According To The insight Partners our latest market study on “Horticulture Lighting Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Technology (Fluorescent Lamps, High Intensity Discharge Lights, and LED Lights), Application (Greenhouses, Vertical Farming, and Indoor Farming), Cultivation (Fruits and Vegetables and Floriculture), and Geography,” the market was valued at US$ 2,730.8 million in 2019 and is projected to reach at US$11,383.5 million by 2027; it is expected to grow at a CAGR of 20.2% from 2019 to 2027.
