openPR Logo
Press release

Indoor Farming Technology Market Estimated To Grow At A CAGR Of 5.2% By 2027| Philips Lighting, Everlight Electronics, Netafim, Lumigrow, Logiqs B.V., Vertical Farming, General Hydroponics

04-22-2020 10:06 AM CET | Energy & Environment

Press release from: Indoor Farming Technology Market

Indoor Farming Market 2020

Indoor Farming Market 2020

Recent research and the current scenario as well as future market potential of "Global Indoor Farming Technology Market 2020".

The Global Indoor Farming Technology market is estimated to grow at a CAGR of 5.2% during the forecast period from 2020-2027

Get Free Sample Report of Indoor Farming Technology Market @ https://decisionmarketreports.com/request-sample/1326931

Indoor farming is a method of growing crops usually on a large scale, entirely indoors. This method of agriculture often implements growing techniques such as hydroponics and uses artificial lights to provide crops with the nutrients and light levels re-quired for growth. A wide variety of crops can be grown indoors, but fruits, vegetables, and herbs are the most popular.

Drivers & Restraints

Less available arable land, growing demand for fresh & nutritious food, increasing adoption of protected cultivation and lesser impact of external weather conditions are some of the primary factors which are boosting the market for Indoor Farming Technology.

Due to the increasing population and urbanization, the land available for farming is continu-ously decreasing. Arable land per person is shrinking. It has dropped from 0.38 ha in 1970 to 0.23 ha in 2000, with a projected decline to 0.15 ha per person by 2050. Thus currently there is a need for higher yields using limited space and water, which is promoting the prac-tice of Indoor Farming which in turn is boosting the demand for Indoor Farming technology.

The high initial investment cost can be a restraint to the growth of Indoor Farming Technol-ogy Market globally.

Segment Analysis:

The Global Indoor Farming Technology Market report segments the market with the grow-ing system, by facility type, component, and crop type.

By growing system, the market can be segmented as Hydroponics, Aeroponics, Aquaponics, Hybrid, and Soil-based. Hydroponics is soil-less farming and is the leading segment in indoor farming category. Hydroponic farming is fast becoming a popular choice for many growers worldwide due to its more sustainable approach to resource usage than the conventional growing methods. Hydroponically grown crops require no herbicide or pesticide chemicals which significantly impact the environment and humans. Moreover, it uses less water and four times the amount of plants can be grown in the same space as traditional soil farming. Because of these advantages, there is a rising trend for Hydroponically growing systems, and this is estimated to continue during the forecast period.

Further, by component, the market includes Hardware and Software & Services. The Hard-ware segment is anticipated to grow at the highest rate during the forecast period. The Hardware segment comprises climate control systems, lighting, and irrigation systems. Cli-mate control system is the most critical technology in an indoor farming facility. It allows farmers to create an ideal environment for year-round production. Thus, the hardware segment is expected to boost the demand for Indoor Farming Technology in the forecast pe-riod.

Geographical Analysis

The market report segments geography as North America, Europe, Asia-Pacific, South America and Rest of the World. The European region accounts for the largest market owing to the high adoption of precision farming and protected agriculture in the region. Also, as a result of growing food demand, rapid urbanization and decrease in the productive land, In-door Farming is the most economically viable solution in this region.

Asia-Pacific is estimated to be the fastest growing region for Indoor farming Technology. The market for Indoor farming technology market has significant potential in Asia countries like China. Asian countries are more supportive of indoor farming as compared to other countries worldwide; various national policy initiatives and subsidies reflect it. China, Japan, and Singapore hold the majority of the share in Asia-Pacific Indoor Farming Technology Market.

Availability of less arable land in Singapore and Japan, backed by the strong R&D initiatives are the primary reason for the growth of Indoor Farming Technology Market. Taiwan is also a fast emerging market for Indoor Farming Technology in Asia.

Competitive Landscape

Some of the key players in the Global Indoor Farming Technology market includes, Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs B.V., Il-lumitex, Vertical Farm Systems, Hydrodynamics International and General Hydroponics.

