The agricultural lighting market is valued at US$ 12.1 billion in 2024 and is projected to reach US$ 38.5 billion by 2034, exhibiting a healthy CAGR of 12.3% over the forecast period.
Key Market Drivers:
The rising adoption of controlled environment agriculture (CEA) practices, which involves the use of artificial lighting, among other technologies, to create an optimized environment for plant growth, is widely changing the structure of crop plantations.
Increasing population and changing climatic conditions lead to growing demand for high-quality and consistent crop production throughout the year.
Government initiatives and support in promoting sustainable agriculture practices, energy-efficient technologies, and modern farming techniques.
The demand for agricultural lighting in urban areas for vertical farming systems enables the cultivation of crops in controlled indoor environments, independent of external climatic conditions.
Growing awareness about the environmental impact of traditional farming methods leads to a shift toward more sustainable and energy-efficient agricultural practices.
Ongoing research and development activities in the field of agricultural technologies resulted in the introduction of innovative lighting solutions tailored for specific crops.
Attributes
Key Statistics
Expected Base Year Value (2024)
US$ 12.1 billion
Anticipated Forecast Value (2034)
US$ 38.5 billion
Estimated Growth (2024 to 2034)
12.3% CAGR
The market generated an estimated revenue of US$ 6 billion in 2019, and in five years, it grew at a pace of 15.06%.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Consumption Analysis of the Agricultural Lighting Market
The market is experiencing increasing demand from large-scale commercial growers and farmers who deploy lighting solutions to enhance crop growth, extend growing seasons, and improve overall yield and quality
The adoption of agriculture lighting is also widespread among horticulture and floriculture farmers. These entities employ agricultural lighting to cultivate specific plants for ornamental or decorative purposes
Agricultural lighting is increasingly adopted in agricultural research institutions, universities, and laboratories to study plant biology, optimize growth parameters, and develop new varieties with improved traits.
The use of agricultural lighting is also growing among individuals and businesses involved in aquaponics and hydroponics, which are soilless cultivation methods that utilize agricultural lighting to provide the necessary light spectrum for plant growth.
The growing adoption of agricultural lighting is also observed in urban and home gardeners who practice agriculture in limited outdoor spaces for growing herbs, vegetables, and other plants for personal consumption.
The demand for agricultural lighting is also touching the skies in greenhouses. These entities leverage agricultural lighting to supplement natural sunlight and create an optimized environment for plant growth.
Restraining Factors Adversely Affecting the Agricultural Lighting Market
The market for agricultural lighting is anticipated to surpass a valuation of US$ US$ 38.5 billion by the year 2034, with a growth rate of 12.3%. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:
The initial costs associated with implementing agricultural lighting technologies, especially those based on LED and other energy-efficient solutions, require a significant initial investment. This deters smaller farmers or businesses with limited capital from adopting agricultural lighting.
In addition to the initial upfront costs, farmers must also invest substantial capital in maintenance and operations. This creates hesitancy among small farmers, especially in countries with scarce government incentives.
Lack of awareness and education about the benefits of agricultural lighting, especially among small-scale farmers or those in less developed regions, impedes market growth.
Implementing agricultural lighting systems can be complex, especially when integrating them with other agricultural technologies and control systems. The complexity of system integration may pose challenges for farmers, leading to slower adoption rates.
Find your sweet spots for generating winning opportunities in this market.
Comparative View of Adjacent Industries
As per comprehensive analysis, the global agriculture sector has developed two industries that have the potential to give rigorous competition to the agricultural lighting market: the agriculture nets market and the staffing software market.
The growth rates and current market valuation are mentioned in the table below. The growth factors and critical challenges in the respective markets are also discussed below. Based on these numbers, the market for agricultural lighting is anticipated to overpower the other two in the coming future.
