Latest news with #LEDlighting
Yahoo
3 days ago
- Business
- Yahoo
Indoor Farming Market is Set to Reach Staggering Valuation of US$ 80.59 Billion By 2033
Technological innovation in LED lighting and hydroponics accelerating the indoor farming market's growth, primarily for high-turnover crops. However, steep initial capital outlay and intense energy consumption create a significant profitability bottleneck, challenging its path to mainstream scale. Chicago, Aug. 06, 2025 (GLOBE NEWSWIRE) -- The global indoor farming market was valued at US$ 33.90 billion in 2024 and is expected to reach US$ 80.59 billion by 2033, at a CAGR of 10.1% during the forecast period 2025-2033. The global market is currently undergoing a period of explosive growth and transformative change, solidifying its position as a critical component of the future of agriculture. Propelled by a convergence of technological innovation, escalating consumer demand for sustainable and locally sourced food, and an urgent need for global food security, the sector is attracting significant investment and expanding at an unprecedented rate. From sprawling new smart farms to sophisticated AI-driven automation, the industry is redefining the limits of food production. This evolution is not merely theoretical; it is quantified by the rapid scaling of operations, diversification of high-value crops, and increasing penetration into mainstream retail channels. Request Sample Pages: As companies refine their economic models and overcome operational hurdles, the indoor farming market is demonstrating its immense potential to create a more resilient, efficient, and sustainable global food system. The data from 2024 and forward-looking projections for 2025 paint a clear picture of a market that is not just growing, but fundamentally reshaping how food is grown and distributed around the world, offering compelling opportunities for stakeholders prepared to embrace this agricultural revolution. Key Findings in Indoor Farming Market Market Forecast (2033) US$ 80.59 billion CAGR 10.1% Largest Region (2024) Europe (35.40%) By Growing Systems Hydroponics (46.40%) By Crop Type Common Crops (51.20%) By Technology Lighting (42.10%) Top Drivers Rising consumer demand for fresh, local, pesticide-free produce. Climate change and shrinking arable land drive food security needs. Technological advances in AI and LED lighting reduce costs. Top Trends Automation and robotics are reducing operational labor costs. Expansion beyond leafy greens to higher-value fruiting crops. Increasing focus on sustainable and eco-friendly farming practices. Top Challenges Volatile and high energy consumption costs remain a barrier. Regulatory hurdles and need for supportive government policies. Monumental Facility Expansions Are Redefining Operational Scale and Production A clear indicator of the indoor farming market's vitality is the aggressive expansion of its physical footprint. Companies are scaling up their facilities at a remarkable pace to meet burgeoning demand. For instance, the vertical farming company Oishii opened a massive 237,500-square-foot smart farm in Phillipsburg, New Jersey, in June 2024, a facility that complements its existing 72,000-square-foot farm in Jersey City. This new Phillipsburg facility alone has the capacity to increase the company's total output by an astounding factor of 20. This trend is global, with Dutch company Growy launching a new 8,000m² vertical farm in Singapore in 2024. In the United States, Cox Enterprises' agricultural division, Cox Farms, cemented its leadership position by becoming the largest greenhouse operator in 2024, now managing over 700 acres of controlled-environment facilities. Similarly, major player Gotham Greens achieved an annual production capacity of approximately 100 million heads of lettuce in 2024. The Middle East is also a key growth region, evidenced by a joint venture in Saudi Arabia with AeroFarms to construct a farm with a projected annual production capacity of 1.1 million kilograms of crops. Further highlighting this trend, Plenty opened a new facility in Richmond, Virginia, in 2024, which is set to become the world's largest vertical farm dedicated solely to producing strawberries. Strategic Investment and Corporate Finance Fueling Next-Generation Industry Growth Significant capital continues to flow into the indoor farming market, although investors are becoming more discerning, prioritizing companies with proven economic models and a clear path to profitability. In a testament to this, vertical farming company Oishii secured an additional $16 million from investors in a 2024 funding round, bringing its total Series B funding to a close of $150 million for the year. Across the entire industry, a substantial $475 million was invested across 74 separate deals during 2024. Public financing is also playing a role; 80 Acres Farms announced it would receive $140 million in public bonds from Boone County, Kentucky, in 2024 to fund facility expansion. Looking ahead, Italy's Planet Farms has announced a significant joint venture valued at 200 million euros for 2025. The market is also experiencing a phase of consolidation aimed at strengthening technological capabilities. In a strategic move, XYZ Robotics acquired GrowBot Solutions in January 2024, and just two months later, Plenty Unlimited merged with AgriBot Technologies in March 2024 to enhance its robotic systems. Advanced Automation and AI Revolutionize Efficiency and Crop Management Technology, particularly automation and artificial intelligence, remains the engine driving the indoor farming market's quest for ultimate efficiency and scalability. German startup vGreens exemplifies this, utilizing AI-controlled software that allows for strawberry production at the mere touch of a button. The company is pushing the boundaries further, with its new Singapore subsidiary, launching in late 2024, set to focus on developing AI-driven automated tissue cultures. Robotic systems are becoming standard for precise planting of seeds and seedlings in various bed configurations. Furthermore, advanced vision-guided robots are now being deployed to continuously monitor crop growth and health in real-time. These sophisticated vision systems also empower robots to identify and precisely prune overgrown areas, which is crucial for optimizing overall plant health. Strategic partnerships are accelerating this technological integration; in February 2024, IronOx partnered with HarvestAI to incorporate more advanced AI-driven robotics into its operational systems. The economic significance of this trend is underscored by the fact that the global market for robots specifically designed for vertical farming was valued at $2.2 billion in 2024. Unlocking Superior Resource Efficiency and Sustainability in Modern Food Production At the very core of the indoor farming value proposition is its remarkable ability to produce more with significantly fewer resources, a critical advantage in an era of environmental concern. Vertical farming techniques can use up to 10 times less water when compared to conventional farming methods, a staggering figure that highlights its sustainability credentials. Hydroponic systems, a cornerstone of the indoor farming market, are highly efficient, designed to recirculate and reuse water, minimizing waste. By operating within enclosed environments, water loss due to evaporation is drastically reduced compared to the exposure of open-field agriculture. This efficiency is further enhanced by advanced irrigation methods like drip systems and precision watering, which allow for the targeted delivery of water directly to plant roots. The industry is not standing still; emerging technologies such as fogponics and aeroponics are currently being developed to minimize water consumption even further. On the energy front, a notable trend is the move by many operators to abandon combustion-based heating in favor of electrified systems like heat pumps, a clear step toward decarbonizing their operations. Maximizing Crop Yields and Diversifying Portfolios for Enhanced Market Economics The powerful combination of controlled environments and cutting-edge technology is leading to astounding yields and an ever-expanding variety of commercially viable crops. Year-round cultivation within vertical farms in the Indoor farming market can result in crop yields that are an incredible 240 times higher than traditional agriculture when measured on a comparable land footprint. This productivity allows for greater crop diversity. The Growy farm in Singapore, for example, produces 34 different products, including sought-after microgreens like amaranth and shiso. This includes a specially curated "Singapore Salad Mix" that features local favorites such as Bok Choy and Naibai. Oishii, initially famous for its premium strawberries, has successfully expanded its offerings to include the Rubī tomato. The company's innovation pipeline is active, as it is also developing new varietals, including the "Nikko Berry". Importantly, increased production efficiency is translating into consumer benefits. The price of Oishii's Omakase Berries plummeted from $50 per tray in 2018 to as low as $12 in 2024, and the price for a tray of its Koyo Berries was reduced to just $9.99 in 2024. High-value crops like strawberries are a key economic driver, capable of commanding premium pricing that is 2 to 5 times higher than other produce categories. Mapping the Dynamic Geographic Landscape and Key Regional Growth Hubs While North America continues to be a dominant force, the indoor farming market is witnessing significant growth and investment in key international regions, particularly Asia and the Middle East. As of 2024, there are approximately 2,000 dedicated vertical farms operating in the United States. When all forms of indoor agriculture, including greenhouses, are considered, this number swells to about 52,000 facilities across the U.S. American companies are also looking abroad; Oishii is launching its first international facility in 2025 with a new R&D center in Tokyo, Japan. vGreens, German startup in indoor farming market, is similarly expanding into Asia, opening a new subsidiary in Singapore in late 2024. Growy has ambitious plans to build another three to five farms globally, targeting markets in Europe, North America, and other parts of Asia. The United Arab Emirates has emerged as a key hub, with its government actively promoting vertical farming through substantial investments. However, the market is also undergoing a period of correction and consolidation. Plenty shut its Compton, California farm in 2024, and both Bowery Farming and Smallhold filed for bankruptcy in 2024, signaling intense market pressures. Securing Prominent Retail Penetration and Dominance in Food Service Channels Produce from indoor farms is rapidly transitioning from a niche product to a mainstream staple on retail shelves and restaurant menus. The new Growy farm in Singapore currently supplies its 34 distinct products to over 40 high-end hotels and restaurants in the city-state. The company has firm plans for a broader retail market entry in Singapore by the end of 2024. In the United States indoor farming market, Oishii products became available in Harris Teeter grocery stores across the Washington, D.C. metropolitan area in 2024, a significant retail expansion. Oishii also rolled out its produce to stores under the Wakefern brand in the tri-state area in 2024. Its premium berries are now prominently featured on the menus of Michelin-starred Chicago restaurants, including Esme and Omakase Yume, highlighting their appeal to the high-end culinary scene. In a testament to its scale, as of 2025, produce from Gotham Greens is available in retail locations across all 50 U.S. states, demonstrating true national reach. Government Support and Strategic Grant Funding Catalyze Industry-Wide Innovation Public funding and governmental support for urban and innovative agriculture are providing a significant and welcome boost to the indoor farming market's growth and development. In California, a 2024 proposition made $20 million in funding available specifically for urban agriculture projects. The state's Systems Builder grants offer individual awards that can range from $200,000 to $800,000, while its Urban Agriculture Practitioner Grants provide between $75,000 and $300,000 per project. At the federal level, the USDA's Urban Agriculture and Innovative Production (UAIP) grant program had a total of $7.5 million available for distribution in 2024. The USDA also offers Community Food Projects grants of up to $400,000 for implementation projects. In October 2024, the USDA invested $9 million across 10 different organizations to specifically support urban agriculture initiatives. Support is also strong at the municipal level. The City of Seattle's Food Equity Fund provides approximately $2.3 million for local projects, with individual awards typically ranging from $25,000 to $100,000. Similarly, the city of Minneapolis offers grants for urban farming projects ranging from $5,000 to $25,000, and Washington D.C.'s government runs a program providing up to $10,000 per award for local urban farms. Need a Customized Version? Request It Now: Analyzing Competitive Dynamics and Navigating Core Market Challenges for Success While the growth is undeniable, the indoor farming market is a highly competitive arena with significant operational challenges that companies must navigate to achieve long-term success. The pace of expansion among leading players remains rapid, with greenhouse operator BrightFarms opening 3 new large-scale farms in the United States during 2024. Looking forward, the company vGreens announced ambitious plans to begin building its first industrial-scale plants in partnership with food retailers in 2025. However, a market correction is evident in investment trends; since 2022, indoor farming companies have raised under $1 billion, a sharp decline from the nearly $8 billion raised between 2018 and 2022. A significant operational hurdle that persists is energy cost, which can represent a substantial 25% to 30% of a vertical farm's total operating expenditures. This, combined with high interest rates in 2024, has led to a notable trend towards improving existing facilities rather than embarking on new construction. In fact, the year 2024 saw a marked increase in greenhouse projects over fully indoor vertical farms due to the high energy costs associated with the latter. The bankruptcy of major player Bowery Farming in 2024 starkly highlighted the financial challenges and capital-intensive nature of indoor farming market. Consequently, global investment has become more focused, with capital flowing toward fewer, better-positioned players like Oishii that have demonstrated clear operational discipline. Meanwhile, Oishii plans to launch its Open Innovation Center in Tokyo at the end of 2025 to spearhead R&D, and Growy already supplies produce to approximately 50 hotels and restaurants in Singapore. Global Indoor Farming Market Major Players: AeroFarms AgriCool Argus Control Systems Bowery Farming BrightFarms Everlight Electronics EXDIN Solutions General Hydroponics Gotham Greens GP Solutions Heliospectra AB Infarm Iron Ox LumiGrow Signify Holding Sky Greens SPREAD Co., Ltd. Other Prominent Players Key Market Segmentation: By Growing System: Hydroponics Aeroponics Aquaponics Soil-based Hybrid By Crop Type: Common crops Lettuce Chard Cabbage Kale Tomatoes Spinach Herbs Basil Mint Chives Parsley Microgreens By Technology: Controlled Environment Agriculture Dosing systems Sterilization Systems Chemical disinfection Lighting Fluorescent grow lights LED lighting Air control CO2 gassing Compressed CO2 The Internet of Things - IoT Sensors By Region: North America Europe Asia Pacific Middle East & Africa (MEA) South America Need a Detailed Walkthrough of the Report? Request a Live Session: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Dialight Celebrates Inauguration of New Penang Facility in Malaysia
New Site Unites Product Lines and Strengthens Global Growth Strategy in APAC PENANG, Malaysia, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Dialight (LSE: DIA), a global leader in industrial LED lighting and opto-electronic LED technology, proudly announces the official inauguration of its new manufacturing facility in Penang, Malaysia. The event, taking place on August 12, 2025, marks a significant milestone in the company's global growth strategy and its commitment to long-term investment in the Asia-Pacific region. A Media Snippet accompanying this announcement is available by clicking on this link. The new plant consolidates the production of Dialight's Solid State Lighting (SSL) and Optoelectronics (OE) product lines into a single, streamlined facility. By uniting operations, Dialight aims to harness synergies across both product groups to drive process improvements, operational efficiency, and enhanced service for its global customer base. 'This is more than just a new facility; it's a strategic hub for innovation, collaboration, and growth,' said Steve Blair, CEO of Dialight, who will be attending the event alongside Rizwan Ahmad, Chief Operating Officer, and key Malaysian government officials. 'Our presence in Penang is central to supporting our customers around the world, particularly in the growing APAC market.' The new facility reflects Dialight's commitment to sustainability and operational excellence, delivering a reduced environmental footprint while continuing to support customers with the highest standards of quality and reliability. The inauguration is set to host distinguished guests from the Malaysian state government, alongside representatives from Dialight's customer, supplier, and manufacturing partner networks. About Dialight Dialight is a global leader in industrial LED lighting and opto-electronic LED technology, with over 50 years of LED-only expertise. Media Contact: Parrot PR & Marketing press@ in to access your portfolio
Associated Press
5 days ago
- Business
- Associated Press
Dialight Celebrates Inauguration of New Penang Facility in Malaysia
PENANG, Malaysia, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Dialight (LSE: DIA), a global leader in industrial LED lighting and opto-electronic LED technology, proudly announces the official inauguration of its new manufacturing facility in Penang, Malaysia. The event, taking place on August 12, 2025, marks a significant milestone in the company's global growth strategy and its commitment to long-term investment in the Asia-Pacific region. A Media Snippet accompanying this announcement is available by clicking on this link. The new plant consolidates the production of Dialight's Solid State Lighting (SSL) and Optoelectronics (OE) product lines into a single, streamlined facility. By uniting operations, Dialight aims to harness synergies across both product groups to drive process improvements, operational efficiency, and enhanced service for its global customer base. 'This is more than just a new facility; it's a strategic hub for innovation, collaboration, and growth,' said Steve Blair, CEO of Dialight, who will be attending the event alongside Rizwan Ahmad, Chief Operating Officer, and key Malaysian government officials. 'Our presence in Penang is central to supporting our customers around the world, particularly in the growing APAC market.' The new facility reflects Dialight's commitment to sustainability and operational excellence, delivering a reduced environmental footprint while continuing to support customers with the highest standards of quality and reliability. The inauguration is set to host distinguished guests from the Malaysian state government, alongside representatives from Dialight's customer, supplier, and manufacturing partner networks. About Dialight Dialight is a global leader in industrial LED lighting and opto-electronic LED technology, with over 50 years of LED-only expertise. Media Contact: Parrot PR & Marketing [email protected]
Yahoo
23-07-2025
- Business
- Yahoo
