Press release
Soaring Demand in Livestock Productivity Drives The Global Livestock Grow Lights Market Towards a Projected $10.4 Billion by 2029
Livestock Grow Lights Market Growth
Riding on the back of enhanced agricultural lighting solutions and demand for tailored solutions, the global livestock grow lights market is set to experience robust CAGR of 7.7% for the next few years.
What Is The Projected Market Size Of The Global Livestock Grow Lights Market And Its Growth Rate?
Growth indicators for the global livestock grow lights market are promising:
• The market that stood at $7.17 billion in 2024 is projected to reach $7.72 billion in 2025, recording a CAGR of 7.7%.
• Key forces behind this strong growth include enhanced spectrum and wavelength control, focus on animal welfare, and tailored solutions for specific livestock amongst others.
• Looking further ahead, the market size is expected to nearly double to $10.4 billion by 2029, again at a CAGR of 7.7%.
• Future market trends include indoor farming expansion, focus on energy efficiency, and research in animal behavior.
What Is Driving The Growth In The Livestock Grow Lights Global Market Report 2025?
A key driver of the livestock grow lights market is the rise in livestock productivity, defining how efficiently livestock are raised for various outputs such as meat, eggs, or wool. Livestock productivity can significantly be boosted using grow lights, which emulate natural light creating physiological effects on livestock. For instance, dairy output hit 930 million tons in 2022 according to the Food and Agriculture Organization, marking a 0.6% rise from 2021. Therefore, increase in livestock productivity accompanies growth of the livestock grow lights market.
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Who Are the Key Players Driving Livestock Grow Lights Global Market Report 2025 Growth?
Noteworthy players in the livestock grow lights market include:
• Fienhage Poultry Solutions GmbH
• Greengage Lighting & Glo-bulb Company
• HATO Agricultural Lighting
• Shenzhen Hontech-Wins Electronica Co. Ltd.
• Sunbird Poultry Lighting Systems Ltd.
• Big Dutchman AG
• Aruna Lighting
What Are The Key Trends In The Livestock Grow Lights Global Market Report 2025?
Important trends in the market include:
• Expansion into indoor farming
• Focus on longevity and durability
• Integration of UV lighting
• Customized lighting solutions
• Research in animal behavior
What Are The Segments Of The Global Livestock Grow Lights Global Market Report 2025?
The market segments covered in the report include-
1) By Type: Fluorescent, LED, Incandescent, High-Intensity Discharge
2) By Livestock: Cattle, Poultry, Swine, Others
3) By Color: Green, Red, White, Blue
4) By Installation: Retrofit, New-Installation
Which Region Leads The Livestock Grow Lights Global Market Report 2025?
Asia-Pacific was the largest region in the livestock grow lights market in 2024. The other regions covered in the report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Livestock Grow Lights Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Livestock Grow Lights Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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