LED plant lighting market continues to receive attention

In a previous interview, Agrify CEO Raymond Nobu Chang said that more and more growers are concerned about sustainability, quality, and daily cost control, and are interested in the solutions provided by the company.

LED plant lighting market continues to receive attention

Due to the legalization of cannabis cultivation and the impact of the new crown epidemic on the food supply chain, plant lighting LED has become one of the fastest-growing lighting applications.

According to TrendForce's Optoelectronics Research Office, investment in indoor planting agriculture is heating up again, and the demand for equipment replacement and new additions is rising. Since the second quarter of last year, the order of plant lighting LED companies has grown rapidly. It is estimated that the global plant lighting LED market will grow as high as 39.7 in 2020. %.

At present, LED plant lighting has been widely popularized in developed countries and regions such as the United States and Japan. According to statistics, it is estimated that by 2021, the global LED plant lighting system market will exceed US$2 billion; and China has become the fastest-growing country for plant factories in the world. By the end of 2020, there are more than 220 plant factories of various sizes.

According to National Star Optoelectronics, LED plant lighting has many advantages such as higher electro-optical conversion efficiency, adjustable spectrum, and high photosynthetic efficiency. Compared with traditional plant lighting, LED plant lighting also has energy saving, environmental protection, long life, and monochromatic light, cold light source, and other advantages. At present, National Star Optoelectronics has launched a series of high-efficiency plant lighting LED products to meet the different spectral needs of plants and can be customized according to customer spectral needs.

At present, A-share LED companies generally have related businesses involving LED plant lighting. According to the analysis of Tianfeng Securities, among the enterprises that lay out the field of LED plant lighting, from upstream chips to packaging devices, lamps and lanterns to systems have been fully deployed.

On the upstream chip side, Sanan Optoelectronics has a complete layout. Sanan Optoelectronics and the Chinese Academy of Sciences have invested 7 billion in installments to build the first domestic plant factory by cross-border "photobio". Relying on the core "light formula" and self-developed cultivation equipment, it has achieved Agricultural technology innovation, LED technology landing application. The reporter also visited the San'an Optoelectronic Plant Factory. The main cultivated crops are broad-leaved vegetables with high economic value or low pollination difficulty, and they are supplied to high-end hotel restaurants and consumption in large cities.

In addition, the midstream package National Star Optoelectronics has formed three major business segments: ultraviolet, infrared, and plant lighting. Hongli Zhihui has stepped up technical research. Downstream Qinsun Optoelectronics and Hongli Optoelectronics have launched LED plant lighting products.

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