Proactively positioning in the horticultural lighting market, Guangmingyuan has become a "leading player" in this new track.

According to a report by GGII (Gaogong LED Research Institute), the growth of China's general lighting market in 2022 is expected to be only 1.67%. The latest customs statistics show that from January to March 2022, the cumulative export value of luminaires, lighting devices and their parts nationwide was 64.13 billion yuan, a year-on-year (YoY) decrease of 4.2%. Amid sluggish growth in the general lighting market and declining exports, horticultural lighting is emerging as a new opportunity.

According to research reports released by TrendForce, looking ahead, against the backdrop of food safety and global climate change, smart agriculture is increasingly being prioritized by governments worldwide. The market demand for horticultural lighting is expected to maintain steady growth, with the market size projected to reach USD 2.89 billion by 2026. The compound annual growth rate (CAGR) from 2021 to 2026 is estimated at 11.5%, making it a highly watched segment in the lighting market.

Betting on Horticultural lighting

From Novice to Benchmark Enterprise

据国盛证券相关研报，传统农业主要依赖于太阳光，使得植物生长容易受自然环境影响，但植物照明生产的植物不受限于自然环境，并可以通过接受优化的光照、温度、湿度、二氧化碳浓度以及培养液成分等，实现高质量作物的产出。用LED植物照明可以削弱自然光环境对农业生产活动的制约，高效的植物光控方法能够促进植物生长发育，达到增产、高效、优质、抗病、无公害的目的，增强农业产出能力。

Currently, the main application areas of horticultural lighting luminaires include greenhouse supplemental lighting, fully artificial light plant factories, plant tissue culture, field supplemental lighting, and home vegetable and flower cultivation.

In TrendForce's research reports, Guangmingyuan is listed as one of the most authoritative and influential benchmark enterprises in the domestic horticultural lighting sector. Currently, Guangmingyuan has launched a wide range of horticultural lighting products, including LED flower and fruit lamps, indoor hard light strips for fruits and vegetables, and tissue culture lamps.

From newcomers to benchmark enterprises in the field of horticultural lighting, Guangmingyuan has always placed technological innovation first. With a decade of dedicated R&D, Guangmingyuan has obtained dozens of invention patents and utility model patents for products such as plant grow lights, plant growth racks and cabinets, plant tissue culture lights, and plant tissue culture devices.

Focus on Product Innovation

Continuously launching the "new species" of horticultural lighting

Mediocre companies follow market changes, while excellent companies create them. In China, horticultural lighting is still a very new sector, urgently requiring leading players to bring eye-catching or even disruptive new products through technological innovation to this emerging market, thereby uncovering consumers' latent needs.

As Guangmingyuan continues to innovate in the field of horticultural lighting, its series of innovative products have become leaders in the horticultural lighting market. Addressing the personalized lighting needs for different plant growth stages, Guangmingyuan actively innovates and customizes lighting solutions specifically for various types of plants. For instance, to address issues encountered during dragon fruit production such as sparse flowering with no fruit, off-season fruitlessness, slow growth, and insufficient light, Guangmingyuan has developed a dragon fruit flower-inducing grow light. This grow light features a light color of pale purple, with a color temperature of approximately 10000K. It adopts a scientific inter-plant supplemental lighting method, ensuring that the daily sunlight duration plus artificial lighting time is no less than 18 hours, with supplemental lighting applied for 16-18 days per crop cycle. To achieve effective inter-plant supplemental lighting, Guangmingyuan requires strict control over the hanging height of the dragon fruit flower-inducing grow light, ensuring the distance between the lamp and the dragon fruit seedlings is optimized. This ensures that the high-intensity light area of the lamp during the flowering stage aligns with the light signal reception area of the dragon fruit, thereby effectively increasing the number of flowering batches and extending the production period.

基于市场需求，广明源还开发出了针对多肉植物的多肉补光灯。因为植物对太阳光的不同波长的吸收是不同的，广明源多肉补光灯可以按照不同多肉植物吸收波长的需要进行精准配置，促进多肉植物光合作用，诱导花青素形成，进而生长出特定颜色的多肉植物，还能加强多肉上色效果，让多肉植物呈现出最好的生长状态。此外，广明源多肉补光灯高光强、高光效、高节能，可以有效防止多肉植物徒长、暗淡无光、生长缓慢、摊大饼等情况发生。

As a leading player in horticultural lighting, Guangmingyuan has established an excellent reputation in the industry. "Making further progress from a high starting point." Guangmingyuan continues to insist on product innovation and consistently introduces new species of horticultural lighting products. By building quality through products and influence through branding, Guangmingyuan is committed to becoming a rising force in China's horticultural lighting sector.