Mexico Horticulture Light Market Size & Outlook, 2025-2030
Mexico Horticulture Light Market Size
According to Straits Research analysis, the Mexico Horticulture Light Market was valued at USD 272.11 Million in 2024 and is projected to reach USD 874.36 Million by 2030, expanding at a CAGR of 21.4% during the forecast period. This growth is tied largely to the increasing demands in agriculture, specifically in indoor farming and vertical farming systems. Horticulture lights optimize plant growth, which serves as a significant driver in this market's development. Mexican horticulture light suppliers are tapping into emerging trends like green production, sustainability themes, and technologies such as LED lights, which use lesser energy and reduce carbon emissions. Owing to its strategic location between major trading partners, the market has significant export potential. Mexico is positioning itself as a significant player in the horticulture light market, leveraging its domestic agricultural industry and robust technological ecosystem.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Horticulture Light Market Highlights
- In 2024, Toplighting accounted for the highest share of the Lighting Type market size.
- During the forecast period, Interlighting is set to register the highest growth, making it the most lucrative Lighting Type segment.
- Mexico accounted for 1.65% of the global horticulture light market size in 2024.
- By 2030, United States is expected to remain the top global market in terms of size.
- Within Latin America, Rest of Latin America is forecasted to dominate the regional horticulture light market size by 2030.
- Mexico will be the fastest-growing market in Latin America, projected to achieve USD 4707 Million by 2030.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2030 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2030 |
| Market Size In 2024 | USD 221.64 Million |
| Market Size In 2030 | USD 627.02 Million |
| Largest segment | Toplighting |
| Fastest segment | Interlighting |
| Units | Revenue in USD Million |
| CAGR | 21.4% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Horticulture Light Market Share By Lighting Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Lighting Type |
|
| Lighting Technology |
|
| Application |
|
Mexico Horticulture Light Market By Lighting Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Horticulture Light Market By Lighting Technology 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Horticulture Light Market By Application 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