Key market segments covered

By Growing System
Hydroponics
Aeroponics
Aquaponics
Hybrid
Soil-based

By Facility Type
Glass or Poly Greenhouses
Container Farms
Indoor Vertical Farms
Indoor Deep Water Culture (DWC) Systems

By Component
Hardware
Software & Services

By Crop Type
Fruits & Vegetables
Herbs & Microgreens
Flowers & Ornamentals
Others

By Region
Asia Pacific
Europe
North America
South America
Rest of the World

If You Want Additional Information Or Specific Requirement About Indoor Farming Technology Market @ https://decisionmarketreports.com/request-customization/1326931

Why purchase the report?
Visualize the composition of the Indoor Farming Technology market across each in-dication, in terms of growing system, facility type, component and crop type high-lighting the key commercial assets and players.
Identify commercial opportunities in Indoor Farming Technology market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Indoor Farming Technology market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Indoor Farming Technology market products of all major market players

Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

Contact Us :
Gasper James
304, S Jones Blvd,
Las Vegas,
NV 89107, USA
US Toll Free +1-866-605-1052
Email: sales@decisionmarketreports.com
Web: https://decisionmarketreports.com
Market Info 24/7

About Us :
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Indoor Farming Technology Market Estimated To Grow At A CAGR Of 5.2% By 2027| Philips Lighting, Everlight Electronics, Netafim, Lumigrow, Logiqs B.V., Vertical Farming, General Hydroponics here

News-ID: 2020044 • Views: 586

More Releases from Indoor Farming Technology Market

Indoor Farming Technology Market Recent Study Including Key Players, Application …
A recent market research report added to repository of Researchmoz is an in-depth analysis of Indoor Farming Technology Market. On the basis of historic growth analysis and current scenario of Indoor Farming Technology market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that

More Releases for Farm

Planning consent obtained for solar farm at West Beacon Farm
Planning consent has been granted by Charnwood Borough Council for a new solar farm at West Beacon Farm in Leicestershire, the home of the leading sustainable energy proponent Professor Tony Marmont. Since Professor Marmont and his late wife Angela moved there in 1969, West Beacon Farm has become synonymous with both sustainable energy generation and ecological improvement. The new solar farm maintains that tradition. It will be based on a
Farm Animal Healthcare Market
The report "Global Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and Region - Global Forecast to 2029". Global Farm Animal Healthcare market is projected to grow from US $15.6 Billion in 2019 to US$ XX Million by 2029. Rising incidence of food-borne zoonotic diseases is the major factor driving the
Peony Market Report 2018 Pivoines Capano, Warmerdam Paeonia, 3 Glaciers Farm, Ec …
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis of product type, application, end user and regional segmentation. The regional segment is further bifurcated on country level. All
Farm Tire Market Outlook Report 2025
The North America farm tires market features a highly fragmented competitive landscape. However the market features the presence of few well-established players having strong distribution networks. Also, these players have deeply penetrated into the farm tires market by introducing innovative and technologically advanced products. Companies are strengthening their position through mergers and acquisitions and continuously investing in research and development activities to come up with solutions to cater the customers’
Global Farm Tire Market Research Report 2017
Qyresearchreports include new market research report “Global Farm Tire Market Research Report 2017″ to its huge collection of research reports. The Farm Tire is the target of analysis presented in this research report which is a highly descriptive and insightful publication. It chalks out a detailed, all-inclusive, and logical perspective of the market, casing all crucial categories and their pieces, along with the aspects that have so far shown the potential
Grange Farm Dental Practice
Grange Farm Dental Practice is a dental practice based in Milton Keynes, which offers the latest techniques in Cosmetic & Restorative dentistry, teeth whitening and dental implants. They are proud of their experienced, friendly dental team who are always happy to help with all your enquiries. They believe your smile is one of your most valuable assets, which is why they are dedicated to help each of their patients look after