Agricultural Led Market Synopsis
Software Quality Assurance Market Size Was Valued at USD 4.82 Billion in 2023, and is Projected to Reach USD 27.81 Billion by 2032, Growing at a CAGR of 21.5% From 2024-2032.
An economic model known as a "agriculturally led market" is one in which a region's or nation's economy is primarily driven by agriculture. The idea behind this notion is to use agricultural resources, technologies, and activities to boost other economic sectors, like food processing, agribusiness, and rural development. Through the agricultural sector's transformative impact on the economy, agricultural-led markets seek to build sustainable lives, increase food security, and support general economic stability and growth by focusing on improving agricultural productivity, infrastructure, and market access.
- A number of reasons that are changing the face of agriculture globally are driving the current strong growth pace in the Agricultural Led Market. The growing need for sustainable farming methods that maximize resource efficiency and minimize environmental damage is one of the main motivators. Technological developments such as Internet of Things (IoT) applications, precision farming methods, and artificial intelligence (AI)-powered advanced data analytics strongly encourage this trend. Through the use of precise pest management techniques, optimal irrigation and fertilizer utilization, and real-time crop monitoring, these advances are transforming conventional farming practices.
- Additionally, there is a discernible movement in favor of eco-friendly and organic farming methods due to customer demands for food products that are produced ethically and healthily. Globally, governments are also essential in advancing sustainable agriculture by means of programs that encourage farmers to embrace contemporary technology and comply with environmental guidelines. The industry is seeing constant innovation because to this governmental assistance as well as rising investments in agricultural R&D.
- The development of cutting-edge solutions is being stepped up by major players in the Agricultural Led Market, including as technology suppliers, producers of agricultural equipment, and agrochemical firms. These include drones for aerial crop surveillance, smart sensors for soil monitoring, and predictive analytics tools for yield optimization and weather predictions. Long-term sustainability is ensured by increasing farm productivity while reducing inputs like water and fertilizers.
- The future of the Agricultural Led Market seems bright, especially in emerging nations where there is an increasing need to increase agricultural production and food security in the face of changing climate circumstances. It is anticipated that investments in capacity building and infrastructure development will accelerate market expansion and create new opportunities for players in the agricultural value chain. Generally, in the Agricultural Led Market, the convergence of technology, regulatory backing, and changing customer tastes is expected to propel ongoing innovation and growth in the upcoming years.
Agricultural Led Market Trend Analysis
Efficiency and Energy Savings
- The efficient development of agricultural LEDs marks a significant turn in the direction of economical solutions and sustainable farming methods in contemporary agriculture. In greenhouses and indoor farms, traditional lighting techniques like fluorescent lights or high-pressure sodium (HPS) lamps have long been employed. But these techniques are frequently ineffective, using a lot of energy and creating a lot of heat, which can negatively impact plant development and raise operating expenses.
- Agricultural LEDs, on the other hand, are made to emit particular light wavelengths that are ideal for photosynthesis and plant development. By encouraging improved growth rates and yields, this focused approach not only increases crop productivity but also lowers energy usage. LEDs minimize lost energy in the form of heat and work more effectively by turning a higher percentage of electricity into useable light. This efficiency lowers the total carbon footprint of agricultural operations and results in cheaper electricity bills for farmers.
- Furthermore, as worries about food security and environmental sustainability continue to rise globally, there is a greater need than ever for sustainable farming methods. Agricultural LEDs provide an attractive option since they enable production in controlled environments all year round, regardless of the weather or natural sunshine. This capacity lessens the effect of climate change on agricultural output while also guaranteeing stable crop harvests. Because agricultural LEDs have the demonstrated capacity to produce larger yields with less energy input, the agriculture industry is likely to adopt them more quickly, supporting both environmental stewardship and economic viability.
Efficiency and Energy Savings
- Agriculture has seen a revolutionary shift because to LED technology, which provides unparalleled flexibility and control over illumination factors. Agricultural LEDs allow farmers to adjust light spectra to meet the unique needs of various crops and growth phases, in contrast to traditional lighting methods that offer fewer spectrum and intensity possibilities. To ensure optimal development throughout the plant's lifespan, blue and red wavelengths can be adjusted to stimulate vegetative growth or the blooming and fruiting stages, respectively. Due to the fact that various plants have varied light sensitivity and metabolic reactions to different wavelengths, this flexibility is essential for optimizing crop yields and quality.
