Vertical Farming Lighting Market

Vertical Farming Lighting Market: Introduction

• Plants are grown in vertically-stacked planting beds stored in a controlled indoor environment in vertical farming
• Plants can be grown in indoor environments by using vertical farming lighting without sunlight. This cultivation process, known as vertical farming/ city farming, is suitable for propagating plants and cultivating healthier and pesticide-free crops.
• Vertical farm produces yields that significantly exceed those from a horizontal land area based on the height of the vertical stacks, spacing between the tiers, and the number of planting beds in each stack. This approach helps to boost production from currently available agricultural land and can be successfully deployed in dense urban areas where space is at a premium.
• This process maximizes crop and plant production by using ground-breaking vertical farming lighting to light multiple layers of crops and achieves a higher yield with a smaller footprint.
• These features make vertical farming lighting significantly important for multilevel farming and indoor growing to boost crop growth, which is expected to drive the market

Growing adoption in Agriculture & Horticulture Industry

• Based on the end-use industry, the global vertical farming lighting market can be segmented into agriculture & horticulture, healthcare, food & beverage, and others (residential, industrial, & entertainment, etc.). Among the end-use industries, agriculture & horticulture is expected to be the fastest-growing industry for vertical farming lighting during the forecast period. This can be ascribed to the increasing use of vertical farming lighting to create an environment where vegetables can be produced at scale for maximum impact with higher yields and shorter grow cycles, and without being impacted by climate.
• Vertical farming lighting is primarily used in plant breeding, crop protection, algae production, tissue culture, grafting, and cannabis cultivation. This factor is significantly driving the agriculture & horticulture segment.
• Rise in adoption of vertical farming to induce flowering and promote biomass accumulation in flowers such as roses, phalaenopsis orchid, lily, saintpaulia, begonia, poinsettia, hortensia, tulip, chrysanthemum, alstroemeria, and bromeliad is propelling the market

Asia Pacific to Lead Vertical Farming Lighting Market

• In terms of region, the global vertical farming lighting market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is expected to hold the largest share of the vertical farming lighting market throughout the forecast period due to increasing demand from the agriculture & horticulture industry
• Vertical farming lights are widely utilized to influence plant development and are often referred to as plant lights, growth lights, or horticulture lights
• The vertical farming lighting market in Asia Pacific is driven by growing population of the world, increased food consumption, innovations in instant foods such as noodles, ready-made oats, soups, and running investment in modern agriculture
• The vertical farming lighting market in North America and Europe is expected to expand at a significant rate during the forecast period due to increasing demand for vertical farming lighting from a wide range of industries such as agriculture & horticulture, healthcare, food & beverage. Moreover, the market is anticipated to be driven by leading countries such as the U.S., Canada, Germany, U.K., Spain, and Italy. The Middle East & Africa and South America vertical farming lighting markets are estimated to expand at a steady rate during the forecast period.

Key Players Operating in Global Vertical Farming Lighting Market

Key players operating in the global vertical farming lighting market are engaged in developing technologically advanced products to meet the rising demand for vertical farming lightings. Furthermore, several manufacturers are focusing on strategic mergers and acquisitions of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach. Leading players operating in the global vertical farming lighting market include:

• Signify Holding
• ams-OSRAM International GmbH
• Valoya
• Hortilux Schréder
• Bridgelux, Inc.
• Happy Leaf LED
• General Electric

Global Vertical Farming Lighting Market: Research Scope

Global Vertical Farming Lighting Market, by Type

• Indoor
• Outdoor

Global Vertical Farming Lighting Market, by End-use Industry

• Agriculture & Horticulture
• Healthcare
• Food & Beverage
• Others (Residential, Industrial, & Entertainment, etc.)

Global Vertical Farming Lighting Market, by Application

• Plant Breeding
• Crop Protection
• Algae Production
• Tissue Culture
• Grafting and Growing Cannabis

Global Vertical Farming Lighting Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa