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

  • ID: 4529878
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • Agrilution
  • Argus Controls Systems
  • General Hydroponics
  • Logiqs
  • Netafim
  • Richel Group
  • MORE

“The indoor farming technology market is projected to grow at a CAGR of 9.65%”

The indoor farming technology market is projected to reach USD 40.25 billion by 2022 from USD 25.40 billion in 2017, at a CAGR of 9.65%. The market is driven by the rise in demand for fresh foods with high nutritive value, need for higher yields using limited space and water, and lesser impact of external weather conditions. On the other hand, high initial investment is one of the factors restraining the growth of the indoor farming technology market.

“Hardware segment is projected to boost the growth of the indoor farming technology market through 2022”

Based on component, the hardware segment is projected to grow at a higher rate during the forecast period. The three major components in the hardware segment include climate control systems, lighting, and irrigation systems. A climate control system is perhaps the single most important technology in an indoor farming facility, as it allows farmers to create the ideal environment for year-round production. Hence, the hardware segment is projected to record a relatively higher CAGR of 9.88% from 2017 to 2022.

“The glass or poly greenhouse segment was the largest market in 2017”

The glass or poly greenhouses segment accounted for the largest share of the indoor farming technology market in 2017. Greenhouses are generally used to cultivate tomatoes, potatoes, and cucumbers. The large share of this segment can be attributed to the high adoption of this technique in countries such as the US and China. This technique consumes less energy and requires lesser number of labor hours, which makes it more affordable than indoor vertical farms.

“Europe was the largest market in 2017”

Europe was the largest indoor farming technology market in 2017. This dominance can be attributed to the high adoption of precision farming and protected agriculture in this region. In addition, as a response to the growth in demand for food, rapid urbanization, and increase in need for new productive soils, indoor farming is expected to be a leading farming technology and a financially viable solution in this region.

The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:

  • By Company Type: Tier 1 –20%, Tier 2 – 35%, and Tier 3 – 45%
  • By Designation: C-Level – 35%, D-level – 25%, and Others* – 40%
  • By Region: North America – 20%, Europe – 25%, Asia Pacific – 35%, and RoW – 20%

The global market for indoor farming technology is dominated by large players such as Philips Lighting (Netherlands), Netafim (Israel), Argus Controls Systems (Canada), EVERLIGHT Electronics (Taiwan), and LumiGrow (US). Some of the emerging players in the indoor farming technology market include Logiqs (Netherlands), Illumitex, Inc. (US), Vertical Farm Systems (Australia), Hydrodynamics International (US), General Hydroponics (US), Richel Group (France), and agrilution (Germany).

Research Coverage

This report analyzes the indoor farming technology market across different types and regions. It aims at estimating the market size, in terms of value and volume, and future growth potential of this market across different segments—growing system, facility type, component, crop type, and region. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying This Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall indoor farming technology market and its subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. It will also help the stakeholders to understand the market and provide them information on the key market drivers, restraints, challenges, and opportunities.

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Agrilution
  • Argus Controls Systems
  • General Hydroponics
  • Logiqs
  • Netafim
  • Richel Group
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Indoor Farming Technology Market
4.2 European Indoor Farming Technology Market, By Crop Type and Country
4.3 Indoor Farming Technology Market, By Growing System & Region
4.4 Indoor Farming Technology Market, By Key Country
4.5 Indoor Farming Technology Market, By Region

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Rise in Global Population and Food Requirements
5.2.2 Decline in Per Capita Arable Land
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rise in Demand for Fresh Foods With Higher Nutritive Value
5.3.1.2 Need for Higher Yields Using Limited Space and Water
5.3.1.3 Lesser Impact of External Weather Conditions
5.3.2 Restraints
5.3.2.1 High Initial Investments
5.3.2.2 Limitations on the Type of Crops That Can Be Grown
5.3.3 Opportunities
5.3.3.1 Development of Innovative and Cost-Effective Technologies
5.3.3.2 Production of Biopharmaceutical Products
5.3.4 Challenges
5.3.4.1 Lack of Adequate Funding
5.3.4.2 Shortage in the Availability of Skilled Work-Force
5.4 Regulatory Framework
5.5 Patent Analysis
5.5.1 List of Major Patents

