#Canada Indoor Farming Technology Market

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Indoor Farming Market Share, Rising Trends, Growth Drivers, Opportunities, Challenges, CAGR Status, Business Analysis and Future Outlook Till 2033: SPER Market Research

The practice of cultivating crops indoors without exposing them to the outside environment is commonly referred to as indoor farming. Vegetables, fruits, and herbs are the most widely cultivated indoor crops. Large-scale operations and compact spaces, such as basements, are both possible with indoor farms. Farming practices typically incorporate methods like hydroponics, where crops are nourished by artificial lighting. The yield from indoor farming technologies surpass traditional farming. A controlled environment inside the indoor farming complex creates an optimum growing conditions for the farmers to grow a crop from the seed till the harvesting stage arrives. In order to produce safer and healthier food, indoor farming technology refrains from employing any fungicides and all pesticides.

According to SPER Market Research, ‘Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Indoor Farming Technology Market is estimated to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.

 The growing issue of a shortage of land for farming or food production, as a result of the world's population growing at an accelerated rate, is driving the development of indoor farming. Major advantages of indoor farming include improved crop growth, less water use, less reliance on outdoor temperatures or weather, labour cost savings, and improved energy conservation. These advantages are driving the global adoption of indoor farming practices, which is anticipated to fuel the growth of the indoor farming technology market. Modern agriculture has benefited from indoor vertical farming, which is gaining the interest of younger people. Technology for indoor farming makes it possible to maximize agricultural productivity and ecological sustainability due to shorter harvest times and better yields in less area.

Limited funding for agriculture-related businesses slows down research and development for indoor farming in public or private universities, which restricts the amount of data and information available. High set-up cost could be a restraining factor initially in indoor farming technology market. Since indoor farming equipment uses a lot of energy, farmers may find it difficult to pay for their high electricity bills. Furthermore, there is a need for higher public awareness and comprehension on the advantages of sustainable agriculture technologies and indoor farming. In addition, the sector lacks supervision and standards, which leads to variations in the safety and quality of products.

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The COVID-19 pandemic had a range of effects on the global indoor agricultural technology sector. The pandemic has hindered market expansion by causing labour shortages, supply chain interruptions, and a decline in consumer demand for non-essential commodities. However, the outbreak has highlighted the significance of resilient and sustainable food systems as well as food security, leading to increased investment in indoor farming technology. The epidemic has also prompted the development of automation and remote monitoring tools, which let farmers to oversee and manage their indoor crops from a distance. All things considered, the pandemic has brought opportunities as well as challenges to the worldwide indoor farming technology market.

 Indoor Farming Technology Market Key Players:

North America is the leading holder of share in Indoor Farming Technology Market. The need for indoor farming technology has been rising in this area as a result of the expanding involvement of international business lines in agricultural operations to satisfy crop producers' expectations to attain export-quality crops. Some of the key market players are Lumigrow, Signify Holding, Argus Control System, Everlight Electronics.

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Farming Technologies Market Future Outlook

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Offshore Air Handling Units Market Trends and Opportunities: Global Outlook (2023-2032)

The market for Offshore Air Handling Units is projected to grow from US$ 2.28 Bn in 2022 to an estimated US$ 4.8 Bn by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 7.50% over the forecast period.

Offshore Air Handling Units (AHUs) are critical components used in offshore facilities, such as oil rigs, wind farms, and marine platforms, to regulate and maintain indoor air quality and temperature. These units are designed to function in harsh marine environments, where exposure to saltwater, extreme weather, and corrosive conditions is common. Offshore AHUs typically consist of high-performance components like corrosion-resistant materials, robust filtration systems, and energy-efficient fans and coils to ensure reliable performance. They provide ventilation, heating, cooling, and humidity control, which are essential for the comfort and safety of personnel as well as the protection of sensitive equipment. These systems must meet stringent regulatory standards for durability, efficiency, and safety. Additionally, offshore AHUs often incorporate advanced automation and control systems for remote monitoring and maintenance, ensuring optimal operation even in the challenging and remote conditions found offshore.

The market for Offshore Air Handling Units (AHUs) is driven by various regional factors, with demand varying based on the presence of offshore industries, environmental regulations, and investments in energy infrastructure. Key regional insights for the Offshore AHU market include:

1. Europe

Europe is one of the leading markets for offshore AHUs, largely due to the region's significant investments in offshore wind energy and oil and gas exploration in areas such as the North Sea. Countries like the UK, Norway, and Denmark are driving the demand for specialized offshore HVAC solutions to support these growing sectors. Strict environmental regulations and a strong focus on energy efficiency and sustainability also contribute to the adoption of high-performance offshore AHUs. In addition, the European Green Deal and carbon reduction goals are pushing industries toward energy-efficient and environmentally friendly air handling solutions.

2. North America

North America, particularly the United States and Canada, represents a growing market for offshore AHUs, driven by ongoing oil and gas exploration in the Gulf of Mexico and offshore drilling activities off the coast of Canada. Additionally, the U.S. offshore wind sector is expanding rapidly, particularly along the East Coast, creating opportunities for AHU manufacturers to provide systems that meet the demanding environmental conditions of offshore platforms. The region's stringent safety and environmental regulations, particularly those related to emissions and energy consumption, are encouraging the adoption of advanced and energy-efficient offshore AHU technologies.

3. Asia-Pacific

The Asia-Pacific region, particularly countries like China, South Korea, Japan, and India, is experiencing increased demand for offshore AHUs due to the expansion of offshore oil and gas operations and the emerging offshore wind energy market. China is making significant investments in offshore wind farms as part of its clean energy strategy, while the region's growing industrial base also requires robust HVAC systems for offshore facilities. As these countries invest more in renewable energy and offshore projects, there is a rising need for specialized air handling units capable of withstanding the region's humid and often challenging offshore environments.

4. Middle East and Africa

The Middle East and Africa region has a steady demand for offshore AHUs, particularly due to the extensive oil and gas exploration activities in the Persian Gulf and off the coast of Africa. Countries like Saudi Arabia, the UAE, and Nigeria are major contributors to this market. The harsh climatic conditions in the region, with high temperatures and saltwater exposure, require highly durable and corrosion-resistant AHUs. Additionally, there is increasing interest in energy-efficient systems as countries in the Middle East are focusing on reducing the carbon footprint of their energy industries.

5. Latin America

Latin America, particularly Brazil and Mexico, is witnessing moderate demand for offshore AHUs, mainly driven by offshore oil and gas exploration in regions such as the Gulf of Mexico and the Brazilian offshore oil fields. As the region continues to develop its offshore energy resources, there is growing demand for reliable air handling systems to maintain safe working environments for offshore personnel. The market is expected to grow steadily as more investments are made in offshore energy projects, both in traditional fossil fuels and emerging renewable sectors.

6. Russia and CIS

Russia and other countries in the Commonwealth of Independent States (CIS) have significant offshore oil and gas resources, particularly in the Arctic and Caspian Sea regions. The harsh, cold offshore environments in these areas require highly specialized AHUs designed to withstand extreme temperatures and corrosive conditions. The development of these offshore resources, particularly in Russia's Arctic region, is driving demand for robust air handling systems that can ensure reliable performance in challenging climates.

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 Key players

Daikin Industries Ltd.

Carrier Corporation

Johnson Controls

Trane Technologies

Lennox International

FläktGroup

GEA Group

Trox Group

Airedale International Air Conditioning Ltd.

Novenco A.S

The Offshore Air Handling Units (AHUs) market is driven by several key factors that are contributing to its growth and demand across various offshore industries. These drivers include:

1. Growth in Offshore Oil and Gas Exploration

One of the primary drivers of the offshore AHU market is the continued expansion of offshore oil and gas exploration activities. As energy companies seek to exploit deepwater and ultra-deepwater reserves, particularly in regions such as the Gulf of Mexico, North Sea, and West Africa, there is a growing need for reliable and efficient HVAC systems to maintain safe working conditions on offshore platforms. Offshore AHUs help ensure proper ventilation, temperature control, and humidity management, which are essential for both operational efficiency and personnel safety in these harsh environments.

2. Expansion of Offshore Wind Energy Projects

The offshore wind energy sector is experiencing rapid growth, particularly in Europe, Asia, and North America. As countries push for renewable energy solutions to meet their climate goals, offshore wind farms are becoming a significant source of energy. Offshore air handling units are essential for maintaining the optimal operation of equipment and ensuring a safe and comfortable environment for personnel working in offshore wind facilities. The increasing investments in offshore wind energy projects are driving demand for durable and energy-efficient AHUs capable of withstanding marine conditions.

3. Stringent Environmental and Safety Regulations

Stringent environmental and safety regulations in industries such as oil and gas and renewable energy are a major driver of the offshore AHU market. Regulatory bodies across regions, such as the U.S. Environmental Protection Agency (EPA) and the European Union’s environmental standards, impose strict requirements for air quality, emissions control, and energy efficiency. Offshore AHUs must comply with these regulations to ensure minimal environmental impact and meet the high safety standards necessary for offshore facilities. As a result, there is a growing demand for technologically advanced AHUs that can meet these compliance requirements.

4. Technological Advancements in Energy-Efficient Systems

Advances in energy-efficient technologies are a significant driver for the offshore AHU market. Companies are increasingly seeking AHUs that offer high energy efficiency and reduced operating costs, as energy consumption is a major concern in offshore facilities where energy resources can be limited or expensive to generate. The integration of features such as variable speed fans, high-efficiency heat exchangers, and smart control systems enables offshore operators to optimize energy usage and improve sustainability. These technological advancements also help reduce greenhouse gas emissions, aligning with global efforts to reduce carbon footprints.

5. Need for Reliable HVAC Solutions in Harsh Marine Environments

Offshore platforms are exposed to extreme environmental conditions, including high humidity, saltwater, corrosive air, and temperature fluctuations. This creates a strong demand for highly durable and reliable AHUs that can withstand such harsh conditions. Offshore AHUs are specifically designed with corrosion-resistant materials and advanced filtration systems to ensure they function optimally in challenging marine environments. The need for robust systems that can operate reliably with minimal maintenance in remote offshore locations is a significant driver of the market.

6. Increasing Focus on Worker Safety and Comfort

Ensuring the health, safety, and comfort of offshore workers is a critical concern for companies operating in the offshore sector. Proper ventilation, air quality control, and climate regulation are essential for maintaining a safe working environment on offshore platforms. Offshore AHUs play a key role in controlling indoor air quality, regulating temperature, and removing humidity, which are crucial for preventing heat stress, respiratory issues, and other health hazards. As a result, the demand for high-quality HVAC systems, including AHUs, is rising in offshore facilities to prioritize worker safety and comfort.

7. Growing Investments in Offshore Infrastructure

Global investments in offshore infrastructure, particularly in the energy sector, are driving demand for air handling units. As countries and energy companies continue to invest in the development of new offshore platforms for oil, gas, and renewable energy projects, the demand for offshore AHUs is expected to increase. Governments and private companies are investing in both the expansion of existing offshore facilities and the construction of new platforms, fueling the need for efficient HVAC systems that can operate in marine environments.

8. Rising Demand for Modular and Customized AHUs

There is an increasing preference for modular and customized AHUs that can be tailored to the specific needs of offshore applications. Offshore platforms often have unique space constraints and operational requirements, making flexibility in design and installation a priority. Modular AHUs, which can be easily assembled and disassembled, are gaining popularity for their ease of transportation, installation, and maintenance. Customization options allow operators to optimize the performance of AHUs based on the specific environmental conditions and functional needs of their offshore facility.

9. Integration of Automation and Remote Monitoring

The integration of automation and remote monitoring technologies in offshore AHUs is becoming more common, driven by the need to minimize manual intervention and improve operational efficiency in remote offshore environments. Smart control systems and IoT-enabled devices allow for real-time monitoring of air quality, energy consumption, and system performance. This helps offshore operators detect potential issues early, perform preventive maintenance, and reduce downtime, which is critical in environments where access to the platform can be limited.

10. Decommissioning and Upgrading of Aging Offshore Facilities

Many existing offshore platforms, particularly in mature oil and gas regions, are reaching the end of their operational life. As these facilities undergo decommissioning, retrofitting, or upgrading, there is an opportunity for the installation of modern, energy-efficient AHUs. The demand for replacement units or upgraded air handling systems is expected to grow as companies invest in extending the life of their offshore assets through modernization and improved safety and efficiency measures.

Segmentation Analysis 

Oil and Gas Rigs

Cruise Liners and Yachts

Defense

FPSO Vessels

Cargo Ships

Additional sectors, such as semi-submersibles and RO-RO Ferries

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[creativeera]

Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

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The State of the Medical Marijuana Market: Projections for 2024-2030

The medical marijuana market is experiencing an impressive growth trajectory, with a projected compound annual growth rate (CAGR) of 21.81% from 2024 to 2032. The market, valued at USD 16.68 billion in 2023, is expected to reach an estimated USD 98.47 billion by 2032, reflecting a substantial expansion driven by increasing acceptance and advancements in medical research.

Medical marijuana, derived from cannabis plants, has garnered substantial attention for its potential therapeutic benefits. Its applications span a variety of medical conditions, including chronic pain, epilepsy, multiple sclerosis, and cancer-related symptoms. The growing body of clinical research supporting its efficacy, coupled with evolving legal frameworks and increasing patient demand, is fueling the robust growth of this market.

Key Drivers of Market Growth

One of the primary drivers of the medical marijuana market’s growth is the expanding body of research that underscores its medical benefits. Clinical studies have increasingly demonstrated the effectiveness of medical marijuana in managing chronic pain, reducing inflammation, and alleviating symptoms of several serious health conditions. This growing body of evidence is encouraging healthcare professionals to consider medical marijuana as a viable treatment option.

Additionally, the evolving legal landscape is significantly contributing to market growth. More countries and states are revising their regulations to allow the medical use of cannabis, which is expanding market access and increasing patient adoption. As legal barriers continue to diminish, the market is witnessing a surge in investments from pharmaceutical companies and increased availability of medical marijuana products.

Another crucial factor is the rising prevalence of chronic diseases and mental health disorders. With an aging global population and increasing incidence of conditions such as cancer, neurological disorders, and chronic pain, there is a growing demand for effective treatment options. Medical marijuana is emerging as a promising alternative to traditional treatments, further driving market expansion.

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Technological and Research Advancements

Technological advancements in cultivation and extraction processes are also playing a significant role in market growth. Innovations in growing techniques, such as indoor and hydroponic farming, have improved the quality and yield of medical marijuana. Furthermore, advancements in extraction methods have led to the development of more potent and targeted medical marijuana products, enhancing their therapeutic efficacy.

Research into the medicinal properties of different cannabinoids and terpenes is continuously expanding, leading to the development of novel formulations and treatment options. This ongoing research is expected to contribute to the market’s growth by providing new and more effective medical marijuana products.

Regional Insights

The medical marijuana market is experiencing varied growth across different regions. North America, particularly the United States and Canada, is a leading market due to the progressive legalization and high adoption rates of medical marijuana. In the U.S., a growing number of states are legalizing medical marijuana, and there is increasing acceptance among healthcare professionals and patients.

The European market is also expanding, driven by regulatory changes and increasing awareness of the medical benefits of cannabis. Countries such as Germany, the Netherlands, and the United Kingdom are at the forefront of this growth, with ongoing efforts to standardize and regulate medical cannabis use.

Emerging markets in Latin America and Asia-Pacific are expected to witness significant growth as legal frameworks evolve and medical marijuana becomes more widely accepted. Increasing investments in healthcare infrastructure and research in these regions are likely to drive market expansion further.

Future Outlook

As the medical marijuana market continues to evolve, it is poised for remarkable growth. With a projected valuation of USD 98.47 billion by 2032, driven by advancements in research, changing legal landscapes, and increasing patient demand, the market is set to become a major segment within the global healthcare industry. The continued focus on research and development, coupled with favorable regulatory changes, will likely sustain this growth trajectory and transform the future of medical treatment.

In summary, the medical marijuana market is on a robust growth path, with an anticipated CAGR of 21.81% over the forecast period. From its 2023 valuation of USD 16.68 billion, the market is set to reach USD 98.47 billion by 2032, reflecting a significant shift in the acceptance and use of medical cannabis worldwide.

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Revolutionizing Agriculture: Exploring Hydroponics in Canada

The Rise of Hydroponics in Canada

Canada’s agricultural sector has traditionally been limited by its climate, with most regions experiencing long, harsh winters and short growing seasons. This has historically forced Canadians to rely on imported fruits and vegetables, particularly during the colder months. However, with the advent of hydroponics, these challenges are being addressed in an innovative and eco-friendly manner.

Hydroponics involves growing plants in a controlled environment, where their roots are submerged in nutrient-rich water instead of soil. This method allows for precise control over the growing conditions, including temperature, light, and humidity, which are essential for optimal plant growth. It also eliminates the risk of soil-borne diseases and pests, ensuring healthier and more productive plants.

Benefits of Hydroponics for Canadian Agriculture

One of the most significant advantages of hydroponics is its ability to produce fresh, high-quality produce year-round, regardless of the weather conditions. In Canada, hydroponic canada where winter temperatures can drop well below freezing, this is a game-changer. Hydroponic systems can be set up indoors, in greenhouses, or even in urban settings, allowing for local production of fruits, vegetables, and herbs.

Moreover, hydroponics uses significantly less water than traditional farming methods. In a country where water conservation is becoming increasingly important, this is a crucial benefit. The closed-loop systems used in hydroponic farming recirculate water, reducing waste and minimizing the environmental impact. This makes hydroponics a sustainable and eco-friendly option for Canadian farmers and gardeners alike.

Hydroponic farming also requires less space than traditional agriculture, making it ideal for urban areas where land is scarce and expensive. Vertical farming, a popular hydroponic method, maximizes space by growing plants in stacked layers. This is particularly beneficial in cities like Toronto and Vancouver, where the demand for locally grown produce is high.

Economic Opportunities and Challenges

The hydroponics industry in Canada is growing rapidly, hydroponic garden with new businesses and startups emerging across the country. This growth is creating jobs and stimulating economic development, particularly in rural areas where traditional farming may no longer be viable. Additionally, the demand for locally grown, organic produce is driving the expansion of hydroponic farms.

However, the hydroponics industry in Canada also faces several challenges. The initial setup costs for hydroponic systems can be high, particularly for large-scale operations. This can be a barrier for small farmers and entrepreneurs looking to enter the market. Additionally, the technology and expertise required to operate a hydroponic farm can be complex, necessitating specialized knowledge and training.

Despite these challenges, the future of hydroponics in Canada looks bright. With advances in technology and increasing awareness of the benefits of sustainable farming practices, hydroponics is poised to play a significant role in the country’s agricultural future.

[shubhampawrainfinium]

"AR in Agriculture: Enhancing Efficiency or Just Overcomplicating Simple Tasks?"

As the market is still in its nascent stage, its growth is primarily driven by the increasing global demand for food, the rising population, the trend of digitalization in both industry (Industry 4.0) and agriculture (Agriculture 4.0), the need for simulated training, and the importance of precise field monitoring.

Digital technology has increasingly influenced various industries in recent years, and agriculture is no exception. Augmented Reality has emerged as a transformative force within the agricultural sector, offering innovative solutions that enhance productivity, efficiency, and sustainability.

Key Applications of Augmented Reality in Agriculture

Precision Farming: AR enables farmers to visualize and analyze critical data such as soil conditions, crop health, and weather patterns in real-time. This facilitates informed decision-making related to planting, irrigation, and harvesting, which leads to increased crop yields and optimized resource usage.

Training and Education: AR technology offers immersive training experiences, providing farmers with step-by-step guidance on equipment operation, crop management, and pest control. This contributes to skill development and better knowledge retention among agricultural professionals.

Remote Assistance: Farmers can receive virtual assistance from remote experts through AR-powered devices such as smart glasses or mobile phones. This helps in quick issue resolution, reducing downtime and improving overall farm productivity.

Crop Monitoring and Management: AR applications assist in monitoring crop health by overlaying real-time data on the condition of plants. This allows for early identification of diseases, pests, and nutrient deficiencies, enabling timely intervention and preventing potential yield losses.

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Benefits of Augmented Reality in Agriculture

Increased Efficiency: AR streamlines farm operations by providing timely information, reducing the need for manual tasks, and optimizing the use of resources.

Improved Decision-Making: Access to real-time data enables farmers to make more informed decisions regarding crop management, resource allocation, and overall farm strategy.

Sustainability: AR-facilitated precision farming practices contribute to sustainable agriculture by minimizing resource wastage, reducing environmental impact, and optimizing input usage.

Enhanced Productivity: AR tools lead to increased productivity through efficient resource management, improved crop management, and reduced operational downtimes.

Understanding Augmented Reality in Agriculture

Augmented Reality involves overlaying digital information onto the physical world, providing users with an enriched and interactive experience. In agriculture, AR integrates digital insights with the physical environment to deliver real-time data, insights, and visualizations to farmers and agricultural professionals. This technology utilizes devices such as smart glasses, smartphones, and tablets to create an immersive and informative environment.

Market Impact

The global shift towards digitization, industrialization, and sustainability has created significant opportunities for companies to invest in advanced technological tools within agriculture. Digitization is particularly evident in precision agriculture, smart farming, artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, with North America and Europe leading the market.

Market Segmentation

By Application:

Indoor Farming

Outdoor Farming

By Solution:

Hardware

Software

Service

By Region:

North America: U.S., Canada, and Mexico

Europe: Germany, France, Netherlands, Italy, and Rest-of-Europe

U.K.

Asia-Pacific: Japan, India, Australia and New Zealand, and Rest-of-Asia-Pacific

China

Rest-of-the-World: South America, Middle East, and Africa

Recent Developments in the Global Augmented Reality in Agriculture Market

June 2022: Rams Creative Technologies Pvt. Ltd. announced a new partnership with Microsoft’s Mixed Reality Program (MRPP), a program designed by Microsoft for companies involved in designing, developing, and deploying mixed reality and augmented reality solutions for enterprises.

January 2022: Augmenta and Arva Intelligence entered into a partnership to promote affordable farm-ready automation, environmental enhancement, and carbon offsetting.

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Market Drivers and Challenges

Drivers:

Digitization driving the next agricultural revolution (Agriculture 4.0)

AR as a tool for precise field monitoring

Growing demand for spatial computing applications

Challenges:

Lack of awareness

Limited research and development (R&D) and agricultural use-cases for AR

Conclusion

Augmented Reality is ushering in a new era of smart and sustainable farming practices in agriculture. By providing real-time data, enhancing decision-making, and optimizing resource use, AR is becoming an invaluable tool for farmers to meet the challenges of modern agriculture. As the market continues to develop, the integration of technology and agriculture is set to revolutionize food production and the management of agricultural resources.

[futuristicpaintercat]

Medicinal Cannabis Market Driving Growth Owing to Increased Legalization

Medicinal cannabis, also known as medical marijuana, refers to using the whole unprocessed marijuana plant or its basic extracts to treat symptoms of illnesses and other conditions. It is most commonly used to treat chronic pain, muscle spasms, nausea caused by chemotherapy, neurological disorders, epilepsy, and mental disorders such as depression, anxiety and post-traumatic stress disorder. The legalization of medicinal cannabis across various countries is fueling its demand as an alternative to prescribed medication to treat medical ailments.

The Global Medicinal Cannabis Market is estimated to be valued at US$ 14589.08 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Medicinal Cannabis Market are Deere & Company, AGCO Corporation, Agribotix LLC, Agrobot and Blue River Technology. These players are focusing on introducing advanced technologies for cultivation and production of cannabis to meet the growing demand. The key opportunities in the market include expanding product portfolio, strategic partnerships, and increasing geographical presence. Various countries are legalizing cannabis for medical use which is creating new opportunities for market players. Technological advancements such as controlled environment agriculture, artificial intelligence, indoor farming, and analytics are enabling efficient cultivation of cannabis. Smart greenhouses with sensors and robotic equipment are helping increase yield while reducing production costs. Market Drivers Increased legalization of medicinal cannabis across major countries is a key driver boosting the market growth. Countries like Canada, Germany, Italy, Australia, Chile, Colombia, and several U.S. states have legalized medical cannabis over the past decade. This has expanded access to patients and increased production. Growing acceptance of cannabis in treating health issues is further fueling the demand. Rising investments in development of advanced cannabis varieties through plant breeding is also propelling the market.

Current Challenges in Medicinal Cannabis Market The Medicinal Cannabis Market Demand is still evolving with various challenges. One major challenge is the variable legality and regulations across different geographies. While many countries and states have legalized medical cannabis, it is still considered as an illegal drug in others. This regulatory uncertainty poses difficulty for businesses to expand globally and gain acceptance. Another challenge is the limited number of high-quality clinical studies to prove the medical efficacy and advantages of various cannabis-based medicines. More extensive research is still needed to understand the potential of cannabis-based therapeutics better. On the production front, developing standardized cultivation and manufacturing practices is challenging due to the complexity involved. This impacts the consistency and quality of medical cannabis products. Lastly, with medical cannabis being a new category, its acceptance among medical professionals and patients is still a work in progress which requires more awareness and advocacy.

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[rupalic]

Exploring the Lucrative Indoor Farming Technology Market

Indoor farming technology encompasses a range of innovative methods and tools designed to facilitate the cultivation of crops in controlled indoor environments. This approach is gaining popularity due to its potential to address challenges such as limited arable land, water scarcity, and climate variability.

The indoor farming technology market size is expected to grow at a compound annual growth rate (CAGR) of 9.7% in terms of value, from USD 20.3 billion by 2023 to USD 32.3 billion by 2028.

North America is expected to increase its market share in the indoor farming technology market during the forecast period.

North America is expected to increase its market share in the market for indoor farming technology and is projected to grow at the 2nd highest CAGR from 2023 to 2028. Because of the increasing rise of greenhouses and vertical farms in the United States and Canada, North America is one of the greatest indoor farming technology marketplaces. This agricultural concept, which is supported by the US government, has been promoted by cultivators. Hydroponic gardening techniques and technology are becoming increasingly popular in cities to help grocery stores produce fresh veggies. The years 2021 and 2022 were great for indoor agriculture and vertical farming. Private funding resulted in over USD 1.6 billion in investments in the United States, M&A activity increased, and several indoor farms went public. Following a decline in investments due to the epidemic in 2020, investments have now rebounded to higher levels than before.

Key components and technologies associated with indoor farming:

LED Lighting Systems:Advanced LED (Light Emitting Diode) lighting is crucial for providing the right spectrum of light for photosynthesis in plants. These systems are energy-efficient and allow growers to customize light conditions for specific crops.

Hydroponics and Aeroponics:Hydroponic systems involve growing plants in nutrient-rich water without soil, while aeroponics involves suspending plant roots in a misty environment. Both methods provide precise control over nutrient delivery and optimize resource utilization.

Vertical Farming:Vertical farming involves stacking crops in layers or vertically inclined surfaces. This maximizes space utilization and allows for higher crop yields in smaller areas. Vertical farms often integrate controlled environmental conditions.

Automation and Robotics:Automation and robotics play a significant role in indoor farming, assisting in tasks such as seeding, planting, harvesting, and even monitoring environmental parameters. This leads to increased efficiency and reduced labor costs.

Climate Control Systems:Indoor farms use sophisticated climate control systems to regulate temperature, humidity, and airflow. These systems create an optimal environment for plant growth, regardless of external weather conditions.

IoT (Internet of Things) and Sensors:IoT devices and sensors are employed to monitor and collect data on various factors such as temperature, humidity, nutrient levels, and crop health. This data is then analyzed to make informed decisions and adjustments for optimal crop growth.

Biotechnology and Genetic Engineering:Biotechnological advancements, including genetic engineering, are employed to develop crops with desirable traits such as resistance to pests, diseases, or improved nutritional content.

Artificial Intelligence (AI) and Machine Learning:AI and machine learning algorithms are used to analyze vast amounts of data collected from indoor farms. This helps in predicting optimal cultivation conditions, disease detection, and overall farm management.

Container Farming:Containerized farming involves growing crops in repurposed shipping containers. These compact, portable units can be placed in various locations, making them suitable for urban farming and addressing space constraints.

Aquaponics:Aquaponics combines aquaculture (fish farming) with hydroponics. The nutrient-rich water from fish tanks is used to fertilize plants, and the plants help purify the water, creating a symbiotic relationship between fish and plants.

Major players profiled in the indoor farming technology industry:

EVERLIGHT ELECTRONICS CO., LTD (Taiwan)

Heliospectra AB (Sweden)

Argus Control Systems Limited (Canada)

Lumigrow, Inc (Canada)

weisstechnik (US)

LOGIQS.B.V. (Netherlands)

 Illumitex (US)

Market Driver: Rising demand for fresh foods with higher nutritive value

Indoor farming refers to the cultivation of crops or plants of both large and small sizes. Indoor farming is used on a wide scale to supplement local food sources and give consumers nutritious, fresh products. Because this farming method manages plant-fertilizing nutrients, the food generated using this technology is extremely nutritious. Indoor farming allows for the cultivation of a wide range of crops, including leafy vegetables, herbs, vegetables, fruits, micro greens, and flowers. Indoor vertical farming methods produce organic food that is free of agrochemical contamination. As a result, the increasing consumer demand for pesticide and herbicide-free food, as well as the growing need to reduce the carbon footprint of traditional agricultural practices, are driving forces for indoor vertical farming. For example, in 2016, Fujitsu Limited (Japan) established a vertical farming initiative in which lettuce with a low potassium level was cultivated, resulting in exceptionally nutritious lettuce with no unpleasant taste for people with kidney disease.

Key Questions Addressed by the Report:

How big is the indoor farming technology market?

What are the drivers and opportunities for the Indoor farming technology market?

Which region is expected to hold the highest market share?

What is the most profitable crop for indoor farming?

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Indoor Farming Market Outlook for Forecast Period (2023 to 2030)

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.

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Leading players involved in the Indoor Farming Market include:

Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players. 

The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Indoor Farming Market:

By Growing System

Alumina

Titanite

Zirconia

Silicon Carbide

Aluminum Nitride

Silicon Nitride

Other

By Facility Type

Monolithic Ceramics

Ceramic Matrix Composites

Ceramic Coating

By Crop Type

Electrical and Electronics

Transportation (Aerospace & Automotive)

Medical Industrial Defense

Security Chemical

Other

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons for Acquiring this Report:

1. Strategic Decision-Making for Government Leaders and Politicians:

Gain insights into the global Indoor Farming Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.

2. Informed Decision-Making for Professionals and Product Developers:

Access a detailed breakdown of the Indoor Farming Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

3. Strategic Planning for Sales Managers and Market Stakeholders:

Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

4. Comprehensive Understanding for Executives:

Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Indoor Farming Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Indoor Farming Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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Canada Horticulture Market Outlook, Demand, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Canada horticulture market size at USD 1.78 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Canada horticulture market size is to grow at a CAGR of 10.02% reaching a value of USD 3.17 billion by 2029. Growing consumer knowledge of environmental and health issues is one of the main drivers propelling the expansion of the Canadian horticulture business. This awareness is also driving consumers to want more locally grown and organic products. As a result, urban farming, community-supported agriculture (CSA), and farmers' markets have increased. Also, environmentally friendly and sustainable practices are gaining popularity, with a focus on integrated pest management, effective irrigation methods, and water saving. There is a rise in vertical farming and indoor gardening, which take advantage of cutting-edge technology like hydroponics and aquaponics. As Canadians invest more in enhancing the beauty of their homes and outdoor areas, the market is shifting in favor of ornamental plants and landscaping services.

Canada Horticulture Market – Overview

Horticulture is the branch of agriculture that focuses on the cultivation, management, and study of plants, primarily those used for ornamental purposes, food production, and landscaping. It encompasses a wide range of activities, including growing fruits, vegetables, flowers, and herbs, as well as the maintenance of gardens, parks, and nurseries. Horticulture combines scientific knowledge and techniques with practical skills to maximize plant growth, improve crop yields, and enhance the aesthetic appeal of outdoor spaces. It involves various practices, such as plant propagation, pest control, soil management, and irrigation. Horticulture plays a vital role in providing food security, preserving biodiversity, and creating visually appealing landscapes for human enjoyment.

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Impact of COVID-19 on Canada Horticulture Market

The COVID-19 pandemic significantly impacted the Canada horticulture market. As the virus spread and restrictions were imposed, the horticulture industry faced numerous challenges. Lockdowns and social distancing measures disrupted the supply chain, leading to labor shortages and difficulty in sourcing inputs. Retail sales were also affected as garden centers and nurseries faced temporary closures or reduced operations. However, there was an increased interest in home gardening and plant cultivation as people spent more time indoors. Online sales and direct-to-consumer models gained prominence. The horticulture market witnessed a shift in consumer preferences towards sustainable and locally sourced products. Despite the challenges, the industry demonstrated resilience and adapted to the evolving market conditions.

Canada Horticulture Market – By Propagation

By propagation, Canada horticulture market is divided into Seed, Vegetative, Layering & Cutting, Grafting, and Breeding segments. The seed segment dominates the market share. This segment involves the production and distribution of plants through the use of seeds. It encompasses activities such as seed collection, processing, and sales. The seed segment is crucial in horticulture as it serves as the foundation for plant growth and development. It allows for the cultivation of a wide variety of plants, including fruits, vegetables, and ornamental plants. Due to the diverse agricultural practices and consumer demand for different plant species, the seed segment holds significant importance and contributes significantly to the overall horticulture industry in Canada.

Competitive Landscape

Canada horticulture market is fiercely competitive. Major companies in the market include Sunrite Greenhouses Ltd, Mucci Farms, NatureFresh Farms, Mastronardi Produce Ltd, Village Farms International Inc., Windset Farms, Red Sun Farms, BC Hot House Foods Inc., Quebec Hothouse, and Greenhouse Vegetable Growers (GVG). These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Canada horticulture market.

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Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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What is the Expected Future Outlook for the Overall Global UV LED Market Across the globe?

The Global UV LED market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022P-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global UV LED market is driven by factors such as increasing adoption of smart home devices across countries. The growing trend of horticulture and indoor farming in developing countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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Increasing government energy-saving policies, and strategies are one of the major factors propelling UV LED market growth.

For instance, in August 2022, the U.S. Department of Energy, an executive department of the U.S. federal government, released two reports focused on better understanding the current state and viability of commercial ultraviolet (UV) LED products. First, initial UV LED standards and distinctions with white LEDs, followed by an operating lifetime study of UV LED products.

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With the increasing innovation and technology, the Global UV LED market is changing rapidly. For instance, In May 2022, Fujifilm, a Japanese photography company, launched the Active Hybrid LED UV retrofit system, to be installed on new presses or retrofitted to existing equipment by label and packaging converters. In addition, the system combines high-power, low-heat LED UV curing technologies with Fujifilm's ink expertise to strengthen label production on narrow web presses. Furthermore, in April 2022, Intertronics, a UK-based distribution company, launched its new range of LED UV curing flood lamps, namely the 'DymaxBlueWave FX-1250 LED UV Curing Flood Lamp,' which can cure LED matched UV curable adhesives, coatings, and inks with high uniformity, irradiances UV light.

