led lightning

Current trends and Future Analysis of LED Lighting
Horticulture Market
LED lighting horticulture market is directly addressed to the businesses associated with the
commercial, indoor and R&D activities associated with plants, which is in contrast of the
field farming and animal husbandry. These addressable segments are directly dependent on
the presence of sunlight for the crops growth. However, with the increase in global
population and lack of adequate sunlight in regions that include North Central Europe and
Nordic countries, requirement of 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.
Moreover, rather than increasingly focusing on the commercial sales of the products, major
industry participants that include Philips Lighting and Osram Sylvania are increasingly
focusing on awareness through investing in trial projects. For instance, Philips has already
made significant investments in Europe, Americas and Asia Pacific for several such projects
to gain higher consumer inclinations. Moreover, offering products with 3 to 5 years warranty
is expected to garner higher consumer inclinations over the long run.
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LED Lighting Horticulture Market Taxonomy
On the basis of application, the global LED lighting horticulture market is classified into:
● R&D
● Personal
● Commercial
(greenhouse)
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.
These factors are anticipated to be most likely be dealt with the utilization 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 highest traction over the coming years.
U.S. is expected to remain the most lucrative regional business segment owing to the
unfavorable climatic conditions for conventional agriculture methodology
U.S has legalized the cultivation of marijuana in locations away from public spaces, along
with certain other countries in the Americas. In conjunction with this demands for high
nutrition foods, will drive the requirement for vegetable and fruits over the next few years.
Owing to unfavorable weather conditions, requirements to meet these demands, construction
of commercial greenhouses and LED lighting equipment will drive the market growth
through the forecast period.
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 featured with relatively higher efficiency than the other
available LED modules.
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s-of-LED-Lighting-Horticulture-Market/207469
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