Vertical Farming Market by Functional Device (Lighting, Hydroponic Component, Climate Control, and Sensors), Growth Mechanism (Aeroponics, Hydroponics, and Others) and by Geography - Global Forecast to 2020

Published: January 2016
No. of Pages: 173
   

The vertical farming market is expected to reach USD 3.88 billion by 2020, at a CAGR of 30.7% between 2015 and 2020.  The major driving factors for the vertical farming market are need for high quality of food with no use of pesticides, no crop failures related to weather, increasing urban population, and growth in the year round production of crops.

“Lighting & hydroponic components dominates the functional devices segment of vertical farming market during the forecast period between 2015 and 2020”

The lighting component is expected to dominate the functional device segment of vertical farming market as traditional lighting systems are being replaced by energy-efficient LEDs designed to accelerate plant growth by emitting electromagnetic spectrum ideal for photosynthesis. Hydroponics held the second-largest market size and has many advantages such as no need of soil, low cost of water because of recycling, lower nutrition costs owing to low wastage, which ensures stable and high yields.

“The APAC held the largest market share during the forecast period between 2015 and 2020”

The factors such as continuous growth in urban population, low availability of cultivable land, demand for high quality food, and government incentives in countries such as China, Singapore, and Japan are driving the vertical farming market in the APAC region.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is given below as:

  • By Company Type: Tier 1 – 20 %, Tier 2 – 35% and Tier 3 – 45%
  • By Designation: C level – 80%, Director level – 20%
  • By Region: North America – 50%, Europe – 30%, APAC – 10%, RoW – 10%

The geographic segmentation covers four major regions of the world, namely, the North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The report also profiles major players in the Situational Awareness market. The major players in this market include Aerofarms (U.S.), Farmed Here (U.S.), Koninklijke Philips N.V. (Netherlands), Illumitex, Inc. (U.S.), and Sky Greens (Singapore).

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Vertical Farming Market by Functional Device (Lighting, Hydroponic Component, Climate Control, and Sensors), Growth Mechanism (Aeroponics, Hydroponics, and Others) and by Geography - Global Forecast to 2020

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Overall Growth in Agriculture Industry
2.2.2.2 High Productivity
2.2.2.3 Purchasing Locally Grown Food
2.2.3 Supply-Side Analysis
2.2.3.1 Increase in the Number of Industry Players
2.2.3.2 Increasing Involvement of Governments
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
2.5.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Vertical Farming Market
4.2 Market, By Functional Device
4.3 Market, By Growth Mechanism and Region
4.4 Regional Analysis of the Market
4.5 Lifecycle Cycle Analysis, By Growth Mechanism

5 Market Overview
5.1 Introduction
5.2 Evolution of Vertical Farming
5.3 Market Segmentation
5.3.1 Vertical Farming Market, By Functional Device
5.3.2 Market, By Growth Mechanism
5.3.3 Market, By Crop Type
5.3.4 Market, By Geography
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 High Quality Food With Low Environmental Impact and No Use of Pesticides
5.4.1.2 Stable Supply of Food Grains Irrespective of Climate Change
5.4.1.3 Methods Conducive to Environment
5.4.1.4 Increasing Urban Population
5.4.1.5 Growth in Year Round Production of Crops
5.4.2 Restraints
5.4.2.1 High Initial Investment
5.4.2.2 Dearth of Technical Acumen
5.4.2.3 Limitations on the Variety of Crops Grown
5.4.3 Opportunities
5.4.3.1 Healthy Food for the Critically Ill and People With Dermatological Problems
5.4.3.2 Production of Biopharmaceuticals Products
5.4.4 Challenges
5.4.4.1 Vertical Farms on A Large Scale

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Power of Buyers
6.3.3 Threat of New Entrants
6.3.4 Threat of Substitutes
6.3.5 Intensity of Competitive Rivalry
6.4 Pest Analysis
6.4.1 Political Factors
6.4.2 Economic Factors
6.4.3 Social Factors
6.4.4 Technological Factors

