Global indoor farming technology market

Global Indoor Farming Technology Market- A Global and Regional Analysis Table of Content

Focus on Key Technologies, Patents, Drivers, Opportunities, Challenges, and Applications December 2021

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Global Indoor Farming Technology Market

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Global Indoor Farming Technology Market

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Table of Content Executive Summary .......................................................................... 23 Scope of the Study ........................................................................... 30 1

Markets ..................................................................................... 33 1.1

Industry Outlook .............................................................................................. 34

1.1.1 Market Definition ......................................................................................... 34 1.1.2 Impact of COVID-19 on Global Indoor Farming Technology Market ....... 34 1.2

Business Dynamics ......................................................................................... 36

1.2.1 Business Drivers ......................................................................................... 36 1.2.1.1

Increasing Demand for Global Food Security Owing to Population Growth and Urbanization................................................................................................ 36

1.2.1.2

Growth in Adoption of Technology in Farming ................................................... 38

1.2.1.3

Land Degradation and Decrease in Arable Land ............................................... 39

1.2.1.4

Increased Government Support and Initiatives.................................................. 40

1.2.2 Business Challenges .................................................................................. 42 1.2.2.1

High Initial Investment and Operational Costs ................................................... 42

1.2.2.2

Suitable for Production of Selective Crops ........................................................ 42

1.2.2.3

Limited Awareness Among Farmers .................................................................. 43

1.2.3 Business Strategies .................................................................................... 44 1.2.3.1

Product Development ........................................................................................ 45

1.2.3.2

Market Developments ........................................................................................ 46

1.2.4.1

Mergers and Acquisitions .................................................................................. 47

1.2.4.2

Partnerships, Collaborations, and Joint Ventures .............................................. 48

1.2.4.3

Others ................................................................................................................ 49

1.2.5 Business Opportunities .............................................................................. 50 1.2.5.1

Pharmaceutical Plant Production Through Indoor Farming ............................... 50

1.2.5.2

Integration of Different Emerging Technology ................................................... 50

1.2.5.3

Scope of Expansion in Developing Countries .................................................... 51 3

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Global Indoor Farming Technology Market

1.2.4 Corporate Strategies ................................................................................... 47

2

Application ................................................................................ 53 2.1

Global Indoor Farming Technology Market (by Application) ....................... 54

2.1.1 Growing Methods ........................................................................................ 54

2.2

2.1.1.1

Hydroponics ....................................................................................................... 55

2.1.1.2

Aeroponics ......................................................................................................... 56

2.1.1.3

Aquaponics ........................................................................................................ 56

2.1.1.4

Soil-Based ......................................................................................................... 56

2.1.1.5

Hybrid ................................................................................................................ 57

Demand Analysis Global Indoor Farming Technology Market (by Growing Method) ............................................................................................. 57

2.2.1 Facility .......................................................................................................... 57

2.3

3

2.2.1.1

Greenhouses ..................................................................................................... 58

2.2.1.2

Indoor Vertical Farms ........................................................................................ 61

2.2.1.3

Container Farms ................................................................................................ 63

Demand Analysis of the Global Indoor Farming Technology Market (by Facility) ....................................................................................................... 65

Products .................................................................................... 66 3.1

Global Indoor Farming Technology Market (by Product) ............................. 67

3.1.1 Technology .................................................................................................. 67

3.2

Hardware System .............................................................................................. 68

3.1.1.1.1

Lighting System........................................................................................................ 68

3.1.1.1.2

Climate Control System ........................................................................................... 71

3.1.1.1.3

Sensors, Controllers, and Monitoring Systems........................................................ 72

3.1.1.1.4

Irrigation System ...................................................................................................... 74

3.1.1.2

Software and Services ....................................................................................... 75

3.1.1.3

Integrated System.............................................................................................. 77

Demand Analysis Global Indoor Farming Technology Market (by Technology) ..................................................................................................... 78

3.3

Indoor Farming Technology Utilized in Crop Production ............................ 79 3.3.1.1

Fruits and Vegetables ........................................................................................ 80 4

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Global Indoor Farming Technology Market

3.1.1.1

3.4

3.3.1.2

Herbs and Microgreens ..................................................................................... 81

3.3.1.3

Flowers and Ornamentals.................................................................................. 82

3.3.1.4

Medicinal Crops ................................................................................................. 82

3.3.1.5

Others ................................................................................................................ 82

Patent Analysis ................................................................................................ 83

3.4.1 Patent Analysis (by Technology) ............................................................... 84 3.4.2 Patent Analysis (by Growing Method) ....................................................... 84 3.4.3 Patent Analysis (by Patent Office) ............................................................. 85 3.5

4

Supply Chain Network ..................................................................................... 86

Region ....................................................................................... 88 4.1

North America .................................................................................................. 92

4.1.1 Market ........................................................................................................... 92 4.1.1.1

Key Manufacturers in North America ................................................................. 92

4.1.1.2

Business Drivers ................................................................................................ 93

4.1.1.3

Business Challenges ......................................................................................... 93

4.1.2 Application ................................................................................................... 93 4.1.2.1

North America Indoor Farming Technology Market (by Facility) ....................... 93

4.1.3 North America (by Country) ....................................................................... 94 4.1.3.1

U.S. .................................................................................................................... 94

4.1.3.1.1

Market ...................................................................................................................... 95

4.1.3.1.1.1 Buyer Attributes ................................................................................................ 95

4.1.3.1.1.3 Business Challenges ........................................................................................ 95 4.1.3.1.1.4 Business Drivers ............................................................................................... 95

4.1.3.2

Canada .............................................................................................................. 96

4.1.3.2.1

Market ...................................................................................................................... 96

4.1.3.2.1.1 Buyer Attributes ................................................................................................ 96 4.1.3.2.1.2 Key Manufacturers Operating in Canada ......................................................... 96 4.1.3.2.1.3 Business Challenges ........................................................................................ 97

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Global Indoor Farming Technology Market

4.1.3.1.1.2 Key Manufacturers Operating in the U.S. ......................................................... 95

4.1.3.2.1.4 Business Drivers ............................................................................................... 97

4.1.3.3

Mexico ............................................................................................................... 97

4.1.3.3.1

Market ...................................................................................................................... 98

4.1.3.3.1.1 Buyer Attributes ................................................................................................ 98 4.1.3.3.1.2 Key Manufacturers Operating in Mexico .......................................................... 98 4.1.3.3.1.3 Business Challenges ........................................................................................ 98 4.1.3.3.1.4 Business Drivers ............................................................................................... 99

4.2

Europe ............................................................................................................ 101

4.2.1 Market ......................................................................................................... 101 4.2.1.1

Key Manufacturers in Europe .......................................................................... 101

4.2.1.2

Business Drivers .............................................................................................. 101

4.2.1.3

Business Challenges ....................................................................................... 102

4.2.2 Application ................................................................................................. 102 4.2.2.1

Europe Indoor Farming Technology Market (by Facility) ................................. 102

4.2.3 Europe (by Country) .................................................................................. 102 4.2.3.1

France.............................................................................................................. 103

4.2.3.1.1

Market .................................................................................................................... 103

4.2.3.1.1.1 Buyer Attributes .............................................................................................. 103 4.2.3.1.1.2 Key Manufacturers Operating in France......................................................... 103 4.2.3.1.1.3 Business Challenges ...................................................................................... 103 4.2.3.1.1.4 Business Drivers ............................................................................................. 104

Italy .................................................................................................................. 104

4.2.3.2.1

Market .................................................................................................................... 104

4.2.3.2.1.1 Buyer Attributes .............................................................................................. 104 4.2.3.2.1.2 Key Manufacturers Operating in Italy ............................................................. 104 4.2.3.2.1.3 Business Challenges ...................................................................................... 105 4.2.3.2.1.4 Business Drivers ............................................................................................. 105

4.2.3.3

Spain................................................................................................................ 105

4.2.3.3.1

Market .................................................................................................................... 106

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Global Indoor Farming Technology Market

4.2.3.2

4.2.3.3.1.1 Buyer Attributes .............................................................................................. 106 4.2.3.3.1.2 Key Manufacturers Operating in Spain........................................................... 106 4.2.3.3.1.3 Business Challenges ...................................................................................... 106 4.2.3.3.1.4 Business Drivers ............................................................................................. 106

4.2.3.4

Netherlands ..................................................................................................... 106

4.2.3.4.1

Market .................................................................................................................... 107

4.2.3.4.1.1 Buyer Attributes .............................................................................................. 107 4.2.3.4.1.2 Key Manufacturers Operating in the Netherlands .......................................... 107 4.2.3.4.1.3 Business Challenges ...................................................................................... 107 4.2.3.4.1.4 Business Drivers ............................................................................................. 107

