LED Lighting in Poultry Farming Market Size Worth USD 860.9 Billion by 2025 | CAGR: 7.3%
Published Date : 01 / 04 / 19 | Report Format: PDF
The global LED Lighting in Poultry Farming market is expected to grow at CAGR of 7.3% to reach USD 860.9 million by 2025.
Light emitting diode (LED) is an excellent alternative of other light sources like CFL (Compact Fluorescent Light) and cold cathode fluorescent lamps (CCFL) used in poultry farms. The function of LED is to provide lights equivalent to sunlight and this has resulted in augmentation of its demand in poultry farms. Moreover, the energy-saving ability and durability of these lights will fuel up the market in future. The poultry farms have been increased across the globe with the count of more than 111,000 thousand metric tons in 2015 which later on touched 118,080 thousand tons in 2017.
Greater energy savings and better results on yield due to large scale LED appliances are expected to propel the market in coming years. Moreover, increase in awareness and customers demand will further boost this market. Poultry farming sector is witnessing exponential rise in LED applications, as they make use of different spectral requirements for accelerating poultry production. Many producers have chosen LEDs over CFLs and noticed the calmer behaviour of birds under LED lights, supporting the market demand. However, high initial cost is the only restraint of LED lighting, but the long life of these LEDs can compensate this limitation.
- LEDs never flicker like CFLs and offer perfect illumination which is a key aspect for poultry farming and LEDs are known for the same.
- Poultry farming caters best results in well-designed illumination as the birds responds to change in duration, colour, and intensity
- In 2017, North America and Europe were the leader in poultry farming market. These two regions witnessed considerable presence of many reputed companies.
- Europe and North America comprise of many competitive market players. And also the rise in demand of table eggs and broiler meat are considered as major growth factors.
- However, the Asia Pacific region is anticipated to lead the market with a higher CAGR over forecast period. This region is witnessing huge production and per capita consumption of meat in countries like China and India.
- With the increase in domestic birds production followed by government funds on spreading awareness regarding LED systems will drive this regional market
- Companies which are prominent in LED lighting in poultry farming market are Once Inc., Greengage Lighting, HATO BV, Hybrite LED Lighting Ltd., and Shenzhen Hontech-Wins Electronics Co., Ltd. and others
- Rise in human population and poultry meat production is expected to come up with huge opportunities for key players
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The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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