Middle East and Africa Greenhouse Grow Light Market was worth USD 0.61 Billion in 2021 and estimated to be growing at a CAGR of 8.48%, to reach USD 0.82 Billion by 2026. Grow lights, particularly LEDs are used in a huge range of farming-related applications, owing to the advantages they offer such as high low power consumption, reliability, and spectral intensity a greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.
Middle East and Africa Greenhouse Grow Light Market Drivers:
The Middle East and Africa Greenhouse Grow Light market is driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Grow Light which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.
Middle East and Africa Greenhouse Grow Light Market – By Spectrum:
Middle East and Africa Greenhouse Grow Light Market – By Installation:
Middle East and Africa Greenhouse Grow Light Market – By Technology:
Middle East and Africa Greenhouse Grow Light Market – By Application:
Geographical Analysis:
The market has been geographically segmented into Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, rising demand among the populace with dispensable incomes and the anticipated growth of demand, are set to help the growth of the market.
Key Players:
The major players operating in the Middle East and Africa Greenhouse Grow Light industry include Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., and Sunlight Supply Inc.
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