GCC Grow Light Market Size | Industry Research Report 2023-2028

GCC Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4320

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Market Overview:

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 artificial light sources that emit electromagnetic spectrum to stimulate plant growth. They are commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. The different elements of these lights, such as color, intensity, and temperature, can be controlled to mimic outdoor settings. This creates an ideal environment for photosynthesis, thus resulting in an improved crop yield. As a result, grow lights are widely adopted in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.

The GCC grow light market is majorly being driven by the rising urban cultivation, growing environmental consciousness, and the increasing awareness regarding the sustainable properties of these lights. In addition to this, the emerging trend of vertical, rooftop, and commercial greenhouse farming is further catalyzing the market growth. Moreover, grow lights offer several benefits, including versatility, color quality, energy efficiency, and cost-effectiveness, which is facilitating its widescale utilization across the agriculture sector. Furthermore, continuous investments in research and development (R&D) activities to promote innovations in agricultural science and technology are acting as another growth-inducing factor. Apart from this, the large-scale integration of grow lights with the Internet of Things (IoT) and the rapid deployment of solar-powered agricultural plants are creating a positive outlook for the market in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC grow light market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on technology, installation type, spectrum and 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Technology, Installation Type, Spectrum, Application, Country
Countries Covered	Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The GCC grow light market was valued at US$ 14.6 Million in 2022.

We expect the GCC grow light market to exhibit a CAGR of 12.7% during 2023-2028.

The emerging trend of vertical, rooftop, and commercial greenhouse farming, along with the rising adoption of grow lights across the agriculture sector, owing to their various associated benefits, such as versatility, color quality, cost-effectiveness, energy efficiency, etc., is primarily driving the GCC grow light market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations, resulting in the temporary closure of numerous manufacturing units for grow lights.

Based on the technology, the GCC grow light market has been divided into HID, LED, fluorescent, and others. Among these, LED currently exhibits a clear dominance in the market.

Based on the installation type, the GCC grow light market can be categorized into new installations and retrofit installations. Currently, new installations account for the majority of the total market share.

Based on the spectrum, the GCC grow light market has been segregated into full-spectrum and partial spectrum, where full-spectrum currently exhibits a clear dominance in the market.

Based on the application, the GCC grow light market can be bifurcated into indoor farming, vertical farming, commercial greenhouse, turf and landscaping, and others. Currently, commercial greenhouse holds the largest market share.

On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where Saudi Arabia currently dominates the GCC grow light market.

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