Indoor Farming Technology Market

Indoor Farming Technology Market Size, Share, Growth Analysis, By Growing System(Hydroponics, Aeroponics, Aquaponics, Soil-based), By Facility Type(Glass or poly greenhouses, Indoor vertical farms, Container farms, Indoor DWC systems), By Component(Hardware, Climate Control Systems, Lighting Systems, Communication Systems), By Crop Type(Fruits & vegetables, Leafy greens, Lettuce, Kale), By Region(North America, Europe, Asia Pacific, South America) - Industry Forecast 2025-2032


Report ID: UCMIG30H2094 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Indoor Farming Technology Market Insights

Market Overview:

The indoor farming technology industry is expected to experience significant growth, with a projected value of USD 32.3 billion by 2028, up from USD 20.3 billion in 2023. This growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period. The driving factors behind this expansion include a rising demand for fresh and highly nutritious foods, the necessity to maximize yields within constrained space and water resources, and the reduced susceptibility to adverse weather conditions typically associated with outdoor farming.

Indoor Farming Technology Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Indoor Farming Technology was estimated to be valued at US$ XX Mn in 2021.

The Indoor Farming Technology Market is estimated to grow at a CAGR of XX% by 2028.

The Indoor Farming Technology Market is segmented on the basis of Growing System, Facility Type, Component, Crop Type, Region.

Based on region, the Indoor Farming Technology Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Indoor Farming Technology Market are Scotts Company LLC, Signify Holding, EVERLIGHT ELECTRONICS CO., LTD, NETAFIM, Heliospectra AB, Argus Control Systems Limited, Lumigrow, Inc, weisstechnik, Priva, LOGIQS.B.V..

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Indoor Farming Technology Market

Report ID: UCMIG30H2094

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