Status of Climate Control Agriculture Market Revenue with CAGR Value, Industry Demand & Future Scope and By Region Forecast to 2028
The global climate-control agriculture market size reached USD 74.49 Billion in 2020 and is expected to register a revenue CAGR of 18.7%, during the forecast period, according to latest analysis by Emergen Research. Rising global demand for food as well as technological advancements in farming methods are some of the major factors driving global climate-control agriculture market revenue growth. Revenue growth of the market is also expected to be driven by rising demand for local and organically grown foods.
As technological advancements are increasing, emerging technologies are being steadily adopted by farmers in order to maximize crop yield. More advanced hydroponic lights have been invented in recent years, popularly known as grow lights (HID lights) that help in indoor gardening due to ability to supply the proper spectrum to crops, which is driving revenue growth of the global climate-control agriculture market.
Emergen research has recently published a detailed report on the global Climate Control Agriculture Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Climate Control Agriculture Market through verified and validated data curated to offer accurate insights.Major factors driving market revenue growth are recent advances in space science, technological advancements on robotics for space exploration activities, 3D printing technology, ongoing projects for colonizing mars, and rapid development in field of science and technology.
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Reports Highlights:
- Tomato segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to the wide range of uses of tomatoes and ability to be produced in large volumes. Fruits are eaten either raw or in a cooked form, and these contain vitamins such as A and C that are enriched with antioxidants.
- Aquaponics segment is expected to register a significantly robust revenue growth rate over the forecast period. Aquaponics is a process where both fish farming and hydroponics are taken into consideration. Aquaponics is also an efficient and environment-friendly method of cannabis cultivation.
- Crops grown hydroponically depend on nutrient-rich water that is removed from fish farming and this method entails around 90% less water than that used in traditional agriculture practices and methods. It is also estimated to enable 10-times higher yields per acre than soil-based farms.
- The report endows the reader with in-depth scrutiny of the global Climate Control Agriculture Market , with a special focus on market dynamics and segmentation.
- The geographical segments of the market have been closely examined in the report.
- The report further elaborates on the market’s competitive scope, highlighting the top market contenders, their product portfolios, and business growth strategies.
The leading market players include Pentair Aquatic Eco-Systems, Inc., Everlight Electronics Co. Ltd., Illumitex Inc., Aerofarms AGX Ltd., American Hydroponics (Amhydro), Innovation Agri-Tech Group, Green Sense Environment Solution LLC., Fresh Box SP ZO. O, Grow Pod Solutions, LLC, and Nelson and Pade, Inc.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Emergen Research has segmented the global climate-control agriculture on the basis of crop, growing method, components, and region:
Crop Outlook (Revenue, USD Billion; 2018–2028)
Lettuce & Leafy Greens
Cucumber
Tomato
Pepper
Cannabis
Strawberries
Others
Growing Method Outlook (Revenue, USD Billion; 2018–2028)
Hydroponics
Aquaponics
Aeroponics
Others
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Components Outlook (Revenue, USD Billion; 2018–2028)
Lighting
Growing media
Nutrients
Others
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Highlights of the Report:
- A comprehensive overview of the Global Climate Control Agriculture Market along with analysis of the essential market driving and restraining factors
- In-depth analysis of the current and emerging trends and growth prospects of the industry
- Complete assessment of the competitive landscape with particular focus on key strategies, expansion plans, developments and advancements, product portfolio, and revenue generation
- Strategic recommendations to key players and new entrants to fortify their presence in the market
- Comprehensive analysis of the impact of the COVID-19 pandemic on the market
Table of Content
Chapter 1. Methodology & Sources
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Climate Control Agriculture Market Segmentation & Impact Analysis
Chapter 5. Climate-Control Agriculture Market By Crop Insights & Trends, Revenue (USD Billion)
Chapter 6. Climate Control Agriculture Market By Platform Insights & Trends Revenue (USD Billion)
Chapter 6. Climate-Control Agriculture Market By Growing Method Insights & Trends, Revenue (USD Billion)
Chapter 7. Climate-Control Agriculture Market By Component Insights & Trends, Revenue (USD Billion)
Chapter 8. Climate-Control Agriculture Market Regional Outlook
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