Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Global Indoor Farming Technology Market Overview

According to SPER Market Research, the Global Indoor Farming Technology Market is estimated to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.

Indoor farming is a modern agricultural practice that involves growing crops in controlled environments, such as warehouses, greenhouses, or containers, using artificial lighting and climate control systems. The main purpose of indoor farming is to increase crop yields, reduce water usage, and minimize the use of pesticides, herbicides, and fertilizers. This approach also enables year-round crop production and reduces the carbon footprint of transportation since crops can be grown closer to urban centre.

What challenges does the Global Indoor Farming Technology Market face?

The global indoor farming market also faces various challenges that hinder its widespread adoption and effectiveness. One significant challenge is the high cost of setting up and maintaining indoor farming facilities, which can limit their accessibility to small-scale farmers and developing countries. Indoor farming technology requires a significant amount of energy to operate, leading to high electricity bills, which can be a significant burden for farmers.

Scope of the Report:

Report Metric Details

Market size available for years 2019-2033

Base year considered 2022

Forecast period 2023-2033

Segments covered By Growing System, By Facility Type, By Component Type, By Crop Type

Regions covered North America, Europe, Asia Specific, Middle East and Africa, South America, Others.

Companies Covered Signify Holding, Everlight Electronics, Argus Control System, Lumigrow, Others.

Global Indoor Farming Technology Market Segmentation:

By Growing System: Based on the Growing System, Global Indoor Farming Technology Market is segmented as; Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid, Others.

By Facility Type: Based on the Facility Type, Global Indoor Farming Technology Market is segmented as; Glass or Poly Greenhouse, Indoor Vertical Farm, Container Farm, Indoor DWC System.

By Crop Type: Based on the Crop Type, Global Indoor Farming Technology is segmented as; Fruits & Vegetables, Herbs & Microgen, Flowers & Ornamentals, Others.

By Region: This report also provides the data for key regional segments of North America, Europe, Asia Specific, Middle East and Africa, South America, Others.

Product Code: AGRI2327

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Indoor Farming Technology Market

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Indoor Farming Technology Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Indoor Farming Technology Market

7. Global Indoor Farming Technology Market, By Growing System (USD Million)

7.1. Global Indoor Farming Technology Market Value Share and Forecast, By Growing System, 2023-2033
7.2. Hydroponics
7.3. Aeroponics
7.4. Aquaponics
7.5. Soil-based
7.6. Hybrid
7.7. Others

8. Global Indoor Farming Technology Market, By Facility Type (USD Million)

8.1. Global Indoor Farming Technology Market Value Share and Forecast, By Facility Type, 2023-2033
8.2. Glass or Poly Greenhouse
8.3. Indoor Vertical Farm
8.4. Container Farm
8.5. Indoor DWC System

9. Global Indoor Farming Technology Market, By Component (USD Million)

9.1. Global Indoor Farming Technology Market Value Share and Forecast, By Component, 2023-2033
9.2. Hardware
9.3. Software

10. Global Indoor Farming Technology Market, By Crop Type (USD Million)

10.1. Global Indoor Farming Technology Market Value Share and Forecast, By Region, 2023-2033
10.2. Fruits & Vegetables
10.3. Herbs & Microgen
10.4. Flowers & Ornamentals
10.5. Others

11. Global Indoor Farming Technology Market Forecast, 2019-2033 (USD Million)

11.1. Global Indoor Farming Technology Market Size and Market Share

12. Global Indoor Farming Technology Market, By Growing System, 2019-2023 (USD Million)

12.1. Global Indoor Farming Technology Market Size and Market Share By Growing System (2019-2026)
12.2. Global Indoor Farming Technology Market Size and Market Share By Growing System (2027-2033)

13. Global Indoor Farming Technology Market, By Facility Type, 2019-2023 (USD Million)

13.1. Global Indoor Farming Technology Market Size and Market Share By Facility Type (2019-2026)
13.2. Global Indoor Farming Technology Market Size and Market Share By Facility Type (2027-2033)

14. Global Indoor Farming Technology Market, By Component, 2019-2023 (USD Million)

14.1. Global Indoor Farming Technology Market Size and Market Share By Component (2019-2026)
14.2. Global Indoor Farming Technology Market Size and Market Share By Component (2027-2033)

15. Global Indoor Farming Technology Market, By Crop Type, 2019-2023 (USD Million)

15.1. Global Indoor Farming Technology Market Size and Market Share By Crop Type (2019-2026)
15.2. Global Indoor Farming Technology Market Size and Market Share By Crop Type (2027-2033)

16. Global Indoor Farming Technology Market, By Region, 2019-2023 (USD Million)

16.1. Global Indoor Farming Technology Market Size and Market Share By Region (2019-2026)
16.2. Global Indoor Farming Technology Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
- 16.3.1. Australia
- 16.3.2. China
- 16.3.3. India
- 16.3.4. Japan
- 16.3.5. South Korea
- 16.3.6. Rest of Asia-Pacific
16.4. Europe
- 16.4.1. France
- 16.4.2. Germany
- 16.4.3. Italy
- 16.4.4. Spain
- 16.4.5. United Kingdom
- 16.4.6. Rest of Europe
16.5. Middle East and Africa
- 16.5.1. Kingdom of Saudi Arabia
- 16.5.2. United Arab Emirates
- 16.5.3. Rest of Middle East & Africa
16.6. North America
- 16.6.1. Canada
- 16.6.2. Mexico
- 16.6.3. United States
16.7. Latin America
- 16.7.1. Argentina
- 16.7.2. Brazil
- 16.7.3. Rest of Latin America

17. Company Profile

17.1. Signify Holding
- 17.1.1. Company details
- 17.1.2. Financial outlook
- 17.1.3. Product summary
- 17.1.4. Recent developments
17.2. Everlight Electronics
- 17.2.1. Company details
- 17.2.2. Financial outlook
- 17.2.3. Product summary
- 17.2.4. Recent development
17.3. Argus Control System
- 17.3.1. Company details
- 17.3.2. Financial outlook
- 17.3.3. Product summary
- 17.3.4. Recent developments
17.4. Lumigrow
- 17.4.1. Company details
- 17.4.2. Financial outlook
- 17.4.3. Product summary
- 17.4.4. Recent developments
17.5. Others