Indoor Farming Technology Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Indoor Farming Technology Market: By Growing System (Hydroponics, Aeroponics, Aquaponics, Hybrid, Soil-based), By Facility Type (Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, Indoor Deep Water Culture (DWC) Systems), By Component (Hardware, Software & Services), By Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others) and Geography

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Report

Description

Indoor Farming Technology Market size is valued at USD 16,100.2 million in 2021 and is expected to reach a value of USD 31,776.2 million by 2028, growing at a CAGR of 10.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the indoor farming technology market and that can be segmented by the growing system, facility type, component, and crop type. By growing systems, the indoor farming technology market has been segmented into hydroponics, aeroponics, aquaponics, hybrid, and soil-based. The hydroponics segment is likely to be the largest and fastest-growing segment in the market. Based on Facility Type, the indoor farming technology market is segmented into glass or poly greenhouses, container farms, indoor vertical farms, and indoor deep-water culture (DWC) systems.  The glass or poly greenhouses segment is expected to have the fastest-growing market during the forecast period 2022-2028.

Key Developments:

In April 2019, the business Hydroponics System International introduced a new raised system to assist sites that require gutters that aren’t at ground level.

Indoor Farming Technology Market

MARKET SUMMARY
-
10.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 10.2%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Indoor Farming Technology Market

  • Indoor Farming Technology Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Indoor Farming Technology Market is segmented based on by growing system, facility type, component, crop type and geography.
Market Leaders
  • Everlight Electronics (China)
  • Argus Control Systems (Canada)
  • Lumigrow (US)
  • Netafim (Israel)
  • Logiqs (Netherlands)
  • Richel Group (France)
Indoor Farming Technology Market

Drivers

When compared to traditional farming methods, indoor farming produces better output. Indoor farming facilities produce ideal growing conditions for farmers, allowing them to cultivate a crop from seed to harvest in less time and with higher yields in each cycle while using less land. Because certain plants may be grown in smaller spaces, indoor farming tackles the issue of restricted space. In vertical farming, for example, each facility built reduces the demand for land use by a factor of a hundred.


