| Product Code: ETC5597310 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to see a diverse range of horticulture lighting imports from top exporting countries including Greece, China, South Korea, Germany, and the Netherlands. Despite the variety of sources, the market maintained low concentration with a Herfindahl-Hirschman Index (HHI) reflecting this trend. The industry showed steady growth with a compound annual growth rate (CAGR) of 7.03% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -11.28%, indicating potential shifts in market dynamics.

Horticulture lighting systems are used to enhance plant growth in controlled environments. In Cyprus, this market is growing due to increasing investments in greenhouse agriculture and demand for year-round crop production.
The growing trend of indoor farming and controlled-environment agriculture in Cyprus is driving the demand for horticulture lighting solutions. Energy-efficient LED lighting systems that optimize plant growth and yield are gaining traction, particularly as the country seeks to improve agricultural productivity and sustainability.
The horticulture lighting market faces challenges related to technological advancements and the need for continuous innovation. As growers seek more energy-efficient and effective lighting solutions, manufacturers must invest in research and development. Additionally, competition from traditional lighting options can pressure pricing and market share, requiring companies to differentiate their products.
The horticulture lighting market in Cyprus is expanding, driven by the growth of indoor gardening and commercial agriculture. Government policies supporting sustainable agriculture practices and energy efficiency initiatives promote the adoption of advanced lighting technologies. Grants and incentives for farmers investing in horticulture lighting systems help enhance productivity while adhering to environmental standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Horticulture Lighting Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Horticulture Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Horticulture Lighting Market - Industry Life Cycle |
3.4 Cyprus Horticulture Lighting Market - Porter's Five Forces |
3.5 Cyprus Horticulture Lighting Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Cyprus Horticulture Lighting Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 Cyprus Horticulture Lighting Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.8 Cyprus Horticulture Lighting Market Revenues & Volume Share, By Lighting Type, 2021 & 2031F |
3.9 Cyprus Horticulture Lighting Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
4 Cyprus Horticulture Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Horticulture Lighting Market Trends |
6 Cyprus Horticulture Lighting Market Segmentations |
6.1 Cyprus Horticulture Lighting Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Horticulture Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.1.3 Cyprus Horticulture Lighting Market Revenues & Volume, By HID, 2021-2031F |
6.1.4 Cyprus Horticulture Lighting Market Revenues & Volume, By LED, 2021-2031F |
6.1.5 Cyprus Horticulture Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Horticulture Lighting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Horticulture Lighting Market Revenues & Volume, By Greenhouses, 2021-2031F |
6.2.3 Cyprus Horticulture Lighting Market Revenues & Volume, By Vertical Farms, 2021-2031F |
6.2.4 Cyprus Horticulture Lighting Market Revenues & Volume, By Indoor Farms, 2021-2031F |
6.2.5 Cyprus Horticulture Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cyprus Horticulture Lighting Market, By Offering |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Horticulture Lighting Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 Cyprus Horticulture Lighting Market Revenues & Volume, By Software and Services, 2021-2031F |
6.4 Cyprus Horticulture Lighting Market, By Lighting Type |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Horticulture Lighting Market Revenues & Volume, By Toplighting, 2021-2031F |
6.4.3 Cyprus Horticulture Lighting Market Revenues & Volume, By Interlighting, 2021-2031F |
6.4.4 Cyprus Horticulture Lighting Market Revenues & Volume, By Cultivation, 2021-2031F | 6.4.5 Cyprus Horticulture Lighting Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.4.6 Cyprus Horticulture Lighting Market Revenues & Volume, By Floriculture, 2021-2031F |
6.4.7 Cyprus Horticulture Lighting Market Revenues & Volume, By Cannabis, 2021-2031F |
6.5 Cyprus Horticulture Lighting Market, By Installation Type |
6.5.1 Overview and Analysis |
6.5.2 Cyprus Horticulture Lighting Market Revenues & Volume, By New installations, 2021-2031F |
6.5.3 Cyprus Horticulture Lighting Market Revenues & Volume, By Retrofit Installations, 2021-2031F |
7 Cyprus Horticulture Lighting Market Import-Export Trade Statistics |
7.1 Cyprus Horticulture Lighting Market Export to Major Countries |
7.2 Cyprus Horticulture Lighting Market Imports from Major Countries |
8 Cyprus Horticulture Lighting Market Key Performance Indicators |
9 Cyprus Horticulture Lighting Market - Opportunity Assessment |
9.1 Cyprus Horticulture Lighting Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Cyprus Horticulture Lighting Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 Cyprus Horticulture Lighting Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.4 Cyprus Horticulture Lighting Market Opportunity Assessment, By Lighting Type, 2021 & 2031F |
9.5 Cyprus Horticulture Lighting Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 Cyprus Horticulture Lighting Market - Competitive Landscape |
10.1 Cyprus Horticulture Lighting Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Horticulture Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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