Indoor Farming Technology Market

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 2026

Report Code: AGI 6217 Feb, 2021, by marketsandmarkets.com

[184 Pages Report] The market for indoor farming technology market is estimated at USD 14.5 billion in 2020; it is projected to grow at a CAGR of 9.4% to reach USD 24.8 billion by 2026. The pressure on the agriculture industry to meet the growing demand for grains and food leads to the search for high-yielding farming techniques, such as precision farming and urban farming. Indoor farming, thus is looked upon as a potential solution for the growing concern about food security in the coming years.

Indoor Farming Technology Market

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COVID-19 Impact on the Global Indoor Farming Technology Market

Amid the spread of Covid-19 pandemic, many individuals have developed a critical point of view towards outdoor food. With health and food safety becoming the key focus, the populations around the globe have showed an inclination towards home cooking and self-made/homemade meals. This has put the food and hotel industry into jeopardy. After the devastating outbreak of coronavirus pandemic, the adoption rate of urban indoor farming systems around the world are estimated to rise sharply. The agriculture industry faced challenges during the initial phases of the spread of the pandemic. There were huge labour shortages on the farm, some farmers missed their window of opportunity for harvesting for seasonal crops, the falling prices of agricultural products and the disruption of logistics. Many countries also realized their over dependence on imports of food materials and hence began emphasizing on internal and domestic productions.

Indoor Farming Technology Market Dynamics

Driver: Need for higher yields using limited space and water.

One of the main advantages of indoor farming is its higher yield compared to conventional farming methods. Enclosed facilities used in indoor farming create optimum growing conditions for farmers to grow a crop from seed to the harvesting stages in lesser time and obtain higher yields in each cycle with limited land area. According to USDA data, in 2016, the average yield of tomatoes grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of traditionally grown tomatoes was 1.85 pounds per square foot. Therefore, indoor farms can increase the overall crop yield by stacking additional layers and increasing the growing area.

Indoor farming addresses the concern of limited space, as certain plants can be grown in smaller areas. For instance, in vertical farming, every facility developed reduces the need for utilizing land by a hundred-fold. The level of water wastage is less when compared to conventional farming. Indoor farms recirculate and reuse the water; an average of 95% less water is required to grow the same crops as compared to outdoor farming. When plants or crops are grown in vertical greenhouses, the transpiration process occurs, which makes it feasible for farmers to reuse the water for irrigation purposes. The chances of water wastage become minimal, and therefore, this method is helpful in resource conservation.

Restraint: High initial investments

The initial cost of the indoor farming setup is more compared to the investment required in traditional farming. One of the main factors responsible for the high investment is the cost of urban land, which is higher than that of farmland. Furthermore, energy accounts for a higher percentage of operating costs for both vertical farms and greenhouses. For instance, in vertical farming operations, lights run for 16 hours per day, while in greenhouses, light is applied to plants for 9 hours per day in winter.

Powering up a farmscraper for lights and controlling ambient temperatures involve high costs and are labor-intensive. Controlling the environment within buildings with regard to lighting, temperature, pollination, and the arrangement of plants is important for an ideal indoor farm. Farmers are required to make a high initial investment for the devices and equipment used for indoor farming. This is one of the major restraints for the indoor farming technology market.

Opportunity: Development of innovative and cost-effective technologies

Many technologies used in indoor farming do not have a long commercially proven record, and studies are still being conducted to ascertain the impact of these technologies on the shelf life of plants. Through research conducted at the Lighting Research Center (New York), the impact of LED lighting on plants was studied, and it showed positive results. However, the technology is in the introductory stage and requires improvements to become optimally beneficial and commercially viable.

New technologies need to be developed to decrease the carbon footprint in indoor farming. Growers are more interested in investing in technologies that would lower their costs invested in labor, as they are required on large-scale farms for monitoring, maintaining, supplying the nutrients, and harvesting. Hence, in the future, there is an opportunity to develop fully automated urban farms based on vertical farming and controlled environment agriculture.

Challenge: Lack of adequate funding

In many agriculture-related businesses, finding an investor is very difficult, and this might act as a challenge, thereby leading to fewer growers investing in indoor farming. Furthermore, limited funding slows down the pace of R&D for indoor farming in public institutions and universities, which, in turn, limits the availability of data and information, which would otherwise encourage cultivators to invest.

In the recent scenario, however, there are some sources of high funding available for players in the indoor farming technology market space. For instance, Aerofarms (US), one of the indoor farming players, raised USD 50 million from Goldman Sachs Group (US) and Prudential Financial, Inc. (US).

By growing system, the aeroponics segment is estimated to observe the fastest growth in indoor farming technology market.

