South Korea Horticulture Light Market Size
According to Straits Research analysis, the South Korea Horticulture Light Market was valued at USD 112.48 Million in 2024 and is projected to reach USD 299.9 Million by 2030, expanding at a CAGR of 20.1% during the forecast period. This growth is primarily driven by demands in the agriculture and chemical industries, with the use of horticulture lights proving crucial for indoor and vertical farming practices and increasing the productivity of herbicides. Key emerging trends include green production, sustainability, and the integration of advanced technologies. With South Korea's increasing focus on low-carbon production and efficient energy use, the export potential of this market is also expected to rise. South Korea is purposefully positioning itself as a key player in the global horticulture light market, leveraging its technological competence and commitment to environmental sustainability.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Horticulture Light Market Highlights
- By segment, Toplighting emerged as the largest Lighting Type in terms of market size in 2024.
- Interlighting is anticipated to remain the most attractive Lighting Type segment, recording the fastest growth during the forecast period.
- In 2024, South Korea represented 0.84% of the overall global horticulture light market size.
- United States is projected to lead the global horticulture light market size by 2030.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2030.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 58503 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 112.48 Million |
| Market Size In 2030 |
USD 299.9 Million |
| Largest segment |
Toplighting |
| Fastest segment |
Interlighting |
| Units |
Revenue in USD Million |
| CAGR |
20.1% (2025-2030) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
South Korea Horticulture Light Market Share By Lighting Type
Segmentation Covered
| Segments |
Sub Segments |
| Lighting Type |
- Toplighting
- Interlighting
|
| Lighting Technology |
- Fluorescent Lamp
- HID Light
- LED Light
- Other
|
| Application |
- Indoor & Vertical Farming
- City Farming
- Greenhouses
- Others
|
South Korea Horticulture Light Market By Lighting Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Horticulture Light Market By Lighting Technology 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Horticulture Light Market By Application 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.