Signify Holding, OSRAM GmbH, and EVERLIGHT are Dominating the Global Vertical Farming Market in 2020

Global Vertical Farming Market is expected to grow with the CAGR of 26.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global vertical farming market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global vertical farming market are increasing demand for organic food and rising adoption of technologies. This helped companies to enhanced its sale with enhanced product portfolio.

For instance,

  • In August 2020, OSRAM GmbH’s brand Fluence brand has announced that it has partnered with Burnaby, British Columbia-based Quality Wholesale Ltd. which is a leading garden wholesaler specializing in the distribution of agricultural products throughout Canada. With this partnership the company has expanded their business in Canada region.

Signify Holding is the dominating player in global vertical farming market. The other key players existing in the market are AeroFarms, BOWERY FARMING INC., AGM Services, Altius Farms, CubicFarm Systems Corp., Green Sense Farms Holdings, Inc., InFarm – Indoor Urban Farming GmbH, Gills N Claws Pte Ltd, Sky Greens, SPREAD Co., Ltd., Triton Foodworks, AMHYDRO, Urban Crop Solutions, CropOne, Plenty Unlimited Inc., SANANBIO, Freight Farms, Inc., EVERLIGHT, OSRAM GmbH, Valoya, ZipGrow Inc., and Heliospectra AB

Vertical Farming Market

Signify Holding

Signify Holding is headquartered in Eindhoven, Netherlands and it was founded in year 1891. The company is focused on providing lightning professionals along with consumer lighting with internet of things. The company offers various brands such as Philips, Interact, Philips hue, Color Kinetics, WiZ and the market focused brand is Philips.

  • In September, Signify Holding introduced LED modules are for vertical farming allowing consistent quality of producing open field lettuce or lettuce grown with the help of fluorescent lighting. The company enhanced the business portfolio through the launch of the technology generating more profit and income to it.

The company has wide global presence across the globe such as North America, Europe, Latin America, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Color Kinetics (U.S.), Signify North America Corporation (U.S.) Cooper Lighting, LLC (U.S.), Signify Canada Ltd (Canada), Signify Netherlands B.V. (Netherlands) among others.

OSRAM GmbH

OSRAM GmbH headquartered in Munich, Germany. The company focuses on providing high quality lighting solution in various sectors. The company offers various 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 the market focused product is Luminaires.

  • 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.

The company has wide global presence across the globe such as Americas, Europe, Middle East and Africa, Asia, Australia. In addition to it, the company also generates its revenue from the various subsidiary companies such as OSRAM Ltd., Slough, Berkshire/Great Britain (U.K.), OSRAM Continental Italia S.r.l., (Italy). OSRAM Continental Austria GmbH (Austria), OSRAM Comercio de Solucoes de Iluminacao Ltda. (Brazil), OSRAM China Lighting Ltd. (China) among others.

EVERLIGHT

EVERLIGHT is headquartered in New Taipei City, Taiwan and it was founded in year 1983. The company focuses on providing high power LEDs, lighting components, digital displays and opto-couplers for various applications. The company offers various products such as Visible LED, Infrared LED / IRM / PLT / Optical Switch, Optical IC, Photo Coupler, IGBT, SSR, RoHS / Reach and the market focused product is Visible LED.

The company has wide global presence across the globe such as Americas, Europe, Africa, Asia-Pacific, and Oceania.

  • In addition to it, the company also generates its revenue from the various subsidiary companies such as Everlight Europe GmbH (Germany), Everlight Americas Inc.  (U.S.), Everlight Optoelecronics Korea co. Ltd (Korea), Everlight Electronics India Private Limited (India), Everlight Electronics  Singapore Pte. Ltd. (Singapore) among others.
  • In March 2020, EVERLIGHT 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 wide global presence across the globe such as Americas, Europe, Africa, Asia-Pacific, and Oceania. In addition to it, the company also generates its revenue from the various subsidiary companies such as Everlight Europe GmbH (Germany), Everlight Americas Inc.  (U.S.), Everlight Optoelecronics Korea co. Ltd (Korea), Everlight Electronics India Private Limited (India), Everlight Electronics Singapore Pte. Ltd. (Singapore) among others.