Indoor Farming Market Overview

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.

Indoor farming refers to the process of growing crops indoors in a controlled environment. According to the market in terms of the key players, the factors turning the market, and the factors hampering the growth, along with the competition present in the global indoor farming market. One of the significant reasons for the declining yield is that the cultivable land is contracting from year to year. Other reasons for minimum yield are unfavourable weather conditions, such as droughts, floods, soil erosion, and heavy utilization of pesticides, which have been declining the fertility of the soil, worldwide. The key reasons for maximizing crop yields are to feed the growing population and to meet the demand for food. The massive yield of better quality in the small regions might be accomplished by the application of advanced farming techniques, like indoor farming.

Indoor Farming Market

COVID-19 Impact Analysis on Indoor Farming Market

The COVID-19 pandemic has disrupted agricultural production and supply chains around the world, threatening access to agricultural labour and complicating international supply chains. With the threat of global viruses, increasing temperatures, and massive demand for feed, traditional farming is no longer sustainable. This is creating an opportunity for the indoor farming market and its growth as the demand for the production of nutritious and local food has increased during the period of COVID-19. There is growth in interest in indoor farming globally, with huge facilities already operating in Asia, the Middle East, and Europe, and new projects announced since the start of the COVID-19 outbreak. Although many industries are decreasing owing to COVID-19, indoor farming is flourishing as it meets the demand for locally produced vegetables, such as kale and lettuce.

Market Dynamics And Factors

Drivers:

Minute Impact of Fluctuating Climatic Conditions

Climate impacts all components of crop production, which includes cropping area and cropping intensity as well. Changes in the frequency and severity of droughts and floods could pose challenges for farmers and ranchers and threaten food safety leading to lower yields globally.

Higher CO2 levels can affect crop yields. The increasing CO2 levels can accelerate plant growth, it also minimizes the nutritional value of most food crops. According to some laboratory experiments, elevated CO2 levels can raise plant growth, nevertheless, other factors, including changing temperatures, ozone, and water and nutrient constraints, may counteract these potential increases in yield.  For instance, if the temperature exceeds a crop's optimal level, and if sufficient water and nutrients are not available, yield increases may be reduced or reversed.

When growing indoors, many indoor farmers have more control over the environment than they do when they are using traditional farming methods. Low amounts, nutrition levels, and moisture levels can all be managed by the farmer when they are growing crops solely indoors. Indoor farming has less impact on the environment leading to conservation of water, nutrients and helps in a large crop yield with a small footprint.

Restraints

High Initial Investments

Indoor farms have comparatively high start-up costs, and raising sufficient capital is one of the greatest challenges in this market. The principal factor affecting the cost of indoor farming is the amount of energy required to grow to produce and thus the economic cost of production. For large indoor farms, energy creates 25% of the total operating expenses and for small indoor farms, energy cost was 12% of the operating expenses. The warehouses involved in indoor farming relied on high LED lights to replace sunlight.

The high initial investment can also be attributed to the fact that air conditioners and heaters are used for temperature control in the place of natural air which is expensive and leads to high initial investments. The control system hardware used to monitor and regulate lighting, CO2 levels, nutrient reservoirs, plumbing is generally cost-prohibitive for small indoor farming operations and beginner farmers. Indoor farming is considered to be highly energy-intensive, as it demands the light and moisture or climate virtually. The electricity required to grow crops is further adding up the costs. Thereby, high initial investment costs have been restraining the global indoor farming market during the study period.

Opportunities:

The indoor farming technologies do not use GMOs, biosolids, or irradiation for crop production. The customers are willing to pay more for crops from indoor farming as the crops are grown locally and in a durable way have a higher level of food safety are better tasting and have a higher quality than crops from a greenhouse or conventional farms.

Indoor farming is considered a niche market and the master chefs around the world are getting interested in the products from indoor farms. Some of the companies, such as Grow company from Amsterdam are focusing on the production on the indoor farming market, to produce the greens for chefs, with a minimal time of harvest and with a customized. This customization with minimal time is turning out the best opportunity for market growth.

Market Segmentation

Global Indoor Farming Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;

Segmentation Insights

Based on Growing System, the aeroponics segment is dominating the market. Aeroponics is anticipated to be the fastest-growing segment in the global indoor farming market with a CAGR of 7.9% According to NASA, aeroponics systems can reduce water usage by 98%, fertilizer usage by 60%, and pesticide usage by 100%, all while maximizing crop yields. Numerous countries are incorporating aeroponics in their agriculture to produce low-cost certified disease-free organic crops, which in turn will be supplied to local farmers for their field plantings of seed and commercial crops. Therefore, due to rapid technological development transforming technologies such as are anticipated to be the fastest-growing segment.

Based on Facility Type, the glass or poly greenhouse segment accounted for the largest market during the forecast period. Glass or poly greenhouse is a transparent enclosed structure made of glass or polycarbonate. There are numerous advantages to applying greenhouse technology. For example, crops grown under such controlled conditions provide a yield that is 7 to 12 times higher than crops grown in the open.

Based on Crop Type, the fruits and vegetable segment are expected to dominate the market. Fruits and vegetables are the largest segments in 2020 by crop type, and they were valued at USD 5593.2 million in 2020. Due to the increasing health awareness, the demand for locally grown fruit and vegetables receives high demand from the retail chains. The rising food security concerns and sustainability of the farms have been driving the indoor farming of fruits and vegetables during the study period.

The Equipment segment of the global indoor farming market is slightly consolidated with major players holding a share of 54.9% of the market share and others hold 45.1% of the market share. Signify Holdings (Philips), Osram Gmbh, Everlight Electronics Co. Ltd, Hydro Farm, and Rufepa are some of the key players in the market studied. While the market share by yield is fragmented with various players.

Regional Insights

In the North American region, the US is the biggest market for hydroponics systems, gaining high popularity of greenhouse horticulture and agriculture in the country. A wide variety of crops such as leafy vegetables, herbs, vegetables, fruits, microgreens, and flowers are grown through indoor farming in the countries of North America. Indoor vertical farming systems have provided organic food that is not free from agrochemicals. These have formed the key turning forces for indoor vertical farming along with the growing consumer demand for pesticide- and herbicide-free food among the consumers of North America.

The indoor farming market in China was valued at around USD 638.1 million in 2020, and it is recording a high CAGR during the forecast period. Asia Pacific region is projected to rise at the highest rate as the demand for indoor farming technology has risen in this region. The region has been shifting towards technological and innovative methods from conventional agriculture. China, Japan, Singapore are technologically advanced countries.

In Europe, end-user appreciation of technology in agriculture has propelled the popularity of indoor farming technology is witnessed the growth of the market in coming years. The market is projected to expand in Latin America as the consumer demand for organic foods is being complemented by rising disposal incomes and a growing populace.

South Africa is projected to account for the largest market and dominates the Middle East and Africa region for the vertical farming market owing to limited availability of land for agriculture as the region is a desert area. Furthermore, UAE is a technologically advanced country that is expected to grow over the forecast period.

Players Covered in Indoor Farming Market are:

Key Industry Developments

  • In August 2019, LumiGrow Inc. introduced a new TopLight Hybrid smart fixture. The hybrids will allow users to benefit from the enriched white spectrum, which is wireless and can be controlled via the SmartPAR software of the company.
  • In April 2019, the Spain-based company Hydroponics System International released a new elevated system to help the facilities that require gutters that were not at ground level.
  • In April 2019, a Netherland-based company Signify Holdings declared the acquisition of WiZ Connected (China), manufacturer of the WiZ Wi-Fi-based connected lighting ecosystem. The acquisition would support the company to step into the Wi-Fi-based smart lighting market.

