Global indoor farming technology market size study, by growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid) Facility type (glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems), Component (hardware and software & services), Crop Type (fruits & vegetables, herbs & microgreens, flowers & ornamentals and others) and Regional Forecasts 2019-2025.

  • No of Pages: 110
  • Publisher: Bizwit
  • Category: Agriculture
20off

Global indoor farming technology market to reach USD 53.1 billion by 2025.

Global indoor farming technology market is valued approximately USD 25.40 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 9.65 % over the forecast period 2019-2025. Rising need for higher yields using limited water and space is key trend that are responsible for the wide adoption of indoor farming technology globally. Moreover, production of biopharmaceutical products offers lucrative growth opportunities for the global indoor farming market over the forecast period of 2019-2025.
Global indoor farming technology market is significantly driven by growing demand for fresh foods with higher nutritive value. According to the IIFT, a research conducted by Euromonitor International reveals that in 2016, global demand for fresh food increased by 3% in terms of volume. Also, Asia-Pacific and Middle East experienced the growth owing to the disposable budgets and growing population. In China, sales of fresh organics increased approximately 30% in 2016. In addition, broader availability of organic fresh foods through online companies, store-based retailers and direct sellers made it easier for consumer to adopt fresh organic foods. Thus, growing demand for fresh foods is likely to increase the demand for indoor farming considering availability of low space in developed countries. As a result, the demand & adoption of indoor farming technology would increase thereby, aiding the growth of the market over the forecast period. However, high initial investments and limitations on the types of crops that can be grown are the major factors that impede the growth of global indoor farming technology market.

On the basis of segmentation, the indoor farming technology market is segmented into growing system, facility type, component and crop type. The growing segment of global indoor farming technology market is classified into aeroponics, hydroponics, aquaponics, soil-based and hybrid of which hydroponics holds the largest market share in terms of revenue owing to application of hydroponics growth mechanism helps to mitigate most of risks such as limited space in urban areas and low availability of water and it provides ample fresh produce. The facility type segment includes glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems of which glass or poly greenhouses segment holds the leading position as area under greenhouse cultivation is larger as compared to indoor vertical farms. Based on component segment the market is segmented into hardware and software & services. On the basis of crop type segment, global indoor farming market is segmented into fruits & vegetables, herbs & microgreens, flowers & ornamentals and others.

The regional analysis of indoor farming technology market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific have occupied major share in the global indoor farming technology market. The major reasons for the dominance of Asia-Pacific are growth in the number of indoor farms in countries such as China and Japan. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to climate variations in this region.
The leading market players include-

 Philips Lighting
 Everlight Electronics
 Argus Controls Systems
 Netafim
 Lumigrow
 Logiqs
 Illumitex
 Vertical Farm Systems
 Hydrodynamics International
 General Hydroponics

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Growing system:
 Aeroponics
 Hydroponics
 Aquaponics
 Soil-Based
 Hybrid
By Facility Type:
 Glass or Poly Greenhouses
 Indoor Vertical Farms
 Container Farms
 Indoor Deep-Water Culture (DWC) systems
By Component:
 Hardware
o Climate Control Systems
o Lighting Systems
o Communication Systems
o Sensors
o System Controls
o Irrigation Systems
o Software & Services
 Equipment
By Crop Type:
 Fruits & Vegetables
o Leafy Greens
o Tomato
o Strawberry
o Eggplant

 Herbs & Microgreens
o Basil
o Herbs
o Tarragon
o Wheatgrass
 Flowers & Ornamentals
o Perennials
o Annuals
o Ornamentals
 Others
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
o ROE
 Asia Pacific
o China
o India
o Japan
o ROAPEC
 LAMEA
o Brazil
o Mexico
 ROW
o Middle East & Africa

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016, 2017
Base year – 2018
Forecast period – 2019 to 2025

Target Audience of the Global Indoor Farming Technology Market in Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

