The On-going LED Horticulture Lighting Market Expansion - Energy Watch News


The On-going LED Horticulture Lighting Market Expansion

According to the research of LEDinside, the market scale of LED plant lighting will reach US$ 224 million in 2018 and is estimated to grow to US$ 633 million by 2022, with a CAGR of 30% during 2018-2022. Many LED producers have entered the market of horticulture lighting to share the expanding opportunities when the demands in the general lighting market are relatively weak. LEDinside has collected the updates of horticultural applications from LED firms of the world. LED manufacturers worldwide have been developing technologies for innovative approaches of horticulture to overcome the limitations of geography and weather. It is expected that LED lighting applications can provide sustainable solutions to ease the environmental impacts of farming when facing the challenge of global warming. https://www.ledinside.com/

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