Indoor Farming Technology - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Indoor Farming Technology Market is accounted for $28.32 billion in 2018 and is expected to reach $76.34 billion by 2027 growing at a CAGR of 11.6% during the forecast period. Rise in demand for fresh foods with higher nutritive value and need for higher yields using limited space and water are the major factors propelling the market growth. However, factors such as limitations on the type of crops that can be grown and high initial investment for setup are hampering the market growth.
Indoor farming technology is a method of growing crops or plants entirely inside the house using various technologies. This farming methodology includes various growing system 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.
Based on the growing system, the hydroponics segment is going to have a lucrative growth during the forecast period as application of hydroponics growth mechanism provides ample fresh produce and helps to mitigate most of the risks of shortage of food production because of exposure to climatic changes, soil contamination, limited space in urban areas and most importantly, low availability of water. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing number of indoor farming activities in countries such as China and Japan, and the climate variations in this region.
Some of the key players profiled in the Indoor Farming Technology Market include Vertical Farm Systems, Richel Group, Philips Lighting, Netafim, Lumigrow, Logiqs, Illumitex, Hydrodynamics International, General Hydroponics, Everlight Electronics, Argus Controls Systems, American Hydroponics and Agrilution.
Facility Types Covered:
• Indoor Vertical Farms
• Indoor Deep Water Culture (DWC) Systems
• Glass or Poly Greenhouses
• Container Farms
Growing Systems Covered:
• Soil-Based
• Hydroponics
• Hybrid
• Aquaponics
• Aeroponics
Components Covered:
• Hardware
• Software & Services
• Integrated Systems
Crop Types Covered:
• Fruits & Vegetables
• Flowers & Ornamentals
• Herbs & Microgreens
• Medicinal Crops
• Other Crop Types
End Users Covered:
• Small and Medium Enterprises (SMEs)
• Large enterprises
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Indoor Farming Technology Market, By Facility Type
5.1 Introduction
5.2 Indoor Vertical Farms
5.3 Indoor Deep Water Culture (DWC) Systems
5.4 Glass or Poly Greenhouses
5.5 Container Farms
6 Global Indoor Farming Technology Market, By Growing System
6.1 Introduction
6.2 Soil-Based
6.3 Hydroponics
6.4 Hybrid
6.5 Aquaponics
6.6 Aeroponics
7 Global Indoor Farming Technology Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 System Controllers
7.2.2 Sensors
7.2.3 Monitoring Systems
7.2.4 Lighting Systems
7.2.5 Irrigation Systems
7.2.6 Communication Systems
7.2.7 Climate Control Systems
7.3 Software & Services
7.4 Integrated Systems
8 Global Indoor Farming Technology Market, By Crop Type
8.1 Introduction
8.2 Fruits & Vegetables
8.2.1 Leafy Greens
8.2.1.1 Spinach
8.2.1.2 Lettuce
8.2.1.3 Kale
8.2.2 Eggplant
8.2.3 Strawberry
8.2.4 Tomato
8.3 Flowers & Ornamentals
8.3.1 Annuals
8.3.2 Perennials
8.3.3 Ornamentals
8.4 Herbs & Microgreens
8.4.1 Wheatgrass
8.4.2 Tarragon
8.4.3 Herbs
8.4.4 Basil
8.5 Medicinal Crops
8.6 Other Crop Types
8.6.1 Cannabis
9 Global Indoor Farming Technology Market, By End User
9.1 Introduction
9.2 Small and Medium Enterprises (SMEs)
9.3 Large enterprises
10 Global Indoor Farming Technology Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Vertical Farm Systems
12.2 Richel Group
12.3 Philips Lighting
12.4 Netafim
12.5 Lumigrow
12.6 Logiqs
12.7 Illumitex
12.8 Hydrodynamics International
12.9 General Hydroponics
12.10 Everlight Electronics
12.11 Argus Controls Systems
12.12 American Hydroponics
12.13 Agrilution
List of Tables
1 Global Indoor Farming Technology Market Outlook, By Region (2017-2027) ($MN)
