#LED Lighting Drivers Market Share

[industrynewsupdates]

Vertical Farming Market Recent Trends and Growth Analysis Report 2024 – 2030

The global vertical farming market size is expected to reach USD USD 24.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.1% from 2023 to 2030. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and the environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 5% in 2019 owing to the increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Detailed Segmentation:

Market Concentration & Characteristics

The vertical farming market growth stage is high. The vertical farming market is witnessing a significant degree of innovation, marked by the adoption of advanced technologies such as sensors and cameras in order to enhance resource efficiency, increase yields, and address challenges such as limited space and environmental constraints. Also, technologies such as hydroponics, aeroponics, LED grow lights, and automation systems are commonly employed to enhance efficiency and crop quality.

Market Dynamics

The growth of the vertical farming market is attributed to factors such as steady population growth, government incentives, limited availability of cultivable land, and the increasing demand for high-quality and fresh food. Moreover, the increasing consumer demand for organic food is positively impacting the growth of the vertical farming market, creating favorable business opportunities. With consumers placing a higher value on organic products, vertical farming is a viable solution to meet this demand.

Component Insights

On the basis of components, vertical farming market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2022. Hardware plays a significant role in maintaining an environment in vertical farming. The segment is further categorized into lighting, hydroponic components, climate control, and sensors. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components.

Growing Mechanism Insights

The Hydroponics segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Hydroponics is a popular growth mechanism due to low installation costs and ease of operations. It is a method of growing plants without soil, where soil is replaced by mineral solution inserted around plant roots. Additionally, the hydroponics method removes the risk of soil organisms causing diseases.

Crop Category Insights

The fruits, vegetables, & herbs segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Increasing cultivation of commonly grown fruits and vegetables in vertical farming is driving segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation. At the same time, vertical farming improves biodiversity as it does not cause land disturbances. As such, vertical farming is in high demand for growing different types of crops. Further, fruits, vegetables, & herbs are segmented into tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, and others. Among which tomatoes segment led the market and accounted for more than 24.23% of global fruits, vegetables, & herbs revenue in 2022. 

Structure Insights

The shipping container segment dominated the market with a share of about 53.32% in 2022 and is expected to remain dominant between 2023 and 2030. This growth is attributed to the ability of structure to help grow crops irrespective of geographic location. One of the primary benefits of container-based farming is that container farms are easy to transport, and one doesn't require a large piece of land or dedicated building to start cultivating.

Regional Insights

In terms of revenue, Europe dominated the vertical farming market in 2022 with a share of approximately 31.7% and is expected to remain dominant between 2023 and 2030. Growing awareness regarding the importance of alternative farming owing to less availability of fertile agricultural land and increasing population in the region is the key factor anticipated to spur the demand.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global synthetic data generation market size was valued at USD 218.4 million in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030. 

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

• Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

• Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Key Vertical Farming Companies:

• AeroFarms (U.S.)

• Illumitex, Inc. (U.S.)

• American Hydroponics (U.S.)

• Agrilution GmbH

• Brightfarms Inc.

• Everlight Electronics Co., Ltd.

• Freight Farms

• GrowUp Urban Farms Ltd.

• Green Sense Farms, LLC

• Vertical Farm Systems.

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

Recent Developments

• In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

• In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

[energy-5]

Shedding Light on LED Lifespan: Key Things You Need to Know

LED lighting has revolutionized the way we illuminate our homes and businesses. Not only do LED lights offer energy efficiency, but they also have a significantly longer lifespan compared to traditional lighting solutions. Understanding the lifespan of LED lights is crucial for consumers who are looking to make informed decisions about their lighting options.

Understanding LED Lifespan Ratings

The lifespan of an LED is typically represented by the number of hours it can operate before its brightness diminishes to 70% of its original output, a point known as L70. On average, LEDs have a lifespan ranging from 25,000 to 50,000 hours, a stark contrast to the 1,000 to 2,000 hours offered by incandescent bulbs. This means that an LED can last anywhere from 3 to 25 years, depending on usage, which is 25 to 50 times longer than incandescent bulbs.

Factors Affecting LED Durability

Several factors influence the longevity of an LED light. Heat management is among the most critical; LEDs that are not adequately cooled can overheat, leading to a quicker decline in light output. Quality of components is also essential; higher-quality LEDs with robust heat sinks and driver electronics are proven to last longer. Manufacturers often provide warranties, which can be a reliable indicator of an LED's lifespan.

Real-World Usage Versus Lab Conditions

It's important to note that while LEDs are tested to last a certain number of hours under lab conditions, real-world factors like voltage fluctuations, frequent switching, and environmental conditions can reduce this figure. For example, an LED that is rated for 50,000 hours may only achieve 30,000 hours in a hot or unstable electrical environment.

LEDs in Different Applications

The application of LED lighting also impacts its lifespan. Residential LEDs that are used for a few hours each evening will last longer than those used in a commercial setting, where lights are on for extended periods. According to a 2022 report from the Department of Energy, LEDs in commercial settings have about a 15% shorter lifespan on average than those in residential applications due to longer usage hours.

Comparing LED Lifespan to Other Technologies

When compared to compact fluorescent lamps (CFLs) and halogen lights, LEDs come out ahead in lifespan. A typical CFL has a lifespan of about 8,000 to 15,000 hours, and a halogen lamp has around 2,000 to 4,000 hours. This significant difference has led to a shift in the market, with LED sales surpassing other technologies significantly. In 2023, market reports indicated that LEDs accounted for approximately 60% of the global lighting market share.

Cost Savings Over Time

The extended lifespan of LEDs translates directly into cost savings for consumers. Despite the higher upfront cost, the long-term operation cost of LEDs is lower. If you consider the fact that you would need to replace an incandescent bulb 25 to 50 times over the lifespan of one LED, the savings become apparent. Energy Star reports that the average household can save about $225 per year on energy bills by fully converting to LED lighting.

