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Indoor Farming Technology Market Applications, Products, Share, Growth, Insights and Forecasts Report 2029
Industry Analysis
Data Bridge Market Research analyses that the indoor farming technology market will exhibit a CAGR of 9.60% for the forecast period of 2022-2029. Market Research report on indoor farming technology market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Additionally, the credible Indoor Farming Technology Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for ICT industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Market Insights and Scope
Indoor farming technology is a method of using various technologies to grow foods and plants within the house. This method uses artificial lighting to produce plants with increased nutrients, and it incorporates soil-based, aeroponics, aquaponics, and hybrid technologies. Indoor farming technology can be applied in the home as well as in the business sector on small and large scales.
An international Indoor Farming Technology Market research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the ICT industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.
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Industry Segmentation
Indoor farming technology market is segmented on the basis of growing system, facility type, component and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of growing system, indoor farming technology market is segmented into aeroponics, hydroponics, aquaponics, soil-based and hybrid.
Based on facility type, indoor farming technology market is segmented into glass or poly greenhouses, indoor vertical farms, container farms and indoor deep-water culture (DWC) systems.
Based on component, indoor farming technology market is segmented into hardware, and software and services. Hardware is sub-segmented into climate control systems, lighting systems, communication systems, sensors, system controls, irrigation systems and others.
Based on crop type, indoor farming technology market is segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals and others. Fruits and vegetables are sub-segmented into leafy greens, tomato, strawberry, eggplant and others. Leafy greens are further segmented into lettuce, kale, spinach and others. Herbs and microgreens are sub-segmented into basil, herbs, tarragon and wheatgrass. Flowers and ornamentals are sub-segmented into perennials, annuals and ornamentals.
Market Country Level Analysis
The countries covered in the indoor farming technology market report are
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
An influential Indoor Farming Technology Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).
Industry Share Analysis
Some of the major players covered in the indoor farming technology market report are
Logiqs B.V., Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Certhon, Dalsem, Richel Group, American Hydroponics, Harnois Greenhouses, Richel Group, Urban Crop Solutions, Vertical Farm Systems, Agrilution GmbH, Green Sense Farms, American Hydro Phonics, Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim and Lumigrow among others.
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Global Indoor Farming Technology Market Size, Share, and Report
The Global Indoor Farming Technology Market is expected to grow from US$ 16.08 Billion in 2021 to US$ 29.7 Billion by 2027; it is estimated to grow at a CAGR of 10.77% from 2021 to 2027.
Crops grown inside in a controlled atmosphere is an alternate growing technique. It is used to grow a variety of fruits and vegetables, microgreens, herbs, and ornamentals underneath greenhouses and container farms as well as on steeply inclined surfaces. Vegetables and other fruits are produced on a single level, either in a field or a greenhouse, in the case of indoor farming.
In order to produce crops perfectly and without any agronomic restrictions, indoor farming technology integrates a variety of technologies, including big data analytics, robotics, artificial intelligence (AI), and the internet of things (IoT).
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Drivers: Rising consumer knowledge of the advantages of consuming fresh, high-quality food is predicted to be the main driver of growth. Additionally, the expanding industry is being fueled by the rising need for food due to the expanding global population, particularly in developing nations like China and India. The desire for fresh foods with more nutrients, the need for higher yields with less space and water, and less reliance on the outside weather are some of the factors propelling the expansion of the indoor farming technology market. The market for indoor agriculture benefits from the advancement of affordable and cutting-edge technology.
Restraints: The market for indoor farming technology is constrained, nevertheless, by high startup costs and restrictions on the types of crops that may be grown. Lack of skilled labour is one of the problems the indoor agricultural technology business is dealing with. The speed of indoor farming research and development is further slowed by financing restrictions at public institutions and colleges, which reduces the availability of information that would otherwise motivate farmers to spend.
Impact of Covid-19
The COVID-19 pandemic had a large effect on the world market for indoor agricultural technologies. Due to the coronavirus epidemic, indoor farming systems are anticipated to become increasingly popular, particularly in urban areas around the world. There were certain challenges facing the agriculture sector. Due to manpower constraints, several farmers lost their window of opportunity to harvest seasonal crops, benefit from declining agricultural product prices, and avoid disruptions in logistics. Many nations also became aware of their over reliance on food imports and started concentrating on domestic and internal production.
Segmentation By Growing System: Indoor Farming Technology Market is classified on the basis of Growing System into Hydroponics, Aeroponics, Aquaponics, Soil-based, and Hybrid. Over the anticipated period, the market's fastest growth rate will be seen in the hydroponics category. A simple definition of hydroponics is "gardening without soil." Water supplies plant life with nutrients, oxygen, and hydration in the absence of soil.
Segmentation By Facility Type: Indoor Farming Technology Market is classified on the basis of Facility Type into Glass or Poly Greenhouse, Indoor Vertical Farm, Container Farm, and Indoor DWC System. In the anticipated time frame, the indoor vertical farm segment is anticipated to rule the market. Indoor vertical farms are completely opaque, enclosed spaces that use hydroponic, aeroponic, and aquaponic vertical growing techniques.
Segmentation By Region: Indoor Farming Technology Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In comparison to other regional markets, the Asia Pacific market for indoor farming technology had the quickest rate of revenue growth in 2020. Some of the major factors propelling the growth of the Asia Pacific market include the rising adoption of indoor farming techniques, particularly in developing nations like Singapore, Japan, China, and India; rising government investments in the agricultural sector; rising popularity of greenhouse farming programmes; and rising demand for fresh organic produce.
Competitive Landscape: The key players of Indoor Farming Technology Market are Argus Control System Limited, Autogrow, CannaPro, Certhon, Current Lighting Solutions, LLC, Everlight Electronics Co., Ltd, Freight Farms, Inc., GE Lighting, General Hydroponics Inc., Illumitex, Logiqs B.V., Lumigrow, Lumileds, Netafim, OSRM GmbH, Priva Holdings B.V., and Richel Group.
Industrial Development
Aero farms, a US-based indoor agriculture startup, partnered with Hortifrut SA in April 2021 for an unknown sum. A recognised B corporation in Chile, the company's main business activities included the manufacturing, distribution, import, and export of horticultural products. The partnership will concentrate on the study and advancement of the production of blueberries and cranberries in completely regulated vertical farms and indoor settings. Berry production and marketing enterprise Hortifrut SA is situated in Chile.
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Market Taxonomy
By Growing System
Hydroponics
Aeroponics
Aquaponics
Soil-based
Hybrid
By Facility Type
Glass or Poly Greenhouse
Indoor Vertical Farm
Container Farm
Indoor DWC System
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Questions Addressed by the Report
What are the Key Opportunities in Indoor Farming Technology Market?
What will be the growth rate from 2021 to 2027?
