Livestock and Aquaculture LED Lighting Market Analysis

Product Type Segment Analysis

The global livestock and aquaculture LED lighting market is segmented and analyzed for demand and supply by product type into LED bulbs, LED Tube lights, and LED fixtures. Out of the three types of livestock and aquaculture LED lighting market the LED bulbs segment is estimated to gain the largest market share of about 42% in the year 2035. The growth of the segment can be attributed to the increasing use of LED bulbs in chicken farms owing to benefits such as less power consumption. The high quality and energy saving with 25 times long-lasting compared to LED tube lights. The percentage of households that used LED light bulbs during 2015-2020 increased from 4% to 45% in the U.S. The rising use of aquaculture is driving market segment growth with increasing consumption of fish and other sea foods. Also, the percentage of people consuming meat around the world is growing day by day is propelling the market segment growth.

Application Segment Analysis

The global livestock and aquaculture LED lighting market is also segmented and analyzed for demand and supply by application into aquaculture and livestock. Amongst these segments, the livestock segment is expected to garner a significant share of around 56% in the year 2035. The amount of people consuming animal products for weight loss and keto diets is rising across the globe which is driving the market segment growth. The growing consumption of dairy products, use of animal fur, and animal parts in various industries are driving the market segment growth in the coming years. The increasing use of LED in livestock for enhancement of production, and maintenance of livestock health. Even, LEDs are used in storage barns for energy saving, better light control, and longevity is driving the market segment growth.

Our in-depth analysis of the global market includes the following segments: