Mexico Horticulture Lightening Market Overview, 2029

By 2029, Mexico horticulture lightening market is projected to value at more than USD 0.26 Billion, as increase in vertical farming practices.

The horticulture lighting market in Mexico is experiencing significant growth, driven by the increasing adoption of advanced agricultural practices and the country's strategic focus on enhancing agricultural productivity. This market is being well-received by commercial growers, urban farmers, and research institutions, who recognize the advantages of optimized lighting conditions for improving plant growth and yield. Demand for horticulture lighting primarily arises from large-scale greenhouse operations, vertical farming projects in urban areas, and indoor cultivation setups, including the burgeoning cannabis industry, which is gaining momentum following regulatory changes and growing acceptance. The concept of horticulture lighting in Mexico began gaining traction in the early 21st century, propelled by advancements in LED technology, which offered energy efficiency, durability, and the ability to customize light spectra for different plant needs. However, the use of artificial lighting for plant cultivation dates back several decades, evolving from the use of traditional fluorescent and high-intensity discharge (HID) lamps to more sophisticated LED systems. The applications of horticulture lighting in Mexico are diverse and include commercial greenhouses that enable year-round production of various crops, vertical farms that maximize space utilization in densely populated urban areas, and research facilities dedicated to agricultural innovation. The controlled-environment agriculture (CEA) sector is a major driver of this market, as it allows for precise control over growing conditions, resulting in higher yields and consistent crop quality. Additionally, there is a growing interest in urban farming and local food production, driven by consumer demand for fresh, locally sourced produce and the need to reduce food transportation costs and carbon footprint. Government initiatives and support for sustainable agriculture practices, coupled with technological advancements, have further propelled the market. Mexican growers are increasingly adopting smart lighting solutions that integrate IoT and AI technologies to automate and optimize lighting conditions, enhancing energy efficiency and crop performance. Spectrum control technologies, which allow for the customization of light spectra to meet the specific requirements of different plant species and growth stages, are also gaining popularity. The horticulture lighting market in Mexico is poised for continued growth as it aligns with broader trends in sustainable agriculture, urbanization, and technological innovation. This growth is supported by increasing consumer demand for high-quality produce, government incentives, and ongoing developments in lighting technology. As a result, Mexico is emerging as an important player in the global horticulture lighting market, contributing to the advancement of more efficient and sustainable agricultural practices. According to the research report "Mexico Horticulture Lightening Market Overview, 2029," published by Bonafide Research, the Mexico Horticulture Lightening Market is projected to value at more than USD 0.26 Billion from 2024 to 2029. The key drivers of growth in the Mexico horticulture lighting market include the country's increasing adoption of advanced agricultural practices, the pursuit of food security, and the rising demand for sustainable farming solutions. Major demanders of this market comprise commercial greenhouse operators, vertical farming ventures, indoor cultivation setups, and research institutions. The demand for horticulture lighting is propelled by the need for year-round crop production, improved crop quality and yields, and the desire to mitigate environmental impacts through controlled-environment agriculture (CEA). The recent legalization of cannabis cultivation for medicinal and recreational purposes has also significantly bolstered demand for horticulture lighting solutions. The supply scenario in Mexico is characterized by a mix of domestic manufacturers and international players catering to the diverse needs of growers. Key market players include Philips Lighting (Signify), Osram Licht AG, and Heliospectra AB, among others, offering a range of lighting solutions tailored to various agricultural applications. Future consumers of horticulture lighting in Mexico are anticipated to include a broader spectrum of stakeholders, including small-scale farmers, urban agriculture initiatives, and government-led agricultural projects aimed at enhancing food security and promoting sustainable farming practices. As awareness of the benefits of horticulture lighting continues to grow and technological advancements make lighting solutions more accessible and affordable, adoption is expected to increase across different segments of the market, further driving growth in the industry.

