1Q 2018

LED Lighting for Horticultural Applications

Advanced Lighting Technology for Food Crops, Floriculture, Cannabis, and Livestock: Global Market Analysis and Forecasts

The market for horticultural LEDs is gaining momentum as better technology and the growth of new construction for indoor farming facilities continue to drive high adoption rates. Lighting manufacturers have discovered ways to increase both the quantity and the quality of crop production by applying full-spectrum LEDs and various lighting recipes. The tunable solutions of LEDs are designed to support the plant during different stages of the grow cycle, allowing farmers to monitor every known influence on the crop’s well-being—such as changing the light spectrum, intensity, and the plant’s proximity to the light source.

Improvements in LED technology have resulted in greater energy efficiency and crop yields for applicants, improving profits for growers across the board. Increased economies of scale through more efficient grow operations have caught the attention of big name investors like Amazon and Alphabet, generating diverse partnerships with regional and industry expertise. Developing countries in parts of Asia Pacific have shown interest in implementing better grow technology, especially for areas facing food security, pollution, and water scarcity issues. The realization of the market potential for indoor farming has led to increased adoption rates, as a growing number of indoor farming facilities are popping up around the world.

This Navigant Research report analyzes the global market potential for horticultural lighting, with a focus on LEDs. The study provides an analysis of the market issues, including drivers and barriers, associated with lighting for horticultural applications. Global market forecasts for lamps and luminaires, segmented by horticulture type, building type, technology type, and region, extend through 2027. The report also examines regional LED horticulture market highlights, as well as the competitive landscape.

Pages 34
Tables | Charts | Figures 31

  • What can customers expect from LED horticulture offerings?
  • How have declining costs for LED technology affected market penetration?
  • Which building types are the best near-term bets for attractive ROIs on LED horticulture offerings?
  • What are the business models behind indoor farming projects?
  • What types of plants are being grown indoors and in what regions?
  • What opportunities does the horticulture market offer lighting vendors?

  • LED horticultural application providers
  • Lighting manufacturers
  • Indoor farming companies
  • Indoor farming growers
  • Government agencies
  • Non-governmental organizations
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Conditions

1.3   Market Forecast

2. Market Issues

2.1   Market Overview

2.2   Considerations by Type of Agriculture and Grow Facilities

2.2.1   Horticulture Types

2.2.2   Building Types

2.3   Market Drivers

2.3.1   More Control

2.3.2   Operational Efficiency

2.3.3   Cannabis Legalization

2.4   Market Barriers

2.4.1   Cost

2.4.2   Technology Uncertainty

2.5   Regional LED Horticulture Market Highlights

2.5.1   North America

2.5.2   Europe

2.5.3   Asia Pacific

3. Key Industry Influencers

3.1   Introduction

3.1.1   Acuity Brands

3.1.2   Black Dog LED

3.1.3   Cree

3.1.4   LumiGrow

3.1.5   OSRAM

3.1.6   Philips Lighting

4. Market Forecasts

4.1   Forecast Overview

4.1.1   Horticulture Type

4.1.2   Technology Type

4.1.3   Building Type

4.1.4   Forecast Components

4.2   Covered Agriculture Space by Horticulture Type

4.3   Horticulture Luminaire Shipments by Technology Type

4.4   Horticulture Luminaire Revenue by Technology Type

4.5   Covered Agriculture Space by Building Type and Region

4.5.1   North America

4.5.2   Europe

4.5.3   Asia Pacific

4.5.4   Latin America

4.5.5   Middle East & Africa

4.6   Conclusion and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes

  • Luminaire Revenue by Region, World Markets: 2018-2027
  • Covered Agricultural Space by Horticulture Type, World Markets: 2018-2027
  • Luminaire Shipments by Technology Type, World Markets: 2018-2027
  • Luminaire Revenue by Technology Type, World Markets: 2018-2027
  • New Construction Covered Agricultural Space by Building Type, World Markets: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, North America: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, Europe: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, Asia Pacific: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, Latin America: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, Middle East & Africa: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, World Markets: 2018-2027
  • Luminaire Shipments by Horticulture Type, World Markets: 2018-2027
  • Lamp Revenue by Technology Type, World Markets: 2018-2027
  • New Construction Covered Agricultural Space by Building Type, North America: 2018-2027
  • New Construction Covered Agricultural Space by Building Type, Europe: 2018-2027

  • Type of Horticulture Products
  • Type of Horticulture Buildings
  • Covered Agricultural Space by Horticulture Type, World Markets: 2018-2027
  • Covered Agricultural Space by Horticulture Type and Region, World Markets: 2018-2027
  • Luminaire Shipments by Horticulture Type, World Markets: 2018-2027
  • Luminaire Shipments by Horticulture Type and Region, World Markets: 2018-2027
  • Luminaire Shipments by Technology Type, World Markets: 2018-2027
  • Luminaire Shipments by Technology Type and Region, World Markets: 2018-2027
  • Luminaire Revenue by Technology Type, World Markets: 2018-2027
  • Luminaire Revenue by Technology Type and Region, World Markets: 2018-2027
  • Lamp Revenue by Technology Type, World Markets: 2018-2027
  • Lamp Revenue by Technology Type and Region, World Markets: 2018-2027
  • New Construction Covered Agricultural Space by Building Type, World Markets: 2018-2027
  • New Construction Covered Agricultural Space by Building Type and Region, World Markets: 2018-2027
  • LED Luminaire Revenue by Horticulture Type, World Markets: 2018-2027
  • LED Luminaire Revenue by Horticulture Type and Region, World Markets: 2018-2027

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