Vertical Farming Market

Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based vertical farm and Shipping container-based vertical farm), Crop Type, Offering, & Region - Global Forecast to 2026

Report Code: SE 3992 Nov, 2021, by marketsandmarkets.com

The vertical farming market was valued at USD 3.1 billion in 2021, and it is expected to register a CAGR of 25.0% from 2021 to 2026 to reach USD 9.7 billion.

The growth opportunities for the market players include cannabis cultivation through vertical farming and potential market opportunities in Asia Pacific and the Middle East. However, lack of skilled workforce and technical know-how and limited crop range are the factors restraining the market growth. The vertical farming market is primarily dominated by the building-based vertical farms’ segment as leading companies in the market are involved in this type of farming. Building-based vertical farms generate better per sq. ft. revenue than shipping container-based vertical farms, as the former uses lesser capital and incurs lower operating expenses (for the same area).

Vertical Farming Market

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Impact of COVID-19 on vertical farming Market:

The presence of the Covid-19 outbreak to project the growth of the market. The outbreak of the Covid-19 pandemic led to the closure or partial shutdown of factories, warehouses, businesses, and institutes globally. This was complemented by implementing other lockdown measures, including strict social distancing norms, restricted travel, and limited entry to public spaces, restaurants, theme parks, cinema halls, and malls. Globally, most industries witnessed disruptions in supply chain operations and logistics-related services. Limited consumer and corporate spending, lockdown measures, and supply chain disruptions have also impacted the growth of the vertical farming market. The market is seeing a decline due to the closure of multiple SMEs, logistic disruptions, lockdowns, and other problems arising due to the Covid-19 pandemic. The pandemic has compelled governments worldwide to shift their focus and spending to the health care sector. The demand from end users also declined significantly during 2020.

Market Dynamics:

Driver: High Yield Associated With Vertical Farming Over Conventional Farming

Vertical farming uses LED lights and climate management, continually adjusting temperature and humidity. It provides a year-round supply of fresh, pesticide-free, locally grown vegetables, allowing more control over the conditions in which the plants develop. Furthermore, vertical farming offers a significant advantage in terms of yield. It has been found that vertical farming produces 240 times more crop yield while using 99% less land, 95% less water, and with zero chemicals. This means vertical farms yield more crops despite greater operating costs, resulting in more income. In vertical farms, crops are replanted over and over again without having to follow crop rotations. Apart from this, this type of farming also provides an ideal solution when there is no large area for agriculture. Since vertical farming systems do not require much space, they are preferable and can be positioned in cities. Moreover, as vertical farms can be deployed anywhere and do not require much land or water compared with traditional farms, they are uniquely positioned to increase the food supply chain resilience by diversifying local food production.

Restraint: Lack of Technically Skilled Workforce and Limited Crop Types

Vertical farming often involves the use of technical solutions such as cameras, sensors, automated systems, artificial intelligence, hydroponic, aquaponics, and aeroponic systems. To operate these advanced systems, a knowledgeable and skillful workforce is essential. Lack of skilled workforce has affected different sectors at a global level, and vertical farming is not an exception. Also, most of the farmers venture into this market with their systems, which are not efficient in terms of design and are costly. To sustain and remain competitive in the market, vertical farms need to be up to date on different aspects of farming.

Opportunity: Reduced Environmental Impact From Agriculture by Adoption of Vertical Farming

Vertical farming plays a vital role in reducing the environmental impact of agriculture. It reduces the amount of water required to produce the same or higher number of crops. It also removes the use of chemicals and pesticides used to produce crops and diminishes the need for transportation. The entire process of vertical farming is carried out in an organic manner. It significantly eliminates the use of chemicals and avails natural solutions such as the use of fish for producing nutrient-rich waste for plants in the aquaponics growth mechanism of vertical farming. Also, as vertical farming is carried out in a controlled environment, they are immune to any type of dangerous pests, hence eliminating the use of pesticides. As methods of pest control such as burning fields, grass, or waste are omitted, vertical farming assures healthy and quality produce for its consumers. This, in turn, is expected to create growth opportunities for the players in the vertical farming market.

Challenge: Maintenance of Temperature, Humidity, and Air Circulation in a Vertical Farm

Climate management is the biggest challenge in vertical farming. Maintaining the cooling, dehumidification, and heating is required to manage the temperature and humidity of the grow space. In vertical farming, the primary source of heat is the lighting, followed by motors used to operate fans, pumps, and automation. Because vertical farms are designed to operate day and night throughout the year, therefore cooling is required 24/7 and year-round to remove the heat generated inside the vertical farm. However, maintaining the circulation of conditioned air everywhere within the vertical farm to create a uniform growing environment is a major challenge for the growers.

Hardware is expected the dominant segment in vertical farming market during the forecast period

In the market, hardware is the dominant segment in terms of market share throughout the forecast period. Vertical farming is a form of controlled environment agriculture practice carried out indoors with the artificial environment created to assist crop growth. The sunlight, required for the process of photosynthesis, is replaced with artificial lights in vertical farming. Hydroponics, one of the technologies of vertical farming, is the process of growing crops without soil, where a continuous supply of water with necessary nutrients is provided to the roots of crops. Likewise, to create a suitable environment for growth, climate control systems are installed, while to track and monitor the growth of crops, sensors are installed. Companies manufacturing these hardware components ensure to develop products highly suitable for the growth of crops indoors.

Asia Pacific to dominate vertical farming market during the forecast period

Vertical Farming Market by Region

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In Asia Pacific, the companies involved in vertical farming are investing and expanding their operations in other countries. For instance, in November 2019, Sustenir (Singapore), an agritech company, launched a 30,000 sq. ft. hydroponics vertical farming facility in Tuen Mun, Hong Kong. Hong Kong is a densely populated country with limited availability of land for farming. The produce from conventional farming is not enough to serve the local demand, and hence the country relies highly on imported produce. Similar is the case with Singapore. To decrease the dependency on imported food and reduce food wastage in the transportation process, growing a significant amount of food locally, in limited space, is the solution offered by vertical farming, resulting in the expansion of farms by companies in this region.

Key Market Players

Players profiled in this report are Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), Heliospectra AB (Sweden), Green Sense Farms (US), Agrilution (Germany), American Hydroponics (US), Urban Crop solutions (Belgium), Vertical Farm Systems (Australia), bowery Farming (US), Agricool (France), Sananbio (US), Growpod Solutions (US), Infarm (Germany), Altius Farms (US), Intelligent Growth Solutions (Scotland), 4D BIOS INC (US), Future Crops (Netherlands), Bright Farms (US), Swegreen (Sweden), and Vertical Future Ltd (UK).

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD), Market size indicated in USD million and billion.

Segments covered

Growth Mechanism, Structure, Crop Type, Offerings, and Region

Regions covered

North America, Europe, APAC and RoW

Companies covered

Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), Heliospectra AB (Sweden) are among the key players operating in the AI Robots market.

This research report categorizes the vertical farming market based on growth mechanism, structure, crop type, offerings and region.

Vertical Farming Market, by Growth Type

  • Hydroponics
  • Aeroponics
  • Aquaponics

Vertical Farming Market, by Structure

  • Building-based vertical farm
  • Shipping container-based vertical farm

Vertical Farming Market, by Crop Type

  • Lettuce
  • Pepper
  • Broccoli
  • Cucumber
  • Spinach
  • Tomato
  • Strawberry
  • Pomegranate
  • Others

Vertical Farming Market, by Offerings

  • Hardware
  • Software
  • Services

Vertical Farming Market, by Region

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In August 2021, Cargill Partnered with the vertical farming leader AeroFarms aiming to improve cocoa bean yields and develop more climate-resilient farming practices. Together, the two organizations will experiment with different indoor growing technologies, including aeroponics and hydroponics, light, carbon dioxide, irrigation, and nutrients, to identify the optimal conditions for cocoa tree growth.
  • In August 2021, AeroFarms announced that it would expand to the Middle West region as part of a project with the World Wildlife Fund (WWF) and St. Louis Controlled Environment Agriculture Coalition (STLCEA) to demonstrate innovative strategies to minimize the environmental footprint of indoor vertical farming.
  • In July 2021, Heliospectra AB, a world leader in intelligent lighting technology for vertical farming, announced a new seller partnership with MineARC Systems, a global leader in manufacturing and supplying controlled environments. The company will represent Heliospectra’s market-leading LED lighting and lighting control solutions in the Australian market.
  • In June 2021, Osram expanded its horticulture portfolio with the launch of Osconiq S 5050. It addresses a key problem of used white LEDs resulting in lower energy costs and more efficient lighting for indoor farmers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
           FIGURE 1 VERTICAL FARMING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           FIGURE 2 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM HARDWARE/SOFTWARE/ SERVICES OFFERED IN MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): MARKET FOR VERTICAL FARMING BY DIFFERENT REGIONS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for obtaining market size using bottom-up analysis
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for obtaining market size using top-down analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 8 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 RISK FACTOR ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 51)
    FIGURE 9 HYDROPONICS GROWTH MECHANISM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 10 BUILDING-BASED VERTICAL FARMS SEGMENT TO EXHIBIT HIGHER GROWTH DURING FORECAST PERIOD
    FIGURE 11 LETTUCE TO BE MOST COMMONLY GROWN CROP ACROSS DIFFERENT VERTICAL FARMS
    FIGURE 12 SERVICES TO REGISTER HIGHEST GROWTH AMONG OFFERINGS IN MARKET DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC TO DOMINATE  MARKET DURING FORECAST PERIOD
    3.1 COVID-19 IMPACT ON VERTICAL FARMING MARKET
           3.1.1 REALISTIC SCENARIO
           3.1.2 OPTIMISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
                    FIGURE 14 COMPARISON OF SCENARIO-BASED IMPACT OF COVID-19 ON MARKET

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
           FIGURE 15 INCREASE IN INVESTMENTS AND PARTNERSHIPS BETWEEN FARMS AND TECHNOLOGY PROVIDERS BOOSTING GROWTH IN MARKET
    4.2 MARKET IN APAC, BY GROWTH MECHANISM AND STRUCTURE
           FIGURE 16 HYDROPONICS GROWTH MECHANISM AND BUILDING-BASED VERTICAL FARM SEGMENTS TO HOLD LARGEST MARKET SHARES IN ASIA PACIFIC IN 2026
    4.3 MARKET, BY HARDWARE
           FIGURE 17 LIGHTING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 COUNTRY-WISE MARKET GROWTH RATE
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 60)
    5.1 MARKET DYNAMICS
           FIGURE 19 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.1.1 DRIVERS
                    FIGURE 20 MARKET DRIVERS AND THEIR IMPACT
                    5.1.1.1 High yield associated with vertical farming over conventional farming
                    5.1.1.2 Advancements in light-emitting diode (LED) technology
                    5.1.1.3 Year-round crop production irrespective of weather conditions
                               FIGURE 21 DAMAGE AND LOSS TO CROPS, BY TYPE OF CALAMITY (2003–2016)
                    5.1.1.4 Requirement of minimum resources
                               FIGURE 22 WORLD POPULATION (2015–2050)
           5.1.2 RESTRAINTS
                    FIGURE 23 VERTICAL FARMING MARKET RESTRAINTS AND THEIR IMPACT
                    5.1.2.1 Lack of technically skilled workforce and limited crop types
                    5.1.2.2 High start-up costs
           5.1.3 OPPORTUNITIES
                    FIGURE 24 MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.1.3.1 Reduced environmental impact from agriculture by adoption of vertical farming
                    5.1.3.2 Potential market opportunities in Asia Pacific and Middle East
                    5.1.3.3 Cannabis cultivation through vertical farming
           5.1.4 CHALLENGES
                    FIGURE 25 MARKET CHALLENGES AND THEIR IMPACT
                    5.1.4.1 Maintenance of temperature, humidity, and air circulation in a vertical farm
                    5.1.4.2 Vertical farming on a large scale

6 INDUSTRY TRENDS (Page No. - 69)
    6.1 VALUE CHAIN ANALYSIS
           FIGURE 26 VALUE CHAIN ANALYSIS: VERTICAL FARMING MARKET
    6.2 CASE STUDY ANALYSIS
           6.2.1 CASE STUDY: AEROFARMS – TAKING VERTICAL FARMING TO NEW HEIGHTS BY USING ADVANCED TECHNOLOGY
           6.2.2 CASE STUDY: FLUENCE BY OSRAM IMPLEMENTS LED LIGHTING INTO HORTIPOLARIS CULTIVATION AND RESEARCH FACILITY
           6.2.3 CASE STUDY: BENEFITS OF IOT DEPLOYMENT FOR INDOOR VERTICAL FARMS THAT USE DATA-DRIVEN INSIGHTS TO INCREASE YIELD, CONSERVE RESOURCES, AND IMPROVE QUALITY OF PRODUCE
           6.2.4 CASE STUDY: SIGNIFY’S (NETHERLANDS) LED LIGHTING SOLUTION USED BY RIAT FOR GROWING TOMATOES AND CUCUMBERS IN A VERTICAL FARM
           6.2.5 CASE STUDY: AVRIL INSTALLED A VERTICAL FARM IN THEIR NEW BRANCH
           6.2.6 CASE STUDY: KARMA FARM ADDED HYDROPONIC SOLUTION TO ITS TRADITIONAL FARM SOLUTION TO ACHIEVE SUSTAINABILITY
    6.3 REGION-WISE RECENT DEVELOPMENTS IN MARKET
           6.3.1 DEVELOPMENTS IN EUROPE
           6.3.2 DEVELOPMENTS IN NORTH AMERICA
           6.3.3 DEVELOPMENTS IN ASIA PACIFIC
           6.3.4 DEVELOPMENTS IN MIDDLE EAST
    6.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
           FIGURE 27 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
    6.5 TECHNOLOGY ANALYSIS
    6.6 PATENT ANALYSIS
           TABLE 2 MODULAR VERTICAL FARM CELL
           TABLE 3 COMBINED VERTICAL FARM, BIOFUEL, BIOMASS, AND ELECTRIC POWER GENERATION PROCESS AND FACILITY
           TABLE 4 VERTICAL AEROPONIC PLANT GROWING ENCLOSURE
           TABLE 5 CRATE FOR VERTICAL FARMING, CONTROL UNIT, AND METHOD FOR OPERATING CRATES
           TABLE 6 CONTROL AND SENSOR SYSTEMS FOR AN ENVIRONMENTALLY CONTROLLED VERTICAL FARMING SYSTEM
    6.7 TRADE ANALYSIS
           FIGURE 28 GLOBAL IMPORT DATA ANALYSIS FOR HS CODE 8424
           FIGURE 29 GLOBAL EXPORT DATA ANALYSIS FOR THE HS CODE 8424
           FIGURE 30 COUNTRY-WISE GLOBAL IMPORT DATA ANALYSIS FOR THE HS CODE 8424
    6.8 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 31 MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 32 INTENSITY OF COMPETITIVE RIVALRY
           FIGURE 33 THREAT OF SUBSTITUTES
           FIGURE 34 BARGAINING POWER OF BUYERS
           FIGURE 35 BARGAINING POWER OF SUPPLIERS
           FIGURE 36 THREAT OF NEW ENTRANTS
    6.9 REGULATORY LANDSCAPE
           TABLE 8 REGULATIONS: VERTICAL FARMING MARKET

7 VERTICAL FARMING MARKET, BY GROWTH MECHANISM (Page No. - 87)
    7.1 INTRODUCTION
           FIGURE 37 HYDROPONICS GROWTH MECHANISM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 9 MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
           TABLE 10 MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
    7.2 HYDROPONICS
           7.2.1 INSTALLATION OF HYDROPONIC MECHANISM IS SIMPLE AND COST-EFFECTIVE
                    TABLE 11 HYDROPONICS VERTICAL FARMING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 12 HYDROPONICS VERTICAL FARMING, BY REGION, 2021–2026 (USD MILLION)
    7.3 AEROPONICS
           7.3.1 HIGH PRODUCTIVITY AND LOW TIMEFRAME ARE ACHIEVED USING IMPROVED PATENTED TECHNOLOGY
                    TABLE 13 AEROPONICS VERTICAL FARMING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 14 AEROPONICS VERTICAL FARMING, BY REGION, 2021–2026 (USD MILLION)
    7.4 AQUAPONICS
           7.4.1 IMPROVED WATER USAGE TO DRIVE DEMAND FOR AQUAPONICS IN VERTICAL FARMING
                    TABLE 15 AQUAPONICS VERTICAL FARMING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 16 AQUAPONICS VERTICAL FARMING, BY REGION, 2021–2026 (USD MILLION)

8 VERTICAL FARMING MARKET, BY STRUCTURE (Page No. - 93)
    8.1 INTRODUCTION
           FIGURE 38 BUILDING-BASED VERTICAL FARMS TO HOLD LARGER MARKET SHARE IN 2026
           TABLE 17 MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
           TABLE 18 MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
    8.2 BUILDING-BASED VERTICAL FARMS
           8.2.1 COUNTRIES WITH UNSUPPORTED CROP ENVIRONMENT ARE EARLY ADOPTERS OF BUILDING-BASED VERTICAL FARMS
                    TABLE 19 BUIDING-BASED VERTICAL FARMING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 BUIDING-BASED VERTICAL FARMING, BY REGION, 2021–2026 (USD MILLION)
    8.3 SHIPPING CONTAINER-BASED VERTICAL FARMS
           8.3.1 EMERGING VERTICAL FARM SOLUTIONS FOR SMALL FARMERS TO DRIVE DEMAND FOR SHIPPING CONTAINER-BASED VERTICAL FARMS
                    TABLE 21 SHIPPING CONTAINER-BASED MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 SHIPPING CONTAINER-BASED VERTICAL FARMING, BY REGION, 2021–2026 (USD MILLION)

9 VERTICAL FARMING MARKET, BY CROP TYPE (Page No. - 98)
    9.1 INTRODUCTION
           FIGURE 39 LETTUCE TO BE LEADING SEGMENT OF MARKET BY CROP TYPE DURING FORECAST PERIOD
           TABLE 23 MARKET, BY CROP TYPE, 2017–2020 (USD MILLION)
           TABLE 24 MARKET, BY CROP TYPE, 2021–2026 (USD MILLION)
    9.2 VEGETABLES
           9.2.1 LETTUCE MAINLY CULTIVATED IN CONTROLLED ENVIRONMENT IN VERTICAL FARMS
    9.3 FRUITS
           9.3.1 DEMAND FOR ORGANIC FRUITS TO DRIVE MARKET GROWTH OF VERTICAL FARMS
                    TABLE 25 NORTH AMERICA: MARKET, BY CROP TYPE, 2017–2020 (USD MILLION)
                    TABLE 26 NORTH AMERICA: MARKET, BY CROP TYPE, 2021–2026 (USD MILLION)
                    TABLE 27 EUROPE: MARKET, BY CROP TYPE, 2017–2020 (USD MILLION)
                    TABLE 28 EUROPE: MARKET, BY CROP TYPE, 2021–2026 (USD MILLION)
                    TABLE 29 ASIA PACIFIC: MARKET, BY CROP TYPE, 2017–2020 (USD MILLION)
                    TABLE 30 ASIA PACIFIC: MARKET, BY CROP TYPE, 2021–2026 (USD MILLION)
                    TABLE 31 ROW: MARKET, BY CROP TYPE, 2017–2020 (USD MILLION)
                    TABLE 32 ROW: MARKET, BY CROP TYPE, 2021–2026 (USD MILLION)

