Global Indoor Farming Technologies Market 2018-2022
About Indoor Farming Technologies
Indoor farming technologies refer to various technologies that are used for growing crops and plants indoors and include material handling systems, LED lighting systems, and climate control systems.
Technavio’s analysts forecast the global indoor farming technologies market to grow at a CAGR of 20.08% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global indoor farming technologies market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Indoor Farming Technologies Market 2018-2022
Technavio recognizes the following companies as the key players in the global indoor farming technologies market: Certhon, Dalsem, Harnois Greenhouses, Richel Group, Urban Crop Solutions, and Vertical Farm Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing opportunities to become self-sufficient. With the growing need for food and limited land, the adoption of indoor farming technologies may help the consumers from urban areas to become self-sufficient. The introduction of vertical hydroponic farming technologies in urban as well as remote areas will help the economies to reduce the reliance on other countries for their rapidly increasing crop and food requirements.”
According to the report, one driver in the market is rising need to improve yield of crops and reduce crop wastage. Indoor greenhouse farms can produce more crops in a smaller area using different technologies such as vertical farming, LED farming, and greenhouse farming, unlike outdoor or soil-based farms.
Further, the report states that one challenge in the market is lighting challenges compared with natural lighting. One of the major challenges faced by farmers in indoor farming is the lighting issue. When compared with natural lighting of conventional farming, indoor farming technologies use LED lighting that does not deliver efficiently the necessary artificial light to keep the surrounding green.