The global aeroponics market was valued at around USD 570 million in 2019 and is projected to grow at a CAGR of close to 25% during the forecast period. Aeroponics is defined as a planting method in which the roots of the plant are suspended in the air.
Important elements of the Global Aeroponics Market
When compared to the way by which farming was done traditionally, aeroponics is an efficient way to grow plants owing to less water as well as minimal space requirements, which is the key factor for the growth & adoption of aeroponics across the globe. Moreover, the increase in population growth and the rise in the implementation of modern technologies under sustainable agriculture are likely to provide growth opportunities to the aeroponics market players in the years to come.
However, some of the factors that might hamper the growth of the global aeroponics market during the forecast period include the high initial costs required for setting up the indoor structure, lighting, and irrigation systems.
The global aeroponics market is segmented based on component, application, region, and company. Based on components, the market can be segmented into irrigation components, lighting, sensor, climate control, building material, and others. Among them, the irrigation component is projected to grow with a healthy CAGR through 2025. This growth can be attributed to the need for pumping nutrient-enriched water at regular intervals of time, as the roots are held in a soilless growing medium.
Major players operating in the aeroponics market
- AeroFarms
- Aeroponics (AERO Development Corp)
- BrightFarms Inc
- Evergreen Farm Oy
- LettUs Grow
- CombaGroup SA
- Altius Farms
- Ponics Technologies
- Living Greens Farm
- Freight Farms, and others.
Years considered for this report for Global Aeroponics Market
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
The objective of the Study for Global Aeroponics Market
- To analyze and forecast the market size of the global aeroponics market.
- To classify and forecast the global aeroponics market based on component, application, company, and regional distribution.
- To identify drivers and challenges for the global aeroponics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global aeroponics market.
- To conduct pricing analysis for the global aeroponics market.
- To identify and analyze the profile of leading players operating in the global aeroponics market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the new products, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global aeroponics market using a bottom-up approach, wherein data for various end-user segments were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Aeroponics service providers, vendors, and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to aeroponics
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Aeroponics Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Aeroponics include Aeroponics (AERO Development Corp), AeroFarms, BrightFarms Inc, LettUs Grow, Evergreen Farm Oy, Altius Farms, Ponics Technologies, CombaGroup SA, Living Greens Farm, and Freight Farms..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Aeroponics Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/aeroponics-market/download-sampleMarket SegmentationThe broad Aeroponics has been sub-grouped into the Component, Applications and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Optimum usage of vertical space & energy utilization, ease in monitoring and harvesting of crops, and limited availability of arable land for carrying out traditional agriculture drive the growth of the global vertical farming market.
On the other hand, rise in urban population and surge in prominence of organic foods create new opportunities in the industry.According to the report, the global vertical farming industry accounted for $2.23 billion in 2018, and is expected to garner $12.77 billion by 2026, registering a CAGR of 24.6% from 2019 to 2026.The building-based vertical farms segment to maintain its dominant position by 2026Based on structure, the building-based vertical farms segment contributed for the highest market share in the global vertical farming market in 2018, accounting for nearly three-fifths of the total share, and is expected to maintain its dominant position during the forecast period.
This is due to rise in urban population, shortage of arable land, and rapid surge in the adoption of novel food production techniques.However, the shipping container based vertical farms segment is expected to grow at the highest rate with a CAGR of 28.1% from 2019 to 2026, owing to less cost and time required for construction as compared to conventional agriculture.
Read Full Article: https://bit.ly/3kUqnFt The hydroponics segment to maintain its lead during the forecast periodBased on growth mechanism, the hydroponics segment held around two-fifths of the total market share of the global vertical farming market in 2018, and will maintain its leadership status during the forecast period.
This is due to increase in prominence owing to its ability to manufacture more nutritious eatables in less space along with reduction of the cost associated with maintenance and labors.Moreover, it can avoid usage of animal excreta that makes this process cleaner.
On the other hand, the aeroponics segment is estimated to register the highest CAGR of 25.6% from 2019 to 2026, owing to reduced waste generation, labor cost, and minimal water requirement for producing fruits and vegetables.
