Global Livestock and Aquaculture LED Lighting market likely to grow at a CAGR of 7% during 2021-26

According to MarkNtel Advisors’ research report, “Global Livestock and Aquaculture LED Lighting Market Analysis, 2021,” the market is likely to grow at a CAGR of 7% during 2021-26 due to the burgeoning consumption of animal-based products. Livestock and Aquaculture LED Lighting helps increase hours of natural daylight beneficial for improving animal’s health.

In addition to this, mounting focus on domestic animals to encourage producing livestock-based products is another critical factor likely to accelerate the market growth across the globe. Further, the mounting population of livestock and the introduction of new technologies like low-energy LED lights are also very likely to enhance productivity in the livestock industry, which will help farmers gain more revenue. 

Key questions answered in the study: 

1. What are the current and future trends in the Global Livestock and Aquaculture LED Lighting market? 
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Livestock and Aquaculture LED Lighting market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Livestock and Aquaculture LED Lighting market service providers across various regions? 

Cattle Accounted for the Largest Market Share 

Based on the Application, the market divides into Livestock Lighting and Aquaculture Lighting. The livestock segment further bifurcates into Poultry, Cattle, and Pig/Swine. Of these three, the Cattle Segment acquired the largest share in the Global Livestock and Aquaculture LED Lighting Market in the previous few years. The segment growth owes to the rising number of cattle. Along with this, the surging cattle production across the world fuels the demand for livestock LED light. The livestock LED light is beneficial for enhancing the milk production in dairy cattle and helps in encouraging the muscle growth of animals to increase the production of meat, thereby boosting the segment growth. 

“Global Livestock and Aquaculture LED Lighting Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Livestock and Aquaculture LED Lighting providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing measuring their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings. 

Europe Exhibits Fastest Growth

Europe is likely to register the fastest growth in the Global Livestock and Aquaculture LED Lighting Market during 2021-26 due to the rapid adoption of smart livestock practices to spur farmers’ profit. In addition to this, rising demand for animal products like meat and high-quality dairy products is likely to fuel the usage of livestock and aquaculture LED lights in the livestock barns to enhance their productivity in the coming future, reveals MarkNtel Advisors in their research report, “Global Livestock and Aquaculture LED Lighting Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the Global Livestock and Aquaculture LED Lighting Market are Osram Licht AG, Koninklijke Philips N.V., DeLaval, Once Inc., HATO Agricultural Lighting, Shenzhen Hontech-Wins Electronics Co., Ltd., CBM Lighting, Fienhage Poultry-Solutions GmbH, Sunbird Poultry Lighting Systems, and Planet Lighting.

Market Segmentation:

1. By Product Type (LED Bulb, LED Tube Light)
2. By Watt (Below 100W, 100W-200W, 200W-300W, 300W-400W, Above 400W)
3. By Installation (Retrofit, New Installation)
4. By Application (Livestock Lighting [Poultry, Cattle, Pig/Swine], Aquaculture Lighting [Fish, Shellfish, Algae, Others (Crustaceans and Mollusks)])
5. By Distribution Channel (Distributors and Dealers/Retailers, Online, Direct Sales)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
7. By Country (U.S, Canada, Brazil, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, Australia, South Korea, UAE, Saudi Arabia, South Africa)
8. By Competitors (Osram Licht AG, Koninklijke Philips N.V., DeLaval, Once Inc., HATO Agricultural Lighting, Shenzhen Hontech-Wins Electronics Co., Ltd., CBM Lighting, Fienhage Poultry-Solutions GmbH, Sunbird Poultry Lighting Systems, Planet Lighting)