Indoor Farming Technology Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2027

March 08 13:16 2021
The increasing awareness among consumers regarding the benefits of consuming high-quality and fresh organic food products is driving the demand of the market.

Indoor Farming Technology market will be worth USD 62.67 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be the rising demand for health-conscious consumers for high-quality and fresh organic foods. The rising incidence of chronic diseases among consumers has shifted their preferences towards high-quality organic food as they are more nutritious, healthier, and safer. Rapid urbanization in the emerging economies and the increasing purchasing power of the consumers is driving the growth of the indoor farming technology market.

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The report also includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. The report also provides profiles of key competitive players and their strategies and operating procedures. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period.

Key participants include Everlight Electronics, Philips Lighting, Netafim, Illumitex, Inc., Argus Control Systems, Logiqs B.V., Freight Farms, Signify, BrightFarms, and American Hydroponics, among others.

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Software & Services (web-based, cloud-based)
    • Hardware (Lighting Systems, Irrigation Systems, Sensors, Climate Control Systems)
  • Facility Type Outlook (Revenue, USD Billion; 2017-2027)
    • Indoor Deep Water Culture (DWC) systems
    • Indoor vertical farms (Shipping Container, building-based)
    • Glass or poly greenhouses
  • Growth Mechanisms Outlook (Revenue, USD Billion; 2017-2027)
    • Aeroponics
    • Hydroponics
    • Aquaponics
    • Hybrid
    • Soil-based
  • Crop Type Outlook (Revenue, USD Billion; 2017-2027)
    • Herbs & microgreens
    • Fruits & Vegetables
    • Flower & ornamentals
    • Others

The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the scarcity of arable lands in the densely populated countries of the region.

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Indoor Farming Technology Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Objectives of the Report:

  • Study of the global Indoor Farming Technology market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Indoor Farming Technology market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Indoor Farming Technology market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Indoor Farming Technology market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Indoor Farming Technology Market Segmentation & Impact Analysis

    4.1. Indoor Farming Technology Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing global population coupled with rising demand for higher yields

                    4.2.2.2. Limited availability of arable land

                    4.2.2.3. Increasing demand for high quality organic food products

                    4.2.2.4. Changing climatic conditions

                    4.2.2.5. Increasing adoption of vertical farming

          4.2.3. Market restraints analysis

                    4.2.3.1. High initial investments in the building of indoor farms

                    4.2.3.2. Limitations on the growing variety of crops

                    4.2.3.3. Lack of skilled agricultural workforce

                    4.2.3.4. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Indoor Farming Technology Market By Component Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Component Dynamics & Market Share, 2019 & 2027

          5.1.1. Software & Services (web-based, cloud-based)

          5.1.2. Hardware (Lighting Systems, Irrigation Systems, Sensors, Climate Control Systems)

Chapter 6. Indoor Farming Technology Market By Facility Type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. Facility Type Dynamics & Market Share, 2019 & 2027

          6.1.1. Indoor Deep Water Culture (DWC) systems

          6.1.2. Indoor vertical farms (Shipping Container, building-based)

          6.1.3. Glass or poly greenhouses

Chapter 7. Indoor Farming Technology Market By Growth Mechanisms Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    7.1. Growth Mechanisms Dynamics & Market Share, 2019 & 2027

          7.1.1. Aeroponics

          7.1.2. Hydroponics

          7.1.3. Aquaponics

          7.1.4. Hybrid

          7.1.5. Soil-based

Continue…!

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