logo
#

Latest news with #MarketsandMarkets™."

United States (USA) Control Valve Market worth $2.30 billion by 2029 - Exclusive Report by MarketsandMarkets™
United States (USA) Control Valve Market worth $2.30 billion by 2029 - Exclusive Report by MarketsandMarkets™

Yahoo

time24-04-2025

  • Business
  • Yahoo

United States (USA) Control Valve Market worth $2.30 billion by 2029 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 24, 2025 /PRNewswire/ -- The US Control Valve market is projected to grow from USD 1.75 billion in 2024 to USD 2.30 billion by 2029, it is expected to grow at a CAGR of 5.7% from 2024 to 2029 according to a new report by MarketsandMarkets™." The US market is fueled by its strong industrial base, particularly in oil and gas and energy. Rising shale oil discoveries and increasing rig counts are driving demand in the oil and gas sector, while modernization of aging water infrastructure and the reshoring of chemical manufacturing, supported by low energy costs, further accelerate market expansion. View detailed Table of Content here - Actuator Component to hold a significant market share in the year 2023. The actuator component is expected to hold a significant share of the US control valve market, driven by the increasing adoption of automation and smart control systems across industries. Actuators play a critical role in ensuring precise valve operation, enhancing process efficiency, and improving safety in sectors such as oil & gas, chemicals, and power generation. The growing shift toward electric and pneumatic actuators, due to their energy efficiency and advanced control capabilities, is further fueling demand. Additionally, the integration of IoT-enabled actuators for real-time monitoring and predictive maintenance is gaining traction, supporting market growth. As industries prioritize automation and reliability, actuators remain a vital component, contributing to the overall expansion of the control valve market. Download PDF Brochure: Rotary Valve segment to hold the largest market share in the year 2023. The rotary valve segment is set to dominate the US control valve market due to its widespread adoption in industries requiring efficient flow control and durability. The oil & gas sector, a major consumer, is driving demand as exploration, production, and pipeline expansions continue. Rotary valves are preferred for their ability to handle varying pressure conditions with minimal leakage, making them ideal for critical applications. Additionally, advancements in valve automation and smart monitoring systems are increasing their usage in refineries and processing plants. Their cost-effectiveness, longer operational life, and adaptability to high-demand environments position them as the leading choice, ensuring they capture the largest market share in the control valve industry. >6"-25" control valve to hold a significant market share in the year 2023. The >6"-25" size segment is expected to hold a significant share of the US control valve market, driven by its extensive use in industries requiring high-capacity flow control. This size range is widely adopted in oil & gas, power generation, and water & wastewater industries, where large pipelines and processing units demand efficient regulation of fluid and gas flow. The expansion of pipeline infrastructure, refinery upgrades, and increasing investments in power plants are fueling demand for these mid-to-large-sized valves. Additionally, the growing focus on modernizing aging water infrastructure and expanding chemical processing plants is further driving market growth. Inquiry Before Buying: Oil & Gas segment to record a significant CAGR during the forecast period. The US control valve industry in the oil & gas industry is witnessing significant CAGR during the forecast period, driven by increasing shale oil discoveries and rising rig counts. Expanding pipeline infrastructure, growing investments in refinery modernization, and stricter safety regulations are further boosting demand for advanced control valves. The push for automation and digitalization in upstream, midstream, and downstream operations is enhancing efficiency and reliability, accelerating market growth. Additionally, the rising adoption of smart control valves with IoT-enabled monitoring capabilities is improving operational performance and reducing downtime. With increasing energy demand and ongoing exploration activities, the need for high-performance control valves continues to surge, solidifying the oil & gas sector as the fastest-growing segment in the market. Key players operating in the US Control Valve companies include Emerson Electric Co. (US), Flowserve Corporation (US), Curtiss-Wright Corporation (US), SLB (US), Spirax Sarco Limited (US), Crane Company (US), and Others in the Control Valve market in the US. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio

United States (USA) Unmanned Surface Vehicles Market worth $362.4 million by 2028 - Exclusive Report by MarketsandMarkets™
United States (USA) Unmanned Surface Vehicles Market worth $362.4 million by 2028 - Exclusive Report by MarketsandMarkets™

Yahoo

time22-04-2025

  • Business
  • Yahoo

United States (USA) Unmanned Surface Vehicles Market worth $362.4 million by 2028 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 22, 2025 /PRNewswire/ -- The US Unmanned Surface Vehicles market is projected to reach USD 362.4 million by 2028 from an estimated USD 247.2 million in 2024, at a CAGR of 9.5% during the forecast period according to a new report by MarketsandMarkets™." The growth of the unmanned surface vehicle market can be attributed to the rising demand for USVs due to their reduced cost, increased functionalities, and payload capabilities. Additionally, rising incidence of terrorism, cross-border disputes, and conflicts have increased the need for enhanced border and maritime security worldwide. As a result, most countries are adopting unmanned systems to improve efficiency of their border and maritime patrolling operations. View detailed Table of Content here - The autonomous segment accounted for the largest share of the type segment in the US Unmanned Surface Vehicles market in 2023. Based on type, The US Unmanned Surface Vehicles market is segmented into autonomous and semi-autonomous. Autonomous surface vehicles do not require human operators. They are capable of self-driving if an operator does not step in. In these vehicles, missions are programmed by operators, but the execution is carried out by the vehicles without human intervention. Furthermore, there is an increasing demand for autonomous surface vehicles globally from the defense and commercial sectors. Download PDF Brochure: The defense segment to register highest growth by the application segment in the US Unmanned Surface Vehicles market in 2023. Based on application, The US Unmanned Surface Vehicles market is segmented into defense and commercial. USVs are widely used in defense applications to carry out intelligence, surveillance, and reconnaissance (ISR) activities, mine countermeasures, maritime security, and anti-submarine warfare, subject to their long endurance and persistent observation potential with reduced tactical and operational risks. In hazardous environments, such as minefields, areas with enemy presence, or chemical contamination, these vehicles are used to avoid endangering human lives. USVs can test other defense systems as they are stable, stealthy, fast, and highly maneuverable. They also have larger payload-carrying capacities than traditional systems. These vehicles can be equipped with stabilized weapons and electro-optical tracking systems to enable defense forces to carry out border monitoring during nighttime using infrared vision. Inquiry Before Buying: The large (7-14 meters) segment accounted for the largest share of the size segment in the US Unmanned Surface Vehicles market in 2023. Based on size, the US Unmanned Surface Vehicles industry is segmented into small (<3 meters), medium (3-7 meters), large (7-14 meters) and extra large (>14 meters). USVs with a length of 7–14 meters are considered large-sized. These vehicles are majorly used for mine countermeasures missions, anti-submarine warfare, and maritime shields. They can also be used for cargo supply and military operations. Large payload capacity, longer endurance, and better safety prospects and performance are key factors driving the demand for large-sized USVs. However, stringent regulations, high production costs, and the availability of low-cost substitutes can hinder the market growth for these USVs. North America and Europe have the highest spending on USVs due to their high defense budgets and increased demand from the defense forces (particularly the navies) in these regions. The report profiles key players in the US Unmanned Surface Vehicles companies such as L3 Harris Technologies, Inc. (US), Textron Inc. (US), Teledyne Technologies Incorporated (US), SeaRobotics Corp. (US), 5G International, Inc. (US), Liquid Robotics, Inc. (US), MARTAC (US), Ocean Aero (US), Deep Ocean Engineering, Inc. (US), Clearpath Robotics, Inc. (US) among others. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets

United States (USA) Artificial Intelligence in Manufacturing Market worth $6.08 billion by 2028 - Exclusive Report by MarketsandMarkets™
United States (USA) Artificial Intelligence in Manufacturing Market worth $6.08 billion by 2028 - Exclusive Report by MarketsandMarkets™

