Indoor Farming Technology Market Size, Share, Trends, Growth

Quince Market Insights has released a new research study titled “Indoor Farming Technology Market” 2023 analysis by the following subjects: “Industry size, share, growth, segmentation, companies and developments, key trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, potential road maps, and annual forecast till 2032′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. As a result, the client has complete knowledge of the market and business from past, present, and prospective aspects enabling them to allocate resources and invest money wisely. This report has a complete table of contents, Market figures, tables, and charts, as well as insightful analysis.

The Global Indoor Farming Technology Market is estimated to reach around USD 32 billion in 2021 and is projected to grow at a CAGR of 9.19% during the forecast period

Key Highlights of the Indoor Farming Technology Market Analysis include:

The report includes historical, forecast data, which is used to make future predictions and industry analysis.
The report includes information on regional and global trade, as well as consumption value and production capacity for each country.
Additional essential metrics used for market growth research include Porter's five forces analysis, value chain analysis, and SWOT analysis.
For 2020 and 2021, the study provides concise insights into how the pandemic has affected demand.
Profiles of some of the major players in the global Indoor Farming Technology Market, which include General Hydroponics, Netafim, Richel Group, LumiGrow, Illumitex, Agrilution, Hydrodynamics International, Argus Control Systems Ltd, Signify Holding, Everlight Electronics, Vertical Farm Systems, EXDIN Solutions, Universal Pure, Heliospectra AB, and Philips Lighting

The indoor farming technology includes vertical farming, greenhouse farms, and controlled environmental agriculture. The indoor farming systems can be laid as multi-tier vertical farms and horizontal farms. For flowers and ornamental production, a greenhouse farm is adopted widely. Controlled environmental agriculture helps to optimize horticultural practices.

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The global Indoor Farming Technology Market research report utilizes both primary and secondary data sources. Government laws, market circumstances, competitive levels, historical data, market status, anticipated changes in linked firms, market volatility, and prospects are just a few of the industry-affecting elements studied during the research process.

Key Impact Factors of the Market:

Indoor farming requires limited area and water, where leafy vegetables are grown in the presence of LED lights, which can optimize the plant growth and help farmers to save money. Growing food demand, environment-friendly methods, and organic farming are the main factors driving the indoor farming technology market.

The global Indoor Farming Technology Market is segmented on the basis

By Growing Method (Hydroponics, Aeroponics, Aquaponics, Soil-Based, Hybrid), By Facility Type (Glass or Poly Greenhouse, Indoor Vertical Farm, Container Farm and Indoor DWC System), By Components (Hardware, Software and Services), By Crop Type (Fruits and Vegetables, Leafy Vegetables, Tomato, Strawberry, Eggplant and Others, Herbs and Microgreens, Flowers and Ornamentals, Others), and

Regional Analysis:

✫ North America (U.S., Canada, Mexico) ✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe) ✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Singapore, Rest of Asia Pacific) ✫ South America (Colombia, Brazil, Argentina, Rest of South America) ✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Industry News of the Market:

In April 2021, Kalera, a fastest growing vertical farming company, announced that its Atlanta vertical farming facility, largest vertical farm in Southeastern United States — will produce lettuce heads over 10 million per year
In March 2021, AmplifiedAg, Inc introduced indoor vertical farming platform including hydroponics and seed to sale SaaS-based technology
In December 2020 Grov Technologies announced its collaboration with Amazon Web Services (AWS) to grow high density nutrient animal feed by applying cloud-based machine learning to robotic vertical indoor farming
In December 2020, &ever Singapore Pte Ltd, received funding for highly productive farming systems and will produce annually up to 500,000 kg of green leafy vegetables for Singapore consumers using dryponics method

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Market, Size, Opportunities, Scope, Share, Growth