HOME Top Market Reports Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), and Region - Global Forecast to 2022

Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: AGI 6217

 

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The indoor farming technology market was valued at USD 23.75 Billion in 2016, and is projected to reach 40.25 Billion by 2022, at a CAGR of 9.65% during the forecast period.

The years considered for the study are as follows:

  • Base year – 2016
  • Forecast period – 2017 to 2022

Objectives of the report

  • Determining and projecting the size of the indoor farming technology market with respect to its growing systems, facility types, components, crop types, and regional markets, over a five-year period ranging from 2017 to 2022
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Analyzing the demand-side factors on the basis of the following:
  • Impact of macroeconomic and microeconomic factors on the market
  • Shifts in demand patterns across different subsegments and regions

Research Methodology:

  • Major regions were identified along with countries contributing the maximum share.
  • Secondary research was conducted to determine the value of indoor farming technology market for five regions—North America, Europe, Asia Pacific, South America, and RoW.
  • The key players have been identified through secondary sources such as the US Department of Agriculture (USDA), the National Greenhouse Manufacturers Association (NGMA), the Foundation for the Development of Controlled Environment Agriculture (FDCEA), and the Environmental Protection Agency (EPA), while their market share in respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the indoor farming technology market.

Indoor Farming Technology Market

To know about the assumptions considered for the study, download the pdf brochure

The various contributors involved in the value chain of the indoor farming technology market include raw material suppliers, R&D institutes, agricultural surfactant manufacturing companies as Philips Lighting (Netherlands), Netafim (Israel), Argus Controls Systems (Canada), EVERLIGHT Electronics (Taiwan), and LumiGrow (US), and government bodies & regulatory associations such as the US Department of Agriculture (USDA) and the US Environmental Protection Agency (EPA).

Target Audience

The stakeholders for the report are as follows:

  • Manufacturers of indoor farming equipment
  • Associations and industry bodies
  • Government and research organizations
  • Key indoor farming component manufacturers key companies
  • Manufacturers, traders, distributors, and suppliers of hydroponics, aeroponics, and aquaponics
  • Technology providers for indoor farming

Scope of the Report:

This research report categorizes the indoor farming technology market based on growing system, facility type, component, crop type, and region.

Based on Growing System, the market has been segmented as follows:

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

Based on Facility Type, the market has been segmented as follows:

  • Glass or poly greenhouses
  • Indoor vertical farms
  • Container farms
  • Indoor Deep Water Culture (DWC) systems

Based on Component, the market has been segmented as follows:

  • Hardware
  • Software & services

Based on Crop Type, the market has been segmented as follows:

  • Fruits & vegetables
  • Herbs & microgreens
  • Flowers & ornamentals
  • Others (cannabis and cannabis)

Based on Region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Africa and the Middle East)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the service portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific indoor farming technology market into Australia, South Korea, and the Philippines
  • Further breakdown of the Rest of European indoor farming technology market into Belgium, Finland, Denmark, and Slovakia
  • Further breakdown of the Rest of South American indoor farming technology market into Venezuela and Puerto Rico

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Indoor Farming Technology Market
    4.2 European Indoor Farming Technology Market, By Crop Type and Country
    4.3 Indoor Farming Technology Market, By Growing System & Region
    4.4 Indoor Farming Technology Market, By Key Country
    4.5 Indoor Farming Technology Market, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Macroeconomic Indicators
           5.2.1 Rise in Global Population and Food Requirements
           5.2.2 Decline in Per Capita Arable Land
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rise in Demand for Fresh Foods With Higher Nutritive Value
                    5.3.1.2 Need for Higher Yields Using Limited Space and Water
                    5.3.1.3 Lesser Impact of External Weather Conditions
           5.3.2 Restraints
                    5.3.2.1 High Initial Investments
                    5.3.2.2 Limitations on the Type of Crops That Can Be Grown
           5.3.3 Opportunities
                    5.3.3.1 Development of Innovative and Cost-Effective Technologies
                    5.3.3.2 Production of Biopharmaceutical Products
           5.3.4 Challenges
                    5.3.4.1 Lack of Adequate Funding
                    5.3.4.2 Shortage in the Availability of Skilled Work-Force
    5.4 Regulatory Framework
    5.5 Patent Analysis
           5.5.1 List of Major Patents

