Indoor Farming Technology Market to Witness Growth Acceleration by 2028

Indoor Farming Technology market size is projected to reach US$ 26270 million by 2028 at a CAGR of 5% during 2022-2028. Indoor farming techniques are methods of growing crops or plants throughout the house using a variety of techniques. This agricultural methodology includes a variety of cultivation systems that provide artificial lighting for growing plants with nutrients. Indoor farming techniques can be used commercially at home and in small and large scales. The hydroponics sector will show profitable growth over the forecast period as applying hydroponic cultivation mechanisms based on hydroponic cultivation systems will help mitigate most of the risk of food shortages due to the abundance of fresh produce and exposure to climate change. Soil pollution, limited space in urban areas, and most importantly, lack of water.

Company Profile

• Philips Lighting (Netherlands)
• Netafim (Israel)
• Argus Controls Systems (Canada)
• EVERLIGHT Electronics (Taiwan)
• LumiGrow (US)

Market Segmentation

By Type

• Hardware
• Software & services

By Application

• Fruits & vegetables
• Herbs & micro greens
• Flowers & ornamentals

Scope of the Report

The research study analyzes the Indoor Farming Technology Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Indoor Farming Technology Market Report

1. What was the Indoor Farming Technology Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Indoor Farming Technology Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Indoor Farming Technology Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Indoor Farming Technology Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Indoor Farming Technology
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Indoor Farming Technology
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Indoor Farming Technology Market.