As LED applications gradually shift towards biology, medical, and health related market sectors, LED grow light applications large market potential has been recognized by the industry, according to a report from CALI. Chinese and international companies have entered the LED grow light market, with traditional lighting manufacturers Philips, Mitsubishi Chemicals, Seoul Semiconductor, Everlight, and Showa Denko all contending for market shares. The LED grow light industry is still mainly led by large multinational companies that have sufficient financing, advanced technology, and strong awareness of market deployment strategies.