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Ventilation and Air Conditioning Market for Indoor Agriculture by Product, Type, and Geography - Forecast and Analysis 2021-2026

  • Published: Jun 2022
  • Pages: 120
  • SKU: IRTNTR70358
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The ventilation and air conditioning market share for indoor agriculture is expected to increase by USD 716.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.55%.

This ventilation and air conditioning market for indoor agriculture research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ventilation and air conditioning market segmentation for indoor agriculture by product (air conditioning equipment and ventilation equipment), type (new installation and retrofit), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The ventilation and air conditioning market for indoor agriculture report also offers information on several market vendors, including Agrowtek Inc., American Coolair Corp., Canarm Ltd., Data Aire Inc., Desert Aire, FlaktGroup Holding GmbH, Industries Harnois Inc., Ingersoll Rand Inc., KE Fibertec AS, Link4 Corp., Munters Group AB, Pinnacle Climate Technologies Inc., Resideo Technologies Inc., STULZ GmbH, Systemair AB, VFA Solutions BV, Dantherm Group AS, KCC Heating and Cooling, WOLTER VENTILATION Co. Ltd., and Ziehl-Abegg SE among others.

What will the Ventilation and Air Conditioning Market Size for Indoor Agriculture be During the Forecast Period?

Ventilation and Air Conditioning Market Size

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Ventilation and Air Conditioning Market for Indoor Agriculture: Key Drivers, Trends, and Challenges

The benefits offered by ventilation and air conditioning equipment in indoor agriculture is notably driving the ventilation and air conditioning market growth for indoor agriculture, although factors such as the high capital investment requirement and high operational cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ventilation and air conditioning industry for indoor agriculture. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ventilation and Air Conditioning Market Driver for Indoor Agriculture

The benefits offered by ventilation and air conditioning equipment in indoor agriculture is a key driving factor impacting the global ventilation and air conditioning market for indoor agriculture market growth. Indoor agricultural practices offer a large number of benefits that include improved yields and more crop per drop, i.e., more harvest per unit area of land and less water requirement for a given amount of harvest. Apart from this, the minimum use of agrochemicals (since the climate is controlled, which prevents the growth of pathogens, fungi, and bacteria) results in the efficient utilization of resources and low input costs. Thus, well-managed indoor farms increase the income of farmers. This is encouraging the use of indoor agriculture practices by farmers and propelling the demand for indoor agriculture equipment such as ventilation and air conditioning systems.

Key Ventilation and Air Conditioning Market Trend for Indoor Agriculture

The emerging trend of container farming is a key trend impacting the global ventilation and air conditioning market for indoor agriculture market growth. There is an emerging trend of using insulated shipping containers for climate-controlled farming, and this method is known as container farming. These insulated containers are custom-built for a wide variety of fruits and vegetables. Herbs and botanical products are used in the pharmaceutical, nutritional supplement, and flavor and fragrance sectors, which fuels the demand for container farming. Containers can be installed in buildings or their roofs and parking zones. Containers can also be used in supermarkets to enable the in-store harvesting of fruits and vegetables. The demand for container farming is expected to rise during the forecast period, which will subsequently support the adoption of ventilation and air conditioning equipment as container farming is a climate-controlled farming technique.

Key Ventilation and Air Conditioning Market Challenge for Indoor Agriculture

The high capital investment requirements and high operational costs will be major challenges negatively impacting the global ventilation and air conditioning market for indoor agriculture market growth. Indoor agriculture requires a considerable initial investment in land, civil structure, lighting, and climate control systems. Farm owners that own large swathes of arable land usually invest in indoor agriculture. It is because the owners of big farms earn large and regular revenues as multiple crops are grown on a big farm, which are harvested at frequent intervals. This helps big farmers manage the operational cost of indoor farms. At the same time, the owners of small farms usually harvest two crops a year. Thus, they face liquidity or cash flow issues. This hinders their ability to invest in indoor agriculture.

This ventilation and air conditioning market for indoor agriculture analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ventilation and air conditioning market for indoor agriculture as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ventilation and air conditioning market for indoor agriculture during the forecast period.

