The LED lighting in poultry farming market was valued at USD 306.5 million by 2017, growing with 7.3% CAGR during the forecast period, 2018-2025
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. These bulbs save 85% of electricity and cater high intensity lights on floor. Also the directional emission intensity of LEDs boosts birds’ yielding capacity. LED lights have less depreciation rate as compared to conventional lights. It has a depreciation rate of 2-5% while other CFLs possess the depreciation rate of 12-15% per year.
The poultry farms have been increased worldwide. Its count was 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. This could be the reason as LEDs never flicker like CFLs. The fact is chickens are more sensitive to flickering lights than human beings and the absence of flickers in LEDs keep them calm and increase productivity. Perfect illumination 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 color, duration and intensity. However, low awareness is the only restraint of LED lighting, but the long life of these LEDs can compensate this limitation.
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.
China is emerging in poultry farming by employing latest technologies with shatterproof and waterproof LEDs for making its strong presence in the market.
Key vendors Takeaway
Companies which are prominent in LED lighting in poultry farming market are SUNBIRD, Greengage Lighting, Once Inc., Hybrite LED Lighting Ltd., HATO BV, and Shenzhen Hontech-Wins Electronics Co., Ltd. Rise in human population and poultry meat production is expected to come up with huge opportunities for market players. Durability is the major aspect which will drive the market of specific spectrum lighting in future.
In Aug 2017 Greengage Lighting Ltd acquired Isotera, a company which was involved in manufacturing and designing of control and power systems. This takeover helped company to boost their product portfolio and make their products more valuable. Also in June 2018, Once, Inc. declared acquisition of iLOX GmbH. Both of these collaborations lead to animal-centric lighting companies’ formation.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies and Research Organizations
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY REGION
Rest of Europe
Rest of the World
Middle East and Africa
TABLE OF CONTENT
1. LED LIGHTING IN POULTRY FARMING MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. LED LIGHTING IN POULTRY FARMING KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LED LIGHTING IN POULTRY FARMING INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. LED LIGHTING IN POULTRY FARMING MARKET LANDSCAPE
5.1. Market Share Analysis
6. LED LIGHTING IN POULTRY FARMING MARKET– BY GEOGRAPHY
6.2. North America
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
220.127.116.11. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
18.104.22.168. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
22.214.171.124. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
126.96.36.199. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.5. Rest of Europe
188.8.131.52. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Asia Pacific (APAC)
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
184.108.40.206. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
220.127.116.11. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4.5. Rest of APAC
18.104.22.168. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Rest of the World
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5.3. Latin America
22.214.171.124. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5.4. Middle East and Africa
126.96.36.199. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. KEY VENDOR ANALYSIS
7.1.1. Company Overview
7.1.2. SWOT Analysis
7.1.3. Key Developments
7.2. Greengage Lighting
7.2.1. Company Overview
7.2.2. SWOT Analysis
7.2.3. Key Developments
7.3. Once Inc.
7.3.1. Company Overview
7.3.2. SWOT Analysis
7.3.3. Key Developments
7.4. Hybrite LED Lighting Ltd.
7.4.1. Company Overview
7.4.2. SWOT Analysis
7.4.3. Key Developments
7.5. HATO BV
7.5.1. Company Overview
7.5.2. SWOT Analysis
7.5.3. Key Developments
7.6. Shenzhen Hontech-Wins Electronics Co., Ltd
7.6.1. Company Overview
7.6.2. SWOT Analysis
7.6.3. Key Developments
*Client can request additional company profiling as per specific requirements
8. 360 DEGREE ANALYSTVIEW
9.1. Research Methodology
9.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global LED Lighting in Poultry Farming Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 LED Lighting in Poultry Farming Market, by Geography, 2014 – 2025 (USD Billion)
Table 11 North America LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 12 U.S. LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 13 Canada LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 14 Europe LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 15 France LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 16 Germany LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 17 Asia Pacific LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 18 China LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 19 India LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 20 Latin America LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
Table 21 MEA LED Lighting in Poultry Farming Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 LED Lighting in Poultry Farming Market, by Geography, 2014 – 2025 (USD Billion)
SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.
KEY BENEFITS OF THE REPORT
– The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
– Thorough analysis of relevant statistical data to estimate the market paradigms
– Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
– Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:
Official company’s website, financial and annual reporting
Government statistical data
Online publishing articles
Industry player’s investor presentations
Economic news articles
National and international trade associations
The financial, business, and mainstream press
Industry study groups and semiofficial sources
Informative channels related to the market topics
* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary information often conflicting across multiple sources is a key aspect of the added value we provide
In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.
In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.
These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.
Market Forecast :
Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.
For forecasting, the following parameters were considered:
Market drivers and restraints along with their current and expected impacts
Technological scenario and expected developments
Trends in the consumer behaviors
End-user industry trends
We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.
Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.
We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.