Grow Light for Poultry Farming Market Share | Demand Analysis & Opportunity Outlook 2030

Market Segmentation

Our in-depth analysis of the global grow light for poultry farming market includes the following segments:

By Type

Light-Emitting Diode (LED)
Incandescent
Fluorescent
Hid

By Installation

Retrofit
New

Growth Drivers

Increasing Consumption and Demand for Poultry Products
Growing Adoption of Smart Poultry Farming Practices Worldwide

Challenges

Lack of Awareness about Smart Poultry Farming in Lower Economic Regions

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Global Grow Light for Poultry Farming Market Regional Synopsis

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On the basis of geographical analysis, the global grow light for poultry farming market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to grab the largest share and witness noteworthy growth over the forecast period on the back of presence of large poultry livestock and increase in the production of grow lights in the region. In 2019, China had the largest poultry bird stock in the Asia Pacific, with a stock of more than 6 billion. Bhutan also observed a hike in its poultry livestock that year, valued at about 1.4 million. Along with these, rising emphasis of manufacturers on manufacturing poultry grow lights that can last longer duration, is also predicted to expand the region’s market in the forthcoming years. Moreover, the market in Europe is also assessed to occupy a notable share in the market during the forecast period in view of the strong presence of prominent market players and rising emphasis on a healthier poultry in the region.

The global grow light for poultry farming market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

AGRILIGHT BV
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

OSRAM Opto Semiconductors GmbH
General Electric Company
Signify Holding
Illumitex Inc
Gavita International B.V.
Hawthorne Gardening Company
Heliospectra AB
Lumileds Holding B.V
LumiGrow Inc.

In The News

April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the grow light for poultry farming market?

Ans: The major factors driving market growth are increasing consumption and demand for poultry products and growing adoption of smart poultry farming practices worldwide.

2) What would be the CAGR of grow light for poultry farming market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the grow light for poultry farming market growth?

Ans: Lack of awareness about smart poultry farming in lower economic regions is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of grow light for poultry farming market in future?

Ans: Asia Pacific will provide more business opportunities to the market owing to the presence of large poultry livestock and increasing production of grow lights in the region.

5) Who are the major players dominating the grow light for poultry farming market?

Ans: The major players in the market are AGRILIGHT BV, OSRAM Opto Semiconductors GmbH, General Electric Company, Signify Holding, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the grow light for poultry farming market?

Ans: The market is segmented by type, installation, and by region.

8) Which segment captures the largest market size in the type segment in the grow light for poultry farming market?

Ans: The LED segment is anticipated to hold largest market size in value and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

Grow Light for Poultry Farming Market