The market for LED grow light is thriving and anticipates rapid growth. According to the latest data of LEDinside, the global LED market for horticulture lighting recorded a value of US$52 million in 2017, and the number is expected to reach US$150 million by 2022, a CAGR of 24%. In response to this trend, the Hong Kong International Lighting Fair this year set an area for horticulture lighting, which showcase a wide range of grow light for both household and factory. LED manufacturers have been actively laying the foundation for the expanding market.
The mid-power 3030 LED package products in the Chinese market saw significant price drop in March 2018, and high-power ceramic-substrate LEDs saw slight price drop, while prices of other products remained stable, says LEDinside, a division of TrendForce.
Kicking off on 9 June, the 22nd edition of the Guangzhou International Lighting Exhibition (GILE) welcomed visitors for the four-day fair during which key industry players had the chance to explore the convergent future of the lighting industry. The fair maintained its position as an influential and