- Furthermore, farmers may develop customized light regimes adjusted to environmental elements like temperature and humidity or simulate natural sunshine conditions thanks to the accuracy with which light intensity and duration can be controlled. This feature is especially helpful in indoor farming and vertical agriculture settings where natural sunlight may be scarce or erratic. Regardless of the outside weather, farmers may establish the perfect growing environment all year round, maximizing growth cycles and lowering reliance on seasonal fluctuations.
- Furthermore, agricultural LEDs' ability to be controlled and monitored is further improved by their integration with smart technologies and sensors. Based on real-time data on plant growth metrics, environmental factors, and energy consumption patterns, automated systems can modify lighting schedules. In addition to increasing operational effectiveness, this data-driven strategy makes proactive management techniques possible that adapt quickly to shifting cultivation requirements. Consequently, agricultural LEDs open the door for future farming approaches that will be more efficient and sustainable while also giving farmers more control over the growth and productivity of their crops.
Agricultural Led Market Segment Analysis:
Agricultural Led Market Segmented based on By Lighting Type, By Technology, By Offering and By Application.
By Lighting Type, Toplighting segment is expected to dominate the market during the forecast period
- Modern farming methods must use toplighting, especially in greenhouse and indoor farming settings where increasing crop productivity and quality is critical. To ensure that light is delivered uniformly over the entire growing area, this style of illumination uses overhead lamps that are positioned above the canopy of the plants. Growers may successfully replicate natural sunshine conditions, which are necessary for photosynthesis and overall plant development, by carefully positioning these fixtures.
- Toplighting is essential for extending growing seasons and maximizing plant development in greenhouses. It provides constant lighting regardless of the weather or location by somewhat offsetting variations in the length and intensity of natural light. Growers can plant a greater variety of crops year-round thanks to this uniformity, which boosts productivity and profitability. Additionally, modern control technologies are frequently coupled with toplighting systems to enable exact modulation of light intensity, spectrum, and duration, suited to particular crop requirements and growth stages. This degree of control, which minimizes energy use and maximizes resource utilization, not only supports sustainable agricultural techniques but also encourages healthier plant growth.
- Toplighting is essential in indoor agricultural environments where natural light may be scarce or nonexistent. Indoor farmers may optimize growing conditions for crops, maximize space usage, and guarantee uniform development throughout the facility by carefully placing overhead lighting. This method not only increases output but also makes vertical farming operations easier, allowing for the effective growth of numerous layers of crops under controlled lighting. As technology develops, toplighting system advancements—like the use of LED technology for its adaptable spectrum output and energy efficiency—are further transforming the agriculture sector and boosting sustainability and production.
By Application, Greenhouses segment held the largest share in 2023
- They can produce controlled environments that improve crop growth and shield plants from unfavorable weather, greenhouses are essential to modern agriculture. Agricultural lighting is essential in greenhouses because it enables growers to increase daylight hours, control light intensity, and add extra illumination when natural light levels are low. This feature is especially helpful in areas with short daylight hours or erratic weather patterns, where ongoing crop production depends on steady and ideal illumination.
- Depending on the needs of the crop and the surrounding environment, greenhouse lighting systems are made to either supplement or completely replace natural sunshine. Growers can modify light spectra to support particular plant growth stages, improve photosynthesis, and affect crop quality by carefully combining lighting systems. For example, certain crops gain from specific light wavelengths that enhance nutrient uptake or flowering, which can greatly increase total output and product quality.
- Furthermore, the sector has undergone a revolution because to developments in greenhouse lighting technologies, such as LED systems, which offer energy-efficient solutions with light spectra that are customized to the requirements of plants. These technologies minimize energy consumption and environmental impact, which not only lowers operating costs but also promotes sustainable farming practices. Growers can also adjust lighting schedules and intensities with automated lighting control systems, which maximizes resource efficiency and guarantees steady crop yield all year round. Greenhouse lighting solutions are essential to satisfying the demand for higher food production while reducing environmental impact as agriculture continues to shift toward more sustainable and efficient practices.
