LED Lighting Horticulture Market Size, Share, Trends, Business development, Analysis And Opportunities 2018-2026

                                                                            
In contrast to field farming and animal husbandry, the LED lighting horticulture market is directly addressed to businesses associated with commercial, indoor, and R&D activities related to plants.

              LED Lighting Horticulture Market


In contrast to field farming and animal husbandry, the LED lighting horticulture market is directly addressed to businesses associated with commercial, indoor, and R&D activities related to plants. The presence of sunlight is directly dependent on the presence of these addressable segments for crop growth. However, with the growing global population and a lack of adequate sunlight in regions such as North Central Europe and the Nordic countries, the need for additional production of vegetables, fruits, medicines, and other agricultural products is expected to drive demand for these industry products.

Increased power-saving features of LED lights will drive product demand throughout the forecast period. The presence of conventional alternatives such as fluorescent and high pressure sodium (HPS) products dominates the industry. These products have a high power consumption, which results in high electricity bills and lower profit margins for commercial applications. Horticulturists, on the other hand, are increasingly encouraging the use of LED lighting for applications due to the associated power savings, optimal plant light outputs, and significantly longer lifecycles up to 5X that of conventional products. These factors are expected to drive significant growth in the LED Lighting Horticulture market over the next few years.

Rather than focusing on commercial sales of the products, major industry participants such as Philips Lighting and Osram Sylvania are focusing on raising awareness through trial projects. Philips, for example, has already made significant investments in Europe, the Americas, and Asia Pacific for several such projects in order to increase consumer inclinations. Furthermore, offering products with a 3 to 5 year warranty is expected to increase consumer inclinations in the long run.

Chief industry participants in the LED lighting horticulture market include Fluence Bioengineering, Inc., Cree, Illumitex, Kessil Lighting, Heliospectra, Hubbell Lighting, LumiGrow, Lemnis Oreon, Osram Sylvania and Smart Grow Technologies.

Source Link: https://www.einnews.com/pr_news/565281657/led-lighting-horticulture-market-current-future-business-opportunities-discussed-fluence-bioengineering-cree-osram

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