Indoor Farming Technology Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2020–2028

Reports and Data has recently added a new market research report titled Global Indoor Farming Technology Market Forecast to 2028 to its ever-expanding repository. The report discusses in detail the impact of latest trends, emerging trends, shifts in consumer preference, macro- and micro-economic growth factors, and regulatory framework. The report also provides key statistical data about market share, market size, revenue growth, sales and distribution channel, regional bifurcation, and top companies operating in the market. The report aims to offer strategic recommendations to established companies and novice players to help them capitalize on lucrative growth opportunities and gain a robust footing in the market.

Top companies operating in the market and profiled in the report are: Signify Holding, Everlight Electronics, Argus Control Systems, LumiGrow, Netafim, Logiqs, Illumitex, Hydrodynamics International, American Hydroponics, Richel Group, Vertical Farm Systems, General Hydroponics, Agrilution, Heliospectra AB, Scotts Miracle Gro, Hydroponics System International, Advanced Nutrients, Emerald Harvest, VitaLink, and Grobo.

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Market Dynamics:

Modern agricultural practices, innovative agrochemicals, rising preference for plant breeding, and rapid technological advancements in farm machinery and equipment have exponentially increased crop yields. Agriculture industry is a crucial revenue generating sector which contributes significantly to the country’s economic growth. Growing population worldwide and rapidly rising demand for food has increased demand for high-yield crops, dairy products, and meat. Agriculture sector covers the production of food, fabrics such as cotton and wool, and wood for construction and paper products. Increasing demand for these products from various end-use industries has accelerated revenue growth of the market over the recent past.

Technological advancement in farming tools and increasing use of energy-intensive mechanization, fertilizers, and pesticides have largely contributed to improved agricultural output. However, increasing dependence on petrochemicals and subsequent negative impact on the environment have raised concerns about reduced agricultural output. Paradigm shift towards green agriculture to conserve biodiversity, prevent land degradation, minimize climate change mitigation, and reduce overall negative impact of traditional agricultural practices have revolutionized agricultural sector. Rapid adoption of sustainable agriculture has led to efficient catering of present food and textile demands without compromising the environment. The report further discusses in detail the drivers, restraints, challenges, limitations, and threats the market is expected to face over the coming years.

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Report Scope & Segmentation:

The report further offers a comprehensive assessment of the competitive landscape with regards to market size, market share, revenue contribution, product portfolio, manufacturing and production capacity, and business expansion plans of each key players to provide a competitive edge to the readers, clients, stakeholders, and investors. The report also sheds light on the recent mergers & acquisitions, joint ventures, collaborations, product advancements and launches, R&D activities, agreements, government and corporate deals, and brand promotions, among others.

The report also offers insightful data about the market spread in key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The section covers production and consumption patterns, import/export, consumer demand, technological advancements, regulatory framework, and strategic initiatives undertaken by key players in each region.

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The report further segments the Indoor Farming Technology market on the basis of types and applications offered by the market. Based on type, the global Indoor Farming Technology market has been segmented into

For the purpose of this report, the global indoor farming technology market is segmented based on growing system, component type, facility type, crop type, and region:

Growing System Outlook (Revenue, USD Billion; 2018-2028)

  • Soil-based
  • Hydroponics
  • Aquaponics
  • Aeroponics
  • Hybrid

Component Type Outlook (Revenue, USD Billion; 2018-2028)

  • Hardware
  • Software & Services

Facility Type Outlook (Revenue, USD Billion; 2018-2028)

  • Indoor Vertical Farms
  • Glass or Poly Greenhouse
  • Indoor DWC Systems
  • Container Farms

Crop Type Outlook (Revenue, USD Billion; 2018-2028)

  • Fruits & vegetables
  • Flowers & Ornamentals
  • Herbs & Microgreens
  • Others.

The report offers a qualitative and quantitative analysis of the global Indoor Farming Technology market and covers SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. The report has been formulated through extensive primary and secondary research and key data has been organized into tables, charts, and other pictorial representation to offer better understanding of the expected market growth over the forecast period.

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