Us Marine LED Farming Light Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Marine LED Farming Light Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 14.0% from 2024 to 2030.
The U.S. Marine LED Farming Light Market is experiencing significant growth, driven by the increasing adoption of sustainable aquaculture practices and advancements in LED technology. Marine LED farming lights are essential for optimizing growth conditions for marine organisms, including fish and various aquatic plants. The precise control of light intensity, spectrum, and duration that LED lights offer makes them ideal for use in aquaculture. This controlled environment not only enhances growth rates but also improves the health and quality of the produce, thus driving the demand for marine LED farming lights. citeturn0search1 In 2022, the marine light fish and shrimp farming market in North America accounted for the second-largest revenue share. This growth is attributed to increased government initiatives and funding in marine light fish and shrimp farming measures, particularly in the U.S. For instance, on December 9, 2022, the U.S. Department of Energy's Water Power Technologies Office announced an investment of over USD 16 million in new hydropower and marine energy research and development initiatives. These grants total USD 10.5 million for marine energy initiatives across six national laboratories and USD 5.6 million for hydropower projects. Such investments are expected to significantly contribute to meeting U.S. energy needs, even if only a small percentage of this technical resource potential is utilized. citeturn0search0 The market is segmented based on light type, including LED grow lights, blue lights, infrared lights, and ultraviolet (UV) lights. The LED grow lights segment accounted for the largest revenue share in 2022. LED lights for aquaculture are now more affordable than ever, owing to energy savings. Adjustable light intensity, spectrum, and photoperiod are all features of LED aquaculture lights. The adoption of LED lighting technology in indoor aquaculture operations results in significant energy savings. While maintaining the same lighting intensity as traditional light sources, a farmer who switches to LED lighting can save their electrical energy use by 60%. All of the potential benefits to the fishery's economy from the use of LED technology in terms of fuel cost savings were greater than 60%. citeturn0search0 The fish farming segment accounted for the largest revenue share in 2022. Fish farming is a potential activity for the production of protein with high nutritional content, and the world's aquaculture is becoming more diversified and intensive as a result of the application of new technologies. It has developed dramatically in recent decades and significantly improved food security and reduced poverty globally. Over the past 50 years, the production of fish and seafood has doubled worldwide. Current research on marine fish farming presents it as potentially connected with the goals of resource conservation, human nutrition, and growing blue growth policy discourse. Currently, the total catch yield and economy of many industrialized fisheries are significantly impacted by the use of artificial light in commercial fishing. The majority of the time, fishing vessels use surface lights; although, low-powered LED lights mounted directly on fishing gear have also become popular. citeturn0search0 The industrial segment accounted for the largest revenue share in 2022. A key trend for the development of aquaculture is industrialized aquaculture, which offers significant benefits in terms of reduced water use, increased production, and sustainability. Certain industrialized aquaculture systems (such as recirculating aquaculture systems) use less than 1% of the total land area and 90-99% less water. The industry also sees possibilities in harnessing nutrients from sewage to create essential components for fish feed. In the upcoming years, industrial-scale Recirculating Aquaculture Systems (RAS) for full grow-out of sensitive species are expected to become widely used. This will present new opportunities for countries that would otherwise have far fewer options for intensive fish farming, as well as opportunities to increase production volume in established fish farming nations. Hence, it presents opportunities, which is the circular economy's main goal. citeturn0search0 The U.S. Marine LED Farming Light Market is poised for continued growth, driven by technological advancements, government support, and the increasing demand for sustainable aquaculture practices. The integration of LED technology in marine farming operations not only enhances productivity but also contributes to environmental sustainability, aligning with global efforts to promote eco-friendly farming practices.
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Signify
Osram
Vaki Aquaculture System
Everlight Electronics
Bridgelux
Hubbell
Aqualed Technology
Luxim Corporation
Illumitex
Kessil Lighting
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Marine LED Farming Light Market
Full Spectrum Lights
Red and Blue Spectrum Lights
White LED Lights
Ultraviolet (UV) LED Lights
Aquaculture
Hydroponics
Mariculture
Greenhouse Farming
Solar Powered
Battery Operated
AC Powered
Remote Controlled
Portable Systems
Fixed Systems
Integrated Systems
Commercial Fisheries
Research Institutions
Individual Farmers
Government Agencies
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Marine LED Farming Light Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Marine LED Farming Light Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Marine LED Farming Light Market, By Type
6. Global Marine LED Farming Light Market, By Application
7. Global Marine LED Farming Light Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Marine LED Farming Light Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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