The indoor farming technology market has been experiencing significant growth, driven by various factors such as the increasing demand for fresh and locally produced food, the need for efficient and sustainable farming practices, and advancements in technology. Please note that developments in this market may have occurred since my last update. According to MarketsandMarkets, the global indoor farming technology industry size is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value.
Indoor farm, also known as vertical farm or controlled environment agriculture, involves cultivating crops in indoor environments where environmental factors like light, temperature, humidity, and nutrients can be precisely controlled. Here are some key aspects of the indoor farming technology market:
Vertical Farming Systems: Vertical farming involves stacking crops in vertical layers, often in controlled environments with artificial lighting. This method allows for higher crop yields in smaller spaces compared to traditional farming.
Hydroponics and Aeroponics: Indoor farming often utilizes soilless cultivation methods such as hydroponics (growing plants in nutrient-rich water) and aeroponics (growing plants in an air/mist environment without soil or hydroponic medium). These methods optimize resource usage and provide better control over nutrient delivery.
LED Grow Lights: Advances in LED technology have played a crucial role in indoor farming. LED grow lights are energy-efficient and can be customized to provide specific light spectra tailored to different stages of plant growth.
Climate Control Systems: Maintaining optimal environmental conditions is essential for indoor farming. Climate control systems, including temperature and humidity control, help create ideal growing conditions for crops.
Automation and Robotics: Indoor farms often incorporate automation and robotics to streamline various processes such as planting, harvesting, and packaging. This not only increases efficiency but also reduces the need for human labor.
Data Analytics and IoT: Integration of data analytics and the Internet of Things (IoT) allows farmers to monitor and control various parameters remotely. This data-driven approach helps in making informed decisions for optimizing crop growth and resource utilization.
Urban Farming and Container Farming: Indoor farming is gaining popularity in urban areas, where space is limited. Container farming involves converting shipping containers into controlled environment farms, providing a scalable solution for urban agriculture.
To know more get PDF Copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40175861
Asia Pacific to boost market growth during the forecast period.
The demand for indoor farming technology has increased as a result of increased investments made in agricultural operations by foreign company lines in order to exclusively meet crop farmers' expectations for export-quality products, and the Asia Pacific area is predicted to develop at the highest rate. Additionally, the farming industry in the Asia Pacific area has been shifting away from conventional agricultural methods and toward technological advancements and creative approaches. By making these changes, crop management strategies are improved, raising the value of crop premiums. In terms of value, the indoor farming technology market in the Asia Pacific area had around 30.7% of the global market in 2020.
Significant businesses showcased:
Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), Argus Control Systems Limited (Canada), Lumigrow, Inc (Canada), weisstechnik (US), Priva (Netherlands), LOGIQS.B.V. (Netherlands), Certhon (Netherlands), Bluelab (New Zealand), Barton Breeze (India), Green Sense Farms Holdings, Inc. (US), Greener Crop Inc. (Dubai), Sensaphone (US), Freight Farms, Inc (US), Climate Control Systems Inc (US), Sky Greens (Singapore), SANANBIO (China).
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=40175861
