Indoor Farming Technology Market 2021 SWOT Analysis and Key Business Strategies by Leading Players - Philips Lighting, Illumitex, Hydrodynamics International, Logiqs, Netafim

The Latest report about theIndoor Farming Technologymarket provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Indoor Farming Technology market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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Indoor Farming Technology Market is projected to register a CAGR of 7.2% during the forecast period (2021-2026).

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:Vertical Farm Systems, General Hydroponics, Everlight Electronics, Lumigrow, Argus Controls Systems, Philips Lighting, Illumitex, Hydrodynamics International, Logiqs, Netafim

News and Updates

Companies are partnering with other companies to research and develop new production systems. For instance, In April 2021, Aerofarms had undergone a partnership with Hortifrut SA, a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully controlled vertical farms and indoor environments.

Market Overview

Soil-based indoor farming dominates the market among the various growing types in the indoor farming market. Its ability to enhance the harvesting cycle of the plants, when compared to traditional farming, is driving its market growth. By facility type, glass or play greenhouses occupy a larger value while indoor deep-water culture system is anticipated to witness the highest CAGR during the forecast period. There is an increase in the demand for sustainable food production in the Middle East, where achieving this is possible by adopting indoor vertical farming technologies in agriculture.

North America accounted for the largest market share in 2020. The United States is a major contributor to the share in the region, followed by Canada and Mexico. One of the primary reasons for indoor farming has been gaining significant traction because of its ability to produce more with fewer resources. For example, as per the United States Department of Agriculture (USDA), the average yield of conventional lettuce farming doubled by two folds, when cultivated through vertical farming. The indoor farming market in the Asia-Pacific region is growing rapidly, with the industry being benefitted from government policies.

The market for indoor farming is experiencing rapid growth, owing to the limited land use, water efficiency, and the benefits of controlled farming devoid of any climate change. The advent of indoor farming has also spurred concerns over the environmental impact of conventional farming practices globally. The Indoor Farming Market is segmented by Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-based, and Hybrid), Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems, and Other Facility Types), Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa)

Indoor Farming Technology Market Segmentation:

Breakdown Data by Type

Aeroponics

Hydroponics

Aquaponics

Soil-Based

Hybrid

Indoor Farming Technology Breakdown Data by Application

Hardware

Software & Services

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Indoor Farming Technology market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Indoor Farming Technology industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Indoor Farming Technology market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Indoor Farming Technology Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Indoor Farming Technology market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Indoor Farming Technology market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Indoor Farming Technology Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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