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Saudi Arabia Livestock Grow Lights Market

Saudi Arabia Livestock Grow Lights Market

Saudi Arabia Livestock Grow Lights Market - By Type (Light-emitting diode (LED), Fluorescent, Incandescent, High-intensity discharge (HID)); By Livestock (Cattle, Poultry); By Installation Type (Retrofit, New Installation); By Color Type (Green, Red, White, Blue), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC23080
  • Available Format: PDF
  • Page: 117

Report Overview

Increasing adoption and implementation of innovative technologies in livestock farming to improve productivity and output quality, and the growing demand for animal meat in the country are expected to drive the Saudi Arabia livestock grow lights market during the forecast period between 2023 and 2029.

Saudi Arabia Livestock Grow Lights Market - Industry Trends & Forecast Report, 2029

Saudi Arabia livestock grow lights market size was estimated at USD 265.53 million in 2022. During the forecast period between 2023 and 2029, the Saudi Arabia livestock grow lights market size is projected to grow at a CAGR of 6.80% reaching a value of USD 420.23 million by 2029. Major growth drivers for the market include the increasing population which is further propelling the meat demand in the country. The farmers of Saudi Arabia are increasingly adopting advanced and innovative agricultural technologies to boost their livestock productivity and overall quality of their production, which is projected to offer lucrative growth opportunities to the Saudi Arabia livestock grow lights market.

Saudi Arabia Livestock Grow Lights Market

Saudi Arabia Livestock Grow Lights Market – Overview

The artificial light given to cattle for growth and development is known as a grow light. It is used to alter an animal's physiological and biochemical reactions in relation to its food preferences, reproduction, and milk production. In livestock farms, artificial lighting is employed as grow lights, including LEDs, incandescent bulbs, HID lights, and fluorescent lights. For example, In the first few weeks of life, green light promotes healthy muscle growth whereas blue light spurs the creation of hormones. A yellowish-white light is used as a navigational aid and to enhance meal absorption.

Saudi Arabia Livestock Grow Lights Market

Growth Drivers

Rising Demand for Animal Meat-Based Products

Saudi Arabia is one of the biggest per capita meat consumers in the world. In 2020, the nation produced 900,000 mt of chicken meat, which made up 60% of domestic consumption and was estimated to be 1.55 mmt/year. The country imports most of its meat from Brazil and other countries to meet its high demand for animal meat. Therefore, to reduce their import burden, the Saudi Ministry of Environment Water and Agriculture (MEWA) is urging local farmers to dramatically expand production under its Saudi Vision 2030 goal. With rising demand for animal meat and expanding livestock farming in the country, the Saudi Arabia livestock grow lights market is projected to flourish during the forecast period.

Restraints

Lack of Awareness among Farmers

The grow lights are an up-and-coming technology, which has a limited presence in Saudi Arabia. The livestock industry is mainly dominated by small local farmers whose business is limited to their city. This limits the wide adoption of grow lights in Saudi Arabia as these local farmers are not well equipped to use these advanced technologies or put them to their efficient use. This may restrict the growth of the overall Saudi Arabia livestock grow lights market.

Impact of COVID -19 on Saudi Arabia Livestock Grow Lights Market

The COVID-19 outbreak had a detrimental effect on the market for livestock grow lights in Saudi Arabia. Since coronavirus is a zoonotic illness, Saudi Arabia's intake of animal meat has substantially decreased, causing the livestock farming industry to suffer enormous losses. Farmers' ability to purchase goods was impacted, which had a direct impact on their decision to invest in innovative equipment like grow lights. Additionally, because to the lockdown, there is a scarcity of grow light equipment, like as LED bulbs, due to restrictions on supply and demand.

Saudi Arabia Livestock Grow Lights Market

Segmental Coverage

Saudi Arabia Livestock Grow Lights Market – By Type

Based on type, the Saudi Arabia livestock grow lights market is segregated into light-emitting diode (LED), fluorescent, incandescent, and high-intensity discharge (HID). The light-emitting diode (LED) lights type holds the highest share in the Saudi Arabia livestock grow lights market. LEDs are highly energy efficient as they produce less heat and offer more light at a lower cost. Furthermore, it also uses 85% less energy compared to traditional lighting and around 18% less compared to CFLs to provide the same amount of light, which is why LEDs are preferred as grow lights compared to other types.

Saudi Arabia Livestock Grow Lights Market – By Livestock

Based on livestock, the Saudi Arabia livestock grow lights market is segmented into cattle and poultry. The poultry segment accounts for a higher market share owing to the high demand for chicken for final consumption as well as from the food catering industry. Additionally, the Saudi government is concentrating on increasing chicken production as part of economic diversification by giving the local poultry industry 100% ownership and access to a direct production-based subsidy. They also encourage foreign businesses to invest in Saudi Arabia's poultry farms.

Saudi Arabia Livestock Grow Lights Market – By Installation Type

Based on installation type, the Saudi Arabia livestock grow lights market is segmented into retrofit and new installation. The new installation segment held the highest share in the Saudi Arabia livestock grow lights market and is anticipated to register the highest growth rate during the forecast period. With the expanding scope of livestock farming in the country and the benefits of using grow lights in productivity improvements, the farmers of Saudi Arabia are investing progressively in the new installations of grow lights, propelling the overall market growth.

