"Grand View Research, Inc. – Market Research And Consulting."According to a new report published by Grand View Research, a rising focus on an increase in domestic animals to increase livestock production is expected to drive the growth of the market for livestock grow lights.The global livestock grow lights market size is estimated to reach USD 10.4 billion by 2025, growing at a CAGR of 6.8% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. Increasing adoption of smart technology for domestic animal farming and consumption of meat, eggs, and milk is expected to drive the growth of the market. Increasing number of domestic animals, especially in developing economies such as India, China, and Brazil is subsequently necessitating building of new livestock farms. This is driving demand for new installation of grow lights in these countries.
The traditional incandescent light bulbs are increasingly getting replaced by LEDs, which is helping to decrease greenhouse gas emissions. Additionally, LED lights do not generate hazardous waste. Thus, there is an increase in the adoption of LEDs. India has joined other countries such as China and Japan, in achieving a rapid shift to LEDs. Under the new initiative ‘The Domestic Efficient Lighting Program,' India has distributed around six crores LED bulbs. This initiative has resulted in saving of around 1.8 gigawatts of electricity in the past year.
In addition, the governments across countries such as India and the U.S. are taking initiatives for an increase in domestic animal production. This, in turn, is expected to have positive impact on demand for grow lights. For instance, the Government of India is taking efforts to strengthen the infrastructure required for the production, processing, procurement, and marketing of quality milk under the dairy development schemes such National Dairy Plan (Phase-I), National Programme for Dairy Development (NPDD), Dairy Processing and Infrastructure Development Fund (DIDF).
Increasing adoption of new technologies/technology-based products such as automatic incubators for poultry farms is expected to fuel the market growth. The automatic incubators consist of gear-motor-operated panels that enable them to rotate at the appropriate speed to ensure perfect condition for an egg to hatch and incubate successfully. The incubator is designed to regulate incubation humidity and temperature. The presence of LED lights during the incubation improves the chick quality in broiler and white layer eggs, reduces the stress susceptibility of broilers post-hatch, and increases the hatchability rate.
The prominent players operating in the market include Signify Holding (U.K.); HATO BV (Netherlands); Big Dutchman (Germany); OSRAM GmbH (Germany). The market players are mostly focusing on merger and acquisition in order to provide a significant lighting system for animal barns.
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Livestock Grow Lights Market Report Highlights
• Increasing adoption of LED lights in livestock farms is expected to drive the market over the forecast period. LED lights are energy-efficient with one-fifth of the power consumption of incandescent light bulbs
• The cattle segment dominated the market in terms of revenue in 2018. The grow lights in the cattle farms help increase the productivity of milk from dairy cattle
• The new installation segment is expected to witness the highest CAGR over the forecast period owing to the rising livestock population, especially in regions such as Asia Pacific and Europe
• North America held considerable livestock grow lights market share in 2018 owing to early and relatively greater adoption of advanced technologies such as LED lighting in the livestock sector
• The players operating in the market include Once Inc. (U.S.); DeLaval Inc. (Sweden); and Greengage Lighting and Agri-tech (U.K.).
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Livestock Grow Lights Market Segmentation
Grand View Research has segmented the global livestock grow lights market based on type, livestock, installation type, light color type, and region:
Livestock Grow Lights Type Outlook (Revenue, USD Million, 2014 - 2025)
• Fluorescent
• LED
• Incandescent
• High-Intensity Discharge
Livestock Grow Lights Livestock Outlook (Revenue, USD Million, 2014 - 2025)
• Cattle
• Poultry
• Swine
• Others
Livestock Grow Lights Installation Type Outlook (Revenue, USD Million, 2014 - 2025)
• Retrofit
• New-Installation
Livestock Grow Lights Color Type Outlook (Revenue, USD Million, 2014 - 2025)
• Green
• Red
• White
• Blue
Livestock Grow Lights Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Mexico
• Canada
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East & Africa
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Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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