Global Vertical Farming Market to Reach $6.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Vertical Farming estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2027, growing at a CAGR of 14% over the period 2020-2027. Lighting, one of the segments analyzed in the report, is projected to record a 13.9% CAGR and reach US$2.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hydroponic Components segment is readjusted to a revised 13.6% CAGR for the next 7-year period.The U.S. Market is Estimated at $728.7 Million, While China is Forecast to Grow at 16.4% CAGR
The Vertical Farming market in the U.S. is estimated at US$728.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 16.4% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 12.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.Climate Control Segment to Record 16% CAGR
In the global Climate Control segment, USA, Canada, Japan, China and Europe will drive the 16% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$276 Million in the year 2020 will reach a projected size of US$744.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 70 Featured)
- 4D Bios, Inc.
- AeroFarms LLC
- Agrilution Systems GmbH
- AMHYDRO (American Hydroponics)- Everlight Electronics Co., Ltd.
- Freight Farms
- General Hydroponics, Inc.
- Heliospectra AB
- FarmVisionAI
- Mirai Co., Ltd.
- Osram Licht AG
- Plenty Unlimited, Inc.
- Signify Holding
- Sky Greens
- Spread Co., Ltd.
- Urban Crop Solutions
- Valoya Ltd
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 311 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 2.7 Billion |
Forecasted Market Value ( USD | $ 6.8 Billion |
Compound Annual Growth Rate | 14.1% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPE
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- 4D Bios, Inc.
- AeroFarms LLC
- Agrilution Systems GmbH
- AMHYDRO (American Hydroponics)
- Everlight Electronics Co., Ltd.
- Freight Farms
- General Hydroponics, Inc.
- Heliospectra AB
- FarmVisionAI
- Mirai Co., Ltd.
- Osram Licht AG
- Plenty Unlimited, Inc.
- Signify Holding
- Sky Greens
- Spread Co., Ltd.
- Urban Crop Solutions
- Valoya Ltd