Asia-Pacific Vertical Farming Market is expected to grow with a CAGR of 27.5% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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Asia-Pacific vertical farming market is a fragmented market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players dealing in the vertical farming market are introducing a strong range of products provider along with adopting strategic initiatives such as publications, acquisition, business expansion, and award and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In May 2022, Signify the world leader in lighting, has completed the acquisition of Fluence from ams OSRAM. The transaction strengthens our global Agriculture lighting growth platform and extends our position in the attractive North American horticultural lighting market.
- In October2020, OSRAM GmbH’s brand Fluence which is a leading global provider of energy-efficient LED lighting solutions for agriculture production and commercial cannabis, has launched the VYPR 3x and VYPR DUO 3×2 lighting solution. This new launch will help company to expand their product portfolio.
OSRAM GmbH is the dominating player in the vertical farming market. The other key players existing in the market include Signify Holding, CubicFarm Systems Corp., InFarm, Gills N Claws Pte Ltd, Sky Greens, SPREAD Co., Ltd., Triton Foodworks, SANANBIO, EVERLIGHT, OSRAM GmbH, Valoya, Heliospectra AB, Jain Irrigation Systems Ltd, and Glenorie Hydroponics, Sino Opto Technology Co., Ltd among others.
OSRAM GmbH
OSRAM GmbH was founded in the year 1919 and is headquartered in Munich, Germany. The company is engaged in The company focuses on providing high quality lighting solution in various sectors. The company has business segments such as Opto Semiconductors, Specialty Lighting, Lighting Solutions and Digital Systems out of which Opto Semiconductors is the market focused category. The company has products such as Automotive, LED (Light Emitting Diodes), Emitters, Lasers, Sensors, Light Engines and Modules, Light Management Systems, Electronic Control Gear, Flexible Lighting Solutions, Traditional and Specialty Lamps, Luminaires and out of which Luminaires are market focused category.
For instance,
- In October 2020, OSRAM GmbH’s brand Fluence which is a leading global provider of energy-efficient LED lighting solutions for agriculture production and commercial cannabis, has launched the VYPR 3x and VYPR DUO 3×2 lighting solution. This new launch will help company to expand their product portfolio.
- In September 2020, OSRAM GmbH’s brand Fluence which is a leading global provider of energy-efficient LED lighting solutions for agriculture production and commercial cannabis, has announced that it has partnered with The Lamphouse, the largest supplier of specialized lamps in Africa. With this local partnership, OSRAM will expand their business in other regions and deliver fast and reliable solutions to farmers.
The company has a wide presence across Americas, Europe, Middle East and Africa, Asia, Australia.
Signify Holding
Signify Holding was founded in the year 1938 and is headquartered in Eindhoven, Netherlands. The company is engaged in developing, manufacturing, and selling lighting products. The company has business segments such as Professional, LED, Lamps, Home and Other out of which LED is the market focused category. The company has product category namelyLighting products, Specialty Applications and out of which Specialty Applications are market focused category.
For instance,
- In May 2022, Signify the world leader in lighting, has completed the acquisition of Fluence from ams OSRAM. The transaction strengthens our global Agriculture lighting growth platform and extends our position in the attractive North American horticultural lighting market.
The company has a wide presence across Asia-Pacific, Europe, Middle East & Africa, South America, North America. The various subsidiaries of the company include Philips Lighting (China) Investment Co., Ltd, Philips Lighting B.V., Philips Lighting GmbH, Philips Lighting Holding B.V., Philips Lighting Hong Kong Limited, Philips Lighting North America Corporation, Philips Lighting Poland Sp. z o.o.,P.T Philips, and others.
EVERLIGHT ELECTRONICS CO., LTD
EVERLIGHT ELECTRONICS CO., LTD was founded in the year 1983 and is headquartered in New Taipei City, Taiwan. The company focuses on providing high power LEDs, lighting components, digital displays and Opto-couplers for various applications. The company has business segments such as LED, LCD, Illumination and Others out of which LED is the market focused segment. The company has product categories such as Visible LED, Infrared LED / IRM / PLT / Optical Switch, Optical IC, Photo Coupler, IGBT, SSR, RoHS / Reach and out of which Visible LED is the market focused category.
For instance,
- In March 2020, EVERLIGHT has has released its new ELUC3535NUB series of UVC products based on a sapphire substrate. Everlight has invested and developed UVC and UVA LED technology for many years. This new launch will help company to expand their product portfolio.
The company has a wide presence across Americas, Europe, Africa, Asia-Pacific.