Aeroponics is the system of growing plants in a misty environment, in the absence of conventional mediums such as soil. The plant roots are inserted in containers filled with plant nutrients, instead of soil. These containers are ideal for oxygenation and moisture and help the plant absorb nutrients effectively, thereby aiding faster development and cultivation. The seeds are planted on a wired mesh, while the plant containers are mounted on top of one another, making it light and handy, and can thus be easily moved.

Aeroponics is considered to be the future of indoor farming technology. This technology facilitates faster plant growth, enabling the cultivation of more plants or seeds in lesser time than normal conditions. This system can be controlled externally through computers or timers for the release of moist air at regular intervals and does not require the frequent use of pesticides, weeding, and other maintenance processes as compared to conventional farming.

By facility type, the indoor vertical farms segment is estimated to grow at a higher growth rate in the indoor farming technology market.

Indoor vertical farms are fully enclosed and opaque rooms that make use of artificial lights and consist of vertical growing systems such as hydroponics, aeroponics, or aquaponics. Vertical farms are modular and can be adjusted to fit any building. Crops such as lettuce, kale, spinach, strawberries, and herbs are majorly grown in indoor vertical farms.

Indoor vertical farming cultivates crops in vertically stacked layers such as skyscrapers, used warehouses, or shipping containers. In this technique, all the environmental factors can be controlled within the enclosed structure by utilizing artificial lights, environmental control systems, irrigation, and fertigation systems. Some vertical farms use techniques similar to greenhouses, wherein the natural sunlight is augmented with artificial lighting and metal reflectors. Some of the major players in indoor vertical farming are AeroFarms (US), Sky Greens (Singapore), Illumitex, Inc. (US), and Philips Lighting (Netherlands).

The hardware segment is estimated to observe the fastest growth in the by component in the indoor farming technology market over the forecst period.

By component, the hardware segment is projected to hold the largest market share and also grow at the highest growth rate in the indoor farming technology market. The hardware segment is further segmented into climate control systems, lighting systems, communication systems, sensors, system controls, irrigation systems, and others, which include material handling and transportation systems. They are considered as the essential components in indoor farming technology. The three major components in the hardware segment include climate control systems, lighting, and irrigation systems. A climate control system is perhaps the single-most-important technology in an indoor farming facility as it allows farmers to create the ideal environment for year-round production.

By crop type, the herbs & microgreens sub-segment is projected to grow at the fatsest CAGR in the indoor farming technology market until 2026.

Herbs can be grown indoors as perennial houseplants or just during the winter months to protect tender herbs such as rosemary and basil. When grown indoors, herbs provide various benefits, such as fragrant foliage, with varying foliage shapes and colors. However, all herbs do not grow well in indoor farms, as their root systems require large containers.

Microgreens are tiny vegetables that are used both as visual and flavor ingredients in various dishes. These are smaller than baby greens and are harvested later than sprouts. During harvesting, microgreens are cut just above the soil line. From seeding to harvesting, the average time required for microgreens is 10–14 days.

Indoor Farming Technology Market by Region

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The increasing adoption of hydroponics and vertical farming systems in the Asia Pacific countries, drive the regions growth rate at a higher pace.

The Asia Pacific region is projected to grow at the highest rate, as the demand for indoor farming technology has been growing in this region due to the increasing investment of overseas business lines in agricultural operations to exclusively meet the demands of the crop growers to attain export-quality crops. In addition, the farming industry in the Asia Pacific region has been shifting toward technological and innovative methods from a conventional agricultural practice system. These shifts lead to the modernization of crop management techniques to gain better premium value for the crops. There are numerous indoor farms in China, Japan, Singapore, Taiwan, and other such technologically advanced countries. China is estimated to account for the largest share in the Asia Pacific indoor farming technology market due to the increasing investments from several multinational manufacturers in R&D and the adoption of greenhouse farming for the production of certain crops. The restraining factor in the Asia Pacific market is the high initial cost required to set up these systems.

Key Market Players 

Key players in this market include include major players such as Signify Holding (Netherlands), Everlight Electronics (China), Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel), Logiqs (Netherlands), Illumitex (US), Hydrodynamics International (US), American Hydroponics (US), Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (US), Agrilution (Germany), Heliospectra AB (Sweden), Scotts Miracle Gro (US), Hydroponics System International (Spain), Advanced Nutrients (US), Emerald Harvest (US), VitaLink (UK), and Grobo (US).  These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Scope of the report:

Report Metric

Details

Market size available for years

2018-2026

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value(USD Million)

Segments covered

Growing system, Facility type, Component, Crop type, and Region

Geographies covered

North America, Europe, Asia Pacific, South America, and RoW

Companies covered

Signify Holding (Netherlands), Everlight Electronics (China), Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel), Logiqs (Netherlands), Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (US), Heliospectra AB (Sweden), Harwood Engineering Company, Inc (US), EXDIN Solutions (Poland), NextHPP (US), Universal Pure (US), and American Pasteurization Company (US).

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

On the basis of growing system, the indoor farming technology market has been segmented as follows:

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

On the basis of facility type, the indoor farming technology market has been segmented as follows:

  • Glass or Poly Greenhouse
  • Indoor Vertical Farm
  • Container Farm
  • Indoor DWC System

On the basis of component, the indoor farming technology market has been segmented as follows:

  • Hardware
  • Software & Services

On the basis of crop type, the indoor farming technology market has been segmented as follows:

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

On the basis of region, the indoor farming technology market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In August 2019, LumiGrow Inc. launched a new TopLight Hybrid smart fixture. The hybrids will enable users to benefit from the enriched white spectrum, which is completely wireless and can be controlled via the SmartPAR software of the company.
  • In April 2019, the Hydroponics System International company launched a new elevated system to support the facilities that require gutters that were not at ground level.
  • In April 2019, Signify Holdings announced the acquisition of WiZ Connected (China), developers of the WiZ Wi-Fi-based connected lighting ecosystem. The acquisition would help the company to step into the Wi-Fi-based smart lighting market.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 INDOOR FARMING TECHNOLOGY MARKET SEGMENTATION
        FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATE, 2018–2020
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
        FIGURE 3 INDOOR FARMING TECHNOLOGY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           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 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION - METHOD 1
           2.2.2 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION - METHOD 2
           2.2.3 MARKET SIZE ESTIMATION NOTES
    2.3 DATA TRIANGULATION
        FIGURE 4 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 33)
  FIGURE 5 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2020 VS. 2026 (USD MILLION)
  FIGURE 6 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2020 VS. 2026 (USD MILLION)
  FIGURE 7 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2020 VS. 2026 (USD MILLION)
  FIGURE 8 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2020 VS. 2026 (USD MILLION)
  FIGURE 9 INDOOR FARMING TECHNOLOGY MARKET, BY REGION

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 BRIEF OVERVIEW OF THE INDOOR FARMING TECHNOLOGY MARKET
        FIGURE 10 GROWTH IN THE TREND OF YEAR-ROUND CROP PRODUCTION TO DRIVE THE INDOOR FARMING TECHNOLOGY MARKET
    4.2 EUROPEAN INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE AND COUNTRY
        FIGURE 11 FRUITS & VEGETABLES DOMINATED THE EUROPEAN MARKET IN 2020
    4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM AND REGION
        FIGURE 12 HYDROPONICS SEGMENT DOMINATED THE MARKET ACROSS ALL REGIONS IN 2020
    4.4 INDOOR FARMING TECHNOLOGY MARKET, BY KEY COUNTRY
        FIGURE 13 CHINA IS THE MOST LUCRATIVE MARKET FOR INDOOR FARMING TECHNOLOGY
    4.5 INDOOR FARMING TECHNOLOGY MARKET, BY REGION
        FIGURE 14 EUROPE TO DOMINATE THE INDOOR FARMING TECHNOLOGY MARKET AMONG ALL REGIONS THROUGH 2026 (USD BILLION)

5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 RISE IN GLOBAL POPULATION AND FOOD REQUIREMENTS
                 FIGURE 15 GLOBAL POPULATION GROWTH TREND, 2006–2017 (BILLION)
           5.2.2 DECLINE IN PER CAPITA ARABLE LAND
                 FIGURE 16 TOTAL AVAILABLE ARABLE LAND, 1950–2020 (HECTARES/PERSON)
    5.3 MARKET DYNAMICS
        FIGURE 17 INDOOR FARMING TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Rising demand for fresh foods with higher nutritive value
                    5.3.1.2 Need for higher yields using limited space and water
                            FIGURE 18 GLOBAL WATER REUSE AFTER TERTIARY TREATMENT - MARKET SHARE, BY APPLICATION, 2014
                    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 types 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 workforce
                    5.3.4.3 Risk of equipment failure and delay in the learning curve among growers resulting in limited market growth
    5.4 YC-YCC SHIFT
    5.5 VALUE CHAIN
        FIGURE 19 VALUE CHAIN OF THE HYDROPONICS MARKET
    5.6 MARKET ECOSYSTEM MAP FOR INDOOR FARMING TECHNOLOGY
    5.7 PRICING ANALYSIS
        TABLE 2 AVERAGE SELLING PRICE, BY GROWING SYSTEM, 2019-2020
    5.8 TRADE ANALYSIS
        TABLE 3 TRADING STATISTICS, 2019-2020
    5.9 PATENT ANALYSIS
           5.9.1 LIST OF MAJOR PATENTS

