According to Stratistics MRC, the Global Vertical Farming Market is estimated at $1.15 billion in 2015 and is poised to reach $6.31 billion by 2022, growing at a CAGR of 27.5%. Increasing inclination towards healthy food without pesticides, rising urban population and no weather related crop failures are the factors favoring the market growth. However, limited variety of crops, high initial investment and lack of technical insights are the restraining factors for vertical farming market. Rapidly increasing city population has made farm land inadequate for cultivation, so there is need for alternative farming techniques which acts as opportunity for vertical farming.
Based on functional device, lighting segment is likely to dominate the vertical farming market during the forecast period, due to the replacement of traditional lighting systems by energy-efficient LEDs. Many advantages associated with hydroponics such as recycling of water and reduced nutrition costs, is expected to exhibit considerable growth over the forecast period. Asia-Pacific region is projected to hold the largest share of global vertical farming market due to increasing demand for high quality food, rising urban population and government incentives in China, Singapore, and Japan.
Some of the key players in the global market include Aerofarms, Agrilution, American Hydroponics, Everlight Electronics, Farmedhere, Green Sense Farms, Hort Americas, Illumitex, Inc., Koninklijke Philips N.V, Moflo Aeroponics, Nihon Advanced Agri Corporation, Pacific Group, Philips Horticulture Lamps, Sky Green and Spread Co.
Functional Devices Covered:
• Climate Control
o Air Purification/Control
o Ventilation Fans
o Other Climate Controlers
• Hydroponics Components
o Meters & Solutions
o Pumps & Irrigation
o Water Filtration
o Other Hydroponics Components
• Lighting
o Grow Light Ballasts
o Grow Light Reflectors
o Grow Light
• Sensors
o Crop Sensor
o Co2 Sensor
o Nutrient Sensor
o Ph Sensor
o Other Sensors
Growth Mechanisms Covered:
• Hydroponics
• Aeroponics
• Other Growth Mechanisms
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vertical Farming Market, By Functional Device
