VERTICAL FARMING MARKET ANALYSIS

Market News

Global Vertical Farming Market: Key Developments

In November 2021, The Signify (PHILIPS) launches virtual Center of Excellence for smarter, more sustainable urban vegetable farming in Singapore and Asia. The center will provide profound research insights and advanced lighting solutions for growers in Singapore and Asia.

In March 2021, Signify develops Philips GreenPower LED toplighting force.  It  is  an  expansion  to  its  range  of  Philips GreenPower  LED  toplighting  products,  providing growers  a  new  range  for  light-loving  crops.  The product   helps   growers   optimizing   growth predictability, improving crop quality and increasing yield.

In September 2020, The Signify signed a cooperation agreement with Yunnan AiBiDa Greenhouse Technology Co., LTD, to formally become a research partner using Philips GreenPower LED products as supplementary lighting for its greenhouse floriculture production. This agreement helps in improving crop growth efficiency and quality in western China.

In April 2021, AeroFarms and Hortifrut made multi-year partnership to jointly research and develop blueberry and caneberry production in fully-controlled indoor environments and vertical farms in USA.

In April 2020, The AeroFarms had invested USD 100 million in one of the largest R&D indoor vertical farming projectS in Abu Dhabi. It will be a 90,000 square foot indoor vertical farm, which is a part of AgTech investment.

In April 2020, AeroFarms had built its largest indoor vertical farm by investing USD 42 million in Danville-Pittsylvania County located in commonwealth of Virginia in the United States.