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.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
198 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.7% |
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Market growth 2025-2029 |
USD 3389.1 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
16.6 |
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Key countries |
US, UK, Canada, Germany, China, France, Spain, Italy, South Korea, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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.
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
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