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Indoor Farming Technologies Market 2024-2028

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    Report

  • 136 Pages
  • October 2024
  • Region: Global
  • TechNavio
  • ID: 5457222
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The indoor farming technologies market is forecasted to grow by USD 6.58 billion during 2023-2028, accelerating at a CAGR of 20.1% during the forecast period. The report on the indoor farming technologies market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to improve yield of crops and reduce crop wastage, reduction in pollution and deforestation, and increase in certified products.

The indoor farming technologies market is segmented as below:

By Application

  • Greenhouse farming
  • Vertical farming

By Geographical Landscape

  • Europe
  • APAC
  • North America
  • South America
  • Middle East and Africa
This study identifies the increasing need for food security as one of the prime reasons driving the indoor farming technologies market growth during the next few years. Also, increasing opportunities to become self-sufficient and increasing use of renewable power sources will lead to sizable demand in the market.

The report on the indoor farming technologies market covers the following areas:

  • Indoor Farming Technologies Market sizing
  • Indoor Farming Technologies Market forecast
  • Indoor Farming Technologies Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading indoor farming technologies market vendors that include Advanced Grow Lights American Co., Agrowtek Inc., Argus Control Systems Ltd., California LightWorks, Certhon Build B.V., Dalsem Greenhouse Projects BV, General Electric Co., GreenTech Agro LLC, Growlink, Honeywell International Inc., Industries Harnois Inc., KCC Companies, Koninklijke Philips N.V., Link4 Corp., LumiGrow Inc, Motorleaf, Richel Group SAS, Urban Crop Solutions, Vertical Farm Systems Pty Ltd, and ZipGrow Inc. Also, the indoor farming technologies market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Indoor Farming Technologies Market 2018 - 2022
Historic Market Size - Data Table on Global Indoor Farming Technologies Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Greenhouse farming - Market size and forecast 2023-2028
Chart on Greenhouse farming - Market size and forecast 2023-2028 ($ million)
Data Table on Greenhouse farming - Market size and forecast 2023-2028 ($ million)
Chart on Greenhouse farming - Year-over-year growth 2023-2028 (%)
Data Table on Greenhouse farming - Year-over-year growth 2023-2028 (%)
6.4 Vertical farming - Market size and forecast 2023-2028
Chart on Vertical farming - Market size and forecast 2023-2028 ($ million)
Data Table on Vertical farming - Market size and forecast 2023-2028 ($ million)
Chart on Vertical farming - Year-over-year growth 2023-2028 (%)
Data Table on Vertical farming - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.4 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.5 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 The Netherlands - Market size and forecast 2023-2028
Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
8.10 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.11 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.12 Canada - Market size and forecast 2023-2028
Chart on Canada - Market size and forecast 2023-2028 ($ million)
Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Chart on Canada - Year-over-year growth 2023-2028 (%)
Data Table on Canada - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Advanced Grow Lights American Co.
Advanced Grow Lights American Co. - Overview
Advanced Grow Lights American Co. - Product / Service
Advanced Grow Lights American Co. - Key offerings
11.4 Agrowtek Inc.
Agrowtek Inc. - Overview
Agrowtek Inc. - Product / Service
Agrowtek Inc. - Key offerings
11.5 Argus Control Systems Ltd.
Argus Control Systems Ltd. - Overview
Argus Control Systems Ltd. - Product / Service
Argus Control Systems Ltd. - Key offerings
11.6 Certhon Build B.V.
Certhon Build B.V. - Overview
Certhon Build B.V. - Product / Service
Certhon Build B.V. - Key offerings
11.7 Dalsem Greenhouse Projects BV
Dalsem Greenhouse Projects BV - Overview
Dalsem Greenhouse Projects BV - Product / Service
Dalsem Greenhouse Projects BV - Key offerings
11.8 Industries Harnois Inc.
Industries Harnois Inc. - Overview
Industries Harnois Inc. - Product / Service
Industries Harnois Inc. - Key offerings
11.9 Richel Group SAS
Richel Group SAS - Overview
Richel Group SAS - Product / Service
Richel Group SAS - Key offerings
11.10 Urban Crop Solutions
