Livestock and Aquaculture LED Lighting Market Size, Trends, Share, And Forecast to 2031

Research Nester has released a report titled Livestock and Aquaculture LED Lighting Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

In one of the statistics by the Food and Agricultural Organization (FAO), the food consumption of meat worldwide touched 41.3 kg/capita in the year 2015 up from 24.2 kg/capita during 1944-1966. Further, by the end of 2030, this is expected to touch 45.3 kg/capita.

The statistics portray the growing consumption of meat and meat products worldwide. This can majorly be attributed to the surge in population globally. Further, backed by the increasing demand for meat and fish, there is a rising need amongst the cultivators to increase their production by using sustainable agriculture practices. Such a factor is therefore anticipated to drive the demand for LED fixtures as these fixtures help to promote the growth of the living organisms that are under cultivation.

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The global livestock and aquaculture LED lighting market is anticipated to grow with a CAGR of 7.4% during the forecast period, i.e., 2022 – 2031.  The market is estimated to garner a revenue of USD 9745.9 Million by the end of 2031. Additionally, in the year 2021, the market generated a revenue of USD 4811.1 Million. The market is segmented by product type into LED bulb, LED tube light, and LED fixtures. The LED tube light segment, out of all the other segments, is projected to garner the largest revenue of USD 4313.6 Million by the end of 2031. Additionally, the market generated a revenue of USD 2123.6 Million in the year 2021.

By region, the global livestock and aquaculture LED lighting market is segmented into North America, Europe, Asia Pacific, and Rest of World region. The market in the Asia Pacific, out of the market in all the other regions, is anticipated to garner the largest revenue of USD 3922.7 Million by the end of 2031. Additionally, the market generated a revenue of USD 1977.4 Million in the year 2021.

The research is global in nature and covers detailed analysis on the market 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, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the limited awareness about the availability of smart lighting technologies, along with the high cost of LED lights are projected to hinder the growth of the market in the coming years.

This report also provides the existing competitive scenario of some of the key players of the global livestock and aquaculture LED lighting market, which includes company profiling of DeLaval, Big Dutchman, Les éclairs CBM inc., Aruna Lighting Holding B.V., HATO Agricultural Lighting, Sunbird Lighting Pty Ltd, Greengage Agritech Ltd., LED Livestock ApS, Fienhage Poultry-Solutions GmbH, Uni-light LED, J&D Manufacturing, Erilon, Agrilux (Thies Electrical Distributing Co. Inc.), Agri-Light Energy Systems Ltd., Once Inc., Shenzhen Hontech-Wins Electronics Co., Ltd., Lely International N.V., Adolf Schuch GmbH, Gasolec B.V., and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Livestock and Aquaculture LED Lighting Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global livestock and aquaculture LED lighting industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global livestock and aquaculture LED lighting market in the near future.

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