Welcome to iGrow News, Your Source for the World of Indoor Vertical Farming
Indoor/Vertical Farms Set to Boom, LEDs Leading The Transition, Says Yole
The 2016 horticultural lighting market (i.e. system level) represented a business of about US$3.1 billion, representing approximately US$3.8 billion in 2017. But according to a recent report from market research firm Yole Développement, this market is set to grow rapidly at a 17.8% CAGR between 2016 and 2022, possibly reaching more than US$17 billion by 2027.
Philips Lighting Supports MiniCrops’ First Vertical Farm With GreenPower LED Lighting
MiniCrops is the flagship initiative of Vertical Future, a technology start-up aiming to improve health in cities. The MiniCrops initiative provides households, farm shops, catering companies and restaurants with locally distributed boxes of fresh produce, focusing on nutrition, price and sustainability.