Agricultural Lighting Market:
Attributes
Agricultural Lighting Market
CAGR (2024 to 2034)
12.3%
Growth Factor
Escalating population and food demand coupled with rising adoption of vertical farming practices
Challenges
The challenge of uniformity levels and distribution patterns of light affects market growth
Agriculture Nets Market:
Attributes
Agriculture Nets Market
CAGR (2024 to 2034)
5.5%
Growth Factor
The shift toward sustainable farming practices is driving the demand for agriculture nets
Challenges
High upfront costs associated with installation and maintenance
Smart Agriculture Solution Market:
Attributes
Smart Agriculture Solution Market
CAGR (2024 to 2034)
6.9%
Growth Factor
The rise in CEA practices, driven by the demand for year-round crop production and enhanced yields
Challenges
Lack of awareness and education about the benefits of agriculture lighting, particularly among small-scale farmers or in less developed regions
Category-wise Insights
New Agricultural Lighting to Dominate the Global Agriculture Sector
Depending on the installation, the agricultural lighting market is bifurcated into new and retrofit agriculture lighting. The former is anticipated to grow at a remarkable rate of 12.1% CAGR through 2034.
Advanced agricultural lighting is gaining a lot of impetus in the agriculture sector as farmers and agricultural enterprises recognize their significance in optimizing crop growth and overall productivity.
The need for enhanced efficiency, precision, and sustainability in farming operations also drives a significant demand for new and advanced agriculture lighting.
The growing significance of new agriculture lighting is also because of its impact on crop quality, yield, and the ability to overcome traditional limitations associated with natural light cycles.
Attributes
Details
Installation
New
CAGR
12.1%
LED Lights Take the Lion’s Share in the Agricultural Lighting Market
The industry is categorized by light source into LED, fluorescent, HID, etc. The LED segment dominates the market and is anticipated to grow at a remarkable rate of 12.00%.
LED lights have achieved widespread adoption in agricultural lighting due to their versatility and efficacy in meeting the diverse needs of modern farming practices.
The demand for agricultural lighting is also increasing due to the agricultural sector's recognition of the unique benefits offered by LED lighting solutions.
LED lights also enjoy widespread preference among farmers and agricultural stakeholders due to the energy efficiency, durability, and customizable features that LED technology offers
Attributes
Details
Light Source
LED
CAGR
12.00%
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Country-wise Insights
The section provides an analysis of the agricultural lighting industry by country, including Japan, China, the United States, the United Kingdom, and South Korea. The table presents the CAGR for each country, indicating the expected market growth in that country through 2034.
Countries
CAGR
Japan
13.80%
South Korea
13.60%
The United Kingdom
13.20%
China
12.90%
The United States
13.50%
Growing Demand for Vertical Farming Uplifting the Market of Agricultural Lighting in Japan
Japan is one of the leading countries in this market. The Japan agricultural lighting market is anticipated to retain its dominance by progressing at an annual growth rate of 13.80% till 2034.
The Japanese agriculture sector has a growing preference for controlled environment agriculture (CEA). This has pushed the demand for agriculture lighting as it provides optimal growing conditions regardless of external factors such as weather and season.
Japan is among the densely populated countries, necessitating the use of urban agricultural practices facilitated by advanced lighting systems to maximize space utilization.
Indoor Farming and Demand for High-value Crops Advancing the Market in South Korea
South Korea is another country that is focusing on horticulture LED lighting to optimize plant growth in the Asian region. The South Korea agricultural lighting market is anticipated to retain its dominance by progressing at an annual growth rate of 13.60% till 2034.
The country's demand for high-quality agricultural produce has pushed the implementation of modern farming practices that rely on advanced lighting technologies.
Besides this, the widespread adoption of agricultural lighting in the country’s vertical farming sector is due to government initiatives to modernize the agriculture sector. Subsidies, grants, and programs supporting the promotion of agricultural lighting encourage farmers to invest in these solutions.
Demand for Energy-Efficient Technology Encouraging the Market in the United Kingdom
The United Kingdom dominates the market in Europe due to its advanced agricultural practices. The United Kingdom agricultural lighting market is anticipated to exhibit an annual growth rate of 13.20% till 2034.
In the United Kingdom, the agriculture sector strongly prefers sustainable farming practices. Agriculture lighting, especially energy-efficient LED solutions, generates significant demand among farmers seeking to enhance productivity while minimizing environmental impact.
