North America indoor farming technology market was valued at USD 1.92 billion in 2021 and is expected to reach USD 6.21 billion by 2029, registering a CAGR of 15.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
North America Indoor Farming Technology Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
Indoor farming is not a new concept. In fact, the first and the prime example of indoor farming can be traced back to Hanging Garden of Babylon built more than 2500 years ago. Worldwide, in 2021, around 16.5 million square feet of indoor farms had been recorded. Factually and scientifically proven, indoor farming is 170X more productive than outdoor farming. There is a greater and faster growth in indoor farming.
From the name itself, it is clear that indoor farming technology is the application of tools and necessary measures to produce plants, crops and food in general in an indoor setting. Indoor farming enjoys a unique set of advantages as the produce is fresh, healthy, free of chemicals and high in nutrition. Indoor farming technology can easily be used for small scale and large scale institutional settings.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the ICT industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The indoor farming technology market is segmented on the basis of growing system, facility type, component, farm size and crop type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Growing System
- Aeroponics
- Hydroponics
- Aquaponics
- Soil-Based
- Hybrid
Facility Type
- Glass or Poly Greenhouses
- Indoor Vertical Farms
- Container Farms
- Indoor Deep Water Culture (DWC) Systems
Component
- Hardware
- Climate control systems
- Lighting systems
- Communication systems
- Sensors, system controls
- Irrigation systems
- Others
Farm Size
- Large Farms
- Small Farms
Crop Type
- Fruits and Vegetables
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens
- Lettuce
- Kale
- Spinach
- Others
Market Country Level Analysis
The countries covered in the indoor farming technology market report are U.S., Canada and Mexico in North America.
U.S. in North America dominates the indoor farming technology market due to the fact that the country is the largest manufacturer and service provider of indoor farming technology. Increased focus on the research and development proficiencies will further widen the scope of growth for this country in North America.
Some of the major players operating in the indoor farming technology market are
- Sananbio (U.S.)
- Hawthorne Gardening Co. (U.S.)
- Freight Farms, Inc. (U.S.)
- OSRAM SYLVANIA Inc. (U.S.)
- SUNCORE TILES (Canada)
- Priva (Netherlands)
- Surna. (U.S.)
- ZipGrow. (Canada)
- LOGIQS B.V. (Netherlands)
- GE CURRENT (U.S.)
- Signify Holding. (Netherlands)
- Argus Control Systems Limited (Canada)
- LumiGrow. (U.S.)
- Certhon (Netherlands)
North America Indoor Farming Technology Market Report Answers the Following Questions:
What is the expected growth rate of the North America Indoor Farming Technology Market during the forecast period?
What are the various factors that are likely to drive the growth of the North America Indoor Farming Technology Market?
What are the major challenges faced by the North America Indoor Farming Technology Market, and how are they being addressed?
Who are the key players operating in the North America Indoor Farming Technology Market, and what are their strategies for growth?
What are the emerging trends in the North America Indoor Farming Technology Market, and how are they expected to shape the market in the coming years?
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