New York, October 21, 2021 (GLOBE NEWSWIRE) – The new research study on the Vertical Agriculture Market Size and forecasts until 2028 by growth mechanism (hydroponics, aeroponics and aquaponics) and component (lighting, sensor, climate control, irrigation component, building material and others) with assessment of the impact of the COVID pandemic -19 and global analysis available on https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00007018

Vertical Agriculture Market: Competitive Landscape and Key Developments
Agrilution Systems GmBh; Aerofarms, LLC; Green technology from Eden; To raise; iClose; OSRAM; Plenty Unlimited Inc .; Square Mile Farms Ltd .; Greens of the sky; and Vertical Farm Systems are among the main players presented during this market study. In addition, several other essential market players have been studied and analyzed to get a holistic view of the global vertical agriculture market and its ecosystem.

In 2021, AeroFarms announced that it will expand its presence in St. Louis, Missouri, United States, with an indoor vertical farm spanning 150,000 square feet. The expansion would provide AeroFarms with quick access to retail partners across the Midwest in the United States.

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Over the years, the vertical farming market has grown significantly. The growing awareness of the advantages offered by vertical agriculture has emerged as the key factor in this growth. Since vertical farming is not weather dependent, it allows farmers to achieve consistent annual crop production without having to worry about adverse weather conditions. It also allows them to produce more in a small area. Compared to conventional farming, vertical farming yields approximately 240 times better results while requiring 99% less land and 98% less water. The rise of next-generation AI-powered vertical agricultural technologies, which have significantly contributed to reducing land and water consumption, is significantly driving the growth of this market.

North America dominated the vertical agriculture market in 2020. The regional market is expected to remain the major revenue generator in the global vertical agriculture market with United States and Canada each holding market share. important. These countries have invested heavily in modern farming practices, which has resulted in increased adoption of vertical farming techniques. Additionally, North America has been extremely responsive to the implementation of the latest technological advancements, such as the integration of cutting edge technologies including IoT and AI in vertical agriculture. With growing awareness of the benefits of vertical farming, the market in this region is growing. The rise in the use of vertical agriculture for the cultivation of herbs and medicinal plants is also helping this regional market. In May 2019, a Canadian recreational and medicinal marijuana grower selected LumiGrow Inc. as an LED lighting partner for its six-acre greenhouse cannabis expansion project.

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Today, precision farming technologies that include automatic steering, yield monitoring, remote sensing, electronic field sensors, section and row control on planters, and spatial data management are the most popular trends in the vertical farming market. With the increasing demand for food, farmers and farmers are increasingly turning to precision agriculture with the aim of improving time management, reducing the use of water and chemicals, improve yield and produce healthier crops. Precision farming allows them to maximize yields using GPS, data analysis and other applications. Maps created from the data guide farmers on the use of seeds, water, fertilizers and pesticides in each area as well as the appropriate time to harvest. The increasing awareness and knowledge about precision farming especially in remote areas is likely to have a positive impact on the vertical farming market during the forecast period.

Vertical Agriculture Market: Components Overview
On the basis of components, the vertical agriculture market is segmented into lighting, sensor, climate control, irrigation component, building materials, and others. The lighting segment dominated the market with a share of 39.8% in 2020. In addition, it is expected to gain 37.3% of the market share by 2028. Light Emitting Diode (LED) lamps, High intensity discharge lamps and fluorescent lamps are among the types of lighting used for vertical agriculture. Among these, LED lights are the most widely used lighting for vertical farming. The unique properties of LED lamps, such as energy efficiency, low heat generation, compact size and lifespan of up to 50,000, encourage the adoption of LEDs. These lamps are economical and their light intensity can be controlled to suit different plants and crops, which is one of the main advantages of LEDs. In addition, these lights can separate the heat dissipated from the light source, which becomes an important feature for high intensity LEDs. This type of decoupling eliminates the risk of the plants overheating, thus allowing the placement of LEDs near the plant canopies. However, the cost of LED bulbs is higher than that of the other two types of lighting technologies: fluorescent lamps and high intensity discharge lamps.

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Key questions to ask for the vertical farming market:

• What are the reasons for the growth of vertical agricultural market?
• What are the market opportunities for the vertical agricultural market?
• Which growth mechanism is expected to dominate the market during the forecast period?
• Which region dominated the vertical agricultural market?
• Who are the major companies in the vertical agriculture market?
• What are the main components of vertical agriculture?

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