End-of-Life and Recycling

Towards the end of its lifespan, an LED's light output decreases, and its color may shift. However, LEDs contain no mercury and are often made with recyclable materials, making them more environmentally friendly at the end of their life than CFLs. Recycling programs for LEDs are becoming more common, with several major cities and companies instituting take-back programs to ensure environmentally safe disposal and recycling.

With their long operational life, durability under various conditions, and significant energy savings, LEDs represent a smart choice for consumers. As technology advances, the efficiency and lifespan of LED lighting are only expected to improve, further solidifying their position as the premier choice in lighting solutions worldwide.

[electronicsnews]

Bright Future: The Growing Market for Connected Streetlights

As cities across the world continue to grow, they are faced with new challenges in terms of managing infrastructure and ensuring the safety and security of their citizens. One area that has seen significant innovation in recent years is the realm of street lighting, which has undergone a transformation with the introduction of connected streetlights.

Connected streetlights are a type of smart streetlight system that utilizes internet of things (IoT) technology to create a network of intelligent and interconnected lighting fixtures. These streetlights are equipped with sensors, cameras, and other advanced technologies that allow them to monitor and respond to changes in their environment in real time.

Connected streetlights Market size was valued at $1.3 billion in 2020 and it is estimated to grow at a CAGR of 14.82% during 2021-2026. The growth is mainly attributed to the high penetration of internet of things (IoT), constant innovation in mobile networks along with wireless technology, increasing demand for efficient advanced lighting solutions across industries and awareness regarding energy conservation. 

One of the key benefits of connected streetlights is their ability to improve public safety. With sensors that can detect motion, sound, and other indicators of potentially dangerous situations, these streetlights can automatically adjust their lighting levels and even alert authorities if necessary. For example, if a group of people are loitering in a poorly lit area, the streetlights can increase their brightness to discourage criminal activity and notify law enforcement of the situation.

Key Takeaways

Hardware held the highest market share in 2020 and is anticipated to witness significant amount of growth, owing to increasing awareness regarding environmental issues and growing adoption of LED streetlights.

Public & Government sector is analysed to witness the fastest growth between 2021-2026. Rising requirement for cost effective, energy efficient lighting technology and smart city project initiatives are the key factors behind the growth.

North America held the major market share in 2020 and is anticipated to witness significant growth during forecast period, owing to the early adoption of this technology, rising investments in smart city projects and the presence of prominent market players.

 Increasing smart city investment and penetration of wireless technology works as a growth driver for this market during 2021-2026.

Connected streetlights Market Landscape

Technology launches, Acquisitions,Collaboration, and R&D activities are key strategies adopted by players in the connected streetlights Industry Outlook. Connected streetlights top 10 companies includes General Electric, Koninklijke Philips N.V, Telensa Holdings Ltd., Echelon Corporation, Osram Licht AG, Signify Holding B.V., Cisco Systems, Inc.,Trilliant holdings Inc., AxiomTek Co., Ltd., Cree Inc. and others.

[latestmarketresearchnews]

Lithium-ion Battery Market 2030 Size Outlook, Growth Insight, Share, Trends

In 2023, the global lithium-ion (Li-ion) battery market was estimated to be worth USD 54.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is largely driven by rising demand for electric vehicles (EVs), supported by the cost-effectiveness and energy efficiency of Li-ion batteries. The automotive sector, in particular, is expected to see significant expansion due to the increasing global registration of EVs, as more consumers seek cleaner and more sustainable transport options. In the United States, the largest North American market for Li-ion batteries in 2023, federal policies and the presence of key industry players are anticipated to drive further product demand. Government policies, such as tax incentives for EV purchases under the American Recovery and Reinvestment Act of 2009, as well as fuel efficiency standards introduced by the Corporate Average Fuel Economy (CAFE) regulations, have accelerated the shift towards electric drive technologies in both passenger cars and light commercial vehicles (LCVs).

In addition to the automotive sector, the demand for Li-ion batteries in consumer electronics is also driving market growth. As consumers seek more durable and energy-efficient devices, lithium-ion batteries are becoming a preferred choice for smartphones, tablets, and other electronics due to their long lifespan and high performance. The demand for EVs is similarly bolstered by growing awareness of carbon emissions and the environmental impact of traditional gasoline-powered vehicles, which motivates consumers to adopt cleaner alternatives. This trend is supported by regulatory pressures on lead-acid batteries due to environmental concerns. Specifically, regulations set by the Environmental Protection Agency (EPA) aim to reduce lead contamination and govern the storage, disposal, and recycling of lead-acid batteries, prompting a shift towards safer Li-ion battery solutions for automotive applications.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Mexico has also emerged as a strategic center for the global automotive industry, attracting investments from companies worldwide due to its large automotive production capacity. As the fourth-largest exporter of vehicles globally, following Germany, Japan, and South Korea, Mexico's automotive production is expected to further stimulate demand for lithium-ion batteries in the region. However, the market faced challenges during the COVID-19 pandemic. Battery providers had to adapt by reducing operational costs due to lower demand and by managing disruptions in the supply of spare parts caused by reduced manufacturing activity and logistical issues. To maintain service quality for clients with long-term contracts, suppliers turned to digital tools and implemented strict health and safety measures, including social distancing and personal protective equipment, to ensure safe on-site maintenance and repair services where necessary.

Application Segmentation Insights:

The Li-ion battery market is categorized into several application segments: automotive, consumer electronics, industrial, medical devices, and energy storage systems. In 2023, the consumer electronics segment led the market, accounting for over 31% of total revenue. Portable lithium-ion batteries are widely used in consumer electronics due to their compact size, high energy density, and rechargeability. They are incorporated into various devices, including mobile phones, laptops, tablets, LED lighting, digital cameras, wristwatches, hearing aids, and other wearable gadgets. This high demand for portable devices has positioned the consumer electronics segment as a dominant sector in the market.

The electric and hybrid EV market is anticipated to be the fastest-growing application segment over the forecast period. Rising fossil fuel prices and increased awareness of the environmental benefits of battery-operated vehicles are expected to drive this growth, especially in emerging markets across Asia-Pacific, Europe, and North America. Moreover, Li-ion batteries are widely utilized for backup power solutions in commercial settings, such as data centers, office buildings, and institutions. In residential applications, Li-ion batteries are becoming popular for energy storage in solar photovoltaic (PV) systems, enhancing the growth potential of the energy storage segment.

