The global LED Grow lights market is divided into four major categories, mainly fluorescent grow lamp, Professional LED grow lights, high pressure sodium (HPS) Grow light, incandescent lamp and halogen grow lamp.

Professional LED grow Lights market

By 2020, the global LED grow lights market will reach 1.9 billion US dollars, with a compound annual growth rate of over 25%. The professional LED grow lights market is relatively new, and the technology has been developing, and more efficient products have been continuously introduced. The life of LED is 10 times longer than that of ordinary energy-saving lamps, and far exceeds that of ordinary incandescent lamps. Although this type of lamp is more expensive, it is more efficient because it does not need to be replaced frequently, and it also saves electricity costs. LED lamps have a lifespan of up to 11 years. Compared with other lamps, LEDs generate less heat, thus eliminating the cost of expensive and complex cooling systems. The use of other lamps requires a cooling system, because too high temperature will damage plant tissue cells.

As LEDs have more advantages, researchers around the world are focusing on promoting the research and development of LED plant grow lights, and the market will therefore grow further.

Fluorescent grow lamp market

By 2020, the global fluorescent grow lamp market is expected to reach 1 billion US dollars, and such products are very popular with home gardeners. Standard fluorescent lamps are usually used for seed germination, but the efficiency is not high. In order to overcome the shortcomings of standard fluorescent lamps, advanced technology will cooperate to produce high-yield and efficient fluorescent lamps. Compared with standard fluorescent lamps, the newly developed fluorescent lamps illuminate stronger but have a lower temperature. Such products are more effective and cost-effective than incandescent lamps.

In addition, the fluorescent grow lamp bracket will also be lighter and easier to install, making it more convenient for users to use, and the bulb can be replaced at any time.

High pressure sodium grow Light market

By 2020, the global market value of high pressure sodium lamp grow light is expected to reach 157 million US dollars. The orange and red light from high-pressure sodium lamps can make flowers produce, fruit, and ripen, and they can provide sufficient lighting for the greenhouse. The advantage of the high-pressure sodium lamp is that the irradiation range is wide, and the high-pressure sodium lamp should not be too close to the plants, because it generates a lot of heat. But the greenhouse does need more heat in winter. After the high pressure sodium lamp is used for a long time, the irradiation will become weak, and it needs to be replaced. The average life span of such lamps is 18,000 hours.

According to Technavio Agricultural Equipment Analyst Abhay Sinha, “High-pressure sodium lamps have the highest efficiency among all high-intensity gas discharge lamps. The luminous efficiency of high-pressure sodium lamps is 6 times higher than that of incandescent lamps. There is a big difference, and the popularity of such lamps will increase in the future. Conducive to promoting the growth of the indoor cultivation industry.

Incandescent Grow light and halogen grow lamp market

The global incandescent lamp and halogen grow lamp market value will reach 79.5 million US dollars by 2020, with a compound annual decline rate of 1.5%.

Incandescent grow light are usually available in grocery stores and hardware stores, but one of the disadvantages of using incandescent lamps as growth lamps is that they do not save energy. The part of the energy that does not produce light will generate extra heat. Abhay said: “Although I just started buying incandescent lamps The cost is very low, but the operating cost is higher than that of fluorescent lamps. Therefore, it is not suitable to use incandescent lamps as growth lamps, and so are halogen lamps, because their performance is similar to that of incandescent lamps.”