New applications will drive changes in the horticultural lighting industry

Currently, horticultural lighting market growth impetus mainly comes from greenhouse applications. In greenhouses, artificial lighting is used to compensate for changes in natural light to increase crop yields. For these applications, traditional light sources such as fluorescent lamps and high-pressure sodium lamps (HPS) are by far the most popular solutions. However, LED technology in recent years that able to gradually enter the horticultural lighting market, to seize market share. The main advantage of LED technology is that it can save a lot of energy costs compared to the lower power consumption of the prior art. What's more, LED-based lighting systems generate less heat and crop-intensive lighting, installing LED lights near understory crops that are poorly lit by surface crops, improving output consistency and increasing crop yields.

Greenhouse applications are still only a small part of the LED horticultural lighting market, with new applications being pushed by urban farmers to boost the hurricane lighting market's rapid growth in the medium and long term. Today, most of the cultivated land is far away from the most populous metropolis. As consumers become aware of where their food is grown, farmers find it increasingly difficult to meet the growth of the city. Crops, fruit and vegetables from urban farms can be used in a closed environment without the need for daylight (using artificial lighting), in multi-layer farming (maximizing yield), or as an effective solution to these needs and challenges.

In the short term, most of these new indoor horticultural applications (and their related industries) start with those high value-added crops (such as those used in medicine). However, urban farms will not be limited to these high-end products. In fact, many urban / vertical farms are now available in all regions of the world and common vegetables such as radishes, lettuces and basils are being grown.