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Agricultural Lighting Market Share

Report ID: GMI8168
Published Date: Feb 2024
Report Format: PDF

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Agricultural Lighting Market Share

Savant Systems Inc., signify holds a significant market share in the agricultural lighting industry. offering innovative lighting solutions tailored for livestock, greenhouse cultivation. Leveraging its expertise in lightings system, signify provides a wide range of agricultural lighting designed to optimize plant growth and enhance crop yields.

Major players, such as Some of the key market players are OSRAM Licht AG, Heliospectra AB, Savant Systems Inc., Signify, are constantly implementing strategic measures including geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches.

Agricultural Lighting Market Companies

Major companies operating in the agricultural lighting industry are:

Agrolux
California LightWorks
Cree, Inc.
Current, powered by GE
Fluence by OSRAM
Gavita International
GE Current, a Daintree Company
Heliospectra AB
Hortilux Schréder B.V.
Illumitex Inc.
LumiGrow Inc.
OSRAM GmbH
Savant Systems Inc., Signify
Valoya Ltd.
VividGro

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of agricultural lighting reached USD 1 billion in revenue in 2023 and is set to witness over 11% CAGR from 2024 to 2032, propelled by the ongoing advancements in lighting technology, particularly the development of energy-efficient LEDs and smart lighting systems.

The hardware segment is estimated to grow at over 11% CAGR during 2024 to 2032, due to the increasing use of mounting and support structures to support the weight of lighting fixtures and ensure proper positioning for optimal light distribution.

Europe market accounted for more than 30% revenue share in 2023, attributed to the growing concerns about food security, sustainability, and climate change in Europe.

Some of the leading firms engaged in the industry are Agrolux, California LightWorks, Cree, Inc., Fluence by OSRAM, Gavita International, Heliospectra AB, Hortilux Schréder B.V., Illumitex Inc., LumiGrow Inc., OSRAM GmbH, Savant Systems Inc., Signify, Valoya Ltd. and VividGro.