DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Vertical Farming Market Analysis & Forecast, 2016-2022" report to their offering.
The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.
The emerging need of sustainable farming operations, decreasing arable land and scarcity of natural resources enabled the introduction of vertical farming at the global level. The market largely comprises of growth mechanisms, components and fixtures required for the viable vertical farming operations. The growth in the market is accredited to the overall cost effectiveness of the technology, increasing global food demand and the customization option provided to the users.
The promise of surplus food production and reduced wastage of resources has given the much needed impetus to vertical farming market globally. This alternative to conventional farming has emerged as an ideal solution for ensuring food sufficiency by growing plants in vertically stacked structures.
The component market is classified into: lighting devices, hydroponic components, climate control, and sensing devices. The report includes market sizing & estimation by components, by growth mechanism, and by geographical location. The continuous growth in the industry has compelled the analysts to add a detailed chapter on the market dynamics, including the prime driving and restraining forces, along with opportunities for growth and expansion in the global vertical farming market through the forecast period.
- Aero Farms
- American Hydroponics
- Everlight Electronics co. Ltd
- Hort Americas
- Illumitex Inc.
- Indoor Harvest Corporation
- Koninklijke Philips n.v
Key Topics Covered:
1 Report Scope and Methodology
2 Industry Analysis
3 Market Dynamics
4 Competitive Insights
5 Vertical Farming Market by Components
6 Vertical Farming Market by Growth Mechanism
7 Vertical Farming Market by Geography
8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/rx8bnz/global_vertical
Related Topics: Agriculture