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 2028
According to MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The demand for indoor farming technology is driven by the growth in the glass or poly greenhouse industry, which accounts for most of the indoor farming technology market. Numerous factors influence the growth of glass or poly greenhouses for indoor farming. First, a spike in indoor farming projects has been prompted by the rising demand for locally grown and fresh produce, and greenhouses offer an effective and controlled setting to meet this demand.
'By growing system, Hydroponics is projected to dominate during the forecast period.'
Hydroponics has witnessed significant demand and market growth in recent years, driven by the various advantages it offers to meet the evolving needs of consumers and the agricultural industry. One key advantage is the ability of hydroponic systems to provide a consistent and reliable supply of fresh produce throughout the year, irrespective of seasonal limitations. This year-round production capability aligns with the increasing consumer demand for locally sourced and sustainably grown fruits, vegetables, and herbs.
'By facility type, the market for the indoor vertical farm is projected in high demand.'
Indoor vertical farms have gained popularity due to the increasing demand for fresh, locally-grown produce and the rapid growth of the market for sustainable agricultural practices. These farms offer several advantages that align with evolving consumer preferences and market trends. Firstly, vertical farms provide a reliable and consistent supply of high-quality products throughout the year, regardless of seasonal limitations. This year-round production capability ensures a steady and consistent supply to meet the demands of consumers and retailers, reducing dependence on imported or out-of-season produce.
'By component, the market for lighting systems of indoor farming technology is projected in market share.'
Lighting systems play a crucial role in indoor vertical farming, and their advantages have contributed to the increasing demand and market growth in the industry. One key advantage is the ability of lighting systems to provide precise control over the light spectrum, intensity, and photoperiod, mimicking optimal natural conditions for plant growth. This level of control enables growers to optimize crop production, enhance plant development, and increase yields.
'By crop type, the market for fruits and vegetable cultivation in indoor farming technology is projected in high demand.'
The growth of fruits and vegetables in indoor farming technology has witnessed significant demand and market growth due to various factors. Consumers increasingly seek locally grown, fresh, and pesticide-free produce, which can be efficiently provided by indoor farming systems. These technologies offer precise control over environmental conditions, including temperature, humidity, lighting, and nutrient levels, creating optimal growing conditions for different crops. The ability to cultivate fruits and vegetables year-round, regardless of seasonal limitations, meets the demand for consistent supply and reduces dependence on imported or out-of-season produce. Indoor farming also enables the cultivation of a wide range of crops, including leafy greens, herbs, tomatoes, strawberries, and even exotic or rare varieties, catering to the diverse preferences of consumers.
Asia Pacific will significantly contribute towards market growth during the forecast period.
The demand for indoor farming technology is expected to grow at the fastest rate in the Asia Pacific region, where there has been an increase in foreign business lines investing in agricultural operations to solely meet crop growers' demands for crops of export quality. Additionally, the farming sector in the Asia Pacific area has been moving away from traditional agricultural practices systems and towards technological and creative ones. These changes result in the upgrading of crop management strategies for improved crop premium value. In 2020, the Asia Pacific region's indoor farming technology market held around 30.7% of the global market's value.
Break-up of Primaries:
Research Coverage:
The report segments the indoor farming technology market based on growing systems, facility type, components, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global indoor farming technology market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall indoor farming technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
'By growing system, Hydroponics is projected to dominate during the forecast period.'
Hydroponics has witnessed significant demand and market growth in recent years, driven by the various advantages it offers to meet the evolving needs of consumers and the agricultural industry. One key advantage is the ability of hydroponic systems to provide a consistent and reliable supply of fresh produce throughout the year, irrespective of seasonal limitations. This year-round production capability aligns with the increasing consumer demand for locally sourced and sustainably grown fruits, vegetables, and herbs.
'By facility type, the market for the indoor vertical farm is projected in high demand.'
Indoor vertical farms have gained popularity due to the increasing demand for fresh, locally-grown produce and the rapid growth of the market for sustainable agricultural practices. These farms offer several advantages that align with evolving consumer preferences and market trends. Firstly, vertical farms provide a reliable and consistent supply of high-quality products throughout the year, regardless of seasonal limitations. This year-round production capability ensures a steady and consistent supply to meet the demands of consumers and retailers, reducing dependence on imported or out-of-season produce.
'By component, the market for lighting systems of indoor farming technology is projected in market share.'
Lighting systems play a crucial role in indoor vertical farming, and their advantages have contributed to the increasing demand and market growth in the industry. One key advantage is the ability of lighting systems to provide precise control over the light spectrum, intensity, and photoperiod, mimicking optimal natural conditions for plant growth. This level of control enables growers to optimize crop production, enhance plant development, and increase yields.
'By crop type, the market for fruits and vegetable cultivation in indoor farming technology is projected in high demand.'
The growth of fruits and vegetables in indoor farming technology has witnessed significant demand and market growth due to various factors. Consumers increasingly seek locally grown, fresh, and pesticide-free produce, which can be efficiently provided by indoor farming systems. These technologies offer precise control over environmental conditions, including temperature, humidity, lighting, and nutrient levels, creating optimal growing conditions for different crops. The ability to cultivate fruits and vegetables year-round, regardless of seasonal limitations, meets the demand for consistent supply and reduces dependence on imported or out-of-season produce. Indoor farming also enables the cultivation of a wide range of crops, including leafy greens, herbs, tomatoes, strawberries, and even exotic or rare varieties, catering to the diverse preferences of consumers.
Asia Pacific will significantly contribute towards market growth during the forecast period.
The demand for indoor farming technology is expected to grow at the fastest rate in the Asia Pacific region, where there has been an increase in foreign business lines investing in agricultural operations to solely meet crop growers' demands for crops of export quality. Additionally, the farming sector in the Asia Pacific area has been moving away from traditional agricultural practices systems and towards technological and creative ones. These changes result in the upgrading of crop management strategies for improved crop premium value. In 2020, the Asia Pacific region's indoor farming technology market held around 30.7% of the global market's value.
