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Global Indoor Farming Technology Industry Report Projecting $41 Billion by 2025 | A report by Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow and others

Global Farming industry is transforming owing to the ongoing changes in the Indoor farming technology due to some key players and brands leading the market in the forecasted period from 2019 to 2025. The indoor farming technology report is a screen for the indoor farming technology market explaining the terminologies like the market definition, classifications, applications, engagements, and market trends. The report further covers the market drivers and restraints using the SWOT analysis. In addition, the report comprises of company profiles of all the recent developments, product launches, joint ventures, mergers and accusations by the several key players and brands driving the market.

Market Analysis:

The indoor farming technology market was valued at USD 39.8 billion in 2017 and is expected to reach USD 41.0 billion in 2025, growing at a healthy CAGR of 9.6% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Key Players:

  • Philips Lighting
  • Everlight Electronics
  • Argus Controls Systems
  • Netafim
  • Lumigrow
  • 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 and many more.

…And More GET DETAILED TOC AT https://databridgemarketresearch.com/toc/?dbmr=global-indoor-farming-technology-market

Market Drivers & Restrainers: 

  • Lesser impact of changing weather conditions
  • Improve yield of crops and reduce crop wastage
  • Rise in investment of overseas business lines in agricultural operations
  • Growth in demand for food, rapid urbanization, and increase in need for new productive soils
  • Lighting challenges compared with natural lighting
  • High initial investment for setup
  • Limitations on the type of crops that can be grown

Market Segmentation:

  • Growing System
  • Component
  • Facility Type
  • Crop Type

Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Competitive Landscape:

The global indoor farming technology 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 cyber security as a service market for global, Europe, North America, Asia-Pacific, South America, and Middle East & Africa.

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