10 VERTICAL FARMING MARKET, BY OFFERING (Page No. - 106)
     10.1 INTRODUCTION
               FIGURE 40 MARKET BY HARDWARE TO HOLD LARGEST MARKET SHARE IN 2026
               TABLE 33 MARKET, BY OFFERING, 2017–2020 (USD MILLION)
               TABLE 34 MARKET, BY OFFERING, 2021–2026 (USD MILLION)
               FIGURE 41 LIGHTING SEGMENT TO DOMINATE VERTICAL FARMING HARDWARE MARKET DURING FORECAST PERIOD
               TABLE 35 MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
               TABLE 36 MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
     10.2 HARDWARE
             10.2.1 LIGHTING
                       TABLE 37 MARKET FOR LIGHTING, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 38 MARKET FOR LIGHTING, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 39 MARKET FOR LIGHTING, BY COMPONENT, 2017–2020  (USD MILLION)
                       TABLE 40 MARKET FOR LIGHTING, BY COMPONENT, 2021–2026  (USD MILLION)
                       10.2.1.1 Lighting Fixtures
                                   10.2.1.1.1 High Efficiency of LEDs to drive their demand in vertical farms
                                   TABLE 41 MARKET FOR LIGHTING FIXTURES, BY REGION, 2017–2020  (USD MILLION)
                                   TABLE 42 MARKET FOR LIGHTING FIXTURES, BY REGION, 2021–2026  (USD MILLION)
                       10.2.1.2 Lighting Control
                                   10.2.1.2.1 Connected energy-saving lighting systems proven to be ideal for vertical farming
                                   TABLE 43 MARKET FOR LIGHTING CONTROLS, BY REGION, 2017–2020  (USD MILLION)
                                   TABLE 44 MARKET FOR LIGHTING CONTROLS, BY REGION, 2021–2026  (USD MILLION)
             10.2.2 HYDROPONICS COMPONENTS
                       10.2.2.1 Appropriate utilization of nutrient-laden water ensures high crop growth
                                   TABLE 45 MARKET FOR HYDROPONIC COMPONENTS, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 46 MARKET FOR HYDROPONIC COMPONENTS, BY REGION, 2021–2026 (USD MILLION)
             10.2.3 CLIMATE CONTROL
                       10.2.3.1 Effective HVAC systems are critical to ensure high productivity through precise temperature control
                                   TABLE 47 MARKET FOR CLIMATE CONTROL, BY REGION, 2017–2020  (USD MILLION)
                                   TABLE 48 MARKET FOR CLIMATE CONTROL, BY REGION, 2021–2026 (USD MILLION)
             10.2.4 SENSORS
                       10.2.4.1 Sensors provide necessary data points for accurate monitoring to ensure high productivity and farm efficiency
                                   TABLE 49 MARKET FOR SENSORS, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 50 MARKET FOR SENSORS, BY REGION, 2021–2026 (USD MILLION)
     10.3 SOFTWARE
     10.4 SERVICES

