United States of America – [19-08-2025] – The Insight Partners is proud to announce its newest market report, “Horticulture Lighting Market: An In-depth Analysis of the Global Industry.” The report provides a comprehensive overview of the Horticulture Lighting Market, highlighting current market dynamics and future growth prospects during the forecast period.
Overview of the Horticulture Lighting Market
The horticulture industry is undergoing a technological transformation as advanced lighting solutions increasingly support indoor and controlled-environment agriculture. Horticulture lighting plays a crucial role in supplementing natural sunlight, enhancing plant growth, extending crop cycles, and improving yields. With global population growth, rising food demand, and limited arable land, artificial lighting solutions are proving vital in sustainable farming practices.
The horticulture lighting market size is projected to reach US$ 24.14 billion by 2031, up from US$ 5.38 billion in 2023, registering a robust CAGR of 20.7% from 2023 to 2031. This exponential growth underscores the increasing reliance on lighting technologies in vertical farming, greenhouses, and indoor cultivation.
Key Findings and Insights
Market Size and Growth
Historic Growth: Market expansion has been fueled by adoption of energy-efficient LEDs and rising investments in indoor agriculture.
Forecast Growth: The market is expected to grow five-fold by 2031, driven by global food security concerns, controlled-environment farming, and the sustainability agenda.
Key Factors Driving the Market:
Rising demand for year-round crop production.
Increasing popularity of vertical and indoor farming.
Technological advancements in energy-efficient LED systems.
Growing government initiatives to promote sustainable agriculture.
Expanding floriculture industry driven by decorative and commercial use.
Market Segmentation
The Horticulture Lighting Market is segmented as follows:
By Technology
Fluorescent Lamps
High Intensity Discharge (HID) Lights
LED Lights
By Application
Greenhouses
Vertical Farming
Indoor Farming
By Cultivation
Fruits and Vegetables
Floriculture
This segmentation reflects the diverse adoption of lighting technologies across farming types and crop categories, enabling companies to align offerings with demand patterns.
Spotting Emerging Trends
Technological Advancements: LED technology continues to dominate due to high energy efficiency, long lifespan, and customizable spectrum control. Smart lighting solutions integrated with IoT and AI are helping farmers monitor and adjust conditions in real time.
Changing Consumer Preferences: Demand for locally grown, pesticide-free, and year-round fresh produce has boosted adoption of vertical farming and greenhouse cultivation, directly fueling demand for horticulture lighting.
Regulatory Shifts: Governments worldwide are encouraging sustainable farming through subsidies and policies that support energy-efficient technologies. In Europe, for instance, greenhouse modernization policies are accelerating LED adoption.
Growth Opportunities
Vertical Farming Expansion: Urbanization and limited land availability are driving investments in vertical farming, presenting strong growth prospects for horticulture lighting providers.
LED Dominance: Transition from HID and fluorescent lamps to advanced LEDs opens opportunities for manufacturers to innovate with spectrum-tuned solutions.
Sustainability Initiatives: Increasing demand for eco-friendly, energy-efficient solutions aligns with global sustainability goals, creating new market avenues.
Floriculture Growth: Rising demand for flowers in commercial, aesthetic, and decorative applications boosts adoption of lighting systems in controlled environments.
Emerging Markets: Rapid agricultural modernization in Asia-Pacific and the Middle East is driving infrastructure development and adoption of horticulture lighting.
Key Company Profiles
The report highlights leading players shaping the market landscape:
Agrolux
Bridgelux, Inc.
General Electric Company
Heliospectra AB
Hortilux Schrader B.V.
Hubbell, Inc.
Lumileds Holding B.V.
OSRAM Licht AG
PARsource
Signify N.V.
These companies are focusing on innovations in LED technology, spectrum optimization, smart lighting systems, and strategic collaborations to enhance market presence.
Conclusion
The Horticulture Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2031 report delivers valuable insights for businesses and investors eyeing opportunities in controlled-environment agriculture. With the convergence of technology, sustainability goals, and rising food security concerns, the horticulture lighting market is poised for significant expansion.
As farming practices evolve to meet global food demands, lighting solutions will remain at the heart of innovation. Companies that invest in advanced, sustainable, and customizable technologies will be best positioned to lead this high-growth market.
