Leading Companies Operating in the Livestock Grow Lights Market

Posted on 2021-05-31 by MarketsandMarkets in Agriculture // 0 Comments

The Livestock Grow Lights Market 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. The major factors driving the livestock grow lights market include the increasing demand and consumption of animal-based products such as meat, milk, and eggs. Further, rising focus on livestock welfare and growth along with technological innovation for smart farming practices is projected to drive the market.

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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.

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.

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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%.

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