LED Lights Segment Poised to Lead North America Horticulture Lighting Market Through 2027
A new market research report, “North America Horticulture Lighting Market Forecast to 2027 – COVID-19 Impact Analysis by Technology, Application, and Cultivation,” projects the market to grow from 830.5 million in 2019 to 830.5 million in 2019 to 3,597.2 million by 2027, expanding at a CAGR of 20.7% during the forecast period (2020–2027). The study highlights key trends, growth drivers, and challenges shaping the industry.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00014169
The North America horticulture lighting market is categorized by technology, application, cultivation, and country. By technology, it is divided into LED lights, high-intensity discharge (HID) lights, and fluorescent lamps. In 2019, the LED lights segment led the market and is projected to experience the highest CAGR during the forecast period. In terms of application, the market includes greenhouses, vertical farming, and indoor farming. Greenhouses held the largest market share in 2019, while vertical farming is expected to grow at the fastest CAGR. Regarding cultivation, the market is segmented into fruits and vegetables, and floriculture. The fruits and vegetables segment is anticipated to dominate due to rising demand for fresh produce.
Strategic Insights: North America Horticulture Lighting
Strategic insights into the North American horticulture lighting market provide a data-driven analysis of industry trends, key players, and regional dynamics. These insights equip stakeholders—investors, manufacturers, and industry leaders—with actionable recommendations to identify untapped opportunities and establish competitive differentiation. By leveraging data analytics, businesses can anticipate market shifts, adapt to emerging trends, and refine their value propositions. A forward-looking approach is crucial for long-term success in this evolving industry. Ultimately, these insights empower decision-makers to enhance profitability, optimize strategies, and achieve their business objectives in the competitive horticulture lighting market.
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.
North America Horticulture Lighting Market Segmentation
| Category | Subcategories |
| By Technology | LED Lights, High Intensity Discharge Lights, Fluorescent Lamps |
| By Application | Greenhouses, Vertical Farming, Indoor Farming |
| By Cultivation | Fruits and Vegetables, Floriculture |
| By Country | US, Canada, Mexico |
| Company Profiles | Agrolux, Bridgelux, Inc., General Electric Company, Heliospectra AB, Hubbell, Inc., Lumileds Holding B.V., OSRAM Licht AG, PARsource, Signify N.V. |
Key Market Drivers
- Government initiatives supporting sustainable agriculture
- Rising population and demand for year-round crop production
- Technological advancements in greenhouse and indoor farming
Market Restraints
- High initial costs of horticulture lighting systems
- Limited awareness among traditional farmers
COVID-19 Impact: A Mixed Effect
North America, particularly the U.S., faced significant disruptions due to the pandemic, including labor shortages and supply chain challenges. However, the crisis also accelerated the adoption of indoor and vertical farming, where LED-powered horticulture lighting enables efficient, year-round cultivation with minimal resource use.
Despite initial setbacks from factory and business closures in the U.S., Canada, and Mexico, the long-term outlook remains strong as the industry adapts to post-pandemic demands for resilient and localized food production.
Future Outlook
With LED technology dominating due to its energy efficiency and customizable light spectra, the North American horticulture lighting market is set for robust growth, driven by innovation and shifting agricultural practices.
(For deeper insights, refer to the full market research report.)
Key Updates:
- Refined headline for clarity
- Streamlined market data presentation
- Strengthened COVID-19 impact analysis
- Improved readability with bullet points
- Added emphasis on LED dominance
Removed redundant details for conciseness
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
