report details

Indoor farming technology market size study, by growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid) Facility type (glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems), Component (hardware and software & services), Crop Type (fruits & vegetables, herbs & microgreens, flowers & ornamentals and others)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global indoor farming technology Industry to reach USD 53.1 billion by 2025.

Global indoor farming technology Industry is valued approximately USD 25.40 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 9.65 % over the forecast period 2019-2025. Rising need for higher yields using limited water and space is key trend that are responsible for the wide adoption of indoor farming technology globally. Moreover, production of biopharmaceutical products offers lucrative growth opportunities for the global indoor farming Industry over the forecast period of 2019-2025.
Global indoor farming technology Industry is significantly driven by growing demand for fresh foods with higher nutritive value. According to the IIFT, a research conducted by Euromonitor International reveals that in 2016, global demand for fresh food increased by 3% in terms of volume. Also, Asia-Pacific and Middle East experienced the growth owing to the disposable budgets and growing population. In China, sales of fresh organics increased approximately 30% in 2016. In addition, broader availability of organic fresh foods through online companies, store-based retailers and direct sellers made it easier for consumer to adopt fresh organic foods. Thus, growing demand for fresh foods is likely to increase the demand for indoor farming considering availability of low space in developed countries. As a result, the demand & adoption of indoor farming technology would increase thereby, aiding the growth of the Industry over the forecast period. However, high initial investments and limitations on the types of crops that can be grown are the major factors that impede the growth of global indoor farming technology Industry.
On the basis of segmentation, the indoor farming technology Industry is segmented into growing system, facility type, component and crop type. The growing segment of global indoor farming technology Industry is classified into aeroponics, hydroponics, aquaponics, soil-based and hybrid of which hydroponics holds the largest Industry share in terms of revenue owing to application of hydroponics growth mechanism helps to mitigate most of risks such as limited space in urban areas and low availability of water and it provides ample fresh produce. The facility type segment includes glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems of which glass or poly greenhouses segment holds the leading position as area under greenhouse cultivation is larger as compared to indoor vertical farms. Based on component segment the Industry is segmented into hardware and software & services. On the basis of crop type segment, global indoor farming Industry is segmented into fruits & vegetables, herbs & microgreens, flowers & ornamentals and others.
The regional analysis of indoor farming technology Industry is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific have occupied major share in the global indoor farming technology Industry. The major reasons for the dominance of Asia-Pacific are growth in the number of indoor farms in countries such as China and Japan. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of Industry share. The growth of Asia-Pacific region is witnessed owing to climate variations in this region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

indoor farming technology Industry Share and Size by 2019-2025
Agriculture
indoor farming technology Market Segmentation:
By Growing system:
* Aeroponics
* Hydroponics
* Aquaponics
* Soil-Based
* Hybrid
By Facility Type:
* Glass or Poly Greenhouses
* Indoor Vertical Farms
* Container Farms
* Indoor Deep-Water Culture (DWC) systems
By Component:
* Hardware
- Climate Control Systems
- Lighting Systems
- Communication Systems
- Sensors
- System Controls
- Irrigation Systems
- Software & Services
* Equipment
By Crop Type:
* Fruits & Vegetables
- Leafy Greens
- Tomat -
- Strawberry
- Eggplant

* Herbs & Microgreens
- Basil
- Herbs
- Tarragon
- Wheatgrass
* Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
* Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in indoor farming technology Market are as follows:
Philips Lighting
Everlight Electronics
Argus Controls Systems
Netafim
Lumigrow
Logiqs
Illumitex
Vertical Farm Systems
Hydrodynamics International
General Hydroponics

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