Indoor Farming Technology Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Revenue Market Forecast to 2027
The global Indoor Farming Technology market will be worth USD 62.67 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be the rising demand for health-conscious consumers for high-quality and fresh organic foods. 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.
Report Objective:
The report offers a complete analysis of the
global Indoor Farming Technology market with details about each market player
including company profile, financial standing, global position, revenue
contribution, production and manufacturing capacity, business expansion plans,
and new product launches. Key players are strategizing various plans such as
M&A acquisition, partnerships, joint ventures, license agreement and
collaborations. Everlight Electronics,
Philips Lighting, Netafim, Illumitex, Inc., Argus Control
Systems, Logiqs B.V., Freight Farms, Signify, BrightFarms, and American
Hydroponics and others are some of the top companies profiled in the
report.
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Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Indoor Farming Technology market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Indoor Farming Technology market size
2.2 Latest Indoor Farming Technology market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Indoor Farming Technology market key players
3.2 Global Indoor Farming Technology size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Indoor Farming Technology market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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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
Key Findings 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.
Indoor vertical farms are forecasted to grow with the
fastest CAGR of 10.1% over the forecast period. The increasing demand for
health-conscious consumers for high-quality organic crops has increased the
adoption of indoor vertical farms.
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Additionally, the
report covers the analysis of the key players in the industry with a special
focus on their global position, financial status, and their recent
developments. Porter’s Five Forces Analysis and SWOT analysis have been covered
by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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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