New analysis of LED horticultural lighting market, industry and technology development trend

by:ALLTOP      2020-02-11
At present, the growth momentum of the horticultural lighting market mainly comes from greenhouse applications. In greenhouses, artificial lighting is used to compensate for changes in natural light to increase crop yields. For these applications, fluorescent lamps and high pressure sodium lamps (HPS)Such as traditional light sources are currently the mainstream solutions. The new application will drive the transformation of the horticultural lighting industry. At present, the growth momentum of the horticultural lighting market mainly comes from greenhouse applications. In greenhouses, artificial lighting is used to compensate for changes in natural light to increase crop yields. For these applications, fluorescent lamps and high pressure sodium lamps (HPS)Such as traditional light sources are currently the mainstream solutions. However, the development of LED technology in recent years has enabled it to gradually enter the horticultural lighting market and seize market share. The main advantage of LED technology lies in its lower power consumption than the existing technology and its ability to save a lot of energy consumption costs. Moreover, the LED-based lighting system has lower calorific value, which can realize lighting in crop-intensive areas. The LED lamp is installed near the bottom crops that lack light on the surface crops to improve the consistency of output, increase the yield of crops. Greenhouse applications are still only a small part of the LED horticultural lighting market. New applications pushed by urban farmers will promote the rapid growth of the horticultural lighting market in the medium and long term. Nowadays, most of the cultivated land is far away from the metropolis with a large population. As consumers gradually understand where and how their food is grown, farmers find it increasingly difficult for them to meet the growth of the city. Crops such as crops, fruits and vegetables on urban farms can be in a certain closed environment without sunlight (Using artificial lighting), Using multi-layer planting (Large output) Can be used as an effective solution to meet these needs and challenges. In the short term, these new indoor horticultural applications (And related industries) , Mostly rising from those high value-added crops (For example, plants for medical applications). However, urban farms will not be limited to these products. In fact, there are already many urban/vertical farms in various regions that are growing ordinary vegetables such as radish, lettuce and basil. Horticultural lighting application market opportunities for horticultural lighting 2016 horticultural lighting market (System level) The scale is US $3. 1 billion and is expected to grow to US $3. 8 billion in 2017. The current market is mainly affected by greenhouse applications (2017 accounted for 92)And existing lighting technology (2017 accounted for 79) Drive, however, with the gradual replacement of LED technology and the rise of new applications, the scale and attractiveness of the horticultural lighting market will be further improved at both system level and LED device level. In this case, the horticultural lighting market is expected to grow to nearly $8. 6 billion by 2022 (The compound annual growth rate during this period was 17. 8)Of course, this is only the starting point of the market explosion. Indoor/Vertical Farm will be at 2022 ~ Continued rapid growth during 2027, driving the overall market size to more than $17 billion by 2027. In 2017, the market size of horticultural lighting LED devices is expected to be about 0. 1 billion US dollars, and will grow to 2022 US dollars by 0. 4 billion ($0. 7 billion in 2027). 2017. 2022. Forecast of market revenue of horticultural lighting in 2027 LED technology: market showstopper of horticultural lighting industry the competition of lighting market is increasingly fierce, and horticultural lighting industry may be a new opportunity of LED lighting industry, using LED technology to develop high value-added products to gain greater profit margins. Of course, old LED manufacturers still face new entrants (Most of them are start-ups and small and medium-sized enterprises) Competition, these new entrants are trying to snatch their market share in this market full of growth opportunities. Until fourth quarter of 2017, the market of LED horticultural lighting industry was still very small, with less than 50 manufacturers providing LED lighting systems specifically for this market. Looking to the future, the development of horticultural lighting industry is closely related to market dynamics. In fact, the marketing and communication of the main manufacturers of the industry mainly focus on two main applications: 1. Medical crop cultivation, which is currently the main market driving force; 2, vegetable planting, growing low-end/large quantity of products. Some established and mature lighting system manufacturers may not be involved in applications (At least not publicly involved)To protect the brand image. This brings opportunities to many new manufacturers, which can quickly obtain revenue and improve their professional skills and experience in the horticultural lighting market. At the device level, most LED manufacturers tend to adopt a technology-driven strategy, using their traditional LED product line ( Such as ultraviolet, visible and near infrared LED) To quickly provide gardening lighting solutions and related marketing tools (Such as special data tables, etc). In the future, with in-depth research on the impact of LED lighting on crop growth, these manufacturers will begin to provide solutions specifically for horticultural lighting ( For example, carefully modulated wavelengths, schemes for comprehensive application of multiple wavelengths, etc). At present, the missing link in the industrial chain is mainly at the module level. In 2017, there was no real module-level supplier in the horticultural lighting LED industry. Therefore, the market is still an emerging market and the industry is still very young, lack of relevant standards and regulations. In this context, various lighting system manufacturers are designing their own LED lighting modules with specific wavelength combinations/schemes. Some manufacturers have begun to position themselves as solution providers, providing not only lighting systems but also integrated sensors (Humidity, oxygen content, etc) And data management software. The goal of these intelligent lighting systems is to further increase the output of greenhouses and urban farms.
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