Modern agriculture, with the use of artificial lighting, requires high-intensity LED luminaires with compact dimensions. In this regard, new approaches to the design of LED luminaires using both new materials and technical solutions have been considered. The theoretical evaluation of the influence of different materials on the efficiency of removal of thermal energy from LEDs was shown. A new material PMS-5 is proposed and evaluated as an immersion liquid, which can be used as an effective heat sink in the lower part of the luminaire up to the level of LEDs located in the top light LED luminaires. The proposed polymethylsiloxane PMS-5 liquid has more than twice the thermal conductivity (0.167 W/(m·K)) of HFE7200 and NS15 liquids used in immersion-cooled LED luminaires. Based on the theoretical evaluation, the requirements for parameters, such as metal profile area, immersion liquid volume, wall thickness area, and external area of the cylinder, are highlighted and shown. The noted parameters have a key role in the design of an efficient top light LED luminaire. It has been shown that the design of the metal profile significantly affects the efficiency of the removal of thermal energy from LEDs and it is necessary to use specialized profiles optimized for the diameter of the LED luminaire cylinder. A number of LED luminaire designs were proposed, depending on the thermal properties of the construction materials, technical and economic performance, as well as actual operating and installation conditions. The analysis of the presented theoretical evaluations allowed overlay of the design basis of LED luminaires within the presented concept and top light.