Views: 0 Author: Site Editor Publish Time: 2025-04-10 Origin: Site
According to QYResearch's statistics and predictions, the global LED plant light market sales reached 1.798 billion US dollars in 2024, and are expected to reach 4.505 billion US dollars in 2031, with a compound annual growth rate (CAGR) of 14.2% (2025-2031).
At the regional level, the Chinese market has undergone rapid changes in the past few years. The market size is expected to reach millions of US dollars in 2024, accounting for approximately% of the global market. It is projected to reach millions of US dollars by 2031, at which point the global market share will reach%.
The classification of LED plant lights includes fruit and vegetable flower growth lights, hemp growth lights, etc. In 2023, fruit, vegetable, and flower growth lights will occupy 79% of the global LED growth light market. LED plant lights are widely used in commercial greenhouses, indoor planting facilities, etc. In the LED plant light market, commercial greenhouses hold a significant share in terms of application.
In the United States, an increasing number of states are legalizing marijuana for recreational or medical purposes. On April 19, 2021, the US House of Representatives passed a bill allowing banks to provide services to marijuana companies in states where marijuana is legal. According to data from state legislative conferences across the United States, 36 states have legalized medical marijuana, and 17 states now allow adult use.Indoor planting of special plants can increase LED production by 5% and reduce energy consumption. The investment in LED lamps can be recovered within one year, but LED lamps can last for 5 years. The market demand for vertical agricultural system solutions for various high value-added economic crops, especially medical cannabis plants, is vast and has become an important application for downstream demand in plant lighting.
Japan is the country with the fastest development of plant factories, and its government was the first to propose a subsidy policy for plant factories in 2009, which sparked market demand for LED lighting applications in this field.
Taiwan, China has also begun to smell the business opportunities of plant factories, and many LED manufacturers have already begun to enter the market in this field. In addition to Jingdian and Yiguang, there are also Guangyuan, Guangding, Hongqi, Guangdang, New Century, Dongbei, etc. The Economic Construction Council has also started to support plant factories through pipelines to promote the agricultural activation of Taiwan last year. However, due to the narrow land and dense population in Taiwan, the development space is limited. On the contrary, the market in Chinese Mainland, which has vast land and resources, is the target of all entrepreneurs.
In mainland China, with the promotion of the Chinese central government, the market is optimistic that local governments will follow up more actively. Moreover, if we look at the attitude of the Chinese government's previous generous subsidies to the LED industry, the new business opportunities in the field of LED lighting led by plant factories are also eagerly anticipated by various industry players, and it is the next niche market development opportunity for European LED factories.
In the past, the cost of LED lighting remained high, so plant factories often used fluorescent tubes or high-pressure sodium lamps. With the decline in LED prices and technological advancements, there has been a new wave of progress in the application of LED in plant factories. At present, there are not many manufacturers in China engaged in LED plant lights, most of which are concentrated in Shenzhen.
At present, the sales market for LED plant lights is also concentrated in countries and regions with fewer agricultural personnel, such as Japan, South Korea, China, the United States, and Europe. Plant lighting, which has long been popular in Japan and South Korea, has begun to receive attention in China. The sales market for LED plant lights is concentrated in countries and regions with fewer agricultural personnel, such as Japan, South Korea, China, the United States, and Europe. But with the increasing penetration rate of LED plant lights, the Chinese market has entered an explosive period.
