SOUTH KOREA HORTICULTURE LED LIGHTING MARKET

INTRODUCTION

Horticulture lighting is the use of artificial lighting fixtures to stimulate plant development when natural light is unavailable. Horticulture LEDs are solid-state light sources that emit photosynthetically active radiation (PAR) in the 400-700 nanometer (nm) range to induce photosynthesis in plants.

LEDs may also be utilized for production lighting in controlled situations, as well as supplementary and photoperiod illumination in greenhouses, however these applications are still in the works. Controlling spectral quality is also important for plant display lighting.

SOUTH KOREA HORTICULTURE LED LIGHTING MARKET SIZE AND FORECAST

The South Korea horticulture LED lighting market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

SOUTH KOREA HORTICULTURE LED LIGHTING MARKETNEW PRODUCT LAUNCH

Vertical Farm Built in a Tunnel with LED Lighting in South Korea. In South Korea, an abandoned tunnel has been converted into a vertical farm using LED growing lights to grow fruits and vegetables as a way to address challenges brought on by the harsh weather and a lack of agricultural area and labour.

A closed tunnel in Okchean, South Korea, was rented by NextOn, an indoor farming business, and it was transformed into a smart farm by installing vertically stacked layers for hydroponically growing crops with LED illumination. The business claims that it is the first tunnel-based indoor vertical farm in the world and the largest in the nation at 2300 square meters.

Using NextOn's growing method, the farm grows sixty different species of corps. The temperature in the tunnel is between 10 and 22 degrees Celsius (50 and 72 degrees Fahrenheit), according to Choi Jae Bin, head of NextOn, which is adequate to optimize the growth conditions for the crops.

With the dilemma of global warming and the diminishing population working in agriculture, smart farms using LED lighting technology and systems are seen as a viable solution for sustainable food production.

The tunnel was constructed in 1970 for a significant South Korean highway and was abandoned in 2002. NextOn has reduced the cost of its development by half by using the abandoned tunnel. The farm has begun selling its produce to a grocery store chain and a chain of bakeries.

SOUTH KOREA HORTICULTURE LED LIGHTING MARKETCOMPANY PROFILE

• Nichia
• Bridgelux, Inc
• Avnet
• Nexsel
• Illumitex
• SST Lighting

SOUTH KOREA HORTICULTURE LED LIGHTING MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many South Korea horticulture LED lighting are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a South Korea horticulture LED lighting and key vendor selection criteria
3. Where is the South Korea horticulture LED lighting manufactured? What is the average margin per unit?
4. Market share of South Korea horticulture LED lighting market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea horticulture LED lighting in-house
6. key predictions for next 5 years in South Korea horticulture LED lighting market
7. Average B-2-B South Korea horticulture LED lighting market price in all segments
8. Latest trends in South Korea horticulture LED lighting market, by every market segment
9. The market size (both volume and value) of the South Korea horticulture LED lighting market in 2024-2030 and every year in between?
10. Production breakup of South Korea horticulture LED lighting market, by suppliers and their OEM relationship