Li-ion batteries are also gaining traction in various industrial applications. They are commonly used in power tools, cordless tools, marine equipment, agricultural machinery, industrial automation systems, aviation, military & defense, civil infrastructure, and the oil and gas sector. The versatility of Li-ion batteries, combined with their ability to deliver consistent power across diverse conditions, makes them ideal for these industries. Their use in such a broad range of applications is projected to further boost market demand as industries seek reliable and efficient energy solutions that can support both heavy-duty equipment and everyday electronic devices.

In summary, the lithium-ion battery market is poised for rapid growth across multiple sectors. The automotive and consumer electronics segments, in particular, are driving demand, supported by governmental policies, environmental concerns, and technological advancements. The expansion into applications like energy storage and industrial machinery further underscores the adaptability and efficiency of Li-ion batteries, positioning them as a critical component of future energy solutions across the globe.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

[marketanalysisdata]

3D Printing Market - Recent Industry Developments and Growth Strategies till 2030

In 2023, the global 3D printing market was valued at USD 20.37 billion and is projected to grow significantly, with a compound annual growth rate (CAGR) of 23.5% from 2024 to 2030. This anticipated growth is largely driven by intensive research and development in 3D printing technology and the rising demand for prototyping applications across various industries, particularly healthcare, automotive, and aerospace & defense sectors.

In industrial settings, 3D printing is commonly referred to as additive manufacturing (AM). This process involves the layer-by-layer addition of material to create objects from a 3D model, guided by specialized software and a 3D printer. The choice of 3D printing technology depends on the specific requirements of each application. Once a suitable technology is chosen, the process is implemented across various industry sectors based on specific needs.

Gather more insights about the market drivers, restrains and growth of the 3D Printing Market

The deployment of 3D printing technology includes services such as installation, consulting, and customer support. It also involves addressing issues related to intellectual property, licensing, and patents. By leveraging 3D printing, manufacturers benefit in several ways, including enhanced prototyping, structural design, product modeling, and reduced time to market. These advantages result in considerable cost savings for manufacturers, allowing them to deliver improved products at competitive prices. Consequently, the demand for 3D printers is expected to grow over the forecast period.

Despite these advantages, certain challenges exist that may slow the adoption of additive manufacturing, particularly among small and medium-sized manufacturers. Many of these businesses hold misconceptions about the prototyping process, seeing it as an expensive pre-manufacturing phase rather than as a valuable investment. This perception, along with limited technical knowledge and a lack of standardized process controls, is expected to hinder market expansion.

Technology Segmentation Insights:

In terms of technology, the stereolithography segment led the 3D printing market in 2023, holding over 10% of the global revenue share. The market segmentation by technology includes stereolithography, fused deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet, polyjet, laser metal deposition, electron beam melting (EBM), digital light processing (DLP), laminated object manufacturing, and others.

Stereolithography, one of the oldest 3D printing technologies, remains widely used due to its ease of operation and numerous advantages. However, continuous technological advancements and intensive research efforts are creating new opportunities for other reliable and efficient technologies in the market.

Fused Deposition Modeling (FDM) held a significant market share in 2023, largely because of its widespread adoption in various 3D printing applications. Digital Light Processing (DLP), Electron Beam Melting (EBM), inkjet printing, and Direct Metal Laser Sintering (DMLS) technologies are also expected to gain traction over the forecast period due to their applicability in specialized additive manufacturing processes. The increasing demand across aerospace and defense, healthcare, and automotive sectors is expected to create growth opportunities for these technologies as they support diverse and specialized applications in these industries.

Order a free sample PDF of the 3D Printing Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

3D Printing Market Size & Forecast Report, 2030

In 2023, the global 3D printing market was valued at USD 20.37 billion and is projected to grow significantly, with a compound annual growth rate (CAGR) of 23.5% from 2024 to 2030. This anticipated growth is largely driven by intensive research and development in 3D printing technology and the rising demand for prototyping applications across various industries, particularly healthcare, automotive, and aerospace & defense sectors.

In industrial settings, 3D printing is commonly referred to as additive manufacturing (AM). This process involves the layer-by-layer addition of material to create objects from a 3D model, guided by specialized software and a 3D printer. The choice of 3D printing technology depends on the specific requirements of each application. Once a suitable technology is chosen, the process is implemented across various industry sectors based on specific needs.

Gather more insights about the market drivers, restrains and growth of the 3D Printing Market

The deployment of 3D printing technology includes services such as installation, consulting, and customer support. It also involves addressing issues related to intellectual property, licensing, and patents. By leveraging 3D printing, manufacturers benefit in several ways, including enhanced prototyping, structural design, product modeling, and reduced time to market. These advantages result in considerable cost savings for manufacturers, allowing them to deliver improved products at competitive prices. Consequently, the demand for 3D printers is expected to grow over the forecast period.

Despite these advantages, certain challenges exist that may slow the adoption of additive manufacturing, particularly among small and medium-sized manufacturers. Many of these businesses hold misconceptions about the prototyping process, seeing it as an expensive pre-manufacturing phase rather than as a valuable investment. This perception, along with limited technical knowledge and a lack of standardized process controls, is expected to hinder market expansion.

Technology Segmentation Insights:

In terms of technology, the stereolithography segment led the 3D printing market in 2023, holding over 10% of the global revenue share. The market segmentation by technology includes stereolithography, fused deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet, polyjet, laser metal deposition, electron beam melting (EBM), digital light processing (DLP), laminated object manufacturing, and others.

Stereolithography, one of the oldest 3D printing technologies, remains widely used due to its ease of operation and numerous advantages. However, continuous technological advancements and intensive research efforts are creating new opportunities for other reliable and efficient technologies in the market.