Break-up of Primaries:
- By Company Type: Tier 1-35%, Tier 2-45%, Tier 3- 20%
- By Designation: CXOs-35%, Managers – 25%, and Executives- 40%
- By Region: North America - 40%, Asia Pacific – 30%, Europe - 20%, RoW – 5%, South America-5%
- Scotts Company LLC (US)
- Signify Holding (Netherlands)
- EVERLIGHT ELECTRONICS CO. LTD (Taiwan)
- NETAFIM (Israel)
- Heliospectra AB (Sweden)
- Argus Control Systems Limited (Canada)
- Lumigrow, Inc (Canada)
- weisstechnik (US)
- Priva (Netherlands)
- LOGIQS.B.V. (Netherlands)
- Illumitex (US)
- AmHydro (US)
- RICHEL GROUP (France)
- Vertical Farm Systems (Australia)
- Hydroponic Systems International (Spain)
Research Coverage:
The report segments the indoor farming technology market based on growing systems, facility type, components, crop type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global indoor farming technology market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall indoor farming technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Rising demand for fresh foods with higher nutritive value), restraints (There are restrictions on the types of crops that can be planted), opportunities (Development of innovative and cost-effective technologies), and challenges (Insufficient funding) influencing the growth of the indoor farming technology market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the indoor farming technology market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the indoor farming technology market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the indoor farming technology market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), are among others in the indoor farming technology market strategies. The report also helps stakeholders understand the lecithin and phospholipids market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 INCLUSIONS & EXCLUSIONS
1.3.2 REGIONAL SEGMENTATION
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.5.1 CURRENCY (VALUE)
TABLE 1 USD EXCHANGE RATES, 2018–2022
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT ANALYSIS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 INDOOR FARMING TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary profiles
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION – DEMAND SIDE (TOP-DOWN APPROACH)
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
2.6 RECESSION IMPACT ON INDOOR FARMING TECHNOLOGY MARKET
2.6.1 MACRO INDICATORS OF RECESSION
FIGURE 6 INDICATORS OF RECESSION
FIGURE 7 WORLD INFLATION RATE: 2011–2021
FIGURE 8 GLOBAL GDP: 2011–2021 (USD TRILLION)
FIGURE 9 RECESSION INDICATORS AND IMPACT ON INDOOR FARMING TECHNOLOGY MARKET
FIGURE 10 GLOBAL INDOOR FARMING TECHNOLOGY MARKET: EARLIER FORECAST VS. RECESSION FORECAST
3 EXECUTIVE SUMMARY
TABLE 2 INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT, 2023 VS. 2028 (VALUE)
FIGURE 11 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)
FIGURE 12 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 13 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
FIGURE 14 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 15 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN INDOOR FARMING TECHNOLOGY MARKET
FIGURE 16 GROWTH IN TREND OF YEAR-ROUND CROP PRODUCTION TO DRIVE MARKET
4.2 EUROPEAN INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE AND COUNTRY
FIGURE 17 FRUITS & VEGETABLES SEGMENT DOMINATED EUROPEAN MARKET IN 2022
4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM AND REGION, 2023 VS. 2028
FIGURE 18 HYDROPONICS SEGMENT DOMINATED MARKET ACROSS ALL REGIONS BETWEEN 2023 AND 2028
4.4 INDOOR FARMING TECHNOLOGY MARKET, BY KEY COUNTRY
FIGURE 19 CHINA TO BE MOST LUCRATIVE MARKET FOR INDOOR FARMING TECHNOLOGY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 RISE IN GLOBAL POPULATION AND FOOD REQUIREMENTS
FIGURE 20 GLOBAL POPULATION GROWTH TREND, 2011–2021 (BILLION)
5.2.2 DECLINE IN PER CAPITA ARABLE LAND
FIGURE 21 TOTAL AVAILABLE ARABLE LAND, 1950–2020 (HECTARES/PERSON)
5.3 MARKET DYNAMICS
FIGURE 22 INDOOR FARMING TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
5.3.1.1 Rising 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 types of crops grown
5.3.2.3 Lack of government incentives and high prices of hydroponically grown produce dissuading market adoption
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 availability of skilled workforce
5.3.4.3 Risk of equipment failure and delay in learning curve among growers
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 23 INDOOR FARMING TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
6.2.1 RAW MATERIAL SUPPLY
6.2.2 SYSTEM PROVIDERS
6.2.3 TECHNOLOGY PROVIDERS
6.2.4 CONSULTING AND MANAGEMENT SERVICE PROVIDERS
6.2.5 END USERS
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 INDOOR FARMING TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS
6.4 TECHNOLOGY ANALYSIS
6.4.1 TECHNOLOGICAL ADVANCEMENTS
6.4.1.1 Mobile applications and data tracking for assessment of real-time information
6.5 PRICING ANALYSIS
FIGURE 25 INDOOR FARMING TECHNOLOGY MARKET PRICING ANALYSIS AMONG KEY PLAYERS, BY MAJOR HARDWARE COMPONENT, 2022 (USD/UNIT)
FIGURE 26 HYDROPONICS AVERAGE PRICING ANALYSIS, BY REGION, 2017–2021 (USD/SQUARE FOOT)
6.6 MARKET ECOSYSTEM
6.6.1 DEMAND SIDE
6.6.2 SUPPLY SIDE
FIGURE 27 ECOSYSTEM MAP
TABLE 3 INDOOR FARMING TECHNOLOGY MARKET ECOSYSTEM
6.7 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET
FIGURE 28 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET
6.8 PATENT ANALYSIS
FIGURE 29 LIST OF TOP PATENTS IN MARKET FOR LAST TEN YEARS
FIGURE 30 JURISDICTIONS WITH MOST PATENT APPROVALS FOR INDOOR FARMING TECHNOLOGY, 2012–2022
6.8.1 LIST OF MAJOR PATENTS
6.9 TRADE ANALYSIS OF INDOOR FARMING SYSTEMS
6.9.1 TRADING PRICES FOR INDOOR FARMING SYSTEMS
TABLE 4 TOP TEN IMPORTERS AND EXPORTERS OF POLYCARBONATES, 2022 (KT AND USD ‘000)
TABLE 5 TOP TEN IMPORTERS AND EXPORTERS OF POLYETHYLENE, 2022
TABLE 6 TOP TEN IMPORTERS AND EXPORTERS OF POLYMETHYL-METHACRYLATE, 2022 (KT AND ‘000)
TABLE 7 TOP TEN IMPORTERS AND EXPORTERS OF POLYVINYL CHLORIDE, 2022 (KT AND USD ‘000)
6.10 KEY CONFERENCES AND EVENTS
TABLE 8 INDOOR FARMING TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2022–2023
6.11 TARIFF AND REGULATORY LANDSCAPE
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.12 PORTER’S FIVE FORCES ANALYSIS
6.12.1 INDOOR FARMING TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
6.12.2 THREAT OF NEW ENTRANTS
6.12.3 THREAT OF SUBSTITUTES
6.12.4 BARGAINING POWER OF SUPPLIERS
6.12.5 BARGAINING POWER OF BUYERS
6.12.6 DEGREE OF COMPETITION
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES
6.13.2 BUYING CRITERIA
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR INDOOR FARMING TECHNOLOGY
TABLE 15 KEY BUYING CRITERIA FOR COMPONENT TYPES
6.14 CASE STUDY ANALYSIS
6.14.1 LUMIGROW’S CUSTOMERS USE GROW LIGHT SENSORS TO MANAGE LIGHT
6.14.2 SIGNIFY’S LED LIGHTING SOLUTION FOR GOODLEAF TO INCREASE PERENNIAL FOOD PRODUCTION
6.15 REGULATORY FRAMEWORK
6.15.1 INTRODUCTION
6.15.2 REGULATIONS, BY REGION
6.15.2.1 North America
6.15.2.2 Europe
6.15.2.3 Asia Pacific
6.15.2.3.1 India
6.15.2.3.2 China
6.15.2.3.3 Japan
6.15.3 COMMON STANDARDS AND CERTIFICATIONS
7 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT
7.1 INTRODUCTION
FIGURE 33 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
TABLE 16 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 17 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.1.1 RECESSION IMPACT ON COMPONENT SEGMENT
7.2 HARDWARE
7.2.1 USED TO CARRY OUT ENTIRE FUNCTIONING IN INDOOR FARMING
FIGURE 34 HARDWARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
TABLE 18 HARDWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 19 HARDWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2.2 CLIMATE CONTROL SYSTEMS
7.2.3 LIGHTING SYSTEMS
7.2.4 COMMUNICATION SYSTEMS
7.2.5 SENSORS
7.2.6 SYSTEM CONTROLS