5.1 Introduction
5.2 Climate Control
5.2.1 Air Purification/Control
5.2.2 Ventilation Fans
5.2.3 Other Climate Controlers
5.3 Hydroponics Components
5.3.1 Meters & Solutions
5.3.2 Pumps & Irrigation
5.3.3 Water Filtration
5.3.4 Other Hydroponics Components
5.4 Lighting
5.4.1 Grow Light Ballasts
5.4.2 Grow Light Reflectors
5.4.3 Grow Light
5.4.3.1 Hybrid Electrode Fluorescent Lamp (HEFL)
5.4.3.2 LED Light
5.4.3.3 Grow Light Bulbs
5.4.3.4 Other Grow Lights
5.5 Sensors
5.5.1 Crop Sensor
5.5.2 Co2 Sensor
5.5.3 Nutrient Sensor
5.5.4 Ph Sensor
5.5.5 Other Sensors
6 Global Vertical Farming Market, By Growth Mechanism
6.1 Introduction
6.2 Hydroponics
6.3 Aeroponics
6.4 Other Growth Mechanisms
7 Global Vertical Farming Market, By Geography
7.1 North America
7.1.1 US
7.1.2 Canada
7.1.3 Mexico
7.2 Europe
7.2.1 Germany
7.2.2 France
7.2.3 Italy
7.2.4 UK
7.2.5 Spain
7.2.6 Rest of Europe
7.3 Asia Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Australia
7.3.5 New Zealand
7.3.6 Rest of Asia Pacific
7.4 Rest of the World
7.4.1 Middle East
7.4.2 Brazil
7.4.3 Argentina
7.4.4 South Africa
7.4.5 Egypt
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Aerofarms
9.2 Agrilution
9.3 American Hydroponics
9.4 Everlight Electronics
9.5 Farmedhere
9.6 Green Sense Farms
9.7 Hort Americas
9.8 Illumitex, Inc.
9.9 Koninklijke Philips N.V
9.10 Moflo Aeroponics
9.11 Nihon Advanced Agri Corporation
9.12 Pacific Group
9.13 Philips Horticulture Lamps
9.14 Sky Green
9.15 Spread Co.
List Of Tables
1 Global Vertical Farming Market Outlook, By Region (2013-2022) ($MN)
2 Global Vertical Farming Market Outlook, By Functional Device (2013-2022) ($MN)
3 Global Vertical Farming Market Outlook, By Climate Control (2013-2022) ($MN)
4 Global Vertical Farming Market Outlook, By Air Purification/Control (2013-2022) ($MN)
5 Global Vertical Farming Market Outlook, By Ventilation Fans (2013-2022) ($MN)
6 Global Vertical Farming Market Outlook, By Other Climate Controlers (2013-2022) ($MN)
7 Global Vertical Farming Market Outlook, By Hydroponics Components (2013-2022) ($MN)
8 Global Vertical Farming Market Outlook, By Meters & Solutions (2013-2022) ($MN)
9 Global Vertical Farming Market Outlook, By Pumps & Irrigation (2013-2022) ($MN)
10 Global Vertical Farming Market Outlook, By Water Filtration (2013-2022) ($MN)
11 Global Vertical Farming Market Outlook, By Other Hydroponics Components (2013-2022) ($MN)
12 Global Vertical Farming Market Outlook, By Lighting (2013-2022) ($MN)
13 Global Vertical Farming Market Outlook, By Grow Light Ballasts (2013-2022) ($MN)
14 Global Vertical Farming Market Outlook, By Grow Light Reflectors (2013-2022) ($MN)
15 Global Vertical Farming Market Outlook, By Grow Light (2013-2022) ($MN)
16 Global Vertical Farming Market Outlook, By Sensors (2013-2022) ($MN)
17 Global Vertical Farming Market Outlook, By Crop Sensor (2013-2022) ($MN)
18 Global Vertical Farming Market Outlook, By Co2 Sensor (2013-2022) ($MN)
19 Global Vertical Farming Market Outlook, By Nutrient Sensor (2013-2022) ($MN)
20 Global Vertical Farming Market Outlook, By Ph Sensor (2013-2022) ($MN)
21 Global Vertical Farming Market Outlook, By Other Sensors (2013-2022) ($MN)
22 Global Vertical Farming Market Outlook, By Growth Mechanism (2013-2022) ($MN)
23 Global Vertical Farming Market Outlook, By Hydroponics (2013-2022) ($MN)
24 Global Vertical Farming Market Outlook, By Aeroponics (2013-2022) ($MN)
25 Global Vertical Farming Market Outlook, By Other Growth Mechanisms (2013-2022) ($MN)
26 North America Vertical Farming Market Outlook, By Functional Device (2013-2022) ($MN)
27 North America Vertical Farming Market Outlook, By Climate Control (2013-2022) ($MN)
28 North America Vertical Farming Market Outlook, By Air Purification/Control (2013-2022) ($MN)
29 North America Vertical Farming Market Outlook, By Ventilation Fans (2013-2022) ($MN)
30 North America Vertical Farming Market Outlook, By Other Climate Controlers (2013-2022) ($MN)
31 North America Vertical Farming Market Outlook, By Hydroponics Components (2013-2022) ($MN)
