In an article for the Washington Post, Navigant Research highlights the environmental impacts and increase use of LED lights for indoor farming
Several technological advances have enabled a recent shift in agriculture. Innovations in LED lighting are allowing plants to be grown commercially indoors without sunlight. As a result, high-tech plant factories are popping up around the world, attracting entrepreneurs and investors as a way to confront climate change, disrupt the status quo, and utilize new technologies.
In an article for The Washington Post, Krystal Maxwell, senior research analyst at Navigant Research, and Courtney Marshall, research analyst at Navigant Research, said LED lighting can be used in a cost-effective way for indoor agriculture.
According to Maxwell, shipments of LEDs to growers worldwide are expected to grow at an annual average rate of 32% until 2027, and are expected to overtake those of legacy lights starting next year.
Marshall added that LED-driven vertical farms, where plants are grown in stacked layers, can be one of the most lucrative forms of agriculture. “Based on manufacturers and growers I have talked to, that’s where the money is,” she said.