Indoor Farming Technology Market

Global Indoor Farming Technology Market, By Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, and Hybrid), By Components (Hardware and Software and Services), By Facility Type (Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, and Indoor Deep Water Culture (DWC) Systems), By Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, and Cannabis), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2029

PMI40119 | Agriculture

Feb 2019 | 189 | PDF

Indoor farming is a method of growing crops and plants inside the house by utilization of artificial control of light, environmental control such as humidity, temperature, and gases and fertigation. Indoor farming is used to support local food supplies and provide fresh produce to the consumers in large cities on a large scale. Indoor farms produce large numbers of crops in a small area than that can be produced in outdoor farms.

Increasing demand for fresh foods with high nutritive value and higher yields using limited space and water is a key factor propelling growth of the   global indoor farming technology market. Growing population across the globe, coupled with increasing new technologies is expected to support growth of the target market. Traditional farming is based on natural climatic condition. Also, some crops are season specific as well as region specific. In order to overcome these problems the indoor farming technology is used which is boosting growth of the global market.  

The global indoor farming market has been segmented on the basis of growing system, components, facility type, crop type, and region.

On the basis of growing system of global indoor farming market the target market has been segmented into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. On the basis of components the target market has been segmented into hardware and software and services. On the basis of facility type the target market has been segmented into glass or poly greenhouses, container farms, indoor vertical farms, and indoor deep water culture (DWC) systems. On the basis of crop type the target market has been segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals, and cannabis.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe is expected to account major market share in terms of revenue as compared to that of other regions.

Key players operating in the global indoor farming market includes Philips Lighting B.V., Netafim Ltd., Argus Controls Systems Ltd., EVERLIGHT Electronics CO. Ltd., LumiGrow, Inc., Logiqs AS, Illumitex, Inc., Hydrodynamics International ltd., General Hydroponics Inc., Richel Group S.A., and agrilution GmbH.

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