6 Indoor Farming Technology Market, By Growing System
6.1 Introduction
6.2 Aeroponics
6.3 Hydroponics
6.4 Aquaponics
6.5 Soil-Based
6.6 Hybrid

7 Indoor Farming Technology Market, By Facility Type
7.1 Introduction
7.2 Glass Or Poly Greenhouses
7.3 Indoor Vertical Farms
7.4 Container Farms
7.5 Indoor Deep Water Culture (DWC) Systems

8 Indoor Farming Technology Market, By Component
8.1 Introduction
8.2 Hardware
8.2.1 Climate Control Systems
8.2.2 Lighting Systems
8.2.3 Communication Systems
8.2.4 Sensors
8.2.5 System Controls
8.2.6 Irrigation Systems
8.2.7 Others
8.3 Software & Services

9 Indoor Farming Technology Market, By Crop Type
9.1 Introduction
9.2 Fruits & Vegetables
9.2.1 Leafy Greens
9.2.1.1 Lettuce
9.2.1.2 Kale
9.2.1.3 Spinach
9.2.1.4 Others
9.2.2 Tomato
9.2.3 Strawberry
9.2.4 Eggplant
9.2.5 Others
9.3 Herbs & Microgreens
9.3.1 Basil
9.3.2 Herbs
9.3.3 Tarragon
9.3.4 Wheatgrass
9.4 Flowers & Ornamentals
9.4.1 Perennials
9.4.2 Annuals
9.4.3 Ornamentals
9.5 Other Crops

10 Indoor Farming Technology Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Spain
10.3.2 Netherlands
10.3.3 UK
10.3.4 Sweden
10.3.5 Italy
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Singapore
10.4.4 Taiwan
10.4.5 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Company Rankings
11.3 Competitive Scenario
11.3.1 Agreements, Contracts, Collaborations, and Partnerships
11.3.2 New Product Launches & Developments
11.3.3 Expansions
11.3.4 Acquisitions

12 Company Profiles
12.1 Philips Lighting
12.2 Everlight Electronics
12.3 Argus Controls Systems
12.4 Netafim
12.5 Lumigrow
12.6 Logiqs
12.7 Illumitex
12.8 Vertical Farm Systems
12.9 Hydrodynamics International
12.10 General Hydroponics
12.11 Richel Group
12.12 American Hydroponics
12.13 Agrilution

13 Appendix
13.1 Knowledge Store
13.2 Introducing RT: Real-Time Market Intelligence
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables:
Table 1 USD Exchange Rate, 2015–2017
Table 2 Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 3 Aeroponics Market Size, By Region, 2015–2022 (USD Million)
Table 4 Hydroponics Market Size, By Region, 2015–2022 (USD Million)
Table 5 Aquaponics Market Size, By Region, 2015–2022 (USD Million)
Table 6 Soil-Based Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 7 Hybrid Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 8 Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 9 Glass Or Poly Greenhouses Market Size, By Region, 2015–2022 (USD Million)
Table 10 Indoor Vertical Farms Market Size, By Region, 2015–2022 (USD Million)
Table 11 Container Farms Market Size, By Region, 2015–2022 (USD Million)
Table 12 Indoor DWC Systems Market Size, By Region, 2015–2022 (USD Million)
Table 13 Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 14 Hardware Market Size, By Component, 2015–2022 (USD Million)
Table 15 Hardware Market Size, By Region, 2015–2022 (USD Million)
Table 16 Software & Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 18 Indoor Farming Technology Market Size in Fruit & Vegetable Cultivation, By Crop Type/Crop, 2015–2022 (USD Million)
Table 19 Indoor Farming Technology Market Size in Fruit & Vegetable Cultivation, By Region, 2015–2022 (USD Million)
Table 20 Indoor Farming Technology Market Size in Leafy Green Cultivation, By Crop, 2015–2022 (USD Million)
Table 21 Indoor Farming Technology Market Size in Herbs & Microgreens, By Crop, 2015–2022 (USD Million)
Table 22 Indoor Farming Technology Market Size in Herbs & Microgreens, By Region, 2015–2022 (USD Million)
Table 23 Indoor Farming Technology Market Size in Flower & Ornamental Crop Cultivation, By Crop Type, 2015–2022 (USD Million)
Table 24 Indoor Farming Technology Market Size in Flower & Ornamental Crop Cultivation, By Region, 2015–2022 (USD Million)
Table 25 Indoor Farming Technology Market Size in Other Crop Cultivation, By Region, 2015–2022 (USD Million)
Table 26 Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 27 North America: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 28 North America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 29 North America: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 30 North America: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 31 North America: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 32 US: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 33 Canada: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 34 Mexico: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 35 Europe: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 36 Europe: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 37 Europe: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 38 Europe: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 39 Europe: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 40 Spain: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 41 Netherlands: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 42 UK: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 43 Sweden: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 44 Italy: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 45 Rest of Europe: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 46 Asia Pacific: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 47 Asia Pacific: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 48 Asia Pacific: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 49 Asia Pacific: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 50 Asia Pacific: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 51 China: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 52 Japan: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 53 Singapore: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 54 Taiwan: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 55 Rest of Asia Pacific: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 56 South America: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 57 South America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 58 South America: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 59 South America: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 60 South America: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 61 Brazil: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 62 Argentina: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 63 Rest of South America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 64 RoW: Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 65 RoW: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 66 RoW: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 67 RoW: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 68 RoW: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 69 Middle East: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 70 Africa: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 71 Indoor Farming Technology Market, Company Rankings, 2018
Table 72 Agreements, Contracts, Collaborations, and Partnerships, 2014–2018
Table 73 New Product Launches & Developments, 2013–2018
Table 74 Expansions, 2012–2016
Table 75 Acquisitions, 2016

