On September 10, 2013, the National Semiconductor Lighting Engineering R&D and Industry Alliance Standardization Committee (CSAS) released the CSA021-2013 "performance requirements for LED panel lights for plant growth" alliance standard. This standard specifies the terms and definitions, classification and naming, technical requirements, test methods, inspection rules, signs, packaging, transportation, and storage of LED panel lights for plant growth.
At present, there are many forms of LED lighting products for plant growth, such as flat panel lights, double-ended lights, flexible light strips, etc., which will gradually change with the development of technology. CSAS will gradually carry out the standardization of LED lighting for plant growth according to technological development, promote scientific and technological progress, and support industrial development.
The shelves of large plant factories are equipped with LED lights for plants, which are different from the general LED spectrum. In order to cooperate with photosynthesis, the spectrum of plant lights is biased toward blue and red light. Mobile APP remote control, the operation is very convenient. The multi-layer frame plant factory is equipped with a water circulation system. It has been tested to grow more than 100 kinds of plants, which is suitable for those who need mass production. In addition to household use, plant factories generally have two ways to make profits. One is the mass production of leafy vegetables, such as cabbage, green cabbage, lettuce, and other cruciferous plants; the other is the high economic value crops such as ginseng and Antrodia camphorata with high planting difficulty, as long as specific LED spectrum and control systems are used, seasonal crops with harsh growing conditions can be cultivated.
The growth and development of different plants have different light requirements for each wavelength in the spectrum, and the requirements for the light environment in different growth stages are also different. It is necessary to establish a "light formula" suitable for various plants. Therefore, the industry barrier is that LED plant lighting requires multi-disciplinary cross-coordination such as biology, LED lighting (semiconductor), and intelligent control technology (intelligent system) to develop and produce LED plant light sources or solutions that meet the characteristics of high-quality, high-yield plant growth and development.
In 2020, the global LED grow light market revenue reached 1059.86 million US dollars, and it is expected to reach 3294.39 million US dollars in 2027, with a compound annual growth rate (CAGR) of 17.97% (2021-2027). In the next few years, the industry will have great uncertainty. The forecast data in this article for 2021-2027 is based on the historical development of the past few years, the opinions of industry experts, the opinions of analysts in this article, and the forecasts are given comprehensively.
Based on the type, the most sold type of LED plant lights is the partial spectrum lamp, which accounts for about 75% of the global market share in 2020. LED grow lights are the most widely used in the commercial greenhouse field, accounting for about 65% of the market share in 2020.
According to QYR's statistics and forecasts, the global LED plant lamp market sales will reach US$1.1 billion in 2021, and it is expected to reach US$3.3 billion in 2028, with a compound annual growth rate (CAGR) of 18.0% (2022-2028).
This report studies the capacity, production, sales, sales, price and future trends of LED Grow Lights in the global and Chinese market. Focus on analyzing the product characteristics, product specifications, prices, sales volume, sales revenue and market shares of major manufacturers in the global and Chinese markets. Historical data is from 2017 to 2021, and forecast data is from 2022 to 2028.
