Plant lighting LED output value increased by nearly 40% annually

According to a survey conducted by the Optoelectronics Research Division of TrendForce, LED plant lighting has become one of the fastest-growing lighting applications this year, mainly due to the gradual legalization of cannabis cultivation in North America, and the new crown pneumonia epidemic has caused the medical and entertainment cannabis market to soar; It is estimated that the global plant lighting LED market this year will be up to US$158 million, an annual increase of 39.7%.

TrendForce said that the impact of the epidemic on the food supply chain is gradually showing, and investment in indoor planting agriculture is heating up again. Due to equipment replacement and rising demand for new additions, orders for plant lighting LED companies have grown rapidly since the second quarter. It is estimated that this year, global plant lighting LED The market will look at 158 ??million US dollars.

TrendForce pointed out that lamp life and cost are two major problems for manufacturers. Indoor agriculture will become the main driving force of the plant lighting LED industry in the future; the current two major demands of indoor planting agriculture are the increase of plant output and the reduction of lighting equipment costs, which need to pass through the LED supply chain. Enterprises cooperate and continue to introduce new plant lighting solutions to meet market demand.

TrendForce said that the current plant lighting LED brand factories are mainly Signify, Fluence by OSRAM, GE Current, Ilumitex, Heliospectra and Sananbio, etc. The overall efficiency and reliability of the lamps are the main technical indicators considered by the lamp brand factories; For non-traditional agriculture, the maintenance cost of LED lighting equipment is the higher part of the long-term operating cost. Therefore, lamp manufacturers also need to simultaneously consider the life of the lamp.

In addition, the photoelectric conversion efficiency of LEDs, especially red LEDs, is also an important key to reducing the manufacturing cost of lamps. The current mainstream solution in the market adopts medium and high power LEDs. In the future, it is not ruled out that there are better solutions to achieve cost reduction.

Plant LED output light efficiency per watt PPE (?mol/J) and the required spectrum of plants are important indicators for increasing plant yield. The main suppliers of LED components for plants are Osram Opto Semiconductors (OSRAM), Samsung LED (Samsung LED), CREE, Seoul Semiconductor, Lumileds, Nichia, Everlight, etc. Each supplier has a different product competition. Advantages, of which Osram Opto Semiconductors and Samsung LED are the market leaders.

Looking ahead, in order to ensure food safety, the food supply chain will be shortened through the development of urban indoor planting agriculture and the investment and construction of plant factories. In addition, according to the investment situation of non-traditional agricultural projects, compared with 2019, Europe and the United States this year The amount of investment in emerging agricultural technology in Japan has increased significantly, which shows that the capital market is highly interested in it. Among them, lighting equipment is an important part of plant factories. Most manufacturers see double-digit growth targets for plant lighting LED revenue this year. It is bound to drive the second wave of growth in this market.