Category

Indoor Farming Technology Market Size, Share, Opportunities And Trends By Type (Vertical Farming, Aeroponics, Hydroponics, Aquaponics), By Facility Type (Greenhouse, Vertical Farm, Container Farm), By Crop Type (Greens, Cannabis, Fruits, Herbs/Microgreens, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061612306 | Pages:  100

Indoor farming technology market is projected to grow at a CAGR of 11.21% to reach US$29.430 billion by 2024, from US$15.560 billion in 2018. Growing global population and corresponding decline in the availability of arable land is one of the major drivers of indoor farming technology market. Increasing demand for fresh and green vegetables and fruits produced in city environments with minimum space and less water utilization is also boosting the adoption of various indoor farming technology solutions worldwide. Indoor farming technologies allow farmers to have control over the environment which result in lower loss of crops as compared to that in case of conventional farming, thus positively impacting the growth of indoor farming technology market.       

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Indoor Farming Technology value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Indoor Farming Technology market.

Major industry players profiled as part of the report are Urban Crop Solutions, Illumitex Corporate, Signify Holding, Netafim, and Certhon among others.

Segmentation

The Indoor Farming Technology market has been analyzed through following segments:

By Type

Vertical Farming

Aeroponics

Hydroponics

Aquaponics

 

By Facility Type

Greenhouse

Vertical Farm

Container Farm

 

By Crop Type

Greens

Cannabis

Fruits

Herbs/Microgreens

Others

 

By Geography

North America

USA

Canada

Mexico

Others

 

 South America

Brazil

Others

 

 Europe

United Kingdom

Germany

France

Others

 

Middle East and Africa

Asia Pacific

China

Japan

India

Australia

Others


Frequently Asked Questions (FAQs)

Q1. What will be the indoor farming technology market size by 2024?
A1. Indoor Farming Technology market is projected to reach a market size of US$29.430 billion by 2024.
 
Q2. What are the growth prospects for indoor farming technology market?
A2. The indoor farming technology market is projected to grow at a CAGR of 11.21% over the forecast period.
 
Q3. What is the size of global indoor farming technology market?
A3. The global indoor farming technology market was valued at US$15.560 billion in 2018.
 
Q4. Who are the major players in the indoor farming technology market?
A4. Major industry players profiled as part of the indoor farming technology market report are Urban Crop Solutions, Illumitex Corporate, Signify Holding, Netafim, and Certhon among others.
 
Q5. What factors are anticipated to drive the indoor farming technology market growth?
A5. The growing global population and a corresponding decline in the availability of arable land is one of the major drivers of the indoor farming technology market.

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