Background: 2021-2027 Global and China LED Grow Lights market status and future development trends

Under the background of the epidemic, concerns about supply chain transportation and food safety have emerged, and the contradiction between long-term global population growth and limited arable land has been superimposed, and vertical agriculture has become an inevitable trend. With the continuous advancement of the legalization of industrial hemp globally and in North America, the demand for plant lighting is driven to explode.

According to Yole data, the global plant lighting system-level market was only about 3.8 billion US dollars in 2017; however, 2022 and 2027 will rapidly increase to 8.6 billion US dollars and 17 billion US dollars respectively; 2017-2027 CAGR 16%. Among them, the LED device-level market will be expanded from 100 million U.S. dollars in 2017 to 400 million U.S. dollars and 700 million U.S. dollars in 2022 and 2027 respectively; 2017-2027 CAGR 21%. my country's plant lighting market is still in the early stage of growth and is expected to open a fast-growing lane.

According to GGII forecasts, the output value of plant lighting fixtures in 2020 is about 2.8 billion yuan, a year-on-year growth rate of 33%; the output value of plant lighting systems is about 9.5 billion yuan, a year-on-year growth rate of 25%. LED lights have obvious advantages in the field of plant lighting, and are the most widely used in the field of commercial greenhouses, occupying approximately 65% of the 2020 market share. The scale of LED grow lights will account for 61% of the plant lights market. In 2020, the global LED grow lights market has reached 6.6 billion yuan, and is expected to reach 14.6 billion yuan in 2026, with a compound annual growth rate (CAGR) of 12.0%.

How agriculture benefits from LED grow lights?

1. It can increase crop yield. The energy required for the growth of plants comes from the photosynthesis of the plants, and photosynthesis needs sunlight, and the LED grow lamp can supplement the light to the plants when the light is insufficient, and promote the accumulation of plant dry matter, thus achieving the purpose of increasing the yield.

2. LED grow lighting can shorten the growth cycle of plants, promote the growth of plants, can make crops go on the market 7-15 days in advance, and greatly increase the economic income of vegetable farmers.

3. In recent years, due to the frequent rainy weather and haze in winter, the crops in the greenhouse are continuously lack of light, long-term low-light plants are not healthy, the fruit development is slow, the sugar content is reduced, the yield is also reduced, and pests and diseases The spread of other issues. And LED grow light can extend the light time of crops and reduce these problems.

4. The LED grow light consumes very little power, so vegetable farmers do not have to worry about the cost of the grow light.

5. The LED grow light has a very long life.

What is the most important characteristics of the design of LED grow lights? PPFD value.

Usually, the planting process needs to propose the daily radiation based on a certain light quality, or the PPFD value of the planting surface (some planting processes require YPFD value) and photoperiod. The daily radiation determines the PPFD value and photoperiod, and the designer is based on the PPFD value Calculate the PPF value (or YPF value) of the LED light source, and then design the spectrum.

It should be noted here that under the same light source PPF value, different light distribution design, heat dissipation design, and drive design lead to significant differences in PPFD value. The manufacturing process has a greater impact on the power utilization efficiency of plant lights. This effect can be used The PPF value and PPFD value per watt of electric power are measured. The higher the value, the better.

For LED light source: PPF/w, for planting surface: PPFD/w, comparing these two indicators of plant lights with the same spectral form, you can evaluate the manufacturer's manufacturing process level.

What is the next generation LED grow lights for agriculture? Xindeco Full Spectrum LED Grow Lights for all phases can be your best partner.

Family range LED grow lights 320W - 1000W, foldable design, plug type, high efficiency 2.1~2.3μmol/s/W, smart control system available.

Xindeco Lighting team are always devoting ourselves to the development of new technology to create energy saving and environmental friendly LED Lighting products, any enquiry of LED Street Lights for public lighting applications, LED high bay lights, LED floodlights for industrial lighting, LED grow lights for vertical farm applications are all welcome here.