Indoor Farming Technology Market Competitive Landscape, Size, Demand, Research Methodology, Statistics and Industry Analysis Report by 2027

nikhil.morankar

The global Indoor Farming Technology market will be worth USD 62.67 Billion by 2027, according to a current analysis by Emergen Research. The rising incidence of chronic diseases among consumers has shifted their preferences towards high-quality organic food as they are more nutritious, healthier, and safer. Rapid urbanization in the emerging economies and the increasing purchasing power of the consumers is driving the growth of the indoor farming technology market. Growing initiatives to develop an independent farming technique having less impact on climate is anticipated to fuel the development of the indoor farming system.

Ability to manage the pH and nutrients with the help of hydroponics results in greater yield. Ease of operations and low installation cost has resulted in the increasing adoption of the hydroponics methods.

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Key Highlights From The Report

  • In March 2020, an expansion of collaboration between Signify and Planet Farms, an operator of vertical farms based in Italy, Europe. The collaboration is expected to boost the quality and yield of the crops with the help of the Philips GreenPower LED production.
  • The Hardware segment held the largest market share of 59.4% in 2019. The increasing need to protect the crops from severe climatic conditions and maintain optimum growth conditions is expected to drive the hardware solutions’ growth.
  • The Hydroponics segment held the largest market share of Indoor Farming Technology in 2019. Growing awareness regarding the adverse effects of pesticides among consumers has increased the adoption of the hydroponics method.
  • Key participants include Everlight Electronics, Philips Lighting, Netafim, Illumitex, Inc., Argus Control Systems, Logiqs B.V., Freight Farms, Signify, BrightFarms, and American Hydroponics, among others.

Emergen Research has segmented the global Indoor Farming Technology on the basis of Component, Facility Type, Growth Mechanisms, Crop Type, and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Software & Services (web-based, cloud-based)
    • Hardware (Lighting Systems, Irrigation Systems, Sensors, Climate Control Systems)
  • Facility Type Outlook (Revenue, USD Billion; 2017-2027)
    • Indoor Deep Water Culture (DWC) systems
    • Indoor vertical farms (Shipping Container, building-based)
    • Glass or poly greenhouses
  • Growth Mechanisms Outlook (Revenue, USD Billion; 2017-2027)
    • Aeroponics
    • Hydroponics
    • Aquaponics
    • Hybrid
    • Soil-based
  • Crop Type Outlook (Revenue, USD Billion; 2017-2027)
    • Herbs & microgreens
    • Fruits & Vegetables
    • Flower & ornamentals
    • Others

The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Indoor Farming Technology market is segmented into the following based on the key regions of the world:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Additional information offered by the report:

  • A complete overview of the global Indoor Farming Technology market.
  • Detailed examination of the various market dynamics, including drivers, opportunities, challenges, threats, constraints, and development prospects prevailing in the global market.
  • Diverse market trends observed on regional and global levels. The report also elaborates on the market size and shares governed by the major geographies, combined with aprecisegrowth forecast analysis, cost analysis, micro- and macro-economic indicators, and regulatory framework.
  • A vivid analysis of the company profiles of the key market contenders operating in the global Indoor Farming Technology market.
  • Extensive research & development assessment, and a detailed study of the growing demand for new products and the increasing application of the existing andnew products.

Table of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Indoor Farming Technology Market Segmentation & Impact Analysis
4.1. Indoor Farming Technology Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing global population coupled with rising demand for higher yields
4.2.2.2. Limited availability of arable land
4.2.2.3. Increasing demand for high quality organic food products
4.2.2.4. Changing climatic conditions
4.2.2.5. Increasing adoption of vertical farming
4.2.3. Market restraints analysis
4.2.3.1. High initial investments in the building of indoor farms
4.2.3.2. Limitations on the growing variety of crops
4.2.3.3. Lack of skilled agricultural workforce
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

CONTINUED…!

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