Fused Deposition Modeling (FDM) held a significant market share in 2023, largely because of its widespread adoption in various 3D printing applications. Digital Light Processing (DLP), Electron Beam Melting (EBM), inkjet printing, and Direct Metal Laser Sintering (DMLS) technologies are also expected to gain traction over the forecast period due to their applicability in specialized additive manufacturing processes. The increasing demand across aerospace and defense, healthcare, and automotive sectors is expected to create growth opportunities for these technologies as they support diverse and specialized applications in these industries.

Order a free sample PDF of the 3D Printing Market Intelligence Study, published by Grand View Research.

[health-views-updates]

Smart Fertility Tracker Market 2024 Share, Trend and Segmentation Forecast 2032

In a recent comprehensive report, SNS Insider sheds light on the dynamic growth of the global Smart Fertility Tracker Market Revenue. The report, which provides an in-depth analysis of the market trends, growth factors, and future projections, reveals the expanding market for smart fertility tracking devices and applications. As consumers become more health-conscious and seek effective solutions to monitor reproductive health, this market is projected to experience robust growth across various regions, driven by advancements in digital health technologies and a rising awareness of reproductive wellness.

The growing adoption of wearable health tech and smartphone-integrated fertility tracking applications is a significant contributor to the market’s expansion. Fertility trackers, which utilize sophisticated algorithms and real-time monitoring capabilities, have transformed personal health management, offering users insights into menstrual cycles, ovulation patterns, and other reproductive health indicators. As consumers increasingly demand more control over their health data and the convenience of self-monitoring, these devices and applications are rapidly becoming an essential part of reproductive health management worldwide.

Market analysts forecast substantial growth in the coming years, fueled by innovation and investments in artificial intelligence (AI), machine learning, and data analytics within fertility tracking systems. Additionally, with advancements in non-invasive, wearable technology and smartphone connectivity, smart fertility trackers are becoming more accessible and affordable. This accessibility broadens their appeal to a diverse demographic, including women seeking alternatives to traditional fertility awareness methods.

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Key Market Drivers and Trends

The report highlights several key trends driving the smart fertility tracker market's growth, including increased awareness of reproductive health, the growing demand for non-invasive health monitoring solutions, and the rise of digital health platforms. An expanding base of tech-savvy consumers, along with heightened interest in personalized health data, has led to a surge in demand for these devices. Government and healthcare initiatives promoting reproductive health awareness and preventive care have also encouraged the adoption of fertility trackers.

Smart fertility trackers' ability to provide real-time, personalized insights enables users to make informed decisions, potentially improving health outcomes for individuals and couples planning for pregnancy. The technology also aligns with the larger trend of personalized medicine, as it empowers individuals to take a proactive role in their reproductive health. Meanwhile, healthcare providers can use aggregated data from fertility tracking applications to support broader reproductive health research and policy initiatives.

Regional Insights and Market Outlook

The market report from SNS Insider provides regional insights, indicating significant growth in North America, Europe, and the Asia-Pacific region. North America holds the largest share due to high consumer awareness and the early adoption of digital health technologies. The Asia-Pacific market, on the other hand, is expected to witness rapid growth driven by an expanding population, increasing disposable income, and a growing focus on women’s health and wellness.

Looking forward, the smart fertility tracker market is set to benefit from continuous technological innovations, increasing partnerships between healthcare and tech companies, and a strong consumer preference for proactive health management tools. However, challenges such as data privacy concerns and the need for regulatory oversight in data accuracy and product safety will require ongoing attention as the market matures.

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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[researchreportinsight]

Vertical Farming Market Growth Prospect, Distributor Analysis & Applications Insights 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[trendingrepots]

Light Therapy Market - Forecast(2024 - 2030)

Light Therapy Market Overview

Light therapy involves daily, scheduled exposure to intense levels of artificial light in order to regulate seasonal mood swings, improve sleeping patterns, and produce a general sense of wellbeing. Light therapy causes photo-oxidation; and is, therefore, used as a primary treatment method for neonatal jaundice, eczema, and psoriasis. The light therapy market is segmented into different segments based on light, disease, and geography. The light therapy market is projected to grow at CAGR of 5.1% during the forecast period to reach revenue of $391m by 2023.

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Light Therapy Market Outlook

Light Therapy is increasingly administered and used as a non-pharmacological treatment for a variety of health related problems such as skin problems, obesity, seasonal affective disorder, depression as well as sleep-related and behavioral problems. Fluorescent lamps accounted for 51% of the total market share with respect to sources of light, while LED lights are projected to grow at a CAGR of 6.0% during the forecast period. When regard to diseases, Seasonal Affective Disorder (SAD) contributes to about 21% share of the light therapy market. 

Light Therapy Market Growth Drivers 

The global light therapy market is largely driven by the increased incidences of skin diseases and the growing adoption of therapy. The availability of products through online platforms and growing awareness among end-users about the use of light therapy products to prevent SAD are driving the growth of the global light therapy market. Higher healthcare spending in emerging countries such as China and India are also driving the growth of the light therapy market.

Light Therapy Market Challenges 

Lack of awareness about light therapy and low funds investment by companies in the research field is the key factors restraining the growth of the light therapy market. Some consumers do not opt for light therapy due to the side effects, which is thus hindering market growth.

[strjackst]

Lighting Fixtures Market Size & Share Analysis - Growth Trends By Forecast Period

The Lighting Fixtures Market Report for 2024 provides a comprehensive overview of the Lighting Fixtures market industry, presenting crucial data and insights into market dynamics, including growth drivers, challenges, and future potential. The report evaluates the Lighting Fixtures Components, focusing on significant opportunities and trends that could shape the industry's trajectory. Key stakeholders such as CEOs, global managers, traders, and analysts will find value in the SWOT analysis, which assesses the competitive strengths, vulnerabilities, opportunities, and threats impacting market players.

According to Straits Research, the global Lighting Fixtures Market  size was valued at USD 132.07 billion in 2023. It is projected to reach from USD 137.74 billion in 2024 to USD 192.91 billion by 2032, growing at a CAGR of 4.3% during the forecast period (2024–2032).

