Taiwan Horticulture Lighting Market, By Cultivation, 2018–2026 (USD Million)

Year FRUITS & VEGETABLES FLORICULTURE
2018 $ 54.9 $ 42.0
2019 $ 66.5 $ 51.4
2020 $ 73.8 $ 57.5
2021 $ 82.7 $ 65.0
2022 $ 95.1 $ 75.4
2023 $ 112.2 $ 89.8
2024 $ 135.7 $ 109.6
2025 $ 168.2 $ 137.1
2026 $ 216.7 $ 178.3
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Taiwan Horticulture Lighting Market, By Cultivation, 2018–2026 (USD Million)

Synopsis
The above chart is Taiwan Horticulture Lighting Market, By Cultivation, 2018–2026 (USD Million)

Market Dynamics

the horticulture sector in taiwan has been growing steadily over the years, with a focus on sustainable and efficient cultivation methods. as a result, the demand for horticulture lighting solutions has been on the rise, providing a significant boost to the market. with a wide variety of crops being cultivated in taiwan, there is a need for tailor-made lighting systems that can cater to the specific requirements of each crop. this has led to the development of a diverse and dynamic horticulture lighting market in taiwan. taiwan is well-known for its advanced agriculture techniques and has been a leader in using technology to increase crop yield and quality. in recent years, there has been a shift towards indoor and greenhouse cultivation methods, in order to protect crops from extreme weather conditions and increase year-round production. this has led to a higher demand for horticulture lighting systems that can provide the necessary light spectrum and intensity for optimal plant growth. in terms of cultivation, the market can be segmented into traditional and vertical farming. traditional farming methods in taiwan have been around for centuries and rely heavily on natural light. however, due to the rise in urbanization and limited land availability, there has been a shift towards vertical farming, where crops are grown in stacked layers in a controlled environment. this form of farming requires specialized horticulture lighting systems to provide sufficient light to all layers of crops. this is expected to drive the demand for horticulture lighting systems in taiwan in the coming years. another factor contributing to the growth of the horticulture lighting market in taiwan is the legalization of cannabis for medical use. this has led to the establishment of cannabis cultivation facilities, which require specific lighting systems to attain the desired levels of growth and cannabinoid content. as taiwan is considered to have ideal climatic and environmental conditions for cannabis cultivation, this market is expected to witness significant growth in the near future. in conclusion, the horticulture lighting market in taiwan is poised for significant growth, driven by the country's focus on sustainable and efficient cultivation methods, the rise of indoor and vertical farming, and the legalization of cannabis for medical use. with continuous advancements in technology and a growing demand for high-quality crops, the market is expected to thrive in the coming years.

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