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Global Aeroponics Market

€ 3,076.07

Report Code: EB_ES_226| Page: 134 | Published Date: April 2020

Aeroponics Market by Application (Indoor Farming and Outdoor Farming) and Component Type (Irrigation, Lighting, Sensor, Climate Control System, Building Material, and Others): By Geography: Global trends, opportunities and forecast – 2020 to 2027

Categories: Electronics and Semiconductor, Technology Tags: aeroponic farming, aeroponic system, aeroponics
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Description

Category: Electronics & Semiconductor

Sub-category: Technology

The Global Aeroponics Market was valued at $ 1,097.2 Million in 2019 and is anticipated to grow at a CAGR of 22.9% from 2020 to 2027. Aeroponics is a process where plants are grown without using soil or an aggregate medium in an air or mist environment. The factors for the emergence of aeroponic farming are the constant increase in the population coupled with the growing inability to produce a huge amount of food to feed this growing population, to avoid paralyzing congestion, unaffordable food prices, and harmful pollution. Aeroponics is a high-tech system of farming which provides a suitable as well as an efficient method for farming in the city area by maximizing yield and minimizing maintenance. This type of farming is becoming essential especially in metropolitan cities since there is a lack of land which is available as well as suitable enough for farming purposes.

Aeroponics Market

Source: EBI Analysis

Growth Impact Factors

The factors that have led to the growth of the aeroponics farming market include an increase in the overall population, lack of arable land, rising demand for organic food, among others.

Increase in the overall population

The major factor owing to which the aeroponics significantly adopted farming technique is its ability to improve the overall yield from plants. The demand for food is constantly and rapidly increasing due to the rapid growth in the population which will directly impact the growth of the market. It is almost impossible to feed such a large number of people using conventional farming methods. The roots of the plants are sprayed with fine high-pressure mist which is rich in nutrients. Since there is no soil obstructing the roots, the nutrients are administered easily to the roots. This factor is a major boost to the aeroponics farming market.

 Increasing demand for organic food.

Food products that are produced without the use of chemical fertilizers, pesticides, and growth regulators are increasingly preferred by consumers. The reason behind the increase in demand in organic food is due to the rising awareness of the harmful effects of food products produced with chemicals and regulators. People all over the world are suffering from multiple issues such as kidney problems, lung issues, and even cancer instance, due to the use of chemical fertilizers. Hence this factor will drive the aeroponics farming market considerably.

The continuous rise in population will be the leading factor driving the growth of the aeroponics farming market since the population will continue to expand without any slowdown in the foreseeable future.

Restraining factors

Aeroponic systems are extremely costly and require a major investment to just acquire the system. Additionally, to operate an aeroponic system efficiently, certain technical knowledge is required. Hence the need for knowledge about nutrients, the amount which is required, which nutrients should be used, and so on are essential to limit the wastage and losses. These restraining factors obstruct the growth of the aeroponic farming market.

Key Insight in the report:

The Global Aeroponic market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which includes following data points:

  • Business Overview
  • Business Model
  • Financial Data
  • Financial – Existing
  • Financial – Funding
  • Product Segment Analysis and specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

The report covers market sizing and forecasting at the country level as well as at the segment level. Aeroponics Market is analyzed across below-mentioned different segments:

Application Component Type
Indoor Farming Irrigation
Outdoor Farming Lighting
Sensor
Climate Control System
Building Material
Others

 

The global aeroponics market is divided by application, component and by region. By Application, aeroponics market is segmented into indoor farming and outdoor farming. By component, aeroponics market is classified as Irrigation, Lighting, Sensor, Climate Control System, Building Material, and Others. Based on region, aeroponics market is categorized into North America, Europe, Asia Pacific, and Rest of the World.

Aeroponics Market is also analyzed across below-mentioned regions/countries

The European Aeroponic market is expected to grow exponentially at the highest CAGR in the coming years. The reasons being lack of sufficient water for farming in certain regions especially in central and southern parts of Europe, establishing urban food security and an increase in demand for organic food. North America is the dominating region in the aeroponic farming market.