Global Indoor Farming Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 34790 Mn.

Forecast Period 2022-28 CAGR:

6.36%

Market Size in 2028:

USD 53570 Mn.

Segments Covered:

By Growing System

  • Alumina
  • Titanite
  • Zirconia
  • Silicon Carbide
  • Aluminum Nitride
  • Silicon Nitride
  • Other

By Facility Type

  • Monolithic Ceramics
  • Ceramic Matrix Composites
  • Ceramic Coating

By Crop Type

  • Electrical and Electronics
  • Transportation (Aerospace & Automotive)
  • Medical Industrial Defense
  • Security Chemical
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Minute Impact of Fluctuating Climatic Conditions

Key Market Restraints:

  • High Initial Investments

Key Opportunities:

  • Growing Trend of Organic Indoor Farming presents growth opportunity

Companies Covered in the report:

  • Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Growing System
 3.2 By Facility Type
 3.3 By Crop Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Indoor Farming Market by Growing System
 4.1 Indoor Farming Market Overview Snapshot and Growth Engine
 4.2 Indoor Farming Market Overview
 4.3 Aeroponics
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Aeroponics: Grographic Segmentation
 4.4 Hydroponics
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Hydroponics: Grographic Segmentation
 4.5 Aquaponics
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Aquaponics: Grographic Segmentation
 4.6 Soil-Based
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Soil-Based: Grographic Segmentation
 4.7 Hybrid
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2016-2028F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Hybrid: Grographic Segmentation

Chapter 5: Indoor Farming Market by Facility Type
 5.1 Indoor Farming Market Overview Snapshot and Growth Engine
 5.2 Indoor Farming Market Overview
 5.3 Glass Or Poly Greenhouses
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Glass Or Poly Greenhouses: Grographic Segmentation
 5.4 Indoor Vertical Farms
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Indoor Vertical Farms: Grographic Segmentation
 5.5 Container Farms
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Container Farms: Grographic Segmentation
 5.6 Indoor Deep-Water Culture Systems
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Indoor Deep-Water Culture Systems: Grographic Segmentation
 5.7 Other Facility Types
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Other Facility Types: Grographic Segmentation

Chapter 6: Indoor Farming Market by Crop Type
 6.1 Indoor Farming Market Overview Snapshot and Growth Engine
 6.2 Indoor Farming Market Overview
 6.3 Fruits And Vegetables
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Fruits And Vegetables: Grographic Segmentation
 6.4 Herbs And Microgreens
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Herbs And Microgreens: Grographic Segmentation
 6.5 Flowers And Ornamentals
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Flowers And Ornamentals: Grographic Segmentation
 6.6 Other Crop Types
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Other Crop Types: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Indoor Farming Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Indoor Farming Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Indoor Farming Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 PHILIPS LIGHTING
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 EVERLIGHT ELECTRONICS
 7.4 ARGUS CONTROLS SYSTEMS
 7.5 NETAFIM
 7.6 LUMIGROW
 7.7 LOGIQS
 7.8 ILLUMITEX
 7.9 VERTICAL FARM SYSTEMS
 7.10 HYDRODYNAMICS INTERNATIONAL
 7.11 GENERAL HYDROPONICS
 7.12 RICHEL GROUP
 7.13 AMERICAN HYDROPONICS
 7.14 AGRILUTION

Chapter 8: Global Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Growing System
  8.2.1 Aeroponics
  8.2.2 Hydroponics
  8.2.3 Aquaponics
  8.2.4 Soil-Based
  8.2.5 Hybrid
 8.3 Historic and Forecasted Market Size By Facility Type
  8.3.1 Glass Or Poly Greenhouses
  8.3.2 Indoor Vertical Farms
  8.3.3 Container Farms
  8.3.4 Indoor Deep-Water Culture Systems
  8.3.5 Other Facility Types
 8.4 Historic and Forecasted Market Size By Crop Type
  8.4.1 Fruits And Vegetables
  8.4.2 Herbs And Microgreens
  8.4.3 Flowers And Ornamentals
  8.4.4 Other Crop Types

Chapter 9: North America Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Growing System
  9.4.1 Aeroponics
  9.4.2 Hydroponics
  9.4.3 Aquaponics
  9.4.4 Soil-Based
  9.4.5 Hybrid
 9.5 Historic and Forecasted Market Size By Facility Type
  9.5.1 Glass Or Poly Greenhouses
  9.5.2 Indoor Vertical Farms
  9.5.3 Container Farms
  9.5.4 Indoor Deep-Water Culture Systems
  9.5.5 Other Facility Types
 9.6 Historic and Forecasted Market Size By Crop Type
  9.6.1 Fruits And Vegetables
  9.6.2 Herbs And Microgreens
  9.6.3 Flowers And Ornamentals
  9.6.4 Other Crop Types
 9.7 Historic and Forecast Market Size by Country
  9.7.1 U.S.
  9.7.2 Canada
  9.7.3 Mexico

Chapter 10: Europe Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Growing System
  10.4.1 Aeroponics
  10.4.2 Hydroponics
  10.4.3 Aquaponics
  10.4.4 Soil-Based
  10.4.5 Hybrid
 10.5 Historic and Forecasted Market Size By Facility Type
  10.5.1 Glass Or Poly Greenhouses
  10.5.2 Indoor Vertical Farms
  10.5.3 Container Farms
  10.5.4 Indoor Deep-Water Culture Systems
  10.5.5 Other Facility Types
 10.6 Historic and Forecasted Market Size By Crop Type
  10.6.1 Fruits And Vegetables
  10.6.2 Herbs And Microgreens
  10.6.3 Flowers And Ornamentals
  10.6.4 Other Crop Types
 10.7 Historic and Forecast Market Size by Country
  10.7.1 Germany
  10.7.2 U.K.
  10.7.3 France
  10.7.4 Italy
  10.7.5 Russia
  10.7.6 Spain

Chapter 11: Asia-Pacific Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Growing System
  11.4.1 Aeroponics
  11.4.2 Hydroponics
  11.4.3 Aquaponics
  11.4.4 Soil-Based
  11.4.5 Hybrid
 11.5 Historic and Forecasted Market Size By Facility Type
  11.5.1 Glass Or Poly Greenhouses
  11.5.2 Indoor Vertical Farms
  11.5.3 Container Farms
  11.5.4 Indoor Deep-Water Culture Systems
  11.5.5 Other Facility Types
 11.6 Historic and Forecasted Market Size By Crop Type
  11.6.1 Fruits And Vegetables
  11.6.2 Herbs And Microgreens
  11.6.3 Flowers And Ornamentals
  11.6.4 Other Crop Types
 11.7 Historic and Forecast Market Size by Country
  11.7.1 China
  11.7.2 India
  11.7.3 Japan
  11.7.4 Southeast Asia

Chapter 12: South America Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Growing System
  12.4.1 Aeroponics
  12.4.2 Hydroponics
  12.4.3 Aquaponics
  12.4.4 Soil-Based
  12.4.5 Hybrid
 12.5 Historic and Forecasted Market Size By Facility Type
  12.5.1 Glass Or Poly Greenhouses
  12.5.2 Indoor Vertical Farms
  12.5.3 Container Farms
  12.5.4 Indoor Deep-Water Culture Systems
  12.5.5 Other Facility Types
 12.6 Historic and Forecasted Market Size By Crop Type
  12.6.1 Fruits And Vegetables
  12.6.2 Herbs And Microgreens
  12.6.3 Flowers And Ornamentals
  12.6.4 Other Crop Types
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Brazil
  12.7.2 Argentina