7 Vertical Farming Market, By Functional Device
7.1 Introduction
7.2 Lighting
7.2.1 Grow Light
7.2.1.1 Grow Light Bulbs
7.2.1.2 LED Light
7.2.1.3 Hybrid Electrode Fluorescent Lamp (HEFL)
7.2.1.4 Others
7.2.2 Grow Light Reflectors
7.2.3 Grow Light Ballasts
7.3 Hydroponics Components
7.3.1 Pumps & Irrigation
7.3.2 Meters & Solutions
7.3.3 Water Filtration
7.3.4 Others
7.4 Climate Control
7.4.1 Ventilation Fans
7.4.2 Air Purification/Control
7.4.3 Others
7.5 Sensor
7.5.1 Co2 Sensor
7.5.2 Nutrient Sensor
7.5.3 Ph Sensor
7.5.4 Crop Sensor
7.5.5 Others

8 Vertical Farming Market, By Growth Mechanism
8.1 Introduction
8.2 Aeroponics
8.3 Hydroponics
8.4 Others

9 Vertical Farming Market, By Crop Type
9.1 Introduction
9.2 Growing Demand for Fruits & Vegetables
9.2.1 Leafy Green Vegetables in Vertical Farming
9.2.2 Strawberries in Vertical Farming
9.2.3 Vertical Farming Market Size, By Region
9.2.4 Market, By Crop Type
9.2.4.1 North America Vertical Farming Market, By Crop Type
9.2.4.2 Asia-Pacific : Market, By Crop Type
9.2.4.3 Europe : Market, By Crop Type
9.2.4.4 RoW : Market, By Crop Type
9.3 Market Trends
9.3.1 North America
9.3.1.1 Aerofarms LLC
9.3.1.2 Farmedhere
9.3.1.3 Gotham Greens Farms LLC
9.3.1.4 Green Sense Farms LLC
9.3.2 Asia-Pacific
9.3.2.1 Sky Greens
9.3.2.2 Mirai Co., Ltd.
9.3.2.3 Scatil
9.3.3 Europe
9.3.3.1 Plantagon
9.3.3.2 Infarm Gmbh

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 Sweden
10.3.3 The Netherlands
10.3.4 Rest of Europe
10.4 APAC
10.4.1 Japan
10.4.2 Singapore
10.4.3 South Korea
10.4.4 China
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 Africa
10.5.3 South America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation and Trends
11.3.1 New Product Launches
11.3.2 Partnerships & Joint Ventures

12 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 Aerofarms
12.3 Farmedhere
12.4 Illumitex, Inc.
12.5 Koninklijke Philips N.V
12.6 Sky Green
12.7 Everlight Electronics
12.8 Green Sense Farms
12.9 American Hydroponics
12.10 Hort Americas
12.11 Agrilution
12.12 Moflo Aeroponics

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.3 Introducing RT: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List of Tables

