Influenced by policies of various countries and the mass introduction of LED plant lighting equipment into the medical and recreational cannabis cultivation market in North America，Stimulate the global plant lighting LED market to show explosive growth in 2020. Its output was $301 million, up 57% year on year,This growth momentum continues into the first half of 2021. From chip to package to terminal, LED plant growth lighting manufacturers have achieved bright revenue in the first half of 2021,However, since the second half of 2021, the plant growth lighting market has been decreased,Some LED plant growth lighting manufacturers began to slow down production planning and material inventory efforts.
To sum up the reasons, it can probably be explained in the following two points:
1. Although the application of plant lighting products has been widely covered vegetables, fruits, herbs, flowers, animal and plant breeding, ornamental and other varieties, however, plant lighting is not in large scale demand in other cultivation areas except industrial hemp. As a result, the market size of plant growth lighting is greatly influenced by goverment policy---In the third quarter of 2021, in addition to the lack of core (power drive IC) and sea shipping schedule, a crackdown on illegal indoor marijuana growers in North America has also affected shipments of end products to some extent.
2. LED plant lighting technology has reached a high level of recognition and acceptance among end growers, there is also a growing desire to use LED plant lighting, however, there are still three key problems to be solved in LED plant lighting:
a. LED plant lighting has a high one-time investment, and in the later operation, the electricity charge will become the expense proportion of the terminal growers can not be ignored, the conflict between short-term cost increases and long-term benefits becomes a major concern for end growers.
b. the use of LED plant lighting does not necessarily mean an improvement in quality for crops, taking lettuce as an example, according to the current research, the water content of lettuce produced by planting factories is too high, and the nutritional content is low
c. Including light source, air environment, nutrient solution, plant growth, etc., plant lighting has a very strong demand for intelligent regulation, however, whether internationally or domestically, whether in greenhouses or plant factories, the intelligence degree of LED plant lighting still needs to be improved, existing facilities still require a certain number of people to operate, which indirectly increases the investment cost of LED plant lighting.
Based on this, it will be some time before plant lighting becomes the norm in agricultural production. at present, under the trend of agricultural wisdom, modern information technology and equipment are deeply crossing and integrating with agriculture, LED plant lighting as an indispensable part of the intelligent agricultural ecosystem, we believe that the future growth space is infinite.