2 Global Indoor Farming Technology Market Outlook, By Facility Type (2017-2027) ($MN)
3 Global Indoor Farming Technology Market Outlook, By Indoor Vertical Farms (2017-2027) ($MN)
4 Global Indoor Farming Technology Market Outlook, By Indoor Deep Water Culture (DWC) Systems (2017-2027) ($MN)
5 Global Indoor Farming Technology Market Outlook, By Glass or Poly Greenhouses (2017-2027) ($MN)
6 Global Indoor Farming Technology Market Outlook, By Container Farms (2017-2027) ($MN)
7 Global Indoor Farming Technology Market Outlook, By Growing System (2017-2027) ($MN)
8 Global Indoor Farming Technology Market Outlook, By Soil-Based (2017-2027) ($MN)
9 Global Indoor Farming Technology Market Outlook, By Hydroponics (2017-2027) ($MN)
10 Global Indoor Farming Technology Market Outlook, By Hybrid (2017-2027) ($MN)
11 Global Indoor Farming Technology Market Outlook, By Aquaponics (2017-2027) ($MN)
12 Global Indoor Farming Technology Market Outlook, By Aeroponics (2017-2027) ($MN)
13 Global Indoor Farming Technology Market Outlook, By Component (2017-2027) ($MN)
14 Global Indoor Farming Technology Market Outlook, By Hardware (2017-2027) ($MN)
15 Global Indoor Farming Technology Market Outlook, By System Controllers (2017-2027) ($MN)
16 Global Indoor Farming Technology Market Outlook, By Sensors (2017-2027) ($MN)
17 Global Indoor Farming Technology Market Outlook, By Monitoring Systems (2017-2027) ($MN)
18 Global Indoor Farming Technology Market Outlook, By Lighting Systems (2017-2027) ($MN)
19 Global Indoor Farming Technology Market Outlook, By Irrigation Systems (2017-2027) ($MN)
20 Global Indoor Farming Technology Market Outlook, By Communication Systems (2017-2027) ($MN)
21 Global Indoor Farming Technology Market Outlook, By Climate Control Systems (2017-2027) ($MN)
22 Global Indoor Farming Technology Market Outlook, By Software & Services (2017-2027) ($MN)
23 Global Indoor Farming Technology Market Outlook, By Integrated Systems (2017-2027) ($MN)
24 Global Indoor Farming Technology Market Outlook, By Crop Type (2017-2027) ($MN)
25 Global Indoor Farming Technology Market Outlook, By Fruits & Vegetables (2017-2027) ($MN)
26 Global Indoor Farming Technology Market Outlook, By Leafy Greens (2017-2027) ($MN)
27 Global Indoor Farming Technology Market Outlook, By Eggplant (2017-2027) ($MN)
28 Global Indoor Farming Technology Market Outlook, By Strawberry (2017-2027) ($MN)
29 Global Indoor Farming Technology Market Outlook, By Tomato (2017-2027) ($MN)
30 Global Indoor Farming Technology Market Outlook, By Flowers & Ornamentals (2017-2027) ($MN)
31 Global Indoor Farming Technology Market Outlook, By Annuals (2017-2027) ($MN)
32 Global Indoor Farming Technology Market Outlook, By Perennials (2017-2027) ($MN)
33 Global Indoor Farming Technology Market Outlook, By Ornamentals (2017-2027) ($MN)
34 Global Indoor Farming Technology Market Outlook, By Herbs & Microgreens (2017-2027) ($MN)
35 Global Indoor Farming Technology Market Outlook, By Wheatgrass (2017-2027) ($MN)
36 Global Indoor Farming Technology Market Outlook, By Tarragon (2017-2027) ($MN)
37 Global Indoor Farming Technology Market Outlook, By Herbs (2017-2027) ($MN)
38 Global Indoor Farming Technology Market Outlook, By Basil (2017-2027) ($MN)
39 Global Indoor Farming Technology Market Outlook, By Medicinal Crops (2017-2027) ($MN)
40 Global Indoor Farming Technology Market Outlook, By Other Crop Types (2017-2027) ($MN)
41 Global Indoor Farming Technology Market Outlook, By Cannabis (2017-2027) ($MN)
42 Global Indoor Farming Technology Market Outlook, By End User (2017-2027) ($MN)
43 Global Indoor Farming Technology Market Outlook, By Small and Medium Enterprises (SMEs) (2017-2027) ($MN)
44 Global Indoor Farming Technology Market Outlook, By Large enterprises (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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