6 Indoor Farming Technology Market, By Growing System (Page No. - 47)
    6.1 Introduction
    6.2 Aeroponics
    6.3 Hydroponics
    6.4 Aquaponics
    6.5 Soil-Based
    6.6 Hybrid

7 Indoor Farming Technology Market, By Facility Type (Page No. - 54)
    7.1 Introduction
    7.2 Glass Or Poly Greenhouses
    7.3 Indoor Vertical Farms
    7.4 Container Farms
    7.5 Indoor Deep Water Culture (DWC) Systems

8 Indoor Farming Technology Market, By Component (Page No. - 59)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Climate Control Systems
           8.2.2 Lighting Systems
           8.2.3 Communication Systems
           8.2.4 Sensors
           8.2.5 System Controls
           8.2.6 Irrigation Systems
           8.2.7 Others
    8.3 Software & Services

9 Indoor Farming Technology Market, By Crop Type (Page No. - 65)
    9.1 Introduction
    9.2 Fruits & Vegetables
           9.2.1 Leafy Greens
                    9.2.1.1 Lettuce
                    9.2.1.2 Kale
                    9.2.1.3 Spinach
                    9.2.1.4 Others
           9.2.2 Tomato
           9.2.3 Strawberry
           9.2.4 Eggplant
           9.2.5 Others
    9.3 Herbs & Microgreens
           9.3.1 Basil
           9.3.2 Herbs
           9.3.3 Tarragon
           9.3.4 Wheatgrass
    9.4 Flowers & Ornamentals
           9.4.1 Perennials
           9.4.2 Annuals
           9.4.3 Ornamentals
    9.5 Other Crops

10 Indoor Farming Technology Market, By Region (Page No. - 74)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Spain
             10.3.2 Netherlands
             10.3.3 UK
             10.3.4 Sweden
             10.3.5 Italy
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Singapore
             10.4.4 Taiwan
             10.4.5 Rest of Asia Pacific
     10.5 South America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Rest of South America
     10.6 Rest of the World
             10.6.1 Middle East
             10.6.2 Africa

11 Competitive Landscape (Page No. - 108)
     11.1 Overview
     11.2 Company Rankings
     11.3 Competitive Scenario
             11.3.1 Agreements, Contracts, Collaborations, and Partnerships
             11.3.2 New Product Launches & Developments
             11.3.3 Expansions
             11.3.4 Acquisitions

12 Company Profiles (Page No. - 113)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Philips Lighting
     12.2 Everlight Electronics
     12.3 Argus Controls Systems
     12.4 Netafim
     12.5 Lumigrow
     12.6 Logiqs
     12.7 Illumitex
     12.8 Vertical Farm Systems
     12.9 Hydrodynamics International
     12.10 General Hydroponics
     12.11 Richel Group
     12.12 American Hydroponics
     12.13 Agrilution

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 140)
     13.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.2 Introducing RT: Real-Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (75 Tables)