Chapter 13: Middle East & Africa Indoor Farming Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Growing System
  13.4.1 Aeroponics
  13.4.2 Hydroponics
  13.4.3 Aquaponics
  13.4.4 Soil-Based
  13.4.5 Hybrid
 13.5 Historic and Forecasted Market Size By Facility Type
  13.5.1 Glass Or Poly Greenhouses
  13.5.2 Indoor Vertical Farms
  13.5.3 Container Farms
  13.5.4 Indoor Deep-Water Culture Systems
  13.5.5 Other Facility Types
 13.6 Historic and Forecasted Market Size By Crop Type
  13.6.1 Fruits And Vegetables
  13.6.2 Herbs And Microgreens
  13.6.3 Flowers And Ornamentals
  13.6.4 Other Crop Types
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Saudi Arabia
  13.7.2 South Africa

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Indoor Farming Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 34790 Mn.

Forecast Period 2022-28 CAGR:

6.36%

Market Size in 2028:

USD 53570 Mn.

Segments Covered:

By Growing System

  • Alumina
  • Titanite
  • Zirconia
  • Silicon Carbide
  • Aluminum Nitride
  • Silicon Nitride
  • Other

By Facility Type

  • Monolithic Ceramics
  • Ceramic Matrix Composites
  • Ceramic Coating

By Crop Type

  • Electrical and Electronics
  • Transportation (Aerospace & Automotive)
  • Medical Industrial Defense
  • Security Chemical
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Minute Impact of Fluctuating Climatic Conditions

Key Market Restraints:

  • High Initial Investments

Key Opportunities:

  • Growing Trend of Organic Indoor Farming presents growth opportunity

Companies Covered in the report:

  • Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INDOOR FARMING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INDOOR FARMING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INDOOR FARMING MARKET COMPETITIVE RIVALRY
TABLE 005. INDOOR FARMING MARKET THREAT OF NEW ENTRANTS
TABLE 006. INDOOR FARMING MARKET THREAT OF SUBSTITUTES
TABLE 007. INDOOR FARMING MARKET BY GROWING SYSTEM
TABLE 008. AEROPONICS MARKET OVERVIEW (2016-2028)
TABLE 009. HYDROPONICS MARKET OVERVIEW (2016-2028)
TABLE 010. AQUAPONICS MARKET OVERVIEW (2016-2028)
TABLE 011. SOIL-BASED MARKET OVERVIEW (2016-2028)
TABLE 012. HYBRID MARKET OVERVIEW (2016-2028)
TABLE 013. INDOOR FARMING MARKET BY FACILITY TYPE
TABLE 014. GLASS OR POLY GREENHOUSES MARKET OVERVIEW (2016-2028)
TABLE 015. INDOOR VERTICAL FARMS MARKET OVERVIEW (2016-2028)
TABLE 016. CONTAINER FARMS MARKET OVERVIEW (2016-2028)
TABLE 017. INDOOR DEEP-WATER CULTURE SYSTEMS MARKET OVERVIEW (2016-2028)
TABLE 018. OTHER FACILITY TYPES MARKET OVERVIEW (2016-2028)
TABLE 019. INDOOR FARMING MARKET BY CROP TYPE
TABLE 020. FRUITS AND VEGETABLES MARKET OVERVIEW (2016-2028)
TABLE 021. HERBS AND MICROGREENS MARKET OVERVIEW (2016-2028)
TABLE 022. FLOWERS AND ORNAMENTALS MARKET OVERVIEW (2016-2028)
TABLE 023. OTHER CROP TYPES MARKET OVERVIEW (2016-2028)
TABLE 024. NORTH AMERICA INDOOR FARMING MARKET, BY GROWING SYSTEM (2016-2028)
TABLE 025. NORTH AMERICA INDOOR FARMING MARKET, BY FACILITY TYPE (2016-2028)
TABLE 026. NORTH AMERICA INDOOR FARMING MARKET, BY CROP TYPE (2016-2028)
TABLE 027. N INDOOR FARMING MARKET, BY COUNTRY (2016-2028)
TABLE 028. EUROPE INDOOR FARMING MARKET, BY GROWING SYSTEM (2016-2028)
TABLE 029. EUROPE INDOOR FARMING MARKET, BY FACILITY TYPE (2016-2028)
TABLE 030. EUROPE INDOOR FARMING MARKET, BY CROP TYPE (2016-2028)
TABLE 031. INDOOR FARMING MARKET, BY COUNTRY (2016-2028)
TABLE 032. ASIA PACIFIC INDOOR FARMING MARKET, BY GROWING SYSTEM (2016-2028)
TABLE 033. ASIA PACIFIC INDOOR FARMING MARKET, BY FACILITY TYPE (2016-2028)
TABLE 034. ASIA PACIFIC INDOOR FARMING MARKET, BY CROP TYPE (2016-2028)
TABLE 035. INDOOR FARMING MARKET, BY COUNTRY (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA INDOOR FARMING MARKET, BY GROWING SYSTEM (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA INDOOR FARMING MARKET, BY FACILITY TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA INDOOR FARMING MARKET, BY CROP TYPE (2016-2028)
TABLE 039. INDOOR FARMING MARKET, BY COUNTRY (2016-2028)
TABLE 040. SOUTH AMERICA INDOOR FARMING MARKET, BY GROWING SYSTEM (2016-2028)
TABLE 041. SOUTH AMERICA INDOOR FARMING MARKET, BY FACILITY TYPE (2016-2028)
TABLE 042. SOUTH AMERICA INDOOR FARMING MARKET, BY CROP TYPE (2016-2028)
TABLE 043. INDOOR FARMING MARKET, BY COUNTRY (2016-2028)
TABLE 044. PHILIPS LIGHTING: SNAPSHOT
TABLE 045. PHILIPS LIGHTING: BUSINESS PERFORMANCE
TABLE 046. PHILIPS LIGHTING: PRODUCT PORTFOLIO
TABLE 047. PHILIPS LIGHTING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. EVERLIGHT ELECTRONICS: SNAPSHOT
TABLE 048. EVERLIGHT ELECTRONICS: BUSINESS PERFORMANCE
TABLE 049. EVERLIGHT ELECTRONICS: PRODUCT PORTFOLIO
TABLE 050. EVERLIGHT ELECTRONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ARGUS CONTROLS SYSTEMS: SNAPSHOT
TABLE 051. ARGUS CONTROLS SYSTEMS: BUSINESS PERFORMANCE
TABLE 052. ARGUS CONTROLS SYSTEMS: PRODUCT PORTFOLIO
TABLE 053. ARGUS CONTROLS SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. NETAFIM: SNAPSHOT
TABLE 054. NETAFIM: BUSINESS PERFORMANCE
TABLE 055. NETAFIM: PRODUCT PORTFOLIO
TABLE 056. NETAFIM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. LUMIGROW: SNAPSHOT
TABLE 057. LUMIGROW: BUSINESS PERFORMANCE
TABLE 058. LUMIGROW: PRODUCT PORTFOLIO
TABLE 059. LUMIGROW: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. LOGIQS: SNAPSHOT
TABLE 060. LOGIQS: BUSINESS PERFORMANCE
TABLE 061. LOGIQS: PRODUCT PORTFOLIO
TABLE 062. LOGIQS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. ILLUMITEX: SNAPSHOT