Agricultural Led Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- North America stands at the forefront of the agricultural LED market, propelled by a combination of advanced farming techniques and a robust adoption of cutting-edge technology. Particularly the United States and Canada present a vibrant scene where innovation and agriculture coexist. These nations have adopted LED lighting as the mainstay of contemporary farming methods, not just as an addition. With the exact control that LED technology provides over light spectrum and intensity, photosynthesis and growth cycles may be optimized to maximize agricultural yields and enhance the quality of produced goods.
- Agricultural centers such as the Central Valley of California in the United States are prime examples of how LED lighting is being incorporated into large-scale farming operations. Here, indoor farming facilities and large greenhouses are equipped with LED systems to guarantee year-round production and uniform crop quality. The coexistence of prominent LED producers, academic institutions, and startups focused on agricultural technology cultivates an environment that is very conducive to ongoing innovation and advancement. Academic-industry partnerships propel LED technology forward, customized to suit the unique requirements of various crops and climates throughout North America.
- Furthermore, LED advancements greatly assist Canada's agriculture industry, especially in areas with shorter growing seasons. LED illumination increases crop resilience against unfavorable weather conditions and lengthens the growth season, all of which contribute to a more dependable and sustainable food supply chain. The adoption of LED solutions is accelerated by the Canadian government's support for agricultural research and development, thereby solidifying the region's leadership in agricultural technology innovation. LED lighting is expected to become more prevalent as North America's agricultural sector continues to focus on sustainability and efficiency, increasing productivity and establishing new standards for international agricultural practices.
Active Key Players in the Agricultural Led Market
- Philips (Netherlands)
- Osram (Germany)
- General Electric (US)
- Easy Agricultural (US)
- Illumitex (US)
- Fionia Lighting (Denmark)
- Lumigrow (US)
- Kind LED (US)
- Grow Lights (US)
- California LightWorks (US) and Other Active Players
Global Agricultural Led Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 4.82 Bn. |
Forecast Period 2024-32 CAGR: |
21.5 % |
Market Size in 2032: |
USD 27.81 Bn. |
Segments Covered: |
By Lighting Type |
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By Technology |
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By Offering |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
 1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis
Chapter 4: Agricultural Led Market by Lighting Type
 4.1 Agricultural Led Market Snapshot and Growth Engine
 4.2 Agricultural Led Market Overview
 4.3 Toplighting
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Toplighting: Geographic Segmentation Analysis
 4.4 interlighting
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 interlighting: Geographic Segmentation Analysis
 4.5 Photoperiodic Lighting
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Photoperiodic Lighting: Geographic Segmentation Analysis
 4.6 Supplemental Lighting
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Supplemental Lighting: Geographic Segmentation Analysis
 4.7 Sole-Source Lighting
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Sole-Source Lighting: Geographic Segmentation Analysis
Chapter 5: Agricultural Led Market by Technology
 5.1 Agricultural Led Market Snapshot and Growth Engine
 5.2 Agricultural Led Market Overview
 5.3 High-Intensity Discharge
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 High-Intensity Discharge: Geographic Segmentation Analysis
 5.4 Fluorescent
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Fluorescent: Geographic Segmentation Analysis
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Geographic Segmentation Analysis
Chapter 6: Agricultural Led Market by Offering
