Horticultural LED Lighting Market Size by Value, Dynamics and Development Status Forecast To 2022

Global Horticultural LED Lighting Market is classified on the basis of product type, application, end users, and geography. A branch of agriculture which deals with art, science and business of plant cultivation is called as horticulture. Plants that are included in horticulture are edible as well as ornamental. The major aim of horticulture is to enrich growth of plants, resistance to plant diseases & insects, high yield & nutritional value. In addition, it also focuses on garden design and landscaping, restoration, maintenance, and plant conservation. Plant growth can be stimulated in horticulture by the aid of LED lighting. Horticultural LED lighting is made up of light-emitting diodes, generally in a casing with a heat sink and built-in fans. They can be directly plugged into a standard electrical socket and usually do not need a separate ballast.

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The basic role of these LED lighting in horticulture is to act as daylight so as there is better growth and development of plants in the absence of sunlight. The light intensity can be altered by the grower according to the requirement of a particular crop. They can significantly decrease the energy consumption by the aid of targeted lighting at 450, 660, and 730 nanometres, simultaneously promoting plant growth.

Some of the advantages of LED lighting include easy incorporation into digital control systems, environment friendly, low maintenance, safer to operate as they do not contain mercury, capability to control spectral composition, long lasting, high light output, cool operating temperature and durable. In addition, they can be significantly used for a wide range of plants and are they are highly effective. The factors that propel the growth of the Horticultural LED Lighting Market include increasing population, rising demand for food, and urbanization. In addition, factor such as technological innovations, growing adoption of LED, easy availability, adverse climatic conditions and growing practices of indoor farming are expected to positively fuel the growth of the Horticultural LED Lighting Market.

On the other hand, there are also factors that may hamper the growth of the market such as high purchasing cost. In addition, there can be shift in colours owing to aging effect and temperature. Horticultural LED Lighting Market is classified on the basis of product type as low power (300W) and high power (≥300W).

Horticultural LED Lighting Market is classified on the basis of applications as photoperiodic lighting and photo-morphological control, controlled environment farming, agriculture without natural daylight, and others. Horticultural LED Lighting Market is classified on the basis of end users as commercial greenhouse, indoor and vertical farming, R&D and others. Horticultural LED Lighting Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa. Some of the key players that fuel the growth of the Horticultural LED Lighting Market include Philips, Cree, Cidly, Everlight Electronics, Fionia Lighting, Hubbell Lighting, Heliospectra AB, General Electric, Gavita, Kessil, Osram, Ohmax Optoelectronic,Illumitex, Lumigrow,Valoya, and others.