Sep. 13, 2021
According to TrendForce's latest "2021 Global LED Lighting Market Report-Lighting-Level Packaging and Lighting Product Trends (2H21)" report, the overall recovery of the LED general lighting application market and the continuous increase in niche market demand have made the global LED general lighting, The market scale of LED plant lighting and LED smart lighting will usher in varying degrees of growth in 2021-2022.
Plant lighting refers to red or hybrid bulbs that promote bud formation in flowering plants and can shorten the plant. White light or mixed/balanced bulbs are suitable for most plants at any stage of growth.
Significant recovery in general lighting market demand
The main growth momentum of the general lighting market comes from four factors:
1. With the gradual popularization of vaccines in various countries, the market economy has gradually recovered, especially in commercial, outdoor, and engineering lighting.
2. The price of LED lighting products rises: With the pressure of rising raw material costs, lighting brand manufacturers continue to increase product prices by 3-15%.
3. With the support of energy-saving and emission-reduction policies in various countries around the world, in order to achieve the goal of "carbon neutrality", LED energy-saving renovation projects have been gradually launched, and the penetration rate of LED lighting has continued to increase. According to TrendForce's analysis, the LED lighting market penetration rate will increase to 57% in 2021.
4. Under the epidemic situation, LED Street light manufacturers are accelerating their deployment towards digital intelligent dimming and control of lamps. The lighting industry in the future will also pay more attention to the systemization of connected lighting products and the added value brought by human health lighting.
The market outlook for LED Grow Light is quite optimistic. According to the latest research data from TrendForce, the global LED plant grow light market will grow 49% annually in 2020 to reach 1.3 billion U.S. dollars. It is estimated to be 4.7 billion U.S. dollars in 2025 and from 2020 to 2025. The compound growth rate is 30%. Mainly divided into two major growth drivers:
1. Driven by the policy, LED plant lighting in North America has been expanded to enter the recreational cannabis and medical cannabis cultivation markets.
2. Frequent extreme weather changes and epidemic factors have increasingly highlighted the importance of consumers for food safety and localized crop production and supply, thus driving agricultural growers' market demand for leafy vegetables, strawberries, tomatoes, and other crops.
Globally, the Americas and EMEA are the areas with the largest demand for plant lighting, and they are expected to account for 81% in 2021.
Americas: During the epidemic, North America has accelerated the process of lifting the ban on cannabis, which has played a significant role in promoting the demand for best led grow lights. The Americas will continue to maintain a rapid growth trend in the next few years.
EMEA: The Netherlands, the United Kingdom, and other European countries actively advocate the establishment of plant factories and propose relevant subsidy policies to boost the willingness of agricultural growers. They have built plant factories in Europe to increase the demand for plant lighting. In addition, the Middle East region represented by Israel and Turkey, and the African region represented by South Africa, have been increasing their own agricultural output due to intensified climate change factors, and are gradually increasing investment in facility agriculture.
APAC: In response to COVID-19 and the needs of the localized agricultural market, Japanese plant factories have received renewed attention, developing high-value crops such as leafy vegetables, strawberries, and grapes. Plant lighting in China and South Korea continues to shift to the cultivation of high-economic crops such as Chinese medicinal materials and ginseng to improve the economic benefits of their products.
In order to alleviate economic difficulties, governments of various countries have increased infrastructure construction, including North America and China, where roads are a major item of social infrastructure investment expenditure. In addition, as the penetration rate of smart street lights increases and prices rise, TrendForce forecasts It is estimated that the scale of the smart street lamp market will grow by 18% annually in 2021, and the compound growth rate (CAGR) will be 14.7% in 2020-2025, which is higher than the overall general lighting average.
Finally, from the perspective of lighting manufacturers' revenue, although the current COVID-19 still brings many uncertainties to the global economic development, it is still in danger. Many lighting manufacturers are gradually adopting "lighting products" + "digital system" professional lighting The solution provides a healthier, smarter, and convenient lighting experience, and continues to bring stable growth momentum to the revenue growth of lighting manufacturers. It is expected that the revenue of lighting manufacturers will show a 5-10% annual growth in 2021.
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1. What are LED Grow Lights?
LED grow lights are full-spectrum LEDs designed to enhance photosynthesis and allow plants to grow in the absence of sunshine.
LED grow lights are perfect for all types of indoor grows as well as additional illumination in outdoor and greenhouse environments. They do not require gas to work within a bulb, but are limited to a small diode of light, as opposed to ordinary lights. LED lights live longer than normal incandescent bulbs or high-intensity discharge (HID) bulbs like metal halide and high-pressure sodium (HPS) because they don't have a filament to burn out. This also saves money during the life of an LED lamp since it requires less maintenance and repair, such as replacing bulbs, than other lighting technologies. Whereas an HPS or metal halide bulb may last up to 20,000 hours, most current LED chips now have a lifespan of 100,000 hours, which is five times longer than earlier technologies. LEDs also maintain their brilliance for a significantly longer period of time. By the halfway point of its life, an HID lamp can have lost half of its brilliance. Long after the HID lamp has burned out, a DLC Premium rated LED light will retain 90% or more of its brightness output for 36,000 hours. The better efficiency ratings of LED Grow Lights compared to HID Grow Lights is another advantage. LED lights produce far less heat than incandescent bulbs, lowering total electricity expenses while yet providing a powerful lighting alternative. Another significant benefit of LEDs in horticulture lighting is the cost savings resulting from the elimination of costly cooling equipment and the electricity used to protect grow areas from overheating and harming crops. LED technology can accurately mimic sunlight, allowing for the indoor cultivation of a wide range of plants. Current LED horticulture chips are constructed with full-spectrum lighting, encompassing a wide range of light wavelengths, making them excellent for growing at every stage in a plant's life. It's time to retire those outdated HID bulbs and embrace LED full spectrum illumination as the future of horticulture lighting.
2. What light spectrum can plants use for photosynthesis?
photosynthesis commonly occurs between 350nm to 780nm wavelengths.
3. Does IR of infrared light spectrum help with plant growth?
IR, or infrared, is light that is not visible to the naked eye but still exists below 400nm. Between the wavelengths of 350nm and 780nm, photosynthesis is most common. As a result, research suggests that IR in the 350-400nm range may be advantageous, particularly in the early phases of growth. After the leafier phases, it appears to have minimal effect on growth.