The growing popularity of indoor farming, due to a desire for local and year-round produce, significantly contributes to the adoption of agricultural lighting in the United Kingdom.
High-tech Cultivation to Improve Fruits Quality Fueling the Agricultural Lighting Market in China
Smart farm business model for year-round crop production is revitalizing the market of agricultural lighting in China, which is anticipated to register a CAGR of 12.90% through 2034.
Significant government investments in agricultural technology in China have played a pivotal role in driving the adoption of advanced farming practices. Subsidies and funds have inspired farmers to adopt these modern methodologies.
Apart from this, China's rapid urbanization and limited arable land contribute to the demand for agricultural lighting. As urban areas expand, there is a preference for vertical farming and CEA, where advanced lighting systems become crucial for year-round crop production.
Circular Agriculture and Sustainability Tailoring the Market in the United States
The United States leads the agricultural lighting market in North America. Over the next ten years, demand for agricultural lighting in the United States is projected to rise at a 5.50% CAGR.
The United States agriculture sector's focus on technological innovation and research has pushed the adoption of advanced lighting systems due to the increasing demand for precision farming and sustainable agricultural practices.
Besides this, the United States has always been at the forefront of accepting new and modern ways of agricultural practices as farmers seek to optimize crop growth, enhance yields, and meet the market's evolving needs.
Competitive Landscape
The market for agricultural lighting is filled with companies like Signify (formerly Philips Lighting), Osram Licht AG, Heliospectra AB, Fluence by OSRAM, Current, powered by GE, Agrolux, Valoya, etc.
These companies develop horticultural lighting systems specifically engineered for plant cultivation to stay in the competitive landscape of the global market. Companies are also investing in research and development to innovate and improve existing lighting technologies.
Recent Developments:
In November 2023, Acuity Brands, Inc. (NYSE: AYI) successfully acquired the Arize family of horticulture lighting products from Current Lighting Solutions, LLC. Simultaneously, Acuity Brands entered an exclusive distribution agreement with Hort Americas, LLC, expanding its controlled environment agricultural market presence with greenhouse-focused luminaires.
In October 2023, the new two-acre HORTECA Research and Development Facility at JEM Farms highlighted Sollum Technologies' Smart LED solution among advanced greenhouse technologies. The facility, in partnership with ecoation and the University of Windsor, showcased innovations from integrated pest management to robotics and AI.
In November 2023, RED Horticulture secured US$ 17 million in Series A funding for its dynamic greenhouse lighting solution. The Netherlands and France-based company's dynamic spectrum LED lights, controlled by the AI-powered platform MyRED, enhance plant growth, delivering higher yields and improved crop quality while conserving energy resources.
In September 2023, Sollum Technologies, a pioneer in dynamic LED grow lights, initiated a groundbreaking research program, S.E.A.R.C.H (Sollum Empowering Academic Researchers in CEA and Horticulture). The program aimed to collaborate with United States research centers and universities, fostering breakthroughs in horticultural lighting knowledge using Sollum's advanced LED solution.
Key Companies in the Market
Signify (formerly Philips Lighting)
Osram Licht AG
Heliospectra AB
Fluence by OSRAM
Agrolux
Valoya
LumiGrow
California LightWorks
Illumitex
Everlight Electronics Co., Ltd.
Bridgelux, Inc.
Sunlight Supply, Inc.
Gavita International B.V.
Hortilux Schréder
VividGro
Apogee Instruments, Inc.
Black Dog LED
Illumitex
PARsource Lighting Solutions
Key Segments in the Agricultural Lighting Market
By Installation:
New
Retrofit
By Light Source:
LED
Fluorescent
HID
Others
By Wattage Type:
Below 50W
50 to 150W
Above 150W
By Sales Channel:
Retail/Wholesale
Direct Sales
Online/E-commerce
By Offering:
Hardware
Software
Services
By Application:
Livestock
Horticulture
Aquaculture
By Region:
North America
Latin America
Asia Pacific
The Middle East and Africa (MEA)
Europe
Frequently Asked Questions
How Much is the Agricultural Lighting Market Currently Worth?
