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3. Agricultural Lighting Companies - Signify Holding (Netherlands) and ams-OSRAM GmbH (Germany) are the Key Players

The global agricultural lighting market is projected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The key factors fueling the growth of this market include rising demand and awareness for fresh farm produce and irregular weather conditions. Strong government support and high demand for fresh produce in quick time owing to population growth are some of the other factors propelling the market growth.

Agricultural Lighting companies include:

• Signify Holding (Netherlands),
• ams-OSRAM GmbH (Germany),
• Gavita International B.V. (Netherlands),
• Valoya (Finland),
• California LightWorks (US),
• DeLaval (Sweden),
• CBM Lighting (Canada),
• Heliospectra AB (Sweden),
• Hortilux Schréder (Netherlands).

These players focus towards adoption of organic as well as inorganic strategies for growth in order to set their foot in the competitive market, including product launches and developments, partnerships, contracts, expansions, and acquisitions.

To know about the assumptions considered for the study download the pdf brochure

Signify Holding (Netherlands):

Signify Holding (Netherlands) Signify, a reputed player in lighting’ it offers a diverse product portfolio for agricultural lighting applications. It integrates lighting technologies with inputs from plant psychologists. Its products cater to all price ranges, depending upon the suitability of the crops to be grown. The company has strong distribution and sales networks owing to its robust global presence in 70+ countries. The acquisition of Cooper Lighting Solutions and Klite has strengthened the company's position in North America's LED lamps and luminaires supply chain. Additionally, the acquisition of Fluence has strengthened its position in the agriculture lighting landscape. Signify's recent collaborations and partnerships with local vegetable growers and agriculture-based research institutes is expected to enhance the company's position in the agriculture lighting market. For instance, its collaboration with CannNext (Netherlands) would facilitate its foray into the medicinal crops market in the Netherlands. Signify also has partnered with Hortipar. Hortipar will now add Philips GreenPower LED grow lights to its global portfolio. Signify offers agriculture lighting solutions in all the major markets globally with the help of its worldwide distribution and servicing capabilities.

DeLaval (Sweden):

DeLaval focuses on sustainable dairy farming practices to reduce its environmental footprint while improving milk production and animal welfare. To achieve this, the company is developing smart technologies and services. Additionally, the company works closely with farmers and scientists to innovate products. This has helped farmers learn about the lights used to increase cow milk production. DeLaval offers a robust supply chain network for the delivery of products, making its products easily accessible to clients and customers across the globe. It has extensive research and development capabilities that can boost the company's growth. The company has the scope of expansion in the regions such as Asia Pacific, where the usage of LED lighting is increasing.

Lely (Netherlands):

Lely (Netherlands) The company invests significantly in R&D activities to develop new products and enhance their existing products for higher productivity. The company spends ~6% of its revenue on R&D activities related to product development. The company offers a wide range of milking, feeding, housing, caring, and animal health solutions. Lely provides various services and assistance to farmers in addition to their product lines, such as training, maintenance, and guidance on herd management and farm efficiency. Lely also developed a strong network of channel partners and sales support in more than 45 countries globally. Lely aims to lessen the environmental effects of farming techniques while securing a more prosperous and sustainable future for farmers and their communities.

SUNBIRD (South Africa):

SUNBIRD (South Africa) The company focuses specifically on lighting solutions. Hence, its research and development are entirely focused on lighting, leading to its strong position in the market. Its lighting solutions are applicable to aviaries, broilers, breeders, layers, hatcheries, abattoirs, and offices. It has a presence in over 20 countries, including Portugal, South Africa, Brazil, Mozambique, Spain, Ireland, Namibia, Zambia, Jordan, India, Slovenia, and the UK. This leads to a more robust global footprint in the market. The company has focused on poultry lighting, making it a better market competitor. The footprint in various countries for a specific lighting market makes the company's strategies to stand out better than the other players.

CBM Lighting (Canada):

CBM Lighting (Canada) The company focuses on almost all aspects of agriculture lighting, making it strong enough to win in the competitive scenario in the market. The company designs and develops different LED lights and fixtures for different industries, such as poultry, greenhouse, indoor farming, etc., in accordance with their comfort and requirement. For instance, the company has selected the color of LED lights for poultry lighting as red and white – red has a calming effect on birds, and white instigates active behaviour. It has developed various technologies. The 3000K technology provides a soft light that has a calming effect on animals, 6500K technology provides a cool light that stimulates active behaviour in animals and promotes good feeding. The company's lighting solutions and product portfolio is extensive. It offers solutions for poultry, farm, indoor farming, greenhouse lighting, and horticulture lighting. The company provides different products, such as waterproof LED, hanging tubes, LED fixtures, and high bay waterproof fixtures, strengthenings the company's position in the market.

Related Reports:

Agricultural Lighting Market by Light Source (Fluorescent, HID, LED), Application (Horticulture, Livestock, Aquaculture), Offering (Hardware, Software, Services), Installation Type, Wattage Type, Sales Channel and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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