Technology market

Indoor Agriculture Technology Market Analysis, Industry Share, Investment Opportunities and Trend Report to 2027

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Growing consumer awareness of the benefits of consuming high-quality, fresh organic food products is driving the market demand.

VANCOUVER, BC, CANADA, Jan. 13, 2022 /EINPresswire.com/ — The indoor agriculture technology market will reach $62.67 billion by 2027, according to current analysis by Emergen Research . The growth of this market may be due to the growing demand from health-conscious consumers for fresh and high-quality organic foods. The increasing incidence of chronic diseases among consumers has shifted their preferences towards high quality organic foods as they are more nutritious, healthier and safer.

Rapid urbanization in emerging economies and increasing consumer purchasing power is driving the growth of the indoor farming technology market. Growing initiatives to develop an independent farming technique with less climate impact are expected to fuel the development of the indoor farming system. The ability to manage pH and nutrients using hydroponics results in better yield. Ease of operations and low cost of installation have led to the increasing adoption of hydroponic methods.

The Indoor Agriculture Technology Market report samples and measures quality data of the global business environment for the forecast period 2021-2027. Comprehensive data on the growing investment pockets assessed in the Indoor Agriculture Technology Market report is powered and backed by human responses. Comprehensive coverage of aspects such as market potential, size, share and growth aims to create an equation for profitability – whatever stakeholders, business owners and field marketers need to understand their presence in the market and the dynamics to identify the white spaces or to increase their return.

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The in-depth assessment of real-time data on the business environment provides a more specialized view of the threats and challenges that businesses are likely to face in the years to come. Additionally, the unique expertise of the researchers behind the Strategic Growth Consulting study enables product owners to identify important definitions, product classification, and applications. Coverage of critical data on investment feasibility, return on investment, demand and supply, import and export, consumption volume and production capacity aims to support business owners in multiple phases of growth, including initial stages, product development, and prioritization of potential geography.

Companies Featured in Global Indoor Agriculture Technology Market:

Everlight Electronics, Philips Lighting, Netafim, Illumitex, Inc., Argus Control Systems, Logiqs BV, Freight Farms, Signify, BrightFarms, and American Hydroponics, among others.

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Other Key Highlights

In March 2020, expanded collaboration between Signify and Planet Farms, a vertical farm operator based in Italy, Europe. The collaboration is expected to improve crop quality and yield with the help of Philips GreenPower LED production.

The Hardware segment held the largest market share with 59.4% in 2019. The growing need to protect crops from severe climatic conditions and maintain optimal growing conditions is expected to drive the growth of hardware solutions.

Indoor vertical farms are expected to grow with the fastest CAGR of 10.1% over the forecast period. Growing demand from health-conscious consumers for high-quality organic crops has increased the adoption of indoor vertical farms.

Hydroponics segment held the largest indoor farming technology market share in 2019. Rising consumer awareness about the harmful effects of pesticides has increased the adoption of hydroponics method.

The detailed regional analysis covers:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Emergen Research has segmented the global indoor farming technology on the basis of component, plant type, growth mechanisms, crop type, and region:

Components Outlook (Revenue, USD Billion; 2017-2027)

Software and services (web-based, cloud-based)

Hardware (lighting systems, irrigation systems, sensors, climate control systems)

Plant Type Outlook (Revenue, USD Billion; 2017-2027)

Indoor Deep Water Culture (DWC) Systems

Indoor vertical trusses (Shipping container, based on building)

Glass or poly greenhouses

Growth Mechanisms Outlook (Revenue, USD Billion; 2017-2027)

Aeroponics

hydroponics

Aquaponics

Hybrid

Ground based

Crop Type Outlook (Revenue, USD Billion; 2017-2027)

Herbs and microgreens

Fruits and vegetables

Flowers and ornamental plants

Others

Key Features of the Indoor Agriculture Technology Market Report:

The report provides details about key drivers, restraints, opportunities, challenges, growth prospects, limitations and threats.

The report contains details of key companies, product portfolio along with specifications, production valuation and market shares.

Assessment of key current and emerging market trends and growth prospects

It also offers research-based estimations for the eight-year forecast period, mainly to estimate the potential growth of the market.

Brief overview of the industry as it relates to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands and current market scenario

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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Emerging research
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