All Reports
2Q 2021

LED Lighting for Horticultural Applications

Advanced Lighting Technology for Cannabis, Food Crops, and Floriculture: Global Market Analysis and Forecasts

The rising acceptance of LED technology and the increase in cannabis cultivation in the US, Europe, and Asia Pacific are the two primary factors driving the horticulture lighting market in 2021. These factors are tied together because cannabis growers are getting better results using LED lighting than other technologies. The benefits of using LED lighting include high levels of effectiveness, low operating costs, energy efficiency, decreasing product prices, and improved safety.

In the coming months and years, lighting experts anticipate the use of LED lighting to increase and dominate the market, with legacy technologies falling behind. This trajectory will likely continue as more US states and other world regions legalize cannabis and growers of other crops learn how to use LED technology for their operations.

This Guidehouse Insights report provides a study of the global market potential for horticultural lighting with a focus on LEDs, covering unit sales and revenue. The report considers three types of horticultural applications: cannabis, produce, and floriculture. This report also covers five technology types: LED, HPS, fluorescent, metal halide, and other. All major global regions of the world—North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa—are included, and the forecast period extends through 2030.

Pages 39
Tables | Charts | Figures 36
  • How is expanding cannabis legalization affecting LED lighting sales?
  • What other factors are increasing LED lighting sales?
  • How do these factors differ between world regions?
  • What do lighting experts foresee in the LED lighting market in the next 10 years?
  • Which companies are key industry players in the LED lighting market?
  • What do lighting experts recommend for vendors, growers, and regulators to make the most of LED lighting technology?
  • LED lighting manufacturers
  • Cannabis growers
  • Produce growers
  • Floriculture growers
  • Energy regulators
  • Organizations related to energy, lighting, and farming
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers

1.3   Technology Issues

1.4   Forecast Highlights

2. Market Issues

2.1   Market Overview

2.1.1   Horticulture Types

2.1.2   Building Types

2.2   Market Drivers

2.2.1   Cannabis Legalization

2.2.2   LED Energy and Cost Savings

2.2.2.1   Case Study: GE Current, a Daintree Company

2.2.3   Increased Grower Education

2.2.3.1   Case Study: Signify

2.2.4   Lighting Controls

2.2.5   Vertical Farm Development

2.2.6   Government Regulations

2.3   Market Barriers

2.3.1   Inconsistent Cannabis Legalization

2.3.2   Cost

2.3.3   Lack of Technology Expertise

2.4   Regional LED Horticulture Market Highlights

2.4.1   North America

2.4.2   Europe

2.4.3   Asia Pacific

3. Technology Issues

3.1   Introduction

3.2   Technology Overview

3.2.1   LED Advancement

3.2.2   Lighting Controls for Horticulture Applications

3.2.3   Spectrum Tuning

4. Key Industry Players

4.1   Overview

4.1.1   Black Dog LED

4.1.2   Cree LED

4.1.3   Curtis Mathes

4.1.4   Fluence by OSRAM

4.1.5   Gavita

4.1.6   GE Current, a Daintree Company

4.1.7   Heliospectra

4.1.8   LumiGrow

4.1.9   OSRAM

4.1.10   Signify

4.1.11   SpecGrade LED

4.1.12   Valoya

5. Market Forecasts

5.1   Forecast Overview

5.2   Forecast Methodology

5.3   Global Shipments by Lighting Type

5.4   Global Revenue by Lighting Type

5.5   Global Shipments by Crop Type

5.6   Global LED Revenue by Crop Type

5.7   Revenue by Lighting Type and Region

5.7.1   North America

5.7.2   Europe

5.7.3   Asia Pacific

5.7.1   Rest of the World

6. Conclusions and Recommendations

6.1.1   Vendors

6.1.2   Growers

6.1.3   Regulators

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes

  • Horticulture Lighting Shipments by Lighting Type, World Markets: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, World Markets: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, World Markets: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, World Markets: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, North America: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Europe: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Asia Pacific: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Rest of World: 2021-2030
  • Horticulture Lighting
  • Vertical Farming
  • Horticulture Lighting Shipments by Lighting Type, World Markets: 2021-2030
  • Horticulture Lighting Shipments by Lighting Type, North America: 2021-2030
  • Horticulture Lighting Shipments by Lighting Type, Europe: 2021-2030
  • Horticulture Lighting Shipments by Lighting Type, Asia Pacific: 2021-2030
  • Horticulture Lighting Shipments by Lighting Type, Latin America: 2021-2030
  • Horticulture Lighting Shipments by Lighting Type, Middle East & Africa: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, World Markets: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, North America: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Europe: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Asia Pacific: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Latin America: 2021-2030
  • Horticulture Lighting Revenue by Lighting Type, Middle East & Africa: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, World Markets: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, North America: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, Europe: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, Asia Pacific: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, Latin America: 2021-2030
  • Horticulture Lighting Shipments by Crop Type, Middle East & Africa: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, World Markets: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, North America: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, Europe: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, Asia Pacific: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, Latin America: 2021-2030
  • LED Horticulture Lighting Revenue by Crop Type, Middle East & Africa: 2021-2030
  • Types of Horticulture Products
  • Types of Horticulture Buildings
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