South America Horticulture Lighting Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Fluorescent Lamps, High Intensity Discharge Lights, and LED Lights), Application (Greenhouses, Vertical Farming, and Indoor Farming), and Cultivation (Fruits and Vegetables and Floriculture)

Code: TIPRE00014176 | Pages: 68 | Industry: Electronics and Semiconductor | Date: Sep 2020 | Type: Regional

Market Introduction

Horticulture lighting is an artificial light used to facilitate photosynthesis. This process is beneficial in areas where adequate sunlight is absent. Horticulture lighting also enhances the growth of plants by illuminating them with artificial light. Horticulture's LED lighting technology is gaining traction in the market due to its numerous advantages, such as low power consumption and existing technologies, which enable lower energy costs. Horticultural lighting is used in urban agriculture, multi-layer cultivation, supplemental lighting, and daylight-free cultivation. Due to increasing awareness of sustainable farming, researchers, governments, and organizations have taken initiatives to improve horticulture with efficient and adequate lighting. Increase in demand for advanced lighting-related technologies is expected to boost the growth of the SAM horticulture lighting market. Toshiba and Panasonic have started to support the farmers by providing financial and technical support to establish vertical farms. Such developments in vertical agriculture are boosting the growth of the SAM horticulture lighting market. Various governments are emphasizing on the use of LED lighting technology. Thus, the government initiatives on rise is expected to create a significant demand for horticulture lighting in the coming years, which is further anticipated to drive the SAM horticulture lighting market. Again the ongoing COVID-19 pandemic is having severe impact over the SAM region. Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. At present, the total number of cases in Brazil accounted for 3,627,217 out of which 115,451 total deaths are recorded. The sharp decline in the sales of various horticulture lightning products in the region due to lockdown measures is expected to directly impact the growth of the horticulture lightning market in this region. The sharp decline in business activities and product sales are expected to directly affect the growth rate of the horticulture lightning market in SAM region for the next three to four quarters.

 

 

 


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Market Overview and Dynamics

The horticulture lighting market in SAM is expected to grow from US$ 161.6 million in 2019 to US$ 580.6 million by 2027; it is estimated to grow at a CAGR of 18.0 % from 2020 to 2027. Vertical farming is getting attention and is expected to drive the horticulture lighting market in SAM. Increase in population throughout SAM creates a huge demand for food, which cannot be fulfilled only through conventional or outdoor farming. In order to meet the increasing food demand, various countries are designing and implementing vertical farms, which includes cultivating plants on vertically inclined surfaces. Vertical farming produces crops by incorporating several technologies, such as robotics, internet of things, big data analytics, and Artificial Intelligence (AI); thus, it produces healthy crops without any agronomic constraint. The environmental degradation caused by traditional farming methods allows various countries to opt for vertical farming. It ensures pollution degradation and leads to growing food production and mitigates resources. It produces crops by artificially stacking plants vertically above each other, which may reduce the issues of malnutrition and contaminated food in the coming years. Several vertical farming businesses in SAM are growing across the urban parts of several countries with limited agricultural land. Vertical farming offers numerous opportunities for growers to sustainably produce crops by diminishing the use of water, reducing fertilizers, maintaining healthy ecosystems, and safeguarding crops from weather-related disasters. All these factors are collectively responsible for bolstering the growth of the SAM horticulture lighting market.

Key Market Segments

In terms of technology, the LED lights segment accounted for the largest share of the SAM horticulture lighting market in 2019. In terms of application, the greenhouses segment held a larger market share of the SAM horticulture lighting market in 2019. Further, the fruits & vegetables segment held a larger share of the market based on cultivation in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the horticulture lighting market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company; Hubbell, Inc.; Lumileds Holding B.V.; OSRAM Licht AG; Signify N.V.

 

Reasons to buy report

  • To understand the SAM horticulture lighting market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM horticulture lighting market.
  • Efficiently plan M&A and partnership deals in SAM horticulture lighting market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM horticulture lighting market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

 

SAM Horticulture Lighting Market Segmentation

By Technology

  • LED Lights
  • High Intensity Discharge Lights
  • Fluorescent Lamps

By Application

  • Greenhouses
  • Vertical Farming
  • Indoor Farming

By Cultivation

  • Fruits and Vegetables
  • Floriculture

By Country

  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

  • General Electric Company
  • Hubbell, Inc.
  • Lumileds Holding B.V.
  • OSRAM Licht AG
  • Signify N.V.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        SAM Horticulture Lighting Market – By Technology

1.3.2        SAM Horticulture Lighting Market – By Application

1.3.3        SAM Horticulture Lighting Market – By Cultivation

1.3.4        SAM Horticulture Lighting Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Horticulture Lighting Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Horticulture Lighting Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Government Initiatives on Rise

5.1.2        Improvements in Greenhouse and Indoor Farming Techniques Along With Rising Population

5.2         Market Restraints

5.2.1        Association of High Costs and Low Awareness

5.3         Market Opportunities

5.3.1        Vertical Farming Getting Attention

5.4         Future Trends

5.4.1        More Growth Opportunities to Come up due to LED Lighting

5.5         Impact Analysis of Drivers and Restraints

6.           Horticulture Lighting Market – SAM Analysis

6.1         Horticulture Lighting Market SAM Overview

6.2         SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           SAM Horticulture Lighting Market Analysis – By Technology