Get a Sample PDF/Excel of report starting from USD 995: https://straitsresearch.com/report/lighting-fixtures-market/request-sample

Top Key Players of Lighting Fixtures Market:

Koninklijke Philips N.V.

Cree, Inc.

Eaton Corporation

General Electric

Hubbell Incorporated

Everlight Electronics

NICHIA CORPORATION

OSRAM Licht AG

Acuity Brands

Panasonic Corporation

Regional Analysis for Lighting Fixtures Market:

The regional analysis section of the report offers a thorough examination of the global Lighting Fixtures market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Lighting Fixtures markets in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Lighting Fixtures Market Segmentations:

By Source

Incandescent

Fluorescent

LED and OLED

By Product

Ceiling

Pendant and Chandeliers

Wall Mounted

Portable

Others

By Distribution Channel

Online

Offline

By Applications

Residential

Commercial

Get Detail Market Segmentation: https://straitsresearch.com/report/lighting-fixtures-market/segmentation

Top Reasons to Choose This Report

Access to Comprehensive Insights: Gain access to extensive analysis, research, and data that are often challenging to gather independently. This report provides valuable information, saving you significant time and effort.

Support for Informed Decisions: Enhance your decision-making process with in-depth insights into market trends, consumer behavior, and key industry factors. This report is essential for strategic planning, including investments, product development, and marketing strategies.

Gain a Competitive Edge: Stay competitive by understanding market dynamics and competitor strategies. The report provides detailed insights into competitor performance and market trends, helping you craft effective business strategies.

Cost-Effective Research Solution: Save on research costs by investing in this report, which offers a detailed and comprehensive analysis of the market. This cost-effective option eliminates the need for extensive independent research.

COVID-19 Aftermath and Geopolitical Influences: Russia-Ukraine Conflict and Middle East Crisis

The report explores the multifaceted impact of COVID-19 on the Lighting Fixtures market, covering both direct and indirect effects across global and local levels. It discusses market size, trends, and growth trajectories in the Lighting Fixtures, classified by type, application, and customer sector. Additionally, it provides a detailed evaluation of market development components before and after the pandemic, supported by a PESTEL analysis to assess key influencers and barriers to market entry. We offer the flexibility to customize the report based on specific regions, applications, or any other statistical details. Our goal is to align our analysis with your specific needs, ensuring a more complete market study. The final report will also examine the impact of the Russia-Ukraine War on the Lighting Fixtures market, assessing how these geopolitical events are influencing current market conditions and future opportunities.

This Report is available for purchase at: https://straitsresearch.com/buy-now/lighting-fixtures-market

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[industrynewsupdates]

Smart Glass Market: Unlocking the Potential of High-Tech, Energy-Efficient Glass Solutions

The global smart glass market was valued at USD 6.59 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. This significant market growth is largely driven by increasing efforts toward energy conservation, particularly through the rise of green buildings and eco-friendly structures. Smart glass, with its ability to manage energy consumption by controlling light and heat, is increasingly being recognized as a key solution for sustainable building practices. In addition, the favorable regulatory environment—which includes financial incentives and tax benefits for incorporating energy-efficient technologies—further supports the widespread adoption of smart glass solutions. As governments and organizations push for more energy-efficient designs, smart glass is positioned as a transformative technology in the construction and architectural sectors.

The growth of the smart glass market is also supported by recent industry developments, including significant investments in industrial-scale production capacity and advancements in smart glass manufacturing technologies. These developments are expanding the availability of smart glass products at a larger scale, contributing to a more robust supply chain and accelerating adoption across various applications. Additionally, trends in modern architecture, such as the increasing integration of window structures in buildings, expanding glazing areas, and maximizing natural light and external environment interaction, are all driving the demand for innovative smart glass solutions.

Gather more insights about the market drivers, restrains and growth of the Smart Glass Market

Technology Insights

In terms of technology, the electrochromic segment led the market with a significant share of approximately 62.0% in 2022. Electrochromic glass is highly sought after due to its ability to adjust its transparency or opacity in response to an electrical charge, enabling users to control the amount of light and heat passing through the windows. This ability to switch between transparent and opaque states allows electrochromic glass to contribute significantly to energy efficiency in buildings. During the hot summer months, it helps reduce the heat entering the building, thereby minimizing the need for air conditioning. Conversely, in winter, electrochromic glass maximizes the absorption of solar radiation, contributing to passive solar heating and reducing the energy needed to warm the building.

Electrochromic windows also offer increased visual comfort by reducing glare and adjusting light transmission to provide a more comfortable indoor environment, particularly in spaces exposed to excessive external light. This not only makes the indoor space more pleasant but also reduces the reliance on artificial lighting, further driving energy savings.

The suspended particle device (SPD) segment is expected to experience the fastest growth, with a projected CAGR of approximately 11.1% from 2023 to 2030. SPD glass works by using a special layer of particles suspended in a liquid that can align or scatter in response to an electrical charge, effectively controlling the level of light transmission and shading. SPD glass is particularly valued for its high UV resistance and its ability to block around 99.5% of visible light, making it ideal for energy control and shading applications in buildings and vehicles.

One of the key advantages of SPD is its customizable dimming function, which allows users to adjust the level of light entering a space at any time. This feature can be controlled via an automation system or touch panel, offering a high degree of flexibility. SPD also helps eliminate glare, reducing eye strain and providing a more comfortable environment for occupants. For example, Research Frontiers Inc. and Gauzy Ltd. showcased their SPD-Smart light-control technology at the CES 2022 event, highlighting its potential for smart cities. The technology demonstrated at the event emphasized how SPD can be integrated into smart buildings, personal and public vehicles, and mobility solutions to reduce carbon emissions, improve energy efficiency, and even serve multifunctional roles such as entertainment, information display, privacy protection, and shading.

Order a free sample PDF of the Smart Glass Market Intelligence Study, published by Grand View Research.

[savibangar]

The ADAS Market is expected to reach $122.86 billion by 2031, at a CAGR of 14.6% from 2024 to 2031.

