Indoor Farming Market Overview
The industry overview gives thorough details about the size of the Market all the Market dynamics including strategies, Market revenue, pricing analysis, micro and macro Market trends and scenarios & Industry benchmarks. The region wise consumer preference, Market size & Industrial rivalry is also covered in detailed
Indoor Farming Market size is expected to grow at a CAGR of 11% during the forecast period and the market size is expected to reach nearly US$ 42.53 Billion by 2029.
Indoor Farming Market Report Scope and Research Methodology
The Indoor Farming Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Indoor Farming industry specialists, Market leaders, entrepreneurs and Marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Indoor Farming Market.
Dedicated study of the rivalry in the industry is covered, which includes Market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Indoor Farming Market engineering and calculations for Market statistics; Market size estimations, Market forecasts, Market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Indoor Farming Market size, the bottom-up approach was used.
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What are Indoor Farming Market Scope?
Competitive analysis of the Indoor Farming Market which gives insides to new players about sharks present in the Market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, Marketing tactics, alliances, and joint ventures. The Indoor Farming Market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & Market volatility.
The Indoor Farming Market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter’s Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the Market.
What are Indoor Farming Market Regional Insights?
The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the Market.
The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, Market followers and players in an easy illustration of various elements of the Market, presenting a future outlook with expected risks and trends in the Market. A competitive regional analysis of the Indoor Farming Market was conducted listing competitors in the Market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the Market structure and growth strategies of various players.
What is Indoor Farming Market Segmentation?
by Growing System
• Hydroponics
• Aeroponics
• Aquaponics
• Soil-based
• Hybrid
Aeroponics is a growing system that allows plants to be grown in a misty environment without the use of conventional media like soil. In containers filled with plant nutrients, the roots of the plants are inserted rather than the soil. These containers are ideal for oxygenation and hydration as they enable the plant to efficiently absorb nutrients, which contributes to faster development and culture. Aeroponics is thought to be the indoor agriculture of the future. The method permits more plants or seeds to be planted in a shorter amount of time than normal and allows for rapid plant development.
by Facility Type
• Greenhouses
• Vertical Farms
• Others
With a market share of more than 70% in 2021, the greenhouse facility type dominated the market by facility type. A closed structure made of transparent material, referred to as a greenhouse or hothouse, is used to grow plants, vegetables, and flowers. In greenhouses, the climate is controlled to increase both production quality and quantity. Additionally, greenhouses enable the production of higher yields than conventional farming techniques.
by Component
• Hardware
• Software
By Constituent, Since 2021, the hardware sector has dominated the market, and indoor farming’s contribution to environmental preservation is expected to continue this trend over the projection period. The category is further broken down into irrigation systems, sensors, lighting systems, and temperature systems that support indoor horticulture. As the system creates a plant-creating environment during the forecast period, the climate management system becomes the category with the fastest growth. The system regulates the indoor climate using devices including chillers, heaters, air conditioners, wetters, and air movement suppliers, among others.
by Crop Type
• Fruits, Vegetables, & Herbs
• Flowers & Ornamentals
• Others
By type of crop, In 2021, the market for indoor farming was dominated by the fruits, vegetables, and herbs segment. During the forecast period, this dominance is expected to persist. The growth of the segment is being driven by an increase in production of extensively cultivated fruits, vegetables, and herbs like tomato, lettuce, leafy greens, cucumber, bell peppers, and chilli peppers. Huge numbers of these plants are produced, and the agricultural production companies who cultivate them make the most money. Tomato is the largest cultivated crop in 2021 due to its rapid growth rate and its largest market share.
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Who are Indoor Farming Market Key Players?
• Richel Group (France)
• Netafim (Israel)
• LumiGrow (U.S.)
• Illumitex (U.S.)
• Hydrodynamics International (U.S.)
• Agrilution (Germany)
• Argus Control System Limited (Canada)
• Signify Holding (Netherlands)
• Everlight Electronics (China)
• Logiqs (Netherlands)
• American Hydroponics (US)
• Vertical Farm Systems (Australia)
• General Hydroponics (US)
• Heliospectra AB (Sweden)
Table of content for the Indoor Farming Market includes:
- Global Indoor Farming Market: Research Methodology
- Global Indoor Farming Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Indoor Farming Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Indoor Farming Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Indoor Farming Market Segmentation
- Global Indoor Farming Market, by Growing System(2022-2029)
- Global Indoor Farming Market, by Facility Type(2022-2029)
- Global Indoor Farming Market, by Component(2022-2029)
- Global Indoor Farming Market, by Crop Type (2022-2029)
- Regional Indoor Farming Market(2022-2029)
- Regional Indoor Farming Market, by Growing System(2022-2029)
- Regional Indoor Farming Market, by Facility Type(2022-2029)
- Regional Indoor Farming Market, by Component(2022-2029)
- Regional Indoor Farming Market, by Crop Type (2022-2029)
- Regional Indoor Farming Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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