Table 1 The Biggest Driver on the Producer Side of the Industry Expected to Be the Consumers Desire to Purchase Locally Grown Food
Table 2 Lack of Knowledge and Less Access to Information—The Biggest Barrier to Entry
Table 3 Pesticide- Free Food for Patient
Table 4 Large Scale Production is Major Challenges
Table 5 Porter’s Five Forces Analysis: Vertical Farming
Table 6 Vertical Farming Market Size, By Functional Device,2013–2020 (USD Million)
Table 7 Market Size for Functional Device, By Lighting,2013–2020 (USD Million)
Table 8 Market Size for Lighting Device, By Grow Light,2013–2020 (USD Million)
Table 9 Market Size for Functional Device,By Hydroponic Component, 2013–2020 (USD Million)
Table 10 Market Size for Functional Device,By Climate Control, 2013–2020 (USD Million)
Table 11 Market Size for Functional Device, By Sensor,2013–2020 (USD Million)
Table 12 North America: Vertical Farming Market Size, By Functional Device, 2013–2020 (USD Million)
Table 13 U.S.: Market Size, By Functional Device,2013–2020 (USD Million)
Table 14 Canada: Market Size, By Functional Device,2013–2020 (USD Million)
Table 15 Mexico: Market Size, By Functional Device,2013–2020 (USD Million)
Table 16 Europe: Market Size, By Functional Device,2013–2020 (USD Million)
Table 17 Germany: Market Size, By Functional Device,2013–2020 (USD Million)
Table 18 Sweden: Market Size, By Functional Device,2013–2020 (USD Million)
Table 19 The Netherlands: Market Size, By Functional Device, 2013–2020 (USD Million)
Table 20 Rest of Europe: Market Size, By Functional Device, 2013–2020 (USD Million)
Table 21 APAC: Vertical Farming Market Size, By Functional Device,2013–2020 (USD Million)
Table 22 Japan: Market Size, By Functional Device,2013–2020 (USD Million)
Table 23 Singapore: Market Size, By Functional Device,2013–2020 (USD Million)
Table 24 South Korea: Vertical Farming Market Size, By Functional Device,2013–2020 (USD Million)
Table 25 China: Market Size, By Functional Device,2013–2020 (USD Million)
Table 26 Rest of APAC: Vertical Farming Market Size, By Functional Device,2013–2020 (USD Million)
Table 27 RoW: Market Size, By Functional Device,2013–2020 (USD Million)
Table 28 Middle East: Market Size, By Functional Device,2013–2020 (USD Million)
Table 29 Africa: Market Size, By Functional Device,2013–2020 (USD Million)
Table 30 South America: Market Size, By Functional Device, 2013–2020 (USD Million)
Table 31 Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 32 North America: Vertical Farming Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 33 U.S.: Vertical Farming Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 34 Canada: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 35 Mexico: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 36 Europe: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 37 Germany: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 38 Sweden: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 39 The Netherlands: Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 40 Rest of the Europe: Market Size,By Growth Mechanism, 2013–2020 (USD Million)
Table 41 APAC: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 42 Japan: Vertical Farming Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 43 Singapore: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 44 South Korea: Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 45 China: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 46 Rest of the APAC: Vertical Farming Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 47 RoW: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 48 Middle East: Vertical Farming Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 49 Africa: Market Size, By Growth Mechanism,2013–2020 (USD Million)
Table 50 South America: Market Size, By Growth Mechanism, 2013–2020 (USD Million)
Table 51 Market, By Region, 2013–2020 (USD Million)
Table 52 Market Size, By Crop Type, 2013–2020 (USD Million)
Table 53 North America: Vertical Farming Market, By Crop Type,2013–2020 (USD Million)
Table 54 North America: Market, By Country,2013–2020 (USD Million)
Table 55 Asia-Pacific Vertical Farming Market, By Crop Type,2013–2020 (USD Million)
Table 56 Asia-Pacific Market, By Country,2013–2020 (USD Million)
Table 57 Europe Vertical Farming Market, By Crop Type, 2013–2020 (USD Million)
Table 58 Europe Market, By Country, 2013–2020 (USD Million)
Table 59 RoW: Vertical Farming Market, By Crop Type, 2013–2020 (USD Million)
Table 60 RoW: Market, By Country, 2013–2020 (USD Million)
Table 61 Market Size, By Region, 2013–2020 (USD Million)
Table 62 Lighting Device Market Size, By Region, 2013–2020 (USD Million)
Table 63 Hydroponic Components Market Size, By Region,2013–2020 (USD Million)
Table 64 Climate Control Device Market Size, By Region, 2013–2020 (USD Million)
Table 65 Sensor Market Size, By Region, 2013–2020 (USD Million)
Table 66 Aeroponics: Vertical Farming Market Size, By Region,2013–2020 (USD Million)
Table 67 Hydroponics: Vertical Farming Market Size, By Region,2013–2020 (USD Million)
Table 68 Others: Vertical Farming Market Size, By Region,2013–2020 (USD Million)
Table 69 North America: Vertical Farming Market Size, By Country,2013–2020 (USD Million)
Table 70 North America: Lighting Device Market Size, By Country,2013–2020 (USD Million)
Table 71 North America: Hydroponic Components Market Size, By Country, 2013–2020 (USD Million)
Table 72 North America: Climate Control Device Market Size, By Country,2013–2020 (USD Million)
Table 73 North America: Sensor Market Size, By Country,2013–2020 (USD Million)
Table 74 Europe: Vertical Farming Market Size, By Country,2013–2020 (USD Million)
Table 75 Europe: Lighting Device Market Size, By Country,2013–2020 (USD Million)
Table 76 Europe: Hydroponic Components Market Size, By Country,2013–2020 (USD Million)
Table 77 Europe: Climate Control Market Size, By Country,2013–2020 (USD Million)
Table 78 Europe: Sensor Market Size, By Country, 2013–2020 (USD Million)
Table 79 APAC: Vertical Farming Market Size, By Country,2013–2020 (USD Million)
Table 80 APAC: Lighting Device Market Size, By Country, 2013–2020 (USD Million)
Table 81 APAC: Hydroponic Components Market Size, By Country,2013–2020 (USD Million)
Table 82 APAC: Climate Control Device Market Size, By Country,2013–2020 (USD Million)
Table 83 APAC: Sensor Market Size, By Country, 2013–2020 (USD Million)
Table 84 RoW: Vertical Farming Market Size, By Region, 2013–2020 (USD Million)
Table 85 RoW: Lighting Device Market Size, By Region, 2013–2020 (USD Million)
Table 86 RoW: Hydroponic Components Market Size, By Region,2013–2020 (USD Million)
Table 87 RoW: Climate Control Device Market Size, By Region,2013–2020 (USD Million)
Table 88 RoW: Sensor Market Size, By Region, 2013–2020 (USD Million)
Table 89 Market Ranking of the Top 5 Players InThe Vertical Farming Market 2014
Table 90 New Product Launches (2010–2015)
Table 91 Partnerships & Joint Ventures (2010–2015)