Introduction to ADAS

Meticulous Research® has published an insightful report titled “ADAS Market by Type (Blind Spot Detection Systems, Automatic Emergency Braking Systems), Automation (Level 1, 2, and 3), Component (Vision Camera Systems, Sensors), Vehicle, End Use (Passenger, Commercial), and Geography - Global Forecast to 2031.” This report reveals that the Advanced Driver Assistance Systems (ADAS) market is projected to reach a remarkable $122.86 billion by 2031, growing at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.

Download Sample Report  @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377?utm_source=article&utm_medium=Social&utm_campaign=Product&utm_content=01-10-2024

Market Drivers

The growth of the ADAS market is significantly influenced by several key factors. Stringent vehicle safety regulations have been established globally to enhance road safety, driving the demand for advanced safety features in vehicles. Additionally, the rising popularity of luxury cars has led to an increased integration of comfort and safety technologies, further propelling the market. Consumers are increasingly prioritizing features like automatic emergency braking and blind spot detection, which are integral components of ADAS.

However, the lack of supporting infrastructure in developing countries poses a challenge to market growth. Many regions still lack the necessary technology and investment to support the widespread adoption of these systems.

Emerging Opportunities

The ADAS market is also poised to benefit from the emergence of autonomous vehicles and the growing trend of shared mobility. As self-driving technologies advance, they will create new demand for sophisticated ADAS components. Additionally, the rising adoption of electric vehicles (EVs) is expected to generate further growth opportunities, as these vehicles often come equipped with advanced safety and driver assistance features.

Despite these opportunities, the market faces challenges, particularly concerning environmental and data security risks associated with increased connectivity and automation. High implementation costs of ADAS technologies are also a significant barrier for many manufacturers.

Browse in Depth @ https://www.meticulousresearch.com/product/adas-market-5377?utm_source=article&utm_medium=Social&utm_campaign=Product&utm_content=01-10-2024

Market Segmentation

The global ADAS market is segmented based on several criteria:

System Type: This includes adaptive cruise control systems, blind spot detection systems, automatic parking systems, pedestrian detection systems, traffic jam assistance systems, lane departure warning systems, tire pressure monitoring systems, automatic emergency braking systems, adaptive front-lighting systems, traffic sign recognition systems, forward collision warning systems, driver monitoring systems, and night vision systems. Notably, the adaptive cruise control systems segment is expected to hold the largest share of the market in 2024, driven by the need for a comfortable driving experience and supportive government regulations.

Level of Automation: The market is categorized into Level 1, Level 2, and Level 3 automation. Level 1 is expected to dominate the market initially, attributed to rising investments in vehicle electrification and increasing demand for driver assistance technologies. However, Level 3 automation is forecasted to grow the fastest, driven by the rising demand for self-driving capabilities.

Component: The ADAS market includes components such as vision camera systems, sensors, Electronic Control Units (ECUs), software, and actuators. In 2024, sensors are expected to capture the largest market share, with the segment also projected to exhibit the highest growth rate due to increasing environmental concerns and demand for hybrid powertrains.

Vehicle Type: This segmentation includes internal combustion engine (ICE), hybrid, and electric vehicles. While ICE vehicles are anticipated to dominate initially, electric vehicles are expected to register the highest CAGR, fueled by government policies, investments from automotive manufacturers, and advancements in battery technology.

End Use: The ADAS market is divided into passenger vehicles and commercial vehicles. The passenger vehicle segment is projected to hold a larger share due to growing awareness of greenhouse gas emissions and the demand for premium features. However, the commercial vehicle segment is expected to grow rapidly, driven by rising fuel costs and stricter emission norms.

Geography: The ADAS market is further analyzed by regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share in 2024, thanks to the robust automotive manufacturing sector in countries like China, Japan, and India, coupled with supportive government initiatives. Meanwhile, Europe is projected to exhibit the highest CAGR, bolstered by the presence of numerous component manufacturers and high demand for automated vehicle technologies.

Request for Customization Report @ https://www.meticulousresearch.com/request-customization/cp_id=5377?utm_source=article&utm_medium=Social&utm_campaign=Product&utm_content=01-10-2024

Key Players in the Market

The report identifies several key players in the global ADAS market, including Continental AG (Germany), Valeo SA (France), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Aptiv PLC (Ireland), Autoliv, Inc. (Sweden), Denso Corporation (Japan), and Mobileye B.V. (Israel). These companies are actively investing in research and development to enhance their technologies and maintain competitive advantages in the rapidly evolving market landscape.

Conclusion

In conclusion, the ADAS market is set for significant growth over the coming years, driven by safety regulations, consumer demand for advanced features, and technological advancements in automation and electric vehicles. While challenges such as infrastructure limitations and high implementation costs exist, the opportunities presented by autonomous vehicles and the rising adoption of EVs will continue to shape the future of this dynamic market.

Download Sample Report  @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377?utm_source=article&utm_medium=Social&utm_campaign=Product&utm_content=01-10-2024

Related Research Reports:

1.Green Hydrogen Market: https://www.meticulousresearch.com/download-sample-report/cp_id=5580

2.North America Electric Scooter Market  >> https://www.meticulousresearch.com/product/north-america-electric-scooter-market-5245

3.ADAS Market >> https://www.meticulousresearch.com/product/adas-market-5377

4.Electric Vehicle Charging Stations Market  >> https://www.meticulousresearch.com/product/electric-vehicle-charging-stations-market-5078

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Asia-Pacific Electric Scooter Market> > https://www.meticulousresearch.com/product/asia-pacific-electric-scooter-market-5242

[surbhijamdade]

Global Commercial Lighting Market Overview : Size, Share, and Future Trends Forecast

Latest Research Report on “Commercial Lighting Market” | Survey with Valuable Insights

The 2024 market research report for Commercial Lighting Market offers a comprehensive analysis of the industry, covering key aspects such as trends, opportunities, risks, and drivers. It provides a detailed evaluation of the market's revenue, size, and volume, while also assessing the product portfolios, capacities, and revenues of leading companies. Additionally, the report delves into various industry segments.