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
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Indoor Farming Technology Market Will Hit Big Revenues In Future
According to the new market research report “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 2026″, published by MarketsandMarkets™, the market size is estimated to account for a value of USD 14.5 billion in 2020 and is projected to grow at a CAGR 9.4% from 2020, to reach a value of USD 24.8 billion by 2026. Factors such as the higher yield as compared to conventional agriculture practices, controlled environment farming, and improved yield and higher produce with limited land resources, are some of the key factors driving the growth of the indoor farming technology market during the forecast period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40175861 COVID-19 Impact on the Global Indoor Farming Technology Market Amid the spread of COVID-19 pandemic, many individuals have developed a critical point of view towards outdoor food. With health and food safety becoming the key focus, the populations around the globe have showed an inclination towards home cooking and self-made/homemade meals. This has put the food and hotel industry into jeopardy. After the devastating outbreak of coronavirus pandemic, the adoption rate of urban indoor farming systems around the world are estimated to rise sharply. The agriculture industry faced challenges during the initial phases of the spread of the pandemic. There were huge labour shortages on the farm, some farmers missed their window of opportunity for harvesting for seasonal crops, the falling prices of agricultural products and the disruption of logistics. Many countries also realized their over dependence on imports of food materials and hence began emphasizing on internal and domestic productions. Indoor Farming Technology Market Dynamics Driver: Need for higher yields using limited space and water. One of the main advantages of indoor farming is its higher yield compared to conventional farming methods. Enclosed facilities used in indoor farming create optimum growing conditions for farmers to grow a crop from seed to the harvesting stages in lesser time and obtain higher yields in each cycle with limited land area. According to USDA data, in 2016, the average yield of tomatoes grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of traditionally grown tomatoes was 1.85 pounds per square foot. Therefore, indoor farms can increase the overall crop yield by stacking additional layers and increasing the growing area. Indoor farming addresses the concern of limited space, as certain plants can be grown in smaller areas. For instance, in vertical farming, every facility developed reduces the need for utilizing land by a hundred-fold. The level of water wastage is less when compared to conventional farming. Indoor farms recirculate and reuse the water; an average of 95% less water is required to grow the same crops as compared to outdoor farming. When plants or crops are grown in vertical greenhouses, the transpiration process occurs, which makes it feasible for farmers to reuse the water for irrigation purposes. The chances of water wastage become minimal, and therefore, this method is helpful in resource conservation. Restraint: High initial investments The initial cost of the indoor farming setup is more compared to the investment required in traditional farming. One of the main factors responsible for the high investment is the cost of urban land, which is higher than that of farmland. Furthermore, energy accounts for a higher percentage of operating costs for both vertical farms and greenhouses. For instance, in vertical farming operations, lights run for 16 hours per day, while in greenhouses, light is applied to plants for 9 hours per day in winter. Powering up a farmscraper for lights and controlling ambient temperatures involve high costs and are labor-intensive. Controlling the environment within buildings with regard to lighting, temperature, pollination, and the arrangement of plants is important for an ideal indoor farm. Farmers are required to make a high initial investment for the devices and equipment used for indoor farming. This is one of the major restraints for the indoor farming technology market. Opportunity: Development of innovative and cost-effective technologies Many technologies used in indoor farming do not have a long commercially proven record, and studies are still being conducted to ascertain the impact of these technologies on the shelf life of plants. Through research conducted at the Lighting Research Center (New York), the impact of LED lighting on plants was studied, and it showed positive results. However, the technology is in the introductory stage and requires improvements to become optimally beneficial and commercially viable. New technologies need to be developed to decrease the carbon footprint in indoor farming. Growers are more interested in investing in technologies that would lower their costs invested in labor, as they are required on large-scale farms for monitoring, maintaining, supplying the nutrients, and harvesting. Hence, in the future, there is an opportunity to develop fully automated urban farms based on vertical farming and controlled environment agriculture. Challenge: Lack of adequate funding In many agriculture-related businesses, finding an investor is very difficult, and this might act as a challenge, thereby leading to fewer growers investing in indoor farming. Furthermore, limited funding slows down the pace of R&D for indoor farming in public institutions and universities, which, in turn, limits the availability of data and information, which would otherwise encourage cultivators to invest. In the recent scenario, however, there are some sources of high funding available for players in the indoor farming technology market space. For instance, Aerofarms (US), one of the indoor farming players, raised USD 50 million from Goldman Sachs Group (US) and Prudential Financial, Inc. (US). The increasing adoption of hydroponics and vertical farming systems in the Asia Pacific countries, drive the regions growth rate at a higher pace. The Asia Pacific region is projected to grow at the highest rate, as the demand for indoor farming technology has been growing in this region due to the increasing investment of overseas business lines in agricultural operations to exclusively meet the demands of the crop growers to attain export-quality crops. In addition, the farming industry in the Asia Pacific region has been shifting toward technological and innovative methods from a conventional agricultural practice system. These shifts lead to the modernization of crop management techniques to gain better premium value for the crops. There are numerous indoor farms in China, Japan, Singapore, Taiwan, and other such technologically advanced countries. China is estimated to account for the largest share in the Asia Pacific indoor farming technology market due to the increasing investments from several multinational manufacturers in R&D and the adoption of greenhouse farming for the production of certain crops. The restraining factor in the Asia Pacific market is the high initial cost required to set up these systems. Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=40175861 Key Market Players Key players in this market include include major players such as Signify Holding (Netherlands), Everlight Electronics (China), Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel), Logiqs (Netherlands), Illumitex (US), Hydrodynamics International (US), American Hydroponics (US), Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (US), Agrilution (Germany), Heliospectra AB (Sweden), Scotts Miracle Gro (US), Hydroponics System International (Spain), Advanced Nutrients (US), Emerald Harvest (US), VitaLink (UK), and Grobo (US). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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Indoor Farming Robots Market Foreseen To Grow Exponentially Over 2025
Market Overview
The use of robots in farming is expected to rise as the human counterparts move towards other better-paying professions, spurring the indoor farming robots market 2020. The semiconductors and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million by 2025.
The labor-intensive nature of agriculture is expected to advocate the use of indoor robots, thus spurring the overall market. The restricted accessibility of arable land is predicted to enhance the indoor farming robot market in the forecast period.
Industry Updates
Jan 2020 Naïo Technologies, dedicated to developing agricultural robots, recently announced the close of a €14 million funding round led by Bpifrance. The Impact investor Pymwymic and its past shareholders, Capagro and Demeter, sided with Bpifrance in this investment round. This fresh investment round will facilitate Naïo Technologies to additionally take advantage of on its place as a leader in agricultural robotics and arrive at the next level of technology development in order to ready the robots for mass production.
Oct 2019 A farm, from a startup known as Fifth Season, has start selling spinach, lettuce, and other leafy greens, by means of a robot-based system that the creators say is cost-competitive with growing and transporting the same crops from a conventional farm.
