LED grow lights to quadruple sales worldwide by 2021

Worldwide markets for LED Agricultural Grow Lights are growing as units support more efficient indoor growing.

RnRMarketResearch.com's 2015 to 2021 report has found LEDs are less costly than alternatives and save "significantly" on electricity costs. The company 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.

LED grow light module markets at $395 million in 2014 are forecast to reach $1.8 billion by 2021.

The market research company says rapid growth is anticipated as greenhouse and plant factory growers find the LED grow lights improve agriculture.

It adds: "LED grow lights are more powerful and efficient than the older generation high-pressure sodium and metal halide bulb grow lights. They lower the electricity bill and produce less heat.  Less heat allows putting the light closer to plants, the plants do not get burned.

"Next-generation LED grow lights deliver dramatic power savings and unmatched product reliability. LED grow lights are shifting as illustrated by the new Everlight GL-Flora LED lighting fixtures for agriculture. They offer low power, high-efficiency, uniform light pattern, homogenous light distribution at precisely the right wavelengths and color ratios needed for superior photosynthetic response.

"LED grow lights are different. Grow lights provide artificial light used for plant growth. The spectrum of growth lights is tuned to the plant growing task. Plant light has photons from the blue to red (400-700 nm) part of the spectrum. This is called growth light. Horticulture lamps address the role of light in the growth and development of plants. Plant growth is a function of photosynthesis.

According to the study: "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."

Companies Profiled: Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar, Philips, GE, Sanxinbao Semiconductor, Valoya and LumiGrow

See http://www.rnrmarketresearch.com/led-agricultural-grow-lights-market-shares-strategy-and-forecasts-worldwide-2015-to-2021-market-report.html