The agriculture lighting market is expected to be worth US$ 12.1 billion in 2024.
What is the Sales Forecast for Agricultural Lighting Through 2034?
The market for agriculture lighting is expected to reach US$ 38.50 billion by 2034.
At What Rate Is the Agricultural Lighting Market Growing?
The agriculture lighting market is estimated to grow at a rate of 12.3% from 2024 to 2034.
Who are the Key Manufacturing Companies for Agricultural Lighting?
Prominent key players include Signify, Osram Licht AG, and Heliospectra AB.
Which Light Sources Segment is Dominating the Agricultural Lighting Market?
LED is leading in the light source category, with a CAGR of 12% through 2034.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Installation
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Installation, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Installation, 2024 to 2034
5.3.1. New
5.3.2. Retrofit
5.4. Y-o-Y Growth Trend Analysis By Installation, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Installation, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Light Source
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Light Source, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Light Source, 2024 to 2034
6.3.1. LED
6.3.2. Fluorescent
6.3.3. HID
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Light Source, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Light Source, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Wattage Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Wattage Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Wattage Type, 2024 to 2034
7.3.1. Below 50W
7.3.2. 50 - 150W
7.3.3. Above 150W
7.4. Y-o-Y Growth Trend Analysis By Wattage Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Wattage Type, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Sales Channel, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Sales Channel, 2024 to 2034
8.3.1. Retail/Wholesale
8.3.2. Direct Sales
8.3.3. Online/E-commerce
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Offering
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) Analysis By Offering, 2019 to 2023
9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Offering, 2024 to 2034
9.3.1. Hardware
9.3.2. Software
9.3.3. Services
9.4. Y-o-Y Growth Trend Analysis By Offering, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By Offering, 2024 to 2034
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
10.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
10.3.1. Livestock
10.3.2. Horticulture
10.3.3. Aquaculture
10.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
10.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
11.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
11.3.1. North America
11.3.2. Latin America
11.3.3. Western Europe
11.3.4. Eastern Europe
11.3.5. South Asia and Pacific
11.3.6. East Asia
11.3.7. Middle East and Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. USA
12.2.1.2. Canada
12.2.2. By Installation
12.2.3. By Light Source
12.2.4. By Wattage Type
12.2.5. By Sales Channel
12.2.6. By Offering
12.2.7. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Installation
12.3.3. By Light Source
12.3.4. By Wattage Type
12.3.5. By Sales Channel
12.3.6. By Offering
12.3.7. By Application
12.4. Key Takeaways
13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Brazil
13.2.1.2. Mexico
13.2.1.3. Rest of Latin America
13.2.2. By Installation
13.2.3. By Light Source
13.2.4. By Wattage Type
