Livestock Grow Lights Market is projected to grow at a CAGR of XX% to reach US$XX billion by 2024, from US$XX billion in 2018. Rising adoption of smart livestock farming practices is one of the major drivers of livestock grow lights market. Increasing demand for livestock-based products is significantly driving the demand for grow lights to increase livestock productivity. By type, LED segment will witness a significant CAGR during the projected period owing to higher efficiency, longer durability and low cost. Geographically, livestock grow lights market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America holds major market share owing to rapid adoption of smart technologies in livestock farming and unfavorable climatic conditions which encourages the use of artificial grow lights for livestock production.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Livestock Grow Lights Market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Livestock Grow Lights Market.
Major industry players profiled as part of the report are OSRAM GmbH, Uni-lightled.com., HATO, and Shenzen Ohmax Optoelectronic Lighting Co. Ltd among others.
Segmentation
The Livestock Grow Lights Market has been analyzed through following segments:
By Livestock
Poultry
Cattle
Swine
Others
By Type
LED
Fluorescent
Incandescent
High-Intensity Discharge (HID)
By Geography
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
UK
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
Australia
Others
Target audience
Manufacturers
Suppliers
Distributors
Service Providers
Government Agencies
Research Organizations
Consultants
Key insights offered
What will be the Livestock Grow Lights Market size from 2019 to 2024?
How are the major drivers and restraints affecting the Livestock Grow Lights Market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.