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Horticulture Lighting Market worth $10.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

/PRNewswire/ -- The Horticulture Lighting Market is expected to reach USD 10.4 billion by 2028 from USD 3.7 billion in 2023, at a CAGR of 22.4% during the...

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Horticulture Lighting Market worth $10.4 billion by 2028 - Exclusive Report by MarketsandMarkets

Horticulture Lighting Market worth $10.4 billion by 2028 - Exclusive Report by MarketsandMarkets
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Grow Light Market size to grow by USD 7,472.08 million from 2022 to 2027|Agnetix, Black Dog Grow Technologies Inc., and more to emerge as key contributors to growth

/PRNewswire/ -- The grow light market is set to grow by USD 7,472.08 million from 2022 to 2027. The market is estimated to be progressing at a CAGR of 15.76%...

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Grow Light Market to Grow by USD 1.81 Bn, Growing Popularity Of Urban Agriculture to Boost Market Growth

/PRNewswire/ -- The "Grow Light Market by Product (HID, LED lights, fluorescent lights, and others) and Geography (Europe, North America, APAC, Middle East and...

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Thrive Agritech Launches 840W Pinnacle HP LED Grow Light

/PRNewswire/ -- Thrive Agritech, Inc., a technology company and leader in LED horticulture lighting, announced today the market release of the new 840W...

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Thrive Agritech Announces LED Lighting Partnership with urban-gro

/PRNewswire/ -- Thrive Agritech, Inc., a technology company and leader in LED horticulture lighting announced today that urban-gro, Inc. (Nasdaq: UGRO), a...

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Thrive Agritech Announces LED Lighting Partnership with urban-gro

/PRNewswire/ -- Thrive Agritech, Inc., a technology company and leader in LED horticulture lighting announced today that urban-gro, Inc. (Nasdaq: UGRO), a...

United-states , America , Brian-bennett , Jim-dennedy , Prnewswire-thrive-agritech-inc , Services-platform , Agritech-inc , Nasdaq , Controlled-environment-agriculture , Thrive-agritech , Chief-executive-officer , Chief-operating-officer

Vertical Farming Market to Rise at 24.8% CAGR till 2026; Growing Demand for Efficient Crop Produce Will Contribute to Market Growth, says Fortune Business Insights™


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Pune, India, April 01, 2021 (GLOBE NEWSWIRE) -- The global
vertical farming market size is projected to reach USD 12.04 Billion by 2026. Increasing technological advancements have allowed improved efficacies as well as enhanced output. According to a report published by Fortune Business Insights, titled "
Vertical Farming Market Size, Share & Industry Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Structure (Building-Based, Shipping-Container), By Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, and Others) and Regional Forecast, 2019-2026," the market was worth USD 2.13 billion and will exhibit a CAGR of 24.8% during the forecast period, 2019-2026.
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Vertical farming is a type of indoor as well as outdoor farming that is used to produce food and medicinal plants. These farms are set up with the aim of growing food in a challenging environments. The primary aim of vertical farming is to maximize the area per square meter. A vertical farming system involves the use of artificial temperature, light, humidity, and other gases. The constantly rising global population, coupled with the growing demand for plants and other vegetation. The increasing adoption of vertical farming is attributable to the growing demand for environment-friendly ways of producing vegetables and fruits. Increasing concerns regarding organic food will contribute to the growing demand for vertical farming.

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