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Segmental Analysis
The segmentation of the indoor farming robots market is segmented into type, automation, application, and region. Based on the automation, the indoor farming robots market is segmented into semi-autonomous and fully autonomous. Based on the region, the indoor farming robots market is segmented into Asia-Pacific, Europe, North America, and the rest of the regions. Based on the application, the indoor farming robots market is segmented into fruits, vegetables, and floriculture. Based on the type, the indoor farming robots market is segmented into robotic fodder, cutting robot, robot gripper, material handling robot, monitoring drones, incubators, and others.
Competitive Analysis
The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period.
The central contenders in the Indoor Farming Robots Market are OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo (Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot Inc. (US), and Metomotion (Israel) among others.
Detailed Regional Analysis
The regional assessment of the indoor farming robots market includes regions such as Asia-Pacific, Europe, North America, and the rest of the regions. The European region was accountable for the principal market worth of USD 33.1 Million in 2018. The indoor farming robots market is likely to record a CAGR of 21.43% for the period of the forecast period. The European region will dominate the indoor farming robots market all through the forecast period due to restricted arable land with augmented demand for freshly cultivated food.
Table of Content:
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 GROWING POPULATION AND LIMITED AVAILABILITY OF ARABLE LAND
4.2.2 SHORTAGE OF FARM LABOR
4.2.3 INCREASING DEMAND FOR ORGANIC FOOD ACROSS THE GLOBE
4.2.4 DRIVER IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 HIGH COST OF INDOOR FARMING ROBOTS
4.3.2 LACK OF REGULATORY UNIFORMITY
4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 SERVITIZATION OF AGRIBOTS
4.5 CHALLENGES
4.5.1 LIMITED AWARENESS REGARDING AGRICULTURAL ROBOTS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 COMPONENT SUPPLIERS
5.1.2 SOFTWARE DEVELOPERS
5.1.3 SYSTEM INTEGRATORS
5.1.4 DISTRIBUTION CHANNEL
5.1.5 END USERS
5.2 PORTERS FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 RIVALRY
6 GLOBAL INDOOR FARMING ROBOTS MARKET, BY TYPE
6.1 ROBOT GRIPPER
6.2 CUTTING ROBOT
6.3 ROBOTIC FODDER
6.4 MATERIAL HANDLING ROBOT
6.5 INCUBATORS
6.6 MONITORING DRONES
6.7 OTHERS
6.8 MARKET ESTIMATES AND FORECAST, BY TYPE, 2016–2027
7 GLOBAL INDOOR FARMING ROBOTS MARKET, BY AUTOMATION
7.1 SEMI-AUTONOMOUS
7.2 FULLY AUTONOMOUS
7.3 MARKET ESTIMATES AND FORECAST, BY AUTOMATION, 2016–2027
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Grow Lights Market with Covid-19 Impact and Analysis by Offering (Hardware, Software & Services), Installation Type (New and Retrofit), Application (Greenhouses, Vertical Farms), Sales Channels, Spectrum, and Geography - Global Forecast to 2026 published on
https://www.sandlerresearch.org/grow-lights-market-with-covid-19-impact-and-analysis-by-offering-hardware-software-services-installation-type-new-and-retrofit-application-greenhouses-vertical-farms-sales-channels-spect.html
Grow Lights Market with Covid-19 Impact and Analysis by Offering (Hardware, Software & Services), Installation Type (New and Retrofit), Application (Greenhouses, Vertical Farms), Sales Channels, Spectrum, and Geography - Global Forecast to 2026
“Government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices is set to drive the grow lights market”
The grow lights market is projected to grow from USD 1.2 billion in 2021 to USD 4.9 billion by 2026, at a CAGR of 32.2% during the forecast period. Key factors driving the grow lights market growth include increasing government support for the adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, growing investments in projects related to vertical farms and greenhouses, and rising adoption of indoor farming in urban areas. Moreover, increasing awareness regarding benefits provided by LED technology to grow crops through the year amid the COVID-19 pandemic could play a key role in driving the growth of the grow lights market.
“Rising penetration of LED lights in indoor farming due to their long lifespan, spectrum adjustability, and energy efficiency”
The full-spectrum segment is projected to grow at the highest CAGR from 2020 to 2025 for grow lights market, by spectrum. The full-spectrum light source is becoming popular due to various advantages associated with it, such as it allows quick changes in lighting conditions and complete control of the color spectrum ratio.
“LED grow lights in Fruits and vegetables segment is estimated to hold the largest share of the market during forecast period”
The fruits and vegetables segment is projected to account for the largest size of the grow lights market from 2020 to 2025, by cultivation. Increasing demand for quick and fresh horticultural produce owing to population growth and loss of arable land is a key factor driving the growth of this segment of the market. The surging number of vertical farms and greenhouses is also expected to contribute to the growth of this segment of the market.
“Software and services is projected to grow at the highest CAGR between 2021 and 2026”
The grow lights market for the software and services segment is expected to grow at a higher CAGR than the hardware segment during the forecast period. Different kinds of software solutions are used in grow light systems to improve plant quality and fulfill different light requirements by different plants, as well as create and maintain an optimal lighting environment necessary to maximize production. Along with software, maintenance and repair services are also offered by the companies operating in the grow lights market.
“ New installations is estimated to hold the largest share of the market during forecast period”
The new installations segment is estimated to hold a larger share of the grow lights market from 2021 to 2026. The growth of this segment can be attributed to the extensive deployment of LED grow lights in new vertical farms and greenhouses. Strong government support for adopting CEA practices and surging awareness regarding the benefits associated with LED grow lights are also expected to contribute to the growth of this segment during the forecast period.
“Interlighting segment is projected to grow at the highest CAGR between 2021 and 2026”
Interlighting is a relatively new concept, and the market for interlighting grow light systems is expected to grow at a higher CAGR during the forecast period owing to the increasing awareness about the benefits of this lighting technique. For example, interlighting provides greater light efficacy, which results in higher yield compared to toplighting as the design of interlighting grow light system allows a plant to absorb light rays from the entire spectrum.
“Distribution channels is estimated to hold the largest share of the market during forecast period”
Distribution channels are likely to account for the largest size of the grow lights market during the forecast period. This segment includes the sales of products via retailers, dealers, and affiliates. These channel partners usually have established presence in local markets and can reach their customers at low costs.
“APAC is projected to become the fastest geographical market between 2021 and 2026”
APAC is projected to grow at the highest CAGR for grow lights market during the forecast period. The growth of the market in this region can be attributed to its continuously increasing population, which leads to rising demand for food from APAC. This has led to an increase in the adoption of advanced farming technologies such as CEA to enable the supply of fresh fruits and vegetables throughout the year. Moreover, high pressure on cultivators to improve agricultural yields with limited available resources and increased requirements to protect crops from unexpected climatic changes are also contributing to the adoption of grow lights in APAC during the forecast period.
Breakdown of profiles of primary participants:
By Company: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
By Designation: C-level Executives = 40%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
By Region: North America = 40%, APAC = 30%, Europe=20%, and ROW=10%
Major players profiled in this report:
The grow lights market is dominated by a few established players such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden).
