Indoor Farming Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70978
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The indoor farming market has the potential to grow by USD 624.28 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.60%.

This indoor farming market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (greenhouse farming and vertical farming) and geography (Europe, APAC, North America, South America, and MEA). The indoor farming market report also offers information on several market vendors, including Certhon, Dalsem Greenhouse Projects BV, General Electric Co., Honeywell International Inc., Koninklijke Philips NV, Netafim Ltd., Richel Group SAS, Urban Crop Solutions, and Vertical Farm Systems among others.

What will the Indoor Farming Market Size be in 2021?

Indoor-Farming-Technologies-Market-Market-Size-2020-2025

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Indoor Farming Market: Key Drivers and Trends

The reduction in pollution and deforestation is notably driving the indoor farming market growth, although factors such as lack of skilled labor for indoor farming may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the indoor farming industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This indoor farming market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Indoor Farming Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Certhon
  • Dalsem Greenhouse Projects BV
  • General Electric Co.
  • Honeywell International Inc.
  • Koninklijke Philips NV
  • Netafim Ltd.
  • Richel Group SAS
  • Urban Crop Solutions
  • Vertical Farm Systems

 

The vendor landscape of the indoor farming market entails successful business strategies deployed by the vendors. The indoor farming market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the indoor farming market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Indoor Farming Market?

Indoor-Farming-Technologies-Market-Market-Share-by-Region-2020-2025

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33% of the market’s growth will originate from Europe during the forecast period. The Netherlands is the key market for indoor farming in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. An increase in the offering of certified products will facilitate the indoor farming market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Indoor Farming Market?

Indoor-Farming-Technologies-Market-Market-Share-by-Application-2020-2025

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The indoor farming market share growth by the greenhouse farming segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the indoor farming market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

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What are the Key Factors Covered in this Indoor Farming Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive indoor farming market growth during the next five years
  • Precise estimation of the indoor farming market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the indoor farming market across Europe, APAC, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of indoor farming market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Greenhouse farming - Market size and forecast 2020-2025
  • Vertical farming - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Certhon
  • Dalsem Greenhouse Projects BV
  • General Electric Co.
  • Honeywell International Inc.
  • Koninklijke Philips NV
  • Netafim Ltd.
  • Richel Group SAS
  • Urban Crop Solutions
  • Vertical Farm Systems

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The indoor farming technologies market growth will increase by $624.28 million during 2020-2025.
The indoor farming technologies market is expected to grow at a CAGR of 8.60% during 2020-2025.
Technavio has segmented the indoor farming technologies market by application (Greenhouse farming and Vertical farming) and geographic (Europe, APAC, North America, South America, and MEA).
Certhon, Dalsem Greenhouse Projects BV, General Electric Co., Honeywell International Inc., Industries Harnois Inc.  , Koninklijke Philips NV, Netafim Ltd., Richel Group SAS, Urban Crop Solutions, Vertical Farm Systems are a few of the key vendors in the indoor farming technologies market.
Europe will register the highest growth rate of 33.14% among the other regions. Therefore, the indoor farming technologies market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • The Netherlands
  • Japan
  • China
  • Canada
The key factors driving the indoor farming technologies market growth are:
  • Rising need to improve yield of crops and reduce water wastage
The indoor farming technologies market vendors should focus on grabbing business opportunities from the greenhouse farming segment as it accounted for the largest market share in the base year.
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