Table of Content

1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 34
1.3 STUDY SCOPE 35
FIGURE 1 MARKET SEGMENTATION 35
1.3.1 INCLUSIONS & EXCLUSIONS 35
1.3.2 REGIONAL SEGMENTATION 36
1.4 YEARS CONSIDERED 37
1.5 CURRENCY CONSIDERED 37
1.5.1 CURRENCY (VALUE) 37
TABLE 1 USD EXCHANGE RATES, 2018–2022 38
1.6 STAKEHOLDERS 38
1.7 SUMMARY OF CHANGES 39
1.8 RECESSION IMPACT ANALYSIS 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 2 INDOOR FARMING TECHNOLOGY MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Key data from primary sources 42
2.1.2.2 Breakdown of primary profiles 43
2.1.2.3 Key industry insights 44
2.2 MARKET SIZE ESTIMATION 44
FIGURE 3 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION – DEMAND SIDE (TOP-DOWN APPROACH) 45
2.2.1 BOTTOM-UP APPROACH 45
FIGURE 4 INDOOR FARMING TECHNOLOGY MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46
2.3 DATA TRIANGULATION 47
FIGURE 5 DATA TRIANGULATION METHODOLOGY 47
2.4 RESEARCH ASSUMPTIONS 48
2.5 LIMITATIONS AND RISK ASSESSMENT 49
2.6 RECESSION IMPACT ON INDOOR FARMING TECHNOLOGY MARKET 49
2.6.1 MACRO INDICATORS OF RECESSION 49
FIGURE 6 INDICATORS OF RECESSION 49
FIGURE 7 WORLD INFLATION RATE: 2011–2021 50
FIGURE 8 GLOBAL GDP: 2011–2021 (USD TRILLION) 51
FIGURE 9 RECESSION INDICATORS AND IMPACT ON INDOOR FARMING TECHNOLOGY MARKET 52
FIGURE 10 GLOBAL INDOOR FARMING TECHNOLOGY MARKET: EARLIER FORECAST VS. RECESSION FORECAST 52
3 EXECUTIVE SUMMARY 54
TABLE 2 INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT, 2023 VS. 2028 (VALUE) 55
FIGURE 11 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION) 56
FIGURE 12 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION) 56
FIGURE 13 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION) 57
FIGURE 14 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION) 57
FIGURE 15 INDOOR FARMING TECHNOLOGY MARKET, BY REGION 58
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE OPPORTUNITIES IN INDOOR FARMING TECHNOLOGY MARKET 59
FIGURE 16 GROWTH IN TREND OF YEAR-ROUND CROP PRODUCTION TO DRIVE MARKET 59
4.2 EUROPEAN INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE AND COUNTRY 60
FIGURE 17 FRUITS & VEGETABLES SEGMENT DOMINATED EUROPEAN MARKET IN 2022 60
4.3 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM AND REGION, 2023 VS. 2028 61
FIGURE 18 HYDROPONICS SEGMENT DOMINATED MARKET ACROSS ALL REGIONS BETWEEN 2023 AND 2028 61
4.4 INDOOR FARMING TECHNOLOGY MARKET, BY KEY COUNTRY 62
FIGURE 19 CHINA TO BE MOST LUCRATIVE MARKET FOR INDOOR FARMING TECHNOLOGY 62
5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MACROECONOMIC INDICATORS 63
5.2.1 RISE IN GLOBAL POPULATION AND FOOD REQUIREMENTS 63
FIGURE 20 GLOBAL POPULATION GROWTH TREND, 2011–2021 (BILLION) 63
5.2.2 DECLINE IN PER CAPITA ARABLE LAND 64
FIGURE 21 TOTAL AVAILABLE ARABLE LAND, 1950–2020 (HECTARES/PERSON) 64
5.3 MARKET DYNAMICS 65
FIGURE 22 INDOOR FARMING TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 65
5.3.1 DRIVERS 65
5.3.1.1 Rising demand for fresh foods with higher nutritive value 65
5.3.1.2 Need for higher yields using limited space and water 66
5.3.1.3 Lesser impact of external weather conditions 66
5.3.2 RESTRAINTS 67
5.3.2.1 High initial investments 67
5.3.2.2 Limitations on types of crops grown 67
5.3.2.3 Lack of government incentives and high prices of hydroponically grown produce dissuading market adoption 67
5.3.3 OPPORTUNITIES 68
5.3.3.1 Development of innovative and cost-effective technologies 68
5.3.3.2 Production of biopharmaceutical products 68
5.3.4 CHALLENGES 68
5.3.4.1 Lack of adequate funding 68
5.3.4.2 Shortage in availability of skilled workforce 69
5.3.4.3 Risk of equipment failure and delay in learning curve among growers 69
6 INDUSTRY TRENDS 70
6.1 INTRODUCTION 70
6.2 VALUE CHAIN ANALYSIS 70
FIGURE 23 INDOOR FARMING TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS 70
6.2.1 RAW MATERIAL SUPPLY 70
6.2.2 SYSTEM PROVIDERS 70
6.2.3 TECHNOLOGY PROVIDERS 71
6.2.4 CONSULTING AND MANAGEMENT SERVICE PROVIDERS 71
6.2.5 END USERS 71
6.3 SUPPLY CHAIN ANALYSIS 71
FIGURE 24 INDOOR FARMING TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS 72
6.4 TECHNOLOGY ANALYSIS 72
6.4.1 TECHNOLOGICAL ADVANCEMENTS 72
6.4.1.1 Mobile applications and data tracking for assessment of real-time information 73
6.5 PRICING ANALYSIS 73
FIGURE 25 INDOOR FARMING TECHNOLOGY MARKET PRICING ANALYSIS AMONG KEY PLAYERS, BY MAJOR HARDWARE COMPONENT, 2022 (USD/UNIT) 74
FIGURE 26 HYDROPONICS AVERAGE PRICING ANALYSIS, BY REGION, 2017–2021 (USD/SQUARE FOOT) 74
6.6 MARKET ECOSYSTEM 75
6.6.1 DEMAND SIDE 75
6.6.2 SUPPLY SIDE 75
FIGURE 27 ECOSYSTEM MAP 75
TABLE 3 INDOOR FARMING TECHNOLOGY MARKET ECOSYSTEM 76
6.7 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET 77
FIGURE 28 TRENDS/DISRUPTIONS IMPACTING BUYERS IN INDOOR FARMING TECHNOLOGY MARKET 77
6.8 PATENT ANALYSIS 78
FIGURE 29 LIST OF TOP PATENTS IN MARKET FOR LAST TEN YEARS 78
FIGURE 30 JURISDICTIONS WITH MOST PATENT APPROVALS FOR INDOOR FARMING TECHNOLOGY, 2012–2022 79
6.8.1 LIST OF MAJOR PATENTS 79
6.9 TRADE ANALYSIS OF INDOOR FARMING SYSTEMS 81
6.9.1 TRADING PRICES FOR INDOOR FARMING SYSTEMS 81
TABLE 4 TOP TEN IMPORTERS AND EXPORTERS OF POLYCARBONATES, 2022 (KT AND USD ?000) 82
TABLE 5 TOP TEN IMPORTERS AND EXPORTERS OF POLYETHYLENE, 2022 82
TABLE 6 TOP TEN IMPORTERS AND EXPORTERS OF POLYMETHYL-METHACRYLATE, 2022 (KT AND ?000) 83
TABLE 7 TOP TEN IMPORTERS AND EXPORTERS OF POLYVINYL CHLORIDE, 2022 (KT AND USD ?000) 83
6.10 KEY CONFERENCES AND EVENTS 84
TABLE 8 INDOOR FARMING TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2022–2023 84
6.11 TARIFF AND REGULATORY LANDSCAPE 85
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 12 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 13 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
6.12 PORTER’S FIVE FORCES ANALYSIS 86
6.12.1 INDOOR FARMING TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 86
6.12.2 THREAT OF NEW ENTRANTS 87
6.12.3 THREAT OF SUBSTITUTES 87
6.12.4 BARGAINING POWER OF SUPPLIERS 87
6.12.5 BARGAINING POWER OF BUYERS 87
6.12.6 DEGREE OF COMPETITION 88
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 88
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 88
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES 88
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR COMPONENT TYPES 88
6.13.2 BUYING CRITERIA 89
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR INDOOR FARMING TECHNOLOGY 89
TABLE 15 KEY BUYING CRITERIA FOR COMPONENT TYPES 89
6.14 CASE STUDY ANALYSIS 90
6.14.1 LUMIGROW’S CUSTOMERS USE GROW LIGHT SENSORS TO MANAGE LIGHT 90
6.14.2 SIGNIFY’S LED LIGHTING SOLUTION FOR GOODLEAF TO INCREASE PERENNIAL FOOD PRODUCTION 90
6.15 REGULATORY FRAMEWORK 91
6.15.1 INTRODUCTION 91
6.15.2 REGULATIONS, BY REGION 91
6.15.2.1 North America 91
6.15.2.2 Europe 91
6.15.2.3 Asia Pacific 92
6.15.2.3.1 India 92
6.15.2.3.2 China 92
6.15.2.3.3 Japan 92
6.15.3 COMMON STANDARDS AND CERTIFICATIONS 93
7 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT 94
7.1 INTRODUCTION 95
FIGURE 33 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION) 95
TABLE 16 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 95
TABLE 17 INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 95
7.1.1 RECESSION IMPACT ON COMPONENT SEGMENT 96
7.2 HARDWARE 96
7.2.1 USED TO CARRY OUT ENTIRE FUNCTIONING IN INDOOR FARMING 96
FIGURE 34 HARDWARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION) 96
TABLE 18 HARDWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 97
TABLE 19 HARDWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 97
7.2.2 CLIMATE CONTROL SYSTEMS 97
7.2.3 LIGHTING SYSTEMS 98
7.2.4 COMMUNICATION SYSTEMS 98
7.2.5 SENSORS 98
7.2.6 SYSTEM CONTROLS 98
7.2.7 IRRIGATION SYSTEMS 99
7.2.8 OTHERS 99
TABLE 20 HARDWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 21 HARDWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 99
8 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE 100
8.1 INTRODUCTION 101
FIGURE 35 FRUITS & VEGETABLES SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028 101