7.2.7 IRRIGATION SYSTEMS
7.2.8 OTHERS
TABLE 20 HARDWARE MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 21 HARDWARE MARKET, BY REGION, 2023–2028 (USD MILLION)
8 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE
8.1 INTRODUCTION
FIGURE 35 FRUITS & VEGETABLES SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
TABLE 22 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 23 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
8.1.1 RECESSION IMPACT ON CROP TYPE SEGMENT
8.2 FRUITS & VEGETABLES
8.2.1 ACCEPTANCE OF INDOOR FARMING TO GROW FRUITS & VEGETABLES ACROSS REGIONS
TABLE 24 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 25 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION)
TABLE 26 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 27 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.2.2 LEAFY GREENS
8.2.2.1 Lettuce
8.2.2.2 Kale
8.2.2.3 Spinach
8.2.2.4 Others
TABLE 28 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION)
TABLE 29 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION)
8.2.3 TOMATOES
8.2.4 STRAWBERRIES
8.2.5 EGGPLANTS
8.2.6 OTHER FRUITS & VEGETABLES
8.3 HERBS & MICROGREENS
8.3.1 YEAR-LONG HARVEST BENEFITS BOOST GROWTH OF INDOOR FARM-PRODUCED HERBS AND MICROGREENS
8.3.2 BASIL
8.3.3 HERBS
8.3.4 TARRAGON
8.3.5 WHEATGRASS
TABLE 30 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION)
TABLE 31 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION)
TABLE 32 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 33 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.4 FLOWERS & ORNAMENTALS
8.4.1 INDOOR FARMING ADOPTION FOR FLOWERS AND ORNAMENTALS WITNESSES GRADUAL GROWTH
8.4.2 PERENNIALS
8.4.3 ANNUALS
8.4.4 ORNAMENTALS
TABLE 34 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 35 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION)
TABLE 36 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 37 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.5 OTHER CROP TYPES
8.5.1 GROWING AWARENESS AND APPLICATIONS ACROSS CROP TYPES TO PROPEL DEMAND IN COMING YEARS
TABLE 38 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 39 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
9 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE
9.1 INTRODUCTION
FIGURE 36 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)
TABLE 40 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 41 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
9.1.1 RECESSION IMPACT ON FACILITY TYPE SEGMENT
9.2 GLASS OR POLY GREENHOUSES
9.2.1 WIDESPREAD AVAILABILITY AND ACCEPTANCE OF GLASS OR POLY GREENHOUSES
TABLE 42 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 43 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 INDOOR VERTICAL FARMS
9.3.1 DEPLETING ARABLE AND AGRICULTURAL LAND FOR PRODUCTION OF FRUITS & VEGETABLES TO BOOST DEMAND FOR INDOOR VERTICAL FARMS
TABLE 44 INDOOR VERTICAL FARMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 45 INDOOR VERTICAL FARMS MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 CONTAINER FARMS
9.4.1 NEWER WAYS OF CULTIVATING CROPS GAINING IMMENSE TRACTION
TABLE 46 CONTAINER FARMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 47 CONTAINER FARMS MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 INDOOR DEEP-WATER CULTURE SYSTEMS
9.5.1 DEMAND FOR HEALTHIER AND NUTRIENT-RICH LEAFY VEGETABLES TO DRIVE DEMAND FOR INDOOR DEEP-WATER CULTURE SYSTEMS
TABLE 48 INDOOR DWC SYSTEMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 49 INDOOR DWC SYSTEMS MARKET, BY REGION, 2023–2028 (USD MILLION)
10 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM
10.1 INTRODUCTION
FIGURE 37 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)
TABLE 50 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 51 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
10.1.1 RECESSION IMPACT ON GROWING SYSTEMS SEGMENT
10.2 AEROPONICS
10.2.1 AEROPONICS ENABLE HIGHER PRODUCTION OR YIELD TO FACILITATE FASTER GROWTH OF PLANTS
TABLE 52 AEROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 53 AEROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 HYDROPONICS
10.3.1 USED FOR GROWING CROPS IN SOIL-LESS MEDIUM
TABLE 54 HYDROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 55 HYDROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 AQUAPONICS
10.4.1 GROWING AWARENESS AND INNOVATION REGARDING NEWER INDOOR FARMING TECHNIQUES TO BOOST DEMAND FOR AQUAPONICS
TABLE 56 AQUAPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 57 AQUAPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 SOIL-BASED
10.5.1 GROWING PREVALENCE OF LACK OF FOOD SECURITY TO BOOST DEMAND FOR SOIL-BASED FARMING
TABLE 58 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 59 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 HYBRID
10.6.1 DEVELOPMENTS ACROSS ARRAY OF TECHNIQUES IN INDOOR FARMING MARKET TO HELP GAIN DEMAND FOR HYBRID FARMING
TABLE 60 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 61 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
11 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 38 ASIA PACIFIC COUNTRIES TO WITNESS SIGNIFICANT GROWTH IN INDOOR FARMING TECHNOLOGY MARKET (2023–2028)
TABLE 62 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 63 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
TABLE 64 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 65 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 67 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 71 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 73 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021)
FIGURE 40 NORTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.2.2 US
11.2.2.1 Introduction of newer farming kits and techniques by system providers
TABLE 74 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 75 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.2.3 CANADA
11.2.3.1 High awareness about modern farming techniques
TABLE 76 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 77 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.2.4 MEXICO
11.2.4.1 Larger greenhouse area used for cultivation
TABLE 78 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 79 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3 EUROPE
FIGURE 41 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
TABLE 80 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 81 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 82 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 83 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 84 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 85 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 87 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 88 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 89 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.3.1 RECESSION IMPACT ANALYSIS
FIGURE 42 EUROPE INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.3.2 SPAIN
11.3.2.1 Increase in investments in sustainable farming practices and advanced setups to achieve higher volumes of produce
TABLE 90 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 91 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.3 NETHERLANDS
11.3.3.1 Increasing inclination toward efficient farming
TABLE 92 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 93 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.4 UK
11.3.4.1 Increase in awareness and steady adoption among local growers and cultivators to exhibit positive outlook
TABLE 94 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 95 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.5 SWEDEN
11.3.5.1 Gradual adoption of modern farming techniques
TABLE 96 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 97 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.6 ITALY
11.3.6.1 Growth in organic croplands and rise in demand and supply of organic products to bolster demand for hydroponics indoor farming techniques
TABLE 98 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 99 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.7 REST OF EUROPE
11.3.7.1 Demand for controlled environment agriculture to create growth opportunities
TABLE 100 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 101 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 43 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
TABLE 102 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 106 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 111 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.4.1 RECESSION IMPACT ANALYSIS
FIGURE 44 ASIA PACIFIC INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.4.2 CHINA
11.4.2.1 Increase in population and government intervention to drive initiatives for indoor farming techniques
TABLE 112 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 113 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.3 JAPAN
11.4.3.1 Growing initiatives from government and institutions to promote indoor farming
TABLE 114 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 115 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.4 SINGAPORE
11.4.4.1 Farmers shifting toward such cultivation techniques
TABLE 116 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 117 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.5 TAIWAN
11.4.5.1 Small agriculture field size led to increased adoption of indoor farming
TABLE 118 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 119 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.6 REST OF ASIA PACIFIC
11.4.6.1 Demand for minimum wastage of food to boost indoor farming techniques
TABLE 120 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 121 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5 SOUTH AMERICA
TABLE 122 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 123 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 124 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 125 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 126 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 127 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 128 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 129 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 130 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 131 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.5.1 RECESSION IMPACT ANALYSIS
FIGURE 45 SOUTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.5.2 BRAZIL
11.5.2.1 High adoption rate of indoor farming to increase demand
TABLE 132 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 133 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5.3 ARGENTINA
11.5.3.1 Increased adoption among growers to drive demand for indoor farming
TABLE 134 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 135 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5.4 REST OF SOUTH AMERICA
TABLE 136 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 137 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.6 REST OF THE WORLD
TABLE 138 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 139 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 140 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 141 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 142 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 143 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 144 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 145 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 146 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 147 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.6.1 RECESSION IMPACT ANALYSIS
FIGURE 46 REST OF THE WORLD INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.6.2 MIDDLE EAST
11.6.2.1 Lack of food security and increasing imports to drive demand for indoor farming in Middle East
TABLE 148 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 149 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.6.3 AFRICA
11.6.3.1 Increased government initiatives to drive demand for indoor farming
TABLE 150 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 151 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS - 2022
TABLE 152 INDOOR FARMING TECHNOLOGY: DEGREE OF COMPETITION
12.3 STRATEGIES ADOPTED BY KEY PLAYERS
12.4 COMPANY REVENUE ANALYSIS OF KEY PLAYERS, 2019–2022
FIGURE 47 COMPANY REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2019–2022 (USD BILLION)
12.5 KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH
FIGURE 48 ANNUAL REVENUE, 2021 (USD MILLION) VS. REVENUE GROWTH, 2019–2021 (%)
12.6 KEY PLAYERS’ EBIDTA
FIGURE 49 EBITDA, 2021 (USD BILLION)
12.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS
FIGURE 50 INDOOR FARMING TECHNOLOGY MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
12.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
12.8.1 STARS
12.8.2 PERVASIVE PLAYERS
12.8.3 EMERGING LEADERS
12.8.4 PARTICIPANTS
FIGURE 51 INDOOR FARMING TECHNOLOGY MARKET: COMPANY EVALUATION QUADRANT, 2022 (OVERALL MARKET)
12.8.5 PRODUCT FOOTPRINT
TABLE 153 INDOOR FARMING TECHNOLOGY: COMPONENT TYPE FOOTPRINT OF KEY PLAYERS
TABLE 154 INDOOR FARMING TECHNOLOGY: COMPANY FACILITY FOOTPRINT OF KEY PLAYERS
TABLE 155 INDOOR FARMING TECHNOLOGY: COMPANY REGION FOOTPRINT OF KEY PLAYERS
TABLE 156 INDOOR FARMING TECHNOLOGY: OVERALL COMPANY FOOTPRINT OF KEY PLAYERS
12.9 INDOOR FARMING TECHNOLOGY MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
12.9.1 PROGRESSIVE COMPANIES
12.9.2 DYNAMIC COMPANIES
12.9.3 STARTING BLOCKS
12.9.4 RESPONSIVE COMPANIES
FIGURE 52 INDOOR FARMING TECHNOLOGY MARKET: COMPANY EVALUATION QUADRANT, 2021 (STARTUPS/SMES)
12.9.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
TABLE 157 DETAILED LIST OF OTHER PLAYERS
TABLE 158 COMPETITIVE BENCHMARKING (OTHER PLAYERS), 2021
12.10 COMPETITIVE SCENARIO
12.10.1 DEALS
TABLE 159 INDOOR FARMING TECHNOLOGY: DEALS, 2018–2023
12.10.2 OTHERS
TABLE 160 OTHERS, 2018–2021
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 MAJOR PLAYERS
13.1.1 SIGNIFY HOLDING
TABLE 161 SIGNIFY HOLDING: BUSINESS OVERVIEW
FIGURE 53 SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 162 SIGNIFY HOLDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 SIGNIFY HOLDING: DEALS
13.1.2 EVERLIGHT ELECTRONICS CO., LTD
TABLE 165 EVERLIGHT ELECTRONICS CO., LTD: BUSINESS OVERVIEW
FIGURE 54 EVERLIGHT ELECTRONICS CO., LTD: COMPANY SNAPSHOT
TABLE 166 EVERLIGHT ELECTRONICS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 EVERLIGHT ELECTRONICS CO., LTD: DEALS
13.1.3 SCOTTS COMPANY LLC
TABLE 168 SCOTTS COMPANY LLC: BUSINESS OVERVIEW
FIGURE 55 SCOTTS COMPANY LLC: COMPANY SNAPSHOT
TABLE 169 SCOTTS COMPANY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 170 SCOTTS COMPANY LLC: DEALS
13.1.4 NETAFIM
TABLE 171 NETAFIM: BUSINESS OVERVIEW
FIGURE 56 NETAFIM: COMPANY SNAPSHOT
TABLE 172 NETAFIM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 173 NETAFIM: DEALS
13.1.5 HELIOSPECTRA AB
TABLE 174 HELIOSPECTRA AB: BUSINESS OVERVIEW
FIGURE 57 HELIOSPECTRA AB: COMPANY SNAPSHOT
TABLE 175 HELIOSPECTRA AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 176 HELIOSPECTRA AB: OTHERS
13.1.6 ARGUS CONTROL SYSTEMS LIMITED
TABLE 177 ARGUS CONTROL SYSTEMS LIMITED: BUSINESS OVERVIEW
TABLE 178 ARGUS CONTROL SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 179 ARGUS CONTROL SYSTEMS LIMITED: DEALS
13.1.7 LUMIGROW
TABLE 180 LUMIGROW: BUSINESS OVERVIEW
TABLE 181 LUMIGROW: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 182 LUMIGROW: DEALS
13.1.8 WEISSTECHNIK
TABLE 183 WEISS TECHNIK: BUSINESS OVERVIEW
TABLE 184 WEISSTECHNIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.9 PRIVA
TABLE 185 PRIVA: BUSINESS OVERVIEW
TABLE 186 PRIVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 187 PRIVA: DEALS
