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Data Bridge Market Research has recently published the comprehensive business research on “Floriculture Lighting Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Floriculture Lighting Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, Floriculture Lighting Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.
Data Bridge Market Research analyses that the floriculture lighting market was valued at USD 2489.3 million in 2022 and is expected to reach the value of USD 10919.49 million by 2030, at a CAGR of 20.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Access an Exclusive Sample of Floriculture Lighting Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-floriculture-lighting-market
Opportunities
- Increasing demand of advanced floriculture lighting
It is projected that the floriculture lighting market would grow significantly in upcoming years, due to a rise in the demand for sophisticated products and lighting technologies. The increasing production of floriculture upsurge the demand for these lights that are anticipated to spur the market expansion. Moreover, the requirement for floriculture lighting systems in vertical farming applications is growing, which further encourages the producers or farmers of vertical farming to build up effective management, therefore supporting the market’s development.
- Rising adoption of advanced methods
The rapid adoption of advanced methods in developing nations is a potential opportunity for the market players. Currently, the usage of artificial lights for farming purposes is quite low, mainly in countries such as Brazil, India, and South Africa, but with the rising popularity of the floriculture and indoor crop cultivation concepts, it is anticipated to pick up swiftly in the upcoming years. Moreover, to conserve energy, the government of several countries are prolonging their support for LEDs, which could be a major development area for market players
Noteworthy Players Operating at Regional and Global Levels:
- Heliospectra AB (Sweden)
- Excite LED Grow Lights (Switzerland)
- Greens Hydroponics (U.K.)
- UPSHINE Lighting (China)
- TESLUX Lighting s.r.o. (Czechia)
- Hortisystems UK Ltd (U.K.)
- ProGrowTech (U.S.)
- Ronfell Group (U.K.)
- General Electric (U.S.)
- Agrolux (Netherlands)
- SAMSUNG (South Korea)
- Hortilux Schréder B.V. (Netherlands)
- OSRAM GmbH (Germany)
- Signify Holding (Netherlands)
- BSSLED Manufacturing Ltd. (U.K.)
- Forge Europa (U.K.)
- Cropmaster LED (U.K.)
- TE Connectivity Ltd. (Switzerland)
- Cree, Inc. (U.S.)
- DiCon Lighting (U.S.)
- Valoya (Finland)
- EVERLIGHT (Taiwan)
Market Segmentation of Floriculture Lighting Market:
Offering
- Hardware
- Software
- Services
Technology
- Fluorescent
- High-Intensity Discharge (HId)
- Light-Emitting Diode (LED)
- Other Technologies
Lighting Type
- Toplighting
- Interlighting
Application
- Greenhouses
- Vertical Farming
- Indoor Farming
- Others
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