Vertiv Holdings current price/book ratio as of July 04, 2025 is 18.27. Vertiv Holdings average price/book ratio for 2024 was 20.32, a 206.49% decline from 2023. Vertiv Holdings average price/book ratio for 2023 was 6.63, a 114.56% increase from 2022. Vertiv Holdings average price/book ratio for 2022 was 3.09, a 69.01% increase from 2021. Price/book ratio can be defined as

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by Hood River Capital Management LLC from Q2 2023 to Q3 2024

Variable Rate Technology (VRT) Market Outlook

The global Variable Rate Technology (VRT) market size was valued at approximately USD 3.5 billion in 2023 and is anticipated to reach USD 7.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period. This robust growth is driven by the increasing demand for precision agriculture practices, which are being adopted to enhance farm productivity and profitability. The integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and machine learning in agriculture contributes significantly to this upward trajectory, as they enable farmers to optimize input use, reduce waste, and enhance yields.

A significant growth factor for the VRT market is the escalating global population, which is expected to reach 9.7 billion by 2050. This population surge necessitates increased food production, motivating the agriculture sector to adopt innovative technologies such as VRT to meet rising food demands efficiently. Furthermore, the growing awareness among farmers about the benefits of precision farming techniques—driven by advancements in agricultural research and development—plays a pivotal role in accelerating the adoption of variable rate technologies. Governments and private organizations are investing heavily in agricultural technology solutions, offering subsidies and incentives that further propel the market's growth.

Environmental sustainability is another critical factor spurring the growth of the VRT market. As climate change and resource depletion become more pressing issues, there is a heightened focus on sustainable farming practices that use resources judiciously and minimize environmental impact. VRT provides farmers with the tools to apply inputs more precisely, reducing excess use of chemicals and fertilizers, thus promoting eco-friendly farming practices. Additionally, the increasing establishment of agricultural cooperatives and collective farming initiatives are encouraging small and medium-sized farmers to adopt VRT by lowering the entry barriers related to cost and technical expertise.

Technological advancements in agricultural equipment and machinery, along with the proliferation of smartphones and mobile applications, have made VRT more accessible and user-friendly for farmers. The integration of GPS and GIS technologies in modern farming equipment allows for precise mapping and data collection, enhancing decision-making processes. Moreover, the development of more affordable and scalable solutions for both hardware and software components of VRT is empowering farmers of all sizes to adopt these technologies. This democratization of technology is vital for bridging the gap between traditional farming methods and modern agricultural innovations.

Regionally, North America dominates the VRT market, driven by the widespread adoption of precision agriculture techniques and the presence of major agricultural technology companies. The United States, in particular, is at the forefront, with extensive farmlands and a high degree of technological integration in farming practices. Europe follows closely, with countries like Germany and France showing significant investments in agricultural research and technology. The Asia Pacific region is expected to witness the highest growth, supported by increasing government initiatives and a growing focus on food security amidst rapid population growth. Meanwhile, in Latin America, countries such as Brazil and Argentina are increasingly embracing VRT to enhance productivity and export capabilities.

Component Analysis

The Variable Rate Technology market can be segmented into three primary components: hardware, software, and services. Each of these components plays a vital role in the overall functionality and effectiveness of VRT systems, contributing to the precision and efficiency of farming operations. Hardware components, such as sensors, GPS systems, and variable rate applicators, form the backbone of VRT, enabling the precise measurement and application of inputs like seeds, fertilizers, and pesticides. These components are critical for executing precise farming techniques, and advancements in sensor technology and automation are expected to drive significant growth in this segment.

Software solutions in the VRT market are designed to process and analyze data collected by hardware components, facilitating informed decision-making for farmers. These software platforms often incorporate advanced algorithms and artificial intelligence to optimize input applications based on real-time field

Vertiv Holdings stock-based compensation for the twelve months ending March 31, 2025 was $0.089B, a 36.75% increase year-over-year. Vertiv Holdings annual stock-based compensation for 2024 was $0.035B, a 38.4% increase from 2023. Vertiv Holdings annual stock-based compensation for 2023 was $0.025B, a 1.21% increase from 2022. Vertiv Holdings annual stock-based compensation for 2022 was $0.025B, a 6.47% increase from 2021.

Farm Variable Rate Technology (VRT) Market Outlook

The global Farm Variable Rate Technology (VRT) market size was valued at USD 1.8 billion in 2023, with a projected growth to USD 4.5 billion by 2032, achieving a compound annual growth rate (CAGR) of 10.5%. This growth can be attributed to the increasing adoption of precision farming techniques, advancements in sensor technologies, and the growing need for efficient resource management in agriculture.

One of the primary growth factors driving the VRT market is the rising demand for higher crop yields and better productivity. As the global population continues to grow, the agricultural sector faces immense pressure to produce more food with limited resources. VRT enables farmers to optimize the use of inputs such as seeds, water, and fertilizers by applying them at variable rates that correspond to the specific needs of different areas within a field. This not only enhances crop yields but also reduces waste and environmental impact.

Technological advancements in sensors and data analytics are also propelling the growth of the VRT market. Modern farming equipment is increasingly being equipped with sensors that can collect real-time data on soil health, crop conditions, and weather patterns. This data is then analyzed using sophisticated algorithms to provide actionable insights to farmers. The integration of such technologies helps in making informed decisions, ultimately leading to more efficient farming practices and higher returns on investment.

Government initiatives and subsidies for precision farming are another significant factor contributing to market growth. Various governments around the world are recognizing the benefits of precision farming and are offering financial incentives to encourage its adoption. These initiatives not only help farmers invest in advanced VRT systems but also promote sustainable farming practices that can mitigate the adverse effects of climate change. Moreover, the increasing awareness among farmers about the long-term benefits of VRT is likely to further fuel market expansion.

Regionally, North America is expected to dominate the VRT market, followed by Europe and Asia-Pacific. The high adoption rate of advanced farming technologies in the United States and Canada, along with substantial investments in research and development, are key factors driving the market in North America. Europe is also expected to witness significant growth due to stringent environmental regulations and a focus on sustainable agriculture. In the Asia-Pacific region, countries like India and China are rapidly adopting VRT to address food security challenges and improve agricultural productivity.

Offering Analysis

The Farm Variable Rate Technology (VRT) market can be segmented by offering into hardware, software, and services. The hardware segment encompasses a variety of equipment such as sensors, GPS, and variable rate applicators. These devices are essential for collecting data and enabling precise application of inputs. The hardware segment is expected to witness significant growth due to the increasing adoption of advanced farming equipment and the continuous development of more sophisticated and reliable sensors.

The software segment includes farm management software, data analytics platforms, and decision-support systems. These tools help farmers analyze the data collected by hardware devices and make informed decisions. The software segment is projected to grow rapidly as the demand for data-driven farming practices increases. The integration of artificial intelligence and machine learning algorithms in farm management software is further enhancing its capabilities, making it an indispensable tool for modern farmers.

Services in the VRT market include consulting, installation, maintenance, and training. As the adoption of VRT continues to rise, the demand for these services is also expected to increase. Farmers require expert guidance to implement VRT systems effectively and maximize their benefits. Additionally, regular maintenance and updates are crucial to ensure the optimal performance of VRT equipment and software. The services segment is likely to see steady growth as more farmers seek professional assistance to navigate the complexities of VRT.

The hardware, software, and services segments are interdependent, and their collective growth is essential for the overall expansion of the VRT market. As technology continues to evolve, the lines between these segments may blur, with more integrated solutions being

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by Telemark Asset Management LLC from Q1 2024 to Q1 2025

Vertiv Holdings cash flow from operating activities for the twelve months ending March 31, 2025 was $3.033B, a 61.49% increase year-over-year. Vertiv Holdings annual cash flow from operating activities for 2024 was $1.319B, a 46.51% increase from 2023. Vertiv Holdings annual cash flow from operating activities for 2023 was $0.901B, a 689.33% decline from 2022. Vertiv Holdings annual cash flow from operating activities for 2022 was $-0.153B, a 172.45% decline from 2021.

Vertiv Holdings total current assets for the quarter ending March 31, 2025 were $5.462B, a 50.39% increase year-over-year. Vertiv Holdings total current assets for 2024 were $5.102B, a 27.5% increase from 2023. Vertiv Holdings total current assets for 2023 were $4.002B, a 26.68% increase from 2022. Vertiv Holdings total current assets for 2022 were $3.159B, a 17.05% increase from 2021.

