2.7 PLANET LIGHTING 285 14.2.8 ARUNA LIGHTING 285 14.2.9 BIG DUTCHMAN 286 14.2.10 SHENZHEN HONTECH-WINS ELECTRONICS CO., LTD 287 14.2.11 LUMINUS, INC. 288 14.2.12 NICHIA CORPORATION 289 14.2.13 EVERLIGHT ELECTRONICS CO., LTD. 290 14.2.14 ILLUMINAR LIGHTING 291 14.2.15 CREE LIGHTING 292 14.2.16 GE LIGHTING, A SAVANT COMPANY 293 14.2.17 ILLUMITEX 294 14.2.18 SENMATIC 295 14.2.19 OREON 296 14.2.20 FLUENCE 297 14.2.21 APACHE TECH, INC. 298 14.2.22 BIOLOGICAL INNOVATION AND OPTIMIZATION SYSTEMS, LLC. (BIOS LIGHTING) 299 14.2.23 EYE HORTILUX 300 *Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 15 APPENDIX 301 15.1 DISCUSSION GUIDE 301 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 305 15.3 CUSTOMIZATION OPTIONS 307 15.4 RELATED REPORTS 307 15.5 AUTHOR DETAILS 308
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