According to the report, in 2017, the agricultural lighting's market size is about 193 million USD, of which the LED grow lights 52 million USD. By 2022, the market size of LED plant lights is estimated to 151 million USD.
2017 industry report shows that Europe is the biggest market in the world, which accounted for 35%. Some governments of European countries encourage the constructions of new plant factories and replace the traditional agricultural lighting with LED grow lights. Due to the encourage incentives and large market demand, the market share of Europe has reached 37% in 2018.
The European new farms mainly grow vegetables, and the tomato yield is the largest. Tomatoes are not strict with the illumination time but require strong lighting and the suitable environment temperature. It is recommended that extending the illumination duration to 16 hours with the LED grow lights, which will make the tomatoes grow best.
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Plant factory is a very popular investment project in recent years. With these years' improvement, the costs of LED grow lights and cultivation facilities have been a great decrease, which brought down the initial investment cost and working cost of the plant facoty. In addition, the government encourage the green economic and modern agriculture also directly boosted the investment boom and development of the industry.
Plant factory is a closed planting facility, equipping with artificial lighting system, cultivation system, temperature control system, etc., which enable the crops growing inside without the effects of outside environment. Therefore, it's significant to promote the development of plant factory in the areas that are in no condition to farming. Furthermore, compare with traditional farming, the vertical planting of plant factory greatly increase the yield per unit area.
Xicui Plant Factory is one of largest commercial plant factories in China. The lighting for plant growth is from LED grow lights that can be adjusted according to the different crops, greatly increasing the control of plant growth and reducing the consumptin of power. And the water supply is controlled by the intelligent system that helps the facility save about 90% water. Last but not least, the factory has a shorter supply cycle and steady production all the year round.