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 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 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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Indoor Farming Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe Middle East and Africa. The report includes a detailed explanation of market size, trends, competition adoption of technology region wise.
Indoor Farming Market Segmentation
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.
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 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.
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)
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Table Of content :
1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Indoor Farming Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2022
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Indoor Farming Market
3.4. Geographical Snapshot of the Indoor Farming Market, By Manufacturer share
4. Global Indoor Farming Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Indoor Farming Market
5. Supply Side and Demand Side Indicators
Key questions answered in the Indoor Farming Market are:
- What is Identity Verification?
- What are the global trends in the Indoor Farming Market?
- What was the Indoor Farming Total Market size in 2022?
- What is expected Indoor Farming Market size by 2029?
- Who held the largest market share in Indoor Farming Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- 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 segment with their sub-segments and Region
- 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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