MarketsandMarkets Presents Indoor Farming Technology Market by Crop Type & Growing System - Global Forecast 2022

The report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), and Region - Global Forecast to 2022", The indoor farming technology market was valued at Billion in 2017, and is projected to reach USD Billion by 2022, at a CAGR of 9.65%. Indoor farming uses different growing systems and structures, from urban and small-scale farming to highly controlled and semi-automated systems; this results in the production of more than three-fold yield as compared to traditional farming, within the same area of land. One of the major factors driving the growth of the indoor farming technology market is the lesser impact of changing weather conditions. Indoor Farming Technology Market Browse 75 market data tables 37 figures 151 pages and in-depth TOC on “ Indoor Farming Technology Market” You can speak to our research expert to know more about this

The indoor farming technology market, based on growing system, has been segmented into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. Exposure to climatic changes, soil contamination, limited space in urban areas, and most importantly, low availability of water have resulted in a shortage of food production. The application of hydroponics growth mechanism helps to mitigate most of these risks and provides ample fresh produce. The indoor farming technology market, by facility type, has been segmented into glass or poly greenhouses, indoor vertical farms, container farms, and indoor deep water culture (DWC) systems. The glass or poly greenhouses segment dominated the market as the area under greenhouse cultivation is larger compared to indoor vertical farms in countries such as the US, China, and the Netherlands. The indoor farming technology market, by component, has been segmented into hardware and software & services. Climate control is crucial in indoor farming, as it creates an environment conducive to plant growth, thereby providing better quality products. To control the climate, hardware components such as climate control systems and lighting systems are essential. Other important hardware components are irrigation systems, sensors, and control systems.

The Asia Pacific region is projected to be the fastest-growing market for indoor farming technology over the next five years. This can be attributed to the increase in the number of indoor farms in countries such as China and Japan, and the climate variations in this region. High initial investments and limitations on types of crops that can be grown have been the major restraints for the market growth. The global market for indoor farming technology is dominated by large-scale players such as Philips Lighting (Netherlands), Netafim (Israel), Argus Controls Systems (Canada), EVERLIGHT Electronics (Taiwan), and LumiGrow (US). Logiqs (Netherlands), Illumitex (US), Vertical Farm Systems (Australia), Hydrodynamics International (US), General Hydroponics (US), Richel Group (France), and agrilution (Germany) are a few other key market players that also hold a significant share of the indoor farming technology market. Objectives of the report Determining and projecting the size of the indoor farming technology market with respect to its growing systems, facility types, components, crop types, and regional markets, over a five-year period ranging from 2017 to 2022 Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions Analyzing the demand-side factors on the basis of the following: Impact of macroeconomic and microeconomic factors on the market Shifts in demand patterns across different subsegments and regions

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