6 REGULATORY FRAMEWORK (Page No. - 51)
    6.1 NORTH AMERICA
    6.2 EUROPE
    6.3 ASIA PACIFIC
           6.3.1 INDIA
           6.3.2 CHINA
           6.3.3 JAPAN
           6.3.4 COMMON STANDARDS AND CERTIFICATIONS

7 CASE STUDY ANALYSIS (Page No. - 54)
    7.1 CASE STUDIES ON TOP INDUSTRY TRENDS, INNOVATIONS, AND BEST PRACTICES
           7.1.1 DEVELOPMENT & ESTABLISHMENT OF NEWER TECHNIQUES AND PRODUCTS TO MAKE HYDROPONICS SYSTEMS ECONOMICAL FOR FARMERS IN DEVELOPING COUNTRIES
           7.1.2 MAJORITY OF THE KEY PLAYERS PREVAILING IN THE INDOOR FARMING MARKET ARE ADOPTING ORGANIC GROWTH STRATEGIES SUCH AS EXPANSIONS & INVESTMENTS
           7.1.3 APPLICATIONS FOR RESTAURANTS AND GROCERY STORES APART FROM INDUSTRIAL FARMERS OR AGRICULTURISTS

8 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM (Page No. - 56)
    8.1 INTRODUCTION
        FIGURE 20 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2020 VS. 2026 (USD MILLION)
        TABLE 4 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
    8.2 AEROPONICS
           8.2.1 TO FACILITATE FASTER GROWTH OF PLANTS, AEROPONICS ENABLE HIGHER PRODUCTION OR YIELD
                 TABLE 5 AEROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 6 NORTH AMERICA: AEROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 7 EUROPE: AEROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 8 ASIA PACIFIC: AEROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 9 SOUTH AMERICA: AEROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 10 ROW: AEROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.3 HYDROPONICS
           8.3.1 BEING SOIL-LESS, THIS TECHNIQUE IS USED FOR GROWING CROPS WITH THE USE OF NUTRIENTS
                 TABLE 11 HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 12 NORTH AMERICA: HYDROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 13 EUROPE: HYDROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 14 ASIA PACIFIC: HYDROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 15 SOUTH AMERICA: HYDROPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 16 ROW: HYDROPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.4 AQUAPONICS
           8.4.1 GROWING AWARENESS AND INNOVATION REGARDING NEWER INDOOR FARMING TECHNIQUES WILL BOOST THE DEMAND FOR AQUAPONICS
                 TABLE 17 AQUAPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 18 NORTH AMERICA: AQUAPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 19 EUROPE: AQUAPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 20 ASIA PACIFIC: AQUAPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 21 SOUTH AMERICA: AQUAPONICS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 22 ROW: AQUAPONICS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.5 SOIL-BASED
           8.5.1 RISING DEMAND FOR FRUITS & VEGETABLES AND THE GROWING PREVALENCE OF LACK OF FOOD SECURITY OWING TO CLIMATE CHANGES TO BOOST THE DEMAND FOR SOIL-BASED FARMING UNDER INDOOR FARMING TECHNIQUES
                 TABLE 23 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 24 NORTH AMERICA: SOIL-BASED MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 25 EUROPE: SOIL-BASED MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 26 ASIA PACIFIC: SOIL-BASED MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 27 SOUTH AMERICA: SOIL-BASED MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 28 ROW: SOIL-BASED MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.6 HYBRID
           8.6.1 DEVELOPMENTS ACROSS AN ARRAY OF TECHNIQUES IN THE INDOOR FARMING MARKET WILL HELP GAIN DEMAND FOR HYBRID FARMING
                 TABLE 29 HYBRID INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
                 TABLE 30 NORTH AMERICA: HYBRID MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 31 EUROPE: HYBRID MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 32 ASIA PACIFIC: HYBRID MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 33 SOUTH AMERICA: HYBRID MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                 TABLE 34 ROW: HYBRID MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           8.6.2 COVID-19 IMPACT ON THE GROWING SYSTEMS SEGMENT OF THE INDOOR FARMING TECHNOLOGY MARKET
                 TABLE 35 COVID-19 IMPACT ANALYSIS OF THE INDOOR FARMING TECHNOLOGY MARKET: OPTIMISTIC SCENARIO, BY GROWING SYSTEM, 2018–2021 (USD MILLION)
                 TABLE 36 COVID-19 IMPACT ANALYSIS OF THE INDOOR FARMING TECHNOLOGY MARKET: REALISTIC SCENARIO, BY GROWING SYSTEM, 2018–2021 (USD MILLION)
                 TABLE 37 COVID-19 IMPACT ANALYSIS OF THE INDOOR FARMING TECHNOLOGY MARKET: PESSIMISTIC SCENARIO, BY GROWING SYSTEM, 2018–2021 (USD MILLION)

