LAMEA Grow Lights Market Size, Industry Trends 2022-2028

LAMEA Grow Lights Market Size, Share & Industry Trends Analysis Report By Spectrum, By Technology, By Application, By Installation Type (New Installation and Retrofit), By Offering, By Country and Growth Forecast, 2022 - 2028

Published Date: July-2022 | Number of Pages: 92 | Format: PDF | Report ID: KBV-19188

Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support


COVID-19

Get in-depth analysis of the COVID-19 impact on the LAMEA Grow Lights Market

Market Report Description

The Latin America, Middle East and Africa Grow Lights Market would witness market growth of 32.2% CAGR during the forecast period (2022-2028).

Grow lights have the additional advantage of being more technologically and architecturally adaptable than other lighting alternatives. Many LED growth panels are adaptable, and parts like PCB boards, lenses, drivers, and fans can be replaced to add new functionality. Since the user can easily alter the location of the lights according to the size and height of the greenhouse, it's crucial for greenhouse illumination.

The market for agricultural grow lights is expected to be driven by the rising need for healthy, fresh vegetables, which has fueled the development of the indoor farming industry. Also, the development of grow lights is being fueled by the soaring demand from the poultry industry. For their hens' improved growth, poultry breeders utilize grow lights. It has been discovered that chickens grown under grow lights lay more eggs of greater quality.

Demand in the African region is expected to be driven by the region's expanding urban population and the commercialization of indoor farming. With the high demand for locally produced chicken meat products along with rising government backing, the poultry sector is expanding in the United Arab Emirates. The poultry business is currently concentrating on creating healthier chicken by enhancing feed and living conditions for livestock. Due to the ongoing difficulties caused by COVID-19, the UAE's main objective in 2020 was to stabilize the supply chain for fresh meat and eggs.

The Brazil market dominated the LAMEA Grow Lights Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $284.9 million by 2028.The Argentina market is experiencing a CAGR of 32.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 31.8% during (2022 - 2028).

Based on Spectrum, the market is segmented into Narrow and broad. Based on Technology, the market is segmented into Light Emitting Diode (LED), High Intensity Discharge (HID), Fluorescent and Others. Based on Application, the market is segmented into Commercial Greenhouse, Turf & Landscaping, Indoor Farming, Vertical Farming and Research & Others. Based on Installation Type, the market is segmented into New Installation and Retrofit. Based on Offering, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Grow Lights Market is Predict to reach $11.2 Billion by 2028, at a CAGR of 26.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Heliospectra AB, Gavita International B.V., California LightWorks (MWW Inc.), Valoya Oy, Hortilux Schréder (Dool Industries), Biological Innovation and Optimization Systems, LLC, GE Current, a Daintree company, Kroptek Ltd., and SANlight GmbH.

Scope of the Study

Market Segments Covered in the Report:

By Spectrum

  • Narrow
  • Broad

By Technology

  • Light Emitting Diode (LED)
  • High Intensity Discharge (HID)
  • Fluorescent
  • Others

By Application

  • Commercial Greenhouse
  • Turf & Landscaping
  • Indoor Farming
  • Vertical Farming
  • Research & Others

By Installation Type

  • New Installation
  • Retrofit

By Offering

  • Hardware
  • Software
  • Services

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Signify N.V.
  • Heliospectra AB
  • Gavita International B.V.
  • California LightWorks (MWW Inc.)
  • Valoya Oy
  • Hortilux Schréder (Dool Industries)
  • Biological Innovation and Optimization Systems, LLC
  • GE Current, a Daintree company
  • Kroptek Ltd.
  • SANlight GmbH

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

Global Grow Lights Market Report 2022-2028

North America Grow Lights Market Report 2022-2028

Asia Pacific Grow Lights Market Report 2022-2028

Europe Grow Lights Market Report 2022-2028

Purchase Report

 1500
 1800
 2520

Special Pricing & Discounts

  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities