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.

Cree announces an expansion of the XLamp High Current LED Array family with new CMT LEDs that extend Cree’s latest metal-based chip-on-board (COB) LED technology to the most prevalent COB form factors. In addition to providing up to 45 percent more lumen density and up to 17 percent higher efficacy, all Cree XLamp High Current LED Arrays feature an innovative metal substrate technology that delivers higher reliability than competing metal COBs. With more than 6,000 hours of LM-80 data available, the expanded family of LEDs enables lighting manufacturers to immediately upgrade their designs for DesignLights Consortium and ENERGY STAR eligible applications, such as track, downlight and outdoor lighting.

The new Hyperion 1750 is the latest LED grow light in the Hyperion product range and has a maximum light performance output of 1750 micromole/s, equivalent to a 1000 W SON-T. All Hyperion grow lights come in a range of standard and tailor-made spectrums, with a host of features and benefits designed to ensure a higher commercial return to growers. In 2017 Plessey introduced the Hyperion 1000 with a light output of 1000 micromole/s, equivalent to a 600 W SON-T.

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.