9 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE (Page No. - 71)
    9.1 INTRODUCTION
        FIGURE 21 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2020 VS. 2026 (USD MILLION)
        TABLE 38 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
    9.2 GLASS OR POLY GREENHOUSES
           9.2.1 WIDESPREAD AVAILABILITY AND ACCEPTANCE OF GLASS OR POLY GREENHOUSES IN THE INDOOR FARMING MARKET TO DRIVE THE SEGMENT’S GROWTH
                 TABLE 39 GLASS OR POLY GREENHOUSES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    9.3 INDOOR VERTICAL FARMS
           9.3.1 DEPLETING ARABLE AND AGRICULTURAL LAND FOR THE PRODUCTION OF FRUITS & VEGETABLES TO BOOST THE DEMAND FOR INDOOR VERTICAL FARMS
                 TABLE 40 INDOOR VERTICAL FARMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    9.4 CONTAINER FARMS
           9.4.1 NEWER WAYS OF CULTIVATING CROPS GRADUALLY GAINING IMMENSE TRACTION
                 TABLE 41 CONTAINER FARMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    9.5 INDOOR DEEP-WATER CULTURE (DWC) SYSTEMS
           9.5.1 DEMAND FOR HEALTHIER AND NUTRIENT-RICH FRUITS & VEGETABLES TO DRIVE THE DEMAND FOR INDOOR DEEP-WATER CULTURE SYSTEMS
                 TABLE 42 INDOOR DWC SYSTEMS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           9.5.2 COVID-19 IMPACT ON THE FACILITY TYPE SEGMENT OF THE INDOOR FARMING TECHNOLOGY MARKET
                 TABLE 43 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO, BY FACILITY TYPE, 2018–2021 (USD MILLION)
                 TABLE 44 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, REALISTIC SCENARIO, BY FACILITY TYPE, 2018–2021 (USD MILLION)
                 TABLE 45 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO, BY FACILITY TYPE, 2018–2021 (USD MILLION)

10 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT (Page No. - 77)
     10.1 INTRODUCTION
          FIGURE 22 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2020 VS. 2026 (USD MILLION)
          TABLE 46 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
     10.2 HARDWARE
             10.2.1 USED WIDELY TO CARRY OUT THE ENTIRE FUNCTIONING AS ESSENTIAL COMPONENTS IN INDOOR FARMING
                    FIGURE 23 HARDWARE MARKET SIZE, BY COMPONENT, 2021 VS. 2026 (USD MILLION)
                    TABLE 47 HARDWARE MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
             10.2.2 CLIMATE CONTROL SYSTEMS
             10.2.3 LIGHTING SYSTEMS
             10.2.4 COMMUNICATION SYSTEMS
             10.2.5 SENSORS
             10.2.6 SYSTEM CONTROLS
             10.2.7 IRRIGATION SYSTEMS
             10.2.8 OTHERS
                    TABLE 48 HARDWARE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
     10.3 SOFTWARE & SERVICES
             10.3.1 AN ARRAY OF COMPANIES ENTERING AND OFFERING SOFTWARE & SERVICES TO MINIMIZE HUMAN EFFORTS TO DRIVE THE DEMAND
                    TABLE 49 SOFTWARE & SERVICES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
             10.3.2 COVID-19 IMPACT ON THE COMPONENT SEGMENT OF THE INDOOR FARMING TECHNOLOGY MARKET
                    TABLE 50 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 51 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, REALISTIC SCENARIO, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 52 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO, BY COMPONENT, 2018–2021 (USD MILLION)

