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The plant lighting industry has broad prospects and related concepts are worthy of attention

Author : Shenzhen Crown Lighting

Update time : 2021-07-26 16:51:52

The plant lighting industry has broad prospects and related concepts are worthy of attention

In the LED lighting market segment in 2021, plant lighting has become a "sweet potato".

According to a survey conducted by TrendForce's Optoelectronics Research Division, LED plant lighting products, which account for about 60% of plant lighting in 2020, have become one of the fastest growing lighting applications. The main reason is the gradual legalization of cannabis cultivation in North America and the coronavirus. The pneumonia epidemic has caused a surge in the size of the medical and recreational cannabis market.

Compared with traditional agricultural planting, plants planted under plant LED lighting are not affected by the natural environment, can receive more suitable light, nutrition and humidity, and can be produced normally and continuously even under severe conditions or disasters. At the same time, plant lighting can combine botany with the Internet of Things, and use a computer system to accurately control the plant cultivation process. According to statistics from Frost & Sullivan, the global plant supplement light equipment market has increased from USD 1.76 billion in 2015 to USD 3.79 billion in 2019, with an average annual compound growth rate of 21.1%. It is estimated that from 2020 to 2024, the compound annual growth rate of the global plant lighting equipment industry market size will remain at 25.5%, and the market size will reach 11.50 billion U.S. dollars in 2024.

The current global LED plant grow lighting downstream application market is still mainly concentrated in Japan, the United States, the Netherlands and other countries. According to statistics, the export value of LED plant lamps in my country in 2020 will exceed 500 million US dollars, an increase of 426.3% over the same period of the previous year. , Diagnostics) and other leading companies in the power supply industry have achieved substantial growth in the revenue of LED grow lighting power supplies. Recently, Netac Intelligent (15.50 -1.65%, diagnostic stocks) also stated that the revenue of the plant lighting business segment in 2020 will be about 90 million. The revenue of plant lighting in the first half of the year has exceeded the level of last year, with a year-on-year growth rate of over 200%. In summary, the demand for plant lighting industry is strong.

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