Grow Lights Market worth $4 9 billion by 2026 texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Grow Lights Market worth $4.9 billion by 2026 - Exclusive Report by MarketsandMarkets
Grow Lights Market with Covid-19 Impact and Analysis by Offering (Hardware, Software & Services), Installation Type (New and Retrofit), Application (Greenhouses, Vertical Farms), Sales Channels, Spectrum, and Geography - Global Forecast to 2026 , published by MarketsandMarkets, the market is projected to grow from USD 1.2 billion in 2021 to USD 4.9 billion by 2026, at a CAGR of 32.2% during the forecast period. The key factors fueling the growth of this market include increasing government support for the adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, growing investments in projects related to vertical farms and greenhouses, and rising adoption of indoor farming in urban areas.
Vertical Farming Market to See Massive Growth by 2025 | AeroFarm, FarmedHere, Illumitex texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Vertical Farming (Hydroponics, Aeroponics, and Aquaponics) Market with COVID-19 Impact Analysis - Global Forecast to 2025 - ResearchAndMarkets.com
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The Vertical Farming Market is Projected to Reach USD 7.3 Billion by 2025 from USD 2.9 Billion in 2020 at a CAGR of 20.2%
The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future.
The COVID-19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circu
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ResearchAndMarkets.com s offering.
The Vertical Farming Market is Projected to Reach USD 7.3 Billion by 2025 from USD 2.9 Billion in 2020 at a CAGR of 20.2%
The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future.
The COVID-19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circulation in a vertical farm, and vertical farming on a large scale act as major challenges for the growth of the market.