13.2.5. By Sales Channel
13.2.6. By Offering
13.2.7. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Installation
13.3.3. By Light Source
13.3.4. By Wattage Type
13.3.5. By Sales Channel
13.3.6. By Offering
13.3.7. By Application
13.4. Key Takeaways
14. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. Germany
14.2.1.2. UK
14.2.1.3. France
14.2.1.4. Spain
14.2.1.5. Italy
14.2.1.6. Rest of Western Europe
14.2.2. By Installation
14.2.3. By Light Source
14.2.4. By Wattage Type
14.2.5. By Sales Channel
14.2.6. By Offering
14.2.7. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Installation
14.3.3. By Light Source
14.3.4. By Wattage Type
14.3.5. By Sales Channel
14.3.6. By Offering
14.3.7. By Application
14.4. Key Takeaways
15. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. Poland
15.2.1.2. Russia
15.2.1.3. Czech Republic
15.2.1.4. Romania
15.2.1.5. Rest of Eastern Europe
15.2.2. By Installation
15.2.3. By Light Source
15.2.4. By Wattage Type
15.2.5. By Sales Channel
15.2.6. By Offering
15.2.7. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Installation
15.3.3. By Light Source
15.3.4. By Wattage Type
15.3.5. By Sales Channel
15.3.6. By Offering
15.3.7. By Application
15.4. Key Takeaways
16. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. India
16.2.1.2. Bangladesh
16.2.1.3. Australia
16.2.1.4. New Zealand
16.2.1.5. Rest of South Asia and Pacific
16.2.2. By Installation
16.2.3. By Light Source
16.2.4. By Wattage Type
16.2.5. By Sales Channel
16.2.6. By Offering
16.2.7. By Application
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Installation
16.3.3. By Light Source
16.3.4. By Wattage Type
16.3.5. By Sales Channel
16.3.6. By Offering
16.3.7. By Application
16.4. Key Takeaways
17. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
17.2.1. By Country
17.2.1.1. China
17.2.1.2. Japan
17.2.1.3. South Korea
17.2.2. By Installation
17.2.3. By Light Source
17.2.4. By Wattage Type
17.2.5. By Sales Channel
17.2.6. By Offering
17.2.7. By Application
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Installation
17.3.3. By Light Source
17.3.4. By Wattage Type
17.3.5. By Sales Channel
17.3.6. By Offering
17.3.7. By Application
17.4. Key Takeaways
18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
18.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
18.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
18.2.1. By Country
18.2.1.1. GCC Countries
18.2.1.2. South Africa
18.2.1.3. Israel
18.2.1.4. Rest of MEA
18.2.2. By Installation
18.2.3. By Light Source
18.2.4. By Wattage Type
18.2.5. By Sales Channel
18.2.6. By Offering
18.2.7. By Application
18.3. Market Attractiveness Analysis
18.3.1. By Country
18.3.2. By Installation
18.3.3. By Light Source
18.3.4. By Wattage Type
18.3.5. By Sales Channel
18.3.6. By Offering
18.3.7. By Application
18.4. Key Takeaways
19. Key Countries Market Analysis
19.1. USA
19.1.1. Pricing Analysis
19.1.2. Market Share Analysis, 2023
19.1.2.1. By Installation
19.1.2.2. By Light Source
19.1.2.3. By Wattage Type
19.1.2.4. By Sales Channel
19.1.2.5. By Offering
19.1.2.6. By Application
19.2. Canada
19.2.1. Pricing Analysis
19.2.2. Market Share Analysis, 2023
19.2.2.1. By Installation
19.2.2.2. By Light Source
19.2.2.3. By Wattage Type
19.2.2.4. By Sales Channel
19.2.2.5. By Offering
19.2.2.6. By Application
19.3. Brazil
19.3.1. Pricing Analysis
19.3.2. Market Share Analysis, 2023
19.3.2.1. By Installation
19.3.2.2. By Light Source
19.3.2.3. By Wattage Type