Saudi Arabia Livestock Grow Lights Market – By Color Type

Based on color type, the Saudi Arabia livestock grow lights market is segregated into green, red, white, and blue. The blue color segment accounts for the highest share in the Saudi Arabia livestock market. Blue light is reported to directly affect the eating habits of the livestock. It is also considered to influence lactation in cows and boost milk yield. According to LED Professional, it is also important to mention that blue light with a wavelength of 480 nm keeps cows alert and boosts milk output by 8%.

Competitive Landscape

Major players operating in Saudi Arabia livestock grow lights market include Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited, Nardeen Lighting Company LLC, Huda Lighting, and Philips Saudi Lighting Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Product/ Service Segmentation

Type, Livestock, Installation Type, Color Type

Key Players

Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company

 

 

By Type

  • Light-emitting diode (LED)

  • Fluorescent

  • Incandescent

  • High-intensity discharge (HID)

By Livestock

  • Cattle

  • Poultry

By Installation Type

  • Retrofit

  • New Installation

By Color Type

  • Green

  • Red

  • White

  • Blue

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Livestock Grow Lights Market Insights
    1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
        1. Rising Demand for Animal Meat-Based Products
        2. Increase in Livestock Farming
      3. Restraints
        1. Lack of Awareness among Farmers
      4.  Opportunities
        1. Advancements in Technology
      5. Challenges
    2. Technology Advancements/Recent Developments
    3. Regulatory Framework
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Livestock Grow Lights Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Light-emitting diode (LED)
        2. Fluorescent
        3. Incandescent
        4. High-intensity discharge (HID)
      2. By Livestock
        1. Cattle
        2. Poultry
      3. By Installation Type
        1. Retrofit
        2. New Installation
      4. By Colour Type
        1. Green
        2. Red
        3. White
        4. Blue
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Livestock Grow Lights Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Saudi Arabia Livestock Grow Lights Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Al Nasser Group
    2. Saudi LED Light
    3. National Lighting Company
    4. TECHNO LED LIGHTS
    5. Inara Company Limited
    6.  Nardeen Lighting Company LLC
    7.  Huda Lighting
    8. Philips Saudi Lighting Company
    9. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.       Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Saudi Arabia Livestock Grow Lights Segmentation

Figure 2       Saudi Arabia Livestock Grow Lights Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Saudi Arabia Livestock Grow Lights Market Size, By Value (USD Million), 2019–2029

Figure 5       Saudi Arabia Livestock Grow Lights Market Share, By Type, By Value, 2019–2029

Figure 6       Saudi Arabia Livestock Grow Lights Market Share, By Livestock, By Value, 2019–2029

Figure 7       Saudi Arabia Livestock Grow Lights Market Share, By Installation Type, By Value, 2019–2029

Figure 8       Saudi Arabia Livestock Grow Lights Market Share, By Colour Type, By Value, 2019–2029

 

List of Tables

 

Table 1        Saudi Arabia Livestock Grow Lights Market Size, By Value (USD Million), 2019–2029

Table 2        Saudi Arabia Livestock Grow Lights Market Size, By Type, By Value, 2019–2029

Table 3        Saudi Arabia Livestock Grow Lights Market Size, By Livestock, By Value, 2019–2029

Table 4        Saudi Arabia Livestock Grow Lights Market Size, By Installation Type, By Value, 2019–2029

Table 5        Saudi Arabia Livestock Grow Lights Market Size, By Colour Type, By Value, 2019–2029

Table 6        Al Nasser Group Company Overview

Table 7        Al Nasser Group Financial Overview

Table 8        Saudi LED Light Company Overview

Table 9        Saudi LED Light Financial Overview

Table 10      National Lighting Company: Company Overview

Table 11      National Lighting Company Financial Overview

Table 12      TECHNO LED LIGHTS Company Overview

Table 13      TECHNO LED LIGHTS Financial Overview

Table 14      Inara Company Limited Company Overview

Table 15      Inara Company Limited Financial Overview

Table 16      Nardeen Lighting Company LLC Company Overview

Table 17      Nardeen Lighting Company LLC Financial Overview

Table 18      Huda Lighting Company Overview

Table 19      Huda Lighting Financial Overview

Table 20      Philips Saudi Lighting Company: Company Overview

Table 21      Philips Saudi Lighting Company: Financial Overview

 

Market Segmentation

By Type

  • Light-emitting diode (LED)

  • Fluorescent

  • Incandescent

  • High-intensity discharge (HID)

By Livestock

  • Cattle

  • Poultry

By Installation Type

  • Retrofit

  • New Installation

By Color Type

  • Green

  • Red

  • White

  • Blue

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Frequently Asked Questions (FAQs):

Ans: The blue light segment held the highest Market share in the Saudi Arabia Livestock Grow Lights Market by color type.
Ans: Saudi Arabia Livestock Grow Lights Market size was estimated at USD 265.53 million in 2022.
Ans: Saudi Arabia Livestock Grow Lights Market is expected to grow at a CAGR of 6.80% during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of Saudi Arabia Livestock Grow Lights Market include rising demand for animal meat-based products and increase in livestock farming.
Ans: Key players in Saudi Arabia Livestock Grow Lights Market include Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited, Nardeen Lighting Company LLC, Huda Lighting, and Philips Saudi Lighting Company.