Vertical Farming Market to witness heavy growth prospects via outdoor application
Category: #business  By Partha Ray  Date: 2019-08-22
  • share
  • Twitter
  • Facebook
  • LinkedIn

Vertical Farming Market to witness heavy growth prospects via outdoor application

Vertical Farming Market in outdoor application is anticipated to grow rapidly over the predicted years. While outdoor vertical farms are a rather common phenomenon, the concept of farming indoors on account of lack of space in urbane locales has been gaining momentum lately. Basically, indoor farms is inclusive of growing fruits, fish, and vegetables in a controlled environment, such as freight containers, parking spaces, and warehouses.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1525

Being a massively practiced controlled environment agriculture technique, indoor farming plays a vital role in combating the rising food demand for the ever-increasing populace. Another pivotal advantage of this type of farming is that it is controlled from external adverse climatic changes and thereby lends extra protection to crops. On account of the fact that it helps produce feed in substantially higher quantities without crop damage, vertical farming market size from indoor farming is expected to depict a CAGR of 28% over 2018-2024.

On technology basis, vertical farming market is bifurcated into hydroponics, aeroponics and aquaponics. Aeroponics shows CAGR of around 28.5% over the forecast timespan as this technique helps in growing plants in an air/mist environment without soil and minimal water. It is gradually gaining momentum as it is among one the most suited ways for vertical farming by utilizing 90% less water than the hydroponic system.

Prominent players operating in this market often engage in collaborations to enhance crop yield and provide a positive impetus to vertical farming market. For instance, Philips Lighting, one of the global lighting technology leaders, announced last year that it has completed the installation of Philips GreenPower LED Production Modules at Ecobain Gardens, the largest commercial vertical farm operation in Canada. Through this venture of upgrading the previously used lighting in the facility from fluorescent to LED, Philips Lighting aims to help the vertical farming market major enhance production on a commercial scale, improve growing cycles, and help to grow healthier plants. The move had been touted to save close to CAD 30,000 in energy costs per year.

Browse key industry insights spread across 270 pages with 217 market data tables & 34 figures & charts from the report, “Vertical Farming Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/vertical-farming-market

Asia Pacific Vertical Farming Market to grow at 30% CAGR over the forecast timespan. According to a report by the UN, in Asian cities with more than or equal to 500,000 inhabitants are projected to increase by 30% by the end of 2030. Asia Pacific is expected to emerge as one of the most popular regional grounds for vertical farming market, primarily aided by countries such as Singapore and Japan where land scarcity has become an issue of national concern plaguing the country. Other countries such as China, India, South Korea, and Taiwan are also touted to become highly lucrative revenue pockets for APAC vertical farming market.

The foremost players in vertical farming market are Plantagon International, American Hydroponics, Sky Greens, Mirai, Urban Crop Solutions, Koninklijke Philips N.V, Green Spirits Farms, Spread Co., etc. There are many equipment manufacturers present in market such as Illumitex, Inc., Everlight Electronics Co. Ltd., etc.

Table Of Content For This Research Report:

Chapter 1. Methodology and Scope

1.1.  Methodology

1.2.  Market definition

1.3.  Market estimation & forecast parameters

1.4.  Data sources

1.1.1. Primary

1.1.2. Secondary

1.1.2.1.   Paid sources

1.1.2.2.   Public sources

Chapter 2. Executive Summary

2.1.  Vertical farming market 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Technology trends

2.1.4. Application trends

2.1.5. Regional trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/vertical-farming-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: www.gminsights.com

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More>>

More News By Partha Ray

Connected Logistics Market Report 2019-2025 By Regional Revenue, Growth & Trends Analysis
Connected Logistics Market Report 2019-2025 By Regional Revenue, Growth & Trends Analysis
By Partha Ray

Global Connected Logistics Market Report provides complete industry analysis, market outlook, size, ...

IOT Utilities Market Size 2019 By Industry Trends, Statistics, Key Companies Growth And Regional Forecast
IOT Utilities Market Size 2019 By Industry Trends, Statistics, Key Companies Growth And Regional Forecast
By Partha Ray

IoT utilities market size is anticipated to grow at a significant rate from 2017 to 2024 driven by i...

Automotive Fuel Cell Market Size 2019 | Europe To Emerge as A Prominent Growth Avenue By 2023
Automotive Fuel Cell Market Size 2019 | Europe To Emerge as A Prominent Growth Avenue By 2023
By Partha Ray

Europe automotive fuel cell market share is projected to expand substantially over the next seven ye...