 6.1 Agricultural Led Market Snapshot and Growth Engine
 6.2 Agricultural Led Market Overview
 6.3 Hardware
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hardware: Geographic Segmentation Analysis
 6.4 Software
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Software: Geographic Segmentation Analysis
 6.5 Services
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Services: Geographic Segmentation Analysis
Chapter 7: Agricultural Led Market by Application
 7.1 Agricultural Led Market Snapshot and Growth Engine
 7.2 Agricultural Led Market Overview
 7.3 Greenhouses
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Greenhouses: Geographic Segmentation Analysis
 7.4 Vertical Farming
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Vertical Farming: Geographic Segmentation Analysis
 7.5 Indoor Farming
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Indoor Farming: Geographic Segmentation Analysis
 7.6 Other
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Other: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Agricultural Led Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 PHILIPS (NETHERLANDS)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 OSRAM (GERMANY)
 8.4 GENERAL ELECTRIC (US). EASY AGRICULTURAL (US)
 8.5 ILLUMITEX (US)
 8.6 FIONIA LIGHTING (DENMARK)
 8.7 LUMIGROW (US)
 8.8 KIND LED (US)
 8.9 GROW LIGHTS (US)
 8.10 CALIFORNIA LIGHTWORKS (US)
 8.11 OTHER ACTIVE PLAYERS
Chapter 9: Global Agricultural Led Market By Region
 9.1 Overview
 9.2. North America Agricultural Led Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Lighting Type
   9.2.4.1 Toplighting
   9.2.4.2 interlighting
   9.2.4.3 Photoperiodic Lighting
   9.2.4.4 Supplemental Lighting
   9.2.4.5 Sole-Source Lighting
  9.2.5 Historic and Forecasted Market Size By Technology
   9.2.5.1 High-Intensity Discharge
   9.2.5.2 Fluorescent
   9.2.5.3 Others
  9.2.6 Historic and Forecasted Market Size By Offering
   9.2.6.1 Hardware
   9.2.6.2 Software
   9.2.6.3 Services
  9.2.7 Historic and Forecasted Market Size By Application
   9.2.7.1 Greenhouses
   9.2.7.2 Vertical Farming
   9.2.7.3 Indoor Farming
   9.2.7.4 Other
  9.2.8 Historic and Forecast Market Size by Country
   9.2.8.1 US
   9.2.8.2 Canada
   9.2.8.3 Mexico
 9.3. Eastern Europe Agricultural Led Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Lighting Type
   9.3.4.1 Toplighting
   9.3.4.2 interlighting
   9.3.4.3 Photoperiodic Lighting
   9.3.4.4 Supplemental Lighting
   9.3.4.5 Sole-Source Lighting
  9.3.5 Historic and Forecasted Market Size By Technology
   9.3.5.1 High-Intensity Discharge
   9.3.5.2 Fluorescent
   9.3.5.3 Others
  9.3.6 Historic and Forecasted Market Size By Offering
   9.3.6.1 Hardware
   9.3.6.2 Software
   9.3.6.3 Services
  9.3.7 Historic and Forecasted Market Size By Application
   9.3.7.1 Greenhouses
   9.3.7.2 Vertical Farming
   9.3.7.3 Indoor Farming
   9.3.7.4 Other
  9.3.8 Historic and Forecast Market Size by Country
   9.3.8.1 Bulgaria
   9.3.8.2 The Czech Republic
   9.3.8.3 Hungary
   9.3.8.4 Poland
   9.3.8.5 Romania
   9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Agricultural Led Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Lighting Type
   9.4.4.1 Toplighting
   9.4.4.2 interlighting
   9.4.4.3 Photoperiodic Lighting
   9.4.4.4 Supplemental Lighting
   9.4.4.5 Sole-Source Lighting
  9.4.5 Historic and Forecasted Market Size By Technology
   9.4.5.1 High-Intensity Discharge
   9.4.5.2 Fluorescent
   9.4.5.3 Others
  9.4.6 Historic and Forecasted Market Size By Offering
   9.4.6.1 Hardware
   9.4.6.2 Software
   9.4.6.3 Services
  9.4.7 Historic and Forecasted Market Size By Application
   9.4.7.1 Greenhouses
   9.4.7.2 Vertical Farming
   9.4.7.3 Indoor Farming
   9.4.7.4 Other
  9.4.8 Historic and Forecast Market Size by Country
   9.4.8.1 Germany
   9.4.8.2 UK
   9.4.8.3 France
   9.4.8.4 Netherlands
   9.4.8.5 Italy
   9.4.8.6 Russia
   9.4.8.7 Spain
   9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Agricultural Led Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Lighting Type
   9.5.4.1 Toplighting
   9.5.4.2 interlighting
   9.5.4.3 Photoperiodic Lighting
   9.5.4.4 Supplemental Lighting
   9.5.4.5 Sole-Source Lighting