11 GEOGRAPHY ANALYSIS (Page No. - 118)
     11.1 INTRODUCTION
               FIGURE 42 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
               TABLE 51 MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 52 MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 43 VERTICAL FARMING MARKET SNAPSHOT: NORTH AMERICA
               TABLE 53 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2020  (USD MILLION)
               TABLE 54 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2026  (USD MILLION)
               TABLE 55 NORTH AMERICA: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
               TABLE 56 NORTH AMERICA: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
               TABLE 57 NORTH AMERICA: MARKET, BY GROWTH MECHANISM,  2017–2020 (USD MILLION)
               TABLE 58 NORTH AMERICA: MARKET, BY GROWTH MECHANISM,  2021–2026 (USD MILLION)
               TABLE 59 NORTH AMERICA: LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 60 NORTH AMERICA: LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 61 NORTH AMERICA: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017–2020 (USD MILLION)
               TABLE 62 NORTH AMERICA: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2021–2026 (USD MILLION)
               TABLE 63 NORTH AMERICA: HYDROPONIC COMPONENTS MARKET, BY COUNTRY,  2017–2020 (USD MILLION)
               TABLE 64 NORTH AMERICA: HYDROPONIC COMPONENTS MARKET, BY COUNTRY,  2021–2026 (USD MILLION)
               TABLE 65 NORTH AMERICA: CLIMATE CONTROLS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 66 NORTH AMERICA: CLIMATE CONTROLS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 67 NORTH AMERICA: SENSORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 68 NORTH AMERICA: SENSORS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             11.2.1 US
                       11.2.1.1 Increase in number of vertical farms and partnerships among companies help boost vertical farming in US
                                   TABLE 69 US: VERTICAL FARMING MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 70 US: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 71 US: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                                   TABLE 72 US: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                                   TABLE 73 US: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 74 US: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Presence of technologically advanced vertical farming companies in Canada increasing concept of growing crops vertically
                                   TABLE 75 CANADA: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 76 CANADA: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 77 CANADA: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
                                   TABLE 78 CANADA: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
                                   TABLE 79 CANADA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 80 CANADA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 Increase in population, deteriorating cultivation zones, and scarcity of water drive adoption of vertical farming in Mexico
                                   TABLE 81 MEXICO: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 82 MEXICO: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 83 MEXICO: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
                                   TABLE 84 MEXICO: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
                                   TABLE 85 MEXICO: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 86 MEXICO: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
     11.3 EUROPE
               FIGURE 44 VERTICAL FARMING MARKET SNAPSHOT: EUROPE
               TABLE 87 EUROPE: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 88 EUROPE: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 89 EUROPE: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
               TABLE 90 EUROPE: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
               TABLE 91 EUROPE: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
               TABLE 92 EUROPE: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
               TABLE 93 EUROPE: LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 94 EUROPE: LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 95 EUROPE: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017–2020 (USD MILLION)
               TABLE 96 EUROPE: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2021–2026 (USD MILLION)
               TABLE 97 EUROPE: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 98 EUROPE: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 99 EUROPE: CLIMATE CONTROLS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 100 EUROPE: CLIMATE CONTROLS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 101 EUROPE: SENSORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 102 EUROPE: SENSORS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               11.3.1 EU5
                       11.3.1.1 Focus on advanced technologies help create high growth opportunities for vertical farming market in EU5
                                   TABLE 103 EU5: FARMING MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 104 EU5: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 105 EU5: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
                                   TABLE 106 EU5: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
                                   TABLE 107 EU5: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 108 EU5: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.3.2 SCANDINAVIA
                       11.3.2.1 Deployment of vertical farms in restaurants, retail, and grocery stores eliminates food wastage during transportation in Scandinavia
                                   TABLE 109 SCANDINAVIA: FARMING MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 110 SCANDINAVIA: VERTICAL FARMING MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 111 SCANDINAVIA: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                                   TABLE 112 SCANDINAVIA: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                                   TABLE 113 SCANDINAVIA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020  (USD MILLION)
                                   TABLE 114 SCANDINAVIA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026  (USD MILLION)
             11.3.3 NETHERLANDS
                       11.3.3.1 Partnerships and collaborations between leading vertical farming companies are driving market’s growth in Netherlands
                                   TABLE 115 NETHERLANDS: FARMING MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 116 NETHERLANDS: VERTICAL FARMING MARKET, BY STRUCTURE, 2021–2026  (USD MILLION)
                                   TABLE 117 NETHERLANDS: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                                   TABLE 118 NETHERLANDS: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                                   TABLE 119 NETHERLANDS: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020  (USD MILLION)
                                   TABLE 120 NETHERLANDS: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026  (USD MILLION)
             11.3.4 REST OF EUROPE
                       TABLE 121 REST OF EUROPE: VERTICAL FARMING MARKET, BY STRUCTURE, 2017–2020  (USD MILLION)
                       TABLE 122 REST OF EUROPE: MARKET, BY STRUCTURE, 2021–2026  (USD MILLION)
                       TABLE 123 REST OF EUROPE: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                       TABLE 124 REST OF EUROPE: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                       TABLE 125 REST OF EUROPE: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020  (USD MILLION)
                       TABLE 126 REST OF EUROPE: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026  (USD MILLION)
     11.4 ASIA PACIFIC
               FIGURE 45 MARKET SNAPSHOT: ASIA PACIFIC
               TABLE 127 ASIA PACIFIC: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 128 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 129 ASIA PACIFIC: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
               TABLE 130 ASIA PACIFIC: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
