Riding the Wave of Plant Lighting to Welcome the LED Boom

The rise of plant lights has broken the traditional limitations of seasonal and spatial constraints on crop growth, particularly holding significant importance for special cash crops. The rapid development of the plant lighting industry has promoted the cross-border integration of "lighting + agriculture," giving birth to a huge emerging market. Data shows that the global market size of LED plant supplementary lighting equipment grew from 310 million U.S. dollars in 2015 to 1.22 billion U.S. dollars in 2019, with a compound annual growth rate of 40.8%. It is expected that by 2024, the application of LED plant supplementary lighting equipment in modern agricultural production will further expand, and the market size is expected to reach 5.7 billion U.S. dollars.

The vigorous development of the industry has prompted enterprises in the supply chain to continue growing, and numerous influential companies have emerged in subdivided sectors such as plant lighting-related products, systems, and solutions. 顺势而为 (Following the trend), Hua Haode Power has continuously expanded in the field of high-power power supplies by leveraging the momentum of plant lighting. It has now become a specialized and new "little giant" in the LED power supply field, wielding considerable influence in the domain of LED driving power supplies.

A reporter went deep into Hua Haode and conducted an in-depth interview with Deputy General Manager Chen Hao, starting from the challenges and opportunities in the market to explore the success secrets of Hua Haode's outstanding performance in the field of high-power LED power supplies. Founded in 2011, Hua Haode initially focused on the R&D and production of indoor commercial lighting power supplies for the North American market. By 2016, it had achieved remarkable results in indoor commercial lighting power supplies for panel lights, three-proof lights, etc., in the North American market. 2017 marked a key turning point for Hua Haode. To comply with market demands, it initiated its first strategic transformation. Combining market trends with its own development plan, it determined to focus on outdoor high-power lighting driving power supplies in the future. Based on this strategic decision, the company resolutely abandoned its existing indoor commercial lighting business and embarked on a path of self-innovation and renovation. By 2019, Hua Haode had basically completed the R&D of outdoor high-power waterproof power supplies, mastered core technologies, and laid a solid foundation for subsequent development.