Indoor Farming Technology Market to Boom USD 53.1 Billion Value by 2025 at a CAGR of 9.65% | Top Key Players – Philips, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems

The demand for Indoor Farming Technology Market 2019 is anticipated to be high for the next few years. By considering this demand we provide latest Indoor Farming Technology Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Global Indoor Farming Technology Market Overview:

The Global Indoor Farming Technology Market to reach USD 53.1 Billion by 2025. The Global Indoor Farming Technology Market 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 2018-2025.

According to the market report analysis, increasing 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 market over the forecast period of 2018-2025.

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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 market over the forecast period.

The Global Indoor Farming Technology Market is segmented based on Growing System, Facility Type, Component, Crop Type and Region. On the basis of market is classified into aeroponics, hydroponics, aquaponics, soil-based and hybrid of which hydroponics holds the largest market 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. Based on the Facility Type, the market is sub-segmented into 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, the market is sub-segmented into hardware and software & services. On the basis of Crop Type, the market is segmented into fruits & vegetables, herbs & microgreens, flowers & ornamentals and others.

As per the geographic analysis, APAC have occupied major share in the global Indoor Farming Technology market. The major reasons for the dominance of APAC are growth in the number of indoor farms in countries such as China and Japan. Whereas, APAC is expected to emerge as the fastest growing region in terms of market share. The growth of APAC region is witnessed owing to climate variations in this region.

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Major Key Players:

1 Philips Lighting

2 Everlight Electronics

3 Argus Controls Systems

4 Netafim

5 Lumigrow

6 Logiqs

7 Illumitex

8 Vertical Farm Systems and More…………….

Market segment by Regions/Countries, this report covers

1 North America

2 Europe

3 Asia Pacific

4 Latin America

5 Rest of the World

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This study answers to the below key questions:

1 What will the market size be in 2025 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Indoor Farming Technology Market.

Major Points in Table of Contents:

Global Indoor Farming Technology Market Report 2019

1 Global Indoor Farming Technology Market Definition and Scope

2 Research Methodology

3 Executive Summary

4 Global Indoor Farming Technology Market Dynamics

5 Global Indoor Farming Technology Market, By Growing system

6 Global Indoor Farming Technology Market, By Facility Type

7 Global Indoor Farming Technology Market, By Component

8 Global Indoor Farming Technology Market, By Crop Type

9 Global Indoor Farming Technology Market, by Regional Analysis

10 Competitive Intelligence

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