11 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE (Page No. - 84)
     11.1 INTRODUCTION
          FIGURE 24 FRUITS & VEGETABLES TO DOMINATE THE MARKET FROM 2020 TO 2026
          TABLE 53 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
     11.2 FRUITS & VEGETABLES
             11.2.1 WIDER ACCEPTANCE OF INDOOR FARMING FOR GROWING FRUITS & VEGETABLES ACROSS MULTIPLE REGIONS TO DRIVE THE GROWTH
                    TABLE 54 INDOOR FARMING TECHNOLOGY MARKET SIZE IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE/CROP, 2018–2026 (USD MILLION)
                    TABLE 55 INDOOR FARMING TECHNOLOGY MARKET SIZE IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
             11.2.2 LEAFY GREENS
                        11.2.2.1 Lettuce
                        11.2.2.2 Kale
                        11.2.2.3 Spinach
                        11.2.2.4 Others
                                 TABLE 56 INDOOR FARMING TECHNOLOGY MARKET SIZE IN LEAFY GREENS CULTIVATION, BY CROP, 2018–2026 (USD MILLION)
             11.2.3 TOMATOES
             11.2.4 STRAWBERRIES
             11.2.5 EGGPLANTS
             11.2.6 OTHERS
     11.3 HERBS & MICROGREENS
             11.3.1 RISING DEMAND AND YEAR-LONG HARVEST BENEFITS SUPPLEMENT THE INDOOR FARM-PRODUCED HERBS AND MICROGREENS GROWTH
             11.3.2 BASIL
             11.3.3 HERBS
             11.3.4 TARRAGON
             11.3.5 WHEATGRASS
                    TABLE 57 INDOOR FARMING TECHNOLOGY MARKET SIZE IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2018–2026 (USD MILLION)
                    TABLE 58 INDOOR FARMING TECHNOLOGY MARKET SIZE IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
     11.4 FLOWERS & ORNAMENTALS
             11.4.1 INDOOR FARMING ADOPTION FOR FLOWERS AND ORNAMENTALS HAS BEEN WITNESSING GRADUAL GROWTH
             11.4.2 PERENNIALS
             11.4.3 ANNUALS
             11.4.4 FLOWERS AND ORNAMENTALS
                    TABLE 59 INDOOR FARMING TECHNOLOGY MARKET SIZE IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2018–2026 (USD MILLION)
                    TABLE 60 INDOOR FARMING TECHNOLOGY MARKET SIZE IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
     11.5 OTHERS
             11.5.1 GROWING AWARENESS AND APPLICATIONS ACROSS VARIOUS CROP TYPES WILL PROPEL THE DEMAND IN THE COMING YEARS
                    TABLE 61 INDOOR FARMING TECHNOLOGY MARKET SIZE IN OTHER CROP CULTIVATION, BY REGION, 2018–2026 (USD MILLION)
             11.5.2 COVID-19 IMPACT ON THE CROP TYPE SEGMENT OF THE INDOOR FARMING TECHNOLOGY MARKET
                    TABLE 62 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO, BY CROP TYPE, 2018–2021 (USD MILLION)
                    TABLE 63 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, REALISTIC SCENARIO, BY CROP TYPE, 2018–2021 (USD MILLION)
                    TABLE 64 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO, BY CROP TYPE, 2018–2021 (USD MILLION)

