Horticultural lighting becomes a new highlight of the industry, with enterprises in the intelligent control sector demonstrating their strength

Scientific research indicates that during the process of photosynthesis, plant lights play a key role in regulating light quality. Nowadays, plant lights have also been expanded by humans to more fields. From grain production, fruit and vegetable cultivation, flower planting to medicinal plant cultivation, mosquito repellent and insect control, etc., industrial application solutions centered on plant light technology are becoming increasingly widespread. The cross-border integration model of 'lighting + agriculture' has even spawned a huge emerging market. With market demand continuing to surge, currently besides governments and major research institutions focusing on the horticultural lighting technology industry, manufacturers and tech innovation enterprises from multiple fields are also increasing their industrial layout, investment and financing efforts in various niche tracks are continuously intensifying, and the industry has officially entered an accelerated development phase.

Fundamentally, the extension of horticultural lighting to fields such as agriculture represents an innovative expansion of photosynthesis. Since plants primarily absorb red and blue light for photosynthesis among the seven colors of light, the remaining trace amounts of green, yellow-orange, and other lights mainly participate in other metabolic processes of plants. Precisely because of the differences in light quality, horticultural lighting can achieve efficient utilization of effective light sources by precisely controlling illuminance, photoperiod, spectral distribution, and light uniformity to efficiently cultivate plants.

Compared to traditional lighting modes, horticultural lighting not only optimizes the process of plant growth and development but can also tailor different spectra for different plants at different growth stages, eliminate ineffective light, precisely control the wavelength bands required for plant growth, improve photosynthetic efficiency, and fundamentally ensure plant yield and quality. On this basis, horticultural lighting possesses outstanding advantages such as energy saving and environmental protection, making it a feasible solution for developing high-quality agriculture.

从产品分类来看，植物照明灯主要有LED灯、荧光灯、高压钠灯、白炽灯及卤灯四大类型，其中LED灯是目前的市场主流产品。以半导体电光源及智能化管控装备为基础，LED植物照明灯可以按照植物生长的光环境需求规律和生产目标要求，创造出最适宜植物生长的光环境，真正实现农业生产的优质、高产、稳产、高校、生态、安全。由于LED植物照明灯光效高、发热低、体积小、寿命长，再加上LED技术不断升级，目前其市场渗透率也在持续提升。

Over the past decade, the industry has accelerated continuously. Beyond consolidating its market position in traditional agriculture, it has achieved market breakthroughs in multiple sectors including facility horticulture, livestock and poultry breeding, and fisheries plant protection. According to data from GGII (High-Industry Research Institute), 2018-2020 was a peak period of rapid growth in the output value scale of China's LED horticultural lighting systems. Specifically, in 2020, the output value scale of China's LED horticultural lighting systems reached 9.5 billion yuan, representing a year-on-year (YoY) increase of 25%. In recent years, the sector has maintained a high growth rate exceeding 20%, and the market size has long since surpassed the 11 billion yuan threshold.

Under the support and promotion of a series of favorable national policies, more and more leading local enterprises are increasing their market layout in the horticultural lighting sector. The industry chain from upstream chips to packaging components, then to luminaires and systems has basically taken shape. Industry authoritative institutions predict that , the demand for LED horticultural lighting products and systems in China this year is expected to rise to 149,000 sets.

From the perspective of industry application prospects, horticultural lighting is widely used in multiple fields related to plants. In addition to traditional plant tissue culture, leafy vegetable production, greenhouse supplementary lighting, and flower cultivation, in recent years, with the increasing cross-border efforts of "lighting + agriculture", horticultural lighting has also achieved deep applications in many fields such as algae cultivation, plant protection, space fruits and vegetables, mosquito repellent and killing, etc., and its market prospects are immeasurable.

Especially as the global food crisis becomes increasingly prominent, horticultural lighting has become a crucial link in ensuring food security. Because traditional agriculture is affected by factors such as climate conditions and soil pollution, the yield and quality of crops are seriously threatened. By combining plant lighting light-control technology with a series of agricultural intelligent technologies, it can guarantee the safety and stability of the plant growth environment, providing robust protection for achieving year-round continuous, intensive, high-efficiency production of high-quality, pesticide-free crops.

At the policy level, as the industry scale continues to expand, standardization efforts in the horticultural lighting sector are also advancing steadily. As early as 2019, China established a Horticultural Lighting Advisory Group. Under the leadership of the National Electric Light Source Quality Supervision and Inspection Center, IEC standard planning related to horticultural lighting is being accelerated at full speed, which holds significant importance for the sustainable development of the horticultural lighting industry. With horticultural lighting providing technical reserves for large-scale grain production in future plant factories, China also regards it as a key industry leading the future agricultural revolution, with an increasing number of supportive policies being rolled out intensively.

在市场端，制约植物照明产业发展的因素除了核心技术之外，成本因素也不可忽视。近年来，随着产业越来越成熟，相关产品的降本提效成果也越来越显著。数据显示，2022年LED植物照明系统均价为8.02万元/套，LED植物照明灯具市场均价为0.65万元/套。而到今年，其均价分别降至7.00万元/套和0.63万元/套，这为市场渗透率的进一步提升带来了新动力。相关机构预测，预计到2024年，仅仅是植物补光设备市场的规模，就将达到57亿美元。

With the rapid development of the horticultural lighting industry in China, companies represented by LED lighting enterprises, leading semiconductor firms, and chip technology innovation startups are seizing opportunities and significantly increasing their investment in the horticultural lighting market . As a result, leading enterprises have emerged across specialized segments including horticultural lighting products, systems, and solutions.

成立于2012年的芯瑞达(002983.SZ)专注于新型显示光电系统和智能健康光源系统的研产销。作为国家级高新技术企业，芯瑞达近年来不断延伸产业链，其业务覆盖新型显示光源、显示光电系统，以及车载显示、商业与智能显示等各种新型高清显示终端。在植物照明领域，早在2017年，芯瑞达的《一种用于植物照明的多色组合LED光源》就获得了国家专利。由于公司在健康智能光源系统有雄厚的技术储备，具备全光谱光源系统设计及工艺技术，可针对不同植物的特性需求进行相应光源的设计，因此在植物照明技术的产业应用上走在了行业前沿。目前，公司旗下包括高光子通量效率在660nm、730nm的红光LED系列产品，已在植物照明市场得到广泛应用。

成立于2001年的朗科智能(300543.SZ)在应用电子技术智能控制、智能电源及新能源产业领域深耕多年。公司旗下拥有三大智能制造产业园，近年来在智能技术升级及科技成果产业化方面成果斐然，其业务涵盖了智能家电、新能源、植物工厂等领域。在植物照明业务板块，朗科智能拥有自主研发的电源管理系统和中央控制系统，可为多个领域的下游客户提供植物照明一体化解决方案，其产品包括电源控制系统、照明灯具和中央控制系统等。由于植物照明是企业近年来增速较快的核心业务，朗科智能的投入力度持续加大。尤其是在进行一系列募资后，企业以合肥产业基地建设为契机，正在加速实现植物照明产业板块的扩容。目前，其核心业务植物工厂管理系统，在高经济作物及室内蔬果种植业领域得到广泛应用。