Global Livestock and Aquaculture LED Lighting Market Research Report: Forecast (2021-2026)

Market Overview

A Livestock and Aquaculture LED Lighting is the artificial light provided to the livestock and aquaculture for their development and growth. It is beneficial for modifying their physiological & biological responses, including reproduction and milk production.

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 around 7% during 2021-26. The market growth attributes to the innovation of advanced technologies and the mounting adoption of smart livestock farming and aquaculture practices. Additionally, the surging consumption of animal-based products and the increasing concerns regarding the growth and welfare of livestock to enhance their productivity boost the demand for LED lights in livestock, thereby fueling the Livestock and Aquaculture LED Lighting Market growth across the globe.

Impact of COVID-19

The outbreak of the COVID-19 pandemic has adversely affected the growth of the Global Livestock and Aquaculture LED Lighting Market. The imposition of lockdown has affected the entire food supply chain, especially livestock production. Additionally, the shutdown of processing plants and rising concerns of the spread of disease due to proximity has led to a decline in the number of workers, which, in turn, has affected the production capacity, thereby negatively influencing the market growth.

Market Segmentation

LED Bulb Accounted for the Largest Market Share

Based on the Product Type, the market divides into LED Bulb and LED Tube Light. Of these two, the LED Bulb captured a significant share in the market in the previous few years. It owes to the properties exhibited by LED Bulbs, such as energy savings and durability. It is the most energy-efficient product, enabling farmers to create a lighting environment best suited for livestock’s wellbeing. Hence, these factors lead to the accelerating segment growth, cites MarkNtel Advisors in their research report, “Global Livestock and Aquaculture LED Lighting Market Analysis, 2021.”

LED Bulb Dominated the Market

Based on Installation, the market bifurcates into Retrofit and New Installation. Of these two, the Retrofit attained the highest share in the Global Livestock and Aquaculture LED Lighting Market in the past few years. Retrofit is a cost-effective and fast method, as it is a temporary solution. It offers supplemental light beneficial for enhancing the quality of plants and minimizing their labor & maintenance costs.

Regional Landscape

Asia Pacific Region Attained the Highest Market Share

Geographically, Asia Pacific held the largest share in the Global Livestock and Aquaculture LED Lighting Market in the previous few years. It owes to the abundant availability of livestock, resulting in high demand for large-sized farms. The rising livestock population results in the increasing demand for new livestock farms. In addition to this, mounting disposable income and snowballing purchasing power of people has aided the need for animal-based products like meat and eggs, thereby propelling the market growth.

Market Driver

Remarkable benefits associated with LED Lighting Boost the Market Growth

The Livestock and Aquaculture LED Lighting offer a wide range of benefits over conventional lighting technologies, such as energy efficiency, longer life, and increasing cost competitiveness. These factors have boosted the demand for long-lasting lighting and cost-effective solutions for livestock and aquaculture, thereby augmenting the overall market growth.

Competitive Landscape

According to MarkNtel Advisors, the 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.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Livestock and Aquaculture LED Lighting Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Livestock and Aquaculture LED Lighting Market? 
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Livestock and Aquaculture LED Lighting Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Livestock and Aquaculture LED Lighting Market study?  

Market Outlook, Segmentation and Statistics:

• Impact of COVID-19 on Global Livestock and Aquaculture LED Lighting Market
• Market Size & Analysis
  • By Value
  • By Volume
• Market Share & Analysis
  • By Product Type
    • LED Bulb
    • LED Tube Light
  • By Watt
    • Below 100W
    • 100W-200W
    • 200W-300W
    • 300W-400W
    • Above 400W
  •  By Installation
    • Retrofit
    • New Installation
  • By Application
    • Livestock Lighting
      • Poultry
      • Cattle
      • Pig/Swine
    • Aquaculture Lighting
      • Fish
      • Shellfish
      • Algae
      • Others (Crustaceans and Mollusks)
  • By Distribution Channel
    • Distributors and Dealers/Retailers
    • Online
    • Direct Sales
  • By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia-Pacific
  • By Competitors
    • Competition Characteristics
    • Market Share & Analysis
    • Competitive Matrix
• Global Livestock and Aquaculture LED Lighting Market Hotspots & Opportunities
• Global Livestock and Aquaculture LED Lighting Market Regulations & Policy
• Key Strategic Imperatives for Success and Growth
• Global Competition Outlook
  • Competition Matrix
  • Company Profile