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Today, I’ll be discussing Lumileds’ LUXEON SunPlus Series LEDs for Horticulture, including the background of horticulture market, the LUXEON SunPlus Series Features & Benefits, and finally a primer on Horticultural Lighting
Horticulture involves producing plants for food or non-food by using art, science and technology. Crops such as herbs and leafy greens are increasingly being planted in vertical farms as this allows year-round crop production, reduces use of fossil fuels and makes use of abandoned buildings!
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The horticulture market is forecast to experience astronomical growth—more than 80% compound annual growth rate over the next 5 years.
While the global greenhouse and vertical farms market sizes are also predicted to grow significantly—LED fixture revenues are estimated to grow from $500M in 2017 to 7B in 2021
