Livestock Grow Lights Market by Type, Livestock, Region - 2023 - PowerPoint PPT Presentation

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Livestock Grow Lights Market by Type, Livestock, Region - 2023

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The market for livestock grow lights is projected to grow from USD 6.3 billion in 2018 to USD 8.6 billion by 2023, at a CAGR of 6.4% during the forecast period. This is attributed to technological innovations and the adoption of smart livestock farming practices. However, the increase in the demand and consumption of livestock-based products and the rising focus on livestock growth and welfare together with the emphasis on livestock productivity drives the demand for using grow lights in livestock barns. – PowerPoint PPT presentation

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Title: Livestock Grow Lights Market by Type, Livestock, Region - 2023


1
MarketsandMarkets Presents
Livestock Grow Lights Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/l
ivestock-grow-lights-market-77298993.html
2
The report "Livestock Grow Lights Market by Type
(Fluorescent, Light-Emitting Diode (LED),
Incandescent, and Hid), Livestock (Cattle,
Poultry, Swine, and Others), Installation Type
(Retrofit and New Installation), and Region -
Global Forecast to 2023" The livestock grow
lights market is projected to grow from USD 6.3
billion in 2018 to USD 8.6 billion by 2023, at a
CAGR of 6.4 during the forecast period. The
major factors driving the livestock grow lights
market include the increasing demand and
consumption of animal-based products such as
meat, milk, and eggs. Further, rising focus on
livestock welfare and growth along with
technological innovation for smart farming
practices is projected to drive the
market. Browse 76 market data Tables and 38
Figures spread through 135 Pages and in-depth TOC
on "Livestock Grow Lights Market - Global
Forecast to 2023 Asia Pacific is estimated to
account for the largest share of the market in
2018. The market in the region is driven by the
presence of a large livestock population and
their rising growth. Furthermore, the increasing
number of livestock farms and the growing size of
existing farms are also projected to contribute
to the large market of the Asia Pacific region.
Adoption of smart technologies for farms to
reduce input cost along with energy consumption,
and focus on the growth and development of the
livestock population by farmers also drives the
demand for livestock grow lights in this
region. The livestock grow lights market is
segmented on the basis of type as LED,
fluorescent, incandescent, and high intensity
discharge (HID). The growth of the LED segment is
driven by the increased usage of LED due to
longer durability, higher energy efficiency,
minimal maintenance, fully dimmable features,
availability of multicolor, high-speed response,
and longer lifespan. Furthermore, by optimizing
different spectrum levels and radiation, farmers
could create lighting environment that is best
suited for their livestocks wellbeing. Download
PDF Brochure https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id77298993
3
  • Report Objectives
  • Determining and projecting the size of the
    livestock grow lights market with respect to
    type, livestock, installation type, and regional
    markets over a five-year period ranging from 2018
    to 2023
  • Identifying attractive opportunities in the
    market by determining the largest and
    fastest-growing segments across regions
  • Providing detailed information about key factors
    influencing the growth of the market (drivers,
    restraints, opportunities, and industry-specific
    challenges)
  • Analyzing the micromarkets with respect to
    individual growth trends, future prospects, and
    their contribution to the total market
  • Identifying and profiling key market players in
    the livestock grow lights market
  • Providing a comparative analysis of the market
    leaders on the basis of the following
  • Product offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
  • Understanding the value chain, competitive
    landscape and identifying the major growth
    strategies adopted by players across the key
    regions
  • Providing insights on key product innovations and
    investments in the livestock grow lights market
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id77298993

4
The study involved four major activities in
estimating the current market size for the
livestock grow lights market. Exhaustive
secondary research was done to collect
information on the market as well as the parent
market. The next step was to validate these
findings, assumptions, and sizing with industry
experts across the value chain through primary
research. Both the top-down and bottom-up
approaches were employed to estimate the complete
market size. Thereafter, market breakdown and
data triangulation were used to estimate the
market size of segments and subsegments. Primary
Research The overall livestock grow lights
market comprises several stakeholders such as
grow lights traders and distributors, livestock
farms rearers, government organization, and
research institutions in the supply chain. The
demand side of this market is characterized by
the development of the livestock farm industries,
the rise in livestock population, and an increase
in the consumption of animal-based products. The
supply side is characterized by advancements in
technology. Various primary sources from both,
the supply and demand sides of the overall market
were interviewed to obtain qualitative and
quantitative information. The primary
interviewees from the demand side include
poultry, swine, and dairy farmers as well as
research institutions involved in RD to
introduce new lighting solutions and livestock
supplier associations. The primary sources from
the supply side include key opinion leaders, vice
presidents, and CEOs of the key manufacturing
companies in the livestock grow lights market,
grow light suppliers/distributor, importers, and
exporters Request Sample https//www.marketsandm
arkets.com/requestsampleNew.asp?id77298993  
5
  • Scope of the Report
  • On the basis of type, the livestock grow lights
    market has been segmented as follows
  • Fluorescent
  • LED
  • Incandescent
  • HID
  • On the basis of livestock, the livestock grow
    lights market has been segmented as follows
  • Cattle
  • Dairy cattle
  • Beef cattle
  • Poultry
  • Broilers
  • Layers
  • Turkey
  • Swine
  • Starter
  • Sow

6
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
http//www.marketsandmarketsblog.com/market-report
s/food-and-beverage Connect with us on LinkedIn _at_
http//www.linkedin.com/company/marketsandmarkets
7
About MarketsandMarkets
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research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
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decisions. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high
growth markets following the "Growth Engagement
Model GEM". The GEM aims at proactive
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write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both
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MicroQuadrants (Positioning top players across
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determined to benefit more than 10,000 companies
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the curve. MarketsandMarketss flagship
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markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
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