12 INDOOR FARMING TECHNOLOGY MARKET, BY REGION (Page No. - 93)
     12.1 INTRODUCTION
          FIGURE 25 ASIA PACIFIC COUNTRIES TO WITNESS SIGNIFICANT GROWTH IN THE INDOOR FARMING TECHNOLOGY MARKET (2020–2026)
          TABLE 65 INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
             12.1.1 COVID-19 IMPACT ON THE INDOOR FARMING TECHNOLOGY MARKET, BY REGION
                    TABLE 66 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, OPTIMISTIC SCENARIO, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 67 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, REALISTIC SCENARIO, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 68 INDOOR FARMING TECHNOLOGY MARKET: COVID IMPACT ANALYSIS, PESSIMISTIC SCENARIO, BY REGION, 2018–2021 (USD MILLION)
     12.2 NORTH AMERICA
          TABLE 69 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 70 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
          TABLE 71 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
          TABLE 72 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
          TABLE 73 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Favorable government schemes and introduction of newer farming kits and techniques by indoor farming techniques and system providers to fuel growth
                                 TABLE 74 US: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 High awareness about modern farming techniques to fuel the growth prospects
                                 TABLE 75 CANADA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Larger greenhouse area used for cultivation
                                 TABLE 76 MEXICO: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
     12.3 EUROPE
          FIGURE 26 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
          TABLE 77 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 78 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
          TABLE 79 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
          TABLE 80 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
          TABLE 81 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.3.1 SPAIN
                        12.3.1.1 Increase in investments in sustainable farming practices and advanced setups to achieve higher volumes of produce
                                 TABLE 82 SPAIN: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.3.2 NETHERLANDS
                        12.3.2.1 Increasing inclination toward efficient farming to drive the growth
                                 TABLE 83 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.3.3 UK
                        12.3.3.1 Increase in awareness and steady adoption among local growers and cultivators in the country to exhibit a positive outlook
                                 TABLE 84 UK: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.3.4 SWEDEN
                        12.3.4.1 Gradual adoption of modern farming techniques to drive the market growth
                                 TABLE 85 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.3.5 ITALY
                        12.3.5.1 Growth in organic croplands and rise in demand and supply of organic products to bolster the demand for hydroponics indoor farming techniques
                                 TABLE 86 ITALY: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.3.6 REST OF EUROPE
                        12.3.6.1 Demand for controlled environment agriculture creates growth opportunities for the indoor farming technology market
                                 TABLE 87 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
     12.4 ASIA PACIFIC
          FIGURE 27 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT
          TABLE 88 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 89 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
          TABLE 90 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
          TABLE 91 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
          TABLE 92 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Increase in population and government intervention to drive initiatives for indoor farming techniques in China
                                 TABLE 93 CHINA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.4.2 JAPAN
                        12.4.2.1 Growing initiatives from the government, member companies, and related institutions to promote indoor farming to boost the demand
                                 TABLE 94 INSTALLATION AND CULTIVATION AREAS FOR DIFFERENT TYPES OF HORTICULTURAL CROPS, 2016 (HA)
                                 TABLE 95 JAPAN: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.4.3 SINGAPORE
                        12.4.3.1 Increasing investments from key players along with many farmers shifting to this form of cultivation will propel the market growth
                                 TABLE 96 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.4.4 TAIWAN
                        12.4.4.1 Small agriculture field size has led to increased adoption of indoor farming in the country
                                 TABLE 97 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.4.5 REST OF ASIA PACIFIC
                        12.4.5.1 Increase in demand for food security with minimum wastage has resulted in the rising demand for indoor farming techniques
                                 TABLE 98 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
     12.5 SOUTH AMERICA
          TABLE 99 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
          TABLE 100 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
          TABLE 101 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
          TABLE 102 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
          TABLE 103 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.5.1 BRAZIL
                        12.5.1.1 High adoption rate of indoor farming is projected to increase the demand in the country
                                 TABLE 104 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.5.2 ARGENTINA
                        12.5.2.1 Increased adoption among growers is projected to drive the demand for indoor farming in Argentina
                                 TABLE 105 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.5.3 REST OF SOUTH AMERICA
                    TABLE 106 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
     12.6 REST OF THE WORLD (ROW)
          TABLE 107 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
          TABLE 108 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
          TABLE 109 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2018–2026 (USD MILLION)
          TABLE 110 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2018–2026 (USD MILLION)
          TABLE 111 ROW: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP TYPE, 2018–2026 (USD MILLION)
             12.6.1 MIDDLE EAST
                        12.6.1.1 Lack of food security and increasing imports drive the demand for indoor farming in the Middle East
                                 TABLE 112 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)
             12.6.2 AFRICA
                        12.6.2.1 Increased government initiatives are projected to drive the demand for indoor farming in Africa
                                 TABLE 113 AFRICA: INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING SYSTEM, 2018–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 127)
     13.1 OVERVIEW
          FIGURE 28 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE INDOOR FARMING TECHNOLOGY MARKET, 2018–2021
     13.2 MARKET SHARE ANALYSIS
     13.3 COMPETITIVE SCENARIO
             13.3.1 NEW PRODUCT LAUNCHES
                    TABLE 114 NEW PRODUCT LAUNCHES, 2017–2021
             13.3.2 EXPANSIONS & INVESTMENTS
                    TABLE 115 EXPANSIONS & INVESTMENTS, 2017-2021
             13.3.3 MERGERS & ACQUISITIONS
                    TABLE 116 MERGERS & ACQUISITIONS, 2017–2021
             13.3.4 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
                    TABLE 117 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2021

14 COMPANY MICROQUADRANTS AND COMPANY PROFILES (Page No. - 132)
     14.1 COMPETITIVE LEADERSHIP MAPPING
             14.1.1 STARS
             14.1.2 EMERGING LEADERS
             14.1.3 PERVASIVE
             14.1.4 EMERGING COMPANIES
                    FIGURE 29 GLOBAL INDOOR FARMING TECHNOLOGY MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     14.2 START-UP MICROQUADRANTS
             14.2.1 PROGRESSIVE COMPANIES
             14.2.2 RESPONSIVE COMPANIES
             14.2.3 DYNAMIC COMPANIES
             14.2.4 STARTING BLOCKS
                    FIGURE 30 GLOBAL INDOOR FARMING TECHNOLOGY MARKET: COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS, 2020
     14.3 COMPANY PROFILES
(Business overview, Products offered, Recent developments, SWOT analysis & Right to win)*
             14.3.1 SIGNIFY HOLDING
                    FIGURE 31 SIGNIFY HOLDING: COMPANY SNAPSHOT
                    FIGURE 32 SIGNIFY HOLDING: SWOT ANALYSIS
             14.3.2 EVERLIGHT ELECTRONICS
                    FIGURE 33 EVERLIGHT ELECTRONICS: COMPANY SNAPSHOT
                    FIGURE 34 EVERLIGHT ELECTRONICS: SWOT ANALYSIS
             14.3.3 ARGUS CONTROL SYSTEMS
                    FIGURE 35 ARGUS CONTROL SYSTEMS: SWOT ANALYSIS
             14.3.4 LUMIGROW
                    FIGURE 36 LUMIGROW: SWOT ANALYSIS
             14.3.5 NETAFIM
                    FIGURE 37 NETAFIM: SWOT ANALYSIS
             14.3.6 LOGIQS
             14.3.7 ILLUMITEX
             14.3.8 HYDRODYNAMICS INTERNATIONAL
             14.3.9 AMERICAN HYDROPONICS
             14.3.10 RICHEL GROUP
             14.3.11 VERTICAL FARM SYSTEMS
             14.3.12 GENERAL HYDROPONICS
             14.3.13 AGRILUTION
             14.3.14 HELIOSPECTRA AB
                     FIGURE 38 HELIOSPECTRA: COMPANY SNAPSHOT
             14.3.15 SCOTTS MIRACLE GRO
                     FIGURE 39 SCOTTS MIRACLE GRO: COMPANY SNAPSHOT
             14.3.16 HYDROPONIC SYSTEM INTERNATIONAL
             14.3.17 ADVANCED NUTRIENTS
             14.3.18 EMERALD HARVEST
             14.3.19 VITALINK
             14.3.20 GROBO INC.