32 North America Vertical Farming Market Outlook, By Meters & Solutions (2013-2022) ($MN)
33 North America Vertical Farming Market Outlook, By Pumps & Irrigation (2013-2022) ($MN)
34 North America Vertical Farming Market Outlook, By Water Filtration (2013-2022) ($MN)
35 North America Vertical Farming Market Outlook, By Other Hydroponics Components (2013-2022) ($MN)
36 North America Vertical Farming Market Outlook, By Lighting (2013-2022) ($MN)
37 North America Vertical Farming Market Outlook, By Grow Light Ballasts (2013-2022) ($MN)
38 North America Vertical Farming Market Outlook, By Grow Light Reflectors (2013-2022) ($MN)
39 North America Vertical Farming Market Outlook, By Grow Light (2013-2022) ($MN)
40 North America Vertical Farming Market Outlook, By Sensors (2013-2022) ($MN)
41 North America Vertical Farming Market Outlook, By Crop Sensor (2013-2022) ($MN)
42 North America Vertical Farming Market Outlook, By Co2 Sensor (2013-2022) ($MN)
43 North America Vertical Farming Market Outlook, By Nutrient Sensor (2013-2022) ($MN)
44 North America Vertical Farming Market Outlook, By Ph Sensor (2013-2022) ($MN)
45 North America Vertical Farming Market Outlook, By Other Sensors (2013-2022) ($MN)
46 North America Vertical Farming Market Outlook, By Growth Mechanism (2013-2022) ($MN)
47 North America Vertical Farming Market Outlook, By Hydroponics (2013-2022) ($MN)
48 North America Vertical Farming Market Outlook, By Aeroponics (2013-2022) ($MN)
49 North America Vertical Farming Market Outlook, By Other Growth Mechanisms (2013-2022) ($MN)
50 Europe Vertical Farming Market Outlook, By Functional Device (2013-2022) ($MN)
51 Europe Vertical Farming Market Outlook, By Climate Control (2013-2022) ($MN)
52 Europe Vertical Farming Market Outlook, By Air Purification/Control (2013-2022) ($MN)
53 Europe Vertical Farming Market Outlook, By Ventilation Fans (2013-2022) ($MN)
54 Europe Vertical Farming Market Outlook, By Other Climate Controlers (2013-2022) ($MN)
55 Europe Vertical Farming Market Outlook, By Hydroponics Components (2013-2022) ($MN)
56 Europe Vertical Farming Market Outlook, By Meters & Solutions (2013-2022) ($MN)
57 Europe Vertical Farming Market Outlook, By Pumps & Irrigation (2013-2022) ($MN)
58 Europe Vertical Farming Market Outlook, By Water Filtration (2013-2022) ($MN)
59 Europe Vertical Farming Market Outlook, By Other Hydroponics Components (2013-2022) ($MN)
60 Europe Vertical Farming Market Outlook, By Lighting (2013-2022) ($MN)
61 Europe Vertical Farming Market Outlook, By Grow Light Ballasts (2013-2022) ($MN)
62 Europe Vertical Farming Market Outlook, By Grow Light Reflectors (2013-2022) ($MN)
63 Europe Vertical Farming Market Outlook, By Grow Light (2013-2022) ($MN)
64 Europe Vertical Farming Market Outlook, By Sensors (2013-2022) ($MN)
65 Europe Vertical Farming Market Outlook, By Crop Sensor (2013-2022) ($MN)
66 Europe Vertical Farming Market Outlook, By Co2 Sensor (2013-2022) ($MN)
67 Europe Vertical Farming Market Outlook, By Nutrient Sensor (2013-2022) ($MN)
68 Europe Vertical Farming Market Outlook, By Ph Sensor (2013-2022) ($MN)
69 Europe Vertical Farming Market Outlook, By Other Sensors (2013-2022) ($MN)
70 Europe Vertical Farming Market Outlook, By Growth Mechanism (2013-2022) ($MN)
71 Europe Vertical Farming Market Outlook, By Hydroponics (2013-2022) ($MN)
72 Europe Vertical Farming Market Outlook, By Aeroponics (2013-2022) ($MN)
73 Europe Vertical Farming Market Outlook, By Other Growth Mechanisms (2013-2022) ($MN)
74 Asia Pacific Vertical Farming Market Outlook, By Functional Device (2013-2022) ($MN)
75 Asia Pacific Vertical Farming Market Outlook, By Climate Control (2013-2022) ($MN)
76 Asia Pacific Vertical Farming Market Outlook, By Air Purification/Control (2013-2022) ($MN)
77 Asia Pacific Vertical Farming Market Outlook, By Ventilation Fans (2013-2022) ($MN)
78 Asia Pacific Vertical Farming Market Outlook, By Other Climate Controlers (2013-2022) ($MN)