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The horticulture lighting market is intricately segmented based on technology, lighting type, application, and end-use industry, with each segment playing a pivotal role in shaping the industry landscape. Technology-wise, the market encompasses a range of lighting technologies, among which Light-emitting Diode (LED) lighting stands out for its energy efficiency, extended lifespan, and the ability to tailor the light spectrum to promote plant growth. High-intensity Discharge (HID) lighting finds its niche in large-scale greenhouses owing to its robust light output, despite being less efficient compared to LEDs. Meanwhile, Fluorescent lighting, while less efficient than LEDs and HIDs, serves purposes such as seed starting and smaller grow operations, thanks to its lower upfront costs. Additionally, niche applications may utilize other technologies like plasma and induction lighting, catering to specific light quality requirements. Lighting type categorizes installations relative to plants, with toplighting commonly used in greenhouses for overhead illumination and interlighting enhancing light penetration within plant canopies, fostering growth in lower leaves and fruits. In terms of application, horticulture lighting is tailored for various purposes such as Fruits & Vegetables cultivation, Floriculture for flowers and ornamental plants, and Cannabis cultivation for medical, recreational, or industrial use, each requiring specific lighting conditions for optimal growth, yield, and quality. Lastly, end-use industries encompass Greenhouses, Vertical Farming facilities, and Indoor Farms, each utilizing horticulture lighting to create controlled environments conducive to optimal plant growth and yield, thereby meeting the demands of diverse agricultural practices and environments. The horticulture lighting market in Mexico presents significant opportunities for growth and innovation. One key opportunity lies in the adoption of advanced lighting technologies, particularly LED systems, which offer energy efficiency, customizable light spectra, and long-term reliability. Technological advancements such as smart lighting systems equipped with sensors and automation capabilities enable growers to monitor and adjust lighting conditions in real-time, optimizing plant growth and maximizing yields. Additionally, the integration of spectral tuning technologies allows for tailored light spectra to meet the specific needs of different crops and growth stages, enhancing overall crop quality and nutritional value. Moreover, the expansion of vertical farming systems and indoor cultivation setups offers new opportunities for year-round production in urban areas with limited arable land, driving demand for horticulture lighting solutions. In terms of innovation, there has been a focus on sustainable practices, including the integration of renewable energy sources such as solar power and the development of bio-inspired lighting solutions that mimic natural sunlight. Furthermore, advancements in lighting control systems and data analytics enable growers to optimize growing conditions based on precise environmental parameters, leading to improved crop performance and resource utilization. Overall, the horticulture lighting market in Mexico is poised for continued growth and innovation, fueled by technological advancements and the increasing demand for locally grown, fresh produce. The horticulture lighting market in Mexico faces several challenges that impact its development and growth. One of the primary challenges is the high initial cost of implementing advanced lighting systems, particularly LED technology. Although LEDs offer long-term energy savings and efficiency, the upfront investment required can be prohibitive for smaller farms and new market entrants. This financial barrier often leads growers to choose less expensive, less efficient alternatives, thereby slowing the adoption of advanced technologies that can significantly enhance productivity. Another significant challenge is the lack of awareness and technical expertise among growers. Many traditional farmers in Mexico may not be familiar with modern horticultural practices and the benefits of advanced lighting systems. The transition from conventional farming to controlled environment agriculture (CEA) and vertical farming requires substantial knowledge and training. Without adequate education and support, growers may be hesitant to adopt new technologies, thereby limiting the market's growth potential. Additionally, the integration of advanced lighting systems with existing agricultural infrastructure can be complex and costly. Many traditional farms lack the necessary infrastructure to support modern lighting technologies, necessitating significant upgrades. These upgrades can be time-consuming and expensive, creating additional barriers to the adoption of advanced lighting systems. Furthermore, the customization required to suit diverse climatic conditions and crop types across different regions in Mexico adds to the complexity. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Manmayi Raval

Manmayi Raval

Research Consultant

Aspects covered in this report • Horticulture Lighting market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Technology • Light-emitting Diode (LED) • High-intensity Discharge (HID) • Fluorescent • Others By Lighting Type • Toplighting • Interlighting

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Manmayi Raval

By Application • Fruits & Vegetables • Floriculture • Cannabis By End-use Industry • Greenhouses • Vertical Farming • Indoor Farms The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Horticulture Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Table of Contents

  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. Geography
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Mexico Macro Economic Indicators
  • 5. Market Dynamics
  • 5.1. Market Drivers & Opportunities
  • 5.2. Market Restraints & Challenges
  • 5.3. Market Trends
  • 5.3.1. XXXX
  • 5.3.2. XXXX
  • 5.3.3. XXXX
  • 5.3.4. XXXX
  • 5.3.5. XXXX
  • 5.4. Covid-19 Effect
  • 5.5. Supply chain Analysis
  • 5.6. Policy & Regulatory Framework
  • 5.7. Industry Experts Views
  • 6. Mexico Horticulture Lighting Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Size and Forecast, By Technology
  • 6.3. Market Size and Forecast, By Lighting Type
  • 6.4. Market Size and Forecast, By Application
  • 6.5. Market Size and Forecast, By End-use Industry
  • 7. Mexico Horticulture Lighting Market Segmentations
  • 7.1. Mexico Horticulture Lighting Market, By Technology
  • 7.1.1. Mexico Horticulture Lighting Market Size, By Light-emitting Diode (LED), 2018-2024
  • 7.1.2. Mexico Horticulture Lighting Market Size, By High-intensity Discharge (HID), 2018-2024
  • 7.1.3. Mexico Horticulture Lighting Market Size, By Fluorescent, 2018-2024
  • 7.1.4. Mexico Horticulture Lighting Market Size, By Others, 2018-2024
  • 7.2. Mexico Horticulture Lighting Market, By Lighting Type
  • 7.2.1. Mexico Horticulture Lighting Market Size, By Top lighting, 2018-2024
  • 7.2.2. Mexico Horticulture Lighting Market Size, By Inter lighting, 2018-2024
  • 7.3. Mexico Horticulture Lighting Market, By Application
  • 7.3.1. Mexico Horticulture Lighting Market Size, By Fruits & Vegetables, 2018-2024
  • 7.3.2. Mexico Horticulture Lighting Market Size, By Floriculture, 2018-2024
  • 7.3.3. Mexico Horticulture Lighting Market Size, By Cannabis, 2018-2024
  • 7.4. Mexico Horticulture Lighting Market, By End-use Industry
  • 7.4.1. Mexico Horticulture Lighting Market Size, By Greenhouses, 2018-2024
  • 7.4.2. Mexico Horticulture Lighting Market Size, By Vertical Farming, 2018-2024
  • 7.4.3. Mexico Horticulture Lighting Market Size, By Indoor Farms, 2018-2024
  • 8. Mexico Horticulture Lighting Market Opportunity Assessment
  • 8.1. By Technology, 2024 to 2024
  • 8.2. By Lighting Type, 2024 to 2024
  • 8.3. By Application, 2024 to 2024
  • 8.4. By End-use Industry, 2024 to 2024
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profile
  • 9.2.1. Company 1
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Insights
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

Table 1: Influencing Factors for Horticulture Lighting Market, 2023
Table 2: Mexico Horticulture Lighting Market Size and Forecast, By Technology (2018 to 2024F) (In USD Million)
Table 3: Mexico Horticulture Lighting Market Size and Forecast, By Lighting Type (2018 to 2024F) (In USD Million)
Table 4: Mexico Horticulture Lighting Market Size and Forecast, By Application (2018 to 2024F) (In USD Million)
Table 5: Mexico Horticulture Lighting Market Size and Forecast, By End-use Industry (2018 to 2024F) (In USD Million)
Table 6: Mexico Horticulture Lighting Market Size of Light-emitting Diode (LED) (2018 to 2024) in USD Million
Table 7: Mexico Horticulture Lighting Market Size of High-intensity Discharge (HID) (2018 to 2024) in USD Million
Table 8: Mexico Horticulture Lighting Market Size of Fluorescent (2018 to 2024) in USD Million
Table 9: Mexico Horticulture Lighting Market Size of Others (2018 to 2024) in USD Million
Table 10: Mexico Horticulture Lighting Market Size of Top lighting (2018 to 2024) in USD Million
Table 11: Mexico Horticulture Lighting Market Size of Inter lighting (2018 to 2024) in USD Million
Table 12: Mexico Horticulture Lighting Market Size of Fruits & Vegetables (2018 to 2024) in USD Million
Table 13: Mexico Horticulture Lighting Market Size of Floriculture (2018 to 2024) in USD Million
Table 14: Mexico Horticulture Lighting Market Size of Cannabis (2018 to 2024) in USD Million
Table 15: Mexico Horticulture Lighting Market Size of Greenhouses (2018 to 2024) in USD Million
Table 16: Mexico Horticulture Lighting Market Size of Vertical Farming (2018 to 2024) in USD Million
Table 17: Mexico Horticulture Lighting Market Size of Indoor Farms (2018 to 2024) in USD Million

Figure 1: Mexico Horticulture Lighting Market Size By Value (2018, 2023 & 2024F) (in USD Million)
Figure 2: Market Attractiveness Index, By Technology
Figure 3: Market Attractiveness Index, By Lighting Type
Figure 4: Market Attractiveness Index, By Application
Figure 5: Market Attractiveness Index, By End-use Industry
Figure 6: Porter's Five Forces of Mexico Horticulture Lighting Market
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Mexico Horticulture Lightening Market Overview, 2029

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