Latest News- Ventilation And Air Conditioning Market For Indoor Agriculture: Air conditioning equipment is expected to lead the Product segment during 2025-2029

The Ventilation And Air Conditioning Market For Indoor Agriculture is being driven by Benefits offered by ventilation and air conditioning equipment in indoor agriculture

The Ventilation And Air Conditioning Market For Indoor Agriculture is expected to grow at a CAGR of 20.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3389.1 million. In the realm of indoor agriculture, there is a burgeoning trend towards utilizing insulated shipping containers for climate-controlled cultivation, a practice referred to as container farming. These custom-built containers, available in sizes such as 20 and 40 feet, are outfitted with advanced environmental control systems to facilitate the growth of a diverse range of fruits, vegetables, and flowers in various climates. The demand for container farming is significantly driven by the pharmaceutical, nutritional supplement, and flavor and fragrance industries, which rely heavily on herbs and botanical products. This mobile, vertical farming solution offers a cost-effective and efficient alternative to traditional agriculture methods. 

Get more information on Ventilation And Air Conditioning Market For Indoor Agriculture by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Air conditioning equipment
  • Ventilation equipment
• Type
  • New installation
  • Retrofit
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Benefits offered by ventilation and air conditioning equipment in indoor agriculture
• Growing demand for exotic fruits, vegetables, and flowers
• Availability of funding for startups and farmers for indoor agriculture

However, the market also witnesses some limitations, which are as follows:

• High capital investment requirement and operating cost in indoor agriculture
• Lack of exposure to modern agricultural practices
• Limitations of indoor farming

Benefits of Buying Global Ventilation And Air Conditioning Market For Indoor Agriculture Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Ventilation And Air Conditioning Market For Indoor Agriculture Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Ventilation and Air Conditioning (VAC) market for indoor agriculture is witnessing significant growth due to the increasing construction of energy-efficient buildings in response to climatic changes. HVAC systems, including cooling equipment, heating equipment, and ventilation equipment, are essential for maintaining optimal indoor air quality in shopping centers, industrial facilities, warehouses, and precision machinery industries. Energy consumption is a major concern, leading to the integration of IoT, semiconductor chips, and Building Automation Systems (BAS) with OEM components such as BAS units. Sustainable buildings and sustainable farming practices are driving the demand for energy-efficient VAC systems.

Market Research Overview

The Ventilation and Air Conditioning (VAC) market for Indoor Agriculture is a significant segment of the larger Global Electrical Components and Equipment Market. This market encompasses companies manufacturing HVAC systems for energy-efficient buildings, addressing climatic changes and ensuring optimal indoor air quality. With increasing focus on energy consumption reduction and maintenance, the demand for energy-efficient HVAC systems is on the rise. The market size is calculated based on the revenue generated by manufacturers of HVAC systems, alongside renting and leasing services to industrial, commercial, and residential sectors. Key components of the electrical equipment market include HVAC systems, automation solutions, electrical distribution and protection equipment, and safety components. The market's growth is influenced by factors such as energy efficiency regulations, rising demand for sustainable agriculture, and the need for maintaining consistent indoor environments for optimal crop growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/