4.2.3.5

Russia .............................................................................................................. 108

4.2.3.5.1

Market .................................................................................................................... 108

4.2.3.5.1.1 Buyer Attributes .............................................................................................. 108 4.2.3.5.1.2 Key Manufacturers Operating in Russia ......................................................... 108 4.2.3.5.1.3 Business Challenges ...................................................................................... 108 4.2.3.5.1.4 Business Drivers ............................................................................................. 109

4.2.3.6

Rest-of-Europe ................................................................................................ 109

4.2.3.6.1

Market .................................................................................................................... 109

4.2.3.6.1.1 Buyer Attributes .............................................................................................. 109 4.2.3.6.1.2 Key Manufacturers Operating in Rest-of-Europe ........................................... 109 4.2.3.6.1.3 Business Challenges ...................................................................................... 110

4.3

U.K. ................................................................................................................. 112

4.3.1 Market ......................................................................................................... 112 4.3.1.1

Buyer Attributes ............................................................................................... 112

4.3.1.2

Key Manufacturers in the U.K. ......................................................................... 112

4.3.1.3

Business Challenges ....................................................................................... 113

4.3.1.4

Business Drivers .............................................................................................. 113

4.3.2 Application ................................................................................................. 113 7 All rights reserved at BIS Research Inc.

Global Indoor Farming Technology Market

4.2.3.6.1.4 Business Drivers ............................................................................................. 110

4.3.2.1

4.4

U.K. Indoor Farming Technology Market (by Facility) ..................................... 113

China ............................................................................................................... 115

4.4.1 Market ......................................................................................................... 115 4.4.1.1

Buyer Attributes ............................................................................................... 115

4.4.1.2

Key Manufacturers in China ............................................................................ 115

4.4.1.3

Business Challenges ....................................................................................... 116

4.4.1.4

Business Drivers .............................................................................................. 116

4.4.2 Application ................................................................................................. 116 4.4.2.1

4.5

China Indoor Farming Technology Market (by Facility) ................................... 116

Asia-Pacific .................................................................................................... 118

4.5.1 Market ......................................................................................................... 118 4.5.1.1

Key Manufacturers in Asia-Pacific ................................................................... 118

4.5.1.2

Business Drivers .............................................................................................. 119

4.5.1.3

Business Challenges ....................................................................................... 119

4.5.2 Application ................................................................................................. 119 4.5.2.1

Asia-Pacific Indoor Farming Technology Market (by Facility) .......................... 119

4.5.3 Asia-Pacific (by Country) .......................................................................... 120 4.5.3.1

Japan ............................................................................................................... 120

4.5.3.1.1

Market .................................................................................................................... 121

4.5.3.1.1.1 Buyer Attributes .............................................................................................. 121 4.5.3.1.1.2 Key Manufacturers Operating in Japan .......................................................... 121

4.5.3.1.1.4 Business Drivers ............................................................................................. 121

4.5.3.2

India ................................................................................................................. 121

4.5.3.2.1

Market .................................................................................................................... 122

4.5.3.2.1.1 Buyer Attributes .............................................................................................. 122 4.5.3.2.1.2 Key Manufacturers Operating in India ............................................................ 122 4.5.3.2.1.3 Business Challenges ...................................................................................... 122 4.5.3.2.1.4 Business Drivers ............................................................................................. 123

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Global Indoor Farming Technology Market

4.5.3.1.1.3 Business Challenges ...................................................................................... 121

4.5.3.3

Singapore ........................................................................................................ 123

4.5.3.3.1

Market .................................................................................................................... 123

4.5.3.3.1.1 Buyer Attributes .............................................................................................. 123 4.5.3.3.1.2 Key Manufacturers Operating in Singapore ................................................... 123 4.5.3.3.1.3 Business Challenges ...................................................................................... 123 4.5.3.3.1.4 Business Drivers ............................................................................................. 124

4.5.3.4

Australia and New Zealand .............................................................................. 124

4.5.3.4.1

Market .................................................................................................................... 124

4.5.3.4.1.1 Buyer Attributes .............................................................................................. 124 4.5.3.4.1.2 Key Manufacturers Operating in Australia and New Zealand ........................ 124 4.5.3.4.1.3 Business Challenges ...................................................................................... 125 4.5.3.4.1.4 Business Drivers ............................................................................................. 125

