Global Aquaculture and Horticulture Lighting Growth Opportunities
Global Aquaculture and Horticulture Lighting Growth Opportunities
Sustainable Innovation Culture Advancing the Development of Energy Efficient Grow Lights
28-Jun-2022
Global
Description
Improving agriculture productivity and output is vital to maintaining food security, given the impacts of the rising global population, demand for quality produce, shrinking arable land, and climate change.
Horticulture and aquaculture lighting are viable solutions to boost crop produce and stimulate animal growth in a controlled environment. Lighting plays a major role in sustainable practices to ensure minimal damage to natural resources and reduced carbon-nitrogen footprint while achieving maximum productivity. Grow light is a common name for aquaculture and horticulture lights. These light sources supplement natural light and, in some cases, are the primary source of light for animal and plant growth, eliminating dependence on external factors, such as sunlight. The ability to grow a steady supply of crops with controlled-environment agriculture (CEA), regardless of weather conditions, will be a major factor driving the adoption of innovative lighting sources.
The global aquaculture and horticulture lighting industry is a high-growth market and forecast to increase at a 25.5% compound annual growth rate between 2021 and 2027. The market’s robust growth rate is forecast to exceed the traditional LED or the lighting controls industry. Europe and North America are expected to lead market growth, while Asia-Pacific will register the highest growth rate over the forecast period.
The adoption of digital technologies, such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT), for horticulture and aquaculture will generate additional revenue streams.
The aquaculture and horticulture industry comprises a mix of Tier I (global companies), Tier II (strong local brand equity and presence), and Tier III (smaller entities with limited presence or unit of a larger company) players.
The study focuses on the revenue manufacturers earn from the sale of lighting products, including hardware (modules, fixtures, and luminaires ready for installation) and software solutions for monitoring growth and controlling hardware. Frost & Sullivan gathered insights from OEMs, industry experts, and distributors to produce the forecasts in the study.
Author: Dennis Marcell Victor
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Aquaculture and Horticulture Lighting Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Aquaculture and Horticulture Industry Overview
Aquaculture and Horticulture Industry Overview (continued)
Growth Metrics
Growth Drivers
Growth Restraints
Certifications, Standards, and Regulations for Agriculture and Horticulture Lighting
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Application
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Revenue Forecast by Technology—Aquaculture Lighting
Revenue Forecast by Technology—Horticulture Lighting
Revenue Forecast Analysis by Technology
Light Sources for Horticulture
LED Light Spectrum and its Effect on Plant Growth
Competitive Framework
Mergers and Acquisitions (M&As) and Partnerships
Mergers and Acquisitions (M&As) and Partnerships (continued)
Pricing Analysis
Market Snapshot—North America
Forecast Analysis—North America
Market Snapshot—Europe
Forecast Analysis—Europe
Market Snapshot—APAC
Forecast Analysis—APAC
Market Snapshot—MEA
Forecast Analysis—MEA
Market Snapshot—Latin America
Forecast Analysis—Latin America
Growth Opportunity 1: Aquaculture and Horticulture Advancement Beyond Subsistence Farming
Growth Opportunity 1: Aquaculture and Horticulture Advancement Beyond Subsistence Farming (continued)
Growth Opportunity 2: Investment in Enabling Technologies and Infrastructure
Growth Opportunity 2: Investment in Enabling Technologies and Infrastructure (continued)
Growth Opportunity 3: Cultivation of Staple Crops
Growth Opportunity 3: Cultivation of Staple Crops (continued)
Growth Opportunity 4: Regional Focus
Growth Opportunity 4: Regional Focus (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Related Research
Popular Topics
Author | Dennis Marcell Victor |
---|---|
Industries | Environment |
No Index | No |
Is Prebook | No |
Podcast | No |
WIP Number | PD1F-01-00-00-00 |