Grow Light for Poultry Farming Market Trends

  • Report ID: 3363
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Grow Light for Poultry Farming Market Trends

Growth Drivers

  • Increasing Consumption and Demand for Poultry Products
  • Growing Adoption of Smart Poultry Farming Practices Worldwide

Challenges

  • Lack of Awareness about Smart Poultry Farming in Lower Economic Regions

Grow Light for Poultry Farming Market: Key Insights

On the basis of geographical analysis, the global grow light for poultry farming market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to grab the largest share and witness noteworthy growth over the forecast period on the back of presence of large poultry livestock and increase in the production of grow lights in the region. In 2019, China had the largest poultry bird stock in the Asia Pacific, with a stock of more than 6 billion. Bhutan also observed a hike in its poultry livestock that year, valued at about 1.4 million. Along with these, rising emphasis of manufacturers on manufacturing poultry grow lights that can last longer duration, is also predicted to expand the region’s market in the forthcoming years. Moreover, the market in Europe is also assessed to occupy a notable share in the market during the forecast period in view of the strong presence of prominent market players and rising emphasis on a healthier poultry in the region.

Grow Light for Poultry Farming Market

The global grow light for poultry farming market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Base Year

2024

Forecast Year

2025-2037

CAGR

6.2%

Base Year Market Size (2024)

Forecast Year Market Size (2037)

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Nilanjana Ray


  • Report ID: 3363
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Grow Light for Poultry Farming Market size is expected to register around 6.2% CAGR during the forecast period i.e., between 2025-2037.

The market growth is driven by increasing consumption and demand for poultry products and growing adoption of smart poultry farming practices worldwide.

Asia Pacific industry is expected to account for largest revenue share by 2037, on the back of presence of large poultry livestock and increase in the production of grow lights in the region

The major players in the market are AGRILIGHT BV, OSRAM Opto Semiconductors GmbH, General Electric Company, Signify Holding, and others.
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