Market Share of Horticulture Lighting Industry
The Horticulture Lighting Market is highly competitive, owing to the presence of multiple domestic and international companies. The market appears to be highly fragmented, with significant players adopting strategies like product innovation, partnerships, collaborations, and mergers and acquisitions. Some of the major players in the market are Heliospectra AB, OSRAM GmbH, Everlight Electronics Co. Ltd, Gavita International BV, Epistar Corp., LEDiL Oy, Koninklijke Philips NV, Samsung Electronics Co. Ltd, Hubbell Inc., Cree LED, Signify Holding, and many more.
In July 2022, GE Current Re-Brands its name and acquired Hubbell Lighting to increase the range of products and distribution capacity. The acquisition drove the Current name change. The Hubbell and Current products, including Arize horticultural lighting, will be sold under the Current brand name. The company Current is manufacturing most of the horticultural lighting fixtures in Hendersonville, N.C. The acquisition of Hubbell will help them to navigate the supply chain challenges. According to the Current, there has been an enormous increase in demand for lighting solutions globally. The company is actively running several new product introductions to keep pace with demand. In March 2022, Signify and Perfect Plants companies expand their collaboration on cannabis. Two new climate cells are equipped with dimmable Philips GreenPower LED toplighting compact grow lights and the Philips GrowWise Control System, providing a light system that can work effectively and efficiently in every growth phase. Perfect Plants is competing for a Dutch license for the legal cultivation of cannabis and recently invested in facilities for research and production. Signify supplies flexible GreenPower LED systems and specialist knowledge.
Horticulture Lighting Market Leaders
Heliospectra AB
Cree LED
OSRAM GmbH
Acuity Brands Inc.
Signify Holding
*Disclaimer: Major Players sorted in no particular order
