Market Outlook:
Livestock Grow Lights Market size is expected to expand from USD 9.64 billion in 2024 to USD 22.61 billion by 2034, demonstrating a CAGR of more than 8.9% between 2025 and 2034. In 2025, the industry revenue is estimated to reach USD 10.41 billion.
Base Year Value (2024)
USD 9.64 billion
19-24
x.x %
25-34
x.x %
CAGR (2025-2034)
8.9%
19-24
x.x %
25-34
x.x %
Forecast Year Value (2034)
USD 22.61 billion
19-24
x.x %
25-34
x.x %
Historical Data Period
2019-2024
Largest Region
North America
Forecast Period
2025-2034
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Market Dynamics:
Growth Drivers & Opportunity:
1. Increasing demand for animal products: The rising demand for animal products such as meat, milk, and eggs is expected to drive the growth of the livestock industry. This will in turn drive the demand for livestock grow lights to ensure optimal conditions for animal growth and production.
2. Technological advancements: Advancements in lighting technology, including the development of energy-efficient LED lights, have led to the adoption of advanced lighting solutions in the livestock industry. This trend is expected to continue driving the growth of the livestock grow lights market.
3. Focus on animal welfare: There is a growing emphasis on the welfare and well-being of livestock, with a focus on providing optimal living conditions for animals. Livestock grow lights play a crucial role in creating a conducive environment for the animals, thereby driving their adoption in the industry.
4. Government support and regulations: Government initiatives and regulations aimed at promoting sustainable livestock farming practices and improving animal welfare are expected to drive the adoption of livestock grow lights. This includes incentives for the adoption of energy-efficient lighting solutions and regulations emphasizing the importance of adequate lighting for livestock.
Industry
Report Scope
Report Coverage | Details |
---|
Segments Covered | Type, Installation Type, Colour Type |
Regions Covered | • North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)
• Latin America (Argentina, Brazil, Rest of South America)
• Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Gavita International B.V., Once Inc, Big Dutchman, Delaval Holding AB, Hato BV, Greengage Lighting, Lighting company Hybrite Co.,, Apollo Horticulture, Fienhage Poultry Solutions, HORTILUX EYE. |
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1. High initial investment: The initial cost of installing livestock grow lights can be a significant barrier for farmers, especially small-scale operations. The high upfront investment required for purchasing and installing the lighting systems can act as a restraint for market growth.
2. Lack of knowledge and awareness: There is a lack of knowledge and awareness among livestock farmers about the benefits of using grow lights for their animals. This can hinder the adoption of livestock grow lights and slow down market growth.
3. Environmental concerns: The use of artificial lighting in livestock farming raises environmental concerns related to energy consumption and carbon footprint. As a result, there may be resistance to the widespread adoption of grow lights in the industry due to environmental considerations.