The Analysis of LED Grow Light's Market Growth
At present, the competition in the global LED general lighting market is becoming increasingly fierce. The horticultural lighting industry may be a new opportunity for the LED industry to use LED technology to develop high value-added products to obtain greater profit margins. Due to global climate change, residential and industrial construction, agricultural land reduction, rapid population growth, food security, and other issues are prominent, resulting in urban food is difficult to meet people's needs, and LED horticultural lighting can solve these problems. LED gardening lighting is not restricted by the natural environment. The all-weather and efficient production method can not only greatly improve the land utilization rate, but also solve the increasingly prominent food safety problems, which is of strategic significance for solving the food problems of various countries.
With the continuous improvement of LED horticultural lighting technology, its application fields will become more and more extensive, including greenhouses, plant factories, family farming and so on. According to statistics, the CAGR of the LED horticultural lighting market will reach 27% from 2015 to 2020. Among them, the increase in food demand is expected to reach 59%-98% by 2025.
Compared with traditional plant lighting technology, LED technology has lower power consumption and can save a lot of energy costs. Moreover, LED-based lighting systems generate less heat and enable the illumination of crop-intensive areas. LED lights are installed near the bottom crops that are relatively unlit by surface crops, improving output consistency and increasing crop yields. Many experts said that LED plant lighting technology can not only improve efficiency, increase crop yield, but also achieve higher profits for customers. Adjustable LED solutions are also available to support lighting needs at all stages of the plant's growth cycle. The adjustability of the light allows farmers to adjust the light output to find the ideal proportion of light to maximize yield and grow a variety of crops.
With the combination of LED technology and plant lighting, many companies have also discovered this opportunity. But blind entry is not good for business and industry. At present, there are two types of enterprises in the field of LED plant lighting. One is to provide complete solutions including lamps, nutrient solution ratio, vertical farm facilities, intelligent management equipment, etc. The second is to focus on optoelectronic devices and launch special wavelengths according to different plants. LED business. New companies will find the right position, measure the input cost and return expectations, and choose the direction and operation mode. In the current market environment, companies that offer a full range of solutions are more proactive, but capital costs and technical thresholds are higher, and new companies need to be cautious.
As a global leader in horticultural lighting, Xinjia Opto Semiconductors has been actively deployed since the beginning of LED packaging technology and has accumulated a large number of technologies in the fields of display and lamp. Therefore, when plant lighting requires 660, 730nm light source, Xinjia quickly completed the development of plant lighting products with a complete process system, and always walked in the forefront of the industry. Now, Xinjia's LED gardening lighting application products are available in a wide range of products, which can provide the best color combination and brightness according to the specific needs of different plants. Of course, we can also provide different customized services according to the needs of customers, to ensure that the best products are presented in front of customers.
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