Indoor Farming Technology Market | Research Insights 2022-28

The global indoor farming technology market size was valued at USD 16,100.2 million in 2021 and is growing at a CAGR of 10.2% during the forecast period 2022 to 2028. Large-scale indoor plant cultivation is referred to as indoor farming because the crops are not exposed to the outside environment. Consequently, farming practices typically incorporate hydroponics techniques, and crops are fed artificial light for nutrition. The most common indoor plant species are of fruits, herbs, and vegetables. Indoor farms can be set up in a space as small as a basement and can be run on a vast scale. Certain indoor farms that are run in greenhouses are capable of combining the use of both natural and artificial resources. Because no fungicides or pesticides are used in indoor farming, the food is safer and healthier.

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Indoor Farming Technology Market Growth Factors:
One of the main causes driving the expansion of indoor farming is the lack of available land for farming around the world. Farmers are opening indoor facilities nearer to these urban regions as the world's population continues to grow and urbanize, resulting in a local, reliable, and sustainable year-round food supply. Also, the growing frequency of floods, droughts, and other natural disasters around the world has sparked worries about food security. In turn, this has led to an increase in indoor agriculture in these nations. Also, the market demand for indoor farming has been fueled by high-tech, completely automated, and semi-controlled greenhouse facilities in rural areas and ecologically friendly farming practices. This market has expanded as a result of the expansion of technology innovations in agricultural sensors, monitoring, and controlling devices for each aspect of production. Also, by eliminating chemical pesticides from the food production process, this method increases the production of organic yields, which are currently in high demand from consumers.

indoor farming technology market segmentation:
1) By Growing System: Hydroponics, Aeroponics, Aquaponics, Hybrid, Soil-based.
2) By Facility Type: Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, Indoor Deep-Water Culture (DWC) Systems.
3) By Component: Hardware, Software & Services.
4) By Crop Type: Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others.

Indoor Farming Technology Market Regional Analysis:
Due to the increased participation of international business lines in agriculture activities to solely meet the expectations of crop producers to achieve export-quality crops, the Asia-Pacific region currently dominates the market for indoor farming technology and will continue to flourish its trend of dominance during the forecast period. Also, old agricultural methods are being replaced by more contemporary and inventive ones throughout the Asia-Pacific region.

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Key players in the indoor farming technology market Everlight Electronics (China), Argus Control Systems (Canada), Lumigrow (US), Netafim (Israel), Logiqs (Netherlands), Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (US), Heliospectra AB (Sweden), Harwood Engineering Company, Inc. (US), Nexthpp (US), Universal Pure (US), American Pasteurization Company (US). Tungsram Operations Kft. (Hungary)

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