GCC Grow Light Market Size to Surpass US$ 30.6 Million by 2028 at 12.7% CAGR

According to the latest report by IMARC Group, “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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

GCC Grow Light Market

Grow light refers to the artificial lights that facilitate the process of photosynthesis among plants to help them grow. It involves the electromagnetic spectrum that is utilized in light-emitting diodes (LED), fluorescent lights, and high-intensity discharge (HID) and incandescent lighting systems. This technology is widely employed as a crucial component in indoor and vertical farming, commercial greenhouse, and indoor gardening.

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GCC Grow Light Market Trends and Drivers:

The market in the GCC region is primarily driven by continual technological advancements in the agriculture sector. Moreover, the widespread integration of chip-on-board technology with grow lights, which enables the emission of higher intensity and uniform light, is providing an impetus to the market growth. Along with this, the rising preference for indoor cultivation due to the extreme climatic conditions prevailing across the region is also creating a positive outlook for the market. Other factors, including the increasing demand for organic produce and extensive research and development (R&D) activities conducted by key players in agricultural science, are contributing to the market growth further.

GCC Grow Light Market 2023-2028 Analysis and Segmentation:

The report has segmented the market on the basis on country, technology, installation type, spectrum, application.

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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