*Details on Business overview, Products offered, Recent developments, SWOT analysis & Right to win might not be captured in case of unlisted companies.

15 ADJACENT & RELATED MARKETS (Page No. - 168)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 SMART GREENHOUSE MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                    FIGURE 40 SMART GREENHOUSE MARKET IS ESTIMATED TO WITNESS FAST GROWTH DURING THE FORECAST PERIOD
     15.4 SMART GREENHOUSE MARKET, BY TYPE
             15.4.1 INTRODUCTION
                    TABLE 118 SMART GREENHOUSE MARKET, BY TYPE, 2017–2025 (USD MILLION)
             15.4.2 HYDROPONICS
                    TABLE 119 HYDROPONICS SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.4.3 NON-HYDROPONICS
                    TABLE 120 NON-HYDROPONICS SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD THOUSAND)
     15.5 SMART GREENHOUSE MARKET, BY COMPONENT
             15.5.1 INTRODUCTION
                    TABLE 121 SMART GREENHOUSE MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
             15.5.2 HVAC
                    TABLE 122 SMART GREENHOUSE HVAC SYSTEMS MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.5.3 LED GROW LIGHTS
                    TABLE 123 SMART GREENHOUSE LED GROW LIGHTS MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.5.4 CONTROL SYSTEMS & SENSORS
                    TABLE 124 SMART GREENHOUSE CONTROL SYSTEMS & SENSORS MARKET, BY REGION, 2017–2025 (USD MILLION)
     15.6 SMART GREENHOUSE MARKET, BY REGION
             15.6.1 INTRODUCTION
                    TABLE 125 SMART GREENHOUSE MARKET, BY REGION, 2017–2025 (USD MILLION)
             15.6.2 NORTH AMERICA
                    TABLE 126 SMART GREENHOUSE MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
             15.6.3 EUROPE
                    TABLE 127 SMART GREENHOUSE MARKET IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
             15.6.4 ASIA PACIFIC
                    TABLE 128 SMART GREENHOUSE MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)
             15.6.5 REST OF THE WORLD
                    TABLE 129 SMART GREENHOUSE MARKET IN ROW, BY TYPE, 2017–2025 (USD THOUSAND)

16 APPENDIX (Page No. - 176)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involves four major activities to estimate the current market size for indoor farming technology. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. These findings, assumptions, and market size was validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The indoor farming technology market comprises several stakeholders such as manufacturers, importers & exporters, traders, distributors,  suppliers of indoor farming technology; food safety authorities; food technologists; food product manufacturers; raw material suppliers; and regulatory bodies such as the Food and Agriculture Organization (FAO), the Environmental Protection Agency (EPA), the Food Safety Council (FSC),  the European Federation of National Associations of Measurement,  Testing and Analytical Laboratories (EUROLAB), government and research organizations, and trade associations and industry bodies. The demand-side of this market is characterized by the rising awareness of shelf life extension among food product manufacturers. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents

Indoor Farming Technology Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the indoor farming technology market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The value chain and market size of the indoor farming technology market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for key opinions from leaders, such as CEOs, directors, and marketing executives.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Report Objectives:

  • To define, segment, and project the global market size for indoor farming technology
  • To understand the structure of the indoor farming technology market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
  • To profile the key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify the major growth strategies adopted by players across key regions
  • To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports as per a client’s specific requirements. The available customization options are as follows:

Product Analysis

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

Regional Analysis

  • Further breakdown of the Rest of Europe, Rest of Asia Pacific, and Rest of South America.

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Indoor Farming Technology Market

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