LED Agricultural Grow Lights: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021

A new study published by WinterGreen Research estimates that the worldwide LED grow light module market ($395 million in 2014) will reach $1.8 billion by 2021. Rapid growth is anticipated as green house and plant factory growers find the LED grow lights improve agriculture.

These lighting units support more efficient indoor growing. LED grow lights are more powerful and efficient than the older generation high-pressure sodium and metal halide bulb grow lights. They lower electricity bills and produce less heat. Less heat allows putting the light closer to plants without risk of burning.

According to Susan Eustis, the lead author of the team that created the study, “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.”

Next-generation LED grow lights deliver dramatic power savings and unmatched product reliability. They offer low power, high-efficiency, uniform light pattern, homogenous light distribution at precisely the right wavelengths and colour ratios needed for superior photosynthetic response.

Plant light has photons from the blue to red (400–700 nm) part of the spectrum, and is called growth light. Growth lights increase the density of food production by a factor of 10. In some places, like Japan, where growing space is limited, plant factories will continue to proliferate and to use LED grow lights as large warehouse type entities that provide food for the general public and for people who need specialized nutrition.

The study, LED Agricultural Grow Lights: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021, has 596 pages, 163 tables and figuresFind out more: http://www.rnrmarketresearch.com/led-agricultural-grow-lights-market-shares-strategy-and-forecasts-worldwide-2015-to-2021-market-report.html.