Industry Analysis
North America indoor farming technology market was valued at USD 1.92 billion in 2021 and is expected to reach USD 6.21 billion by 2029, registering a CAGR of 15.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
A meticulous study of the competitive landscape of the market has been given in the North America Indoor Farming Technology Market survey document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on the leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. An influential Data bridge market research report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.
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Market Insights and Scope
From the name itself, it is clear that indoor farming technology is the application of tools and necessary measures to produce plants, crops and food in general in an indoor setting. Indoor farming enjoys a unique set of advantages as the produce is fresh, healthy, free of chemicals and high in nutrition. Indoor farming technology can easily be used for small scale and large-scale institutional settings.
Additionally, the credible North America Indoor Farming Technology Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for ICT industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Industry Segmentation and Size
Growing System
- Aeroponics
- Hydroponics
- Aquaponics
- Soil-Based
- Hybrid
Facility Type
- Glass or Poly Greenhouses
- Indoor Vertical Farms
- Container Farms
- Indoor Deep-Water Culture (DWC) Systems
Component
- Hardware
- Climate control systems
- Lighting systems
- Communication systems
- Sensors, system controls
- Irrigation systems
- Software and Services
- Web-Based
- Cloud-Based
Farm Size
- Large Farms
- Small Farms
Crop Type
- Fruits and Vegetables
- Tomato
- Lettuce
- Bell Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens
- Lettuce
- Kale
- Spinach
Market Country Level Analysis
The countries covered in the indoor farming technology market report are U.S., Canada and Mexico in North America.
U.S. in North America dominates the indoor farming technology market due to the fact that the country is the largest manufacturer and service provider of indoor farming technology. Increased focus on the research and development proficiencies will further widen the scope of growth for this country in North America.
Industry Share Analysis
Some of the major players operating in the indoor farming technology market are
- Sananbio (U.S.)
- Hawthorne Gardening Co. (U.S.)
- Freight Farms, Inc. (U.S.)
- OSRAM SYLVANIA Inc. (U.S.)
- SUNCORE TILES (Canada)
- Priva (Netherlands)
- Surna. (U.S.)
- ZipGrow. (Canada)
- LOGIQS B.V. (Netherlands)
- GE CURRENT (U.S.)
- Signify Holding. (Netherlands)
- Argus Control Systems Limited (Canada)
- LumiGrow. (U.S.)
- Certhon (Netherlands)
- iFarm (Finland)
- Braingrid Corporation. (Canada)
- Eden Green Technology. (U.S.)
- NETAFIM (Israel)
- Urban Crop Solutions (Belgium)
North America Indoor Farming Technology Market Report Answers the Following Questions:
How much revenue will the North America Indoor Farming Technology Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the North America Indoor Farming Technology Market?
Which regions are currently contributing the maximum share of the overall North America Indoor Farming Technology Market?
What indicators are likely to stimulate the North America Indoor Farming Technology Market?
What are the main strategies of the major players in the North America Indoor Farming Technology Market to expand their geographic presence?
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