The LED grow light market is poised for sustained growth, driven by a technology-policy synergy that fuels innovation and adoption. With a projected $2.056 billion market by 2029 and a 9.4% CAGR, the industry is a cornerstone of agricultural modernization. Chinese firms are reshaping the global landscape through cost leadership, scenario adaptation, and energy synergy, challenging international giants. However, success hinges on navigating technical standardization, competitive pressures, and regional policy differences. As light recipes become the “key to future agriculture,” firms mastering technology, energy, and market integration will lead the race.
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