Research Nester published a report titled “Grow Light for Poultry Farming Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global grow light for poultry farming market in terms of market segmentation by type, installation, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global grow light for poultry farming market is estimated to occupy a sizeable revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the rising demand and consumption of poultry products, increasing advancements related to poultry farming and growing adoption of smart poultry farming techniques. Apart from these, surge in promotion of usage of energy efficient devices for poultry by government is also expected to drive market growth in the forthcoming years.
The market is segmented by type and installation. Based on type, the light-emitting diode (LED) segment is anticipated to witness the fastest growth during the forecast period on the back of high energy efficiency and longer durability of these lights. Additionally, by installation, the segment for new installation is expected to observe a significant CAGR during the forecast period ascribing to the rising installation of modern grow lights by poultry farmers.
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Geographically, the global grow light for poultry farming market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the presence of large poultry livestock and growing production of poultry grow lights in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Consumption and Demand for Poultry Products to Drive Market Growth
It is estimated that the poultry meat consumption in the year 2030 will grow up to more than 150 kilotons. The value is calculated at almost 133 kilotons in 2021. The demand for poultry eggs, meat and related products is projected to increase significantly as a result of population growth and rise in individual consumption across the world. This is considered to be a crucial factor driving market growth in the near future.
However, less awareness about smart poultry in lower economic regions is expected to operate as key restraint to the growth of the global grow light for poultry farming market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global grow light for poultry farming market which includes company profiling of AGRILIGHT BV, OSRAM Opto Semiconductors GmbH, General Electric Company, Signify Holding, Illumitex Inc, Gavita International B.V., Hawthorne Gardening Company, Heliospectra AB, Lumileds Holding B.V, LumiGrow Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global grow light for poultry farming market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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