Who are the Major Ventilation and Air Conditioning Market Vendors for Indoor Agriculture?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Agrowtek Inc.
  • American Coolair Corp.
  • Canarm Ltd.
  • Data Aire Inc.
  • Desert Aire
  • FlaktGroup Holding GmbH
  • Industries Harnois Inc.
  • Ingersoll Rand Inc.
  • KE Fibertec AS
  • Link4 Corp.
  • Munters Group AB
  • Pinnacle Climate Technologies Inc.
  • Resideo Technologies Inc.
  • STULZ GmbH
  • Systemair AB
  • VFA Solutions BV
  • Dantherm Group AS
  • KCC Heating and Cooling
  • WOLTER VENTILATION Co. Ltd.
  • Ziehl-Abegg SE

 

This statistical study of the ventilation and air conditioning market for indoor agriculture encompasses successful business strategies deployed by the key vendors. The ventilation and air conditioning market for indoor agriculture is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Canarm Ltd. -  The company provides a wide range of livestock fans and ventilation which includes Breathe Right HRV, Dairy Curtain Control, Serco HVLS Fan, DC Industrial Fan Wall Control, Curtain or Panel Repair Service, and ClearVu Hinged Panel Systems.
  • Canarm Ltd. - Under the unified segment, the company offers products such as lightning and fans, HVAC/Commercial and agriculture and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ventilation and air conditioning market for indoor agriculture forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ventilation and Air Conditioning Market for Indoor Agriculture Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ventilation and air conditioning market for indoor agriculture, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ventilation and Air Conditioning Market for Indoor Agriculture?

Ventilation and Air Conditioning Market Market segmentation by region

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33% of the market's growth will originate from North America during the forecast period. The US is the key market for ventilation and air conditioning for indoor agriculture in North America. Market growth in this region will be slower than the growth of the market in other regions.

The availability of capital from Private Equity (PE) firms, angel investors, and banks in the US keeps the demand for the technologies used in indoor agriculture high. This will facilitate the ventilation and air conditioning market growth for indoor agriculture in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rising number of COVID-19 cases in North America resulted in the imposition of strict lockdowns in the region in 2020. This led to the temporary closure of major restaurant and food services outlets in the region. Compared with traditional crops, hydroponic crops produced through indoor farming need less water, soil, and pesticides. In addition, rather than relying on complex supply chains of traditional farming products, hydroponic fruits and vegetables are raised locally, thereby ensuring the high availability of food supplies. All these benefits will result in an increase in investments in indoor farming in 2020.

What are the Revenue-generating Product Segments in the Ventilation and Air Conditioning Market for Indoor Agriculture?

Ventilation and Air Conditioning Market Segmentation

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The ventilation and air conditioning market share growth for indoor agriculture by the air conditioning equipment segment will be significant during the forecast period. The increasing investment in vertical farming is driving the demand for air conditioning equipment for indoor agriculture. Most of the vertical farms grow green leafy vegetables that require high humidity at room temperature. This is made possible by air conditioning equipment. The US, Germany, France, the UAE, Israel, Singapore, Japan, South Korea, and China are among the largest markets for indoor vertical farming. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ventilation and air conditioning market size for indoor agriculture and actionable market insights on post COVID-19 impact on each segment.

 

Ventilation and Air Conditioning Market Scope for Indoor Agriculture

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.55%

Market growth 2022-2026

$ 716.26 million

Market structure

Fragmented

YoY growth (%)

10.98

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, United Arab Emirates, China, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agrowtek Inc., American Coolair Corp., Canarm Ltd., Data Aire Inc., Desert Aire, FlaktGroup Holding GmbH, Industries Harnois Inc., Ingersoll Rand Inc., KE Fibertec AS, Link4 Corp., Munters Group AB, Pinnacle Climate Technologies Inc., Resideo Technologies Inc., STULZ GmbH, Systemair AB, VFA Solutions BV, Dantherm Group AS, KCC Heating and Cooling, WOLTER VENTILATION Co. Ltd., and Ziehl-Abegg SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Ventilation and Air Conditioning Market for Indoor Agriculture Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ventilation and air conditioning market growth for indoor agriculture during the next five years
  • Precise estimation of the ventilation and air conditioning market size for indoor agriculture and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ventilation and air conditioning industry for indoor agriculture across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ventilation and air conditioning market vendors for indoor agriculture

