About Indoor Agriculture
Indoor farming addresses the situation of restricted space, as positive flowers can be grown in smaller areas. The stage of water wastage is much less when in contrast to traditional farming. Indoor farms recirculate and reuse the water; an common of 95% much less water is required to develop the identical plants as in contrast to out of doors farming. One of the most apparent advantages of indoor vertical farms is house a lot extra space. Vertical farms are in a position to dramatically make bigger productiveness per acre through accommodating many greater vegetation to develop upward, all whilst occupying the identical quantity of land.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Indoor Agriculture market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Richel Group (France), Vertical Farm Systems (Australia), General Hydroponics (United States), Agrilution (Germany), Heliospectra AB (Sweden), Signify Holding (Netherlands), Everlight Electronics (China), Illumitex (United States), Hydrodynamics International (United States) and American Hydroponics (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel) and Logiqs (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Agriculture market by Type (Greenhouses, Vertical Farms and Container Farms) and Region.
On the basis of geography, the market of Indoor Agriculture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Crop, the sub-segment i.e. Fruits & Vegetables will boost the Indoor Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Climate Control Systems will boost the Indoor Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mechanism Growth, the sub-segment i.e. Hydroponics will boost the Indoor Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Robots will boost the Indoor Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Greenhouse Farming for the Production of Certain Crops and Rising Investments in R&D
Market Growth Drivers:
Higher Productivity in a much Smaller Area
Challenges:
Rising Temperatures and more Frequent Droughts caused by Global Warming
Restraints:
High Cost Associated with Initial Investments
Opportunities:
Development of Innovative Technologies
Market Leaders and their expansionary development strategies
In November 2023,AGCO, a global agricultural tractor and machinery manufacture, is on the forefront of digital transformation. Following its groundbreaking joint venture with Trimble, which aims for complete autonomy in crop cycles by 2030, AGCO is taking next steps with the acquisition of FarmFacts’ German data platform and the launch of AGCO Ventures.
In November 2023, Himalaya Technologies, Inc. announces the launch of “INFOOD TECHNOLOGIES” to offer indoor agriculture products and services to K12 and collegiate education, municipal government, and enterprise customers. As part of the INFOOD initiative, Himalaya has partnered with Nelson and Pade, Inc. an industry leading provider of Aquaponics Systems and Services, and Vertical Crop Consultants, Inc.
Key Target Audience
Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.