Press release
Astonishing Growth Of Indoor Farming Technology Market By 2025 | Competitive Outlook By General Electric, Aerofarms, Agrilyst, American Hydroponics, Argus Control Systems, Autogrow Systems, CannaPro, Certhon, Everlight Electronics Co., Freight Farm
Astonishing Growth Of Indoor Farming Technology Market By 2025
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% forecast to 2025.
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The indoor farming technology market growth is majorly driven by factors such as the rise in the demand for food globally and increasing push from the government for the adoption of alternative agricultural practices. However, factors such as considerable investments to set-up an indoor farm and consequent profitability hamper the overall market growth. Moreover, the development of cost-efficient growing technologies for indoor farms are anticipated to create numerous opportunities for market growth.
Key Market Competitors: Indoor Farming Technology Market
Aerofarms,
Agrilyst,
American Hydroponics,
Argus Control Systems,
Autogrow Systems,
CannaPro,
Certhon,
Current by General Electric,
Everlight Electronics Co.,
Freight Farms,
GE Lighting,
General Hydroponics Inc.,
Illumitex
Logiqs B.V.
Lumigrow
Lumileds
Netafim
OSRAM GmbH
Priva Holding B.V.
Richel Group
Smart Cannabis Corp.
Signify N.V.
Tevatronic Ltd.
Vertical Farm System Pty Ltd.
Report Findings
1) Drivers
Increasing demand for fresh foods along with high nutrition value
Growing awareness regarding the benefits of indoor farming technology among end-users
2) Restraints
High initial investment requires for indoor farming technology could hamper the growth
3) Opportunities
The development of innovative technologies
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Key Segmentation: Indoor Farming Technology Market
The Global Indoor Farming Technology Market by Growing System
Hydroponics
Aquaponics
Aeroponics
Soil-based
Hybrid
The Global Indoor Farming Technology Market by Component Type
Hardware
Software
Services
The Global Indoor Farming Technology Market by Facility Type
Glass or Poly Greenhouses
Container Farms
Indoor Vertical Farms
Indoor Deep Water Culture System
The Global Indoor Farming Technology Market by Crop Type
Fruits & Vegetables
Herbs & Microgreens
Flowers & Ornamentals
Other Crop Types
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Table Of Contents Is Available Here | Get Free TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-indoor-farming-technology-market
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