13.1.10 LOGIQS B.V.
TABLE 188 LOGIQS B.V.: BUSINESS OVERVIEW
TABLE 189 LOGIQS B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.11 ILLUMITEX
TABLE 190 ILLUMITEX: BUSINESS OVERVIEW
TABLE 191 ILLUMITEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 AMHYDRO
TABLE 192 AMHYDRO: BUSINESS OVERVIEW
TABLE 193 AMHYDRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.13 RICHEL GROUP
TABLE 194 RICHEL GROUP: BUSINESS OVERVIEW
TABLE 195 RICHEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 196 RICHEL GROUP: OTHERS
13.1.14 VERTICAL FARM SYSTEMS
TABLE 197 VERTICAL FARM SYSTEMS: BUSINESS OVERVIEW
TABLE 198 VERTICAL FARM SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HYDROPONIC SYSTEM INTERNATIONAL
TABLE 199 HYDROPONIC SYSTEM INTERNATIONAL: BUSINESS OVERVIEW
TABLE 200 HYDROPONIC SYSTEM INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.16 CERTHON
TABLE 201 CERTHON: BUSINESS OVERVIEW
TABLE 202 CERTHON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.17 BLUELAB
TABLE 203 BLUELAB: BUSINESS OVERVIEW
TABLE 204 BLUE LAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.18 BARTON BREEZE
TABLE 205 BARTON BREEZE: BUSINESS OVERVIEW
TABLE 206 BARTON BREEZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.19 GREEN SENSE FARMS HOLDINGS, INC
TABLE 207 GREEN SENSE FARMS HOLDINGS, INC: BUSINESS OVERVIEW
TABLE 208 GREEN SENSE FARMS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.20 GREENER CROPS
TABLE 209 GREENER CROP: BUSINESS OVERVIEW
TABLE 210 GREENER CROP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2 OTHER PLAYERS/STARTUPS
13.2.1 SENSAPHONE
13.2.2 FREIGHT FARMS
13.2.3 CLIMATE CONTROL SYSTEMS
13.2.4 SKY GREENS
13.2.5 SANANBIO
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS
14.1 INTRODUCTION
TABLE 211 ADJACENT MARKETS TO INDOOR FARMING TECHNOLOGY MARKET
14.2 LIMITATIONS
14.3 COMMERCIAL GREENHOUSE MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.3.3 COMMERCIAL GREENHOUSE MARKET, BY TYPE
TABLE 212 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 213 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2022–2027 (USD MILLION)
14.4 HYDROPONICS MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.3 HYDROPONICS MARKET, BY TYPE
TABLE 214 HYDROPONICS MARKET, BY TYPE, 2019–2021 (USD MILLION)
TABLE 215 HYDROPONICS MARKET, BY TYPE, 2022–2027 (USD MILLION)
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 INCLUSIONS & EXCLUSIONS
1.3.2 REGIONAL SEGMENTATION
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.5.1 CURRENCY (VALUE)
TABLE 1 USD EXCHANGE RATES, 2018–2022
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT ANALYSIS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 INDOOR FARMING TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary profiles
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION – DEMAND SIDE (TOP-DOWN APPROACH)
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
2.6 RECESSION IMPACT ON INDOOR FARMING TECHNOLOGY MARKET
2.6.1 MACRO INDICATORS OF RECESSION
FIGURE 6 INDICATORS OF RECESSION
FIGURE 7 WORLD INFLATION RATE: 2011–2021
FIGURE 8 GLOBAL GDP: 2011–2021 (USD TRILLION)
FIGURE 9 RECESSION INDICATORS AND IMPACT ON INDOOR FARMING TECHNOLOGY MARKET
FIGURE 10 GLOBAL INDOOR FARMING TECHNOLOGY MARKET: EARLIER FORECAST VS. RECESSION FORECAST
3 EXECUTIVE SUMMARY
TABLE 2 INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT, 2023 VS. 2028 (VALUE)
FIGURE 11 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)
FIGURE 12 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 13 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
FIGURE 14 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)
FIGURE 15 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN INDOOR FARMING TECHNOLOGY MARKET
FIGURE 16 GROWTH IN TREND OF YEAR-ROUND CROP PRODUCTION TO DRIVE MARKET
4.2 EUROPEAN INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE AND COUNTRY
FIGURE 17 FRUITS & VEGETABLES SEGMENT DOMINATED EUROPEAN MARKET IN 2022
4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM AND REGION, 2023 VS. 2028
FIGURE 18 HYDROPONICS SEGMENT DOMINATED MARKET ACROSS ALL REGIONS BETWEEN 2023 AND 2028
4.4 INDOOR FARMING TECHNOLOGY MARKET, BY KEY COUNTRY
FIGURE 19 CHINA TO BE MOST LUCRATIVE MARKET FOR INDOOR FARMING TECHNOLOGY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 RISE IN GLOBAL POPULATION AND FOOD REQUIREMENTS
FIGURE 20 GLOBAL POPULATION GROWTH TREND, 2011–2021 (BILLION)
5.2.2 DECLINE IN PER CAPITA ARABLE LAND
FIGURE 21 TOTAL AVAILABLE ARABLE LAND, 1950–2020 (HECTARES/PERSON)
5.3 MARKET DYNAMICS
FIGURE 22 INDOOR FARMING TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
5.3.1.1 Rising 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 types of crops grown
5.3.2.3 Lack of government incentives and high prices of hydroponically grown produce dissuading market adoption
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 availability of skilled workforce
5.3.4.3 Risk of equipment failure and delay in learning curve among growers
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 23 INDOOR FARMING TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
6.2.1 RAW MATERIAL SUPPLY
6.2.2 SYSTEM PROVIDERS
6.2.3 TECHNOLOGY PROVIDERS
6.2.4 CONSULTING AND MANAGEMENT SERVICE PROVIDERS
6.2.5 END USERS
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 INDOOR FARMING TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS
6.4 TECHNOLOGY ANALYSIS
6.4.1 TECHNOLOGICAL ADVANCEMENTS
6.4.1.1 Mobile applications and data tracking for assessment of real-time information
6.5 PRICING ANALYSIS
FIGURE 25 INDOOR FARMING TECHNOLOGY MARKET PRICING ANALYSIS AMONG KEY PLAYERS, BY MAJOR HARDWARE COMPONENT, 2022 (USD/UNIT)
FIGURE 26 HYDROPONICS AVERAGE PRICING ANALYSIS, BY REGION, 2017–2021 (USD/SQUARE FOOT)
6.6 MARKET ECOSYSTEM
6.6.1 DEMAND SIDE
6.6.2 SUPPLY SIDE
FIGURE 27 ECOSYSTEM MAP
TABLE 3 INDOOR FARMING TECHNOLOGY MARKET ECOSYSTEM
6.7 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET
FIGURE 28 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET
6.8 PATENT ANALYSIS
FIGURE 29 LIST OF TOP PATENTS IN MARKET FOR LAST TEN YEARS
FIGURE 30 JURISDICTIONS WITH MOST PATENT APPROVALS FOR INDOOR FARMING TECHNOLOGY, 2012–2022
6.8.1 LIST OF MAJOR PATENTS
6.9 TRADE ANALYSIS OF INDOOR FARMING SYSTEMS
6.9.1 TRADING PRICES FOR INDOOR FARMING SYSTEMS
TABLE 4 TOP TEN IMPORTERS AND EXPORTERS OF POLYCARBONATES, 2022 (KT AND USD ‘000)
TABLE 5 TOP TEN IMPORTERS AND EXPORTERS OF POLYETHYLENE, 2022
TABLE 6 TOP TEN IMPORTERS AND EXPORTERS OF POLYMETHYL-METHACRYLATE, 2022 (KT AND ‘000)
TABLE 7 TOP TEN IMPORTERS AND EXPORTERS OF POLYVINYL CHLORIDE, 2022 (KT AND USD ‘000)
6.10 KEY CONFERENCES AND EVENTS
