Rapid Expansion of U.S. Market for Horticulture Lighting
Philip James, Partner, TRANSATLANTIC Partners LLC
The overall horticulture lighting market is expected to grow from $2.43 billion in 2018 to $6.21 billion in 2023, a CAGR of 20.61%. Here are some key highlights:
The target key customers for this business are:
Conclusion. This rapid review suggests that there is plenty room for healthy growth in lighting for horticulture use in the United States. European companies with advanced technologies or an interest in technologies developed by U.S. companies may wish to consider expanding into the U.S through joint ventures or an M&A transaction with an existing LED lighting manufacturer. TRANSATLANTIC Partners LLC currently has one LED lighting manufacturer for growing cannabis and horticulture for sale and can assist in structuring cross-border deals for European and other foreign companies looking at entering the U.S. market.