Press release
$41.0 billion Growth of Indoor farming technology market 2018: Industry Size, Drivers, Market Opportunities, Business Trends, Top Key Players and Forecast to 2025
Indoor farming technology market
The 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.
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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.
Key players: Global Indoor Farming Technology Market
• Philips Lighting
• Everlight Electronics
• Argus Controls Systems
• Netafim
• Lumigrow
The other players in the market are 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, American Hydro Phonics, and many more.
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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 (Basil, Herbs, Tarragon, Wheatgrass)
• Flowers & Ornamentals
• Perennials Flowers
• Annuals Flowers
• Ornamentals
• Other Crops
By End-User
• Large enterprises
• Small and Medium Enterprises (SMEs)
By Geography
• North America (Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
• Asia-Pacific (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
• South America (Brazil, Rest of South America)
• Middle East & Africa (South Africa, Rest of MEA)
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Market Drivers: Global Indoor Farming Technology Market
• 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
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.
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