TABLE 22 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 101
TABLE 23 INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 102
8.1.1 RECESSION IMPACT ON CROP TYPE SEGMENT 102
8.2 FRUITS & VEGETABLES 102
8.2.1 ACCEPTANCE OF INDOOR FARMING TO GROW FRUITS & VEGETABLES ACROSS REGIONS 102
TABLE 24 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION) 103
TABLE 25 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION) 103
TABLE 26 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2018–2022 (USD MILLION) 103
TABLE 27 INDOOR FARMING TECHNOLOGY MARKET IN FRUIT & VEGETABLE CULTIVATION, BY REGION, 2023–2028 (USD MILLION) 104
8.2.2 LEAFY GREENS 104
8.2.2.1 Lettuce 104
8.2.2.2 Kale 104
8.2.2.3 Spinach 104
8.2.2.4 Others 104
TABLE 28 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION) 105
TABLE 29 INDOOR FARMING TECHNOLOGY MARKET IN LEAFY GREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION) 105
8.2.3 TOMATOES 105
8.2.4 STRAWBERRIES 105
8.2.5 EGGPLANTS 105
8.2.6 OTHER FRUITS & VEGETABLES 106
8.3 HERBS & MICROGREENS 106
8.3.1 YEAR-LONG HARVEST BENEFITS BOOST GROWTH OF INDOOR FARM-PRODUCED HERBS AND MICROGREENS 106
8.3.2 BASIL 106
8.3.3 HERBS 106
8.3.4 TARRAGON 106
8.3.5 WHEATGRASS 106
TABLE 30 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2018–2022 (USD MILLION) 107
TABLE 31 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY CROP, 2023–2028 (USD MILLION) 107
TABLE 32 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 33 INDOOR FARMING TECHNOLOGY MARKET IN HERBS & MICROGREENS CULTIVATION, BY REGION, 2023–2028 (USD MILLION) 108
8.4 FLOWERS & ORNAMENTALS 108
8.4.1 INDOOR FARMING ADOPTION FOR FLOWERS AND ORNAMENTALS WITNESSES GRADUAL GROWTH 108
8.4.2 PERENNIALS 108
8.4.3 ANNUALS 108
8.4.4 ORNAMENTALS 109
TABLE 34 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2018–2022 (USD MILLION) 109
TABLE 35 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY CROP TYPE, 2023–2028 (USD MILLION) 109
TABLE 36 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 37 INDOOR FARMING TECHNOLOGY MARKET IN FLOWER & ORNAMENTAL CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION) 110
8.5 OTHER CROP TYPES 110
8.5.1 GROWING AWARENESS AND APPLICATIONS ACROSS CROP TYPES TO PROPEL DEMAND IN COMING YEARS 110
TABLE 38 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 39 INDOOR FARMING TECHNOLOGY MARKET IN OTHER CROP CULTIVATION, BY REGION, 2023–2028 (USD MILLION) 111
9 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE 112
9.1 INTRODUCTION 113
FIGURE 36 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023 VS. 2028 (USD MILLION) 113
TABLE 40 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 113
TABLE 41 INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 114
9.1.1 RECESSION IMPACT ON FACILITY TYPE SEGMENT 114
9.2 GLASS OR POLY GREENHOUSES 114
9.2.1 WIDESPREAD AVAILABILITY AND ACCEPTANCE OF GLASS OR POLY GREENHOUSES 114
TABLE 42 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 43 GLASS OR POLY GREENHOUSES MARKET, BY REGION, 2023–2028 (USD MILLION) 115
9.3 INDOOR VERTICAL FARMS 115
9.3.1 DEPLETING ARABLE AND AGRICULTURAL LAND FOR PRODUCTION OF FRUITS & VEGETABLES TO BOOST DEMAND FOR INDOOR VERTICAL FARMS 115
TABLE 44 INDOOR VERTICAL FARMS MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 45 INDOOR VERTICAL FARMS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9.4 CONTAINER FARMS 116
9.4.1 NEWER WAYS OF CULTIVATING CROPS GAINING IMMENSE TRACTION 116
TABLE 46 CONTAINER FARMS MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 47 CONTAINER FARMS MARKET, BY REGION, 2023–2028 (USD MILLION) 117
9.5 INDOOR DEEP-WATER CULTURE SYSTEMS 117
9.5.1 DEMAND FOR HEALTHIER AND NUTRIENT-RICH LEAFY VEGETABLES TO DRIVE DEMAND FOR INDOOR DEEP-WATER CULTURE SYSTEMS 117
TABLE 48 INDOOR DWC SYSTEMS MARKET, BY REGION, 2018–2022 (USD MILLION) 118
TABLE 49 INDOOR DWC SYSTEMS MARKET, BY REGION, 2023–2028 (USD MILLION) 118
10 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM 119
10.1 INTRODUCTION 120
FIGURE 37 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023 VS. 2028 (USD MILLION) 120
TABLE 50 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 120
TABLE 51 INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 121
10.1.1 RECESSION IMPACT ON GROWING SYSTEMS SEGMENT 121
10.2 AEROPONICS 121
10.2.1 AEROPONICS ENABLE HIGHER PRODUCTION OR YIELD TO FACILITATE FASTER GROWTH OF PLANTS 121
TABLE 52 AEROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 53 AEROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION) 122
10.3 HYDROPONICS 122
10.3.1 USED FOR GROWING CROPS IN SOIL-LESS MEDIUM 122
TABLE 54 HYDROPONICS MARKET, BY REGION, 2018–2022 (USD MILLION) 123
TABLE 55 HYDROPONICS MARKET, BY REGION, 2023–2028 (USD MILLION) 123
10.4 AQUAPONICS 123
10.4.1 GROWING AWARENESS AND INNOVATION REGARDING NEWER INDOOR FARMING TECHNIQUES TO BOOST DEMAND FOR AQUAPONICS 123
TABLE 56 AQUAPONICS MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 57 AQUAPONICS MARKET, BY REGION, 2023–2028 (USD MILLION) 124
10.5 SOIL-BASED 124
10.5.1 GROWING PREVALENCE OF LACK OF FOOD SECURITY TO BOOST DEMAND FOR SOIL-BASED FARMING 124
TABLE 58 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION) 125
TABLE 59 SOIL-BASED INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION) 125
10.6 HYBRID 125
10.6.1 DEVELOPMENTS ACROSS ARRAY OF TECHNIQUES IN INDOOR FARMING MARKET TO HELP GAIN DEMAND FOR HYBRID FARMING 125
TABLE 60 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 61 HYBRID INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION) 126
11 INDOOR FARMING TECHNOLOGY MARKET, BY REGION 127
11.1 INTRODUCTION 128
FIGURE 38 ASIA PACIFIC COUNTRIES TO WITNESS SIGNIFICANT GROWTH IN INDOOR FARMING TECHNOLOGY MARKET (2023–2028) 128
TABLE 62 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 63 INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION) 129
11.2 NORTH AMERICA 129
TABLE 64 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 130
TABLE 65 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 130
TABLE 66 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 130
TABLE 67 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 131
TABLE 68 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 131
TABLE 69 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 131
TABLE 70 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 132
TABLE 71 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 132
TABLE 72 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 132
TABLE 73 NORTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 132
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 133
FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 133
FIGURE 40 NORTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS 134
11.2.2 US 135
11.2.2.1 Introduction of newer farming kits and techniques by system providers 135
TABLE 74 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 136
TABLE 75 US: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 136
11.2.3 CANADA 137
11.2.3.1 High awareness about modern farming techniques 137
TABLE 76 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 138
TABLE 77 CANADA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 138
11.2.4 MEXICO 138
11.2.4.1 Larger greenhouse area used for cultivation 138
TABLE 78 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 139
TABLE 79 MEXICO: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 139
11.3 EUROPE 139
FIGURE 41 EUROPE: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT 141
TABLE 80 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 141
TABLE 81 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 142
TABLE 82 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 142
TABLE 83 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 142
TABLE 84 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 143
TABLE 85 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 143
TABLE 86 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 143
TABLE 87 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 143