Table 1 USD Exchange Rate, 2015–2017
Table 2 Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 3 Aeroponics Market Size, By Region, 2015–2022 (USD Million)
Table 4 Hydroponics Market Size, By Region, 2015–2022 (USD Million)
Table 5 Aquaponics Market Size, By Region, 2015–2022 (USD Million)
Table 6 Soil-Based Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 7 Hybrid Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 8 Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 9 Glass Or Poly Greenhouses Market Size, By Region, 2015–2022 (USD Million)
Table 10 Indoor Vertical Farms Market Size, By Region, 2015–2022 (USD Million)
Table 11 Container Farms Market Size, By Region, 2015–2022 (USD Million)
Table 12 Indoor DWC Systems Market Size, By Region, 2015–2022 (USD Million)
Table 13 Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 14 Hardware Market Size, By Component, 2015–2022 (USD Million)
Table 15 Hardware Market Size, By Region, 2015–2022 (USD Million)
Table 16 Software & Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 18 Indoor Farming Technology Market Size in Fruit & Vegetable Cultivation, By Crop Type/Crop, 2015–2022 (USD Million)
Table 19 Indoor Farming Technology Market Size in Fruit & Vegetable Cultivation, By Region, 2015–2022 (USD Million)
Table 20 Indoor Farming Technology Market Size in Leafy Green Cultivation, By Crop, 2015–2022 (USD Million)
Table 21 Indoor Farming Technology Market Size in Herbs & Microgreens, By Crop, 2015–2022 (USD Million)
Table 22 Indoor Farming Technology Market Size in Herbs & Microgreens, By Region, 2015–2022 (USD Million)
Table 23 Indoor Farming Technology Market Size in Flower & Ornamental Crop Cultivation, By Crop Type, 2015–2022 (USD Million)
Table 24 Indoor Farming Technology Market Size in Flower & Ornamental Crop Cultivation, By Region, 2015–2022 (USD Million)
Table 25 Indoor Farming Technology Market Size in Other Crop Cultivation, By Region, 2015–2022 (USD Million)
Table 26 Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 27 North America: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 28 North America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 29 North America: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 30 North America: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 31 North America: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 32 US: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 33 Canada: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 34 Mexico: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 35 Europe: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 36 Europe: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 37 Europe: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 38 Europe: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 39 Europe: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 40 Spain: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 41 Netherlands: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 42 UK: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 43 Sweden: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 44 Italy: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 45 Rest of Europe: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 46 Asia Pacific: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 47 Asia Pacific: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 48 Asia Pacific: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 49 Asia Pacific: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 50 Asia Pacific: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 51 China: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 52 Japan: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 53 Singapore: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 54 Taiwan: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 55 Rest of Asia Pacific: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 56 South America: Indoor Farming Technology Market Size, By Country, 2015–2022 (USD Million)
Table 57 South America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 58 South America: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 59 South America: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 60 South America: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 61 Brazil: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 62 Argentina: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 63 Rest of South America: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 64 RoW: Indoor Farming Technology Market Size, By Region, 2015–2022 (USD Million)
Table 65 RoW: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 66 RoW: Indoor Farming Technology Market Size, By Facility Type, 2015–2022 (USD Million)
Table 67 RoW: Indoor Farming Technology Market Size, By Component, 2015–2022 (USD Million)
Table 68 RoW: Indoor Farming Technology Market Size, By Crop Type, 2015–2022 (USD Million)
Table 69 Middle East: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 70 Africa: Indoor Farming Technology Market Size, By Growing System, 2015–2022 (USD Million)
Table 71 Indoor Farming Technology Market, Company Rankings, 2018
Table 72 Agreements, Contracts, Collaborations, and Partnerships, 2014–2018
Table 73 New Product Launches & Developments, 2013–2018
Table 74 Expansions, 2012–2016
Table 75 Acquisitions, 2016


List of Figures (37 Figures)

