At 25.6% CAGR, Aeroponics Market is Anticipated to Hit $3.53 billion by 2026 | Evergreen Farm Oy, LettUs Grow, Freight Farms, BrightFarms Inc, AeroFarms, Ponics Technologies

Increase in demand for organic food, limited arable land for traditional agriculture, and popularity of disease-free environment have propelled the growth of the global market. However, high initial investments impede the growth to some extent. Moreover, increase in urban population and technological advancements replacing traditional farming techniques are expected to offer lucrative opportunities to the key players in the industry.

As per the report published by Allied Market Research, the global aeroponics industry was projected at $578.7 million in 2018 and is anticipated to hit $3.53 billion by 2026, registering a CAGR of 25.6% from 2019 to 2026. The research provides an extensive analysis of changing market trends, key investment pockets, major segments, top winning strategies, and competitive scenario.

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Key Benefits for Aeroponics Market :

• This study comprises analytical depiction of the global aeroponics market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall aeroponics market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current aeroponics market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the aeroponics market industry.
• The report includes the aeroponics market share of key vendors and market trends.

The global aeroponics market is analyzed across various segments including application, component, and region. Based on component, the market is categorized into irrigation component, lighting, sensor, climate control, building material, and others. The lighting segment contributed for the largest market share, accounting for more than one-fourth of the global aeroponics market share in 2018. On the other hand, the climate control segment is expected to showcase the fastest CAGR of 30.3% during 2019–2026.

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Based on application, the market is bifurcated into indoor farming and outdoor farming. The indoor farming segment contributed to three-fifths of the global aeroponics market revenue in 2018 and is anticipated to maintain its dominance by the end of 2026. In addition, the same segment is also likely to grow at the fastest CAGR of 27.6% during the estimated period.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The region across Asia-Pacific held the largest market share in 2018, accounting for nearly half of the total market share. On the other hand, the Europe is estimated to register the fastest CAGR of 28.8% during the forecast period.

The key market players analyzed in market report include Aeroponics (AERO Development Corp), Evergreen Farm Oy, LettUs Grow, Freight Farms, BrightFarms Inc, AeroFarms, Ponics Technologies, Living Greens Farm, Altius Farms, and CombaGroup SA.

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Aeroponics Market Segments:

By Application

• Indoor Farming
• Outdoor Farming

By Component

• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
• Others

By Region

• North America
o U.S.
o Mexico
o Canada
• Europe
o Germany
o France
o UK
o Netherlands
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Singapore
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

Read More at https://www.globenewswire.com/news-release/2020/03/25/2006309/0/en/Aeroponics-Market-to-Generate-3-53-Billion-Globally-by-2026-Allied-Market-Research.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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