List of Figures:
Figure 1 Indoor Farming Technology Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Indoor Farming Technology: Research Design
Figure 4 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Indoor Farming Technology Market, By Growing System, 2017 vs 2022 (USD Billion)
Figure 9 Indoor Farming Technology Market Size, By Facility Type, 2017 vs 2022 (USD Billion)
Figure 10 Indoor Farming Technology Market Size, By Component, 2017 vs 2022 (USD Billion)
Figure 11 Indoor Farming Technology Market, By Crop Type, 2017 vs 2022 (USD Billion)
Figure 12 Indoor Farming Technology Market, By Region
Figure 13 Growth in the Trend of Year-Round Crop Production to Drive the Indoor Farming Technology Market
Figure 14 Fruits & Vegetables Dominated the European Market in 2016
Figure 15 Hydroponics Segment Dominated the Market Across All Regions in 2016
Figure 16 Spain Was the Most Important Market for Indoor Farming Technology in 2016
Figure 17 Europe to Dominate the Indoor Farming Technology Market Among All Regions Through 2022
Figure 18 Global Population Growth Trend, 2006–2017 (Billion)
Figure 19 Total Available Arable Land, 1950–2020 (Hectares/Person)
Figure 20 Indoor Farming Technology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Global Water Reuse After Tertiary Treatment - Market Share By Application, 2014
Figure 22 Indoor Farming Technology Market Size, By Growing System, 2017 vs 2022 (USD Million)
Figure 23 Indoor Farming Technology Market, By Facility Type, 2017 vs 2022
Figure 24 Indoor Farming Technology Market Size, By Component, 2017 vs 2022 (USD Million)
Figure 25 Hardware Market Size, By Component, 2017 vs 2022 (USD Million)
Figure 26 Fruits & Vegetables to Dominate the Market Through 2022
Figure 27 Geographical Snapshot (2017–2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 28 Europe: Indoor Farming Technology Market Snapshot
Figure 29 Asia Pacific: Indoor Farming Technology Market Snapshot
Figure 30 Key Developments By Leading Players in the Indoor Farming Market, 2012–2018
Figure 31 Philips Lighting: Company Snapshot
Figure 32 Philips Lighting: SWOT Analysis
Figure 33 Everlight Electronics: Company Snapshot
Figure 34 Everlight Electronics: SWOT Analysis
Figure 35 Argus Controls Systems: SWOT Analysis
Figure 36 Netafim: SWOT Analysis
Figure 37 Lumigrow: SWOT Analysis

Note: Product cover images may vary from those shown
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  • Philips Lighting
  • Everlight Electronics
  • Argus Controls Systems
  • Netafim
  • Lumigrow
  • Logiqs
  • Illumitex
  • Vertical Farm Systems
  • Hydrodynamics International
  • General Hydroponics
  • Richel Group
  • American Hydroponics
  • Agrilution
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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