The Global LED Lighting for Horticulture Application Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.
Experiments revealed surprising performance and production of vegetables and ornamental plants under LED lightsources. A large number of plant species have been assessed in greenhouse trials to make sure that the quality of biomass and biochemical ingredients of such plants is comparable with, or even higher than, those grown in field conditions. Plant performance of mint, basil, lentil, lettuce, cabbage, parsley and carrot was measured by assessing both the health and vigor of the plants and the success of the LEDs in promoting growth. Also noticed was profuse flowering of select ornamentals including primula, marigold and stock. Light emitting diodes (LEDs) offer efficient electric lighting in desired wavelengths (red + blue) which support greenhouse production in minimum time and with high quality and quantity. As LEDs are cool, plants can be placed as close as possible to light sources without overheating or scorching. This saves a large amount of space for intense cultivation.
As the report focuses on global LED Lighting for Horticulture Application Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

This report focuses on LED Lighting for Horticulture Application volume and value at the global level, regional level and company level. From a global perspective, this report represents overall LED Lighting for Horticulture Application market size by analysing historical data and future prospect.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
Cree
Fluence Bioengineering
Heliospectra
Hubbell Lighting
Illumitex
Kessil Lighting
Lemnis Oreon
LumiGrow
Osram Sylvania
Smart Grow Technologies
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
LED Lamp
LED Luminaire
In Market segmentation by applications :
Commercial greenhouse
Indoor and vertical farming

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the LED Lighting for Horticulture Application Market for the forecast period 2023 - 2030?
• What are the driving forces in the LED Lighting for Horticulture Application Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the LED Lighting for Horticulture Application industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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