TABLE 8 INDOOR FARMING TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2022–2023
6.11 TARIFF AND REGULATORY LANDSCAPE
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.12 PORTER’S FIVE FORCES ANALYSIS
6.12.1 INDOOR FARMING TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
6.12.2 THREAT OF NEW ENTRANTS
6.12.3 THREAT OF SUBSTITUTES
6.12.4 BARGAINING POWER OF SUPPLIERS
6.12.5 BARGAINING POWER OF BUYERS
6.12.6 DEGREE OF COMPETITION
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES
6.13.2 BUYING CRITERIA
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR INDOOR FARMING TECHNOLOGY
TABLE 15 KEY BUYING CRITERIA FOR COMPONENT TYPES
6.14 CASE STUDY ANALYSIS
6.14.1 LUMIGROW’S CUSTOMERS USE GROW LIGHT SENSORS TO MANAGE LIGHT
6.14.2 SIGNIFY’S LED LIGHTING SOLUTION FOR GOODLEAF TO INCREASE PERENNIAL FOOD PRODUCTION
6.15 REGULATORY FRAMEWORK
6.15.1 INTRODUCTION
6.15.2 REGULATIONS, BY REGION
6.15.2.1 North America
6.15.2.2 Europe
6.15.2.3 Asia Pacific
6.15.2.3.1 India
6.15.2.3.2 China
6.15.2.3.3 Japan
6.15.3 COMMON STANDARDS AND CERTIFICATIONS
7 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT
7.1 INTRODUCTION
FIGURE 33 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
TABLE 16 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 17 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.1.1 RECESSION IMPACT ON COMPONENT SEGMENT
7.2 HARDWARE
7.2.1 USED TO CARRY OUT ENTIRE FUNCTIONING IN INDOOR FARMING
FIGURE 34 HARDWARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
TABLE 18 HARDWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 19 HARDWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2.2 CLIMATE CONTROL SYSTEMS
7.2.3 LIGHTING SYSTEMS
7.2.4 COMMUNICATION SYSTEMS
7.2.5 SENSORS
7.2.6 SYSTEM CONTROLS
7.2.7 IRRIGATION SYSTEMS
7.2.8 OTHERS
TABLE 20 HARDWARE MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 21 HARDWARE MARKET, BY REGION, 2023–2028 (USD MILLION)
8 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE
8.1 INTRODUCTION
FIGURE 35 FRUITS & VEGETABLES SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
TABLE 22 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 23 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
8.1.1 RECESSION IMPACT ON CROP TYPE SEGMENT
8.2 FRUITS & VEGETABLES
8.2.1 ACCEPTANCE OF INDOOR FARMING TO GROW FRUITS & VEGETABLES ACROSS REGIONS
TABLE 24 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 25 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION)
TABLE 26 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 27 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.2.2 LEAFY GREENS
8.2.2.1 Lettuce
8.2.2.2 Kale
8.2.2.3 Spinach
8.2.2.4 Others
TABLE 28 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION)
TABLE 29 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION)
8.2.3 TOMATOES
8.2.4 STRAWBERRIES
8.2.5 EGGPLANTS
8.2.6 OTHER FRUITS & VEGETABLES
8.3 HERBS & MICROGREENS
8.3.1 YEAR-LONG HARVEST BENEFITS BOOST GROWTH OF INDOOR FARM-PRODUCED HERBS AND MICROGREENS
8.3.2 BASIL
8.3.3 HERBS
8.3.4 TARRAGON
8.3.5 WHEATGRASS
TABLE 30 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION)
TABLE 31 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION)
TABLE 32 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 33 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.4 FLOWERS & ORNAMENTALS
8.4.1 INDOOR FARMING ADOPTION FOR FLOWERS AND ORNAMENTALS WITNESSES GRADUAL GROWTH
8.4.2 PERENNIALS
8.4.3 ANNUALS
8.4.4 ORNAMENTALS
TABLE 34 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 35 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION)
TABLE 36 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 37 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
8.5 OTHER CROP TYPES
8.5.1 GROWING AWARENESS AND APPLICATIONS ACROSS CROP TYPES TO PROPEL DEMAND IN COMING YEARS
TABLE 38 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION)
TABLE 39 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION)
9 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE
9.1 INTRODUCTION
FIGURE 36 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION)
TABLE 40 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 41 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
9.1.1 RECESSION IMPACT ON FACILITY TYPE SEGMENT
9.2 GLASS OR POLY GREENHOUSES
9.2.1 WIDESPREAD AVAILABILITY AND ACCEPTANCE OF GLASS OR POLY GREENHOUSES
TABLE 42 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 43 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 INDOOR VERTICAL FARMS
9.3.1 DEPLETING ARABLE AND AGRICULTURAL LAND FOR PRODUCTION OF FRUITS & VEGETABLES TO BOOST DEMAND FOR INDOOR VERTICAL FARMS
TABLE 44 INDOOR VERTICAL FARMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 45 INDOOR VERTICAL FARMS MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 CONTAINER FARMS
9.4.1 NEWER WAYS OF CULTIVATING CROPS GAINING IMMENSE TRACTION
TABLE 46 CONTAINER FARMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 47 CONTAINER FARMS MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 INDOOR DEEP-WATER CULTURE SYSTEMS
9.5.1 DEMAND FOR HEALTHIER AND NUTRIENT-RICH LEAFY VEGETABLES TO DRIVE DEMAND FOR INDOOR DEEP-WATER CULTURE SYSTEMS
TABLE 48 INDOOR DWC SYSTEMS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 49 INDOOR DWC SYSTEMS MARKET, BY REGION, 2023–2028 (USD MILLION)
10 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM
10.1 INTRODUCTION
FIGURE 37 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION)
TABLE 50 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 51 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
10.1.1 RECESSION IMPACT ON GROWING SYSTEMS SEGMENT
10.2 AEROPONICS
10.2.1 AEROPONICS ENABLE HIGHER PRODUCTION OR YIELD TO FACILITATE FASTER GROWTH OF PLANTS
TABLE 52 AEROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 53 AEROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 HYDROPONICS
10.3.1 USED FOR GROWING CROPS IN SOIL-LESS MEDIUM
TABLE 54 HYDROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 55 HYDROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 AQUAPONICS
10.4.1 GROWING AWARENESS AND INNOVATION REGARDING NEWER INDOOR FARMING TECHNIQUES TO BOOST DEMAND FOR AQUAPONICS
TABLE 56 AQUAPONICS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 57 AQUAPONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 SOIL-BASED
10.5.1 GROWING PREVALENCE OF LACK OF FOOD SECURITY TO BOOST DEMAND FOR SOIL-BASED FARMING
TABLE 58 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 59 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 HYBRID
10.6.1 DEVELOPMENTS ACROSS ARRAY OF TECHNIQUES IN INDOOR FARMING MARKET TO HELP GAIN DEMAND FOR HYBRID FARMING
