Global Aquaculture LED Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aquaculture LED Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aquaculture lighting refers to water-based and land-based aquaculture lighting designs as well as smart lighting technologies that are revolutionizing the way fish farmers raise fish on a daily basis. Fish and other aquatic species are known to be sensitive to light in their surroundings. Each fish species, as well as each developmental stage within a species, from embryo development to sexual maturity, has developed a distinct sensitivity to light. Fish physiology and behavior have been discovered to be influenced by light intensity, spectrum, and photoperiod. As a result, lighting has become a very useful tool for aquaculturists. One of the most prevalent is the LED (Light Emitting Diode) technology. LEDs allow a greater variety of spectrum or color-specific lighting and offer a completely new range of lighting options previously not possible with conventional lighting technologies.

Market Overview:

The latest research study on the global Aquaculture LED Lighting market finds that the global Aquaculture LED Lighting market reached a value of USD 148.25 million in 2022. It’s expected that the market will achieve USD 215.14 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.

There are many kinds of aquaculture animals with different lighting requirements, and the role and impact mechanism of LED light sources on aquaculture organisms is still poorly understood. Aquaculture workshops (especially seawater aquaculture workshops) high salt, high humidity, and easy-to-corrode environmental characteristics greatly shorten the service life of the traditional lamps, and the shape and power of the lamps are also directly related to the farm pool light and darkness and uniformity. In recent years, with the rapid development of aquaculture, artificial light sources (metal halide lamps, incandescent lamps, tungsten iodide lamps, fluorescent lamps and LED lamps) are increasingly used in production, but there are still problems such as the precise control technology and light formula of light (spectrum, light intensity and photoperiod) have not been established, and the light environment control in production is mostly dependent on the experience of operators, and the precise light environment control system for different stages of the culture process has not been formed.

Increasing innovation of advanced technologies, mounting adoption of smart livestock farming & aquaculture practices, and the surging consumption of animal-based products are the major factors backing the market growth. With the increased investment in research and development and the expansion of production applications, LED technology is showing accelerated progress, while the rapid reduction in cost for LED lighting technology in aquaculture applications ushered in a broader space for development. LED technology in aquaculture production research applications focuses on the following aspects.

The outbreak of the COVID-19 pandemic has adversely affected the growth of the Global Livestock and Aquaculture LED Lighting Market. The imposition of the lockdown has affected the entire food supply chain, including aquaculture production. Additionally, the shutdown of processing plants and rising concerns about the spread of disease due to proximity has led to a decline in the number of workers, which, in turn, has affected the production capacity, thereby negatively influencing the market growth.

Region Overview:

In 2022, the share of the Aquaculture LED Lighting market in Europe stood at 45.21%.

Company Overview:

Signify
Signify N.V., formerly known as Philips Lighting N.V., is a Dutch multinational lighting corporation formed in 2016 as a result of the spin-off of the lighting division of Philips, by means of an I.P.O. The company manufactures electric lights, light fixtures and control systems for consumers, professionals and the IoT. In 2018, Philips Lighting changed its name to Signify. The company still produces lights under the Philips brand.

AKVA group

AKVA Group ASA (OSE: AKVA) was created in 2006 as a merger between AKVAsmart, Helgeland Plast and Wavemaster. AKVA group is a leading technology and service partner to the aquacultur industry worldwide.

Segmentation Overview:

Based on the power of aquaculture LED lighting, the market can be divided into below 100W, 100W-200W, 200W-300W, more than 300W, of which 200W-300W aquaculture LED lighting, due to the wide range of applications, occupy the largest market share.

Application Overview:

Based on the species of aquaculture, the market can be divided into fish, algae, crustaceans, mollusks, etc., of which aquaculture LED lighting for fish, due to its universality, occupies the largest market share.

Key Companies in the global Aquaculture LED Lighting market covered in Chapter 3:

IAS Products Ltd.
Signify
Aruna Lighting
Eco Industrial Supplies 
AKVA group
JT electric
Planet Lighting

In Chapter 4 and Chapter 14.2, on the basis of types, the Aquaculture LED Lighting market from 2018 to 2029 is primarily split into:

Below 100W
100W-200W
200W-300W
More than 300W

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aquaculture LED Lighting market from 2018 to 2029 covers:

Fish
Algae
Crustaceans
Mollusks
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)