Soil Monitoring Market Forecasts Report 2027 by Emergen Research

The newest report compiled by Emergen Research, titled ‘Global Soil Monitoring Market Forecast to 2027,’ serves as an appropriate prototype of the global Soil Monitoring market. The latest study offers critical details on the market’s ongoing trends and latest developments. The report endows the reader with a panoramic view of the Soil Monitoring industry, simultaneously offering viable insights into the anticipated market size, revenue share, and sales & distribution networks.

These insights are bound to help readers visualize the key outcomes of this industry in the near future and take necessary measures to stand tall, even during times as challenging as the current COVID-19 crisis. Venture capitalists and the key businesses involved in this sector are the primary addressees of this report, which is intended to assist them in decision-making and formulating productive business plans.

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Key participants include Freight Farms, Signify, Osram, Aerofarms, BrightFarms, Everlight Electronics, HELIOSPECTRA AB, Illumitex, Inc., AGRICOOL, and SKY GREENS, among others.

The scarcity of space in the densely populated countries has resulted in the increasing adoption of the vertical farming method. The advantages of growing crops close to urban areas and the reduction in transportation costs are expected to fuel the vertical farming market's growth over the forecast period.

Structure Outlook (Revenue, USD Billion; 2017-2027)

·         Building-based

·         Shipping-container

Growth mechanisms Outlook (Revenue, USD Billion; 2017-2027)

·         Aeroponics

·         Hydroponics

·         Aquaponics

Offering Outlook (Revenue, USD Billion; 2017-2027)

·         Climate Control

·         Lighting

·         Hydroponic Components

·         Sensors

Key Highlights from the Report

·         In March 2020, an expansion of collaboration between Signify and Planet Farms, an operator of vertical farms based in Italy, Europe. The collaboration is expected to boost the quality and yield of the crops with the help of the Philips GreenPower LED production.

·         Shipping container-based vertical farms held the largest market share of 63.5% in 2019 due to the scarcity of the arable lands. Moreover, the ease of transportation and less requirement of land for the installation of the shipping container is expected to drive the growth of the segment.

·         The hydroponics segment is forecasted to grow with the fastest CAGR of 20.2% over the forecast period due to the ease of operation and low installation cost.

·         The lighting segment accounted for the largest market share of the vertical farming market in 2019 as the lighting devices help in the faster growth of the plant. The LED lighting technology is increasingly being used by the horticulture farmers due to the enhanced efficiency and long lifespan of the technologically advanced LEDs.

·         The Asia Pacific region held the largest market share of the vertical farming market in 2019 due to the growing demand for food owing to the rising global population. The scarcity of arable lands in the densely populated countries is also a driving factor for the region's growth.

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/vertical-farming-market