ENELTEC is optimistic about the LED plant lighting market

Don't underestimate the small plant growth lamp, its market is expected to exceed 1.4 billion US dollars in 2020, and the world's major well-known LED companies have already competed for the first opportunity and set foot in this field. Shanghai Sansi also officially launched its first intelligent plant growth light today.

In the past, the light sources used in traditional plant installation and cultivation were generally fluorescent lamps, metal halide lamps, high-pressure sodium lamps and incandescent lamps, but the emergence of LEDs has changed the application status of the plant lighting market. There are many types of LED wavelengths, and the spectrum can be adjusted to a more targeted nutrient spectrum for plants, which is suitable for the different light needs of different plant growth. And with its many advantages such as high luminous efficiency, low heat generation, small size, long life, etc., it has obvious advantages in the field of plant lighting, and plant lighting will gradually be based on LED lighting.

Since 2013, the global LED plant lighting market has entered a period of rapid development. According to LEDinside statistics, the global LED plant lighting market scale was US$100 million in 2014, and the market size was US$575 million in 2016. It is estimated that it will grow to US$1.424 billion in 2020, with an average annual compound growth rate of more than 30%. According to statistics, the global plant factory plant lamp market scale is developing rapidly, and it is predicted that the scale will reach 19.12 million square meters by 2020.

Optimistic about the broad market prospects, many global LED companies such as Signify and Osram have already actively invested in the plant lighting market: Osram acquired part of the Canadian startup Motorleaf; Signify and Agro-, one of the Russian fresh vegetable companies Inwest cooperation; Current, a subsidiary of GE, also cooperates with British food company JFC and American horticultural material manufacturer Hort Americas.