Growing vegetables at home boosts the demand for plant lighting?

Cailian News Agency, May 25th. Recently, news of listed companies related to plant lighting has been frequently reported. Cailian News Agency reporters learned from a number of company sources that the main customers of the front-end products of the industrial chain such as chips and LED drive light sources are domestic, and the terminal products are mainly sold abroad. Many industry respondents said that the demand growth in the domestic plant lighting sector is still at a normal level, not to mention an outbreak.

Domestic prosperity to be improved

Since the beginning of this year, concepts such as "plant factory", "smart lighting", and "animal and plant lighting" have been repeatedly mentioned. Under the epidemic, "growing vegetables" at home once became popular on the Internet. At the same time, the implementation of rural revitalization policies, the rise of home gardening, agricultural Trends in intelligence, etc., continue to benefit the plant lighting industry.

Search for "LED plant lighting" on the e-commerce platform, and types of fill lights such as bracket models, folding models, and track models come into view, with "plant fill light", "promoting growth", "succulent coloring", "accurate wavelength" " and other labels. The reporter noticed that the monthly sales of related products in some stores have exceeded 3,000 orders, while the monthly sales of most stores ranged from dozens to more than 1,000 orders.

A "plant light" manufacturer revealed to a reporter from the Financial Associated Press, "I only started to try to enter the domestic market this year. The sales of the supplementary light fixtures newly launched on the e-commerce platform in early May were not high, and the same model sold better abroad. For thousands of units, this is just a small explosion."

It is reported that the plant lighting supplementary light needs to choose appropriate lamps according to the planted crops, area, usage scenarios, etc. According to the spectrogram of lamps provided by a certain manufacturer, the reporter noticed that the look and feel presents white light, light pink, lavender, warm yellow, etc., which are correspondingly suitable for plants such as roots, landscapes, melons and fruits, and succulents.

"LED plant lighting is not very prosperous in China for the time being." The above-mentioned manufacturers said that generally senior players would think of using supplementary lights to supplement light for plants.

Although the demand for plant lighting has been stimulated to a certain extent under the background of the epidemic, the frequency of customers buying lighting lamps for flowers, fruits and vegetables, fish tank water plants and other crops is increasing, but the market growth is still relatively limited.

Many industry respondents said that the demand growth in the domestic plant lighting sector is still at a normal level, not to mention an outbreak.

"Affected by the epidemic and logistics obstacles in the first quarter of this year, some people will consider not buying lighting products for the time being." Some business people further explained.

Previously, under the catalysis of the legal commercialization of special cash crops (hemp) in North America and the increased awareness of food crisis in the epidemic, the overseas plant lighting market began to usher in an outbreak period in 2020, and the export volume of related products increased rapidly. Many domestic LED companies benefit.

However, since the second half of last year, due to the common disturbances such as lack of cores, shipping schedules, and the United States' regulation of cannabis, the growth rate of the plant lighting industry has slowed down as a whole. Overseas expansion has been hindered to a certain extent, and the domestic smart agriculture process has gradually emerged to stimulate the demand for related products, which may explain why terminal manufacturers began to sell products to the domestic market.

In the long run, the plant lighting industry still has a lot of room for growth. According to the latest research data from TrendForce, the global LED plant lighting market will grow to US$1.85 billion in 2022, with a compound growth rate of 13.0% from 2021 to 2026. (Excerpt from Tencent.com)