Figure 1 Indoor Farming Technology Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Indoor Farming Technology: Research Design
Figure 4 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Indoor Farming Technology Market, By Growing System, 2017 vs 2022 (USD Billion)
Figure 9 Indoor Farming Technology Market Size, By Facility Type, 2017 vs 2022 (USD Billion)
Figure 10 Indoor Farming Technology Market Size, By Component, 2017 vs 2022 (USD Billion)
Figure 11 Indoor Farming Technology Market, By Crop Type, 2017 vs 2022 (USD Billion)
Figure 12 Indoor Farming Technology Market, By Region
Figure 13 Growth in the Trend of Year-Round Crop Production to Drive the Indoor Farming Technology Market
Figure 14 Fruits & Vegetables Dominated the European Market in 2016
Figure 15 Hydroponics Segment Dominated the Market Across All Regions in 2016
Figure 16 Spain Was the Most Important Market for Indoor Farming Technology in 2016
Figure 17 Europe to Dominate the Indoor Farming Technology Market Among All Regions Through 2022
Figure 18 Global Population Growth Trend, 2006–2017 (Billion)
Figure 19 Total Available Arable Land, 1950–2020 (Hectares/Person)
Figure 20 Indoor Farming Technology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Global Water Reuse After Tertiary Treatment - Market Share By Application, 2014
Figure 22 Indoor Farming Technology Market Size, By Growing System, 2017 vs 2022 (USD Million)
Figure 23 Indoor Farming Technology Market, By Facility Type, 2017 vs 2022
Figure 24 Indoor Farming Technology Market Size, By Component, 2017 vs 2022 (USD Million)
Figure 25 Hardware Market Size, By Component, 2017 vs 2022 (USD Million)
Figure 26 Fruits & Vegetables to Dominate the Market Through 2022
Figure 27 Geographical Snapshot (2017–2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 28 Europe: Indoor Farming Technology Market Snapshot
Figure 29 Asia Pacific: Indoor Farming Technology Market Snapshot
Figure 30 Key Developments By Leading Players in the Indoor Farming Market, 2012–2018
Figure 31 Philips Lighting: Company Snapshot
Figure 32 Philips Lighting: SWOT Analysis
Figure 33 Everlight Electronics: Company Snapshot
Figure 34 Everlight Electronics: SWOT Analysis
Figure 35 Argus Controls Systems: SWOT Analysis
Figure 36 Netafim: SWOT Analysis
Figure 37 Lumigrow: SWOT Analysis

The indoor farming technology market was valued at USD 25.40 Billion in 2017, and is projected to reach USD 40.25 Billion by 2022, at a CAGR of 9.65%. The market for indoor farming technology is expected to grow in the next few years due to the growth in demand for fresh foods with high nutritive value and the adoption of protected cultivation.

The indoor farming technology market, based on growing system, has been segmented into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. Exposure to climatic changes, soil contamination, limited space in urban areas, and most importantly, low availability of water have resulted in a shortage of food production. The application of hydroponics growth mechanism helps to mitigate most of these risks and provides ample fresh produce.

The indoor farming technology market, by facility type, has been segmented into glass or poly greenhouses, indoor vertical farms, container farms, and indoor deep water culture (DWC) systems. The glass or poly greenhouses segment dominated the market as the area under greenhouse cultivation is larger compared to indoor vertical farms in countries such as the US, China, and the Netherlands.

The indoor farming technology market, by component, has been segmented into hardware and software & services. Climate control is crucial in indoor farming, as it creates an environment conducive to plant growth, thereby providing better quality products. To control the climate, hardware components such as climate control systems and lighting systems are essential. Other important hardware components are irrigation systems, sensors, and control systems.

The indoor farming technology market, by crop type, has been segmented into fruits & vegetables, herbs & microgreens, flowers & ornamentals, and others (cannabis and mushrooms). Currently, the indoor farming technology is largely used for the cultivation of fruits & vegetables such as leafy vegetables, tomatoes, cucumbers, potatoes, and eggplants.

Indoor Farming Technology Market

The Asia Pacific region is projected to be the fastest-growing market for indoor farming technology over the next five years. This can be attributed to the increase in the number of indoor farms in countries such as China and Japan, and the climate variations in this region.

High initial investments and limitations on types of crops that can be grown have been the major restraints for the market growth.

The global market for indoor farming technology is dominated by large-scale players such as Philips Lighting (Netherlands), Netafim (Israel), Argus Controls Systems (Canada), EVERLIGHT Electronics (Taiwan), and LumiGrow (US). Logiqs (Netherlands), Illumitex (US), Vertical Farm Systems (Australia), Hydrodynamics International (US), General Hydroponics (US), Richel Group (France), and agrilution (Germany) are a few other key market players that also hold a significant share of the indoor farming technology market.

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