Technavio’s latest market research report on the global livestock grow
lights market predicts the market to witness a CAGR of over 6% during
the forecast period. This research report segments the market by product
(fluorescent, LED, incandescent, HID), type (cattle, poultry, swine, and
others), and geography (APAC, North America, Europe, South America, and
MEA).
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Technavio has published a new market research report on the global livestock grow lights from 2019-2023. (Graphic: Business Wire)
Development of energy-efficient livestock grow lights
Livestock production often involves adverse conditions including high
humidity and increased levels of dust and ammonia which poses a threat
to modern lighting systems as it reduces the life of the lighting
products. This has encouraged livestock grow light manufacturers to
introduce damp-proof, ammonia-resistant, and energy-efficient lights.
Many of these energy-saving damp-proof lights have a special coating
which protects the lights from dust and insects while reducing heating.
This helps to maximize energy efficiency. These lights deliver a high
lumen output which makes them a viable choice in optimizing livestock
production and improving animal health and behavior. Therefore, rising
initiatives toward the development of energy-efficient livestock grow
lights will boost the global
livestock grow lights market during the next few years.
Fluorescent grow lights product segment will witness the highest
share.
The fluorescent grow lights segment accounted for the highest market
share due to their increased adoption as they have a longer shelf-life
and last longer as compared to conventional lights. Fluorescent lamps
are often classified into compact fluorescent lamps (CFL) bulbs,
fluorescent tube lamps, and cold cathode fluorescent lights (CCFL).
These lamps are popular among modern consumers as they use 75% less
energy than incandescent bulbs and often last approximately 10 times
longer than conventional bulbs.
“CCFLs often operate at lower temperatures and are compatible with
different types of dimmers. In addition, fluorescent lights are
increasingly being used as standard illumination for poultry production
in the US owing to their high energy efficiency and longer lifespan when
compared to conventional lights being used for livestock management,”
says a senior research analyst at Technavio
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Livestock grow lights market to account for fastest growth in the
APAC region.
Livestock plays a key role in the economic development as it enhances
the lives of farmers in emerging economies of the APAC region. In
addition, the growth in disposable income and purchasing power among
these economies will lead to an increase in the demand for animal
products including eggs and meat. Therefore, the growing demand for
livestock grow lights is directly proportional to the livestock
production in the region. The growing production of livestock in the
emerging economies, will boost the demand for grow lights which are
emerging as a cos-efficient lighting solution for pig farms and other
habitats required for the rearing of poultry and cattle.
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the global
livestock grow lights market analysis include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005648/en/