As part of Emergen Research's Global Indoor Farming Technology Market Research Report, key business details and extensive geographical spread of the Indoor Farming Technology industry have been analyzed. The current COVID-19 pandemic is expected to have an effect on the growth of the Indoor Farming Technology industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, Indoor Farming Technology will probably be one of the markets that have been impacted, along with other sectors. The sector's growth would be further hampered by the recession in the economy and the dynamic shifts in demand. The COVID-19 pandemic's effects on the entire Indoor Farming Technology industry are covered in the paper. In addition to a thorough qualitative and quantitative examination, the report also includes significant data regarding the Indoor Farming Technology market. Based on historical data from 2017 and 2018, a thorough projection is given till 2027. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans.

The global Indoor Farming Technology market will be worth USD 62.67 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be the rising demand for health-conscious consumers for high-quality and fresh organic foods. The rising incidence of chronic diseases among consumers has shifted their preferences towards high-quality organic food as they are more nutritious, healthier, and safer. Rapid urbanization in the emerging economies and the increasing purchasing power of the consumers is driving the growth of the indoor farming technology market. Growing initiatives to develop an independent farming technique having less impact on climate is anticipated to fuel the development of the indoor farming system.

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The report bifurcates the Indoor Farming Technology market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Key Companies Profiled in the Report are:

Everlight Electronics, Philips Lighting, Netafim, Illumitex, Inc., Argus Control Systems, Logiqs B.V., Freight Farms, Signify, BrightFarms, American Hydroponics

Regional Landscape section of the Indoor Farming Technology report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Indoor Farming Technology market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

On the basis of type, the market is segmented into

  • Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

    • Software & Services (web-based, cloud-based)
    • Hardware (Lighting Systems, Irrigation Systems, Sensors, Climate Control Systems)
  • Facility Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

    • Indoor Deep Water Culture (DWC) systems
    • Indoor vertical farms (Shipping Container, building-based)
    • Glass or poly greenhouses
  • Growth Mechanisms Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

    • Aeroponics
    • Hydroponics
    • Aquaponics
    • Hybrid
    • Soil-based

Research Report on the Indoor Farming Technology Market Addresses the Following Key Questions:

  • Who are the dominant players of the Indoor Farming Technology market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Indoor Farming Technology market?
  • What are the key growth drivers and restraining factors of the Indoor Farming Technology market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Indoor Farming Technology market and its key segments?

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