TABLE 60 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 61 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
11 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 38 ASIA PACIFIC COUNTRIES TO WITNESS SIGNIFICANT GROWTH IN INDOOR FARMING TECHNOLOGY MARKET (2023–2028)
TABLE 62 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 63 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
TABLE 64 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 65 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 67 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 71 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 73 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021)
FIGURE 40 NORTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.2.2 US
11.2.2.1 Introduction of newer farming kits and techniques by system providers
TABLE 74 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 75 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.2.3 CANADA
11.2.3.1 High awareness about modern farming techniques
TABLE 76 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 77 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.2.4 MEXICO
11.2.4.1 Larger greenhouse area used for cultivation
TABLE 78 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 79 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3 EUROPE
FIGURE 41 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
TABLE 80 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 81 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 82 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 83 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 84 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 85 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 87 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 88 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 89 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.3.1 RECESSION IMPACT ANALYSIS
FIGURE 42 EUROPE INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.3.2 SPAIN
11.3.2.1 Increase in investments in sustainable farming practices and advanced setups to achieve higher volumes of produce
TABLE 90 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 91 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.3 NETHERLANDS
11.3.3.1 Increasing inclination toward efficient farming
TABLE 92 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 93 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.4 UK
11.3.4.1 Increase in awareness and steady adoption among local growers and cultivators to exhibit positive outlook
TABLE 94 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 95 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.5 SWEDEN
11.3.5.1 Gradual adoption of modern farming techniques
TABLE 96 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 97 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.6 ITALY
11.3.6.1 Growth in organic croplands and rise in demand and supply of organic products to bolster demand for hydroponics indoor farming techniques
TABLE 98 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 99 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.3.7 REST OF EUROPE
11.3.7.1 Demand for controlled environment agriculture to create growth opportunities
TABLE 100 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 101 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 43 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
TABLE 102 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 106 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 111 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.4.1 RECESSION IMPACT ANALYSIS
FIGURE 44 ASIA PACIFIC INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.4.2 CHINA
11.4.2.1 Increase in population and government intervention to drive initiatives for indoor farming techniques
TABLE 112 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 113 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.3 JAPAN
11.4.3.1 Growing initiatives from government and institutions to promote indoor farming
TABLE 114 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 115 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.4 SINGAPORE
11.4.4.1 Farmers shifting toward such cultivation techniques
TABLE 116 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 117 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.5 TAIWAN
11.4.5.1 Small agriculture field size led to increased adoption of indoor farming
TABLE 118 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 119 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.4.6 REST OF ASIA PACIFIC
11.4.6.1 Demand for minimum wastage of food to boost indoor farming techniques
TABLE 120 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 121 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5 SOUTH AMERICA
TABLE 122 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 123 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 124 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 125 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 126 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 127 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 128 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 129 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 130 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 131 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.5.1 RECESSION IMPACT ANALYSIS
FIGURE 45 SOUTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.5.2 BRAZIL
11.5.2.1 High adoption rate of indoor farming to increase demand
TABLE 132 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 133 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5.3 ARGENTINA
11.5.3.1 Increased adoption among growers to drive demand for indoor farming
TABLE 134 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 135 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.5.4 REST OF SOUTH AMERICA
TABLE 136 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 137 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.6 REST OF THE WORLD
TABLE 138 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 139 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 140 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 141 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
TABLE 142 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION)
TABLE 143 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION)
TABLE 144 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
TABLE 145 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 146 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