Urban Crop Solutions - Overview
Urban Crop Solutions - Product / Service
Urban Crop Solutions - Key offerings
11.11 Vertical Farm Systems Pty Ltd
Vertical Farm Systems Pty Ltd - Overview
Vertical Farm Systems Pty Ltd - Product / Service
Vertical Farm Systems Pty Ltd - Key offerings
11.12 ZipGrow Inc.
ZipGrow Inc. - Overview
ZipGrow Inc. - Product / Service
ZipGrow Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Indoor Farming Technologies Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Greenhouse farming - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Greenhouse farming - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Greenhouse farming - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Greenhouse farming - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Vertical farming - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Vertical farming - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Vertical farming - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Vertical farming - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Application ($ million)
Exhibits 43: Data Table on Market opportunity by Application ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 89: Market opportunity By Geographical Landscape ($ million)
Exhibits 90: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2023 and 2028
Exhibits 92: Overview on criticality of inputs and factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Companies covered
Exhibits 96: Matrix on companies position and classification
Exhibits 97: Advanced Grow Lights American Co. - Overview
Exhibits 98: Advanced Grow Lights American Co. - Product / Service
Exhibits 99: Advanced Grow Lights American Co. - Key offerings
Exhibits 100: Agrowtek Inc. - Overview
Exhibits 101: Agrowtek Inc. - Product / Service
Exhibits 102: Agrowtek Inc. - Key offerings
Exhibits 103: Argus Control Systems Ltd. - Overview
Exhibits 104: Argus Control Systems Ltd. - Product / Service
Exhibits 105: Argus Control Systems Ltd. - Key offerings
Exhibits 106: Certhon Build B.V. - Overview
Exhibits 107: Certhon Build B.V. - Product / Service
Exhibits 108: Certhon Build B.V. - Key offerings
Exhibits 109: Dalsem Greenhouse Projects BV - Overview
Exhibits 110: Dalsem Greenhouse Projects BV - Product / Service
Exhibits 111: Dalsem Greenhouse Projects BV - Key offerings
Exhibits 112: Industries Harnois Inc. - Overview
Exhibits 113: Industries Harnois Inc. - Product / Service
Exhibits 114: Industries Harnois Inc. - Key offerings
Exhibits 115: Richel Group SAS - Overview
Exhibits 116: Richel Group SAS - Product / Service
Exhibits 117: Richel Group SAS - Key offerings
Exhibits 118: Urban Crop Solutions - Overview
Exhibits 119: Urban Crop Solutions - Product / Service
Exhibits 120: Urban Crop Solutions - Key offerings
Exhibits 121: Vertical Farm Systems Pty Ltd - Overview
Exhibits 122: Vertical Farm Systems Pty Ltd - Product / Service
Exhibits 123: Vertical Farm Systems Pty Ltd - Key offerings
Exhibits 124: ZipGrow Inc. - Overview
Exhibits 125: ZipGrow Inc. - Product / Service
Exhibits 126: ZipGrow Inc. - Key offerings
Exhibits 127: Inclusions checklist
Exhibits 128: Exclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Information sources
Exhibits 132: Data validation
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Data synthesis
Exhibits 135: 360 degree market analysis
Exhibits 136: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global indoor farming technologies market: Advanced Grow Lights American Co., Agrowtek Inc., Argus Control Systems Ltd., California LightWorks, Certhon Build B.V., Dalsem Greenhouse Projects BV, General Electric Co., GreenTech Agro LLC, Growlink, Honeywell International Inc., Industries Harnois Inc., KCC Companies, Koninklijke Philips N.V., Link4 Corp., LumiGrow Inc, Motorleaf, Richel Group SAS, Urban Crop Solutions, Vertical Farm Systems Pty Ltd, and ZipGrow Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing need for food security."

According to the report, one of the major drivers for this market is the need to improve yield of crops and reduce crop wastage.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanced Grow Lights American Co.
  • Agrowtek Inc.
  • Argus Control Systems Ltd.
  • California LightWorks
  • Certhon Build B.V.
  • Dalsem Greenhouse Projects BV
  • General Electric Co.
  • GreenTech Agro LLC
  • Growlink
  • Honeywell International Inc.
  • Industries Harnois Inc.
  • KCC Companies
  • Koninklijke Philips N.V.
  • Link4 Corp.
  • LumiGrow Inc
  • Motorleaf
  • Richel Group SAS
  • Urban Crop Solutions
  • Vertical Farm Systems Pty Ltd
  • ZipGrow Inc.