Research coverage
This report offers detailed insights into the grow lights market based on spectrum (full spectrum, and limited spectrum), sales channel (distribution channel, E-commerce channel, and direct sales channels), watt (300 watt), application (Greenhouses, Vertical Farms, and Indoor Farms), cultivated plant (fruits and vegetables, flowers, and cannabis), lighting type (toplighting and interlighting), offering (hardware, and software and services), installation type (new installations and retrofit installations), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East, Africa, and South America.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the grow lights market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the grow lights market and provides them information on key market drivers, restraints, challenges, and opportunities.
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Hydroponics Market Intelligence and Analysis for Period 2020-2025
Hydroponics Market is valued at USD 8.96 Billion in 2018 and expected to reach USD 18.00 Billion by 2025 with the CAGR of 10.53% over the forecast period.
Increasing global population, rising usage of hydroponics for indoor agriculture for fruits and vegetables, growing advent of alternate yielding options, legalization of seeds like marijuana in some countries, are the major factors for driving the growth of Global Hydroponics Market.
Scope of Global Hydroponics Market Report–
Hydroponics is considered a subset of hydroponics and refers to the agricultural techniques used to grow plants in soilless environments (such as mineral nutrients and aqueous solutions). Hydroponic plants grown under the same conditions grow 3050% faster than soil plants. The nutrients in the hydroponic system are treated with water and introduced into the root system. In addition, hydroponic gardening requires less water than soil gardening because they constantly use nutrient solutions. In addition, growing crops by hydroponics can reduce the impact of external environmental factors on crop growth because it can provide controlled environmental conditions. The use of hydroponics also reduces the burden of natural resources (such as land and water) as it requires very little interior space and the water used in the nutrient solution can be recycled. The health risks of synthetic foods are causing increasing concern, resulting in demand for vegetables and crops grown in a controlled and safe environment. Hydroponic installations also have the advantage of having full traceability in the event of food contamination, where the individual plants causing the pollution can be quickly identified and isolated. In conventional soil cultivation methods, this is not possible since the plant growth cycle is not determined and it is almost impossible to isolate the affected plants.
Global Hydroponics market is segmented on the basis of equipment, type, Crop type and region. On the basis of equipment, the market is segmented into material handling, led grow light, control systems, HVAC, irrigation systems and other equipment. On the basis of type, the market is segmented into aggregate hydroponic system and liquid hydroponic systems. On the basis of crop type, the market is segmented into pepper, tomato, cucumber, lettuce & leafy vegetables, strawberry and others.
The regions covered in this Hydroponics market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Hydroponics Manufacturers:
Key players of the Hydroponics market are,
Hydrofarm
Signify Holdings
Heliospectra AB
Argus Control Systems
Scotts Miracle Gro
American Hydroponics
LumiGrow
Terra Tech Corp
Aerofarms
Hydroponic Farms
Triton Foodworks Ltd.
Village Farms
Green Sense Holdings
Urban cultivator
Iron Ox.
Global Hydroponics Market Dynamics-
Increasing global population, rising usage of hydroponics for indoor agriculture for fruits and vegetables, growing advent of alternate yielding options, legalization of seeds like marijuana in some countries, are the major factors for driving the growth of Global Hydroponics Market. As per the statistics, the world population will reach to 9 billion by 2050. Also, around 3.5% of the world’s area is utilized by the cultivation under tunnels and greenhouse farms for an effective crop and vegetable production. Moreover, rising awareness among consumers regarding the bad effects catered by pesticides, disfavor of artificial ripening, increased concern over health factors kept in consideration by using hydroponics, that consequently increase the nutritional value of farmed vegetables, low cost and easy operation are other major factors that are contributing for the growth of Hydroponics market. However, there is a lack of policies by government regarding tax breaks and tax cuts in developing economies. These are found in ample amount in the developed countries but are not paid much attention to in developing countries, additionally, there is always a risk with indoor plants to get infected with algae in closed environments, these factors are expected to act as restraints for the growth of Hydroponics market. There is a growing incorporation of advanced technologies like IoT to better map the quality of soil used in farming. Additionally, increasing endeavours are being applied in research and development of hydroponics in order to make the plant grow faster, reduce the risks of pathogens, and lower the cost.
Europe is expected to Witness a Fastest Growth in the Global Hydroponics Market
Europe is the dominant region in the market with the largest share of the global Hydroponics market, owing to the countries in the region being highly demanding for crops and early urbanized practices like adoption of technological advances in practices of horticulture for indoor farming. Additionally, countries like UK, France have large areas of land available for indoor or alternative farming, to which they can apply various technological aids for a better crop production, which accounts for the region’s dominance in the hydroponics market. In 2010, the European Environment Agency (EEA) encouraged the creation of vertical farms to overcome the challenges of climate change and produce food in a more environmentally friendly way, thereby promoting the growth of regional markets. The European Union (EU) is an interesting case study in this regard, characterized by a high proportion of land used for agriculture (48%) (EC, 2017) and the existence of a long-term common agricultural policy (CAP) to support agriculture produce. Whereas Asia Pacific region is expected to grow at a fastest rate and exhibit a spurring growth in the Hydroponics market. The major reasons being substantial adoption of indoor farming in countries like India, Australia and China. They are trying to adopt as many technologies to effectively utilize the available land resources and also innovative practices like alternate indoor farming to make use of potential closed environments, which is expected to boost the market growth in APAC region.