TABLE 147 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
11.6.1 RECESSION IMPACT ANALYSIS
FIGURE 46 REST OF THE WORLD INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS
11.6.2 MIDDLE EAST
11.6.2.1 Lack of food security and increasing imports to drive demand for indoor farming in Middle East
TABLE 148 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 149 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
11.6.3 AFRICA
11.6.3.1 Increased government initiatives to drive demand for indoor farming
TABLE 150 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION)
TABLE 151 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS - 2022
TABLE 152 INDOOR FARMING TECHNOLOGY: DEGREE OF COMPETITION
12.3 STRATEGIES ADOPTED BY KEY PLAYERS
12.4 COMPANY REVENUE ANALYSIS OF KEY PLAYERS, 2019–2022
FIGURE 47 COMPANY REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2019–2022 (USD BILLION)
12.5 KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH
FIGURE 48 ANNUAL REVENUE, 2021 (USD MILLION) VS. REVENUE GROWTH, 2019–2021 (%)
12.6 KEY PLAYERS’ EBIDTA
FIGURE 49 EBITDA, 2021 (USD BILLION)
12.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS
FIGURE 50 INDOOR FARMING TECHNOLOGY MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
12.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
12.8.1 STARS
12.8.2 PERVASIVE PLAYERS
12.8.3 EMERGING LEADERS
12.8.4 PARTICIPANTS
FIGURE 51 INDOOR FARMING TECHNOLOGY MARKET: COMPANY EVALUATION QUADRANT, 2022 (OVERALL MARKET)
12.8.5 PRODUCT FOOTPRINT
TABLE 153 INDOOR FARMING TECHNOLOGY: COMPONENT TYPE FOOTPRINT OF KEY PLAYERS
TABLE 154 INDOOR FARMING TECHNOLOGY: COMPANY FACILITY FOOTPRINT OF KEY PLAYERS
TABLE 155 INDOOR FARMING TECHNOLOGY: COMPANY REGION FOOTPRINT OF KEY PLAYERS
TABLE 156 INDOOR FARMING TECHNOLOGY: OVERALL COMPANY FOOTPRINT OF KEY PLAYERS
12.9 INDOOR FARMING TECHNOLOGY MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
12.9.1 PROGRESSIVE COMPANIES
12.9.2 DYNAMIC COMPANIES
12.9.3 STARTING BLOCKS
12.9.4 RESPONSIVE COMPANIES
FIGURE 52 INDOOR FARMING TECHNOLOGY MARKET: COMPANY EVALUATION QUADRANT, 2021 (STARTUPS/SMES)
12.9.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
TABLE 157 DETAILED LIST OF OTHER PLAYERS
TABLE 158 COMPETITIVE BENCHMARKING (OTHER PLAYERS), 2021
12.10 COMPETITIVE SCENARIO
12.10.1 DEALS
TABLE 159 INDOOR FARMING TECHNOLOGY: DEALS, 2018–2023
12.10.2 OTHERS
TABLE 160 OTHERS, 2018–2021
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 MAJOR PLAYERS
13.1.1 SIGNIFY HOLDING
TABLE 161 SIGNIFY HOLDING: BUSINESS OVERVIEW
FIGURE 53 SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 162 SIGNIFY HOLDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 SIGNIFY HOLDING: DEALS
13.1.2 EVERLIGHT ELECTRONICS CO., LTD
TABLE 165 EVERLIGHT ELECTRONICS CO., LTD: BUSINESS OVERVIEW
FIGURE 54 EVERLIGHT ELECTRONICS CO., LTD: COMPANY SNAPSHOT
TABLE 166 EVERLIGHT ELECTRONICS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 EVERLIGHT ELECTRONICS CO., LTD: DEALS
13.1.3 SCOTTS COMPANY LLC
TABLE 168 SCOTTS COMPANY LLC: BUSINESS OVERVIEW
FIGURE 55 SCOTTS COMPANY LLC: COMPANY SNAPSHOT
TABLE 169 SCOTTS COMPANY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 170 SCOTTS COMPANY LLC: DEALS
13.1.4 NETAFIM
TABLE 171 NETAFIM: BUSINESS OVERVIEW
FIGURE 56 NETAFIM: COMPANY SNAPSHOT
TABLE 172 NETAFIM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 173 NETAFIM: DEALS
13.1.5 HELIOSPECTRA AB
TABLE 174 HELIOSPECTRA AB: BUSINESS OVERVIEW
FIGURE 57 HELIOSPECTRA AB: COMPANY SNAPSHOT
TABLE 175 HELIOSPECTRA AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 176 HELIOSPECTRA AB: OTHERS
13.1.6 ARGUS CONTROL SYSTEMS LIMITED
TABLE 177 ARGUS CONTROL SYSTEMS LIMITED: BUSINESS OVERVIEW
TABLE 178 ARGUS CONTROL SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 179 ARGUS CONTROL SYSTEMS LIMITED: DEALS
13.1.7 LUMIGROW
TABLE 180 LUMIGROW: BUSINESS OVERVIEW
TABLE 181 LUMIGROW: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 182 LUMIGROW: DEALS
13.1.8 WEISSTECHNIK
TABLE 183 WEISS TECHNIK: BUSINESS OVERVIEW
TABLE 184 WEISSTECHNIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.9 PRIVA
TABLE 185 PRIVA: BUSINESS OVERVIEW
TABLE 186 PRIVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 187 PRIVA: DEALS
13.1.10 LOGIQS B.V.
TABLE 188 LOGIQS B.V.: BUSINESS OVERVIEW
TABLE 189 LOGIQS B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.11 ILLUMITEX
TABLE 190 ILLUMITEX: BUSINESS OVERVIEW
TABLE 191 ILLUMITEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 AMHYDRO
TABLE 192 AMHYDRO: BUSINESS OVERVIEW
TABLE 193 AMHYDRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.13 RICHEL GROUP
TABLE 194 RICHEL GROUP: BUSINESS OVERVIEW
TABLE 195 RICHEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 196 RICHEL GROUP: OTHERS
13.1.14 VERTICAL FARM SYSTEMS
TABLE 197 VERTICAL FARM SYSTEMS: BUSINESS OVERVIEW
TABLE 198 VERTICAL FARM SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HYDROPONIC SYSTEM INTERNATIONAL
TABLE 199 HYDROPONIC SYSTEM INTERNATIONAL: BUSINESS OVERVIEW
TABLE 200 HYDROPONIC SYSTEM INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.16 CERTHON
TABLE 201 CERTHON: BUSINESS OVERVIEW
TABLE 202 CERTHON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.17 BLUELAB
TABLE 203 BLUELAB: BUSINESS OVERVIEW
TABLE 204 BLUE LAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.18 BARTON BREEZE
TABLE 205 BARTON BREEZE: BUSINESS OVERVIEW
TABLE 206 BARTON BREEZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.19 GREEN SENSE FARMS HOLDINGS, INC
TABLE 207 GREEN SENSE FARMS HOLDINGS, INC: BUSINESS OVERVIEW
TABLE 208 GREEN SENSE FARMS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.20 GREENER CROPS
TABLE 209 GREENER CROP: BUSINESS OVERVIEW
TABLE 210 GREENER CROP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2 OTHER PLAYERS/STARTUPS
13.2.1 SENSAPHONE
13.2.2 FREIGHT FARMS
13.2.3 CLIMATE CONTROL SYSTEMS
13.2.4 SKY GREENS
13.2.5 SANANBIO
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS
14.1 INTRODUCTION
TABLE 211 ADJACENT MARKETS TO INDOOR FARMING TECHNOLOGY MARKET
14.2 LIMITATIONS
14.3 COMMERCIAL GREENHOUSE MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.3.3 COMMERCIAL GREENHOUSE MARKET, BY TYPE
TABLE 212 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 213 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2022–2027 (USD MILLION)
14.4 HYDROPONICS MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.3 HYDROPONICS MARKET, BY TYPE
TABLE 214 HYDROPONICS MARKET, BY TYPE, 2019–2021 (USD MILLION)
TABLE 215 HYDROPONICS MARKET, BY TYPE, 2022–2027 (USD MILLION)
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