The Global UV LED Market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factors contributing to the expansion of UV LEDs is increasing prevalence of water-borne diseases across countries, along with the Increasing government energy-saving policies, and strategies. Though the market is highly competitive with around ~500 participants, few country-niche players control the dominant share and regional players also hold a significant share.

By Product Type

UV-A

UV-B

UV-C

By Application

Light/UV Curing

Medical Field

Disinfection/Purification

Counterfeit Detection

By End User

Healthcare

Residential

Industrial

Commercial

By Geography

North America

S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea Rest of Asia Pacific

LAMEA

Latin America

Middle East

Africa

Key Players

Koninklijke Philips N.V.

Nichia Corporation

Nordson Corporation

Phoseon Technology

SemiLEDs Corporation

Seoul Semiconductor Co. Ltd.

Crystal IS, Inc.

Lumileds Holding B.V.

G Electronics

Sensor Electronics Technology

For more information on the research report, refer to the below link:

Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Indoor Farming Technology Market to See Booming Growth | General Hydroponics, LumiGrow, Richel Group, agrilution

Advance Market Analytics published a new research publication on “Global Indoor Farming Technology Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Indoor Farming Technology market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Philips Lighting (Netherlands), Argus Controls Systems (Canada), LumiGrow (United States) , Netafim (Israel), General Hydroponics (United States) , Logiqs (Netherlands) , Illumitex (United States), EVERLIGHT Electronics (Taiwan) , Richel Group (France) , Vertical Farm Systems (Australia), Hydrodynamics International (United States), agrilution (Germany)

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Scope of the Report of Indoor Farming Technology

Indoor Farming has significantly grown in the recent years, allowing a large amount of fresh and green vegetable produced in city environments, with minimum space and in less water utilization than conventional farming techniques. Indoor Farming refers to method of growing crops or plants, usually on a large scale, indoor. A wide variety of fruits, vegetables and herbs are grown. It is may be practiced in both on a small scale and large scale.

The Global Indoor Farming Technology Market segments and Market Data Break Down are illuminated below:

by Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture (DWC) Systems), Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others (cannabis and cannabis)), Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Component (Hardware, Software & Services)

Market Opportunities:

Production of Biopharmaceutical Product

Development of Innovative and Cost-Effective Technologies

Market Drivers:

Rise in Requirement for higher Yield with limited Water and Space

Surging Demand for Fresh Food with High Nutritious Value

Minute Impact of Fluctuating Climatic Condition

Market Trend:

Development of Innovative and Cost Effective Technologies

What can be explored with the Indoor Farming Technology Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Indoor Farming Technology Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Indoor Farming Technology

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Indoor Farming Technology Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/37243-global-indoor-farming-technology-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Indoor Farming Technology Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Indoor Farming Technology market

Chapter 2: Exclusive Summary – the basic information of the Indoor Farming Technology Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Indoor Farming Technology

Chapter 4: Presenting the Indoor Farming Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Indoor Farming Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Indoor Farming Technology Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=37243#utm_source=DigitalJournalVinay

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Craig Francis (PR & Marketing Manager)

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New Jersey USA – 08837

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Few Uses of Purchasing a Hardwood Repair Kit

One of the most popular commercial business ideas of the time, cannabis cultivation is a modern concept. With the new technologies and architectural designs, growing marijuana in a legalized environment is easy now. Grow rooms are indoor facilities where marijuana is grown under critical supervision. With the help of various factors, the growth of the crop is observed. 

We have some tips that will come in handy while you are planning the construction of the grow room. Hire a good grow room building service in Canada to improvise your plans by considering these architectural tips:

●    Install A Reliable Power System:

The one thing that should always be present in a grow room is power. No matter the time, day or night, to manage temperature and humidity, you need the power on. This means that the installed machinery and equipment should have backup energy options in case of a power outage, such as a blackout. 

This is the one main advice given by grow room building services in Canada. Always keep a backup generator installed and connected to the main machinery. HVAC, Humidifiers, and temperature-controlling machinery are a few of them. Make sure that the wires are not in the way so as not to cause any disturbance to the experts working on site.

●    Lighting Is Efficient:

Since the grow rooms consist of stack-on-stack or side-by-side farming, installing lighting in between lanes won’t be a good idea. So, go and invest in ceilinged light fixtures and get the amount accurate. Because of the absence of natural light for growing marijuana, you will need lots of artificial light. Thus, do not be scarce in this particular sector and get good lighting covered for the grow room. 

Have a chat with your grow room consultant in Canada regarding the right ways to place the light fixtures to save space and get effective results.

●    Effective Drainage System:

Make sure that the water used during irrigation is being drained safely and securely. Since the growth is fully customized under indoor facilities, drainage can be difficult. Thus, get the best options installed in the market. Ask your grow room consultant in Canada for a reliable drainage system to clean the surroundings. This will keep the workers from getting injured by slipping on tiles. Place a plan to check the drainage system regularly for any blockage from time to time.

●    Vertical Farming System:

No matter the size of your grow room, you can grow a good amount of crops at a time. This is possible by placing a vertical farming system in architectural plans. Hire an experienced grow room building services in Canada that will help you with multi-usage options, saving time and money. They will also lend their resources so that every blueprint, design plan, and construction is completed without a hitch. Take advantage of the overhead spaces that are easily wasted when the design plan is horizontally focused. 

You can create a good design for a grow room by keeping these architectural tips in mind. Focus on utilizing the best aspects of cannabis cultivation in a small space and time.

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Landscape of the Worldwide Indoor Farming Technologies Market Outlook: Ken Research Buy Now The Indoor farming is an approach of increasing the crops frequently on a great scale, wholly indoors.

