Signify Holding, GE CURRENT and Freight Farms, Inc. are Dominating the North America Indoor Farming Technology Market in 2019

North America Indoor Farming Technology Market is expected to grow with the CAGR of 15.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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North America indoor farming technology market is a highly consolidated market, which includes 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 North America indoor farming technology market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio and business expansions. In October 2015, Zipgrow Inc collaborated with Bright Agrotech to launch their new product named as Zipfarm. Zipfarm was designed to make vertical growth. ZipGrow technology is used to create a food-producing living wall. This has aided the company to enhance its product portfolio.

Signify Holding is the dominating player in North America indoor farming technology market. The other key players existing in the market includes Sananbio, Hawthorne Gardening Co. (A Subsidiary of The Scotts Company LLC), Freight Farms, Inc., OSRAM SYLVANIA Inc. (A Subsidiary of OSRAM GmbH.), Suncore, Priva Holding B.V., Surna, ZipGrow Inc., LOGIQS B.V., GE CURRENT, Argus Control Systems Limited, LumiGrow, Certhon, iFarm, Braingrid Corporation, Agrilyst Inc., Eden Green Technology, NETAFIM (A Subsidiary of Orbia), Urban Crop Solutions among others.

Signify Holding

Signify Holding is headquartered in Eindhoven, Netherlands and was established in year 1891. The company is the world leader in lighting for professionals, consumers and lighting for the Internet of Things. The company operates in Lamps, LED, Professional, Home segments out of which LED is market focused segment. The company offers wide range of categories such as Philips, Interact, Modular Lighting Instruments, Color Kinetics out of which Philips is focused category.

• In August 2018, Signify Holding launched Philips GreenPower LED toplighting, which provides output of 800 µmol/s and light efficacy up to 3.0 µmol/J. Furthermore, it also features with a lifetime of 35,000 hours and improved efficiency. The new product increased the customer base of the company.

The company has a wide global presence across Europe, Latin America, Asia-Pacific, Middle East & Africa, North America with its various subsidiaries 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.

GE CURRENT

GE CURRENT is headquartered in Ohio, U.S. The company is engaged in manufacturing and providing cannabis cultivation and climate control equipment and also handles all of the mechanical, electrical and plumbing (MEP) design requirements of any cannabis facility. The company operates in Indoor Fixtures, Outdoor Fixtures, Controls & Sensors, By Application categories out of which By Application is market focused category.

• In June 2018, GE Current launched its Arize LEDs horticultural lighting solution. This Arize LED solution is highly efficient and emits less heat than competitive products, reduces energy consumption and carbon footprint by 33% as compared with vertical farming averages. This has aided the company to increase its product portfolio with an increasing customer base.

The company has a wide presence across U.S. and Asia-Pacific.

Freight Farms, Inc.

Freight Farms, Inc. headquartered in California, U.S. was incorporated in 2010. The company provides healthy food with global infrastructure to revolutionize local assess to food for sustainable future. The company offers product categories such as Greenery, Farmhand, Client Services out of which Greenery, Farmhand are market focused categories.

• In February 2020, Freight Farms, Inc. announced partnership with Ospraie Ag Science to provide sustainable solutions which will improve the quality of life for society and farmers. This partnership will boost the global sales and increase the market share for the company.

The company has presence across U.S. and generates more revenue through its subsidiary Cabbige, Inc. (U.S.).