New

Europe Vertical Farming Market

2021

Europe Vertical Farming Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics) and Component (Lighting, Sensor, Climate Control, Irrigation Component, Building Material, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025861 | No. of Pages: 92 | Category: Manufacturing and Construction | Status: Published

Market Insights

Europe Vertical Farming Market to Grow at a CAGR of 24.1% to reach US$ 5,817.5 million Million from 2021 to 2028

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The Europe vertical farming market is expected to reach US$ 5,817.5 million by 2028 from an estimated value of US$ 1,062.1 million in 2021; it is likely to grow at a CAGR of 24.1% from 2021 to 2028.

The market growth in Europe is attributed to rapid developments in precision farming technologies and the rising adoption of artificial intelligence and robotics in vertical farming. However, high initial investments and maintenance costs may hamper the growth of the Europe vertical farming market during the forecast period.

The modern farming and agriculture industry is leveraging the potential of AI. Key market players in vertical farming are monitoring the requisite environmental conditions for plant development, including soil, water, light exposure, and crop yield data. Advanced technologies, such as AI-powered tools and robotics, enable farmers and agriculturists to track and control plant development. An advanced climate-controlled vertical farming setup consists of AI-powered robots, which control water consumption, temperature, and lighting; it can produce 720 acres worth of fruit and vegetable yields in just 2 acres of farmland. Favorable conditions are being created manually with the use of LED panels to replicate sunlight for the optimal development of crops. Such innovations in modern farming that leverage the advantages of AI and robotics are anticipated to provide lucrative growth opportunities for the vertical farming market players. At present, precision agriculture technologies that include automatic steering, yield monitoring, remote sensing, in-field electronic sensors, section and row control, and spatial data management are the most popular trend in the vertical farming market. With the augmenting demand for food, farmers and agriculturists are increasingly shifting toward precision farming in a bid to improve time management, reduce water and chemical usage, improve yield, and produce healthier crops. Precision farming them to maximize their yields by tapping GPS, data analytics, and applications. Maps created from the data guide the farmers about the use of seed, water, fertilizer, and pesticide in every area. They also inform them about the suitable time to harvest. The increasing awareness and knowledge about precision farming, especially in remote areas, is likely to have a positive impact on the vertical farming market over the forecast period.

Several European countries have experienced significant rise in the spread of COVID-19. For instance, Russia, the UK, Italy, Spain, Germany, and France, among others, have recorded high number of cases. Stupendous growth in the spread of SARS-CoV-2 led the governments to undertake stringent measures to contain the spread during the first wave. The countries mentioned earlier house numerous manufacturing facilities, including vertical farming equipment manufacturing plants. In addition, the shuttering of supermarkets in several European countries in the peak times of virus spread resulted in substantial decrease in demand for equipments for farming among the retailers. The majority of the businesses in the region focused on the continuity of their operations by utilizing the existing resources (both human and technologies) rather than investing on newer technologies. However, the adoption of vertical farming products has gained traction from the first quarter of 2021. The market in Europe is also anticipated to witness significant growth due to the rise in urban agriculture as a means of addressing localized food shortages during the post-pandemic period.

Europe vertical farming market

Get more information on this report :


EUROPE VERTICAL FARMING MARKET SEGMENTATION

By Growth Mechanism

  • Hydroponics
  • Aeroponics
  • Aquaponics

By Component

  • Lighting
  • Sensor
  • Climate Control
  • Irrigation Component
  • Building Material
  • Others

By Country

  • Germany
  • Italy
  • Russia
  • France
  • UK
  • Rest of Europe

Company Profiles

  • iFarm
  • OSRAM GmbH
  • Square Mile Farms
  • Agrilution

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Vertical Farming Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

5. Vertical Farming Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Benefits of Vertical Farming Compared to Conventional Farming

