Aeroponics Market by Application (Indoor Farming and Outdoor Farming) and Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
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The practice regarding aeroponics is considerably impacting the idea of farming. The changing taste, better exposure to global designs, rising demand for growing plants vertically, and better yield are making aeroponics a growing preference in the agricultural sector.
This practice is also getting popular due to its ability to avoid space crunch, which is a must in residential spaces that are small. The global market for aeroponics is witnessing an impressive surge in its demand and can now register a 25.60% CAGR during the forecast period that covers 2019 to 2026.
The global demand for vertical farming due to space crunch is getting traction from several quarters. This is one major reason thrusting the demand for aeroponics ahead.
Also, this is a method that saves water. It consumes almost 95% less water than the traditional practices due to the inclusion of a closed-loop system.
Farmers are also trying this method to develop their vegetables and it has been a success so far.
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In addition, waste production is almost zero due to which it is picking speed quite fast. If it is organized in a controlled space it can produce 70% more than the traditional agricultural process.
Limited arable lands, demand for organic food are some reasons that can inspire the market growth further. However, its initial cost can deter aeroponics market growth.
But it is bound to get popular in the urban areas.
By application, the report covers the aeroponics market and segments it into indoor farming and outdoor farming. By component, the aeroponics market has been segmented in the report into irrigation component, lighting, sensor, climate control, building material, and others.
The region-specific take on the market reveals the inclusion of LAMEA, Asia Pacific, Europe, and North America. LAMEA includes Latin America and the Middle East & Africa.
Browse 82 market data Tables and 48 Figures spread through 178 Pages and in-depth TOC on "Aeroponics Market - Global Forecast to 2026"
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The global market for aeroponics would benefit much from the North American region. This is primarily due to the potential of the major two economies the US and Canada.
Both these countries are known for their ability to invest in research and technologies that can provide better methods. Also, these two countries are known for their easy uptake of the latest technologies.
In Europe, the growth of the market would meet similar reasons.
The Asia Pacific market would benefit much from the rising aeroponics market. The regional demand for food is quite high due to the increasing population owing to which people are looking for this as a better opportunity.
The aeroponics market depends much on the competition boosted by existing players and new entrants. The tussle witnesses a rise in strategic developments, the launching of innovative methods, a constant flow of investment, and others.
This has been documented well in the report to gauge how the market is going to construct itself in the coming days.
Players actively taking part in the aeroponics market are Aeroponics (AERO Development Corp), AeroFarms, LettUs Grow, BrightFarms Inc, Evergreen Farm Oy, Altius Farms, CombaGroup SA, Living Greens Farm, Ponics Technologies, and Freight Farms.
Some of the key topics covered in the report include:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Aeroponics Market, By Application
Chapter 5: Global Aeroponics Market, By Component
Chapter 6: Global Aeroponics Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profile
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