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Home > News > Industry News > Plant lighting will lead the future agricultural revolution

Plant lighting will lead the future agricultural revolution

Jessica 2022-06-24 09:32:19

In recent years as the global demand for fruit and vegetable growth, gradually reduce the area of cultivated land per capita, family gardening plant growth in demand and the rapid development of modern facility agriculture, and so did the greenhouses plants and factories, and other forms of new agricultural accelerated popularization, plant lighting equipment demand continues to grow, up to now has become a rapid developing plate plant lighting area.


Compared with traditional agricultural cultivation, plants planted with plant lighting are not affected by the natural environment, and can receive more appropriate lighting, nutrition and humidity, and can produce normally and continuously even under harsh conditions or disasters. At the same time, plant lighting can combine botany with the Internet of Things to optimize plant growth and development by controlling illumination, photoperiod, spectral distribution and light uniformity, so as to accurately control the plant cultivation process.


Compared with traditional light sources, LED has the advantages of high photoelectric conversion efficiency and easy spectral combination. With the mature development of LED technology, the penetration rate of global LED products is increasing year by year, accounting for 60% of the plant lighting market in 2020. The global LED plant lighting equipment market grew to $1.22 billion in 2019 from $310 million in 2015, with a compound annual growth rate of 40.8%, according to Data from Total. It is expected that LED plant supplementary lighting equipment will be further applied to modern agricultural production in the future, and the market size will reach us $5.70 billion by 2024.


From the perspective of application, the current plant lighting equipment is mainly used in greenhouse, vertical agriculture, plant factories and home gardening. Plant light filling equipment is most widely used in the field of commercial greenhouse. According to Data from The Company, in 2019, the global market size of plant lighting equipment applied in commercial greenhouses reached us $2.51 billion, and is expected to grow to US $6.06 billion in 2024, with a compound annual growth rate of 21.4%.


At present, the global LED plant lighting downstream application market is still mainly concentrated in Japan, the United States, the Netherlands and other countries. With the shortage of food demand in the future and the shortage of labor force in the new generation, plant factories will be widely used. By the end of 2020, the total number of artificial light plant factories in China has exceeded 220, becoming the largest plant factory development country second only to Japan. As an important link in plant factories, lighting demand is good for the development of LED plant lighting field. According to The company, the global market size of plant lighting equipment applied to plant factories was $240 million in 2019 and is expected to grow to $1.47 billion by 2024.


With the improvement of residents' income and living standards, home gardening has gradually emerged. Many families use plant lighting equipment to grow flowers and other plants, and the market has grown rapidly. According to The Company, the global market for plant lighting equipment used in home gardening grew to $890 million in 2019 from $300 million in 2015, and is expected to grow to $3.59 billion by 2024.


Affected by the epidemic, people stay at home longer and spend more time on home gardening and other activities. Balconies, backyards and rooftops have become places where many people grow vegetables and plants. At present, the market has rolled out many small plant plant plant plant device. Data from Taobao show that since the beginning of this year, sales of intelligent vegetable planting machines on Taobao's Tmall platform have increased by more than 200% compared with the same period last year, and the total transaction amount of a flagship store in March more than doubled compared with the same period last year. Shop orders from Guangdong, Beijing, Shanghai area more.


In the long run, plant factories, vertical farms and other modern facility agriculture will inject a steady stream of vitality into the plant lighting market, which also means that the LED plant lighting market has a broad space for growth. The application of plant lighting products has widely covered plant tissue culture, leaf vegetable planting, plant factory, seedling factory, edible fungus factory, algae culture, plant protection, flower planting, etc., which also reflects the broad prospect of plant lighting application and the sustainability of development from the side.


According to the whole extension data, plant lighting leads the future agricultural revolution and has become an important hotspot in the cross-border integration of lighting and agriculture. Benefiting from the rapid development of government policies and technology, the field of plant lighting equipment in China is developing rapidly. However, compared with the foreign market, the domestic plant lighting equipment industry is still in the early stage of development, with low market maturity and unlimited possibilities in the future. With the gradual increase of downstream applications, China's plant lighting industry will continue to maintain medium-high development.