  9.5.5 Historic and Forecasted Market Size By Technology
   9.5.5.1 High-Intensity Discharge
   9.5.5.2 Fluorescent
   9.5.5.3 Others
  9.5.6 Historic and Forecasted Market Size By Offering
   9.5.6.1 Hardware
   9.5.6.2 Software
   9.5.6.3 Services
  9.5.7 Historic and Forecasted Market Size By Application
   9.5.7.1 Greenhouses
   9.5.7.2 Vertical Farming
   9.5.7.3 Indoor Farming
   9.5.7.4 Other
  9.5.8 Historic and Forecast Market Size by Country
   9.5.8.1 China
   9.5.8.2 India
   9.5.8.3 Japan
   9.5.8.4 South Korea
   9.5.8.5 Malaysia
   9.5.8.6 Thailand
   9.5.8.7 Vietnam
   9.5.8.8 The Philippines
   9.5.8.9 Australia
   9.5.8.10 New Zealand
   9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Agricultural Led Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Lighting Type
   9.6.4.1 Toplighting
   9.6.4.2 interlighting
   9.6.4.3 Photoperiodic Lighting
   9.6.4.4 Supplemental Lighting
   9.6.4.5 Sole-Source Lighting
  9.6.5 Historic and Forecasted Market Size By Technology
   9.6.5.1 High-Intensity Discharge
   9.6.5.2 Fluorescent
   9.6.5.3 Others
  9.6.6 Historic and Forecasted Market Size By Offering
   9.6.6.1 Hardware
   9.6.6.2 Software
   9.6.6.3 Services
  9.6.7 Historic and Forecasted Market Size By Application
   9.6.7.1 Greenhouses
   9.6.7.2 Vertical Farming
   9.6.7.3 Indoor Farming
   9.6.7.4 Other
  9.6.8 Historic and Forecast Market Size by Country
   9.6.8.1 Turkey
   9.6.8.2 Bahrain
   9.6.8.3 Kuwait
   9.6.8.4 Saudi Arabia
   9.6.8.5 Qatar
   9.6.8.6 UAE
   9.6.8.7 Israel
   9.6.8.8 South Africa
 9.7. South America Agricultural Led Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Lighting Type
   9.7.4.1 Toplighting
   9.7.4.2 interlighting
   9.7.4.3 Photoperiodic Lighting
   9.7.4.4 Supplemental Lighting
   9.7.4.5 Sole-Source Lighting
  9.7.5 Historic and Forecasted Market Size By Technology
   9.7.5.1 High-Intensity Discharge
   9.7.5.2 Fluorescent
   9.7.5.3 Others
  9.7.6 Historic and Forecasted Market Size By Offering
   9.7.6.1 Hardware
   9.7.6.2 Software
   9.7.6.3 Services
  9.7.7 Historic and Forecasted Market Size By Application
   9.7.7.1 Greenhouses
   9.7.7.2 Vertical Farming
   9.7.7.3 Indoor Farming
   9.7.7.4 Other
  9.7.8 Historic and Forecast Market Size by Country
   9.7.8.1 Brazil
   9.7.8.2 Argentina
   9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Global Agricultural Led Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 4.82 Bn. |
Forecast Period 2024-32 CAGR: |
21.5 % |
Market Size in 2032: |
USD 27.81 Bn. |
Segments Covered: |
By Lighting Type |
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By Technology |
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By Offering |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Agricultural Led Market research report is 2024-2032.
Philips (Netherlands), Osram (Germany), General Electric (US), Easy Agricultural (US), Illumitex (US), Fionia Lighting (Denmark), Lumigrow (US),Kind LED (US), Grow Lights (US), California LightWorks (US), and Other Major Players.
The Agricultural Led Market is segmented into By Lighting Type, By Technology, By Offering, By Application and region. By Lighting Type, the market is categorized into Toplighting, interlighting, Photoperiodic Lighting, Supplemental Lighting and Sole-Source Lighting.By Technology, the market is categorized into High-Intensity Discharge, Fluorescent and Others. By Offering, the market is categorized into Hardware, Software and Services.By Application, the market is categorized into Greenhouses, Vertical Farming, Indoor Farming and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
An economic model known as a "agriculturally led market" is one in which a region's or nation's economy is primarily driven by agriculture. The idea behind this notion is to use agricultural resources, technologies, and activities to boost other economic sectors, like food processing, agribusiness, and rural development. Through the agricultural sector's transformative impact on the economy, agricultural-led markets seek to build sustainable lives, increase food security, and support general economic stability and growth by focusing on improving agricultural productivity, infrastructure, and market access.