Controlled Environment Agriculture Market Analysis

Component (Hardware, Software, Services)

Hardware segment is anticipated to account for more than 55% controlled environment agriculture market share by the end of 2037. This segment dominance is due to the increased adoption of advanced farming systems, including specialty LED lighting and climate control hardware for maintaining optimal growth conditions within crops. For example, in July 2023, Fifth Season, a vertical farming company, opened a research and development center in Pittsburgh, Pennsylvania. This new center focuses on advancing technology and innovation in the vertical farming sector.

Technology (Hydroponics, Aeroponics, Aquaponics)

By 2037, hydroponics segment is projected to hold more than 43% controlled environment agriculture market share. The demand for hydroponics is rising since it uses minimal water with high yield percentages of crops, which can be used in urban farming. For example, Plenty Unlimited Inc. opened Plenty Compton Farm in California in December 2023. The company will supply Walmart stores using hydroponic techniques. This development represents how the efficiency of resource utilization, along with the reliability of hydroponic systems, keeps it continuously in favor of large-scale retail supply.

Our in-depth analysis of the global market includes the following segments: