NEW YORK, Oct. 8, 2021 /PRNewswire/ -- The indoor farming technologies market is expected to observe an incremental growth of USD 624.28 million, accelerating at a CAGR of almost 9% between 2021 and 2025. The reduction in pollution and deforestation and increase in the offering of certified products are some of the major factors propelling the market growth. However, factors such as lack of skilled labor for indoor farming, using artificial light instead of natural light, and various limitations associated with indoor farming technologies will hamper the market growth.
Uncover market highlights to make the most of future growth opportunities.
By, application, the market observed maximum growth in the greenhouse farming segment in 2020. The segment is expected to offer significant growth opportunities for market players during the forecast period.
By geography, Europe is going to have lucrative growth during the forecast period. About 33% of the market's overall growth is expected to originate from Europe. The Netherlands is the key market for indoor farming in Europe.
Prioritize your Marketing Spend and Maximize ROI at the earliest.
Related Reports: Global Hydroponics Technologies Market - Global hydroponics technologies market is segmented by technology (environment and climate control systems, grow lights, farm management systems, and material handling systems) and geography (Europe, APAC, North America, South America, and MEA). Download Exclusive Free Sample Report
Global Sensing Devices Market for Farms - Global sensing devices market for farms is segmented by product (soil management sensing devices, water management sensing devices, and climate management sensing devices) and geography (North America, Europe, APAC, South America, and MEA). Download Exclusive Free Sample Report
Indoor Farming Technologies Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 9%
Market growth 2021-2025
$ 624.28 million
YoY growth (%)
Europe, APAC, North America, South America, and MEA
Performing market contribution
Europe at 33%
Key consumer countries
US, The Netherlands, Japan, China, and Canada
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.