Vertical Farming Market to Rise at 24.8% CAGR Till 2026; Growing Demand for Efficient Crop Produce Will Contribute to Market Growth, Says Fortune Business Insights™

USA - English

• India - English

PUNE, India, Jan. 20, 2020 /PRNewswire/ -- The global vertical farming market size is projected to reach USD 12.04 Billion by 2026. Increasing technological advancements have allowed improved efficacies as well as enhanced output. According to a report published by Fortune Business Insights, titled "Vertical Farming Market Size, Share & Industry Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Structure (Building-Based, Shipping-Container), By Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, and Others) and Regional Forecast, 2019-2026," the market was worth USD 2.13 billion in 2018 and will exhibit a CAGR of 24.8% during the forecast period, 2019-2026.

Vertical farming is a type of indoor as well as outdoor farming that is used to produce food and medicinal plants. These farms are set up with the aim of growing food in challenging environment. The primary aim of vertical farming is to maximize the area per square meter. A vertical farming system involves the use of artificial temperature, light, humidity, and other gases. The constantly rising global population, coupled with the growing demand for plants and other vegetation. Increasing adoption of vertical farming is attributable to the growing demand for environment-friendly ways of producing vegetables and fruits. Increasing concerns regarding organic food will contribute to the growing demand for vertical farming.

To gain more insights into the market with detailed table of content and figures, click here: https://www.fortunebusinessinsights.com/industry-reports/vertical-farming-market-101958

Increasing Number of Company Mergers Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers have had the highest impact on market growth. The increasing investment in the development of newer vertical farming equipment, coupled with the efforts put in to acquire medium as well as small scale enterprises will contribute to the growth of the market. In 2017, Signify Holding. (Philips Lighting) announced a collaboration with Ecobain Gardens to build the first ever commercial vertical farm operation in Canada. This partnership offers customers attractive returns on investments via healthier, nutritious and rich foods that attract new customers. The report identifies a few of the leading company mergers of recent times and gauges their impact on the growth of the market.

Asia Pacific to Dominate the Market; Increasing Use of Technologically Advanced Equipment to Aid Growth

The report analyzes the ongoing vertical farming market trends across major regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in Asia Pacific is projected to dominate the market in the coming years, driven by growing incorporation of technologically advanced systems in vertical farming practices. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years, owing to increasing investments in product R&D. As of 2018, the market in North America was worth USD 664.7 million and this value is likely to increase further in the coming years.

Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/sample/vertical-farming-market-101958 

List of the leading companies that are operating in the global vertical farming market are:

• AeroFarms
• Green Sense Farms Holdings, Inc.
• 4D Bios, Inc.
• Agrilution
• AMHYDRO
• EVERLIGHT ELECTRONICS CO., LTD.
• Koninklijke Philips N.V.
• Hort Americas
• Illumitex Inc.
• Sky Greens
• Plantagon International
• PLENTY UNLIMITED INC
• Thrive Agritech.

Key Industry Developments:

• May 2019 -  Thrive Agritech, Inc., announced the launch of Apex LED grow light for high-intensity applications including supplemental greenhouse lighting and source lighting for indoor farming.
• February 2017 -  Signify Holding. (Philips Lighting) collaborated with Ecobain Gardens to build first commercial vertical farm operation in Canada. Through this, businesses will be able to accelerate growing cycles and grow healthier, more consistent plants. This partnership offers customers attractive returns on investments via healthier, nutritious and rich foods that attract new customers.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/vertical-farming-market-101958

Table of Content:

• Introduction
• Definition, By Segment
• Research Approach
• Sources
• Executive Summary
• Market Dynamics
• Drivers, Restraints and Opportunities
• Emerging Trends
• Industrial Use Cases
• Use Case #1
• Use Case #2
• Use Case #3
• Key Insights
• Macro and Micro Economic Indicators
• Consolidated SWOT Analysis of Key Players
• Global Vertical Farming Market Analysis, Insights and Forecast, 2015-2026
• Key Findings / Summary
• Market Size Estimates and Forecasts
• By Type (Value)
• Hydroponics
• Aeroponics
• Aquaponics
• By Structure (Value)
• Building-Based Vertical Farms
• Shipping-Container Vertical Farms
• By Component (Value)
• Lighting System
• Irrigation and Fertigation System
• Climate Control
• Sensors
• Others
• By Region (Value)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Continued…!!!

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/vertical-farming-market-101958 

(Have a Look at Reports Trending in Information & Technology Industry)

Browse Related Reports:

Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026

Aerial Imaging Market Size, Share and Industry Analysis By Camera Orientation (Oblique, Vertical), Platform (Fixed-Wing Aircraft, Helicopter, UAV/Drones), End-Use Industry (Government, Energy Sector, Defense, Forestry and Agriculture, Real Estate, Civil Engineering, Insurance) And Regional Forecast, 2018-2025

Blockchain in Energy Utilities Market Size, Share & Industry Analysis, By Offerings (Vertical Solutions, Blockchain-as-a-Service), By Deployment (Proof of Concept, Pilot, and Production) and Regional Forecast, 2019-2026

3D Printing Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Technology (Fused Deposition Modeling, Selective Laser Sintering, Stereolithography, Direct Metal Laser Sintering, PolyJet, Multi Jet Fusion (MJF), Others) By Applications (Prototyping, Production, Proof of Concept, and Others), By End-Use (Automotive, Aerospace and Defense, Healthcare, Others) and Regional Forecast, 2019-2026

Energy Management System Market Size, Share, and Industry Analysis By Type (System, Services), By End-User (Oil and Gas, Manufacturing, Building Automation, Energy and Utilities, Automotive, Pharmaceutical, and Others) and Regional Forecast, 2019 - 2026

Unified Communication as a Service (UCaaS) Market Size, Share & Industry Analysis, By Component (Telephony, Unified Messaging, Collaboration Platforms, Conferencing, and Reporting and Analytics), By Organization Size (SMEs, Large Enterprises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Healthcare, Public Sector and Utilities, and Others) and Regional Forecast, 2019-2026

Location-Based Services (LBS) Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Location Type (Indoor, Outdoor), By Application (Emergency Services, Tracking Services, Navigation Services, Others), By End-User (BFSI, IT and Telecommunications, Retail, Transportation and Logistics, Government, Healthcare and Life Sciences, Manufacturing) and Regional Forecast, 2019-2026

Big Data Technology Market Size, Share & Industry Analysis, By Offering (Solution, Services), By Deployment (On-Premise, Cloud, Hybrid), By Application (Customer Analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, Others), By End Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, Others) and Regional Forecast, 2019-2026

Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019 – 2026

Fleet Management Software Market Size, Share and Industry Analysis By Component (Solutions, Services), Solutions (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Services (Professional, Managed), Fleet Type (Commercial Fleet, Passengers Cars), Deployment (Cloud, On-Premise) and Regional Forecast 2019-2026

Cyber Security Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2019 – 2026

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: [email protected] 
Fortune Business Insights™ 
LinkedIn | Twitter | Blogs 
Press Release- https://www.fortunebusinessinsights.com/press-release/vertical-farming-market-9516

SOURCE Fortune Business Insights