LED Lighting Horticulture Market Poised To Take Off By 2026

11/lug/2018 13:33:29 Rajani Bele Contatta l'autore

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LED lighting horticulture is a market that is open to the market. These addressable segments are directly dependent on the presence of sunlight for the crops growth. However, with the increase in regions that include North Central Europe, the requirement for additional production of vegetables, fruits, medicines and other agricultural products is expected to drive the demands for these industry products.

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Increased power saving features of LED lights will present lucrative product demands through the forecast period

Industry is largely characterized by the presence of conventional alternatives such as fluorescent and high pressure sodium (HPS) products. These products are featured with high power consumption, these in turn lead to heavy electricity bills and lower profit margins for commercial applications. However, horticulturists are increasingly encouraging the use of LED lighting for applications owing to the related power savings, optimum plant light outputs and considerably longer lifecycles up to 5X the conventional products. These factors are expected to provide major traction to the LED Lighting Horticulture market during the next few years.

Low light intensity is the major drawback that will restrain the growth of LED lighting horticulture market

Conventional alternatives that includes specifically includes HPS are associated with additional costs owing to their short lifecycles, requirement to alter the lights almost every year and high labor costs. However, these are expected to remain in the industry for long owing to their high intensity and low light degradation that is 1% every thousand hours of utilization. However, long term warranties of the LED counterparts only ensures only 70% of the initial lumen output over its lifecycle. This is expected to remain as the major restraining factor for the industry over the forecast period. Moreover, low overall initial outputs also require the plants to be located in the close proximity. This in turn can lead to blocking of the naturally available sunlight, which may lead to 24 hours requirement of these lights. This may hamper the overall yield up to 30% which is not ideal for growers who want to maintain the annual yield which may in turn lead to decreased consumer inclinations.

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These factors are anticipated to be most likely to be dealt with the use of increased intensity with certain product developments over the next few years. Moreover, aforementioned benefits outweigh these drawbacks and LED lighting horticulture market is expected to gain the highest traction over the coming years.

US is expected to be the most popular climate policy for conventional agriculture methodology

US has legalized the cultivation of marijuana in locations away from public spaces, along with certain other countries in the Americas. In addition to high quality foods, will drive the requirement for vegetables and fruits over the next few years. Market for the greenhouses and LED lighting equipment.

Chief industry participants in the LED lighting horticulture market include Fluence Bioengineering, Cree, Illumitex, Kessil Lighting, Heliospectra, Hubbell Lighting, LumiGrow, Lemnis Oreon, Osram Sylvania and Smart Grow Technologies. Industry is expected to be characterized by the next generation product launches to garner higher consumer inclinations. For instance, in January 2014, Philips Lighting launched LED toplighting range for commercial applications, which was

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