Global LED Lighting Market is Expected Surpass Valuation of USD 127.42 billion by 2028 | Growing Trends of Artificial LED Lighting in Farming – GlobeNewswire

October 24, 2022 by No Comments

Westford, USA, Oct. 20, 2022 (GLOBE NEWSWIRE) — LED lights are being adopted worldwide for their energy efficiency and the reduction of negative effects on the environment. In households, almost 10% of energy usage is accounted for lighting and in commercial premises, it accounts for a range between 18% to 40%. LED lights are more efficient than fluorescent lights. LED lights convert 95% of the energy into light and waste only 5% to heat, as compared to fluorescent lights which convert 95% to what and only 5% was turned into light. This subsequently leads to a reduction in greenhouse gas emissions and drives the LED lighting market.

It is expected that by 2030 87% of the lighting globally will be LED lighting.  LED lights last between 30,000 to 50,000 hours as opposed to conventional lights which last between 8,0000 to 30,000 hours. LED lights are facing a demand globally as new and improved innovations make rounds in the LED lighting market.

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Top 5 Innovations in LED Lighting Market

  1. IoT-based “Smart” Lighting: Various innovations in the LED market. Now smart lighting can be used to create a schedule to turn on and off lights and remove any extra use of energy sources. The smart LED bulbs now come with software that can be connected to an application or any smart home assistant device. It gives the flexibility to control the lights remotely. LED bulbs are used for intelligent lighting which uses 75% less energy than traditional bulbs and last 25 times longer.
  2. Artificial LED lights in farming: Artificial LED lights are used in indoor farming, like horticulture where farmers can supplement natural daylight using such lights for turning up the quality of the yield and increasing the quantity. The LED grow lights used in farming can help in retaining the unique properties of crops, maintain their nutritional values, and enhance their flavors. LEDs provide the right amount of heat-light balance by helping improve the propagation of vegetables, fruits, and floriculture crops in a climate-controlled environment. LED lights are also maintaining a cooler temperature.
  3. LED in automobiles: Advanced Front Lighting System is the trendiest approach when it comes to the digitalization of cars. LED lights are used in the cars’ door lights, resign lights, telematics, dashboards, climate control systems, and so on. In 2021, Seoul Semiconductor Co. introduced a wafer-integrated-chip-on-PCB (WICOP) which consumes 20% less power and dissipates heat by 40% in electric vehicles. This is a significant factor which can push the LED lightning market to grow exponentially.
  4. Human Centric LED lighting: Architectures, designers, and builders are understanding the effects of light on humans, and human-centric lights are being adopted to help workers become more efficient and productive. The educational institution used LED-based HCL lights to keep students alert and comfortable. Healthcare uses the correct color temperature to keep the workers alert and patients comfortable in their rooms. Aircraft too used LED-based HCL which provides customization lights during their flight activities like boarding, meal times, sleep, and to alter passengers about landing and so on. This innovation has given a massive push to the growth of the LED lighting market.
  5. LiFi: This lighting technology gives high-speed, wireless data communication which is faster than Wifi connectivity. LEDs that are integrated with IoT can be used to provide light as well as transmit data. High-quality speed up to 30 MBPS is proved by Lifi using ultraviolet, infrared and visible, light waves. Machine-type communications will increase the use …….



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