Austin, Texas, USA
March 16, 2015
A recently released a new report that says worldwide markets for LED grow lights are growing as the LED lighting industry has developed more efficient systems for indoor horticulture. Illumitex is among the companies profiled in the report.
The report, “LED Agricultural Grow Lights: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021″ finds that LEDs are less costly than alternatives and save “significantly” on electricity costs. The report says rapid adoption of LED lighting in general is occurring and rapid adoption of LED grow lights worldwide is occurring as systems provide peak growing efficiently.
The nearly 600-page report finds that LED grow light module markets were at $395 million in 2014 and are forecast to reach $1.8 billion by 2021. Rapid growth is anticipated as greenhouse and plant factory growers find that the LED grow lights improve agriculture.
The report says that LED grow lights are more powerful and efficient than older generation high-pressure sodium and metal halide bulb grow lights. They reduce electricity bills and produce less heat. Less heat means users can put the light closer to plants without the risk of the plants getting burned.
Next-generation LED grow lights deliver dramatic power savings and unmatched product reliability, according to the study. Lights such as those developed by Illumitex offer low power, high efficiency, uniform light pattern, homogenous light distribution at precisely the right wavelengths and color ratios needed for superior photosynthetic response.
The study also makes note of the quality of life issues inherent to the use of LED grow lights. Taking the cost of long-haul transportation out of the food chain is a “breakthrough of major proportions,” according to the report. “Growth lights increase the density of food production by a factor of ten, and the ability to make fresh, sanitary food available consistently presents a major shift in how people live,” the study reports.
The report says, “Solid state electronics brings the same advantages to agriculture as it has brought to all other industry segments it touches. Growers are finding that they can achieve a rapid return on investment from substantially decreasing the energy costs associated with using grow lights, lengthening the growing season, eliminating chemical contaminants in the food supply, and significantly decreasing transportation costs for food production.”
“As more people become more health conscious and try to avoid the deleterious effects of pesticides in their food, grow lights are anticipated to find more and larger markets among greenhouse operators,” according to the report.
The report may be ordered here.
recently released a new report that says worldwide markets for LED grow lights are growing as the LED lighting industry has developed more efficient systems for indoor horticulture. Illumitex is among the companies profiled in the report.
The report, “LED Agricultural Grow Lights: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021″ finds that LEDs are less costly than alternatives and save “significantly” on electricity costs. The report says rapid adoption of LED lighting in general is occurring and rapid adoption of LED grow lights worldwide is occurring as systems provide peak growing efficiently.
The nearly 600-page report finds that LED grow light module markets were at $395 million in 2014 and are forecast to reach $1.8 billion by 2021. Rapid growth is anticipated as greenhouse and plant factory growers find that the LED grow lights improve agriculture.
- See more at: http://www.illumitex.com/led-grow-lights-to-quadruple-sales-worldwide-by-2021/#sthash.THRkIl3H.dpuf
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