According to Cognitive Market Research, the global Variable Rate Technology market size is USD 4315.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.50% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1726.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1294.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 992.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 215.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 86.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
The Soil Sensing VRT held the highest Variable Rate Technology market revenue share in 2024.

Market Dynamics of Variable Rate Technology Market

Key Drivers of Variable Rate Technology Market

Growing Demand for Precision Agriculture to Increase the Demand Globally

Precision agriculture is becoming increasingly in demand as farmers adopt techniques to increase yields, reduce environmental impact, and maximize resource efficiency. This change is mostly due to variable rate technology (VRT), which makes it possible to provide inputs like water, fertilizer, and insecticides to each field zone according to its requirements precisely. Farmers may enhance crop output, reduce waste, and optimize resource allocation using VRT. This customized strategy is essential to modern farming methods since it guarantees effective resource usage while improving agricultural sustainability.

Rising Input Costs to Propel Market Growth

Farmers are under increasing financial strain as the price of agricultural supplies like pesticides, fertilizers, and seeds keeps going up. A strategic approach that enables farmers to maximize input utilization by applying them precisely where and when needed is Variable Rate Technology (VRT). Through VRT, farmers can reduce waste and unnecessary input purchases, improving overall profitability and cost-effectiveness. This focused strategy ensures that resources are distributed effectively, optimizing their influence on agricultural yields while reducing wasteful spending. As a result, VRT helps farmers remain profitable in a market that is becoming increasingly competitive while also addressing the issue of growing input costs and encouraging sustainable agricultural practices.

Restraint Factors of Variable Rate Technology Market

High Initial Investment to Limit the Sales

Due to the large initial investment needed for equipment, software, and knowledge, farmers, particularly those operating on a smaller scale, need help adopting Variable Rate Technology (VRT). Due to this cost hurdle, some farmers are frequently unable to reap the rewards of precision agriculture. Even though VRT offers long-term cost reductions and resource optimization, people with low capital resources may find the upfront fees unaffordable. Support systems like grants, subsidies, and cooperative programs are necessary to overcome this obstacle and encourage small-scale farmers to use VRT. Additionally, the emergence of more reasonably priced solutions catered to the needs of smaller businesses, along with technological improvements, can assist in decreasing the entry barrier and encourage wider adoption of precision agriculture practices.

Opportunity for Variable Rate Technology market

Rising Need for Precision Agriculture is Creating Opportunity for the Variable Rate Technology Market

The increasing focus on precision agriculture to optimize resource use and improve crop yields is generating significant opportunities in the Variable Rate Technology (VRT) market. VRT enables farmers to apply inputs such as fertilizers, pesticides, and seeds at variable rates across a field, based on data-driven insights, leading to better efficiency and sustainability. With growing concerns about environmental impact and input cost management, farmers and agribusinesses are turning to VRT a...

Gain in-depth insights into Agricultural Variable Rate Technology (VRT) Market Report from Market Research Intellect, valued at USD 3.5 billion in 2024, and projected to grow to USD 8.2 billion by 2033 with a CAGR of 10.3% from 2026 to 2033.

Vertiv Holdings total non-cash items for the twelve months ending March 31, 2025 were $1.676B, a 45.93% increase year-over-year. Vertiv Holdings annual total non-cash items for 2024 were $0.709B, a 89.88% increase from 2023. Vertiv Holdings annual total non-cash items for 2023 were $0.374B, a 69.97% increase from 2022. Vertiv Holdings annual total non-cash items for 2022 were $0.22B, a 20.25% decline from 2021.

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by LOCUST WOOD CAPITAL ADVISERS LLC from Q1 2020 to Q1 2025

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by KINGDON CAPITAL MANAGEMENT L L C from Q1 2020 to Q1 2024

North America Variable Rate Technology market size is USD 1726.08 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by COOPERMAN LEON G from Q3 2020 to Q1 2025

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Overview of the farm variable rate technologies market

Technavio’s market research analysts have predicted that the farm variable rate technologies market will register a CAGR of more than 11% by 2022. According to this market research and analysis, the rapidly increasing number of vendors offering VRT system will be one of the key factors fueling the market’s growth during the next few years. VRT offers a wide range of advantages for crop monitoring owing to the use of various tools including sensors, cameras, drones, and others. This has encouraged players to launch innovative VRT software and systems. For instance, companies such as Cropmetrics, RML AgTech, and Farmers Edge Precision Consulting are offering VRT systems for different purposes ranging from irrigation management to data management as well as enhancement of soil nutrients and productivity. As a result, with more vendors developing VRT solutions to meet the modern farming requirements, the VRT market is expected to witness continuous growth in the forthcoming years.