4.5.3.5

Rest-of-Asia-Pacific ......................................................................................... 125

4.5.3.5.1

Market .................................................................................................................... 125

4.5.3.5.1.1 Buyer Attributes .............................................................................................. 125 4.5.3.5.1.2 Key Manufacturers Operating in the Rest-of-Asia-Pacific .............................. 125 4.5.3.5.1.3 Business Challenges ...................................................................................... 126 4.5.3.5.1.4 Business Drivers ............................................................................................. 126

4.6

Rest-of-the-World .......................................................................................... 128

4.6.1.1

Key Manufacturers in Rest-of-the-World ......................................................... 128

4.6.1.2

Business Drivers .............................................................................................. 129

4.6.1.3

Business Challenges ....................................................................................... 129

4.6.2 Application ................................................................................................. 129 4.6.2.1

Rest-of-the-World Indoor Farming Technology Market (by Facility) ................ 129

4.6.3 Rest-of-the-World (by Country) ................................................................ 130 4.6.3.1

Brazil ................................................................................................................ 130

4.6.3.1.1

Market .................................................................................................................... 130

4.6.3.1.1.1 Buyer Attributes .............................................................................................. 130

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Global Indoor Farming Technology Market

4.6.1 Market ......................................................................................................... 128

4.6.3.1.1.2 Key Manufacturers Operating in Brazil ........................................................... 131 4.6.3.1.1.3 Business Challenges ...................................................................................... 131 4.6.3.1.1.4 Business Drivers ............................................................................................. 131

4.6.3.2

South Africa ..................................................................................................... 131

4.6.3.2.1

Market .................................................................................................................... 132

4.6.3.2.1.1 Buyer Attributes .............................................................................................. 132 4.6.3.2.1.2 Key Manufacturers Operating in South Africa ................................................ 132 4.6.3.2.1.3 Business Challenges ...................................................................................... 132 4.6.3.2.1.4 Business Drivers ............................................................................................. 132

4.6.3.3

U.A.E. .............................................................................................................. 133

4.6.3.3.1

Market .................................................................................................................... 133

4.6.3.3.1.1 Buyer Attributes .............................................................................................. 133 4.6.3.3.1.2 Key Manufacturers Operating in the U.A.E. ................................................... 133 4.6.3.3.1.3 Business Challenges ...................................................................................... 133 4.6.3.3.1.4 Business Drivers ............................................................................................. 134

4.6.3.4

Saudi Arabia .................................................................................................... 134

4.6.3.4.1

Market .................................................................................................................... 134

4.6.3.4.1.1 Buyer Attributes .............................................................................................. 134 4.6.3.4.1.2 Key Manufacturers Operating in Saudi Arabia ............................................... 134 4.6.3.4.1.3 Business Challenges ...................................................................................... 134 4.6.3.4.1.4 Business Drivers ............................................................................................. 135

Other Countries of Rest-of-the-World .............................................................. 135

4.6.3.5.1

Market .................................................................................................................... 135

4.6.3.5.1.1 Buyer Attributes .............................................................................................. 135 4.6.3.5.1.2 Key Manufacturers Operating in the Other Countries of the Rest-of-theWorld ..................................................................................................................... 135 4.6.3.5.1.3 Business Challenges ...................................................................................... 136 4.6.3.5.1.4 Business Drivers ............................................................................................. 136

5

Markets - Competitive Benchmarking & Company Profiles ....... 137 10

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Global Indoor Farming Technology Market

4.6.3.5

5.1

Competitive Benchmarking .......................................................................... 138

5.2

Companies Ranking in Global Indoor Farming Technology Market ......... 140

5.2.1 Ranking for the Equipment Manufacturers in Global Indoor Farming Technology ................................................................................................ 140 5.3

Company Profiles .......................................................................................... 143

5.3.1 AeroFarms ................................................................................................. 144 5.3.1.1

Company Overview ......................................................................................... 144

5.3.1.1.1

Role of AeroFarms in the Global Indoor Farming Technology Market .................. 144

5.3.1.1.2

Product Portfolio..................................................................................................... 145

5.3.1.1.3

Key Developments ................................................................................................. 145

5.3.1.2

Strengths and Weaknesses of AeroFarms ...................................................... 146

5.3.2 Artemis ....................................................................................................... 147 5.3.2.1

