Global Livestock Grow Lights Market 2019-2023

The global livestock grow lights market has the potential to grow by USD 2.16 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of more than 6%. The increasing emphasis on faster livestock production and the development of energy-efficient livestock grow lights are some of the major factors driving the market growth. China, the US, and Japan are currently the major markets for livestock grow lights.

Livestock Grow Lights Market - Key Insights

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The report provides a detailed analysis of the market by product, type, and geography. Also, the report analyzes the market’s competitive landscape and offers information on many market vendors.

Market Competition Analysis

The livestock grow lights market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Vendors in the market are integrating IoT, sensors, and smart meters to track and improve livestock health and optimize energy. Big Dutchman AG, HATO BV, and OSRAM GmbH are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, fluctuations in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report provides information on the production, sustainability, and prospects of several companies, including:

• Big Dutchman AG
• HATO BV
• OSRAM GmbH
• Signify Holding BV
• Tetra Laval International SA