Indoor Farming Technology Market Trends- Analysis Report | Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow

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.

Indoor farming is a method of growing crops or plants, usually on a large scale, entirely indoors. This method of farming often implements growing methods such as hydroponics and utilizes artificial lights to provide plants with the nutrients and light levels required for growth. A wide variety of plants can be grown indoors, but fruits, vegetables, and herbs are the most popular.
Indoor farming, often referred to as indoor gardening, can be used on both small and large scales, in home and commercially. However, indoor farming has a particular popularity in large cities where plots of land, in any size, are not readily available for growing and farming.

On a large scale, indoor farming is being used to help bolster local food supplies and provide fresh produce to communities in large cities. Many of these farms are vertical farms and can produce much more crops in a small area than can be produced in outdoor, soil-based farms. However, not all indoor farms are built on such a large scale. Some indoor farms can be created in an area as small as a basement and used by a single gardener to provide fresh produce for their home.

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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

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 cyber security as a service market for global, Europe, North America, Asia-Pacific, South America, and Middle East & Africa.

Indoor Farming Competitors:
• 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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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

Indoor Farming Market Segmentation:
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
…And More GET DETAILED TOC AT https://databridgemarketresearch.com/toc/?dbmr=global-indoor-farming-technology-market

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This release was published on openPR.