19.3.2.4. By Sales Channel
19.3.2.5. By Offering
19.3.2.6. By Application
19.4. Mexico
19.4.1. Pricing Analysis
19.4.2. Market Share Analysis, 2023
19.4.2.1. By Installation
19.4.2.2. By Light Source
19.4.2.3. By Wattage Type
19.4.2.4. By Sales Channel
19.4.2.5. By Offering
19.4.2.6. By Application
19.5. Germany
19.5.1. Pricing Analysis
19.5.2. Market Share Analysis, 2023
19.5.2.1. By Installation
19.5.2.2. By Light Source
19.5.2.3. By Wattage Type
19.5.2.4. By Sales Channel
19.5.2.5. By Offering
19.5.2.6. By Application
19.6. UK
19.6.1. Pricing Analysis
19.6.2. Market Share Analysis, 2023
19.6.2.1. By Installation
19.6.2.2. By Light Source
19.6.2.3. By Wattage Type
19.6.2.4. By Sales Channel
19.6.2.5. By Offering
19.6.2.6. By Application
19.7. France
19.7.1. Pricing Analysis
19.7.2. Market Share Analysis, 2023
19.7.2.1. By Installation
19.7.2.2. By Light Source
19.7.2.3. By Wattage Type
19.7.2.4. By Sales Channel
19.7.2.5. By Offering
19.7.2.6. By Application
19.8. Spain
19.8.1. Pricing Analysis
19.8.2. Market Share Analysis, 2023
19.8.2.1. By Installation
19.8.2.2. By Light Source
19.8.2.3. By Wattage Type
19.8.2.4. By Sales Channel
19.8.2.5. By Offering
19.8.2.6. By Application
19.9. Italy
19.9.1. Pricing Analysis
19.9.2. Market Share Analysis, 2023
19.9.2.1. By Installation
19.9.2.2. By Light Source
19.9.2.3. By Wattage Type
19.9.2.4. By Sales Channel
19.9.2.5. By Offering
19.9.2.6. By Application
19.10. Poland
19.10.1. Pricing Analysis
19.10.2. Market Share Analysis, 2023
19.10.2.1. By Installation
19.10.2.2. By Light Source
19.10.2.3. By Wattage Type
19.10.2.4. By Sales Channel
19.10.2.5. By Offering
19.10.2.6. By Application
19.11. Russia
19.11.1. Pricing Analysis
19.11.2. Market Share Analysis, 2023
19.11.2.1. By Installation
19.11.2.2. By Light Source
19.11.2.3. By Wattage Type
19.11.2.4. By Sales Channel
19.11.2.5. By Offering
19.11.2.6. By Application
19.12. Czech Republic
19.12.1. Pricing Analysis
19.12.2. Market Share Analysis, 2023
19.12.2.1. By Installation
19.12.2.2. By Light Source
19.12.2.3. By Wattage Type
19.12.2.4. By Sales Channel
19.12.2.5. By Offering
19.12.2.6. By Application
19.13. Romania
19.13.1. Pricing Analysis
19.13.2. Market Share Analysis, 2023
19.13.2.1. By Installation
19.13.2.2. By Light Source
19.13.2.3. By Wattage Type
19.13.2.4. By Sales Channel
19.13.2.5. By Offering
19.13.2.6. By Application
19.14. India
19.14.1. Pricing Analysis
19.14.2. Market Share Analysis, 2023
19.14.2.1. By Installation
19.14.2.2. By Light Source
19.14.2.3. By Wattage Type
19.14.2.4. By Sales Channel
19.14.2.5. By Offering
19.14.2.6. By Application
19.15. Bangladesh
19.15.1. Pricing Analysis
19.15.2. Market Share Analysis, 2023
19.15.2.1. By Installation
19.15.2.2. By Light Source
19.15.2.3. By Wattage Type
19.15.2.4. By Sales Channel
19.15.2.5. By Offering
19.15.2.6. By Application
19.16. Australia
19.16.1. Pricing Analysis
19.16.2. Market Share Analysis, 2023
19.16.2.1. By Installation
19.16.2.2. By Light Source
19.16.2.3. By Wattage Type
19.16.2.4. By Sales Channel
19.16.2.5. By Offering
19.16.2.6. By Application
19.17. New Zealand
19.17.1. Pricing Analysis
19.17.2. Market Share Analysis, 2023
19.17.2.1. By Installation
19.17.2.2. By Light Source
19.17.2.3. By Wattage Type
19.17.2.4. By Sales Channel
19.17.2.5. By Offering
19.17.2.6. By Application
19.18. China
19.18.1. Pricing Analysis
19.18.2. Market Share Analysis, 2023
19.18.2.1. By Installation
19.18.2.2. By Light Source
19.18.2.3. By Wattage Type
19.18.2.4. By Sales Channel
