GCC Grow Light Market Size to Hit US$ 30.6 Million by 2028 | With a 12.7% CAGR

The latest report by IMARC Group, titled "GCC Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The GCC grow light market size reached US$ 14.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.6 Million by 2028, exhibiting a growth rate (CAGR) of 12.7% during 2023-2028.

Grow lights are specialized lighting systems designed to provide artificial light to plants, enabling them to grow and thrive in environments with insufficient natural sunlight. These lighting systems are crucial for indoor farming, greenhouses, and other controlled agricultural settings where adequate sunlight may not be available. Grow lights replicate the essential spectrum of light that plants need for photosynthesis, allowing them to undergo normal growth processes even in the absence of natural sunlight. These systems typically consist of high-intensity lamps, LEDs or other artificial light sources that emit specific wavelengths of light, including red and blue light.

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GCC Grow Light Market Trends and Drivers:

The GCC region has witnessed a substantial surge in the adoption of grow lights, driven by the region's ambitious efforts to diversify its economy beyond oil and gas. As governments in GCC countries prioritize food security and sustainable agriculture, they are actively promoting indoor and greenhouse farming practices, creating a burgeoning demand for efficient grow light solutions. Additionally, the GCC's extreme climate conditions, characterized by scorching temperatures and limited rainfall, make conventional agriculture challenging. Grow lights offer a viable solution to overcome these challenges by enabling year-round cultivation and control over growing conditions. Furthermore, the rise in urbanization across GCC nations has led to a decrease in available arable land, pushing agriculture into urban and peri-urban areas. In this context, vertical farming and indoor agriculture have gained significant traction, and grow lights are at the core of these innovative farming methods. Grow lights allow crops to be cultivated in vertically stacked layers, maximizing land use efficiency and reducing the need for extensive land resources. Another notable trend in the market is the increasing adoption of smart and energy-efficient lighting solutions. LED grow lights consume less energy compared to traditional lighting systems and offer precise control over light spectra, allowing growers to tailor lighting conditions to specific plant requirements. This energy-efficient approach aligns with the GCC's commitment to reducing energy consumption and carbon emissions, making it a preferred choice for sustainable agriculture. Moreover, technological advancements in grow light design and control systems are driving market growth. Grow light manufacturers are continuously innovating to develop more efficient and reliable products. Integrated control systems that enable remote monitoring and adjustment of lighting parameters are gaining popularity, offering growers the flexibility to optimize light conditions for different crops and growth stages. Additionally, advancements in spectral tuning technology are allowing growers to mimic natural sunlight more accurately, further enhancing crop yields and quality and propelling the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

HID
LED
Fluorescent
Others

Breakup by Installation Type:

New Installations
Retrofit Installations

Breakup by Spectrum:

Full-Spectrum
Partial Spectrum

Breakup by Application:

Indoor Farming
Vertical Farming
Commercial Greenhouse
Turf and Landscaping
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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This release was published on openPR.