Global Indoor Farming Technology Market is expected to reach $76.34 billion by 2027 growing at a CAGR 11.6% during 2018 to 2027.

Some of the key players profiled in the Indoor Farming Technology Market include Vertical Farm Systems, Richel Group, Philips Lighting, Netafim, General Hydroponics, Everlight Electronics, Argus Controls Systems, American Hydroponics and Agrilution.

Rise in demand for fresh foods with higher nutritive value and need for higher yields using limited space and water are the major factors propelling the market growth. However, factors such as limitations on the type of crops that can be grown and high initial investment for setup are hampering the market growth.

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Indoor farming technology is a method of growing crops or plants entirely inside the house using various technologies. This farming methodology includes various growing system to provide artificial lights for growing plants with the nutrients. Indoor farming technology can be used in home and commercially on both small and large scales.

Based on the growing system, the hydroponics segment is going to have a lucrative growth during the forecast period as application of hydroponics growth mechanism provides ample fresh produce and helps to mitigate most of the risks of shortage of food production because of exposure to climatic changes, soil contamination, limited space in urban areas and most importantly, low availability of water.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing number of indoor farming activities in countries such as China and Japan, and the climate variations in this region.

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Facility Types Covered:
• Indoor Vertical Farms
• Indoor Deep Water Culture (DWC) Systems
• Glass or Poly Greenhouses
• Container Farms

Growing Systems Covered:
• Soil-Based
• Hydroponics
• Hybrid
• Aquaponics
• Aeroponics

Components Covered:
• Hardware
• Software & Services
• Integrated Systems

Crop Types Covered:
• Fruits & Vegetables
• Flowers & Ornamentals
• Herbs & Microgreens
• Medicinal Crops
• Other Crop Types

End Users Covered:
• Small and Medium Enterprises (SMEs)
• Large enterprises

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88961305