LED Grow Light Market Share Expanding Rapidy
Posted on February 20 2015
Lead by Kind LED, the LED Grow Light market share is expanding more rapidly than any other product in the hydroponics industry.
In 2015, LED grow lights have a market share that is expanding as fast or faster than any other product category in the global hydroponic industry . In to a recent report from Navigant Research, revenues from LED lighting products (both fixtures and lamps) in commercial lighting markets will grow from $2.7 billion in 2013 to more than $25 billion in 2021. This data, combined with the fact that horticultural lighting is already a multi-billion dollar industry in the U.S. means that companies like Kind LED are going to have a wonderful challenge keeping up with demand for their lights. In 2015, LED grow lights are going more widely distributed and sold than they ever have before, because the technology has finally caught up with the vision. Indoor horticulturists all over the world have been trying to work with LED grow lights for years, but in 2015, LED grow lights are performing stronger than they ever have, with harvests up to where they currently have been using traditional lighting methods. With yields up, and operating costs down, overall efficiency and profitability is increasing rapidly. In 2015, LED Grow Lights will make a jump forward, and Kind LED grow lights is leading the way with innovations that no other horticultural LED maker can match.