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TABLE OF CONTENTS
Chapter 1. Global Indoor Farming Technology Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Indoor Farming Technology Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Indoor Farming Technology Market, By Growing system
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Indoor Farming Technology Market, Sub Segment Analysis
5.3.1. Aeroponics
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Hydroponics
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Aquaponics
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.4. Soil-Based
5.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.5. Hybrid
5.3.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Indoor Farming Technology Market, By Facility Type
6.1. Market Snapshot
6.2. Market Performance - Potential Model
6.3. Global Indoor Farming Technology Market, Sub Segment Analysis
6.3.1. Glass Or Poly Greenhouses
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.2. Indoor Vertical Farms
6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.3. Container Farms
6.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.4. Indoor Deep Water Culture (DWC) systems
6.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 7. Global Indoor Farming Technology Market, By Component
7.1. Market Snapshot
7.2. Market Performance - Potential Model
7.3. Global Indoor Farming technology Market, Sub Segment Analysis
7.3.1. Hardware
7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
7.3.1.3. Market sub-segments
7.3.1.3.1. Climate Control Systems
7.3.1.3.2. Lighting Systems
7.3.1.3.3. Communication Systems
7.3.1.3.4. Sensors
7.3.1.3.5. System Controls
7.3.1.3.6. Irrigation Systems
7.3.2. Software & Services
7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
7.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 8. Global Indoor Farming Technology Market, By Crop Type
8.1. Market Snapshot
8.2. Market Performance - Potential Model
8.3. Global Indoor Farming Technology Market, Sub Segment Analysis
8.3.1. Fruits & Vegetables
8.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
8.3.1.3. Market subsegment
8.3.1.3.1. Leafy Greens
8.3.1.3.2. Tomato
8.3.1.3.3. Strawberry
8.3.1.3.4. Eggplant
8.3.2. Herbs & Microgreens
8.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
8.3.2.3. Market subsegments
8.3.2.3.1. Basil
8.3.2.3.2. Herbs
8.3.2.3.3. Tarragon
8.3.2.3.4. Wheatgrass
8.3.3. Flowers & Ornamentals
8.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
8.3.3.3. Market subsegments
8.3.3.3.1. Perennials
8.3.3.3.2. Annuals
8.3.3.3.3. Ornamentals
8.3.4. Others
8.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
8.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 9. Global Indoor Farming Technology Market, by Regional Analysis
9.1. Indoor Farming technology Market, Regional Market Snapshot (2015-2025)
9.2. North America Indoor Farming technology Market Snapshot
9.2.1. U.S.
9.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.2.1.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.1.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.1.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.2. Canada
9.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.2.2.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.2.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.2.2.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3. Europe Indoor Farming technology Market Snapshot
9.3.1. U.K.
9.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.1.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.1.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.1.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.2. Germany
9.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.2.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.2.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.2.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.3. Rest of Europe
9.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.3.3.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.3.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.3.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3.3.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4. Asia Indoor Farming technology Market Snapshot
9.4.1. China
9.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.4.1.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.1.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.1.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.2. India
9.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.4.2.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.2.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.2.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.3. Japan
9.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.4.3.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.3.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.3.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.3.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.4. Rest of Asia Pacific
9.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.4.4.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.4.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.4.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4.4.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)

9.5. Latin America Indoor Farming technology Market Snapshot
9.5.1. Brazil
9.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.5.1.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.1.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.1.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)

9.5.2. Mexico
9.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.5.2.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.2.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5.2.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.6. Rest of The World
9.6.1. Middle East and Africa
9.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
9.6.1.2. Growing system breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.6.1.3. Facility type breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.6.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.6.1.5. Crop type breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 10. Competitive Intelligence
10.1. Company Market Share (Subject to Data Availability)
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Philips Lighting
10.3.1.1. Overview
10.3.1.2. Financial (Subject to Data Availability)
10.3.1.3. Product Summary
10.3.1.4. Recent Developments
10.3.2. Everlight Electronics
10.3.3. Argus Controls Systems
10.3.4. Netafim
10.3.5. Lumigrow
10.3.6. Logiqs
10.3.7. Illumitex
10.3.8. Vertical Farm Systems
10.3.9. Hydrodynamics International
10.3.10. General Hydroponics

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.