LED lighting is expected to grow to 1.424 billion US dollars by 2020

According to the analysis of statistics, the LED market for the use of plant lighting will show rapid growth in global climate change, exquisite crop cultivation, aquaculture, food storage, and other market demand, which are driving the plant lighting market prospects. The US market benefits from medical marijuana cultivation being legal, and in some provinces and even open entertainment with marijuana, demand is increasing. 2017 plant lighting (system) market size of about $ 690 million, of which LED lamps for $ 193 million, estimated by 2020 plant lighting (system) market will grow to 1.424 billion US dollars, and LED lamps will Grow to $ 356 million.

At present, the US market major lighting manufacturers have stepped up the layout of plant lighting and engineering lighting and is expected in 2017 there is a clear increase in revenue, so the proportion will also be increased to 35%. Including China's market, in the past two years has gradually become the layout of domestic and foreign manufacturers of regional markets, such as Japan's Mitsubishi Chemical 2017 in China to build 50 plant plants, with the domestic Zhongan Sanan also investing heavily in plant factories Construction, will further stimulate the market demand. China's market share rose from 12% in 2016 to 15% in 2017. led explosion proof lighting https://www.eneltec-led.com/products/led-explosion-proof-lights

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