Indoor Farming Technology Market Overview
The global indoor farming technology market is estimated to reach $17.12 billion in 2027, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 23.99% during the forecast period 2022-2027.
The growth in the indoor farming technology market is expected to be driven by increasing demand for food products, fresh and organic produce, and the requirement for an alternative growing method for sustainable agriculture.
USP of the Report
• Study on government initiatives and ongoing projects
• Case studies
• Market strategies & developments
• Start-Up landscape
• Supply chain analysis
Analyst Perspective
According to Debraj Chakraborty, Lead Analyst of the report, “Indoor farming technology offers several benefits to farmers, consumers, and the environment. Firstly, indoor farming allows farmers to grow crops year-round, irrespective of weather conditions. Secondly, it reduces the need for harmful pesticides and herbicides, which are typically used in traditional farming practices. Indoor farming also conserves water as it relies on a closed-loop system that recycles water. Finally, indoor farming allows farmers to grow crops closer to the point of consumption, reducing the carbon footprint associated with transportation. Also, indoor farming technology is expected to become more accessible and affordable in the future. As more farmers adopt these technologies, economies of scale will drive down costs and make indoor farming more accessible to small-scale farmers.”
Key Companies Operating in The Market
Key players in the global indoor farming technology market analysed and profiled in the study involve integrated hardware systems and software manufacturers that are engaged in providing advanced indoor farming solutions to farmers and other agriculture service companies. Moreover, a detailed competitive benchmarking of the players operating in the global indoor farming technology market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, joint ventures, acquisitions, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Everlight Electronics Co., Ltd, Signify Holding, OSRAM GmbH, AmHydro, Argus Control Systems Limited, California LightWorks, Current Lighting Solutions, LLC, Freight Farms, Inc., IUNU, Link4 Corporation, LOGIQS B.V., LumiGrow, Lumileds Holding B.V., Netafim, Priva, Growlink, Inc, Agsmartic Technologies Pvt. Ltd., CarbonBook, and Sentera.
Key Questions Answered in the Report/h3>
• What is the estimated indoor farming technology market size in terms of volume & revenue during the forecast period 2022-2027, and what is the expected compound annual growth rate (CAGR) during the forecast period 2022-2027?
• What are the key trends, market drivers, and opportunities in the market pertaining to the indoor farming technology market?
• What are the major restraints inhibiting the growth of the indoor farming technology market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the indoor farming technology market on the basis of analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key indoor farming technology market players in the agriculture sector based on the analysis of their market coverage and market potential?
• Which type of players and stakeholders are operating in the market ecosystem of indoor farming, and what is their significance in the global market?
• Which region is the largest market for indoor farming technology market?
• What are the expected future scenario and the revenue generated by different regions and countries in the indoor farming technology market, such as North America, Europe, the U.K., China, Asia-Pacific, and the Rest-of-the-World?
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