Global Indoor Farming Technology Market– Industry Trends and Forecast to 2025

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Global Indoor Farming Technology Market– Industry Trends and Forecast to 2025

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Global Indoor Farming Technology Market– Industry Trends and Forecast to 2025

Global Indoor Farming Technology Market, By Growing Methods (Hydroponics, Aeroponics, Soil-based, Aquaponics, Hybrid),  Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), Facility Type (Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture (DWC) Systems), Component (Hardware ,Software & Services) End-User (Large Enterprises, Small and Medium Enterprises (SMEs)), Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)– Industry Trends and Forecast to 2025

Market Analysis: Global Indoor Farming Technology Market

The indoor farming technology market was valued at USD 39.8 billion in 2017 and is expected to reach USD 41.0 billion in 2025, growing at a healthy CAGR of 9.6% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Indoor Farming Technology Market

Indoor farming technology is a method of growing crops or plants entirely inside the house using various technologies. This farming methodology includes growing system such as aeroponics, soil-based, aquaponics and hybrid technologies to provide artificial lights for growing plants with the nutrients. Indoor farming technology can be used in home and commercially on both small and large scales. This technology is being used to grow fruits & vegetables, herbs & microgreens flowers & ornamentals. The glass or poly greenhouses, container farms, indoor vertical farms and indoor deep water culture (DWC) systems are the facility type of indoor farming technology market. The increase in demand for fresh foods with high nutritive value, need for higher yields using limited space and water has led to the growth of indoor farming technology market. The Asia-Pacific region was projected to grow at the highest rate whereas the Americas and European region also contributed to global indoor farming technologies market in 2017. One of the major factors driving the growth of the indoor farming technology market is the lesser impact of changing weather conditions. 

Market Drivers:

  • Lesser impact of changing weather conditions
  • Improve yield of crops and reduce crop wastage
  • Rise in investment of overseas business lines in agricultural operations
  • Growth in demand for food, rapid urbanization, and increase in need for new productive soils

Market Restraint:

  • Lighting challenges compared with natural lighting
  • High initial investment for setup
  • Limitations on the type of crops that can be grown

Segmentation: Global Indoor Farming Technology Market

By Growing System

  • Aeroponics
  • Hydroponics
  • Aquaponics
  • Soil-Based
  • Hybrid

 By Component

  • Hardware
  • Climate Control Systems
  • Sensors
  • System Controls
  • Lighting Systems
  • Communication Systems
  • Irrigation Systems
  • Others
  • Software & Services

By Facility Type

  • Glass Or Poly Greenhouses
  • Container Farms
  • Indoor Vertical Farms
  • Indoor Deep Water Culture (DWC) Systems

By Crop Type

  • Fruits & Vegetables
  • Leafy Greens
  • Tomato
  • Strawberry
  • Eggplant
  • Others
  • Herbs & Microgreens
    • Basil
    • Herbs
    • Tarragon
    • Wheatgrass
  • Flowers & Ornamentals
  • Perennials Flowers
  • Annuals Flowers
  • Ornamentals
  • Other Crops

By End-User

  • Large enterprises
  • Small and Medium Enterprises (SMEs)

By Geography

  • North America
    • S.
    • Canada,
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Thailand
    • Malaysia
    • Indonesia
    • Philippines
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa
    • South Africa
    • Rest of MEA

 Competitive Landscape: Global Indoor Farming Technology Market

The global indoor farming technology market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia-Pacific, South America, and Middle East & Africa.

Key Market Competitors: Global Indoor Farming Technology Market

The key players operating in the global indoor farming technology market are –

  • Philips Lighting
  • Everlight Electronics
  • Argus Controls Systems
  • Netafim
  • Lumigrow

The other players in the market are Logiqs B.V., Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Certhon, Dalsem, Richel Group, American Hydroponics, Harnois Greenhouses, Richel Group, Urban Crop Solutions, Vertical Farm Systems, Agrilution GmbH, Green Sense Farms, American Hydro Phonics, and many more.

Research Methodology: Global Indoor Farming Technology Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis to know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the Report:

  • Historical and current market size and projection up to 2025
  • Market trends impacting the growth of the global indoor farming technology market
  • Analyze and forecast the indoor farming technology market on the basis of services, end-user, and services
  • Trends of key regional and country-level markets for processes, derivative and application
  • Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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