LED plant growth lamp global market development status overview

With the impact of global climate change and urbanization on traditional agriculture, the demand for plant lighting and energy consumption continue to expand. At the same time, with the maturity and popularity of LED lighting technology, LED lighting has also begun to be applied in the agricultural field, becoming a benefit of the LED industry.

At present, there are four major types of plant lighting sources in the market: LED lights, fluorescent lights, high pressure sodium lamps, incandescent lamps and halogen lamps. Compared with traditional plant lighting fixtures, LED plant lighting fixtures have the advantages of free combination of spectrum, high color purity and rich colors, in addition to energy saving and environmental protection.

With the continuous improvement of LED plant lighting technology, its application fields will become more and more extensive, including skyscraper tops, vertical farms, greenhouse canopies, homes, shopping malls, and even abandoned containers, all of which can develop plant lighting. The OFweek Industry Research Institute predicts that by 2021, the global LED plant lighting system market will exceed $2 billion, including $490 million in LED lighting.

LED plant lighting market is hot, Zhongke Sanan, Mitsubishi Chemical, BOE, Panasonic and other domestic and foreign giants have also been deployed to seize market opportunities. As an international lighting giant, OSRAM has expanded its market offering by expanding its product portfolio by acquiring industry giant Fluence as a leader in the field of plant growth lamps.