According to Straits Research, the global Commercial Lighting Market market size was valued at USD 11.46 Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 64.67 Billion by 2031, growing at a CAGR of 5.87% during the forecast period (2023–2031). 

Get a sample PDF of the report at https://straitsresearch.com/report/commercial-lighting-market/request-sample

TOP Key Industry Players of the Commercial Lighting Market

Signify NV (Philips Lighting)

WAC Lighting

Cree Lighting (IDEAL INDUSTRIES INC)

Siteco GmbH

Wipro Lighting Limited

Acuity Brands Inc.

Hubbell Incorporated

Zumtobel Group AG

ABB

Honeywell LED Lighting

Commercial Lighting Market Segmental Analysis

As a result of the Commercial Lighting market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Type

Lamps

Luminaries

By Lighting Type

LED-based lighting

Traditional

By End-User

Commercial Offices

Retail

Hospitality and Leisure

Healthcare

Industrial

By Offering

Hardware

Software

Services

By Installation Type

New

Retrofit

By Application

Indoor Lighting

Outdoor Lighting

You can check In-depth Segmentation from here: @ https://straitsresearch.com/report/commercial-lighting-market/request-sample

Regional Analysis Commercial Lighting Market

The regional analysis section of the report offers a thorough examination of the global Commercial Lighting market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Commercial Lighting market in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

New Additions in the 2024 Report:

Expanded Industry Overview: The report now includes a more comprehensive and detailed industry overview.

In-Depth Company Profiles: Enhanced profiles providing deeper insights into key industry players.

Customized Reports and Analyst Support: Tailored reports and direct access to analyst support available upon request.

Insights on Market Developments: Updated information on recent market trends and future growth opportunities.

Regional/Country-Specific Customization: Reports tailored to specific regions and countries according to your needs.

Key Highlights

Examine the Commercial Lighting Market: This includes an introduction, analysis of product types and applications, an overview of the market, and a country-by-country market analysis. The study also explores market opportunities, risks, and driving forces.

Profile Manufacturers: The research focuses on manufacturers of Commercial Lighting, including detailed profiles, primary business activities, recent news, sales, pricing, revenue, and market share.

Competitive Landscape Overview: Provide an overview of the competitive landscape among the world's leading manufacturers, highlighting their sales, revenue, and market share.

Market Segmentation Analysis: Illustrate the market segmented by type and application, with detailed breakdowns of sales, price, revenue, market share, and growth rate for each segment.

Regional Market Analysis: Analyze key regions, including North America, Europe, Asia Pacific, the Middle East, and South America. This includes sales, revenue, and market share data segmented by manufacturers, types, and applications.

Production Cost Investigation: Investigate production costs, essential raw materials, and the production methods used in the industry.

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Cost-Effective Research: Reduce research expenses by investing in this comprehensive report instead of conducting independent research. It provides a cost-effective means of accessing detailed analysis and insights on a specific topic without requiring extensive resources.

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[latestmarketresearchnews]

Vertical Farming Industry Competitive Landscape and Industry Analysis 2030

The global vertical farming market was valued at USD 6.92 billion in 2023, with a projected compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is attributed to the increasing adoption of environment-friendly methods for producing fruits and vegetables. As the global population continues to rise, urban agriculture has become essential to meet the demand for food in densely populated areas.

Vertical farming involves growing food in stacked layers, which may be set up in warehouses, skyscrapers, or even repurposed shipping containers. The popularity of organic foods, often considered healthier and more nutritious, has bolstered demand for vertically farmed produce due to its eco-friendly image. Consumer preferences for organic food also impact producers, policymakers, and suppliers, as they develop marketing strategies to cater to these health-conscious and environmentally aware consumers.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Health concerns such as obesity and heart disease have led many people to seek healthier food options, increasing the demand for organic produce. Additionally, issues like groundwater depletion and changing climate conditions have encouraged traditional farmers to explore alternative farming methods. Vertical farming allows for year-round crop production, which significantly boosts productivity compared to traditional farming. Controlled environment agriculture (CEA) techniques enable these indoor farms to maintain ideal growing conditions through artificial environmental controls, including lighting, temperature, and fertigation (the application of fertilizers through irrigation).

The need for high-quality, reliable food sources is also driven by urbanization and population growth. The adoption of vertical farming techniques addresses this demand by enabling crops to be grown in urban spaces, such as multi-story buildings or warehouses. As the global population is expected to increase significantly by 2030, vertical farming offers a viable solution to meet food production needs.

Growing Mechanism Segmentation Insights:

Among the various growing mechanisms used in vertical farming, hydroponics held the largest market share in 2022 and is expected to remain the dominant method from 2023 to 2030. Hydroponics is popular due to its relatively low installation costs and simplicity in operation. This method involves growing plants without soil; instead, the plants’ roots are placed in a nutrient-rich mineral solution. Hydroponics minimizes the risk of soil-borne diseases, which makes it an efficient choice for many farmers. Additionally, hydroponic systems typically produce higher yields than soil-based growing systems, as they allow for precise control over nutrient levels. The plants’ roots are immersed in a solution that is periodically checked and adjusted to maintain the ideal nutrient balance.

Consumer awareness of pesticide effects has further boosted demand for hydroponic farming, as it allows for pesticide-free growth. Hydroponic systems also reduce water usage and space requirements, making it highly efficient and environmentally friendly.

The aquaponics segment is expected to gain a notable share of the market during the forecast period. Aquaponics combines hydroponics with aquaculture, creating a closed-loop system where fish waste provides nutrients for plants. This eliminates the need for artificial fertilizers and pesticides, making aquaponics an entirely natural and sustainable system. Plants like lettuce, kale, chives, peppers, mint, cucumbers, and peas are well-suited to aquaponic growth. Fish waste in the water enriches the nutrient levels, accelerating crop production while simultaneously supporting fish growth. This system is sustainable, eliminates the need for chemical fertilizers, and is particularly attractive for consumers and farmers focused on organic and eco-friendly production.

