LED grow light sales to quadruple globally by 2021

led grow light image by organicgardensupply

LED grow light module market, which recorded $395 million in 2014, is forecast to reach $1.8 billion by 2021, reports RnRMarketResearch.com.

The report has also found that LEDs are less costly than alternatives, saving significantly on electricity costs.

According to the company sources, rapid adoption of LED grow lights worldwide is occurring as systems provide peak growing efficiently.

In addition, rapid growth is anticipated as greenhouse and plant factory growers have found that the LED grow lights improve agriculture.

LED grow lights are powerful and efficient than the older generation grow lights. They lower the electricity bill and produce less heat. Less heat allows putting the light closer to plants as the plants do not get burned.

Next-generation LED grow lights deliver better power savings and product reliability. LED grow lights are shifting as illustrated by the new Everlight GL-Flora LED lighting fixtures for agriculture.

They offer low power, high-efficiency, uniform light pattern, homogenous light distribution at precisely the right wavelengths and color ratios needed for superior photosynthetic response.

Besides, LED grow lights provide artificial light used for plant growth. The spectrum of growth lights is tuned to the plant growing task. Plant light has photons from the blue to red (400-700 nm) part of the spectrum. This is called growth light. Horticulture lamps address the role of light in the growth and development of plants.

The report also says that solid state electronics brings the same advantages to agriculture as it has brought to all other industry segments it touches.

Growers are finding that they can achieve a rapid return on investment from substantially decreasing the energy costs associated with using grow lights, lengthening the growing season, eliminating chemical contaminants in the food supply, and significantly decreasing transportation costs for food production.

Major companies profiled in the report are Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar, Philips, GE, Sanxinbao Semiconductor, Valoya and LumiGrow.

Moreover, major market participants mentioned in the report are; Advanced Lighting Technologies, Black Dog LED, Conviron, Daystar, Dalsem, Delta, Iwasaki EYE Hortilux, Epistar, Everlight Electronics, GE, General Hydroponics and many more.

Sabeena Wahid
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