LED Sector Seizes Plant Lighting Opportunities Amid Greenhouse and Vertical Farm Revival

Amid a global rebound in greenhouse and vertical farming demand, the LED plant lighting market has shown strong signs of recovery, injecting new growth momentum into Taiwan’s LED supply chain. Taiwan-based LED powerhouse Fitipower Technology Holdings has identified plant lighting as a key strategic area, with its subsidiary EPISTAR serving as a crucial chip supplier for horticultural lighting solutions.

Fitipower reported double-digit growth in its plant lighting segment last year and remains optimistic about stable demand this year. At the recent Touch Taiwan exhibition, the group showcased a variety of horticultural lighting applications, highlighting its integrated capabilities across design, chip production, packaging, and system integration.

Packaging leader Everlight Electronics and high-power LED specialist Edison Opto , both listed companies, are also leveraging their expertise in LED packaging, chips, modules, and niche applications. They are providing tailored spectral formulas and high-efficiency lighting solutions designed specifically for plant growth, aiming to capture a share of the rapidly expanding horticultural lighting market.

Market research firm TrendForce forecasts that the global LED plant lighting market reached approximately USD 1.315 billion in 2024. Factors driving this growth include improvements in LED luminous efficacy, significant energy-saving benefits, maturation of tunable spectrum technologies, and increased investment worldwide in localized food supply chains and emerging agricultural technologies. TrendForce projects the market to grow to around USD 2.056 billion by 2029, representing a compound annual growth rate (CAGR) of 9.4% from 2024 to 2029.

Currently, greenhouse applications account for more than 60% of the market, driven primarily by the replacement of traditional high-pressure sodium (HPS) lamps with high-power LEDs. Additionally, small- and medium-sized vertical farms—catering to local production and high-value crop cultivation—are viewed as a high-growth segment. TrendForce estimates this sub-sector could achieve a CAGR of approximately 13.1%, making it a focal point for LED manufacturers seeking to innovate and expand their horticultural lighting portfolios.

With Taiwan’s LED firms actively developing advanced spectra, modular systems, and energy-efficient platforms, the island remains well positioned to support the next phase of growth in plant lighting, serving both domestic agricultural needs and global horticultural markets.