The some of the key players in of Aeroponic market include:

  • AeroFarms
  • AERO Development Corp
  • BrightFarms Inc
  • Evergreen Farm Oy
  • Freight Farms
  • LettUs Grow
  • CombaGroup SA
  • Altius Farms
  • Ponics Technologies
  • Living Greens Farm
  • Tower Garden

 

Recent developments

  • In April 2020, AeroFarms build the largest R&D indoor vertical farm in Abu Dhabi. This is a part of USD 100 million AgTech investment by Abu Dhabi Investment Office (ADIO). This farm will be dedicated to the R&D facility as well as the commercialization of crops by using the expertise of AeroFarm.

Report Content Brief:

  • High level analysis of the current and future market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Aeroponic historical market size for year 2019, and forecast from 2020 to 2027
  • Vendor market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

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    Table of Content

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

                                   2.2.2.   Limitations

                         2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                                   4.1.1.   Raw Material Providers

                                   4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Power Plantsers

                                   4.1.4.   End-Userrs

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Technology Overview

                         4.4.   Macro factor

                         4.5.   Micro Factor

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DROC Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

                                   5.2.4.   Challenges

                         5.3.   Patent Analysis

                         5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Aeroponics Market, By Component Type

                         6.1.   Introduction

                         6.2.   Irrigation

                         6.3.   Lighting

                         6.4.   Sensor

                         6.5.   Climate Control System

                         6.6.   Building Material

                         6.7.   Others

    Chapter 7.   Global Aeroponics Market, By Application

                         7.1.   Introduction

                         7.2.   Indoor Farming

                         7.3.   Outdoor Farming

    Chapter 8.   Global Aeroponics Market, By Region

                         8.1.   Introduction

                         8.2.   North America

                                   8.2.1.   Introduction

                                   8.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.2.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   8.2.4.   Market Size and Forecast, By Component Type, 2020 - 2027

                                   8.2.5.   Market Size and Forecast, By Application, 2020 – 2027

                                   8.2.6.   US

                                                  8.2.6.1.   Introduction

                                                  8.2.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.6.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.2.6.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.2.7.   Canada

                                                  8.2.7.1.   Introduction

                                                  8.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.7.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.2.7.4.   Market Size and Forecast, By Application, 2020 - 2027

                         8.3.   Europe

                                   8.3.1.   Introduction

                                   8.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.3.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   8.3.4.   Market Size and Forecast, By Component Type, 2020 - 2027

                                   8.3.5.   Market Size and Forecast, By Application, 2020 – 2027

                                   8.3.6.   Germany

                                                  8.3.6.1.   Introduction

                                                  8.3.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.6.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.3.6.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.3.7.   France

                                                  8.3.7.1.   Introduction

                                                  8.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.7.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.3.7.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.3.8.   UK

                                                  8.3.8.1.   Introduction

                                                  8.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.8.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.3.8.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.3.9.   Nordic Region

                                                  8.3.9.1.   Introduction

                                                  8.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.9.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.3.9.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.3.10.   Rest Of Europe

                                                  8.3.10.1.   Introduction

                                                  8.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.10.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.3.10.4.   Market Size and Forecast, By Application, 2020 - 2027

                         8.4.   Asia-Pacific

                                   8.4.1.   Introduction

                                   8.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.4.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   8.4.4.   Market Size and Forecast, By Component Type, 2020 - 2027

                                   8.4.5.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.4.6.   China

                                                  8.4.6.1.   Introduction

                                                  8.4.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.6.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.4.6.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.4.7.   India

                                                  8.4.7.1.   Introduction

                                                  8.4.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.7.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.4.7.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.4.8.   Japan

                                                  8.4.8.1.   Introduction

                                                  8.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.8.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.4.8.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.4.9.   South Korea

                                                  8.4.9.1.   Introduction

                                                  8.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.9.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.4.9.4.   Market Size and Forecast, By Application, 2020 - 2027

                                   8.4.10.   Rest Of Asia-Pacific

                                                  8.4.10.1.   Introduction

                                                  8.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.10.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                                  8.4.10.4.   Market Size and Forecast, By Application, 2020 - 2027