Indoor Farming Technology Market Regional Analysis

North America dominates the market

North American market is expected to witness the highest market share during the forecast period. This can be ascribed to the region's technical achievements. It is also one of the world's largest agricultural hubs. The Asia Pacific is likely to the fastest-growing region in the market. In order to improve the availability of fresh vegetables to grocery stores, alternative and indoor farming techniques and technologies are becoming increasingly popular in metropolitan settings.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The indoor farming technology market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The indoor farming technology market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The indoor farming technology market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The indoor farming technology market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The indoor farming technology market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Indoor Farming Technology Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Indoor Farming Technology Market Introduction
2.1. Global Indoor Farming Technology Market – Taxonomy
2.2. Global Indoor Farming Technology Market –Definitions
2.2.1. Growing System
2.2.2. Facility Type
2.2.3. Component
2.2.4. Crop Type
3. Global Indoor Farming Technology Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Indoor Farming Technology Market Dynamic Factors – Impact Analysis
3.6. Global Indoor Farming Technology Market – Competition Landscape
4. Global Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Indoor Farming Technology Market, By Growing System, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Hydroponics
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Aeroponics
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Aquaponics
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Hybrid
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Soil-based
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Indoor Farming Technology Market Forecast, By Facility Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Glass or Poly Greenhouses
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Container Farms
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Indoor Vertical Farms
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Indoor Deep Water Culture (DWC) Systems
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Indoor Farming Technology Market Forecast, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. Hardware
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Software & Services
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Indoor Farming Technology Market Forecast, By Crop Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Fruits & Vegetables
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Herbs & Microgreens
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Flowers & Ornamentals
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Others
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Indoor Farming Technology Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Region, 2022 – 2028
10. North America Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hydroponics
10.1.2. Aeroponics
10.1.3. Aquaponics
10.1.4. Hybrid
10.2. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Glass or Poly Greenhouses
10.2.2. Container Farms
10.2.3. Indoor Vertical Farms
10.2.4. Indoor Deep Water Culture (DWC) Systems
10.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hardware
10.3.2. Software & Services
10.4. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Fruits & Vegetables
10.4.2. Herbs & Microgreens
10.4.3. Flowers & Ornamentals
10.4.4. Others
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Country, 2022 – 2028
10.7. North America Indoor Farming Technology Market Dynamics – Trends
11. Europe Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hydroponics
11.1.2. Aeroponics
11.1.3. Aquaponics
11.1.4. Hybrid
11.2. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Glass or Poly Greenhouses
11.2.2. Container Farms
11.2.3. Indoor Vertical Farms
11.2.4. Indoor Deep Water Culture (DWC) Systems
11.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hardware
11.3.2. Software & Services
11.4. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Fruits & Vegetables
11.4.2. Herbs & Microgreens
11.4.3. Flowers & Ornamentals
11.4.4. Others
11.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Country, 2022 – 2028
11.7. Europe Indoor Farming Technology Market Dynamics – Trends
12. Asia-Pacific Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hydroponics
12.1.2. Aeroponics
12.1.3. Aquaponics
12.1.4. Hybrid
12.2. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Glass or Poly Greenhouses
12.2.2. Container Farms
12.2.3. Indoor Vertical Farms
12.2.4. Indoor Deep Water Culture (DWC) Systems
12.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hardware
12.3.2. Software & Services
12.4. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Fruits & Vegetables
12.4.2. Herbs & Microgreens
12.4.3. Flowers & Ornamentals
12.4.4. Others
12.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Country, 2022 – 2028
12.7. Asia-Pacific Indoor Farming Technology Market Dynamics – Trends
13. Latin America Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hydroponics
13.1.2. Aeroponics
13.1.3. Aquaponics
13.1.4. Hybrid
13.2. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Glass or Poly Greenhouses
13.2.2. Container Farms
13.2.3. Indoor Vertical Farms
13.2.4. Indoor Deep Water Culture (DWC) Systems
13.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hardware
13.3.2. Software & Services
13.4. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Fruits & Vegetables
13.4.2. Herbs & Microgreens
13.4.3. Flowers & Ornamentals
13.4.4. Others
13.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Country, 2022 – 2028
13.7. Latin America Indoor Farming Technology Market Dynamics – Trends
14. Middle East and Africa Indoor Farming Technology Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
14.1. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hydroponics
14.1.2. Aeroponics
14.1.3. Aquaponics
14.1.4. Hybrid
14.2. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Glass or Poly Greenhouses
14.2.2. Container Farms
14.2.3. Indoor Vertical Farms
14.2.4. Indoor Deep Water Culture (DWC) Systems
14.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Hardware
14.3.2. Software & Services
14.4. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Fruits & Vegetables
14.4.2. Herbs & Microgreens
14.4.3. Flowers & Ornamentals
14.4.4. Others
14.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Indoor Farming Technology Market – Opportunity Analysis Index, By Growing System, Facility Type, Component, Crop Type and Country, 2022 – 2028
14.7. MEA Indoor Farming Technology Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Growing System & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Everlight Electronics (China)
15.2.2. Argus Control Systems (Canada)
15.2.3. Lumigrow (US)
15.2.4. Netafim (Israel)
15.2.5. Logiqs (Netherlands)
15.2.6. Richel Group (France)
15.2.7. Vertical Farm Systems (Australia)
15.2.8. General Hydroponics (US)
15.2.9. Heliospectra AB (Sweden)
15.2.10. Harwood Engineering Company, Inc. (US)
15.2.11. Nexthpp (US)
15.2.12. Universal Pure (US)
15.2.13. American Pasteurization Company (US)
15.2.14. Tungsram Operations Kft. (Hungary)
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • 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)
  • Nexthpp (US)
  • Universal Pure (US)
  • American Pasteurization Company (US)
  • Tungsram Operations Kft. (Hungary)

Description

Indoor Farming Technology Market size is valued at USD 16,100.2 million in 2021 and is expected to reach a value of USD 31,776.2 million by 2028, growing at a CAGR of 10.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the indoor farming technology market and that can be segmented by the growing system, facility type, component, and crop type. By growing systems, the indoor farming technology market has been segmented into hydroponics, aeroponics, aquaponics, hybrid, and soil-based. The hydroponics segment is likely to be the largest and fastest-growing segment in the market. Based on Facility Type, the indoor farming technology market is segmented into glass or poly greenhouses, container farms, indoor vertical farms, and indoor deep-water culture (DWC) systems.  The glass or poly greenhouses segment is expected to have the fastest-growing market during the forecast period 2022-2028.

Key Developments:

In April 2019, the business Hydroponics System International introduced a new raised system to assist sites that require gutters that aren’t at ground level.

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