Key Benefits for Global Hydroponics Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Hydroponics Market Segmentation:–
By equipment: Material Handling, LED Grow Light, Control Systems, HVAC, Irrigation Systems, Other Equipment
By Type: Aggregate Hydroponic System, Liquid Hydroponic Systems
By Crop Type: Pepper, Tomato, Cucumber, Lettuce & Leafy Vegetables, Strawberry, Others
Regional & Country Analysis: North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Global Intelligent Agriculture Market - John Deere, Trimble, Precision Planting, Agco Corporation, AG Leader Technology, Dickey-John Corporation
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intelligent Agriculture Market Size, Trends, Outlook & Forecast 2018-2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides a complete understanding of the Intelligent Agriculture Market in terms of revenue. Report start from the market overview section which demonstrates the market drivers, restraints and opportunities that influence the current and future status of the market. It also includes key trends, implementation restraints, end-user product issues and many more. These factors are responsible for changing the market scenario. The deep analysis of each segment in the report is provided in order to provide a thorough understanding of the overall scenario in the Intelligent Agriculture Market. The report covers the competitor’s strategies that help them to capture the market. Request for Sample @ https://www.kdmarketinsights.com/sample/693 According to a comprehensive study by KD Market Insights analyzes and forecasts the Intelligent Agriculture market at both global and regional level. The report provides an analysis of 6 years, in which 2017 is the base year, 2018 as an estimated year and 2019-2023 is forecasted period. The report consists of overall market size in 2017 and its anticipated growth in further 6 years. It gives grasp about the high demanding region for Intelligent Agriculture. It also includes the factors that drive the growth of the market along with emerging and current opportunities. The competitor's strategies for long-term and short-term goals are also a key part of this research methodology. The report includes an in-depth price chain analysis, that provides an in-depth read of the world Intelligent Agriculture market. The Porter’s 5 Forces analysis provided within the report helps to know the competitive state of affairs within the international Intelligent Agriculture market. The study incorporates market attractiveness analysis, whereby the market segments for product type and application square measure benchmarked supported their market size, rate of growth, and attractiveness in terms of chance. so as to grant an entire analysis of the general competitive state of affairs within the Intelligent Agriculture market, each geographical area mentioned within the report is supplied with attractiveness analysis. A market Overview chapter explains the market trends and dynamics that embody the market drivers, restraining factors, and opportunities for the present and future Intelligent Agriculture market. Market outlook analysis has been provided globally within the report. to boot, the report conjointly provides analysis of various business ways being adopted by market leaders of the Intelligent Agriculture market. Market introduction chapter assists in gaining an inspiration of various trends and services associated with Intelligent Agriculture. Check for Discount @ https://www.kdmarketinsights.com/discount/693 The research offers a comprehensive analysis of Intelligent Agriculture market with respect to various sub-markets. The segmentation of Intelligent Agriculture is by Product Type, by application and by global regions. By Product Type, the market is sub-segmented into directed Agriculture Equipment Filed, Agriculture Service Filed, Agriculture Technique Filed. By Application, the market is sub-segmented into directed Fleet Management-Tracking of Farm Vehicles, Arable Farming, Large and Small Field Farming, Livestock Monitoring, Indoor Farming-Greenhouses and Stables, Fish Farming, Other. The report covers every segment so that every segment is analyzed properly, and every area is considered while preparing the report so that requirements from that particular area can be analyzed and further modification can be made accordingly. The Geographical areas covered in this report are North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Russia, Spain and rest of Europe), Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa), Latin America (Argentina, Mexico, Brazil and Rest of Latin America). The report covers the leading trends in the market, insights and plan and policies adopted by the competitors in the market that can hamper the conditions of the market. The report describes the key competitors ruling in the market and plans and strategies adopted by them to grab their target market and working with consistency in the market so that company can prepare itself beforehand for the unforeseen circumstances. The key players profiled in the global Intelligent Agriculture market includes John Deere, Trimble, Precision Planting, Agco Corporation, AG Leader Technology, Dickey-John Corporation, Empire Agriculture, Intelligent Actuator, Intelligent Decisions and Others Major & Niche Key Players. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries. In the last section of the report, the current scenario of the market has been shown to provide a better overview of the market. The report highlights the data collected by the report. A perfect combination of the primary, as well as secondary research, has been made to collect all the facts and figures about the market and the company itself. Primary data research includes telephonic interviews; e-mail conversation, face to face interviews whereas secondary research includes the annual report depicting the financial position of the company, government regulations, shareholders reviews and statistical database. The further secondary method has been considered as a reliable method as a comparison to primary data. Browse Full Report @ https://www.kdmarketinsights.com/product/2018-global-intelligent-agriculture-market-report About KD Market Insights KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind. Contact Us 150 State street, 3rd Floor, Albany, New York United states (12207) Telephone: +1-518-300-1215 Email: - [email protected] Website: - www.kdmarketinsights.com
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Global Hydroponic Crop Farming Market is expected to reach to a valuation of USD 10,106.7 Million by the end of 2023
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Hydroponic Crop Farming Market 2017: Market Size, Trends & Opportunity Outlook – Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides a complete understanding of the Global Hydroponic Crop Farming Market in terms of revenue. Report start from the market overview section which demonstrates the market drivers, restraints and opportunities that influence the current and future status of the market. It also includes key trends, implementation restraints, end-user product issues and many more. These factors are responsible for changing the market scenario. The deep analysis of each segment in the report is provided in order to provide a thorough understanding of the overall scenario in the Hydroponic Crop Farming Market. The report covers the competitor’s strategies that help them to capture the market. Request for Sample @ https://www.kdmarketinsights.com/sample/34 The global hydroponic crop farming market accounted for USD 3,489.7 Million in 2017. Further, the market is expected to reach to a valuation of USD 10,106.7 Million by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 18.2% during the forecast period i.e. 2018-2023. Increasing consumer demand for local foods is one of the key factors driving the growth of hydroponics crop farming market. Apart from this, private sector investment is envisioned to bolster the growth of the market in the upcoming years. Segmentation The research offers a comprehensive analysis of hydroponic crop farming market with respect to