Global Indoor Farming Technology Market to reach USD 27.2 billion by 2027.
Global Indoor Farming Technology Market is valued at approximately USD 14.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.4 % over the forecast period 2021-2027. Increased health awareness and the consumption of residue-free food have cleared the path for innovative techniques such as indoor farming to be used. People are producing the necessary crops on a modest scale in their own homes in order to have pest-free food, which has resulted in a higher yield. Indoor farming has a better yield than traditional agricultural methods, which is one of its key advantages. Indoor farming facilities produce ideal growing conditions for farmers, allowing them to cultivate a crop from seed to harvest in less time and with higher yields in each cycle while using less land. As a result, by stacking additional layers and expanding the growing area, indoor farms can boost overall crop yield. Because certain plants can be grown in smaller spaces, indoor farming tackles the issue of restricted space. In vertical farming, for example, each facility built reduces the demand for land use by a factor of a hundred. When compared to traditional farming, there is less water waste. Indoor farms recycle and reuse water, requiring 95 percent less water to raise the same crops as outside farms. When plants or commodities are grown in vertical greenhouses, the transpiration process occurs, allowing farmers to reuse the water for irrigation. As a result, the risk of water waste is minimised, and this technique is good for resource conservation. However, initial cost of the indoor farming setup may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Indoor Farming Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to increasing focus on adopting innovative and efficient technologies to improve the yields in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing investment of overseas business lines in agricultural operations across the region.

Major market player included in this report are:

Signify Holding
Everlight Electronics
Argus Control Systems
LumiGrow
Netafim
Logiqs
Richel Group
Vertical Farm Systems
General Hydroponics
Heliospectra AB
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Facility type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Growing system:
Hydroponics
Aeroponics
Aquaponics
Soil-based
Hybrid
By Facility type:
Glass or Poly Greenhouse
Indoor Vertical Farm
Container Farm
Indoor DWC System
By Crop type:
Fruits & vegetables
Herbs & Microgreens
Flowers & Ornamentals
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.

Target Audience of the Global Indoor Farming Technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors