The development trend of the three major LED lighting markets in the future
In 2022, LED plant lighting will grow to US$633 million. In 2017, the market size of LED plant lighting lamps is about US$193 million, of which the market size of LED products used is US$52 million. LEDinside estimates that by 2022, horticultural LED lamps and packaging products will grow rapidly to US$633 million and US$151 million, respectively, and the compound growth rate from 2018 to 2022 will be 30% and 27%, respectively. In 2017, Europe accounted for 35% of the global LED plant lighting market. As major manufacturers gradually established plant factories in Europe,
In 2022, LED plant lighting will grow to 633 million US dollars
In 2017, the market size of LED plant lighting fixtures was about US$193 million, of which the market size of LED products used was US$52 million. LEDinside estimates that by 2022, horticultural LED lamps and packaging products will grow rapidly to US$633 million and US$151 million, respectively, and the compound growth rate from 2018 to 2022 will be 30% and 27%, respectively.
In 2017, Europe accounted for 35% of the global LED plant lighting market. As major manufacturers gradually established plant factories in Europe, and governments in Europe such as the Netherlands and the United Kingdom actively advocated the establishment of plant factories and put forward relevant subsidy policies, the local Market demand has made the market share in Europe continue to expand, reaching 37% in 2018, the largest share in the regional market.
The main crops grown in European plant factories are tomatoes, leafy vegetables (beets, etc.) and herbs. The colourful and tasty varieties in the Netherlands are very popular and consumer demand for Dutch tomatoes has skyrocketed, with the main tomato producers Duijvestijn, Rijk Zwaan and Incotec. Among them, Duijvestijn has jumped to the first place, with an annual production area of 15 hectares and a production capacity of up to 10 million kilograms. The tomato planting process needs to be combined with agricultural technology partners, such as Priva to develop automated water and climate control systems; lighting manufacturers are mainly Philips Lighting (Signify).
Tomato does not require a specific photoperiod, but requires strong light, with a suitable light intensity of 40,000 to 70,000 Lux. More than 80,000 Lux or less than 10,000 Lux is not good for growth. Tomatoes are warm vegetables. Generally speaking, they can adapt to the growth of tomatoes within the temperature range of 15 to 35 °C, and the most suitable temperature is 20 to 30 °C. When transplanting and planting tomatoes, try to keep the size of the seedlings consistent and the plants grow neatly. Reducing the shading between the plants can increase the sunshine of the tomatoes.
Tomatoes do not have strict requirements on the number of light hours, but with 16 hours of light a day, the plants grow best, and short-term sunlight can also grow and bear fruit normally. In production, the lighting hours should be extended as much as possible or artificial light supplementation should be used to increase the output.
In 2022, the global LED stadium lighting market will grow to 1.563 billion US dollars
With the increasing importance of the sports industry in various regions and countries around the world, coupled with the rapid improvement of the cost-effectiveness of LED lighting, LED sports lighting will also usher in rapid development. It is estimated that the global LED stadium lighting market size in 2017 will be 6.73% It will grow to 1.563 billion US dollars by 2022, with a compound growth rate of 16% from 2018 to 2022, and the growth rate is higher than that of general LED lighting.
2021 OLED lighting market scale will grow to 191 million US dollars
According to LEDinside statistics, the OLED lighting market is expected to grow to US$191 million in 2021, with an average annual growth rate of 1.07%.
Although the high cost and limited service life of OLED technology make it very difficult to increase the penetration rate, with technological breakthroughs, the rapid rise of OLED lighting, coupled with the improvement of public awareness of environmental protection, the public's requirements for the integration of life and artistic beauty in lamps and lanterns have improved. It makes white OLED lighting very likely to become the next generation of lighting stars. Among them, in 2018, LGD, Acuity Brands, Konica Minolta, and OLEDWorks were the four major leaders in the OLED lighting industry.