LED grow lights involve the use of LED chips in an efficient manner to produce light that aids the growth of plants. The LED chips used in the lights is integral to the quality of light. The color in the lights are known as the spectrum of the light and the brightness of lights is referred to as photon flux. Thus, the manufacturers must ensure to choose the LED light best suitable for the application for which they have to be used. These lights provide farmers with the option of using bespoke lighting options based on the requirement of each plant.

LED grow lights offer several benefits over traditional lighting. For instance the LED grow lights have the ability to match the respective needs of a specific plant and support the growth process. Also, with traditional lighting slowly becoming unsuitable for producing crops in regions, including Russia, Middle East, and North West Europe, among others, LED grow lights provide customizable and controlled environmental conditions for crop production.

Based on the studies conducted, certain colors such as blue and red light spectra influence the growth of the plant, especially the root and flower. Further, far-red, deep-blue, and green spectra aids the plants in understanding their environment. Consequently, this results in high quality plants. A spectrum that has all the colors in it, is known as full spectrum. These lights create conducive environment for the plants by providing adequate lighting substitute of sunlight.

This impact of LED grow lights also helps in higher yield in plants. The LED grow lights technology has helped in evolving the agriculture industry over the years.

According to the market intelligence published by BIS Research, titled Global LED Grow Lights Market – Analysis and Forecast, 2019-2024, the LED grow lights market was valued at $1.32 billion in 2018 and is projected to reach $4.60 billion by 2024. The market is expected to grow at a CAGR of 23.15% during the forecast period from 2019 to 2024.

The growth of the market is driven by factors such as the boom of indoor farming, to address the global concerns such as cases of food insecurity, increasing requirement for energy efficient lighting for crop cultivation, and the increasing consumption of animal proteins, globally. In addition, there are several trends that are influencing the growth of the LED grow lights market, including growing population, urbanization, favorable government policies and investments, high economic growth, and increased income.

As per the report published by BIS Research, these lights have several applications for different types of farming, including greenhouses, indoor farming, turf and landscaping, livestock farming and aquaculture, and research. Among each of these areas, the trend of exponential investments in indoor farming indicate that LED grow lights market is expected to witness the maximum growth during the forecast period from 2019 to 2024.

The LED grow lights produced by several companies have led to accelerated harvest cycles at farms, increasing the plant yield along with the quality of the crop produced. The use of these lights are gaining wider acceptance owing to the benefits offered, such as cost efficiency and high quality of the crop.

Request for a Sample: https://bisresearch.com/requestsample?id=753&type=download