TABLE 88 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 144
TABLE 89 EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 144
11.3.1 RECESSION IMPACT ANALYSIS 144
FIGURE 42 EUROPE INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS 145
11.3.2 SPAIN 146
11.3.2.1 Increase in investments in sustainable farming practices and advanced setups to achieve higher volumes of produce 146
TABLE 90 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 146
TABLE 91 SPAIN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 147
11.3.3 NETHERLANDS 147
11.3.3.1 Increasing inclination toward efficient farming 147
TABLE 92 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 148
TABLE 93 NETHERLANDS: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 148
11.3.4 UK 148
11.3.4.1 Increase in awareness and steady adoption among local growers and cultivators to exhibit positive outlook 148
TABLE 94 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 149
TABLE 95 UK: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 150
11.3.5 SWEDEN 150
11.3.5.1 Gradual adoption of modern farming techniques 150
TABLE 96 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 151
TABLE 97 SWEDEN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 151
11.3.6 ITALY 151
11.3.6.1 Growth in organic croplands and rise in demand and supply of organic products to bolster demand for hydroponics indoor farming techniques 151
TABLE 98 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 152
TABLE 99 ITALY: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 153
11.3.7 REST OF EUROPE 153
11.3.7.1 Demand for controlled environment agriculture to create growth opportunities 153
TABLE 100 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 154
TABLE 101 REST OF EUROPE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 154
11.4 ASIA PACIFIC 155
FIGURE 43 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET SNAPSHOT 156
TABLE 102 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 156
TABLE 103 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 157
TABLE 104 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 157
TABLE 105 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 157
TABLE 106 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 158
TABLE 107 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 158
TABLE 108 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 158
TABLE 109 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 158
TABLE 110 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 159
TABLE 111 ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 159
11.4.1 RECESSION IMPACT ANALYSIS 159
FIGURE 44 ASIA PACIFIC INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS 160
11.4.2 CHINA 160
11.4.2.1 Increase in population and government intervention to drive initiatives for indoor farming techniques 160
TABLE 112 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 162
TABLE 113 CHINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 162
11.4.3 JAPAN 162
11.4.3.1 Growing initiatives from government and institutions to promote indoor farming 162
TABLE 114 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 163
TABLE 115 JAPAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 164
11.4.4 SINGAPORE 164
11.4.4.1 Farmers shifting toward such cultivation techniques 164
TABLE 116 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 165
TABLE 117 SINGAPORE: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 165
11.4.5 TAIWAN 165
11.4.5.1 Small agriculture field size led to increased adoption of indoor farming 165
TABLE 118 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 166
TABLE 119 TAIWAN: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 166
11.4.6 REST OF ASIA PACIFIC 166
11.4.6.1 Demand for minimum wastage of food to boost indoor farming techniques 166
TABLE 120 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 167
TABLE 121 REST OF ASIA PACIFIC: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 168
