Table of Content

1 INTRODUCTION 35
1.1 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: AGRICU