Yahoo

time21-04-2025

  • Business
  • Yahoo

United States (USA) Artificial Intelligence in Manufacturing Market worth $6.08 billion by 2028 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 21, 2025 /PRNewswire/ -- The US Artificial Intelligence in Manufacturing Market is expected to reach USD 6.08 billion by 2028, up from USD 0.92 billion in 2023, at a CAGR of 46.0% from 2023 to 2028 according to a new report by MarketsandMarkets™." The growth of Artificial Intelligence in the Manufacturing Market in the US can be attributed to the rapid adoption of industrial robots in manufacturing plants, which generate large volumes of data used to train machine learning algorithms, enhancing the capabilities of robots. Additionally, the US is a leader in adopting the Industrial Internet of Things (IIoT), which, along with computer vision and context-awareness computing technologies, facilitates smarter, more efficient manufacturing processes. These technological advancements, combined with the country's strong focus on innovation and digital transformation, contribute to the anticipated growth of AI in the manufacturing market in the US. View detailed Table of Content here - Hardware segment to grow with significant CAGR during the forecast period. The hardware segment of AI in the manufacturing market in the US is set to experience substantial growth, driven by the increasing demand for high-performance processors that can efficiently handle complex AI algorithms. This segment includes various components such as processors, memory, and network systems, with processors being categorized into microprocessor units (MPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), and application-specific integrated circuits (ASICs). Among these, GPUs are particularly expected to see rapid growth due to their exceptional parallel computing capabilities, which are essential for running AI-driven applications in manufacturing. As the industry continues to embrace AI technologies to optimize production, improve automation, and enhance data processing, the demand for advanced hardware solutions like GPUs, MPUs, and FPGAs is expected to rise, further fueling the market's expansion in the US. Download PDF Brochure: Computer vision technology segment to grow with significant CAGR during the forecast period. The computer vision segment within the AI in manufacturing market in the US is experiencing significant growth. This technology enables machines to analyze visual data, improving production processes by detecting defects, monitoring quality, and enhancing automation. In industries like automotive, electronics, and food & beverage, computer vision is used for quality inspections, defect detection, and ensuring precise assembly. It also supports predictive maintenance by identifying equipment issues early, reducing downtime. In the automotive sector, it plays a key role in part recognition and surface inspection. As AI and computer vision technology advance, their application in US manufacturing will continue to grow, driving greater efficiency, reducing costs, and improving production capabilities across various industries. Predictive maintenance & machinery inspection hold a significant market share in the AI in manufacturing market in the US. Predictive maintenance & machinery inspection hold a significant market share in the AI in manufacturing market in the US. AI systems analyze data from machinery and sensors to predict potential failures, allowing maintenance to be performed only when needed, thus reducing downtime and costs. In machinery inspection, AI detects defects and anomalies in real-time, improving quality control and reducing human error. This application is especially beneficial in industries such as automotive, aerospace, and energy, where equipment reliability is crucial. By enabling early issue detection, predictive maintenance & machinery inspection enhance operational efficiency, extend equipment life, and ensure smooth production. As AI continues to advance, these applications will remain central to manufacturing optimization in the US market. Inquiry Before Buying: Automotive industry holds a significant market share in the AI in manufacturing market in the US. The automotive industry holds a significant market share in the AI in manufacturing industry in the US. AI technology is widely used in automotive manufacturing for process automation, quality control, and predictive maintenance. AI-powered systems help detect defects, monitor assembly lines, and ensure that components meet required specifications. Computer vision and robotics are applied for tasks such as part recognition, defect detection, and precise assembly. Additionally, AI enables predictive maintenance by analyzing machinery data to forecast potential failures, minimizing downtime and reducing repair costs. As AI technology evolves, its integration into the US automotive industry will continue to enhance production efficiency, reduce costs, and improve overall manufacturing processes. The report profiles key players in US AI in manufacturing companies such as IBM, Intel Corporation, NVIDIA Corporation, General Electric Company, Google LLC, Microsoft, Micron Technology, Inc., Amazon Web Services, Inc. (AWS), Sight Machine, and others. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio

United States (USA) Precision Farming Market worth $3.42 billion by 2031 - Exclusive Report by MarketsandMarkets™
United States (USA) Precision Farming Market worth $3.42 billion by 2031 - Exclusive Report by MarketsandMarkets™

Yahoo

time16-04-2025

  • Business
  • Yahoo

United States (USA) Precision Farming Market worth $3.42 billion by 2031 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 16, 2025 /PRNewswire/ -- The US Precision Farming market is expected to reach USD 3.42 billion by 2031, up from USD 1.92 billion in 2023, at a CAGR of 7.5% from 2023 to 2031 according to a new report by MarketsandMarkets™." The US precision farming market has been experiencing consistent growth over the past few years on the back of improved productivity needs, shortage of manpower, and increasing focus on cost reduction and environmental conservation. The market is supported by the presence of large and well-established players like AGCO Corporation, Deere & Company, Caterpillar, and Ag Leader Technologies that keep developing advanced products based on agriculture technologies. View detailed Table of Content here - The increasing usage of sensor technologies, software platforms, and automation tools is driving market expansion as US farmers adopt digital approaches to better manage crops and resources. Additionally, organizations such as the American Society of Agricultural and Biological Engineers (ASABE) and the American Society of Agronomy (ASA) encourage the development of precision agriculture practices. Overall, the US precision farming market is likely to grow further, increasing its position in the global agricultural sector. Guidance technology segment to dominate the technology segment of the market during the forecast period. Guidance technology is a key aspect of the US precision farming market, enabling for precise navigation of farm equipment to improve efficiency and reduce waste. GPS/GNSS guidance devices help farmers maximize planting, fertilization, and pesticide treatment to ensure precise coverage and eliminate overlap. The technology enables farmers to monitor soil condition, crop health, and production patterns in real time, allowing them to make more accurate decisions. By combining guidance systems with auto-steering and variable rate application technologies, farmers can become more operationally effective, less labor-dependent, and environmentally friendly. The US market is witnessing an ever-growing demand for precision farming solutions as large-scale operations aim at optimizing productivity and cost-cutting. With continuous innovations in geospatial technologies, guidance-enabled precision farming is set to further enhance the US market, leading to greater yields and effective farm management in diversified agricultural fields. Download PDF Brochure: Weather tracking and forecasting segment to register the highest CAGR in the market during the forecast period. Weather tracking and forecasting constitute an essential application segment of the US precision farming industry, spurred by the increasing demand for real-time data-driven decision-making in agriculture. The segment uses cutting-edge technologies like weather stations, satellite imagery, sensors, and predictive analytics software to track major environmental parameters, such as temperature, humidity, precipitation, and solar radiation. These solutions enable farmers to optimize planting plans, irrigation cycles, and pest management strategies for higher crop yields and better resource utilization. Simple equipment like soil moisture sensors, UV sensors, and handheld weather probes are being integrated into precision farm systems to aid in proper weather analysis at the field. With unstable weather patterns impacting farm yields, farmers in the US are increasingly turning to these systems as a strategy to counter risk, diminish crop loss, and safeguard agricultural operations. Thus, the market for weather tracking and forecasting is expected to witness the fastest growth rate in the US precision farming market, to make it a strong player in enabling sustainable and resilient farm practice across the country. Inquiry Before Buying: Key Players The report profiles key players US precision farming companies in such as include Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Raven Industries, Inc. (US), AgJunction LLC (US), AG Leader Technology (US), AgEagle Aerial Systems Inc (US), Topcon (US), TeeJet Technologies (US), and Climate LLC (US). These players have adopted various organic and inorganic growth strategies such as product launches, agreements, partnerships, acquisitions, and collaborations to strengthen their position in the market. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio

United States (USA) Vertical Farming Market worth $2.55 billion by 2029 - Exclusive Report by MarketsandMarkets™
United States (USA) Vertical Farming Market worth $2.55 billion by 2029 - Exclusive Report by MarketsandMarkets™

Yahoo

time10-04-2025

  • Business
  • Yahoo

United States (USA) Vertical Farming Market worth $2.55 billion by 2029 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 10, 2025 /PRNewswire/ -- The US vertical farming market was valued at USD 1.11 billion in 2024 and is projected to reach USD 2.55 billion by 2029; it is expected to register a CAGR of 18.2% during the forecast period according to a new report by MarketsandMarkets™." Multiple factors drive the US vertical farming market such as decreasing arable land, increasing consumer demand for local pesticide-free produce, and improved hydroponic, aeroponic, and aquaponic technology capabilities. Moreover, rising investments in controlled environment agriculture (CEA) combined with increased adoption of automation and artificial intelligence in farming solutions further boost market growth. Furthermore, growing demand for climate-resilient farming systems and government backing for sustainable and urban farming projects further drive market expansion across the country. View detailed Table of Content here - Building-based vertical farms are likely to dominate the US vertical farming market between 2024 and 2029. Building-based vertical farms are expected to dominate the US vertical farming market because they can work in every site without environmental constraints thus benefitting cities and areas where fertile land availability is minimal. Vertical stacking in these farms creates efficient space utilization thus producing higher crop yields for each unit of area when compared to conventional farming methods. Building-based vertical farming maximizes its resource efficiency through automated systems along with AI-based climate control systems and precise water and nutrient distribution which leads to reduced waste. The combination of smart technology makes these facilities able to produce food throughout the year thus achieving food security targets and promoting sustainability efforts. The increasing need for local fresh produce across the country has made building-based vertical farms develop into the most practical and efficient approach for present-day agriculture. By Mechanism, aeroponics farming exhibits the highest CAGR between 2024 and 2029 in the US vertical farming market. Aeroponics farming is expected to exhibit the highest CAGR in the US vertical farming market because it provides higher productivity with fewer resources. Unlike hydroponics or soil, aeroponic farming nourishes plants with mist in the air. As a result, aeroponic farming has a better potential for faster growth, improved nutrient absorption, and maximum efficiency. One of its biggest advantages is water conservation this method uses, for instance, according to Atlas Scientific (US), aeroponic farming uses 98% less water than traditional farming and 30% less than hydroponic systems. Moreover, technological advancements in automation and AI-driven monitoring improve precision and scalability, which makes aeroponic farming an attractive advancement for agritech and urban farming in the country. Download PDF Brochure: Decreasing arable land due to the rise of urbanization and growing demand for local fresh produce to drive the market in the US. The US will dominate the vertical farming industry in North America because it possesses robust investment opportunities together with state-of-the-art farming technologies along with rising consumer preference for fresh locally cultivated products. The rise of urbanized populated areas along with depleted arable land fields has propelled the transition to vertical farming solutions for locations where traditional farming remains impossible. For instance, according to the US Department of Agriculture (USDA), the farm count in the US reached 1.88 million in 2024 after a decrease of 8% from the 2.04 million reported in the 2017 Census of Agriculture. Farmland acreage decreased to 876 million acres in 2024 representing a 3% reduction from 900 million acres since 2017. The limited availability of traditional agricultural land has led to vertical farming becoming more popular as this method allows food production in urban areas with improved efficiency and decreased dependence on environmentally sensitive land. Inquiry Before Buying: Key Players The key companies in the vertical farming companies include Signify Holding (Netherlands), Freight Farms (US), AeroFarms (US), Sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Everlight Electronics (Taiwan), and Heliospectra AB (Sweden). Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store