following sub-markets: By Crop Lettuce Microgreens Medical Marijuana Tomatoes Herbs Pepper Cucumber Others By Farming Type Indoor Farming Outdoor Farming By Sales Hypermarket & Supermarket Restaurant and Chefs Grocery Stores Bulk Suppliers & Distributors Others By Geography North America (U.S. & Canada) Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) Latin America (Brazil, Mexico, Argentina and Rest of Latin America) Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa) Competitive Landscape The report profiles various major market players such as Bowery, Inc. Metropolis Farms, Inc. Lufa Farms FreshBox Farms Cropking Inc. Triton Foodworks Hydroherbs Evergreen Farm Oy GrowUp Urban Farms Urban Harvest Other Major & Niche Players Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/hydroponic-crop-farming-market-2017 Table of Contents: Research Methodology Market Definition and List of Abbreviations 1. Executive Summary 2. Growth Drivers & Issues in Hydroponic Crop Farming Market 3. Hydroponic Crop Farming Market Trends 4. Opportunities in Hydroponic Crop Farming Market 5. Recent Industry Activities, 2017 6. Porter's Five Forces Analysis 7. Market Value Chain and Supply Chain Analysis 8. Hydroponic Crop Farming Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. Hydroponic Crop Farming Market Segmentation Analysis, By Crop 9.1. Introduction 9.2. Market Attractiveness, By Crop 9.3. BPS Analysis, By Crop 9.4. Lettuce Market Size & Forecast (USD Million), 2017-2023 9.5. Microgreens Market Size & Forecast (USD Million), 2017-2023 9.6. Medical Marijuana Market Size & Forecast (USD Million), 2017-2023 9.7. Tomatoes Market Size & Forecast (USD Million), 2017-2023 9.8. Herbs Market Size & Forecast (USD Million), 2017-2023 9.9. Pepper Market Size & Forecast (USD Million), 2017-2023 9.10. Cucumber Market Size & Forecast (USD Million), 2017-2023 9.11. Others Market Size & Forecast (USD Million), 2017-2023 10. Hydroponic Crop Farming Market Segmentation Analysis, By Farming Type 10.1. Introduction 10.2. Market Attractiveness, By Farming Type 10.3. BPS Analysis, By Farming Type 10.4. Indoor Farming Market Size & Forecast (USD Million), 2017-2023 10.5. Outdoor Farming Market Size & Forecast (USD Million), 2017-2023 11. Hydroponic Crop Farming Market Segmentation Analysis, By Sales 11.1. Introduction 11.2. Market Attractiveness, By Sales 11.3. BPS Analysis, By Sales 11.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2017-2023 11.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2017-2023 11.6. Grocery Stores Market Size & Forecast (USD Million), 2017-2023 11.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2017-2023 11.8. Others Market Size & Forecast (USD Million), 2017-2023 12. Geographical Analysis 12.1. Introduction 12.2. North America Market Size (USD Million), 2017-2023 12.2.1. By Crop 12.2.1.1. Introduction 12.2.1.2. Market Attractiveness, By Crop 12.2.1.3. BPS Analysis, By Crop 12.2.1.4. Lettuce Market Size & Forecast (USD Million), 2017-2023 12.2.1.5. Microgreens Market Size & Forecast (USD Million), 2017-2023 12.2.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2017-2023 12.2.1.7. Tomatoes Market Size & Forecast (USD Million), 2017-2023 12.2.1.8. Herbs Market Size & Forecast (USD Million), 2017-2023 12.2.1.9. Pepper Market Size & Forecast (USD Million), 2017-2023 12.2.1.10. Cucumber Market Size & Forecast (USD Million), 2017-2023 12.2.1.11. Others Market Size & Forecast (USD Million), 2017-2023 12.2.2. By Farming Type 12.2.2.1. Introduction 12.2.2.2. Market Attractiveness, By Farming Type 12.2.2.3. BPS Analysis, By Farming Type 12.2.2.4. Indoor Farming Market Size & Forecast (USD Million), 2017-2023 12.2.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2017-2023 12.2.3. By Sales 12.2.3.1. Introduction 12.2.3.2. Market Attractiveness, By Sales Continue.... Check for Discount@ https://www.kdmarketinsights.com/discount/34 About KD Market Insights KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind. Contact Us 150 State street, 3rd Floor, Albany, New York United states (12207) Telephone: +1-518-300-1215 Email: - [email protected] Website: - www.kdmarketinsights.com
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Global Vertical Farming Market Seeking Growth from Emerging Markets, Study Drivers, Restraints and Forecast 2025
The Global Vertical Farming Market is expected to reach USD 6.23 billion by 2025, from USD 2.1 billion in 2017 growing at a CAGR of 25.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Global Vertical Farming Market By Product( Fruits, Vegetables & Herbs and Aquatic Species)By Technology (Aeroponics, Hydroponics, Aquaponics), By Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), By Application (Indoor environment, Outdoor environment.), By Offering (Lighting, Hydroponics Components, Climate Control, Sensors), By Geography (North America, Europe, Asia Pacific, South America)– Industry Trends and Forecast to 2025
Major Market Competitors/Players:
Some of the major players operating in the global vertical farming market are
· Bloomberg L.P.
· AeroFarms
· Sky Greens
· Illumitex, Inc.
· EVERLIGHT.
· Green Sense Farms
· agrilution GmbH
· AMHYDRO
· Urban Crop Solutions.
· FarmedHere.
· Hort Americas
· Plenty Inc.
· Valoya Oy.
· AEssenseGrows
· Whole Plant Technologies.
· Infinite Harvest, Inc.
· FUJITSU
· Indoor Harvest, Corp.
· Spread Co Limited
· Among others.
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Market Definition:
This market report defines the market trends and forecast the upcoming opportunities and threats of the vertical farming market in the next 8 years. A vertical farm is the practice of growing plants and producing crops in vertically layers, such as in a skyscraper, by using warehouses, or by shipping container, which makes the best use of the location’s square footage. Mostly, it is achieved by using shelves which are hung on a wall or fence. Growing capability of vertical farms is much faster than traditional. It can feed more individuals when compared to regular farming because as it grows 75 times more food per square foot when compared to a traditional farming. Vertical farming helps farmers to deliver their product on time and satisfying all supply based contracts. Furthermore, another advantage of vertical farming is that there is neither agricultural overflow nor there is any concept of seasonal crop in this process. Various advancements are observed in this field, for instance, whole plant technologies earlier launched grow tray system which have been considered to provide higher yields and faster harvests that maximizes profits by growing crops with zero drain-to-waste.
Major Market Drivers:
Increasing demand for high-quality food
Independent farming technique
Able to produce vegetables and fruits in a small space
Restraints:
High capital.
Varieties of crops grown are limited.
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Market Segmentation: Global Vertical Farming Market
The global vertical farming market is segmented into product, technology, structure, crop type, offering, and by geography.
Based on product:- fruits, vegetables & herbs and aquatic species.
Based on technology:- aeroponics, hydroponics, and aquaponics.
On the basis of structure:- Building-based vertical farms and shipping container vertical farms.
On the basis of offering:- Lighting, hydroponics components, climate control and sensors. Lighting is further segmented into grow lights, grow light reflectors and grow light ballasts, hydroponics components is further segmented into pumps and irrigation, meters and solutions, water filtration and others, climate control is further segmented into ventilation fans, air purification/control and others and sensors is further segmented into temperature sensors, CO2 sensors, nutrient sensors, PH sensors, crop sensors and others
Based on geography:- Global vertical farming market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa.
In 2017, North America is expected to dominate the market.
Competitive Analysis:
The global vertical farming market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vertical farming market for global, Europe, North America, Asia pacific and South America.