5.1.2 Rise in Popularity of Organic Food Leading to Increased Uptake of Vertical Farming

5.2 Market Restraints

5.2.1 High Initial Investments and Maintenance Costs

5.3 Market Opportunities

5.3.1 Artificial Intelligence and Robotics to Revolutionize Vertical Farming

5.4 Future Trends

5.4.1 Rapid Developments in Precision Farming Technologies

5.5 Impact Analysis of Drivers and Restraints

6. Vertical Farming Market – Europe Analysis

6.1 Vertical Farming Market –Europe Revenue and Forecast to 2028 (US$ Million)

7. Vertical Farming Market Analysis – By Growth Mechanism

7.1 Overview

7.2 Vertical Farming Market, By Growth Mechanism (2020 and 2028)

7.3 Hydroponics

7.3.1 Overview

7.3.2 Hydroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Aeroponics

7.4.1 Overview

7.4.2 Aeroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Aquaponics

7.5.1 Overview

7.5.2 Aquaponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8. Vertical Farming Market – By Component

8.1 Overview

8.2 Vertical Farming Market, by Component (2020 and 2028)

8.3 Lighting

8.3.1 Overview

8.3.2 Lighting: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Sensor

8.4.1 Overview

8.4.2 Sensor: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Climate Control

8.5.1 Overview

8.5.2 Climate Control: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Irrigation Component

8.6.1 Overview

8.6.2 Irrigation Component: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Building Material

8.7.1 Overview

8.7.2 Building Material: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Others

8.8.1 Overview

8.8.2 Others: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

9. Vertical Farming Market –Europe Analysis

9.1 Europe: Vertical Farming Market

9.1.1 Overview

9.1.2 Europe: Vertical Farming Market Revenue and Forecast to 2028 (US$ Million)

9.1.3 Europe Vertical Farming Market Breakdown, By Growth Mechanism

9.1.4 Europe Vertical Farming Market Breakdown, By Component

9.1.5 Europe Vertical Farming Market Breakdown, by Country

9.1.5.1 Germany Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.1.1 Germany Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.1.2 Germany Vertical Farming Market Breakdown, By Component

9.1.5.2 France Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.2.1 France Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.2.2 France Vertical Farming Market Breakdown, By Component

9.1.5.3 Italy Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.3.1 Italy Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.3.2 Italy Vertical Farming Market Breakdown, By Component

9.1.5.4 UK Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.4.1 UK Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.4.2 UK Vertical Farming Market Breakdown, By Component

9.1.5.5 Russia Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.5.1 Russia Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.5.2 Russia Vertical Farming Market Breakdown, By Component

9.1.5.6 Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028

9.1.5.6.1 Rest of Europe Vertical Farming Market Breakdown, by Growth Mechanism

9.1.5.6.2 Rest of Europe Vertical Farming Market Breakdown, By Component

10. Vertical Farming Market- COVID-19 Impact Analysis

10.1 Overview

10.2 Europe

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Company Profiles

12.1 iFarm

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 OSRAM GmbH

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Square Mile Farms

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Agrilution

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index


LIST OF TABLES

Table 1. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Growth Mechanism (US$ Million)

Table 2. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Component (US$ Million)

Table 3. Europe Vertical Farming Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 4. Germany Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 5. Germany Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 6. France Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 7. France Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 8. Italy Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 9. Italy Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 10. UK Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 11. UK Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 12. Russia Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 13. Russia Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 14. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 – By Growth Mechanism (US$ Million)

Table 15. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 – By Component (US$ Million)

Table 16. List of Abbreviation


LIST OF FIGURES

Figure 1. Vertical Farming Market Segmentation

Figure 2. Vertical Farming Market Segmentation – By Country

Figure 3. North America Vertical Farming Market Overview

Figure 4. Hydroponics Segment Held the Largest Market Share in 2020

Figure 5. Lighting Held the Largest Market Share in 2020

Figure 6. Germany was the Largest Revenue Contributor in 2020

Figure 7. Europe – PEST Analysis

Figure 8. Vertical Farming Market Impact Analysis of Drivers and Restraints

Figure 9. Europe Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10. Vertical Farming Market Revenue Share, by Growth Mechanism (2020 and 2028)

Figure 11. Hydroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Aeroponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Aquaponics: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Vertical Farming Market Revenue Share, by Component (2020 and 2028)

Figure 15. Lighting: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Sensor: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Climate Control: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Irrigation Component: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Building Material: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Others: Vertical Farming Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Europe Vertical Farming Market, Revenue and Forecast To 2028 (US$ Million)

Figure 22. Europe Vertical Farming Market Breakdown, By Growth Mechanism, 2020 & 2028 (%)

Figure 23. Europe Vertical Farming Market Breakdown, By Component, 2020 & 2028 (%)

Figure 24. Europe Vertical Farming Market Breakdown, by Country, 2020 & 2028(%)

Figure 25. Germany Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 26. France Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 27. Italy Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 28. UK Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 29. Russia Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 30. Rest of Europe Vertical Farming Market, Revenue and Forecast to 2028 (US$ Million)

Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets

  1. iFarm
  2. OSRAM GmbH
  3. Square Mile Farms
  4. Agrilution
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe vertical farming market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe vertical farming market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TIPRE00025861
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing
Request for Sample
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.