TABLE 063. ILLUMITEX: BUSINESS PERFORMANCE
TABLE 064. ILLUMITEX: PRODUCT PORTFOLIO
TABLE 065. ILLUMITEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. VERTICAL FARM SYSTEMS: SNAPSHOT
TABLE 066. VERTICAL FARM SYSTEMS: BUSINESS PERFORMANCE
TABLE 067. VERTICAL FARM SYSTEMS: PRODUCT PORTFOLIO
TABLE 068. VERTICAL FARM SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. HYDRODYNAMICS INTERNATIONAL: SNAPSHOT
TABLE 069. HYDRODYNAMICS INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 070. HYDRODYNAMICS INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 071. HYDRODYNAMICS INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. GENERAL HYDROPONICS: SNAPSHOT
TABLE 072. GENERAL HYDROPONICS: BUSINESS PERFORMANCE
TABLE 073. GENERAL HYDROPONICS: PRODUCT PORTFOLIO
TABLE 074. GENERAL HYDROPONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. RICHEL GROUP: SNAPSHOT
TABLE 075. RICHEL GROUP: BUSINESS PERFORMANCE
TABLE 076. RICHEL GROUP: PRODUCT PORTFOLIO
TABLE 077. RICHEL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. AMERICAN HYDROPONICS: SNAPSHOT
TABLE 078. AMERICAN HYDROPONICS: BUSINESS PERFORMANCE
TABLE 079. AMERICAN HYDROPONICS: PRODUCT PORTFOLIO
TABLE 080. AMERICAN HYDROPONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. AGRILUTION: SNAPSHOT
TABLE 081. AGRILUTION: BUSINESS PERFORMANCE
TABLE 082. AGRILUTION: PRODUCT PORTFOLIO
TABLE 083. AGRILUTION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INDOOR FARMING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INDOOR FARMING MARKET OVERVIEW BY GROWING SYSTEM
FIGURE 012. AEROPONICS MARKET OVERVIEW (2016-2028)
FIGURE 013. HYDROPONICS MARKET OVERVIEW (2016-2028)
FIGURE 014. AQUAPONICS MARKET OVERVIEW (2016-2028)
FIGURE 015. SOIL-BASED MARKET OVERVIEW (2016-2028)
FIGURE 016. HYBRID MARKET OVERVIEW (2016-2028)
FIGURE 017. INDOOR FARMING MARKET OVERVIEW BY FACILITY TYPE
FIGURE 018. GLASS OR POLY GREENHOUSES MARKET OVERVIEW (2016-2028)
FIGURE 019. INDOOR VERTICAL FARMS MARKET OVERVIEW (2016-2028)
FIGURE 020. CONTAINER FARMS MARKET OVERVIEW (2016-2028)
FIGURE 021. INDOOR DEEP-WATER CULTURE SYSTEMS MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHER FACILITY TYPES MARKET OVERVIEW (2016-2028)
FIGURE 023. INDOOR FARMING MARKET OVERVIEW BY CROP TYPE
FIGURE 024. FRUITS AND VEGETABLES MARKET OVERVIEW (2016-2028)
FIGURE 025. HERBS AND MICROGREENS MARKET OVERVIEW (2016-2028)
FIGURE 026. FLOWERS AND ORNAMENTALS MARKET OVERVIEW (2016-2028)
FIGURE 027. OTHER CROP TYPES MARKET OVERVIEW (2016-2028)
FIGURE 028. NORTH AMERICA INDOOR FARMING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. EUROPE INDOOR FARMING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. ASIA PACIFIC INDOOR FARMING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. MIDDLE EAST & AFRICA INDOOR FARMING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. SOUTH AMERICA INDOOR FARMING MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Indoor Farming Market research report?

The forecast period in the Indoor Farming Market research report is 2022-2028.

Who are the key players in Indoor Farming Market?

Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Others major players.

What are the segments of the Indoor Farming Market?

The Indoor Farming Market is segmented into Growing System, Facility Type, Crop Type and Region. By Growing System, the market is categorized into Aeroponics, Hydroponics, Aquaponics, Soil-Based, Hybrid. By Facility Type, the market is categorized into Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture Systems. By Crop Type, the market is categorized into Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals, Other Crop Types. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Indoor Farming Market?

The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming.

How big is the Indoor Farming Market?

Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36% .