List of Figures

Figure 1 Vertical Farming Market: Research Design
Figure 2 Overall Growth Trends of Wheat (2012–2015)
Figure 3 Increase in Yield of Product Owing to Vertical Farming
Figure 4 Year-Wise Funding in Vertical Farming
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Hydroponics Growth Mechanism Market to Hold the Largest Market Share During the Forecast Period
Figure 10 APAC Expected to Hold the Largest Share of the Overall Market in 2015
Figure 11 Air Purification & Control to Be the Fastest-Growing Functional Device in the Market During the Forecast Period
Figure 12 Market in Asia-Pacific Expected to Grow at the Highest Rate During the Forecast Period 2015–2020
Figure 13 Market Expected to Grow at A High Rate During the Forecast Period
Figure 14 Hydroponic Components Held the Largest Share of the Market During the Forecast Period
Figure 15 Hydroponic Growth Mechanism Held the Largest Market Share in 2014 in Terms of Market Value
Figure 16 Asia-Pacific Held the Largest Market Share in 2014 for Market
Figure 17 Hydroponics Growth Mechanism is at Later Introductory Stage
Figure 18 Evolution of Vertical Farming Market Till 2010
Figure 19 Vertical Farming Market, By Functional Device
Figure 20 Market, By Growth Mechanism
Figure 21 Market, By Crop Type
Figure 22 Market, By Geography
Figure 23 Locally Grown Fresh Food Expected to Be the Biggest Driver for the Market
Figure 24 Factors Affecting Food Grain Loss Due to Natural Calamities in the U.S.
Figure 25 Almost 70% of Value is Added in the Supply Side of the Value Chain
Figure 26 Porter’s Five Forces Analysis (2015)
Figure 27 Porter’s Five Forces Analysis: Supplier’s Bargaining Power in the Market Expected to Have A High Impact on the Market During the Forecast Period
Figure 28 Bargaining Power of Suppliers in the Market
Figure 29 Bargaining Power of Buyers in the Market
Figure 30 Threat of New Entrants in the Market
Figure 31 Threat of Substitutes in the Market
Figure 32 Degree of Competition in the Market
Figure 33 Market, By Functional Device
Figure 34 Comparison of Various Light Sources 2014
Figure 35 Market, By Growth Mechanism
Figure 36 Evolution of the Hydroponics System
Figure 37 Market Size, By Type, 2015: A Snapshot
Figure 38 Production of Fruits & Vegetables
Figure 39 Global Population on the Rise
Figure 40 Vertical Farming Market Size, By Region, 2015 vs. 2020 (USD Million)
Figure 41 Market Size, By Crop Type, 2015 vs. 2020 (USD Million)
Figure 42 Presence of Vertical Farms in Major Regions
Figure 43 Geographic Snapshot: APAC Emerging as A Key Growth Region for the Vertical Farming Market During the Forecast Period
Figure 44 Market, By Geography
Figure 45 North America: Market Snapshot
Figure 46 Europe: Market Snapshot
Figure 47 APAC: Market Snapshot
Figure 48 Companies Adopted New Product Developments, Partnerships, and Joint Ventures as Key Growth Strategies From 2010 to 2015
Figure 49 Geographic Revenue Mix of the Major Market Players
Figure 50 Aerofarms: SWOT Analysis
Figure 51 Farmedhere: SWOT Analysis
Figure 52 Illumitex, Inc: SWOT Analysis
Figure 53 Koninklijke Philips N.V: Business Overview
Figure 54 Koninklijke Philips N.V.: SWOT Analysis
Figure 55 Sky Green: SWOT Analysis
Figure 56 Everlight Electronics: Business Overview

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3090


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