In the long term, the modernization of agricultural facilities, the expansion of application fields and the upgrading of LED technology will inject strong impetus into the development of the LED plant light market.

LED plant light is an artificial light source that uses LED (light-emitting diode) as the illuminant to meet the lighting conditions required for plant photosynthesis. LED plant lights belong to the third generation of plant supplementary light fixtures, and their light sources are mainly composed of red and blue light sources. LED plant lights have the advantages of shortening the plant growth cycle, long life, and high light efficiency. They are widely used in plant tissue culture, plant factories, algae culture, flower planting, vertical farms, commercial greenhouses, cannabis planting and other fields. In recent years, with the improvement of lighting technology, the application field of LED plant lights has gradually expanded, and the market scale has continued to expand.

According to the “Comprehensive Market Research and Investment Analysis Report on China’s LED Plant Lighting Industry 2022-2026″ released by the Xinsijie Industry Research Center, LED plant lights are an indispensable product in the agricultural field in modernization. With the acceleration of agricultural modernization, the market size of LED plant lights is gradually expanding, reaching a market revenue of 1.06 billion US dollars in 2020, and it is expected to grow to 3.00 billion US dollars in 2026. Overall, the LED plant light industry has broad prospects for development.

In the past two years, the global LED grow light market has been booming, and the production and sales of the entire LED grow light industry chain from chips, packaging, control systems, modules to lamps and power supplies are booming. Attracted by the market prospect, more and more companies are deploying in this market. In the overseas market, LED grow light related companies include Osram, Philips, Japan Showa, Japan Panasonic, Mitsubishi Chemical, Inventronics, etc.

my country’s LED plant lights related companies include Zhongke San’an, San’an Optoelectronics, Epistar, Yiguang Electronics, Huacan Optoelectronics, etc. In the domestic market, the LED plant light industry has formed certain industrial clusters in the Pearl River Delta, Yangtze River Delta and other regions. Among them, the number of LED plant light enterprises in the Pearl River Delta accounts for the highest proportion, accounting for about 60% of the country. At this stage, my country’s plant lighting market is in a stage of rapid development. With the increase in the number of layout enterprises, the LED plant lighting market has great potential for development.

At present, modern facility agriculture such as plant factories and vertical farms in the world is at a climax of construction, and the number of plant factories in China exceeds 200. In terms of crops, the demand for LED grow lights is currently high for hemp cultivation in the United States, but with the expansion of application fields, the demand for LED grow lights for ornamental crops such as vegetables, fruits, flowers, etc. is rising. In the long run, the modernization of agricultural facilities, the expansion of application fields and the upgrading of LED technology will inject strong impetus into the development of the LED plant light market.

Industry analysts from Xinsijie said that at this stage, the global LED plant light market is booming, and the number of enterprises in the market is increasing. my country is a large agricultural country in the world. With the modernization and intelligent development of agriculture and the accelerated construction of plant factories, the plant lighting market has entered a stage of rapid development. LED plant lights are one of the subdivisions of plant lighting, and the future market development prospects are good.