The growth of the global indoor agriculture technology market is expected to be driven by the increasing demand for food, fresh and organic produce, and the requirement of an alternative cultivation method for sustainable agriculture.
New York, December 23, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Indoor Farming Technology Market – A Global and Regional Analysis: Focus on Key Technologies, Patents, Drivers, Opportunities, Challenges, and Applications” – https://www.reportlinker.com/p06192819/?utm_source=GNW
Impact of COVID-19 on indoor farming technology
The supply chain of most industries around the world has been affected due to the COVID-19 pandemic, including the indoor agriculture industry. products on the market in the first stage of COVID-19.
However, vaccines are available in almost all countries, and a containment restriction has been suggested. Distribution channels are becoming normalized; therefore, the indoor agriculture companies are able to market their products, also making a profit, and the market is growing.
Global Indoor Agriculture Technology Market By Technology
The indoor agriculture technology market by technology category is dominated by the hardware systems segment. These material systems are known as the complete substitute for the natural conditions of traditional agriculture.
Hardware systems play a key role in manually regulating these factors. Therefore, sensors, controllers, air conditioning devices, lighting systems, irrigation systems and other devices play a major role in this case.
Global Indoor Agriculture Technology Market By Facility
The global indoor agriculture technology market by facility category is dominated by the greenhouse segment. Greenhouses are inflated structures covered with a transparent material for growing in a controlled environment.
Along with the practice of Controlled Environment Agriculture (CEA), greenhouses use climate control systems, such as fans, fans, and coolers.
Global Indoor Agriculture Technology Market By Growth Method
The global indoor agriculture technology market by cultivation method category is dominated by hydroponics segment. Hydroponics is an ancient method of growing plants without soil.
Instead, a solution of water or nutrients is used. In hydroponics, only the roots of the crops are exposed to a nutrient or aqueous solution for optimal growth, while the grower must regulate the composition of the nutrients and the frequency with which the solution is supplied to the crops.
Global Indoor Agriculture Technology Market By Region
North America generated the highest revenue of $ 1,877.1 million in 2020, which is attributed to technological advancements in this region. It is also one of the largest agricultural poles in the world. The region is expected to experience strong growth of 15.80% CAGR during the forecast period.
Key Market Players and Competition Summary
Some of the major players operating in the market include Aerofarms, Agrilyst, American Hydroponics, Argus Control System Ltd., Autogrow Systems Ltd., Freight Farms, GE Lighting, General Hydroponics Inc., Illumitex, Signify NV, Smart Cannabis Corp., among others .
The companies presented in the report were selected on the basis of a selective pool of players, mainly level 1 players (which holds 50-60% of the market) and mid-segment players (comprising 30-40% of the shares), and small emerging companies (hold the remaining 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research and development initiatives, as well as a national and international presence in the indoor agriculture technology industry.
• North America
• The rest of Europe
• Asia Pacific
• Australia and New Zealand
• Rest of Asia-Pacific
• Rest of the world
• South Africa
• United Arab Emirates
• Saudi Arabia
Read the full report: https://www.reportlinker.com/p06192819/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001