Company Overview ......................................................................................... 147

5.3.2.1.1

Role of Artemis in the Global Indoor Farming Technology Market ........................ 147

5.3.2.1.2

Product Portfolio..................................................................................................... 147

5.3.2.1.3

Key Developments ................................................................................................. 148

5.3.2.2

Strengths and Weaknesses of Artemis ............................................................ 148

5.3.3 American Hydroponics (AmHydro) .......................................................... 149 5.3.3.1

Company Overview ......................................................................................... 149

5.3.3.1.1

Role of American Hydroponics in the Global Indoor Farming Technology Market ................................................................................................................... 149

5.3.3.1.2

Strengths and Weaknesses of American Hydroponics .................................... 150

5.3.4 Argus Control System Limited ................................................................. 151 5.3.4.1

Company Overview ......................................................................................... 151

5.3.4.1.1

Role of Argus Control System Limited in the Global Indoor Farming Technology Market ................................................................................................ 151

5.3.4.1.2

Product Portfolio..................................................................................................... 152

5.3.4.1.3

Key Developments ................................................................................................. 152

5.3.4.2

Strengths and Weaknesses of Argus Control System Limited ........................ 152 11

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Global Indoor Farming Technology Market

5.3.3.2

Product Portfolio..................................................................................................... 150

5.3.5 Autogrow .................................................................................................... 153 5.3.5.1

Company Overview ......................................................................................... 153

5.3.5.1.1

Role of Autogrow in the Global Indoor Farming Technology Market ..................... 153

5.3.5.1.2

Product Portfolio..................................................................................................... 153

5.3.5.2

Strengths and Weaknesses of Autogrow......................................................... 154

5.3.6 CannaPro ................................................................................................... 155 5.3.6.1

Company Overview ......................................................................................... 155

5.3.6.1.1

Role of CannaPro in the Global Indoor Farming Technology Market .................... 155

5.3.6.1.2

Product Portfolio..................................................................................................... 155

5.3.6.1.3

Key Developments ................................................................................................. 156

5.3.6.2

Strengths and Weaknesses of CannaPro ........................................................ 156

5.3.7 Certhon....................................................................................................... 157 5.3.7.1

Company Overview ......................................................................................... 157

5.3.7.1.1

Role of Certhon in the Global Indoor Farming Technology Market ....................... 157

5.3.7.1.2

Product Portfolio..................................................................................................... 157

5.3.7.1.3

Key Developments ................................................................................................. 158

5.3.7.2

Strengths and Weaknesses of Certhon ........................................................... 159

5.3.8 Current Lighting Solutions, LLC .............................................................. 160 5.3.8.1

Company Overview ......................................................................................... 160

5.3.8.1.1

Role of Current Lighting Solutions, LLC in the Global Indoor Farming

5.3.8.1.2

Product Portfolio..................................................................................................... 161

5.3.8.1.3

Key Developments ................................................................................................. 161

5.3.8.2

Strengths and Weaknesses of Current Lighting Solutions, LLC ...................... 162

5.3.9 Everlight Electronics Co., Ltd .................................................................. 163 5.3.9.1

Company Overview ......................................................................................... 163

5.3.9.1.1

Role of Everlight Electronics Co., Ltd in the Global Indoor Farming Technology Market ................................................................................................ 163

5.3.9.1.2

Product Portfolio..................................................................................................... 164

5.3.9.1.3

Key Developments ................................................................................................. 164 12

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Global Indoor Farming Technology Market

Technology Market ................................................................................................ 160

5.3.9.2

Strengths and Weaknesses of Everlight Electronics Co., Ltd .......................... 164

5.3.9.3

R&D Analysis ................................................................................................... 165

5.3.10 Freight Farms, Inc. .................................................................................... 166 5.3.10.1 Company Overview ......................................................................................... 166 5.3.10.1.1 Role of Freight Farms, Inc. in the Global Indoor Farming Technology Market ...... 166 5.3.10.1.2 Product Portfolio..................................................................................................... 167 5.3.10.1.3 Key Developments ................................................................................................. 167

5.3.10.2 Strengths and Weaknesses of Freight Farms, Inc. .......................................... 168

5.3.11 GE Lighting ................................................................................................ 169 5.3.11.1 Company Overview ......................................................................................... 169 5.3.11.1.1 Role of GE Lighting in the Global Indoor Farming Technology Market ................. 169 5.3.11.1.2 Product Portfolio..................................................................................................... 169 5.3.11.1.3 Key Developments ................................................................................................. 170

