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.
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