Controlled Environment Agriculture (CEA) Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Controlled Environment Agriculture Market size will depict a 14% CAGR between 2024 and 2032. Energy storage technologies are largely adopted to store excess energy generated by renewables, ensuring a stable energy supply for controlled environment agriculture (CEA) operations. The integration of renewable energy sources like solar and wind power into these operations has grown common as it not only reduces the carbon footprint but also lowers operating costs. For example, in January 2024, RWE, a major energy firm, operationalized an agrivoltaics plant in North Rhine-Westphalia, Germany to highlight the emerging trend of merging agriculture with solar power generation.

The CEA industry is segmented into component, technology, crop, end use, and region.

By technology, the industry value from the aquaponics segment will hit a lucrative growth rate through 2032. Aquaponics stands out for its sustainability, operating on a closed-loop principle. Fish excrement nourishes the plants, and in return, the plants purify the water for the fish. This symbiotic relationship diminishes reliance on external inputs, such as chemical fertilizers. Furthermore, aquaponics systems are more water-efficient than conventional soil-based farming, due to their recirculating water mechanism, making them particularly beneficial in water-scarce regions.

With respect to end use, the CEA market size from the residential segment will exhibit immense expansion between 2024 and 2032. Homeowners are increasingly embracing residential hydroponic systems, enabling them to cultivate vegetables, herbs, and small fruits indoors, all without the need for soil. These systems are not only compact and user-friendly but can also be conveniently set up in kitchens, balconies, or even living rooms. The rise of smart indoor gardens, equipped with IoT devices and automation will also boost the segment growth.

Asia Pacific controlled environment agriculture industry share will expand up to 2032. With the urban population on the rise, vertical farming and urban agriculture are gaining traction. Controlled environment agriculture optimizes space in cities, bringing food production nearer to consumers and cutting down transportation-related carbon emissions. The growing emphasis on reducing the use of chemical fertilizers and pesticides will also favor the market growth to render precise control over growing conditions across the region.

Product Code: 10527

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturer
- 3.2.3 Technology providers
- 3.2.4 System integrators
- 3.2.5 Consulting and engineering firms
- 3.2.6 Distributors and retailers
- 3.2.7 End users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Urbanization driving demand for local food
  - 3.8.1.2 Technological advancements improving efficiency and yields
  - 3.8.1.3 Government incentives supporting sustainable agriculture practices
  - 3.8.1.4 Need for year-round crop production
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial setup and operational costs
  - 3.8.2.2 Limited crop variety adaptability in controlled environments
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021-2032 ($Bn)

5.1 Key trends
5.2 Hardware
- 5.2.1 Lighting
- 5.2.2 Climate control systems
- 5.2.3 Sensors
- 5.2.4 Irrigation systems
- 5.2.5 Others
5.3 Software
- 5.3.1 Farm management software
- 5.3.2 Data analytics
- 5.3.3 Remote monitoring
- 5.3.4 Others
5.4 Service
- 5.4.1 Installation
- 5.4.2 Maintenance
- 5.4.3 Consulting

Chapter 6 Market Estimates and Forecast, By Technology, 2021-2032 ($Bn)

6.1 Key trends
6.2 Hydroponics
6.3 Aeroponics
6.4 Aquaponics
6.5 Others

Chapter 7 Market Estimates and Forecast, By Crop, 2021-2032 ($Bn)

7.1 Key trends
7.2 Vegetables
7.3 Fruits
7.4 Flowers and ornamentals
7.5 Others

Chapter 8 Market Estimates and Forecast, By End use, 2021-2032 ($Bn)

8.1 Key trends
8.2 Commercial
8.3 Residential
8.4 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 AeroFarms
10.2 Agritecture
10.3 AppHarvest
10.4 Bowery Farming
10.5 BrightFarms
10.6 Crop One Holdings
10.7 Freight Farms
10.8 Gotham Greens
10.9 Green Spirit Farms
10.10 Heliospectra
10.11 iFarm
10.12 Illumitex
10.13 Koidra
10.14 LumiGrow
10.15 Netafim
10.16 Oasis Biotech
10.17 Plenty
10.18 Sierra Geothermal
10.19 Urban Crop Solutions
10.20 Vertical Harvest