A closed system of
farming wherein a farmer or a farm technician attempts to achieve farm
production under regulated conditions which have been created artificially is
known as plant factory. Plant factories are generally used for the purpose of
growing organic vegetables. This needs artificial control of temperature,
light, carbon dioxide and moisture. Grow light is an artificial source of light
which are designed to emit electromagnetic spectrum which is suitable for the
photosynthesis purpose. Grow light is useful for warehouse food production.
Visible light has a different spectrum as compared to grow light. The spectrum
of grow lights can be optimized according to plant. The productivity of crops
increases by a significant factor due to plant factory practice.
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Global market for plant
factory and grow lights is estimated to grow at a significant rate. The demand
for organic plants and vegetables has grown worldwide while the comparative
supply has not been able to match the demand. This has led to the evolvement of
the plant factory system which is an automated farm with advanced technologies
and can produce 24 hours a day without depending upon climate. Plant factory
market can be segmented into two categories, new plant factory construction
market and plant factory products market. Highest growth rate is expected in
North American countries, i.e. USA and Canada and European countries including
UK, France and Germany.
The driving factors for
plant factories and grow lights market are the increasing demand for the
ability to grow food locally and consistently, paucity of space for farming
especially in cities, and the need to increase the yield per unit area without
harming the environment. Governments are also encouraging plant factories and
grow lights for improving the production. The opportunities in this market are
varied and can range from technological advancement in grow lights, combined
use of natural lighting with artificial lighting, developing a solar power
based plant factory to constructing multiple level plant factories which would
further reduce space requirement.
Some of the major
players in this market are APL engineered material, Daystar, Advanced lighting
Technologies, Siemens Philips horticulture Lamps, General Electric, Hydrofarm,
Iwasaki Electric, Sun System and Taiwan Floriculture Exports Association.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
- It helps in understanding the key
product segments and their future
More Reports On Food &
Beverages Market: -
http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
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