11.5 SOUTH AMERICA 168
TABLE 122 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 168
TABLE 123 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 169
TABLE 124 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 169
TABLE 125 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 169
TABLE 126 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 170
TABLE 127 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 170
TABLE 128 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 170
TABLE 129 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 170
TABLE 130 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 171
TABLE 131 SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 171
11.5.1 RECESSION IMPACT ANALYSIS 171
FIGURE 45 SOUTH AMERICA INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS 172
11.5.2 BRAZIL 172
11.5.2.1 High adoption rate of indoor farming to increase demand 172
TABLE 132 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 173
TABLE 133 BRAZIL: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 173
11.5.3 ARGENTINA 173
11.5.3.1 Increased adoption among growers to drive demand for indoor farming 173
TABLE 134 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 174
TABLE 135 ARGENTINA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 175
11.5.4 REST OF SOUTH AMERICA 175
TABLE 136 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 176
TABLE 137 REST OF SOUTH AMERICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 176
11.6 REST OF THE WORLD 176
TABLE 138 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 139 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION) 177
TABLE 140 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 177
TABLE 141 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 177
TABLE 142 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2018–2022 (USD MILLION) 178
TABLE 143 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY FACILITY TYPE, 2023–2028 (USD MILLION) 178
TABLE 144 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 178
TABLE 145 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 178
TABLE 146 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2018–2022 (USD MILLION) 179
TABLE 147 ROW: INDOOR FARMING TECHNOLOGY MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 179
11.6.1 RECESSION IMPACT ANALYSIS 179
FIGURE 46 REST OF THE WORLD INDOOR FARMING TECHNOLOGY MARKET: RECESSION IMPACT ANALYSIS 180
11.6.2 MIDDLE EAST 180
11.6.2.1 Lack of food security and increasing imports to drive demand for indoor farming in Middle East 180
TABLE 148 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 181
TABLE 149 MIDDLE EAST: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 181
11.6.3 AFRICA 182
11.6.3.1 Increased government initiatives to drive demand for indoor farming 182
TABLE 150 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2018–2022 (USD MILLION) 182
TABLE 151 AFRICA: INDOOR FARMING TECHNOLOGY MARKET, BY GROWING SYSTEM, 2023–2028 (USD MILLION) 182
12 COMPETITIVE LANDSCAPE 183
12.1 OVERVIEW 183
12.2 MARKET SHARE ANALYSIS - 2022 184
TABLE 152 INDOOR FARMING TECH



14 ADJACENT & RELATED MARKETS 257
14.1 INTRODUCTION 257
TABLE 211 ADJACENT MARKETS TO INDOOR FARMING TECHNOLOGY MARKET 257
14.2 LIMITATIONS 257
14.3 COMMERCIAL GREENHOUSE MARKET 258
14.3.1 MARKET DEFINITION 258
14.3.2 MARKET OVERVIEW 258
14.3.3 COMMERCIAL GREENHOUSE MARKET, BY TYPE 258
TABLE 212 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2017–2021 (USD MILLION) 258
TABLE 213 COMMERCIAL GREENHOUSE MARKET, BY TYPE, 2022–2027 (USD MILLION) 259
14.4 HYDROPONICS MARKET 259
14.4.1 MARKET DEFINITION 259
14.4.2 MARKET OVERVIEW 259
14.4.3 HYDROPONICS MARKET, BY TYPE 259
TABLE 214 HYDROPONICS MARKET, BY TYPE, 2019–2021 (USD MILLION) 260
TABLE 215 HYDROPONICS MARKET, BY TYPE, 2022–2027 (USD MILLION) 260
15 APPENDIX 261
15.1 DISCUSSION GUIDE 261
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 266
15.3 CUSTOMIZATION OPTIONS 268
15.4 RELATED REPORTS 268
15.5 AUTHOR DETAILS 269