GCC Grow Light Market 2024 | Development, Trends, Demand and Forecast Till 2032

IMARC Group's report titled "GCC Grow Light Market Report by Technology (HID, LED, Fluorescent, and Others), Installation Type (New Installations, Retrofit Installations), Spectrum (Full-Spectrum, Partial Spectrum), Application (Indoor Farming, Vertical Farming, Commercial Greenhouse, Turf and Landscaping, and Others), and Country 2024-2032". The GCC grow light market size reached US$ 16.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 43.7 Million by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-grow-light-market/requestsample

Factors Affecting the Growth of the GCC Grow Light Industry:

Increasing Demand for Controlled Environment Agriculture (CEA):

Numerous countries in the GCC region are facing environmental challenges, such as extreme heat and limited arable land. Controlled environment agriculture (CEA) addresses these issues by providing a controlled indoor environment for crop cultivation. Grow lights play a pivotal role in CEA by ensuring that plants receive the right amount and spectrum of light for optimal growth. Furthermore, grow lights enable farmers to maintain consistent crop production regardless of external weather conditions and address food security concerns while reducing dependence on food imports in the region.

Advancements in Light Emitting Diode (LED) Technology:

The rising utilization of LED technology, as it offers several advantages, including energy efficiency, longer lifespan, and the ability to customize light spectra to suit different plant growth stages, is contributing to the growth of the market. These factors not only reduce operational costs for indoor farmers but also contribute to sustainable agriculture practices. Furthermore, growers are increasingly seeking efficient and eco-friendly solutions to support their crop production needs. LEDs produce less heat as compared to conventional lighting sources, such as high-intensity discharge (HID) lamps.     

Favorable Government Initiatives:

Governing agencies in the GCC region are promoting sustainable agriculture practices to reduce their reliance on food imports. They are encouraging research and development (R&D) activities related to indoor farming technologies, which are bolstering the growth of the market. They are also offering subsidies and grants and organizing educational programs that encourage farmers to adopt modern agricultural practices. In addition, the rising development of greenhouse and indoor farming infrastructure is contributing to the growth of the market in the region.      

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-grow-light-market

GCC Grow Light Market Report Segmentation:

By Technology:

HID
LED
Fluorescent
Others

LED represents the largest segment, which can be attributed to the rising focus on energy efficiency. 

By Installation Type:

New Installations
Retrofit Installations

New installations hold the biggest market share due to the escalating demand for fresh and locally sourced goods. 

By Spectrum:

Full-Spectrum
Partial Spectrum

Full-spectrum accounts for the largest market share as it mimics natural sunlight and provides a balanced spectrum of light that supports all stages of plant growth.

By Application:

Indoor Farming
Vertical Farming
Commercial Greenhouse
Turf and Landscaping
Others

Commercial greenhouse exhibit a clear dominance in the market on account of the increasing focus on food security. 

Regional Insights:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Saudi Arabia enjoys a leading position in the GCC grow light market, which can be accredited to favorable government initiatives.  

Global GCC Grow Light Market Trends:

The rising focus on sustainable and locally sourced goods is impelling the market growth in the GCC region. Grow lights support sustainable agriculture by reducing the need for long-distance transportation and the use of pesticides. Grow lights enable the cultivation of a wider variety of crops, including high-value and niche crops that may not thrive in outdoor conditions.

Various countries in the GCC region are experiencing extreme heat and sunlight, which can be challenging for traditional farming. On the other hand, grow lights provide a controlled environment that mitigates these climatic challenges.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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