19.18.2.5. By Offering
19.18.2.6. By Application
19.19. Japan
19.19.1. Pricing Analysis
19.19.2. Market Share Analysis, 2023
19.19.2.1. By Installation
19.19.2.2. By Light Source
19.19.2.3. By Wattage Type
19.19.2.4. By Sales Channel
19.19.2.5. By Offering
19.19.2.6. By Application
19.20. South Korea
19.20.1. Pricing Analysis
19.20.2. Market Share Analysis, 2023
19.20.2.1. By Installation
19.20.2.2. By Light Source
19.20.2.3. By Wattage Type
19.20.2.4. By Sales Channel
19.20.2.5. By Offering
19.20.2.6. By Application
19.21. GCC Countries
19.21.1. Pricing Analysis
19.21.2. Market Share Analysis, 2023
19.21.2.1. By Installation
19.21.2.2. By Light Source
19.21.2.3. By Wattage Type
19.21.2.4. By Sales Channel
19.21.2.5. By Offering
19.21.2.6. By Application
19.22. South Africa
19.22.1. Pricing Analysis
19.22.2. Market Share Analysis, 2023
19.22.2.1. By Installation
19.22.2.2. By Light Source
19.22.2.3. By Wattage Type
19.22.2.4. By Sales Channel
19.22.2.5. By Offering
19.22.2.6. By Application
19.23. Israel
19.23.1. Pricing Analysis
19.23.2. Market Share Analysis, 2023
19.23.2.1. By Installation
19.23.2.2. By Light Source
19.23.2.3. By Wattage Type
19.23.2.4. By Sales Channel
19.23.2.5. By Offering
19.23.2.6. By Application
20. Market Structure Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Market Share Analysis of Top Players
20.3.1. By Regional
20.3.2. By Installation
20.3.3. By Light Source
20.3.4. By Wattage Type
20.3.5. By Sales Channel
20.3.6. By Offering
20.3.7. By Application
21. Competition Analysis
21.1. Competition Deep Dive
21.1.1. Signify N.V.
21.1.1.1. Overview
21.1.1.2. Product Portfolio
21.1.1.3. Profitability by Market Segments
21.1.1.4. Sales Footprint
21.1.1.5. Strategy Overview
21.1.1.5.1. Marketing Strategy
21.1.2. Ams-OSRAM AG
21.1.2.1. Overview
21.1.2.2. Product Portfolio
21.1.2.3. Profitability by Market Segments
21.1.2.4. Sales Footprint
21.1.2.5. Strategy Overview
21.1.2.5.1. Marketing Strategy
21.1.3. Tetra Laval International S.A. (DeLaval)
21.1.3.1. Overview
21.1.3.2. Product Portfolio
21.1.3.3. Profitability by Market Segments
21.1.3.4. Sales Footprint
21.1.3.5. Strategy Overview
21.1.3.5.1. Marketing Strategy
21.1.4. Heliospectra AB
21.1.4.1. Overview
21.1.4.2. Product Portfolio
21.1.4.3. Profitability by Market Segments
21.1.4.4. Sales Footprint
21.1.4.5. Strategy Overview
21.1.4.5.1. Marketing Strategy
21.1.5. Valoya Oy
21.1.5.1. Overview
21.1.5.2. Product Portfolio
21.1.5.3. Profitability by Market Segments
21.1.5.4. Sales Footprint
21.1.5.5. Strategy Overview
21.1.5.5.1. Marketing Strategy
21.1.6. California LightWorks (MWW Inc.)
21.1.6.1. Overview
21.1.6.2. Product Portfolio
21.1.6.3. Profitability by Market Segments
21.1.6.4. Sales Footprint
21.1.6.5. Strategy Overview
21.1.6.5.1. Marketing Strategy
21.1.7. Gavita International B.V.
21.1.7.1. Overview
21.1.7.2. Product Portfolio
21.1.7.3. Profitability by Market Segments
21.1.7.4. Sales Footprint
21.1.7.5. Strategy Overview
21.1.7.5.1. Marketing Strategy
21.1.8. Hortilux Schréder (Dool Industries)
21.1.8.1. Overview
21.1.8.2. Product Portfolio
21.1.8.3. Profitability by Market Segments
21.1.8.4. Sales Footprint
21.1.8.5. Strategy Overview
21.1.8.5.1. Marketing Strategy
21.1.9. CBM Lighting, Inc.
21.1.9.1. Overview
21.1.9.2. Product Portfolio
21.1.9.3. Profitability by Market Segments
21.1.9.4. Sales Footprint
21.1.9.5. Strategy Overview
21.1.9.5.1. Marketing Strategy
22. Assumptions & Acronyms Used23. Research Methodology
