North America Indoor Farming Technology report can be used well by both established and new players in the Semiconductors and Electronics industry for absolute understanding of the market. With the comprehensive analysis of the market, it puts forth overview of the market regarding type and applications, featuring the key business resources and key players. The report identifies the most recent improvements, market share, and systems applied by the significant market. The high quality North America Indoor Farming Technology market report offers a great understanding of the current market situation with the historic and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market.
An excellent North America Indoor Farming Technology Market research report provides detailed market analysis with inputs from industry experts. The market type, size of the organization, availability on-premises and the end-users organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East Africa are taken into account while generating this global market report. The research studies accomplished in this business report assists to estimate several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share. Global market research analysis via North America Indoor Farming Technology marketing report brings a vast market place clearly into the focus.
The 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.
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Market Overview
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.
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)
Indoor Farming Technology Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Global awareness regarding multiple factors
The global efforts to minimize the carbon impact are influencing people to adopt greener and safer crop cultivation and food production methods. That said, here is a sharp rise in the awareness among people especially in the developing economies pertaining to the techniques and technologies that can be used for indoor farming purposes. Higher yield results of indoor farming as compared to conventional farming methods is yet again bolstering the growth of the market.
- Increased support by the government
Rising number of government initiatives and supportive policies by the central and state government in regards to promoting the growth of the market especially in APAC region will widen the scope of growth to a great extent. Increasing the number of collaborations between the public and private players to develop and manufacture new, innovative and cost effective technologies is driving the market's growth.
Furthermore, the factors such as rising urbanization, globalization and growing demand and consumption of organic food globally have further contributed to the overall market expansion during the forecast period. Additionally, growing adoption of high-yielding farming techniques such as urban farming and precision farming and rising personal disposable income are anticipated to drive the market's growth rate.
Opportunities
- Benefits of indoor farming
Adopting indoor farming practices can conserve water and save space. Indoor farming creates optimum environment for the crops to grow and reduces water wastage owing to the use of techniques such as drip irrigation. Indoor farms recirculate and reuse the water; therefore, the method consumes 95% less water used in outdoor farming to grow the same crop.
- Increasing internet adoption
Growing access to high speed internet and improving internet infrastructure in the developing economies will yet again propel the market growth rate. Penetration of 4G and 5G internet services will widen the scope of growth and expansion globally. Everything today is available on the internet. Netizens can learn about various techniques and educate themselves for the greater good.
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Highlights of TOC :
Chapter 1: North America Indoor Farming Technology Market Overview
Chapter 2: Study Assumptions
Chapter 3: Scope of the Study
Chapter 4: North America Indoor Farming Technology Market Economic Impact
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-indoor-farming-technology-market
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