Indoor Farming Technology - Global Strategic Business Report

Global Indoor Farming Technology Market to Reach $51.6 Billion by 2030

The global market for Indoor Farming Technology estimated at US$30.8 Billion in the year 2022, is projected to reach a revised size of US$51.6 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030. Hydroponics, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$26.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aeroponics segment is readjusted to a revised 7.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 10.7% CAGR

The Indoor Farming Technology market in the U.S. is estimated at US$8.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.7 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 42 Featured) -

• Agrilution GmbH
• American Hydroponics
• Argus Control Systems Ltd.
• Everlight Electronics Co., Ltd
• General Hydroponics
• Hydrodynamics International, Inc.
• Illumitex, Inc.
• Logiqs B.V.
• LumiGrow, Inc.
• Netafim Ltd.
• Philips Lighting Company
• Richel Group SA
• Vertical Farm Systems Pty Ltd.

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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