Global Grow Light for Poultry Farming Market Highlights 2022 – 2030
The global grow light for poultry farming market is estimated to garner a sizeable revenue and grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand and consumption of poultry-based products, increasing adoption of smart poultry farming practices, and rising technological advancements regarding poultry farming. For instance, the poultry meat consumption in the year 2030 is expected to rise up to more than 150 kilotons, which is calculated at almost 133 kilotons in 2021. Apart from these, escalating awareness associated with appropriate lighting to manage a healthy and productive flock in several developing nations is also projected to drive market growth in the near future. Furthermore, government agencies in many countries are extensively involved in the promoting the use of energy efficient devices for poultry, which in turn is expected to provide ample growth opportunities to the market in the upcoming years.
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The market is segmented by type into light-emitting diode (LED), incandescent, fluorescent, and hid, out of which, the light-emitting diode (LED) segment is anticipated to witness the fastest growth in the global grow light for poultry farming market on account of LED’s properties such as longer durability and high energy efficiency. In addition, LED lights are able to offer a wide range of spectrum that can be customized as per the poultry requirements, which is considered to be another factor driving market growth by the end of 2030. Additionally, on the basis of installation, the segment for new installation is evaluated to observe a significant CAGR over the forecast period owing to the growing installation of modern grow lights by poultry farmers around the world.
Global Grow Light for Poultry Farming Market Regional Synopsis
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
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
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.