79 Asia Pacific Vertical Farming Market Outlook, By Hydroponics Components (2013-2022) ($MN)
80 Asia Pacific Vertical Farming Market Outlook, By Meters & Solutions (2013-2022) ($MN)
81 Asia Pacific Vertical Farming Market Outlook, By Pumps & Irrigation (2013-2022) ($MN)
82 Asia Pacific Vertical Farming Market Outlook, By Water Filtration (2013-2022) ($MN)
83 Asia Pacific Vertical Farming Market Outlook, By Other Hydroponics Components (2013-2022) ($MN)
84 Asia Pacific Vertical Farming Market Outlook, By Lighting (2013-2022) ($MN)
85 Asia Pacific Vertical Farming Market Outlook, By Grow Light Ballasts (2013-2022) ($MN)
86 Asia Pacific Vertical Farming Market Outlook, By Grow Light Reflectors (2013-2022) ($MN)
87 Asia Pacific Vertical Farming Market Outlook, By Grow Light (2013-2022) ($MN)
88 Asia Pacific Vertical Farming Market Outlook, By Sensors (2013-2022) ($MN)
89 Asia Pacific Vertical Farming Market Outlook, By Crop Sensor (2013-2022) ($MN)
90 Asia Pacific Vertical Farming Market Outlook, By Co2 Sensor (2013-2022) ($MN)
91 Asia Pacific Vertical Farming Market Outlook, By Nutrient Sensor (2013-2022) ($MN)
92 Asia Pacific Vertical Farming Market Outlook, By Ph Sensor (2013-2022) ($MN)
93 Asia Pacific Vertical Farming Market Outlook, By Other Sensors (2013-2022) ($MN)
94 Asia Pacific Vertical Farming Market Outlook, By Growth Mechanism (2013-2022) ($MN)
95 Asia Pacific Vertical Farming Market Outlook, By Hydroponics (2013-2022) ($MN)
96 Asia Pacific Vertical Farming Market Outlook, By Aeroponics (2013-2022) ($MN)
97 Asia Pacific Vertical Farming Market Outlook, By Other Growth Mechanisms (2013-2022) ($MN)
98 Rest of the World (RoW) Vertical Farming Market Outlook, By Functional Device (2013-2022) ($MN)
99 Rest of the World (RoW) Vertical Farming Market Outlook, By Climate Control (2013-2022) ($MN)
100 Rest of the World (RoW) Vertical Farming Market Outlook, By Air Purification/Control (2013-2022) ($MN)
101 Rest of the World (RoW) Vertical Farming Market Outlook, By Ventilation Fans (2013-2022) ($MN)
102 Rest of the World (RoW) Vertical Farming Market Outlook, By Other Climate Controlers (2013-2022) ($MN)
103 Rest of the World (RoW) Vertical Farming Market Outlook, By Hydroponics Components (2013-2022) ($MN)
104 Rest of the World (RoW) Vertical Farming Market Outlook, By Meters & Solutions (2013-2022) ($MN)
105 Rest of the World (RoW) Vertical Farming Market Outlook, By Pumps & Irrigation (2013-2022) ($MN)
106 Rest of the World (RoW) Vertical Farming Market Outlook, By Water Filtration (2013-2022) ($MN)
107 Rest of the World (RoW) Vertical Farming Market Outlook, By Other Hydroponics Components (2013-2022) ($MN)
108 Rest of the World (RoW) Vertical Farming Market Outlook, By Lighting (2013-2022) ($MN)
109 Rest of the World (RoW) Vertical Farming Market Outlook, By Grow Light Ballasts (2013-2022) ($MN)
110 Rest of the World (RoW) Vertical Farming Market Outlook, By Grow Light Reflectors (2013-2022) ($MN)
111 Rest of the World (RoW) Vertical Farming Market Outlook, By Grow Light (2013-2022) ($MN)
112 Rest of the World (RoW) Vertical Farming Market Outlook, By Sensors (2013-2022) ($MN)
113 Rest of the World (RoW) Vertical Farming Market Outlook, By Crop Sensor (2013-2022) ($MN)
114 Rest of the World (RoW) Vertical Farming Market Outlook, By Co2 Sensor (2013-2022) ($MN)
115 Rest of the World (RoW) Vertical Farming Market Outlook, By Nutrient Sensor (2013-2022) ($MN)
116 Rest of the World (RoW) Vertical Farming Market Outlook, By Ph Sensor (2013-2022) ($MN)
117 Rest of the World (RoW) Vertical Farming Market Outlook, By Other Sensors (2013-2022) ($MN)
118 Rest of the World (RoW) Vertical Farming Market Outlook, By Growth Mechanism (2013-2022) ($MN)
119 Rest of the World (RoW) Vertical Farming Market Outlook, By Hydroponics (2013-2022) ($MN)
120 Rest of the World (RoW) Vertical Farming Market Outlook, By Aeroponics (2013-2022) ($MN)
121 Rest of the World (RoW) Vertical Farming Market Outlook, By Other Growth Mechanisms (2013-2022) ($MN)
