Global Livestock Grow Lights Market 2019-2023 | Development of Energy-Efficient Livestock Grow Lights to Boost Growth | Technavio
The global livestock grow lights market is expected to post a CAGR of over 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191115005088/en/
Technavio has announced its latest market research report titled global livestock grow lights market 2019-2023 (Graphic: Business Wire)
Faster production of livestock in lesser time is one of the major drivers for the global livestock grow lights market. Animals are greatly influenced by lighting with respect to their comfort, health, reproduction, and psychological behavior. Chickens and turkeys gain weight and show rapid improvement in health while cattle produce higher quantities of milk production with the proper use of livestock grow lights. The use of certain lights helps improve reproduction rates in animals. Daily light parameters such as sunset, sunrise, and seasons can be simulated by grow lights, which, in turn, aids in improving the production of livestock-based products. Thus, the rising emphasis on faster production in the livestock industry, will drive the demand for grow lights over the forecast period.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31374
As per Technavio, the development of energy-efficient livestock grow lights, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Livestock Grow Lights Market: Development of Energy-Efficient Livestock Grow Lights
The development of energy-efficient livestock grow lights will be one of the critical trends in the global livestock grow lights market. High humidity and increased level of dust and ammonia are the adverse conditions often involved with livestock production. These factors pose a threat to modern lighting systems and encourage livestock grow light manufacturers to introduce damp-proof, ammonia-resistant, and energy-efficient lights. Many of these energy-saving damp-proof lights have a special coating which protects the light from dust and insects while reducing heating. This helps to maximize energy efficiency. These lights deliver a high lumen output which makes them a viable choice in optimizing livestock production and improving animal health and behavior. Therefore, rising initiatives toward the development of energy-efficient livestock grow lights will boost market growth.
“The availability of grow lights in different colors and the increase in number of commercial livestock farms are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Global Livestock Grow Lights Market: Segmentation Analysis
This market research report segments the global livestock grow lights market by product (fluorescent, LED, incandescent, and HID), type (cattle, poultry, swine, and others), and geographical regions (North America, Europe, APAC, South America, and MEA).
The APAC region led the market share in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the rising purchasing power of consumers and increased demand for animal products such as meat and eggs in the region. This will subsequently drive the demand for livestock grow lights in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191115005088/en/
