Indoor Farming Technology Market Projected to Grow at a CAGR of 9.19% During the Forecast Period | Leading Players: General Hydroponics, Netafim, Richel Group, LumiGrow, Illumitex, Agrilution
The Global Indoor Farming Technology Market is anticipated to grow at a CAGR of 9.19% during the forecast period. Vertical farming, greenhouse farming, and controlled environmental agriculture are all examples of indoor agricultural technologies. The multi-tier vertical farms and horizontal farms can be set up as indoor farming systems. A greenhouse farm is frequently used for the production of flowers and other items. Horticultural methods are improved with the use of controlled environmental agriculture.
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Recent Developments in the Global Indoor farming technology Market
➟In April 2021, Kalera, a fastest growing vertical farming company, announced that its Atlanta vertical farming facility, largest vertical farm in Southeastern United States - will produce lettuce heads over 10 million per year
➟In March 2021, AmplifiedAg, Inc introduced indoor vertical farming platform including hydroponics and seed to sale SaaS-based technology
➟In December 2020 Grov Technologies announced its collaboration with Amazon Web Services (AWS) to grow high density nutrient animal feed by applying cloud-based machine learning to robotic vertical indoor farming
➟In December 2020, &ever Singapore Pte Ltd, received funding for highly productive farming systems and will produce annually up to 500,000 kg of green leafy vegetables for Singapore consumers using dryponics method
Market Segments Overview
The Indoor Farming Technology Market is segmented by Growing Method which is sub categorised as Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid the market is further segmented as facility type which is sub segmented as Glass or Poly Greenhouse, Indoor Vertical Farm, Container Farm and Indoor DWC System, The Components Segment is classified as Hardware, Software and Services, The market segment crop type is classified as Fruits and Vegetables, Leafy Vegetables, Tomato, Strawberry, Eggplant and Others, Herbs and Microgreens, Flowers and Ornamentals, Others. Indoor vertical farming is expected to dominate the market during the analysis period. It consists of vertically stacked layers of plants with less space, low water usage, and a controlled environment using artificial lights, sensors, and irrigation systems to optimize plant growth.
Market Players Overview
This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors' challenges in gap analysis, and new opportunities that may be trending in the Green Technology and Sustainability market. Some are part of the coverage and are the core and emerging players being profiled General Hydroponics, Netafim, Richel Group, LumiGrow, Illumitex, Agrilution, Hydrodynamics International, Argus Control Systems Ltd, Signify Holding, Everlight Electronics, Vertical Farm Systems, EXDIN Solutions, Universal Pure, Heliospectra AB, and Philips Lighting
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☑ Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe)
☑ Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
☑ Middle East and Africa (UAE, Saudi Arabia, Qatar, & South Africa and Rest of Middle East and Africa)
☑ South America (Brazil, Argentina, Rest of South America)
Highlights Following Key Factors:
➟ Business description - A detailed description of the company's operations and business divisions.
➟ Corporate strategy - Analyst's summarization of the company's business strategy.
➟ SWOT Analysis - A detailed analysis of the company's strengths, weaknesses, opportunities, and threats.
➟ Company History - Progression of key events associated with the company.
➟ Major Products and Services - A list of major products, services, and brands of the company.
➟ Key Competitors - A list of key competitors to the company.
➟ Important Locations and Subsidiaries - A list and contact details of key locations and subsidiaries of the company.
➟ Detailed Financial Ratios for the past five years - The latest financial ratios are derived from the annual financial statements published by the company with 5 years of history.
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