Press release
Indoor Farming Technology Market 2018: Dynamic Development on Current Trends By Dominated Players Philips Lighting, Everlight Electronics, BJH Controls, ZI-ARGUS, Netafim, Lumigrow, Inc., Logiqs B.V., ILLUMITEX, INC And Others-Forecast 2025
Global Indoor Farming Technology Market
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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.
Key Market Competitors: Global Indoor Farming Technology Market
• Philips Lighting
• Everlight Electronics
• Argus Controls Systems
• Netafim
• Lumigrow
• 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,
• And many more.
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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.
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 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
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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
o Basil
o Herbs
o Tarragon
o Wheatgrass
• Flowers & Ornamentals
• Perennials Flowers
• Annuals Flowers
• Ornamentals
• Other Crops
By End-User
• Large enterprises
• Small and Medium Enterprises (SMEs)
By Geography
• North America
o S.
o Canada,
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia
o Philippines
o Rest of Asia Pacific
• South America
o Brazil
o Rest of South America
• Middle East & Africa
o South Africa
o Rest of MEA
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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