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[ 英語タイトル ] 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


Product Code : MNMAG00109704
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

“The indoor farming technology market is projected to grow at a CAGR of 9.65%”
The indoor farming technology market is projected to reach USD 40.25 billion by 2022 from USD 25.40 billion in 2017, at a CAGR of 9.65%. The market is driven by the rise in demand for fresh foods with high nutritive value, need for higher yields using limited space and water, and lesser impact of external weather conditions. On the other hand, high initial investment is one of the factors restraining the growth of the indoor farming technology market.
“Hardware segment is projected to boost the growth of the indoor farming technology market through 2022”
Based on component, the hardware segment is projected to grow at a higher rate during the forecast period. 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. Hence, the hardware segment is projected to record a relatively higher CAGR of 9.88% from 2017 to 2022.
“The glass or poly greenhouse segment was the largest market in 2017”

The glass or poly greenhouses segment accounted for the largest share of the indoor farming technology market in 2017. Greenhouses are generally used to cultivate tomatoes, potatoes, and cucumbers. The large share of this segment can be attributed to the high adoption of this technique in countries such as the US and China. This technique consumes less energy and requires lesser number of labor hours, which makes it more affordable than indoor vertical farms.

“Europe was the largest market in 2017”
Europe was the largest indoor farming technology market in 2017. This dominance can be attributed to the high adoption of precision farming and protected agriculture in this region. In addition, as a response to the growth in demand for food, rapid urbanization, and increase in need for new productive soils, indoor farming is expected to be a leading farming technology and a financially viable solution in this region.

The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:
 By Company Type: Tier 1 –20%, Tier 2 – 35%, and Tier 3 – 45%
 By Designation: C-Level – 35%, D-level – 25%, and Others* – 40%
 By Region: North America – 20%, Europe – 25%, Asia Pacific – 35%, and RoW – 20%
*Others include sales managers, marketing managers, and product managers.
Note: Tier 1: Revenue > USD 1 billion; Tier 2: Revenue USD 500 million–< USD 1 billion; Tier 3: Revenue < USD 500 million

The global market for indoor farming technology is dominated by large players such as Philips Lighting (Netherlands), Netafim (Israel), Argus Controls Systems (Canada), EVERLIGHT Electronics (Taiwan), and LumiGrow (US). Some of the emerging players in the indoor farming technology market include Logiqs (Netherlands), Illumitex, Inc. (US), Vertical Farm Systems (Australia), Hydrodynamics International (US), General Hydroponics (US), Richel Group (France), and agrilution (Germany).
Research Coverage
This report analyzes the indoor farming technology market across different types and regions. It aims at estimating the market size, in terms of value and volume, and future growth potential of this market across different segments—growing system, facility type, component, crop type, and region. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying This Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall indoor farming technology market and its subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. It will also help the stakeholders to understand the market and provide them information on the key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.4 PERIODIZATION CONSIDERED 16
1.5 CURRENCY CONSIDERED 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Key industry insights 19
2.1.2.2 Breakdown of primaries 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDOOR FARMING TECHNOLOGY MARKET 32
4.2 EUROPEAN INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE AND COUNTRY 33
4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM & REGION 34
4.4 INDOOR FARMING TECHNOLOGY MARKET, BY KEY COUNTRY 35
4.5 INDOOR FARMING TECHNOLOGY MARKET, BY REGION 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MACROECONOMIC INDICATORS 37
5.2.1 RISE IN GLOBAL POPULATION AND FOOD REQUIREMENTS 37
5.2.2 DECLINE IN PER CAPITA ARABLE LAND 38
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 40
5.3.1.1 Rise in demand for fresh foods with higher nutritive value 40
5.3.1.2 Need for higher yields using limited space and water 40
5.3.1.3 Lesser impact of external weather conditions 41
5.3.2 RESTRAINTS 42
5.3.2.1 High initial investments 42
5.3.2.2 Limitations on the type of crops that can be grown 42
5.3.3 OPPORTUNITIES 43
5.3.3.1 Development of innovative and cost-effective technologies 43
5.3.3.2 Production of biopharmaceutical products 43
5.3.4 CHALLENGES 43
5.3.4.1 Lack of adequate funding 43
5.3.4.2 Shortage in the availability of skilled work-force 43
5.4 REGULATORY FRAMEWORK 44
5.5 PATENT ANALYSIS 45
5.5.1 LIST OF MAJOR PATENTS 45
6 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM 47
6.1 INTRODUCTION 48
6.2 AEROPONICS 49
6.3 HYDROPONICS 50
6.4 AQUAPONICS 51
6.5 SOIL-BASED 52
6.6 HYBRID 53
7 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE 54
7.1 INTRODUCTION 55
7.2 GLASS OR POLY GREENHOUSES 56
7.3 INDOOR VERTICAL FARMS 56
7.4 CONTAINER FARMS 57
7.5 INDOOR DEEP WATER CULTURE (DWC) SYSTEMS 58
8 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT 59
8.1 INTRODUCTION 60
8.2 HARDWARE 61
8.2.1 CLIMATE CONTROL SYSTEMS 61
8.2.2 LIGHTING SYSTEMS 61
8.2.3 COMMUNICATION SYSTEMS 61
8.2.4 SENSORS 62
8.2.5 SYSTEM CONTROLS 62
8.2.6 IRRIGATION SYSTEMS 62
8.2.7 OTHERS 62
8.3 SOFTWARE & SERVICES 64
9 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE 65
9.1 INTRODUCTION 66
9.2 FRUITS & VEGETABLES 67
9.2.1 LEAFY GREENS 68
9.2.1.1 Lettuce 68
9.2.1.2 Kale 68
9.2.1.3 Spinach 69
9.2.1.4 Others 69
9.2.2 TOMATO 69
9.2.3 STRAWBERRY 69
9.2.4 EGGPLANT 70
9.2.5 OTHERS 70
9.3 HERBS & MICROGREENS 70
9.3.1 BASIL 70
9.3.2 HERBS 70
9.3.3 TARRAGON 70
9.3.4 WHEATGRASS 70
9.4 FLOWERS & ORNAMENTALS 72
9.4.1 PERENNIALS 72
9.4.2 ANNUALS 72
9.4.3 ORNAMENTALS 72
9.5 OTHER CROPS 73
10 INDOOR FARMING TECHNOLOGY MARKET, BY REGION 74
10.1 INTRODUCTION 75
10.2 NORTH AMERICA 76
10.2.1 US 79
10.2.2 CANADA 80
10.2.3 MEXICO 81
10.3 EUROPE 82
10.3.1 SPAIN 86
10.3.2 NETHERLANDS 87
10.3.3 UK 87
10.3.4 SWEDEN 88
10.3.5 ITALY 89
10.3.6 REST OF EUROPE 90
10.4 ASIA PACIFIC 91
10.4.1 CHINA 95
10.4.2 JAPAN 96
10.4.3 SINGAPORE 96
10.4.4 TAIWAN 97
10.4.5 REST OF ASIA PACIFIC 98
10.5 SOUTH AMERICA 98
10.5.1 BRAZIL 101
10.5.2 ARGENTINA 102
10.5.3 REST OF SOUTH AMERICA 103
10.6 REST OF THE WORLD 104
10.6.1 MIDDLE EAST 106
10.6.2 AFRICA 107
11 COMPETITIVE LANDSCAPE 108
11.1 OVERVIEW 108
11.2 COMPANY RANKINGS 109
11.3 COMPETITIVE SCENARIO 110
11.3.1 AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS 110
11.3.2 NEW PRODUCT LAUNCHES & DEVELOPMENTS 111
11.3.3 EXPANSIONS 112
11.3.4 ACQUISITIONS 112
12 COMPANY PROFILES 113
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 PHILIPS LIGHTING 113
12.2 EVERLIGHT ELECTRONICS 117
12.3 ARGUS CONTROLS SYSTEMS 119
12.4 NETAFIM 121
12.5 LUMIGROW 124
12.6 LOGIQS 126
12.7 ILLUMITEX 128
12.8 VERTICAL FARM SYSTEMS 130
12.9 HYDRODYNAMICS INTERNATIONAL 131
12.10 GENERAL HYDROPONICS 133
12.11 RICHEL GROUP 135
12.12 AMERICAN HYDROPONICS 137
12.13 AGRILUTION 139
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 140
13.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 145
13.2 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 147
13.3 AVAILABLE CUSTOMIZATIONS 148
13.4 RELATED REPORTS 149
13.5 AUTHOR DETAILS 150

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