How much will the livestock grow lights market grow by 2030?
The global livestock grow lights market is projected to reach a CAGR of 19.3% from 2023 to 2030, offering lucrative opportunities for farmers to boost profits.
What are the benefits of using LED grow lights in livestock farming?
LED grow lights offer numerous benefits, including reduced energy costs, improved animal health and production, enhanced egg yolk vitamin D levels, and stress reduction.
Which region is expected to have the fastest-growing livestock grow lights market?
The Asia-Pacific region is expected to witness the fastest growth due to the booming commercial livestock industry and rising investments in lighting technology.
Who are the major players in the livestock grow lights market?
Major players include Signify, Sunbird LED Agricultural Lightings, AG Lighting Innovations, OSRAM Licht AG, and Uni-light LED AB, with Signify actively expanding its reach through acquisitions.