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Indoor Farming Technology Market Will Hit Big Revenues In Future
According to the new market research report “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 2026″, published by MarketsandMarkets™, the market size is estimated to account for a value of USD 14.5 billion in 2020 and is projected to grow at a CAGR 9.4% from 2020, to reach a value of USD 24.8 billion by 2026. Factors such as the higher yield as compared to conventional agriculture practices, controlled environment farming, and improved yield and higher produce with limited land resources, are some of the key factors driving the growth of the indoor farming technology market during the forecast period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40175861 COVID-19 Impact on the Global Indoor Farming Technology Market Amid the spread of COVID-19 pandemic, many individuals have developed a critical point of view towards outdoor food. With health and food safety becoming the key focus, the populations around the globe have showed an inclination towards home cooking and self-made/homemade meals. This has put the food and hotel industry into jeopardy. After the devastating outbreak of coronavirus pandemic, the adoption rate of urban indoor farming systems around the world are estimated to rise sharply. The agriculture industry faced challenges during the initial phases of the spread of the pandemic. There were huge labour shortages on the farm, some farmers missed their window of opportunity for harvesting for seasonal crops, the falling prices of agricultural products and the disruption of logistics. Many countries also realized their over dependence on imports of food materials and hence began emphasizing on internal and domestic productions. Indoor Farming Technology Market Dynamics Driver: Need for higher yields using limited space and water. One of the main advantages of indoor farming is its higher yield compared to conventional farming methods. Enclosed facilities used in indoor farming create optimum growing conditions for farmers to grow a crop from seed to the harvesting stages in lesser time and obtain higher yields in each cycle with limited land area. According to USDA data, in 2016, the average yield of tomatoes grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of traditionally grown tomatoes was 1.85 pounds per square foot. Therefore, indoor farms can increase the overall crop yield by stacking additional layers and increasing the growing area. Indoor farming addresses the concern of limited space, as certain plants can be grown in smaller areas. For instance, in vertical farming, every facility developed reduces the need for utilizing land by a hundred-fold. The level of water wastage is less when compared to conventional farming. Indoor farms recirculate and reuse the water; an average of 95% less water is required to grow the same crops as compared to outdoor farming. When plants or crops are grown in vertical greenhouses, the transpiration process occurs, which makes it feasible for farmers to reuse the water for irrigation purposes. The chances of water wastage become minimal, and therefore, this method is helpful in resource conservation. Restraint: High initial investments The initial cost of the indoor farming setup is more compared to the investment required in traditional farming. One of the main factors responsible for the high investment is the cost of urban land, which is higher than that of farmland. Furthermore, energy accounts for a higher percentage of operating costs for both vertical farms and greenhouses. For instance, in vertical farming operations, lights run for 16 hours per day, while in greenhouses, light is applied to plants for 9 hours per day in winter. Powering up a farmscraper for lights and controlling ambient temperatures involve high costs and are labor-intensive. Controlling the environment within buildings with regard to lighting, temperature, pollination, and the arrangement of plants is important for an ideal indoor farm. Farmers are required to make a high initial investment for the devices and equipment used for indoor farming. This is one of the major restraints for the indoor farming technology market. Opportunity: Development of innovative and cost-effective technologies Many technologies used in indoor farming do not have a long commercially proven record, and studies are still being conducted to ascertain the impact of these technologies on the shelf life of plants. Through research conducted at the Lighting Research Center (New York), the impact of LED lighting on plants was studied, and it showed positive results. However, the technology is in the introductory stage and requires improvements to become optimally beneficial and commercially viable. New technologies need to be developed to decrease the carbon footprint in indoor farming. Growers are more interested in investing in technologies that would lower their costs invested in labor, as they are required on large-scale farms for monitoring, maintaining, supplying the nutrients, and harvesting. Hence, in the future, there is an opportunity to develop fully automated urban farms based on vertical farming and controlled environment agriculture. Challenge: Lack of adequate funding In many agriculture-related businesses, finding an investor is very difficult, and this might act as a challenge, thereby leading to fewer growers investing in indoor farming. Furthermore, limited funding slows down the pace of R&D for indoor farming in public institutions and universities, which, in turn, limits the availability of data and information, which would otherwise encourage cultivators to invest. In the recent scenario, however, there are some sources of high funding available for players in the indoor farming technology market space. For instance, Aerofarms (US), one of the indoor farming players, raised USD 50 million from Goldman Sachs Group (US) and Prudential Financial, Inc. (US). The increasing adoption of hydroponics and vertical farming systems in the Asia Pacific countries, drive the regions growth rate at a higher pace. The Asia Pacific region is projected to grow at the highest rate, as the demand for indoor farming technology has been growing in this region due to the increasing investment of overseas business lines in agricultural operations to exclusively meet the demands of the crop growers to attain export-quality crops. In addition, the farming industry in the Asia Pacific region has been shifting toward technological and innovative methods from a conventional agricultural practice system. These shifts lead to the modernization of crop management techniques to gain better premium value for the crops. There are numerous indoor farms in China, Japan, Singapore, Taiwan, and other such technologically advanced countries. China is estimated to account for the largest share in the Asia Pacific indoor farming technology market due to the increasing investments from several multinational manufacturers in R&D and the adoption of greenhouse farming for the production of certain crops. The restraining factor in the Asia Pacific market is the high initial cost required to set up these systems. Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=40175861 Key Market Players Key players in this market include include major players such as Signify Holding (Netherlands), Everlight Electronics (China), Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel), Logiqs (Netherlands), Illumitex (US), Hydrodynamics International (US), American Hydroponics (US), Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (US), Agrilution (Germany), Heliospectra AB (Sweden), Scotts Miracle Gro (US), Hydroponics System International (Spain), Advanced Nutrients (US), Emerald Harvest (US), VitaLink (UK), and Grobo (US). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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Indoor Farming Robots Market Poised to Expand at a Robust Pace Over 2025
Market Overview
The use of robots in farming is expected to rise as the human counterparts move towards other better-paying professions, spurring the indoor farming robots market 2020. The semiconductors and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million by 2025.
The labor-intensive nature of agriculture is expected to advocate the use of indoor robots, thus spurring the overall market. The restricted accessibility of arable land is predicted to enhance the indoor farming robot market in the forecast period.
Segmental Analysis
The segmentation of the indoor farming robots market is segmented into type, automation, application, and region. Based on the automation, the indoor farming robots market is segmented into semi-autonomous and fully autonomous. Based on the region, the indoor farming robots market is segmented into Asia-Pacific, Europe, North America, and the rest of the regions. Based on the application, the indoor farming robots market is segmented into fruits, vegetables, and floriculture. Based on the type, the indoor farming robots market is segmented into robotic fodder, cutting robot, robot gripper, material handling robot, monitoring drones, incubators, and others.
Detailed Regional Analysis
The regional assessment of the indoor farming robots market includes regions such as Asia-Pacific, Europe, North America, and the rest of the regions. The European region was accountable for the principal market worth of USD 33.1 Million in 2018. The indoor farming robots market is likely to record a CAGR of 21.43% for the period of the forecast period. The European region will dominate the indoor farming robots market all through the forecast period due to restricted arable land with augmented demand for freshly cultivated food.
Competitive Analysis
The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period.
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The central contenders in the Indoor Farming Robots Market are OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo (Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot Inc. (US), and Metomotion (Israel) among others.
Industry Updates
Jan 2020 Naïo Technologies, dedicated to developing agricultural robots, recently announced the close of a €14 million funding round led by Bpifrance. The Impact investor Pymwymic and its past shareholders, Capagro and Demeter, sided with Bpifrance in this investment round. This fresh investment round will facilitate Naïo Technologies to additionally take advantage of on its place as a leader in agricultural robotics and arrive at the next level of technology development in order to ready the robots for mass production.
Oct 2019 A farm, from a startup known as Fifth Season, has start selling spinach, lettuce, and other leafy greens, by means of a robot-based system that the creators say is cost-competitive with growing and transporting the same crops from a conventional farm.
