Global Indoor Farming Technology Market Overview And Prospects – Includes Indoor Farming Technology Market Size
Learn about the global indoor farming technology market through The Business Research Company, which provides information on indoor farming technology market size, indoor farming technology market drivers and restraints, indoor farming technology market players, the COVID-19 impact on the indoor farming technology market, and more.
The global indoor farming technology market size is expected to grow from $26.46 billion in 2021 to $29.13 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The indoor farming tech market size is expected to grow to $46.16 billion in 2026 at a CAGR of 12.2%.
The rising adoption of vertical farming of agriculture is likely to contribute the growth of the indoor farming technology market.
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The indoor farming technology market consists of sales of indoor farming technologies by entities (organizations, sole traders, and partnerships) that is a form of producing crops and plants inside the home by utilization of artificial control of light, environmental control such as humidity, temperature, gases and fertigation. Indoor farming is used to encourage local production of crops in cities and also to deliver fresh produce in city areas where plots of land are not readily available for cultivation and farming.
Global Indoor Farming Technology Market Segments Include:
By Crop Type: Fruits and Vegetables, Flowers and Ornamentals, Herbs and Microgreens
By Component: Hardware, Software and Services, Integrated Systems
By Facility Type: Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems
By Growing System: Aeroponics, Aquaponics, Hybrid
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the indoor farming technology market in 2021.
Strategic partnerships are shaping the indoor farming technology market. The companies that operate in unified endpoint management are undergoing partnerships.
Major Market Players: Advanced Nutrients, Agrilution GmbH, American Hydroponics, BrightFarms, General Hydroponics, Hydrodynamics International, Logiqs Vertical Farming, Netafim, Vertical Farm Systems, AeroFarms, Bowery Inc., Freight Farms, Metropolis Farms Inc., and Scotts Miracle Gro.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Indoor Farming Technology Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides indoor farming technology market overviews, analyzes and forecasts market size, share, indoor farming technology market players, indoor farming technology market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s indoor farming technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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