LED Lighting, EV Charging Station, and Maintenance Solutions Provider Orion Hosts Q1 Investor Call Wed., Aug. 6th at 10am ET
MANITOWOC, Wis., July 23, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electrical vehicle charging station, and maintenance services solutions, will host a conference call and webcast to review its fiscal 2026 first quarter results on Wednesday, August 6, 2025 at 10:00 a.m. ET. Orion will release its results prior to the market's opening that morning. Webcast and Call Details Date / Time: Wednesday, August 6th at 10:00 a.m. ET Live Call Registration: Live call participants must pre-register using the URL above to receive the dial-in information. Anyone can re-register if they lose the dial-in or PIN #. Webcast & Replay: About Orion Energy Systems (at Orion provides energy efficient LED lighting and controls, electrical vehicle (EV) charging solutions, and electrical maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners. Orion is committed to helping customers achieve their business, financial and environmental goals with high quality, innovative and safe solutions delivered with high levels of customer service and reliability. Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at Engage with UsX: @OrionLighting and @OrionLightingIRStockTwits: @OESX_IR Investor Relations Contacts Per Brodin, CFO William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR pbrodin@ (212) 924-9800 or OESX@
Associated Press
16-07-2025
- Business
- Associated Press
E2 Lighting International Inc. Delivers Comprehensive Commercial LED Solutions for Diverse Applications
A broad range of commercial-grade LED fixtures addresses functional requirements across indoor and outdoor environments, supporting diverse industries and facility types. GRAPEVINE, TX / ACCESS Newswire / July 16, 2025 / E2 Lighting International Inc., a manufacturer and distributor of lighting systems since 2013, continues to support commercial and industrial facilities with an array of LED lighting solutions designed to meet various operational needs. The company's inventory spans indoor and outdoor lighting categories, including fixtures suited for new constructions and retrofit installations. LED lighting plays a central role in enhancing visibility, energy efficiency, and workplace usability. In commercial settings where operating conditions vary significantly, solutions must adapt to specific requirements. The availability of commercial outdoor LED lighting reflects growing attention to durability, adaptability, and reduced maintenance demands in high-traffic and open-air zones. E2 Lighting's indoor offerings include LED UFO high bay lights, commonly used in warehouses, educational institutions, airports, and retail centers. These lights are available in multiple wattages and smart sensor configurations, serving both general-purpose and task-oriented applications. Panel lights provide a flat, evenly distributed lighting solution and are available in dimmable formats and multiple color temperatures to suit varied indoor layouts. For spaces requiring linear configurations, LED strip linear fixtures offer lightweight construction and consistent illumination. These are often used in commercial ceilings, production lines, or corridors. Outdoor needs are addressed with outdoor LED light fixtures for commercialspaces, including LED floodlights designed with fin-style heat sinks to enhance heat dissipation and extend fixture life. Shoebox parking lot fixtures with adjustable mounting angles are also available for roadways and lots, offering weather-resistant performance. In moisture-prone or challenging environments, vapor-tight LED tri-proof fixtures serve as a dependable option. These lights are often used in food processing facilities, gas stations, and utility areas where protection against water and dust is required. For vertical surfaces, LED wall packs are available in both full-cutoff and non-cutoff formats. The former directs light downward, while the latter combines downward and forward light distribution. 'Lighting needs differ from one space to another,' said a company spokesperson. 'Our focus remains on offering a functional range of lighting products that respond to environmental and operational demands.' E2 Lighting serves a variety of commercial sectors, including municipal, recreational, and industrial facilities. By maintaining a stocked inventory and focusing on key lighting categories, the company aims to provide practical solutions without unnecessary delay or complexity. About E2 Lighting International Inc. E2 Lighting International Inc., founded in 2013, designs and distributes LED lighting systems for commercial, industrial, and specialized applications. With an emphasis on emergency-integrated fixtures, smart lighting solutions, and low blue-light emission products, the company supports energy-efficient and application-specific lighting strategies aligned with current industry standards. Contact InformationMichael Kwong +1 (469)-638-3592 SOURCE: E2 Lighting International Inc. press release
