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According to a new report Global Vertical Farming Market, published by KBV research, the Global Vertical Farming Market size is expected to reach $6.3 billion by 2023, rising at a market growth of 20.6% CAGR during the forecast period.
The Asia Pacific market holds the largest market share in Global Hydroponics Vertical Farming Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 19.9 % during the forecast period.
The Europe market is expected to witness a CAGR of 21.1% during (2017 - 2023) in Global Aeroponics Vertical Farming Market. Additionally, The North America market is expected to witness a CAGR of 20.8% during (2017 - 2023) in Global Aquaponics Vertical Farming Market.
The Lighting market holds the largest market share in Global Vertical Farming Market by Component in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 19.3 % during the forecast period. The Irrigation Component market is expected to witness a CAGR of 21.8% during (2017 - 2023). Additionally, The Climate Control market would attain market size of $734.1 million by 2023.
Full Report: https://www.kbvresearch.com/vertical-farming-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Vertical Farming Market have been discussed in the report with the elaborated company profiles of AeroFarms, Urban Crops Solutions, Illumitex, Inc., Koninklijke Philips N.V., Sky Green Ltd., Everlight Electronics Co., Ltd., American Hydroponics, Hort Americas, Agrilution, and Green Sense Farms, LLC.
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