Analysis of the world's four major plant growth lights market: LED lights accounted for 60%

According to the latest research by market research firm Technavio, it is estimated that by 2020, the global plant growth lamp market value will exceed 3 billion US dollars, and will grow at a compound annual growth rate of 12% from 2016 to 2020.

At present, the global plant growth lamp market is mainly divided into four categories: fluorescent lamp growth lamps, LED growth lamps, high pressure sodium (HPS) growth lamps, incandescent lamps and halogen lamp growth lamps.

Global fluorescent lamp growth lamp market

By 2020, the global market for fluorescent lamp growth lamps is expected to reach $1 billion, and such products are very popular with family gardeners. Standard fluorescent lamps are commonly used for seed germination, but they are not efficient. In order to overcome the shortcomings of standard fluorescent lamps, advanced technology will cooperate to produce high-yield and high-efficiency fluorescent lamps. Compared to standard fluorescent lamps, newly developed fluorescent lamps have higher illumination and lower temperatures, and such products are more efficient and cost-effective than incandescent lamps.

In addition, the fluorescent lamp holder will be lighter and easier to install, making it easier for the user to use and changing the lamp at any time.

Global LED Growth Light Market

By 2020, the global LED growth lamp market will reach 1.9 billion US dollars, with a compound annual growth rate of more than 25%. The LED growth lamp market is relatively new, technology has been developing, and more efficient products are being introduced. LED life is 10 times longer than ordinary energy-saving lamps and far exceeds that of ordinary incandescent lamps. Although such luminaires are more expensive, they are more efficient because they do not require frequent replacement and also save on electricity costs. Compared to other luminaires, LEDs generate less heat, thus eliminating the costly and complicated cooling system costs. The use of other luminaires requires a cooling system because the temperature is too high and can damage plant tissue cells.

As LEDs have more advantages, global researchers are focusing on promoting the development of LED growth lamps, and the market will grow further.

Global high pressure sodium lamp growth lamp market

By 2020, the global market value of high-pressure sodium lamp growth lamps is expected to reach $157 million. The orange and red light from the high-pressure sodium lamp allows the flowers to be produced, ripened and ripened, and they provide enough illumination to the greenhouse. The advantage of a high-pressure sodium lamp is that it has a wide range of illumination, and the high-pressure sodium lamp should not be too close to the plant because it produces a lot of heat. But the winter greenhouse does need more heat. After the high-pressure sodium lamp has been used for a long time, the irradiation will become weaker and it needs to be replaced. The average life of such lamps is 18,000 hours.

According to Abhay Sinha, an agricultural equipment analyst at Technavio, “High-pressure sodium lamps are the most efficient of all high-intensity discharge lamps. The high-pressure sodium lamps are six times more efficient than incandescent lamps, and the difference is great, and the popularity of such lamps will be Conducive to promoting the growth of the indoor cultivation industry."

Global incandescent and halogen lamp growth lamp market

The global market value of incandescent and halogen lamp growth lamps will reach $79.5 million by 2020, with a compound annual decline rate of 1.5%.

Incandescent lamps are usually available in grocery stores and hardware stores, but one of the disadvantages of using incandescent lamps as growth lamps is that they don't save energy. The energy that doesn't produce light creates extra heat, Abhay said: "Although I just started buying incandescent lamps. The cost is very low, but the running cost is higher than that of fluorescent lamps, so it is not suitable to use incandescent lamps as growth lamps. Halogen lamps are also because their performance is similar to incandescent lamps."

Currently, there are four major suppliers in the global growth lamp market: Royal Philips (Philips), PARsource Lighting Solutions, GE and Solarmax.