Table of Content:
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 GROWING POPULATION AND LIMITED AVAILABILITY OF ARABLE LAND
4.2.2 SHORTAGE OF FARM LABOR
4.2.3 INCREASING DEMAND FOR ORGANIC FOOD ACROSS THE GLOBE
4.2.4 DRIVER IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 HIGH COST OF INDOOR FARMING ROBOTS
4.3.2 LACK OF REGULATORY UNIFORMITY
4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 SERVITIZATION OF AGRIBOTS
4.5 CHALLENGES
4.5.1 LIMITED AWARENESS REGARDING AGRICULTURAL ROBOTS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 COMPONENT SUPPLIERS
5.1.2 SOFTWARE DEVELOPERS
5.1.3 SYSTEM INTEGRATORS
5.1.4 DISTRIBUTION CHANNEL
5.1.5 END USERS
5.2 PORTERS FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 RIVALRY
6 GLOBAL INDOOR FARMING ROBOTS MARKET, BY TYPE
6.1 ROBOT GRIPPER
6.2 CUTTING ROBOT
6.3 ROBOTIC FODDER
6.4 MATERIAL HANDLING ROBOT
6.5 INCUBATORS
6.6 MONITORING DRONES
6.7 OTHERS
6.8 MARKET ESTIMATES AND FORECAST, BY TYPE, 2016–2027
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About Us
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Media Contact:
Market Research Future
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Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
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Indoor Farming Robots Market Foreseen To Grow Exponentially Over 2025
Market Overview
The use of robots in farming is expected to rise as the human counterparts move towards other better-paying professions, spurring the indoor farming robots market 2020. The semiconductors and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million by 2025.
The labor-intensive nature of agriculture is expected to advocate the use of indoor robots, thus spurring the overall market. The restricted accessibility of arable land is predicted to enhance the indoor farming robot market in the forecast period.
Segmental Analysis
The segmentation of the indoor farming robots market is segmented into type, automation, application, and region. Based on the automation, the indoor farming robots market is segmented into semi-autonomous and fully autonomous. Based on the region, the indoor farming robots market is segmented into Asia-Pacific, Europe, North America, and the rest of the regions. Based on the application, the indoor farming robots market is segmented into fruits, vegetables, and floriculture. Based on the type, the indoor farming robots market is segmented into robotic fodder, cutting robot, robot gripper, material handling robot, monitoring drones, incubators, and others.
Detailed Regional Analysis
The regional assessment of the indoor farming robots market includes regions such as Asia-Pacific, Europe, North America, and the rest of the regions. The European region was accountable for the principal market worth of USD 33.1 Million in 2018. The indoor farming robots market is likely to record a CAGR of 21.43% for the period of the forecast period. The European region will dominate the indoor farming robots market all through the forecast period due to restricted arable land with augmented demand for freshly cultivated food.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8616
Competitive Analysis
The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period.
The central contenders in the Indoor Farming Robots Market are OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo (Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot Inc. (US), and Metomotion (Israel) among others.
Industry Updates
Jan 2020 Naïo Technologies, dedicated to developing agricultural robots, recently announced the close of a €14 million funding round led by Bpifrance. The Impact investor Pymwymic and its past shareholders, Capagro and Demeter, sided with Bpifrance in this investment round. This fresh investment round will facilitate Naïo Technologies to additionally take advantage of on its place as a leader in agricultural robotics and arrive at the next level of technology development in order to ready the robots for mass production.
Oct 2019 A farm, from a startup known as Fifth Season, has start selling spinach, lettuce, and other leafy greens, by means of a robot-based system that the creators say is cost-competitive with growing and transporting the same crops from a conventional farm.
Table of Content:
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 GROWING POPULATION AND LIMITED AVAILABILITY OF ARABLE LAND
4.2.2 SHORTAGE OF FARM LABOR
4.2.3 INCREASING DEMAND FOR ORGANIC FOOD ACROSS THE GLOBE
4.2.4 DRIVER IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 HIGH COST OF INDOOR FARMING ROBOTS
4.3.2 LACK OF REGULATORY UNIFORMITY
4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 SERVITIZATION OF AGRIBOTS
4.5 CHALLENGES
4.5.1 LIMITED AWARENESS REGARDING AGRICULTURAL ROBOTS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 COMPONENT SUPPLIERS
5.1.2 SOFTWARE DEVELOPERS
5.1.3 SYSTEM INTEGRATORS
5.1.4 DISTRIBUTION CHANNEL
5.1.5 END USERS
5.2 PORTERS FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 RIVALRY
Get Complete Report @ https://www.marketresearchfuture.com/reports/indoor-farming-robots-market-8616
About Us
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
0 notes
Text
Indoor Farming Robots Market Analysis By Key Manufacturers, Regions, Type And Application And Growth Forecast To 2025
Market Overview
The use of robots in farming is expected to rise as the human counterparts move towards other better-paying professions, spurring the indoor farming robots market 2020. The semiconductors and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million by 2025.
The labor-intensive nature of agriculture is expected to advocate the use of indoor robots, thus spurring the overall market. The restricted accessibility of arable land is predicted to enhance the indoor farming robot market in the forecast period.
Segmental Analysis
The segmentation of the indoor farming robots market is segmented into type, automation, application, and region. Based on the automation, the indoor farming robots market is segmented into semi-autonomous and fully autonomous. Based on the region, the indoor farming robots market is segmented into Asia-Pacific, Europe, North America, and the rest of the regions. Based on the application, the indoor farming robots market is segmented into fruits, vegetables, and floriculture. Based on the type, the indoor farming robots market is segmented into robotic fodder, cutting robot, robot gripper, material handling robot, monitoring drones, incubators, and others.
Detailed Regional Analysis
The regional assessment of the indoor farming robots market includes regions such as Asia-Pacific, Europe, North America, and the rest of the regions. The European region was accountable for the principal market worth of USD 33.1 Million in 2018. The indoor farming robots market is likely to record a CAGR of 21.43% for the period of the forecast period. The European region will dominate the indoor farming robots market all through the forecast period due to restricted arable land with augmented demand for freshly cultivated food.
Competitive Analysis
The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8616
The central contenders in the Indoor Farming Robots Market are OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo (Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot Inc. (US), and Metomotion (Israel) among others.
Industry Updates
Jan 2020 Naïo Technologies, dedicated to developing agricultural robots, recently announced the close of a €14 million funding round led by Bpifrance. The Impact investor Pymwymic and its past shareholders, Capagro and Demeter, sided with Bpifrance in this investment round. This fresh investment round will facilitate Naïo Technologies to additionally take advantage of on its place as a leader in agricultural robotics and arrive at the next level of technology development in order to ready the robots for mass production.
Oct 2019 A farm, from a startup known as Fifth Season, has start selling spinach, lettuce, and other leafy greens, by means of a robot-based system that the creators say is cost-competitive with growing and transporting the same crops from a conventional farm.
Table of Content:
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECASTING TECHNIQUES
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 GROWING POPULATION AND LIMITED AVAILABILITY OF ARABLE LAND
4.2.2 SHORTAGE OF FARM LABOR
4.2.3 INCREASING DEMAND FOR ORGANIC FOOD ACROSS THE GLOBE
4.2.4 DRIVER IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 HIGH COST OF INDOOR FARMING ROBOTS
4.3.2 LACK OF REGULATORY UNIFORMITY
4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 SERVITIZATION OF AGRIBOTS
4.5 CHALLENGES
4.5.1 LIMITED AWARENESS REGARDING AGRICULTURAL ROBOTS
Get Complete Report @ https://www.marketresearchfuture.com/reports/indoor-farming-robots-market-8616
About Us
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
0 notes