The climate control agriculture market was valued at $74.49 billion

Climate control agriculture market | Cut

The global climate control agriculture market size reached USD 74.49 billion in 2020 and is expected to register a CAGR of 18.7% during the forecast period, according to the latest analysis from Emergen Research. Rising global demand for food products along with technological advancement in farming methods are some of the major drivers for the growth of the global climate-controlled agriculture market revenue. Market revenue growth is also expected to be driven by growing demand for local and organic foods.

As technological advancements multiply, emerging technologies are gradually being adopted by farmers to maximize crop yields. More advanced hydroponic lights have been invented in recent years, known as grow lights (HID lights) which aid in indoor gardening due to their ability to provide the right spectrum to crops, which boosts the growth of grower’s income. global market for climate-controlled agriculture.

Major participants in the climate control agriculture market include Pentair Aquatic Eco-Systems, Inc., Everlight Electronics Co. Ltd., Illumitex Inc., Aerofarms AGX Ltd., American Hydroponics (Amhydro), Innovation Agri-Tech Group, Green Sense Environment Solutions LLC. , Fresh Box SP ZO. O, Grow Pod Solutions, LLC and Nelson and Pade, Inc.

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Coronavirus outbreak has caused drastic changes in the current climate control agriculture market business landscape, limiting growth opportunities for various manufacturers and buyers over the next few years. Apart from speculating on the post-COVID-19 scenario of the market, the report discusses its current situation. The report ultimately offers conclusive data related to the Climate Control Agriculture market growth assessed at the regional and global level.

Research Methodology

Emergen Research follows a consistent methodology to reduce residual errors to a minimum level by refining the scope, validating with primary information and regularly feeding the internal database. A dynamic model is formulated to capture regular fluctuations in the market and hence get updated with any changes in market dynamics. The parameters and variables involved in the research vary with individual markets and, more importantly, demand and supply information is included in the model to identify the market gap.

Climate Control Agriculture Market Report Key Inclusions:

Effects of COVID-19 on growth figures.

Statistical analysis related to market size, sales volume and overall industry revenue.

Organized mentions of key market trends.

Opportunities for growth.

Figures showing market growth rate.

Advantages and disadvantages of direct and indirect sales channels.

Overviews regarding traders, distributors and resellers present in the industry.

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Some key highlights of the report:

Revenue from the tomato segment is expected to grow at a significantly rapid CAGR over the forecast period due to the wide range of uses of tomatoes and the ability to be produced in large volumes. The fruits are eaten raw or cooked and contain vitamins such as A and C enriched with antioxidants.

The aquaponics segment is expected to register a significantly robust revenue growth rate over the forecast period. Aquaponics is a process where both fish farming and hydroponics are considered. Aquaponics is also an efficient and environmentally friendly cultivation method. Hydroponic crops depend on the nutrient rich water that is removed from fish farming and this method requires approximately 90% less water than that used in traditional farming practices and methods. It is also estimated to provide 10 times higher yields per acre than soil-based farms.

Europe is expected to account for a larger revenue share than other regional markets over the forecast period due to unfavorable weather conditions, limited arable land, and use of more advanced and innovative technologies that aid in production of crops in large proportions in the countries of the region. . Furthermore, the presence of some major companies such as Fresh Box SP ZO.O and others is boosting the growth of the climate-controlled agriculture market in the region.

Emergen Research has segmented global climate control agriculture on the basis of crop, cultivation method, components, and region:

Crop Prospects (Revenue, USD Billion; 2018-2028)

Lettuce and leafy greens

Cucumber

Tomato

Pepper

Strawberries

Others

Growth Method Outlook (Revenue, USD Billion; 2018-2028)

hydroponics

Aquaponics

Aeroponics

Others

Components Outlook (Revenue, USD Billion; 2018-2028)

Lighting

Culture media

Nutrients

Others

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Geographically, this report studies key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
South East Asia
India

We can also provide custom regional or country reports for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, United Kingdom, Italy, Spain, Russia, Rest of Europe, Central and South America, Brazil, Argentina, Rest of South America, Middle East and Africa, Saudi Arabia, Turkey, Rest of Middle East and Africa

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Some of the key questions answered in this report:

What is the size of the global climate control agriculture market and its segments?

What are the key segments and sub-segments of the market?

What are the major drivers, restraints, opportunities and challenges in the Agriculture and Climate Control market and how they are expected to affect the market?

What are the attractive investment opportunities in the Climate Controlled Agriculture market?

What is the size of the climate control agriculture market at the regional and country level?

Who are the main market players and their main competitors?

What are the growth strategies adopted by the key players of the Climate Controlled Agriculture market?

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