Svaberget Smolt located in Norway equipped its lighting systems with Signify Holding. The aquaculture lighting solutions are patented to control the growth and life cycle of land-based farming salmon.
Signify Holding supplied the Kingfish Company with Philips Aquaculture photoperiodic LED lighting products which optimize the growth of fish and feed conversion at the world’s first sustainable land-grown aquaculture for Yellowtail-fishes.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4068
Published Date: Apr 25, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increasing adoption of smart livestock farming and aquaculture practices and the numerous benefits associated with LED lighting are the major factors driving the market growth.
The market size of livestock and aquaculture LED lighting is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.
The limited awareness about the availability of smart lighting technologies, along with the high cost of LED lights are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, watt, installation, distribution channel, application, and by region.
The LED tube light segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.