LED Plant Lights very HOT this year

Focus Point 
Why so hot?  

"Plant lighting", as its name implies, is to use LED lighting equipment instead of sunlight to illuminate plants and promote their growth and development.  After all, why does the plant lighting market frequently get the attention of LED lighting enterprises?  

In early August, China Lighting Electric Appliance Association President Chen Yansheng mentioned in an interview with the lighting, "recently, Plant Lighting belongs to a branch in the field of vision, Plant Lighting relatively fast development is one of the reasons why the United States of marijuana planting a large number of using LED lighting, lighting so that plants from the second half of last year to achieve rapid growth during the first half of the year."  

LED plant lighting listed company Songseng Shares also mentioned in its research report, "overseas industrial marijuana legalization is one of the important factors to promote the booming development of LED plant lighting."  

In addition, the supply chain transportation + food safety concerns emerged in the context of COVID-19, and the construction of vertical farms drove the outbreak of plant lighting demand from 2020 to 2021.  The popularity of new agricultural forms such as greenhouses and plant factories, and the active financing and expansion of vertical farm enterprises...  Under the superposition action of multiple factors, plant illume greeted from this "market erupts period".

Fight for the market, fight is the opportunity!  Based on the broad prospect of LED plant lighting market, a number of LED lighting enterprises seize the opportunity, has entered the LED plant lighting.

Future
  How to develop?

At present, LED plant lighting market prospects are quite optimistic.  According to Technavio research report, in 2020, the global market size of plant lamps and lanterns exceeded 3 billion US dollars, of which LED lamps and lanterns reached 1.9 billion US dollars. China's export value of LED plant lamps and lanterns exceeded 500 million US dollars, an increase of more than 4 times year-on-year.  

People in the industry pointed out that in the general lighting market competition is fierce, environmental health problems are increasingly prominent under the objective environmental impact, plant lighting application has gradually become one of the development direction of LED lighting enterprises, the market has a great space for development, is expected to maintain a strong growth trend.