               TABLE 131 ASIA PACIFIC: MARKET, BY GROWTH MECHANISM,  2017–2020 (USD MILLION)
               TABLE 132 ASIA PACIFIC: MARKET, BY GROWTH MECHANISM,  2021–2026 (USD MILLION)
               TABLE 133 ASIA PACIFIC: LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 134 ASIA PACIFIC: LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 135 ASIA PACIFIC: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017–2020 (USD MILLION)
               TABLE 136 ASIA PACIFIC: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2021–2026 (USD MILLION)
               TABLE 137 ASIA PACIFIC: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 138 ASIA PACIFIC: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 139 ASIA PACIFIC: CLIMATE CONTROLS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 140 ASIA PACIFIC: CLIMATE CONTROLS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 141 ASIA PACIFIC: SENSORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 142 ASIA PACIFIC: SENSORS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Investment in vertical farming is increasing due to increase in urban population and declining agricultural land in China
                                   TABLE 143 CHINA: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 144 CHINA: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 145 CHINA: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                                   TABLE 146 CHINA: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                                   TABLE 147 CHINA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 148 CHINA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.4.2 JAPAN
                       11.4.2.1 High involvement in R&D for vertical farming producing growth opportunities for vertical farming market in Japan
                                   TABLE 149 JAPAN: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 150 JAPAN: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 151 JAPAN: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
                                   TABLE 152 JAPAN: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
                                   TABLE 153 JAPAN: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 154 JAPAN: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.4.3 SINGAPORE
                       11.4.3.1 Support from government and achieving food security helping Singapore to become global leader in vertical farming
                                   TABLE 155 SINGAPORE: VERTICAL FARMING MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
                                   TABLE 156 SINGAPORE: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
                                   TABLE 157 SINGAPORE: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
                                   TABLE 158 SINGAPORE: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
                                   TABLE 159 SINGAPORE: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 160 SINGAPORE: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.4.4 REST OF ASIA PACIFIC
                       TABLE 161 REST OF ASIA PACIFIC: MARKET, BY STRUCTURE, 2017–2020  (USD MILLION)
                       TABLE 162 REST OF ASIA PACIFIC: MARKET, BY STRUCTURE, 2021–2026  (USD MILLION)
                       TABLE 163 REST OF ASIA PACIFIC: MARKET, BY GROWTH MECHANISM,  2017–2020 (USD MILLION)
                       TABLE 164 REST OF ASIA PACIFIC: MARKET, BY GROWTH MECHANISM,  2021–2026 (USD MILLION)
                       TABLE 165 REST OF ASIA PACIFIC: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020  (USD MILLION)
                       TABLE 166 REST OF ASIA PACIFIC: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026  (USD MILLION)
     11.5 REST OF THE WORLD
               TABLE 167 ROW: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 168 ROW: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 169 ROW: MARKET, BY STRUCTURE, 2017–2020 (USD MILLION)
               TABLE 170 ROW: MARKET, BY STRUCTURE, 2021–2026 (USD MILLION)
               TABLE 171 ROW: MARKET, BY GROWTH MECHANISM, 2017–2020  (USD MILLION)
               TABLE 172 ROW: MARKET, BY GROWTH MECHANISM, 2021–2026  (USD MILLION)
               TABLE 173 ROW: LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 174 ROW: LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 175 ROW: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2017–2020 (USD MILLION)
               TABLE 176 ROW: LIGHTING MARKET, BY LIGHTING COMPONENTS, 2021–2026 (USD MILLION)
               TABLE 177 ROW: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 178 ROW: HYDROPONIC COMPONENTS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 179 ROW: CLIMATE CONTROLS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 180 ROW: CLIMATE CONTROLS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 181 ROW: SENSORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 182 ROW: SENSORS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             11.5.1 MIDDLE EAST & AFRICA
                       11.5.1.1 Increase in investments to develop indoor vertical farming in Middle East & Africa
                                   TABLE 183 MIDDLE EAST & AFRICA: VERTICAL FARMING MARKET, BY STRUCTURE, 2017–2020  (USD MILLION)
                                   TABLE 184 MIDDLE EAST & AFRICA: MARKET, BY STRUCTURE, 2021–2026  (USD MILLION)
                                   TABLE 185 MIDDLE EAST & AFRICA: MARKET, BY GROWTH MECHANISM,  2017–2020 (USD MILLION)
                                   TABLE 186 MIDDLE EAST & AFRICA: MARKET, BY GROWTH MECHANISM,  2021–2026 (USD MILLION)
                                   TABLE 187 MIDDLE EAST & AFRICA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020 (USD MILLION)
                                   TABLE 188 MIDDLE EAST & AFRICA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026 (USD MILLION)
             11.5.2 SOUTH AMERICA
                       11.5.2.1 Emergence of start-ups involved in vertical farming to boost growth of market in South America
                                   TABLE 189 SOUTH AMERICA: MARKET, BY STRUCTURE, 2017–2020  (USD MILLION)
                                   TABLE 190 SOUTH AMERICA: MARKET, BY STRUCTURE, 2021–2026  (USD MILLION)
                                   TABLE 191 SOUTH AMERICA: MARKET, BY GROWTH MECHANISM, 2017–2020 (USD MILLION)
                                   TABLE 192 SOUTH AMERICA: MARKET, BY GROWTH MECHANISM, 2021–2026 (USD MILLION)
                                   TABLE 193 SOUTH AMERICA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2017–2020  (USD MILLION)
                                   TABLE 194 SOUTH AMERICA: LIGHTING MARKET, BY LIGHTING COMPONENT, 2021–2026  (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 169)
     12.1 OVERVIEW
               FIGURE 46 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES OPERATING IN MARKET
     12.2 MARKET SHARE AND RANKING ANALYSIS
               TABLE 195 MARKET: DEGREE OF COMPETITION,2020 (LIGHTING PROVIDERS)
               TABLE 196 MARKET: DEGREE OF COMPETITION,2020 (CROP PRODUCERS)
     12.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 47 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST FIVE YEARS
     12.4 MARKET: COMPANY EVALUATION MATRIX (FOR OEMS AND SYSTEM INTEGRATORS), 2020
               FIGURE 48 MARKET: COMPANY EVALUATION MATRIX (FOR OEMS AND SYSTEM INTEGRATORS), 2020
             12.4.1 STAR
             12.4.2 PERVASIVE PLAYER
             12.4.3 EMERGING LEADER
             12.4.4 PARTICIPANT
     12.5 COMPETITIVE BENCHMARKING
               TABLE 197 COMPANY FOOTPRINT
               TABLE 198 COMPANY OFFERING FOOTPRINT
               TABLE 199 COMPANY REGIONAL FOOTPRINT
     12.6 VERTICAL FARMING MARKET: COMPANY EVALUATION MATRIX (FOR GROWERS /VERTICAL FARMING COMPANIES), 2020
               FIGURE 49 MARKET: COMPANY EVALUATION  MATRIX (FOR GROWERS/VERTICAL FARMING COMPANIES), 2020
             12.6.1 STAR
             12.6.2 PERVASIVE
             12.6.3 EMERGING LEADER
             12.6.4 PARTICIPANT
     12.7 COMPETITIVE SCENARIO AND TRENDS
             12.7.1 PRODUCT LAUNCHES
                       TABLE 200 MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, FEBRUARY 2019–JUNE 2021
             12.7.2 DEALS
                       TABLE 201 MARKET: DEALS, MARCH 2020–AUGUST 2021
             12.7.3 EXPANSIONS
                       TABLE 202 MARKET: OTHERS, MARCH 2019–AUGUST 2021

