LED Lights Segment to Dominate North America Horticulture Lighting Market during 2019–2027
According to a new market research study on “North America Horticulture Lighting Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Application and Cultivation” is expected to reach US$ 3597.2 million by 2027 from US$ 830.5 million in 2019. The market is estimated to grow at a CAGR of 20.7% from 2020 to 2027. The report provides trends prevailing in the North America horticulture lighting market along with the drivers and restraints pertaining to the market growth. Rising government initiatives and increasing population and advancements in greenhouse and indoor farming techniques are the major factor driving the growth of the North America horticulture lighting market. However, issues associated with less awareness and high costs involved hinder the growth of North America horticulture lighting market. In case of COVID-19, North America is the world’s worst affected region due to coronavirus outbreak specially US.North America is an important market for the growth of horticulture lighting products owing to the presence of developed countries such as the US and Canada in this region. The COVID-19 pandemic has affected all the farmers in the region, threatening access to agricultural labor and disrupting worldwide supply chains. However, for indoor farming, it has offered an opportunity. In vertical farming, the batches of crops can be watered individually and ignited with the help of LED lights, enabling them to be grown year-round with less resource. Nevertheless, the factory and business shutdowns across the US, Canada, and Mexico negatively impacted the sales of horticulture lighting products, such as LED lights and fluorescent lamps. COVID-19 has had a severe impact on logistics operations, transportation, and trade activity across North America.
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The North America horticulture lighting market is segmented based on technology, application, cultivation and country. Based on technology, the market is segmented into LED lights, high-intensity discharge (HID) lights, and fluorescent lamps. LED lights segment led the North America horticulture lighting market in 2019, and is anticipated to grow at the highest CAGR during the forecast period. In terms of application, the market is segmented into greenhouses, vertical farming, and indoor farming. Greenhouses segment held the largest market share in 2019 and vertical farming segment is anticipated to grow at the fastest CAGR during the forecast period. Based on cultivation, the market is segmented into fruits and vegetables, and floriculture. The fruits and vegetables segment is expected to dominate the market due to increase in demand for fresh vegetables.
Agrolux; Bridgelux, Inc.; General Electric Company; Heliospectra AB; Hubbell, Inc.; Lumileds Holding B.V.; OSRAM Licht AG; PARsource; Signify N.V. are among the leading companies in the North America horticulture lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Hubbell Lighting announced the improvement of NutriLED horticultural LED luminaire with the addition of more wavelengths. The improved version offers increased production, greater yield, and shorter growth periods for the indoor horticulture industry.
Market Introduction (Rewritten):
Horticulture lighting, which uses artificial light to support photosynthesis, is essential in areas with limited natural sunlight. It promotes plant growth and is increasingly used in urban agriculture, vertical farming, and other controlled-environment farming methods. LED technology is becoming particularly popular due to its energy efficiency and cost-effectiveness. Growing awareness of sustainable farming has led to government and organizational initiatives to enhance horticulture with advanced lighting solutions. These efforts are fueling the expansion of the North American horticulture lighting market.
The rise of vertical farming, supported by financial and technical aid from companies, is further driving market growth. While the COVID-19 pandemic disrupted agriculture through labor shortages and supply chain issues, it also highlighted the benefits of indoor farming, where LED lighting enables year-round crop production with fewer resources. Despite pandemic-related challenges such as factory shutdowns and logistical delays, the North American market—especially in developed countries like the US and Canada—remains crucial for the growth of horticulture lighting.
North America Horticulture Lighting Strategic Insights
Strategic insights for the North America Horticulture Lighting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Horticulture Lighting Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 830.5 Million |
| Market Size (2027) | US$ 3597.2 Million |
| CAGR (2020–2027) | 20.7% |
| Historical Data | 2017–2018 |
| Forecast Period | 2020–2027 |
| Segments by Technology | Fluorescent, HID, LED Lights |
| Segments by Application | Greenhouses, Vertical, Indoor Farming |
| Segments by Cultivation | Fruits, Vegetables, Floriculture |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | Agrolux, Bridgelux, GE, OSRAM, Signify |
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
- To understand the North America horticulture lighting market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America horticulture lighting market.
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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.
North America Horticulture Lighting Market Segmentation
| Category | Subcategories/Entities |
| 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. |
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