With the growing need for food meeting the environmental and ethical standards, vendors in the precision farming technologies market are focusing on offering precision farming technologies allowing farmers in optimum utilization of the inputs such as seeding, crop protection, irrigation, and fertilizing required for crop production. The introduction of variable rate precision agriculture equipment helps the farmers to gain minute details about the soil type and the required nutritional value. According to our farm VRT industry research analysis, the increased use of precision agriculture techniques will be one of the major trends gaining traction in the farm VRT systems market during the next few years.

Companies covered

With the presence of a considerable number of VRT manufacturers, this market appears to be moderately fragmented. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, this market research report on the farm variable rate technologies market will help clients identify new growth opportunities and design unique growth strategies.

This research report provides an analysis of various companies in this market including –

Ag Leader
AGCO
AgJunction
Deere and Company
Raven Industries
Trimble

Segmentation by technology and analysis of the farm variable rate technologies market

Map-based VRT
Sensor-based VRT

The map-based VRT technology segment accounted for the largest VRT technology market share during 2017. According to this precision farming market research report, the segment will account the maximum VRT technology market size throughout the forecast period.

Segmentation by geography and analysis of the farm variable rate technologies market

Americas
APAC
EMEA

Our analysts have estimated that during 2017, the Americas accounted for the maximum growth of the farm VRT market. According to the precision farming technologies market research report, this region will account for the maximum growth of this market during the next few years as well.

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Key questions answered in the report include

What will the market size and the growth rate be in 2022?
What are the key factors driving the global farm variable rate technologies market?
What are the key market trends impacting the growth of the global farm variable rate technologies market?
What are the challenges to market growth?
Who are the key vendors in the global farm variable rate technologies market?
What are the market opportunities and threats faced by the vendors in the global farm variable rate technologies market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global farm variable rate technologies market?

Technavio also offers customization on reports based on specific client requirement.

Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for VRT held by OBERWEIS ASSET MANAGEMENT INC from Q2 2023 to Q4 2024

jats:pFlower development is a major determinant of yield in crops. In wheat, natural variation for the size of spikelet and floral organs is particularly evident in jats:italicTriticum polonicum/jats:italic, a tetraploid subspecies of wheat with long glumes, lemmas, and grains. Using map-based cloning, we identified jats:italicVRT2/jats:italic, a MADS-box transcription factor belonging to the jats:italicSVP/jats:italic family, as the gene underlying the jats:italicP1/jats:italic locus. The causal jats:italicP1/jats:italic mutation is a sequence substitution in intron-1 that results in both increased and ectopic expression of the jats:italicT. polonicum VRT-A2/jats:italic allele. Based on allelic variation studies, we propose that the intron-1 mutation in jats:italicVRT-A2/jats:italic is the unique jats:italicT. polonicum/jats:italic species defining polymorphism, which was later introduced into hexaploid wheat via natural hybridizations. Near-isogenic lines differing for the jats:italicT. polonicum/jats:italic long-glume (jats:italicP1/jats:italic) locus revealed a gradient effect of jats:italicP1/jats:italic across florets. Transgenic lines of hexaploid wheat carrying the jats:italicT. polonicum VRT-A2/jats:italic allele show that expression levels of jats:italicVRT-A2/jats:italic are highly correlated with spike, glume, grain, and floral organ length. These results highlight how changes in expression profiles, through variation in jats:italiccis/jats:italic-regulation, can impact on agronomic traits in a dosage-dependent manner in polyploid crops./jats:p

Europe Variable Rate Technology market size is USD 1294.56 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

Vertiv Holdings inventory for the quarter ending March 31, 2025 was $1.384B, a 40.16% increase year-over-year. Vertiv Holdings inventory for 2024 was $1.244B, a 40.72% increase from 2023. Vertiv Holdings inventory for 2023 was $0.884B, a 7.58% increase from 2022. Vertiv Holdings inventory for 2022 was $0.822B, a 33.38% increase from 2021.