MarkNtel Advisors is a top market research company, has just published a report titled ” Middle East & Africa Solar Greenhouse Market: Analysis, Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028.” The report provides a thorough examination of the industry, offering insights into the size of the Middle East & Africa Solar Greenhouse Market.
Middle East & Africa Solar Greenhouse Market Insights and Analysis:
The Middle East & Africa Solar Greenhouse Market is presumed to record an influential CAGR of around 30.28% during the forecast period (2023-28).
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What are the primary trends influencing the expansion of the Middle East & Africa Solar Greenhouse Market?
The Middle East & Africa Solar Greenhouse Market Trend:
Technological Developments in the Solar PV – The Middle East & Africa region is witnessing increasing development of controlled environment agriculture involving greenhouses & vertical farming, in line with the expansion of the local food & agriculture industry in recent years. The emergence of agro voltaic, which implicates the joint development of the same land area for solar photovoltaic & agriculture, has been further heightening the expansion of the agriculture sector. Therefore, regional governments & institutions are constantly involved in R&D activities to further enhance the efficiency of operations leading to advancements in the agro voltaic industry. For instance,
In 2022, Mirai Solar, a solar energy start-up of Saudi Arabia’s King Abdullah University of Science and Technology (KAUST), developed a foldable, flexible, and semi-transparent solar panel for agrivoltaic applications. This was specifically designed for locations with high solar radiation levels to protect plants from excessive sunlight, along with the generation of electricity.
Thus, growing R&D initiatives combined with augmenting government support for such advancements are raising awareness about solar-powered greenhouse systems among farmers & companies, further widening the adoption of such systems & contributing to market growth.
What does market segmentation encompass?
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Middle East & Africa Solar Greenhouse Market (2023-28). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size and volume across diverse segmentation categories.
Market Divided, By Application
-Vegetables- Market Size & Forecast 2018-2028, USD Million
-Fruits- Market Size & Forecast 2018-2028, USD Million
-Flowers & Ornamental Plants– Market Size & Forecast 2018-2028, USD Million
Market Divided, By Technology
-Low-Tech (Upto 80 Kwh/sq.m./year)- Market Size & Forecast 2018-2028, USD Million
-Med-Tech (80.1 Kwh – 400 Kwh/sq.m./year)- Market Size & Forecast 2018-2028, USD Million
-High-Tech- (Above 400 Kwh/sq.m./year)- Market Size & Forecast 2018-2028, USD Million
Market Divided, By Competition
-Market Share of Top Companies
Market Divided, By Country
-Saudi Arabia
-The UAE
-Israel
-Morocco
-Qatar
-Rest of the Middle East & Africa.
The Middle East & Africa Solar Greenhouse Market (2023-28): Segmentation Analysis
The Middle East & Africa Solar Greenhouse Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the regional & national levels. Based on the analysis, the market has been further classified as:
Based on Application:
- Vegetables
- Fruits
- Flowers & Ornamental Plants
Fruits & Vegetables acquired a significant share since the majority of the farms in the MEA cultivate fruits & vegetables to cater to the growing needs of the rising population of the region. Further to minimize the food vulnerabilities such as food stock, prices, and other food security challenges, the government is focusing on encouraging the cultivation of fruits & vegetables. Besides, flowers & Ornamental Plants acquired less share owing to the fact that the flowers are cultivated only for decorative purposes. Along with this, the government initiatives to further promote sustainable farming and the production of edible crops to mitigate the dependence on other countries would increase the sale in the forecast years as well.
Further, the flexibility of optimization of the controlled environment agriculture in meeting the specific needs of crops such as tomatoes, cucumbers, peppers, lettuce, and herbs is promoting the use of greenhouses for the cultivation of vegetables in the region, therefore influencing the market growth.
Middle East & Africa Solar Greenhouse Market Competitive Landscape:
The competitive landscape of an Middle East & Africa Solar Greenhouse market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Let us know the Key Companies of the Middle East & Africa Solar Greenhouse Market:
-Mirai Solar
-RedSea Farms
-Kingpeng
-Enel Green Power
-Akuo Energy
-Next2Sun
-DUSOL
-BayWa r.e.
-Insolight.
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