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Hydroponics Market - Forecast (2022 - 2027)

Hydroponics Market Overview:

As per a 2015 study conducted by researchers at the University of Sheffield’s Grantham Centre for Sustainable Futures, 33% of the global arable land has been degraded in the last 40 years.[1] Soil erosion, pollution, traditional methods of ploughing land, and heavy use of fertilizers have led to the rise in non-arable land. Hydroponics is a process of growing a variety of vegetable and fruit plants with the utilization of mineral nutrient solutions in liquid, sand, or gravel while discarding the use of soil, chemical fertilizers, and pesticides. Hydroponics forms part of hydroculture and is a modern, eco-friendly farming and agricultural practice.

The growing population coupled with the decreasing agriculture land has increased the demand for food products. Traditional agricultural methods cannot handle the growing global demand for due to the exponentially increasing population. Water scarcity is another relevant factor associated with traditional farming practices. Thus, hydroponics has started to gradually replace traditional agricultural methods. The global hydroponics market was valued at $293.12m in 2018 and is projected to grow at a healthy compound annual growth rate (CAGR) of 16.45% during the forecast period 2019-2025.

Europe held the prominent share of the global hydroponics market, estimated at 43.56%, in 2018. Extensive utilization of technology for hydroponics adoption has enabled Europe to enjoy a maximum market share. The easy availability of equipment such as LED lights, HVAC systems, submersible pumps, nutrient film technique (NFT), and electrical conductivity meters has favored the growth of the hydroponics market in the region.

Based on crop type, the hydroponics market is segmented into vegetables, fruits, flowers and foliage, herbs, and others. Vegetable hydroponics is used for growing cucumber, tomatoes, potatoes, capsicums, lettuce, coriander, and others. Increasing demand for organic vegetables, water scarcity, and unpredictable climate conditions are some of the prominent aspects escalating the demand for vegetable hydroponics. The vegetable hydroponics application segment is estimated to grow with a healthy CAGR of 13.73% through 2025.

Hydroponics Market Growth Drivers:

·         Higher yield and profit

Traditional agricultural practices involve various procedures and steps to cultivate plants. The yield is more likely influenced by soil nutrients, fertilizers, water, and moreover,  climatic conditions. In hydroponics technique,  plants are grown using mineral nutrient solutions without of the need for soil and chemical fertilizers. Consequently, the yield cannot be hindered by the factors that influence traditional practices.

·         Growing food demand

The global population is increasing drastically, which is subsequently rising the demand for food. In hydroponics farming, the yield rate is very high and plants grow at faster rate as compared to soil plants.

·         Water scarcity

Conventional farming methods utilize a large amount of water till harvesting. Water acts as a threat as the total yield of the crop depends upon the availability of water. In contrast, hydroponics requires very low amount of water for growing plants. Owing to its low water utilization factor, hydroponics is gaining momentum.

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Hydroponics Market Key Players Perspective:

Argus Control Systems Ltd, one of the leading market players, has partnered with Hydrofarm Holdings Group, Inc. This partnership aims to provide sophisticated environmental systems and services for hydroponic production in the U.S. and Canada.

Other key players in the hydroponics market include Agrexco Agricultural Export Company Ltd., Achdut Ltd., Agri-Plas, Inc., Koninklijke Philips NV, American Hydroponics, Anglebase Ltd., Asmir Growing Equipment Co.Ltd, CropKing Inc., and Daesan Precision Co., Ltd.

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Hydroponics Market Trends –

·         Hydroponic Indoor Gardens

The growing trend of building indoor gardens has given a huge boost to the hydroponics market It provides people, primarily in urban areas, to grow organic vegetables with the use of hydroponics technology.

·         LED lights

Plants require light to grow. In hydroponics, the light is provided using LED grow lights. The light spectrum vented by LED lights has been proven to be productive in stimulating the growth of plants.

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Hydroponics Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the hydroponics market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types hydroponics systems, and their specific applications in different areas.

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Hydroponics Market Report: Industry Coverage

The hydroponics market can be fragmented on the basis of type, equipment, crop, and geography. Based on the type, the market can be divided into wick system, water culture, EBB & FLOW, others. By equipment, the market can be segmented into growing chamber, submersible pump, growing LED, and others. By crop, the market can be bifurcated into vegetables, fruits, flowers and foliage, herbs, and others.

The hydroponics market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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North America Vertical Farming Market – Analysis and Forecast (2018 - 2024)

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology that helps in preserving the natural environment that helps in producing the crops to ensure even distribution of crops in densely populated areas. The techniques help in eliminating the excessive expenditure incurred by the commercial grower on a rain-forest system. This technique is also helping the commercial growers to grow the fruits and vegetables that comprise increased demand throughout the year irrespective of any alteration in climate. The crops grown using this technique are helping people to consume fresh and toxin-free produce as the crops are produced with the help of an organic approach.

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Industry Dynamics

Growth Drivers

The increasing adoption of techniques that are conducive for the climate and increasing demand for organic products is the primary factor aiding the growth of the vertical farming market in the region. The demand for organic products in the region is increasing at a rapid pace owing to the nutritional content available in those products. The content of antioxidants is greater in organic products than those available in conservatively produced crops. The use of this technique requires less water than the traditional vertical farms and as the result, it greatly saves the energy requirement for the manufacturers that are contributing towards the enhanced demand for the vertical farming market in the region.

Geography Overview

Geographically, North America is the largest vertical farming market as the people of North America are increasingly demanding organic foods due to increasing awareness for consuming a healthy diet. The people of this region are becoming conservative in their consumption approach and are increasingly consuming healthy food. The region is creating spaces for building building-based vertical farms and it is helping the manufacturers to satisfy the increasing demand of the consumers for food. Moreover, vertical farming is enabling the region to fulfill the required demands of the consumers as commercial growers are developing vertical farms in this region and will continue to do so in the near future.

Competitive Insight

Some of the key players operating in the North American vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms, Indoor Harvest, Sky Vegetables, Sundrop Farms, and Ecopia Farms.

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