Horticulture LED Growth Light Market

Horticulture involves the cultivation of plants for food, medicine, or ornamental purposes. It includes activities such as nursery production, landscape design, and floristry. The horticulture industry has been witnessing significant growth in recent years owing to the increasing demand for fresh fruits and vegetables, ornamental plants, and landscaping services.The use of LEDs in horticulture applications is expected to increase further due to their energy efficiency and long life span, resulting in cost savings over time. 

The horticulture LED light growth market is expected to grow at a CAGR of **% during the forecast period (2019–2031). The major factors driving the growth of the market are the increasing demand for energy-efficient lighting solutions and the rising adoption of LED technology in horticulture applications. The horticulture LED growth light market is the fastest-growing segment of the global lighting industry.

The latest trends in the horticulture LED growth light market include the development of new light sources with improved efficiency and better light quality, advances in horticultural lighting controls, and the increasing use of LEDs in greenhouse applications.

Philips, General Electric, Osram, Everlight Electronics, Gavita, Hubbell, Lighting, and Kessil are the major players in the horticulture LED growth light market.