Global Livestock and Aquaculture LED Lighting Market Size, Share, Growth and Forecast Analysis Report

Livestock and Aquaculture LED Light are electric lamps beneficial for enhancing the growth in livestock. These lights are the artificial source of light that helps optimize light management for livestock, thereby improving their overall productivity. Additionally, regular exposure of animals to the LED grow light improves their health and fertility too.

The Global Livestock and Aquaculture LED Lighting Market is likely to grow at a CAGR of 7% during 2021-26. The market growth factors include the mounting consumption of animal-based products and rising focus on the growth and productivity of livestock. In addition to this, the rapid adoption of smart farming practices and the introduction of advanced technology are other critical factors likely to fuel the overall market growth in the forecast period.

Further, the rising trend of commercial livestock farms offers profitable opportunities to the Global Livestock and Aquaculture LED Lighting Market during the forecast period. However, a lack of awareness about smart livestock farming practices in emerging countries shall hamper the market.

The leading players of 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.

Globally, Asia Pacific acquired the largest share in the Global Livestock and Aquaculture LED Lighting Market in the previous few years due to the abundant presence of livestock in the region resulting in burgeoning demand for large-sized farms. In addition to this, the rising livestock population leads to an increasing need for new livestock farms, thereby propelling the overall market growth.

However, Europe holds the second-largest share in the global market. It is very likely to register the fastest growth during 2021-26 due to the rapid adoption of smart livestock practices in the region, thereby augmenting the farmers’ profit.

With the mounting global population and surging consumption of animal-based products across various nations, the need to adopt smart livestock farming practices like livestock and aquaculture LED lighting has significantly increased. Hence, these factors are very likely to boost the growth of the Global Livestock and Aquaculture LED Lighting Market in the years to come.

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