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(MoneyNewsWire.Net, October 07, 2017 ) According to the report Middle East and Africa Grow Light Market, published by Market Data Forecast the Market is worth USD.43 billion in 2016 and estimated to grow at a CAGR of 22.7%, to reach USD1.18billion by 2021. The Middle East and Asia Grow Light market is developing at an exceptionally quick pace. An artificial light source is used to illuminate the plants for their growth, this is done in areas where there is shortage of light source. This is generally done in winters as there is lack of sunlight.
The amount of light that plants get is enlarged by this artificial source of light. Grow Light moreover imitate the emission spectrum similar to that of sun or according to the needs of the plant. They are used for various purposes like indoor gardening, food production, horticulture, and plant propagation. While grow lights are mostly used on industrial scale, they are used for household purposes also.
Browse market data tables and in-depth TOC of the Middle East and Africa Grow Light Industry to 2021 @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-grow-light-market-3448/
The driving constituents for plants with grow lights are the escalating interest for the capacity to develop, scarcity of space for cultivating particularly in urban communities, and the need to build the yield per unit range without hurting nature. The opportunities in this market are changing and can run from innovative technologies in grow lights, consolidated utilization of normal lighting with simulated lighting, building up a sun focused power based plant manufacturing plant to building numerous level plant production lines which would additionally reduce space necessity. Governments are likewise reassuring plant industrial facilities and grow lights for enhancing the generation
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The Middle East and Africa market for Grow Light is segmented on the basis of technology, type of installation, applications and region. Based on technology, the market is segmented into HID lights, fluorescent lights, LEDs, LEPs, induction lights. Traditional lighting technologies like HID and fluorescent lighting (FL) are quite popular. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies. Although LED grow lights are costly, their long-term advantages in terms of energy efficiency make them an ideal option. Based on type of installation, the market is segmented into new installation and retrofit installation. Based on applications, the market is segmented into indoor farming, vertical farming, commercial greenhouses, rooftop farming, and others.
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Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.
Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax,Heliospectra,LumiFlow are the leaders in the Middle East and Asia Grow Light market.
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