The world class Global Indoor Farming Technology Market report identifies the consumers’ needs and wants to deliver it more sincerely, effectively and efficiently than the competition. By understanding the minds of target markets, attitudes, feelings, beliefs and value systems, this market research report has been prepared. With a formalised and managerial approach, marketing research has been performed in the report to offer the best solution. This market report leads to systematic problem analysis, model building and fact-finding for the purpose of decision-making and control in the marketing of goods and services. The market drivers and restraints have been explained in the consistent Global Indoor Farming Technology Marketreport using SWOT analysis.

The winning Global Indoor Farming Technology Market research report underlines various strategies that are used by top market players. These strategies mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. The data and information collected to form this report is usually quite a lot and is also in a complex form. However, such complicated market insights are converted into simpler version with the help of established tools and techniques to provide it to the end users. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such a superior Global Indoor Farming Technology Market document.

Data Bridge Market Research analyses that the indoor farming technology market, valued at USD 29.35 million in 2022, will reach USD 69.61 million by 2030, growing at a CAGR of 11.4% during the forecast period of 2023 to 2030.

Market Overview

C furthermost popular types grown indoors. Indoor farms can be functioned on a large scale and can be shaped in small areas or basements. Some indoor farms which are being operated at greenhouses can use a combination of natural and artificial resources. Indoor farming technology desists from using any insecticides and no fungicides so that the food is healthier and safer.

Some of the major players operating in the indoor farming technology market are:

• Signify Holding (Netherlands)

• EVERLIGHT ELECTRONICS CO., LTD (China)

• Argus Control Systems (Canada)

• LumiGrow (U.S.)

• NETAFIM (Israel)

• LOGIQS B.V. (Netherlands)

• Hydrodynamics International (U.S.)

• AmHydro (U.S.)

• Richel Group (France)

• Vertical Farm Systems (Australia)

• General Hydroponics (U.S.)

• Agrilution (Germany

• Heliospectra (Sweden)

• The Scotts Company LLC (U.S.)

• Hydroponics System International (Spain)

• Advanced Nutrients (Canada)

• Emerald Harvest (U.S.)

• HydroGarden Ltd (U.K.),

Indoor Farming Technology Market Dynamics

Drivers

• Higher yields need limited space and water.

One of the key aids of indoor farming technology is its higher yield compared to conventional farming methods, enclosed services are used in indoor farming which creates the best growing circumstances for farmers to grow a crop from seed to the harvesting stages. Lesser time and best higher yields in each cycle with limited land area. For instance, USDA says, in 2016 the average yield of seeds grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of conventionally grown seeds was 1.85 pounds per square foot .so, indoor farms can increase the overall crop yield by stacking additional layers and increasing the growing area, it says that as compare to traditional farming farmers need less space for growing large amount of crop which will drive the growth of indoor farming technology market.

• Acceptant of indoor farming technology due to high benefit

Indoor vertical farming has given new technology for agriculture and is rapidly creating the attention of newer generations. Indoor farming technology allows optimizing of crop yield and is more environmentally sustainable and low-cost as compared to other conventional farming approaches. Some major benefits of indoor farming are optimized crop growth, reduced water usage, less necessity on outdoor weather conditions or temperatures, cut labor costs, and better energy conservation which indoor farming practices worldwide, which is expected to drive the market growth of indoor farming technology

Opportunities

• Low-cost technology

Major technologies utilized in indoor farming do not have a high commercial cost record. Research and development are still being directed to ascertain the impact of these technologies on the shelf life of plants. Research conducted at the Lighting Research Centre (New York), the impact of LED lighting on plants was studied, and it showed positive results. Technology is in the introductory stage and low in cost as compared to traditional farming moreover technology is making farming effective which is creating opportunities for indoor farming technology to grow

• High population and less availability of conventional farming land

The rising problem of less land available for farming or food production, according to the growing demand of the rapidly growing population which making people adoption of vertical farms over the world. The scarcity of fertile land has been worsened by increasing urbanization, limited water supply, water pollution, and ongoing climate change are the major restrain for conventional farming, which creates an opportunity for indoor farming technology to grow

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Highlights of TOC :

Chapter 1: Global Indoor Farming Technology Market Overview

Chapter 2: Study Assumptions

Chapter 3: Scope of the Study

Chapter 4: Global Indoor Farming Technology Market Economic Impact

Chapter 5 : Analysis Methodology

Chapter 6: Research Phases

Chapter 7: Competition by Manufacturers

Chapter 8: Current Market Scenario

Chapter 9: Value Chain/Supply Chain Analysis

Chapter 10: Government Regulations and Initiatives

Chapter 11: Production, Revenue (Value) by Region

Chapter 12: Supply (Production), Consumption, Export, Import by Regions

Chapter 13 : Market Drivers

Chapter 14 : Market Restraints/Challenges

Chapter 15: Market Opportunities

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