North America Vertical Farming Market

June 5, 2019

North America Vertical Farming Market was valued US$ 750.80 Mn in 2017 and is expected to reach US $3000.20 Mn by 2026, at a CAGR of 18.92 % during a forecast period North America Vertical Farming Market is segmented into growth mechanism, equipment type, and geography. Based on Growth Mechanism, the North America vertical farming market report segments the market into hydroponics, aeroponics, and aquaponics. Based on Equipment Type, the market report segments the market into Lighting, Building Material, Irrigation Component, Sensor, Climate Control, and Others. Based on Countries, the Vertical Farming market segments the market into US, Mexico, Canada, and Rest of North America. Growing urbanization and incessant rise in population are resulting in the growing demand for food around the globe. Governments are starting greedy the importance of food security for their corresponding nations. Limited arable land availability and land being a comprehensive resource, while the population is rising speedily are driving the growth in the North America Vertical Farming Market. High costs of lighting equipment and incessant maintenance requirement are hampering the growth in the North America Vertical Farming market.

Lighting system segment with the LED is expected to dominate the growth in North America vertical framing market. Lighting system devices use an LED lighting system which produces a dual-band colour spectrum and maintains efficiency and low heat dissipation in vertical farming. LED solutions are highly efficient, generating less heat than competitive products, sinking energy consumption and carbon footprint nearly about 33 percent compared with vertical farming averages. The North America Vertical Farming market is expected to dominate the significant growth. This growth can be attributed to the usage of the technology such as Internet of Things in Vertical Farming. Promptly expanding populace and upsurge in the annual production of crops are boosting the growth in this region. Presence of a large number of project entrepreneur and Research development centers are propel the growth in this region. Some of the major key players in the North America Vertical Farming Market includes AeroFarms, Urban Crops Solutions, Illumitex, Inc., Koninklijke Philips N.V., Sky Green Ltd., Everlight Electronics Co., Ltd., American Hydroponics, Hort Americas, Agrilution, and Green Sense Farms, LLC

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Scope of the report for North America Vertical Farming Market

By Growing Mechanism

• Hydroponics • Aeroponics • Aquaponics

By Equipment Type

• Lighting • Building Material • Irrigation Component • Sensor • Climate Control • Others

By Geography

• U.S • Canada

Key Players in North America Vertical Farming Market

• AeroFarms • Urban Crops Solutions • Illumitex, Inc. • Koninklijke Philips • N.V., Sky Green Ltd. • Everlight Electronics Co., Ltd. • American Hydroponics • Hort Americas • Agrilution • Green Sense Farms, LLC

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