North America Horticulture Lighting Market Trends, Size, Segment and Growth by Forecast to 2030

The North American horticulture lighting market is projected to grow from US$ 830.5 million in 2019 to US$ 3,597.2 million by 2027, with an estimated CAGR of 20.7% from 2020 to 2027. The increasing significance of vertical farming is expected to drive the growth of the horticulture lighting market in the region. The rising population has created a substantial demand for food that cannot be met solely through conventional outdoor farming. To address this, several North American countries are investing in vertical farming, which involves cultivating plants on vertically inclined surfaces. Vertical farming integrates technologies like robotics, big data analytics, and Artificial Intelligence (AI), enabling the production of healthy crops without the constraints of traditional agriculture. Additionally, the environmental degradation caused by conventional farming methods is encouraging the shift to vertical farming, which helps reduce pollution, increases food production, and conserves resources. These advantages are anticipated to significantly contribute to the growth of the North American horticulture lighting market.

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Market Introduction

Horticulture lighting refers to artificial light used to support photosynthesis, which is essential in environments lacking sufficient natural sunlight. This lighting system promotes plant growth by providing the necessary illumination for plants to thrive. The use of LED lighting technology in horticulture is increasingly popular due to its many benefits, including low power consumption and reduced energy costs, thanks to advancements in existing technologies.

Horticulture lighting is applied in various areas, including urban agriculture, multi-layer cultivation, supplemental lighting, and daylight-free cultivation. As awareness of sustainable farming practices grows, there has been a surge in initiatives by governments, researchers, and organizations to improve horticultural practices through efficient lighting solutions. The rising demand for advanced lighting technologies is expected to drive the growth of the North American horticulture lighting market.

In particular, the establishment of vertical farms, where financial and technical support is being provided to farmers, is contributing significantly to the market’s expansion. Government initiatives are further expected to spur demand for horticulture lighting in the coming years, thereby fueling the growth of the North American market. Additionally, the COVID-19 pandemic, which heavily impacted North America, especially the US, created challenges for farmers by limiting access to agricultural labor and disrupting global supply chains. However, it also presented an opportunity for indoor farming, particularly vertical farming. Vertical farms, which use LED lighting, can grow crops year-round with minimal resources, making them ideal for challenging times.

Although the pandemic led to factory and business shutdowns in the US, Canada, and Mexico, which negatively affected the sales of horticulture lighting products such as LED lights and fluorescent lamps, the demand for indoor farming solutions remained strong. The disruptions in logistics, transportation, and trade due to COVID-19 posed significant challenges, but the ongoing interest in sustainable farming methods and efficient lighting continues to drive the North American horticulture lighting market.

Strategic insights for the North American horticulture lighting market provide a comprehensive, data-driven analysis of the industry’s landscape, highlighting current trends, key players, and regional nuances. These insights offer actionable recommendations to help stakeholders differentiate themselves from competitors by identifying untapped opportunities or crafting unique value propositions. By leveraging data analytics, these insights enable industry participants—whether investors, manufacturers, or others—to anticipate market shifts and position themselves for long-term success. A future-focused approach is critical in navigating the dynamic nature of this market, ensuring that stakeholders can make informed decisions that drive profitability and achieve their business goals.

Market leaders and key company profiles

 Agrolux

 Bridgelux, Inc.

 General Electric Company

 Heliospectra AB

 Hubbell, Inc.

 Lumileds Holding B.V.

 OSRAM Licht AG

 PARsource

 Signify N.V.

North America Horticulture Lighting Regional Insights

The geographic scope of the North America Horticulture Lighting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Key Market Segments

In terms of technology, the LED lights segment accounted for the largest share of the North America horticulture lighting market in 2019. In terms of application, the greenhouses segment held a larger market share of the North America horticulture lighting market in 2019. Further, the fruits & vegetables segment held a larger share of the market based on cultivation in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the horticulture lighting market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Agrolux; Bridgelux, Inc.; General Electric Company; Heliospectra AB; Hubbell, Inc.; Lumileds Holding B.V.; OSRAM Licht AG; PARsource; Signify N.V.

Reasons to buy report

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Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America horticulture lighting market.
Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights