The 2023 lamp industry is booming, the 2024 market is promising, and the legalization of cannabis has become a new growth point

As the global attention to efficient and environmentally friendly agricultural technology continues to increase, the plant lamp industry is 2023 a booming trend. According to the latest market report, the global plant lamp market has reached billions of Yuan this year, and is expected to continue to maintain high-speed growth in the 2024. As the key equipment of plant growth, the market scale of plant lamp is enlarged because of its remarkable advantage in improving the output and quality of agricultural products. The plant lamp can simulate the natural light condition, provides the constant light and the spectrum for the plant, enables the plant in any place and the season to be able to grow normally. At the same time, the application of LED technology makes the plant lamp have higher energy efficiency and lower energy consumption, and brings remarkable energy-saving effect for agricultural production. In terms of product types, full-spectrum and local-spectrum plant lamps have become the mainstream products on the market. The full spectrum plant lamp can provide a more comprehensive spectrum range, which is suitable for the growth of many kinds of plants, while the local spectrum plant lamp optimizes the spectrum according to the needs of specific plants to achieve more efficient use of light energy.

From the perspective of downstream applications, the plant lamp industry continues to expand the field of application. In addition to the traditional commercial greenhouse and indoor agriculture, research, vertical agriculture and turf and landscaping and other fields have gradually become an important application direction of plant lamps. Especially in the field of vertical agriculture, the application of plant lamps provides a new solution for urban agricultural production, enabling urban residents to enjoy fresh and healthy agricultural products. In addition, it is noteworthy that countries that have legalized cannabis cultivation have become new growth points for the plant lamp industry. Currently, Uruguay is the first country in the world to fully legalize the cultivation and trade of cannabis, while the United States, Canada, the Netherlands and Pakistan are among the countries that allow the cultivation or use of cannabis. Policy changes in these countries have brought new market opportunities to the plant lamp industry. The plant lamp can provide the suitable illumination environment for the hemp, promote its healthy growth, improve the yield and quality. As a result, demand for plant lamps is expected to continue to grow in countries where cannabis cultivation is legalized. Looking ahead, the 2024 plant lamp industry will continue to maintain a strong momentum of development. With the development of agricultural technology and the expansion of planting demand, the market of plant lamp is expected to welcome more innovative products and solutions. At the same time, with more countries likely to open up cannabis cultivation, plant lamp industry will face a broader market space.

However, it should also be noted that the development of the plant lamp industry is still facing some challenges. Including the pressure of technological upgrading, the intensification of market competition and the uncertainty of policy changes. Therefore, plant lighting enterprises need to pay close attention to the market dynamics and technology trends, increase R & D investment, enhance product competitiveness to meet the future market changes and challenges. To sum up, the 2023 plant lamp industry is booming and the 2024 market is promising. With the help of countries that have legalized the cultivation of cannabis, the plant lamp industry will usher in a new growth point. At the same time, enterprises also need to actively respond to market challenges, continuous innovation and development, in the fierce market competition in an invincible position.