The vertical farming system module market is anticipated to grow at a significant CAGR of 3.8% during the forecast period (2022-2028). Vertical farming is the process of growing vegetables and food on vertically inclined surfaces rather than on a single level, such as in a field or a greenhouse. Food is produced in vertically stacked layers with this approach, which is typically integrated into other structures such as skyscrapers, transport containers, or old warehouses. Modern vertical farming concepts emphasize the use of indoor farming techniques and controlled-environment agriculture (CEA) technologies to regulate all environmental conditions. Producing meals and vegetables indoors is feasible through the artificial regulation of light, temperature, humidity, and gases. Vertical farming’s main purpose is to enhance crop yield in a controlled environment. One of the major driving factors for market expansion includes a growing awareness of sustainable farming as a result of increased urbanization and a decrease in the availability of fertile land. In addition, in metropolitan areas, there is a growing preference for locally grown food that is higher in nutrients, which is fueling the growth of the market.
The global vertical farming system module market is segmented based on the product type and application. Based on the product type, the market is sub-segmented into aquaponics, hydroponics, and aeroponics. Among these product types, the aeroponic segment is expected to propel the growth of the market as it is the most efficient plant-growing system for vertical farms, using up to 90% less water than even the most efficient hydroponic systems. Based on the application, the market is sub-segmented into outdoor and indoor.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, Delphy signed a purchase agreement with Infinite Acres, launching the ‘Team Vertical Farming’ with the purchase of new research modules. Vertical farming is expanding internationally and is rapidly professionalizing. This creates a growing demand for cultivation knowledge in these very specific cultivation conditions. Delphy has therefore decided to set up a specialized team for vertical farming. Delphy’s Team Vertical Farming responds to the great knowledge demand that arises with fully indoor crop production. Due to the absence of natural factors that determine production in conventional cultivation situations, cultivation knowledge must be adapted and partly redeveloped for vertical farms.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Metropolis Farms, Green Hive, Nihon Advanced Agri Co., Smart Grow System, Green Living Technologies, VertiCrop, Urban Crop Solutions, and Modular Farm Co., among others.
A full report is available at: https://orionmarketreports.com/global-vertical-farming-system-module-market/105967/
Global Healthcare Revenue Cycle Management Software Market Report by Segment
By Function
- Claims & Denial Management
- Medical Billing
- Eligibility Verification
- Payment Remittance
By Deployment
- On-Premise
- Cloud-Based
By End-User
- Hospitals
- Physician Office
- Diagnostic Center
- Community Health Center
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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