Vertical Farming Market Is Expected To Grow At A CAGR of 22.4% Through The Forecast Period
“The global vertical farming market size was valued at USD 1.15 billion in 2015. The increased use of Internet of Things (IoT) sensors, for producing crops, is likely to spur the market demand over the forecast period�
The global Vertical Farming Market is anticipated to reach USD 9.9 billion by 2025, according to a new report by Grand View Research, Inc. The increased use of Internet of Things (IoT) sensors, for producing crops, is likely to spur the market demand over the forecast period. The information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data & predictive analytics, for maximizing yields, are also likely to drive the market. Access Full Research Report on Global Vertical Farming Market : http://www.grandviewresearch.com/industry-analysis/vertical-farming-market Genetically modified organisms and environmental & health effects of pesticides & other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by 11% in 2015, owing to the
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increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990 the handlers and growers of organic products need to comply with the regulations Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as highpressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period. Hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors, such as high initial investment and fewer crop varieties, are likely to restrain the market growth. Further key findings from the study suggest:
The escalating production of biopharmaceutical products is anticipated to drive the market
The building-based segment is expected to portray high growth rate with a CAGR of 24.8% over the projected period
The climate control segment is expected to witness high growth rate over the forecast period, as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals
The aeroponics segment is also expected to have considerable growth over the forecast period, as the aeroponics facilitates fast growth in plants (under normal conditions)
The North American regional market is expected to have significant growth over the forecast period, owing to the expansion of small-scale, commercial vertical farms
The key players of the market include BrightFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Green Sense Farms, LLC (U.S.)
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Grand View Research has segmented the Vertical Farming Market based on structure, offering, growing mechanism, and regions: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/technology Table of Content of Global Vertical Farming Market Research Report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Vertical Farming - Industry Snapshot & Key Buying Criteria, 2014 2025 Chapter 3. Vertical Farming Industry Outlook 3.1. Market Segmentation & Scope 3.2. Vertical Farming Market Size and Growth Prospects 3.3. Vertical Farming - Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis 3.4.3. Market challenge analysis 3.5. Key Opportunities - Prioritized 3.6. Vertical Farming- Key Company Analysis, 2015 3.6.1. Key company analysis, 2015 3.7. Industry Analysis - Porter’s 3.8. Vertical Farming- PEST Analysis Chapter 4. Vertical Farming: Structure Estimates & Trend Analysis
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4.1. Vertical Farming Market: Structure Analysis 4.1.1. Shipping container 4.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 4.1.2. Building-based 4.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 5. Vertical Farming: Offering Estimates & Trend Analysis 5.1. Vertical Farming Market: Offering Analysis 5.1.1. Lighting 5.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 5.1.2. Hydroponic components 5.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 5.1.3. Climate control 5.1.3.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 5.1.4. Sensors 5.1.4.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 6. Vertical Farming: Growing Mechanism Estimates & Trend Analysis 6.1. Vertical Farming Market: Growing Mechanism Analysis 6.1.1. Hydroponics 6.1.1.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 6.1.2. Aeroponics
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6.1.2.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) 6.1.3. Aquaponics 6.1.3.1. Global market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 7. Vertical Farming: Regional Estimates & Trend Analysis 7.1. Vertical farming Market Share By Region, 2015 &2025 7.2. North America 7.2.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.2.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.2.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million) 7.2.4. U.S. 7.2.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.2.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.2.4.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.2.5. Canada 7.2.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.2.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.2.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.2.6. Mexico 7.2.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million)
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7.2.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.2.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.3. Europe 7.3.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.3.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.3.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million) 7.3.4. Germany 7.3.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.3.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.3.4.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.3.5. UK 7.3.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.3.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.3.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.3.6. France 7.3.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.3.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.3.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.4. Asia Pacific
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7.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.4.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million) 7.4.4. China 7.4.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.4.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.4.4.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.4.5. Japan 7.4.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.4.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.4.5.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.4.6. India 7.4.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.4.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.4.6.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.5. South America 7.5.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.5.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.5.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million)
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7.5.4. Brazil 7.5.4.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.5.4.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.5.4.3. Vertical farming market by growing mechanism 2014 - 2025 (USD Million) 7.6. MEA 7.6.1. Vertical farming market by structure, 2014 - 2025 (USD Million) 7.6.2. Vertical farming market by offering, 2014 - 2025 (USD Million) 7.6.3. Vertical farming market by growing mechanism, 2014 - 2025 (USD Million) Chapter 8. Competitive Landscape 8.1. Agrilution 8.1.1. Company overview 8.1.2. Product benchmarking 8.1.3. Recent developments 8.2. American Hydroponics 8.2.1. Company overview 8.2.2. Product benchmarking 8.2.3. Recent developments 8.3. AeroFarms 8.3.1. Company overview 8.3.2. Product benchmarking 8.3.3. Recent developments 8.4. BrightFarms 8.4.1. Company overview 8.4.2. Product benchmarking
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8.4.3. Recent developments 8.5. Everlight Electronics Co., Ltd. 8.5.1. Company overview 8.5.2. Financial performance 8.5.3. Product benchmarking 8.5.4. Recent developments 8.6. Freight Farms 8.6.1. Company overview 8.6.2. Product benchmarking 8.6.3. Recent developments 8.7. GrowUp Urban Farms 8.7.1. Company overview 8.7.2. Product benchmarking 8.7.3. Recent developments 8.8. Green Sense Farms, LLC 8.8.1. Company overview 8.8.2. Product benchmarking 8.8.3. Recent developments 8.9. Illumitex, Inc. 8.9.1. Company overview 8.9.2. Product benchmarking 8.9.3. Recent developments 8.10. Vertical Farm Systems 8.10.1. Company overview 8.10.2. Product benchmarking 8.10.3. Recent developments
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About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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