Global Indoor Farming Technology Market Overview
Introduction:
Indoor farming is a method of growing crops and plants inside the house by utilization of artificial control of light, environmental control such as humidity, temperature, and gases and fertigation. Indoor farming is used to support local food supplies and provide fresh produce to the consumers in large cities on a large scale. Indoor farms produce large numbers of crops in a small area than that can be produced in outdoor farms. By using artificial intelligence and digital monitoring to mimic nature indoors by controlling and optimizing factors like climate, nutrients, and temperature. Various types of modern farming methods which are used nowadays are agribusiness, intensive farming, organic farming, and sustainable agriculture, etc. Farmers are now able to buy and sell their products in the world markets. The indoor farming technology market accounted for US$ 14.5 billion in 2020 and is estimated to be US$ 34.19 billion by 2030 and is anticipated to register a CAGR of 9.0%.
Global Indoor Farming Technology Market Dynamics
Rising demand for fresh foods
Increasing demand for fresh foods with high nutritive value and higher yields using limited space and water is a key factor propelling growth of the indoor farming technology market. Growing population across the globe, coupled with increasing new technologies is expected to support growth of the target market. Traditional farming is based on natural climatic condition. Also, some crops are season specific as well as region specific. In order to overcome these problems, the indoor farming technology is used which is boosting growth of the global market.
However, this type of farming technology is highly costly and requires a continuous maintenance are restraining factors of the target market.
Global Indoor Farming Technology Market Segmentation
The indoor farming technology market is segmented based on growing system, components, facility type, crop type, and region.
On the basis of growing system of global indoor farming market, the target market has been segmented into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. On the basis of components, the target market has been segmented into hardware and software and services. On the basis of facility type the target market has been segmented into glass or poly greenhouses, container farms, indoor vertical farms, and indoor deep-water culture (DWC) systems. On the basis of crop type the target market has been segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals, and cannabis.
Regional Insights:
The indoor farming technology market accounted for US$ 14.5 billion in 2020 and is estimated to be US$ 34.19 billion by 2030 and is anticipated to register a CAGR of 9.0%. On region the indoor farming technology market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to account major market share in terms of revenue as compared to that of other regions. North America is currently dominating the target marker due to R&D in farming, investments in agriculture, development in advanced technology etc. are driving the growth of the target market.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Growing System- Hydroponics, Aeroponics, Aquaponics, Soil-Based, and Hybrid By Components- Hardware, Software, and Services By Facility Type- Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, and Indoor Deep-Water Culture (DWC) Systems By Crop Type– Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, and Cannabis |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the indoor farming technology market report based on growing system, components, facility type, crop type, and region.
Indoor Farming technology Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
Global Indoor Farming Technology Market Key Players
The key players operating in the indoor farming technology market includes Philips Lighting B.V., Netafim Ltd., Argus Controls Systems Ltd., EVERLIGHT Electronics CO. Ltd., LumiGrow, Inc., Logiqs AS, Illumitex, Inc., Hydrodynamics International ltd., General Hydroponics Inc., Richel Group S.A., and agrilution GmbH.
Netafim Ltd.
Netafim, the global leader of sustainable precision irrigation solutions and agricultural projects, announced that they will launch several new products at EIMA, one of the premiere global agriculture events.
Global Indoor Farming Technology Market Company Profile
- Philips Lighting B.V
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Netafim Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Argus Controls Systems Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- EVERLIGHT Electronics CO. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LumiGrow, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Logiqs AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Illumitex, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydrodynamics International ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Hydroponics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Richel Group S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agrilution GmbH.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Indoor Farming Technology Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Indoor Farming Technology Strategies
- Key Questions this Study will Answer
- Market Snippet, By Growing System
- Market Snippet, By Components
- Market Snippet, By Facility Type
- Market Snippet, By Crop Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
Market Segmentation, By Growing System, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hydroponics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Aeroponics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Aquaponics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Soil-Based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Hybrid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
Market Segmentation, By Components, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hardware
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Software
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
Market Segmentation, By Facility Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Glass or Poly Greenhouses
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Container Farms
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Indoor Vertical Farms
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Indoor Deep-Water Culture (DWC) Systems
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
Market Segmentation, By Crop Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Fruits and Vegetables
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Herbs and Microgreens
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Flowers and Ornamentals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Cannabis
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Growing System, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Components, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Facility Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Crop Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Growing System, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Components, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Facility Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Crop Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Growing System, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Components, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Facility Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Crop Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Growing System, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Components, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Facility Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Crop Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Growing System, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Components, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Facility Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Crop Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Philips Lighting B.V
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Netafim Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Argus Controls Systems Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- EVERLIGHT Electronics CO. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LumiGrow, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Logiqs AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Illumitex, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hydrodynamics International ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Hydroponics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Richel Group S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agrilution GmbH.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Indoor Farming Technology Market report segments the market basis into growing system, components, facility type, crop type and region.
A key factor driving the worldwide indoor farming technology market is rising demand for fresh foods with high nutritive content and higher yields while using less space and water.
North America holds highest share in 2021.
The leading players operating in the Indoor Farming Technology Market includes Philips Lighting B.V., Netafim Ltd., Argus Controls Systems Ltd., EVERLIGHT Electronics CO. Ltd., LumiGrow, Inc., Logiqs AS, Illumitex, Inc., Hydrodynamics International ltd., General Hydroponics Inc., Richel Group S.A., and agrilution GmbH.