                         8.5.   Rest Of The World (RoW)

                                   8.5.1.   Introduction

                                   8.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.5.3.   Market Size and Forecast, By Component Type, 2020 - 2027

                                   8.5.4.   Market Size and Forecast, By Application, 2020 - 2027

    Chapter 9.   Company Landscape

                         9.1.   Introduction

                         9.2.   Vendor Share Analysis

                         9.3.   Key Development Analysis

                         9.4.   Competitor Dashboard

    Chapter 10.   Company Profiles

                         10.1.   AeroFarms

                                   10.1.1.   Business Overview

                                   10.1.2.   Financial Analysis

                                                  10.1.2.1.   Financial – Existing/Funding

                                   10.1.3.   Product Portfolio

                                   10.1.4.   Recent Development and Strategies Adopted

                                   10.1.5.   SWOT Analysis

                         10.2.   AERO Development Corp

                                   10.2.1.   Business Overview

                                   10.2.2.   Financial Analysis

                                                  10.2.2.1.   Financial – Existing/Funding

                                   10.2.3.   Product Portfolio

                                   10.2.4.   Recent Development and Strategies Adopted

                                   10.2.5.   SWOT Analysis

                         10.3.   BrightFarms Inc

                                   10.3.1.   Business Overview

                                   10.3.2.   Financial Analysis

                                                  10.3.2.1.   Financial – Existing/Funding

                                   10.3.3.   Product Portfolio

                                   10.3.4.   Recent Development and Strategies Adopted

                                   10.3.5.   SWOT Analysis

                         10.4.   Evergreen Farm Oy

                                   10.4.1.   Business Overview

                                   10.4.2.   Financial Analysis

                                                  10.4.2.1.   Financial – Existing/Funding

                                   10.4.3.   Product Portfolio

                                   10.4.4.   Recent Development and Strategies Adopted

                                   10.4.5.   SWOT Analysis

                         10.5.   Freight Farms

                                   10.5.1.   Business Overview

                                   10.5.2.   Financial Analysis

                                                  10.5.2.1.   Financial – Existing/Funding

                                   10.5.3.   Product Portfolio

                                   10.5.4.   Recent Development and Strategies Adopted

                                   10.5.5.   SWOT Analysis

                         10.6.   LettUs Grow

                                   10.6.1.   Business Overview

                                   10.6.2.   Financial Analysis

                                                  10.6.2.1.   Financial – Existing/Funding

                                   10.6.3.   Product Portfolio

                                   10.6.4.   Recent Development and Strategies Adopted

                                   10.6.5.   SWOT Analysis

                         10.7.   CombaGroup SA

                                   10.7.1.   Business Overview

                                   10.7.2.   Financial Analysis

                                                  10.7.2.1.   Financial – Existing/Funding

                                   10.7.3.   Product Portfolio

                                   10.7.4.   Recent Development and Strategies Adopted

                                   10.7.5.   SWOT Analysis

                         10.8.   Altius Farms

                                   10.8.1.   Business Overview

                                   10.8.2.   Financial Analysis

                                                  10.8.2.1.   Financial – Existing/Funding

                                   10.8.3.   Product Portfolio

                                   10.8.4.   Recent Development and Strategies Adopted

                                   10.8.5.   SWOT Analysis

                         10.9.   Ponics Technologies

                                   10.9.1.   Business Overview

                                   10.9.2.   Financial Analysis

                                                  10.9.2.1.   Financial – Existing/Funding

                                   10.9.3.   Product Portfolio

                                   10.9.4.   Recent Development and Strategies Adopted

                                   10.9.5.   SWOT Analysis

                         10.10.   Living Greens Farm

                                   10.10.1.   Business Overview

                                   10.10.2.   Financial Analysis

                                                  10.10.2.1.   Financial – Existing/Funding

                                   10.10.3.   Product Portfolio

                                   10.10.4.   Recent Development and Strategies Adopted

                                   10.10.5.   SWOT Analysis

    Chapter 11.   Key Takeaways

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