7.1         Overview

7.2         SAM Horticulture Lighting Market, By Technology (2019 and 2027)

7.3         LED Lights

7.3.1        Overview

7.3.2        LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

7.4         High Intensity Discharge Lights

7.4.1        Overview

7.4.2        High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Fluorescent Lamps

7.5.1        Overview

7.5.2        Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.           SAM Horticulture Lighting Market Analysis – By Application

8.1         Overview

8.2         SAM Horticulture Lighting Market, By Application (2019 and 2027)

8.3         Greenhouses

8.3.1        Overview

8.3.2        Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Vertical Farming

8.4.1        Overview

8.4.2        Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Indoor Farming

8.5.1        Overview

8.5.2        Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

9.           SAM Horticulture Lighting Market Analysis – By Cultivation

9.1         Overview

9.2         SAM Horticulture Lighting Market Breakdown, by Cultivation, 2019 & 2027

9.3         Fruits and Vegetables

9.3.1        Overview

9.3.2        Fruits and Vegetables Market Revenue and Forecast to 2027 (US$ Million)

9.4         Floriculture

9.4.1        Overview

9.4.2        Floriculture Market Revenue and Forecast to 2027 (US$ Million)

10.        SAM Horticulture Lighting Market – Country Analysis

10.1      Overview

10.1.1     SAM: Horticulture Lighting Market, by Key Country

10.1.1.1       Brazil: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       Brazil: Horticulture Lighting Market, by Technology

10.1.1.1.2       Brazil: Horticulture Lighting Market, by Application

10.1.1.1.3       Brazil: Horticulture Lighting Market, by Cultivation

10.1.1.2       Argentina: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       Argentina: Horticulture Lighting Market, by Technology

10.1.1.2.2       Argentina: Horticulture Lighting Market, by Application

10.1.1.2.3       Argentina: Horticulture Lighting Market, by Cultivation

10.1.1.3       Rest of SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Rest of SAM: Horticulture Lighting Market, by Technology

10.1.1.3.2       Rest of SAM: Horticulture Lighting Market, by Application

10.1.1.3.3       Rest of SAM: Horticulture Lighting Market, by Cultivation

11.        SAM Horticulture Lighting Market- COVID-19 Impact Analysis

11.1      SAM

12.        Industry Landscape

12.1      Market Initiative

12.2      Merger and Acquisition

12.3      New Development

13.        Company Profiles

13.1      Signify N.V.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Lumileds Holding B.V.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      OSRAM Licht AG

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      General Electric Company

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Hubbell, Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

            14.2      Word Index

LIST OF TABLES

Table 1.             SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Brazil: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Brazil: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Brazil: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Argentina: Horticulture Lighting Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Argentina: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Argentina: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Rest of SAM: Horticulture Lighting Market, by Technology–Revenue and Forecast to 2027 (US$ Million)

Table 9.             Rest of SAM: Horticulture Lighting Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Rest of SAM: Horticulture Lighting Market, by Cultivation –Revenue and Forecast to 2027 (US$ Million)

Table 11.          List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Horticulture Lighting Market Segmentation

Figure 2.           SAM Horticulture Lighting Market Segmentation – By Country

Figure 3.           SAM Horticulture Lighting Market Overview

Figure 4.           LED Lights Segment Held the Largest Market Share Based on Technology

Figure 5.           Greenhouses Segment Held the Largest Market Share Based on Application

Figure 6.           Fruits and Vegetables Segment Held the Largest Market Share Based on Cultivation

Figure 7.           Brazil to Show Great Traction During Forecast Period

Figure 8.           SAM: PEST Analysis

Figure 9.           Expert Opinion

Figure 10.        SAM Horticulture Lighting Market: Impact Analysis of Drivers and Restraints

Figure 11.        SAM Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        SAM Horticulture Lighting Market Revenue Share, by Technology (2019 and 2027)

Figure 13.        SAM LED Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        SAM High Intensity Discharge Lights: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        SAM Fluorescent Lamps: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        SAM Horticulture Lighting Market Revenue Share, by Application (2019 and 2027)

Figure 17.        SAM Greenhouses: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        SAM Vertical Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        SAM Indoor Farming: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        SAM Horticulture Lighting Market Breakdown, by Cultivation (2019 and 2027)

Figure 21.        SAM Fruits and Vegetables Market Revenue and Forecast to 2027(US$ Million)

Figure 22.        SAM Floriculture Market Revenue and Forecast to 2027(US$ Million)

Figure 23.        SAM: Horticulture Lighting Market Revenue Share, By Key Country (2019 and 2027)

Figure 24.        Brazil: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Argentina: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of SAM: Horticulture Lighting Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.          Impact of COVID-19 Pandemic in SAM Country Markets

 

The List of Companies - South America Horticulture Lighting Market

  1. General Electric Company
  2. Hubbell, Inc.
  3. Lumileds Holding B.V.
  4. OSRAM Licht AG
  5. Signify N.V.
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