13 COMPANY PROFILE (Page No. - 184)
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
(Business overview, Products/Solutions/Services offered, MNM view)*
             13.2.1 SIGNIFY
                       TABLE 203 SIGNIFY: BUSINESS OVERVIEW
                       FIGURE 50 SIGNIFY: COMPANY SNAPSHOT
                       TABLE 204 SIGNIFY: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 205 SIGNIFY: DEALS
             13.2.2 OSRAM
                       TABLE 206 OSRAM: BUSINESS OVERVIEW
                       FIGURE 51 OSRAM: COMPANY SNAPSHOT
                       TABLE 207 OSRAM: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 208 OSRAM: PRODUCT LAUNCHES
                       TABLE 209 OSRAM: DEALS
                       TABLE 210 OSRAM: OTHERS
             13.2.3 FREIGHT FARMS
                       TABLE 211 FREIGHT FARMS BUSINESS OVERVIEW
                       TABLE 212 FREIGHT FARMS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 213 FREIGHT FARMS: PRODUCT LAUNCHES
                       TABLE 214 FREIGHT FARMS: DEALS
                       TABLE 215 FREIGHT FARMS: OTHERS
             13.2.4 AEROFARMS
                       TABLE 216 AEROFARMS: BUSINESS OVERVIEW
                       TABLE 217 AEROFARMS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 218 AEROFARMS: DEALS
                       TABLE 219 AEROFARMS: OTHERS
             13.2.5 SKY GREENS
                       TABLE 220 SKY GREENS: BUSINESS OVERVIEW
                       TABLE 221 SKY GREENS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.6 SPREAD
                       TABLE 222 SPREAD: BUSINESS OVERVIEW
                       TABLE 223 SPREAD: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.7 PLENTY
                       TABLE 224 PLENTY: BUSINESS OVERVIEW
                       TABLE 225 PLENTY: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 226 PLENTY: OTHERS
             13.2.8 VALOYA
                       TABLE 227 VALOYA: BUSINESS OVERVIEW
                       TABLE 228 VALOYA: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 229 VALOYA: DEALS
             13.2.9 EVERLIGHT ELECTRONICS
                       TABLE 230 EVERLIGHT ELECTRONICS: BUSINESS OVERVIEW
                       FIGURE 52 EVERLIGHT ELECTRONICS: COMPANY SNAPSHOT
                       TABLE 231 EVERLIGHT ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.10 HELIOSPECTRA AB
                       TABLE 232 HELIOSPECTRA AB: BUSINESS OVERVIEW
                       FIGURE 53 HELIOSPECTRA AB: COMPANY SNAPSHOT
                       TABLE 233 HELIOSPECTRA AB: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
                       TABLE 234 HELIOSPECTRA AB: PRODUCT LAUNCHES
                       TABLE 235 HELIOSPECTRA AB: DEALS
                       TABLE 236 HELIOSPECTRA AB: OTHERS
             13.2.11 GREEN SENSE FARMS
                       TABLE 237 GREEN SENSE FARMS: BUSINESS OVERVIEW
                       TABLE 238 GREEN SENSE FARMS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.12 AGRILUTION
                       TABLE 239 AGRILUTION: BUSINESS OVERVIEW
                       TABLE 240 AGRILUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.13 AMERICAN HYDROPONICS
                       TABLE 241 AMERICAN HYDROPONICS: BUSINESS OVERVIEW
                       TABLE 242 AMERICAN HYDROPONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
             13.2.14 URBAN CROP SOLUTIONS
                       TABLE 243 BUSINESS OVERVIEW: URBAN CROP SOLUTIONS
                       TABLE 244 URBAN CROP SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS
     13.3 OTHER KEY PLAYERS
             13.3.1 VERTICAL FARM SYSTEMS
             13.3.2 BOWERY FARMING
             13.3.3 AGRICOOL
             13.3.4 SANANBIO
             13.3.5 GROWPOD SOLUTIONS
             13.3.6 INFARM
             13.3.7 ALTIUS FARMS
             13.3.8 INTELLIGENT GROWTH SOLUTIONS
             13.3.9 4D BIOS INC
             13.3.10 FUTURE CROPS
             13.3.11 BRIGHT FARMS
             13.3.12 SWEGREEN
             13.3.13 VERTICAL FUTURE LTD.

*Details on Business overview, Products/Solutions/Services offered, MNM view might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 233)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS


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