Market Leader - Livestock Grow Lights Market
The global livestock grow lights market size 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. Increasing consumption of animal-based products and rising focus on livestock productivity as well as livestock welfare are projected to drive the market for grow lights.
The major livestock grow lights vendors include OSRAM (Germany), Signify Holding (Netherlands), DeLaval (Sweden), Big Dutchman (Germany), Uni-light LED (Sweden), Once Inc. (US), AGRILIGHT BV (Netherlands), Aruna Lighting (Netherlands), HATO BV (Netherlands), Shenzhen Hontech-Wins (China), CBM Lighting (Canada), Fienhage Poultry Solutions (Germany), SUNBIRD (South Africa), ENIM UAB (Lithuania), and Greengage Lighting (UK). These players have adopted various growth strategies such as expansions & investments and new product launches to expand their presence in the global livestock grow lights market. Expansion is witnessed to be the most dominating strategy adopted by major players. This has helped key players to increase their presence in different regions.
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OSRAM is one of the leading lighting manufacturers with increasing applications in automotive, entertainment lights, horticulture, industrial applications, office, retail, smart city, sports facilities, street, and wearables & mobiles. It has three business segments—Opto Semiconductors (OS), Specialty Lighting (SP), and Lighting Solutions & System (LSS). The company provides LED, fluorescent, and infra-red lights for livestock such as cow, swine, horse, and small animals under the business segment–Specialty Lighting. It focuses on new product developments to increase its product offerings mainly in the LED segment to provide lamps with high-intensity UV that would disinfect the medium such as gases and fluids through which it passes. In August 2016, the company launched Monsun 2 LED luminaire for livestock, which is ammonia-resistant, dust- & water-proof, and provides maximum energy efficiency. This helped the company to expand its product portfolio for livestock lights.
Furthermore, DeLaval, the manufacturer of equipment & technology for milk production and animal husbandry provides various solutions for milking, farm management, feeding, manure handling, and ventilation & lighting is expanding in other regions to tap new markets. For instance, DeLaval opened a new distribution center in Germany in May 2018. Additionally, it also launched a new LED in November 2014, which enhances the milk production in cows by 7-10%.
Related Reports:
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
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