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Indoor Farming Technology Market worth $39.24 billion by 2030, growing at a CAGR of 9.49% - Exclusive Report by 360iResearch
Indoor Farming Technology Market | 360iResearch
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Indoor farming technology involves modern agricultural practices within controlled environments, using advanced methods such as hydroponics, aeroponics, and aquaponics to produce food sustainably and efficiently. This encompasses systems like greenhouses, vertical farms, and indoor hydroponic setups that use artificial lighting, climate control, and automation to optimize crop production. The technology addresses the need for sustainable practices amid urbanization and food security concerns as arable land becomes scarcer. Applications include growing vegetables, herbs, and certain fruits, with further adaptation for medicinal plants and exotic produce. End-use sectors comprise commercial agriculture for retail and wholesale markets, urban farming to supply fresh local produce, research institutions focused on plant growth and sustainable agriculture, and consumer products for home-based growing systems. Key growth factors include population growth and urbanization, technological advancements in LED lighting, IoT, and AI, and the impact of climate change and resource scarcity. Significant opportunities exist in adopting smart technology, investing in renewable energy solutions, and expanding urban farms to cater to health-conscious city dwellers. Challenges in this domain are high initial setup costs, substantial energy consumption, and the technical complexity of operations. Innovation areas include enhancing energy efficiency through research on low-energy lighting, developing autonomous farming systems to reduce labor costs, and exploring new crop varieties suited for indoor environments. The market is dynamic and evolving, driven by technological advancements and the need for sustainable urban living spaces, highlighting the need for strategic investments in innovation and sustainability to overcome current challenges and capitalize on growth opportunities.
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Market Segmentation & Coverage:
This research report categorizes the Indoor Farming Technology Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Climate Control Systems, Communication Systems, Irrigation Systems, Lighting Systems, Sensors, and System Controls.
Based on Growing Media, market is studied across Aeroponics, Aquaponics, Hydroponics, and Soil-Based.
Based on Facility Type, market is studied across Container Farms, Glass/Poly Greenhouses, Indoor Deep Water Culture Systems, and Indoor Vertical Farms.
Based on Crop, market is studied across Flowers & Ornamentals, Fruits & Vegetables, and Herbs & Microgreens. The Flowers & Ornamentals is further studied across Annuals, Ornamentals, and Perennials. The Fruits & Vegetables is further studied across Eggplant, Leafy Greens, Strawberry, and Tomato. The Herbs & Microgreens is further studied across Basil, Herbs, Tarragon, and Wheatgrass.
Based on End-User, market is studied across Commercial and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across Arizona, California, Florida, Indiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Texas, and Virginia. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Indoor Farming Technology Market, highlighting leading vendors and their innovative profiles. These include 80 Acres Farms, AeroFarms, LLC, Agritecture, LLC, Babylon Micro-Farms, Bluelab Corporation Limited, Bowery Farming Inc., BrightFarms, Inc., CubicFarm Systems Corp., Fotenix Limited, Freight Farms, Inc., Gardin, GP Solutions, Inc., Hydrofarm Holdings Group, Inc., HydroGarden Ltd., infarm - Indoor Urban Farming GmbH, Intelligent Growth Solutions Limited, Just Vertical Incorporated, Kalera Inc., LettUs Grow Ltd., Logiqs B.V., Metropolis Farms Canada, Mirai Group, OCS Overhead Conveyor System Ltd., Plenty Unlimited Inc., Richel Group, Signify N.V., Sky Greens, Spread Co., Ltd., The Scotts Miracle-Gro Company, TruLeaf, Urban Crop Solutions BV, and Voeks Inc..
Introducing ThinkMi Query: Revolutionizing Market Intelligence with AI-Powered Insights for the Indoor Farming Technology Market
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Indoor Farming Technology Market, by Component
7. Indoor Farming Technology Market, by Growing Media
8. Indoor Farming Technology Market, by Facility Type
9. Indoor Farming Technology Market, by Crop
10. Indoor Farming Technology Market, by End-User
11. Americas Indoor Farming Technology Market
12. Asia-Pacific Indoor Farming Technology Market
13. Europe, Middle East & Africa Indoor Farming Technology Market
14. Competitive Landscape
15. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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