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 5.3 Air conditioning equipment - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Air conditioning equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Air conditioning equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Air conditioning equipment - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Air conditioning equipment - Year-over-year growth 2021-2026 (%)
    • 5.4 Ventilation equipment - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Ventilation equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Ventilation equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Ventilation equipment - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Ventilation equipment - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 37: Market opportunity by Product ($ million)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 38: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 40: Chart on Comparison by Type
      • Exhibit 41: Data Table on Comparison by Type
    • 6.3 New installation - Market size and forecast 2021-2026
      • Exhibit 42: Chart on New installation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on New installation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on New installation - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on New installation - Year-over-year growth 2021-2026 (%)
    • 6.4 Retrofit - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Retrofit - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Retrofit - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Retrofit - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Retrofit - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 France - Market size and forecast 2021-2026
      • Exhibit 84: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 United Arab Emirates - Market size and forecast 2021-2026
      • Exhibit 92: Chart on United Arab Emirates - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on United Arab Emirates - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on United Arab Emirates - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on United Arab Emirates - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 Canarm Ltd.
              • Exhibit 103: Canarm Ltd. - Overview
              • Exhibit 104: Canarm Ltd. - Product / Service
              • Exhibit 105: Canarm Ltd. - Key offerings
            • 11.4 Data Aire Inc.
              • Exhibit 106: Data Aire Inc. - Overview
              • Exhibit 107: Data Aire Inc. - Product / Service
              • Exhibit 108: Data Aire Inc. - Key offerings
            • 11.5 FlaktGroup Holding GmbH
              • Exhibit 109: FlaktGroup Holding GmbH - Overview
              • Exhibit 110: FlaktGroup Holding GmbH - Product / Service
              • Exhibit 111: FlaktGroup Holding GmbH - Key offerings
            • 11.6 Industries Harnois Inc.
              • Exhibit 112: Industries Harnois Inc. - Overview
              • Exhibit 113: Industries Harnois Inc. - Product / Service
              • Exhibit 114: Industries Harnois Inc. - Key offerings
            • 11.7 Ingersoll Rand Inc.
              • Exhibit 115: Ingersoll Rand Inc. - Overview
              • Exhibit 116: Ingersoll Rand Inc. - Business segments
              • Exhibit 117: Ingersoll Rand Inc. - Key offerings
              • Exhibit 118: Ingersoll Rand Inc. - Segment focus
            • 11.8 Munters Group AB
              • Exhibit 119: Munters Group AB - Overview
              • Exhibit 120: Munters Group AB - Business segments
              • Exhibit 121: Munters Group AB - Key offerings
              • Exhibit 122: Munters Group AB - Segment focus
            • 11.9 Resideo Technologies Inc.
              • Exhibit 123: Resideo Technologies Inc. - Overview
              • Exhibit 124: Resideo Technologies Inc. - Business segments
              • Exhibit 125: Resideo Technologies Inc. - Key offerings
              • Exhibit 126: Resideo Technologies Inc. - Segment focus
            • 11.10 STULZ GmbH
              • Exhibit 127: STULZ GmbH - Overview
              • Exhibit 128: STULZ GmbH - Product / Service
              • Exhibit 129: STULZ GmbH - Key offerings
            • 11.11 Systemair AB
              • Exhibit 130: Systemair AB - Overview
              • Exhibit 131: Systemair AB - Business segments
              • Exhibit 132: Systemair AB - Key offerings
              • Exhibit 133: Systemair AB - Segment focus
            • 11.12 Ziehl-Abegg SE
              • Exhibit 134: Ziehl-Abegg SE - Overview
              • Exhibit 135: Ziehl-Abegg SE - Product / Service
              • Exhibit 136: Ziehl-Abegg SE - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 12.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Ventilation and Air Conditioning Market for Indoor Agriculture market growth will increase by $716.26 mn during 2022-2026.
              The ventilation and air conditioning market for indoor agriculture market is expected to grow at a CAGR of 11.55% during 2022-2026.
              Technavio has segmented the ventilation and air conditioning market for indoor agriculture market by product (Air conditioning equipment and Ventilation equipment) ,type (New installation and Retrofit) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Agrowtek Inc., American Coolair Corp., Canarm Ltd., Data Aire Inc., Desert Aire, FlaktGroup Holding GmbH, Industries Harnois Inc., Ingersoll Rand Inc., KE Fibertec AS, Link4 Corp., Munters Group AB, Pinnacle Climate Technologies Inc., Resideo Technologies Inc., STULZ GmbH, Systemair AB, VFA Solutions BV, Dantherm Group AS, KCC Heating and Cooling, WOLTER VENTILATION Co. Ltd., Ziehl-Abegg SE are a few of the key vendors in the ventilation and air conditioning market for indoor agriculture market.
              North America will register the highest growth rate of 33% among the other regions. Therefore, the ventilation and air conditioning market for indoor agriculture market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the ventilation and air conditioning market for indoor agriculture market growth are:
              • Benefits offered by ventilation and air conditioning equipment in indoor agriculture
              • Emerging trend of Container farming
              The ventilation and air conditioning market for indoor agriculture market vendors should focus on grabbing business opportunities from the air conditioning equipment segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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