The aeroponics segment is also projected to experience significant growth over the coming years. Like hydroponics, aeroponics does not rely on soil; however, it does not even use a growing medium. Instead, plant roots are suspended in the air within a dark chamber and periodically misted with a nutrient-rich solution. This approach allows for maximum oxygenation of the roots, which promotes faster and healthier plant growth. Aeroponics is considered one of the most efficient growing methods, as it allows plants to grow quickly and with minimal water usage. The lack of soil and medium also reduces contamination risks, making aeroponics an ideal option for producing high-quality produce with minimal resource usage.

Each of these vertical farming methods hydroponics, aquaponics, and aeroponics offers unique advantages, and the continued growth of these segments reflects the demand for sustainable, efficient, and pesticide-free food production systems.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[marketanalysisdata]

Ceramic Matrix Composites Market - Latest Innovations by Industry Experts Till 2030

The global ceramic matrix composites (CMC) market was valued at approximately USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The increasing demand for materials with high-temperature stability, reduced weight, and exceptional strength is a key driver for this market’s growth. These properties make CMCs highly valuable in demanding applications where traditional materials often fall short. The chemical industry experienced a significant shift in the first half of 2020, as companies were already facing complex, long-term challenges and were further impacted by the economic downturn associated with the COVID-19 pandemic and the concurrent oil price collapse, which influenced the entire CMC market landscape.

The high cost of ceramic fibers remains a significant factor impacting market growth. Unlike carbon fiber, commonly used in metal and polymer composites, ceramic fibers are produced in smaller quantities, which prevents them from benefiting from the economies of scale that reduce costs in high-volume production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Ceramic matrix composites are finding increasing application in industries like electronics, thermal management, and high-performance sports equipment, where they offer advantages such as improved performance, enhanced comfort, and robust structural integrity. Over the forecast period, CMCs are anticipated to replace traditional alloys and other metals in various applications, particularly where their high thermal resistance allows them to function with minimal or no cooling requirements. This quality is particularly valued in the aviation industry, where demand for CMCs is expected to grow significantly.

The United States, as a global military leader, is a major consumer of CMCs. Additionally, the U.S. Department of Energy is researching CMC cladding for fuel rods in light-water nuclear reactors, which could boost CMC demand in the energy and power sectors. In North America, the CMC market is expected to grow as key players increase research and development efforts, expand manufacturing capacity, and broaden their product offerings.

Application Segmentation Insights:

In 2022, the aerospace segment led the CMC market, accounting for over 41.95% of the global revenue share. The demand for ceramic matrix composites in aerospace is driven by their use in manufacturing essential components like noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft. CMCs’ high impact strength and hardness make them ideal for these applications, as they enhance durability and safety in aerospace structures.

In addition to aerospace, CMCs are valued for their application in manufacturing bullet-proof armor and as insulators for small arms weapon platforms. Many ceramic materials are transparent to specific types of energy and light, making them suitable for infrared domes, sensor protection, and multi-spectral windows.

The energy and power sector is expected to be the fastest-growing application segment for CMCs during the forecast period. With their high-temperature stability, oxidation resistance, and radiation tolerance, CMCs are well-suited for applications in both fission and fusion energy technologies.

Ceramic matrix composites are also widely used as isolators in the electronics industry and are integral to electronic circuits due to their high thermal conductivity. Other CMC applications include laser diodes, LEDs, artificial teeth, and fuel cells, which further support market expansion. These diverse applications make CMCs a valuable material in various high-performance and emerging technological fields.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Ceramic Matrix Composites Industry Overview, Challenges and Growth Opportunities Analysis till 2030

The global ceramic matrix composites (CMC) market was valued at approximately USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The increasing demand for materials with high-temperature stability, reduced weight, and exceptional strength is a key driver for this market’s growth. These properties make CMCs highly valuable in demanding applications where traditional materials often fall short. The chemical industry experienced a significant shift in the first half of 2020, as companies were already facing complex, long-term challenges and were further impacted by the economic downturn associated with the COVID-19 pandemic and the concurrent oil price collapse, which influenced the entire CMC market landscape.

The high cost of ceramic fibers remains a significant factor impacting market growth. Unlike carbon fiber, commonly used in metal and polymer composites, ceramic fibers are produced in smaller quantities, which prevents them from benefiting from the economies of scale that reduce costs in high-volume production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Ceramic matrix composites are finding increasing application in industries like electronics, thermal management, and high-performance sports equipment, where they offer advantages such as improved performance, enhanced comfort, and robust structural integrity. Over the forecast period, CMCs are anticipated to replace traditional alloys and other metals in various applications, particularly where their high thermal resistance allows them to function with minimal or no cooling requirements. This quality is particularly valued in the aviation industry, where demand for CMCs is expected to grow significantly.

The United States, as a global military leader, is a major consumer of CMCs. Additionally, the U.S. Department of Energy is researching CMC cladding for fuel rods in light-water nuclear reactors, which could boost CMC demand in the energy and power sectors. In North America, the CMC market is expected to grow as key players increase research and development efforts, expand manufacturing capacity, and broaden their product offerings.

Application Segmentation Insights:

In 2022, the aerospace segment led the CMC market, accounting for over 41.95% of the global revenue share. The demand for ceramic matrix composites in aerospace is driven by their use in manufacturing essential components like noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft. CMCs’ high impact strength and hardness make them ideal for these applications, as they enhance durability and safety in aerospace structures.

In addition to aerospace, CMCs are valued for their application in manufacturing bullet-proof armor and as insulators for small arms weapon platforms. Many ceramic materials are transparent to specific types of energy and light, making them suitable for infrared domes, sensor protection, and multi-spectral windows.

The energy and power sector is expected to be the fastest-growing application segment for CMCs during the forecast period. With their high-temperature stability, oxidation resistance, and radiation tolerance, CMCs are well-suited for applications in both fission and fusion energy technologies.

Ceramic matrix composites are also widely used as isolators in the electronics industry and are integral to electronic circuits due to their high thermal conductivity. Other CMC applications include laser diodes, LEDs, artificial teeth, and fuel cells, which further support market expansion. These diverse applications make CMCs a valuable material in various high-performance and emerging technological fields.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.