5.3.11.2 Strengths and Weaknesses of GE Lighting ..................................................... 170

5.3.12 General Hydroponics Inc. ......................................................................... 171 5.3.12.1 Company Overview ......................................................................................... 171 5.3.12.1.1 Role of General Hydroponics Inc. in the Global Indoor Farming Technology Market ................................................................................................................... 171 5.3.12.1.2 Product Portfolio..................................................................................................... 171

5.3.12.2 Strengths and Weaknesses of General Hydroponics Inc. ............................... 172

5.3.13 Illumitex ...................................................................................................... 173

5.3.13.1.1 Role of Illumitex in the Global Indoor Farming Technology Market ....................... 173 5.3.13.1.2 Product Portfolio..................................................................................................... 173 5.3.13.1.3 Key Developments ................................................................................................. 174

5.3.13.2 Strengths and Weaknesses of Illumitex ........................................................... 174

5.3.14 Logiqs B.V. ................................................................................................. 175 5.3.14.1 Company Overview ......................................................................................... 175 5.3.14.1.1 Role of Logiqs B.V. in the Global Indoor Farming Technology Market.................. 175

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Global Indoor Farming Technology Market

5.3.13.1 Company Overview ......................................................................................... 173

5.3.14.1.2 Product Portfolio..................................................................................................... 176 5.3.14.1.3 Key Developments ................................................................................................. 176

5.3.14.2 Strengths and Weaknesses of Logiqs B.V. ..................................................... 176

5.3.15 Lumigrow ................................................................................................... 177 5.3.15.1 Company Overview ......................................................................................... 177 5.3.15.1.1 Role of Lumigrow in the Global Indoor Farming Technology Market .................... 177 5.3.15.1.2 Product Portfolio..................................................................................................... 178

5.3.15.2 Strengths and Weaknesses of Lumigrow ........................................................ 178

5.3.16 Lumileds..................................................................................................... 179 5.3.16.1 Company Overview ......................................................................................... 179 5.3.16.1.1 Role of Lumileds in the Global Indoor Farming Technology Market...................... 179 5.3.16.1.2 Product Portfolio..................................................................................................... 180 5.3.16.1.3 Key Developments ................................................................................................. 180

5.3.16.2 Strengths and Weaknesses of Lumileds ......................................................... 180

5.3.17 Netafim ....................................................................................................... 181 5.3.17.1 Company Overview ......................................................................................... 181 5.3.17.1.1 Role of Netafim in the Global Indoor Farming Technology Market........................ 181 5.3.17.1.2 Product Portfolio..................................................................................................... 182 5.3.17.1.3 Key Developments ................................................................................................. 182

5.3.17.2 Strengths and Weaknesses of Netafim ........................................................... 183

5.3.18 OSRM GmbH .............................................................................................. 184

5.3.18.1.1 Role of OSRM GmbH in the Global Indoor Farming Technology Market .............. 184 5.3.18.1.2 Product Portfolio..................................................................................................... 184

5.3.18.2 Strengths and Weaknesses of OSRM GmbH .................................................. 185 5.3.18.3 R&D Analysis ................................................................................................... 185

5.3.19 Priva Holdings B.V. ................................................................................... 186 5.3.19.1 Company Overview ......................................................................................... 186 5.3.19.1.1 Role of Priva Holdings B.V. in the Global Indoor Farming Technology Market ..... 186

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Global Indoor Farming Technology Market

5.3.18.1 Company Overview ......................................................................................... 184

5.3.19.1.2 Product Portfolio..................................................................................................... 187 5.3.19.1.3 Key Developments ................................................................................................. 187

5.3.19.2 Strengths and Weaknesses of Priva Holdings B.V. ......................................... 187

5.3.20 Richel Group .............................................................................................. 188 5.3.20.1 Company Overview ......................................................................................... 188 5.3.20.1.1 Role of Richel Group in the Global Indoor Farming Technology Market ............... 188 5.3.20.1.2 Product Portfolio..................................................................................................... 189

5.3.20.2 Strengths and Weaknesses of Richel Group ................................................... 189

5.3.21 Smart Cannabis Corp. ............................................................................... 190 5.3.21.1 Company Overview ......................................................................................... 190 5.3.21.1.1 Role of Smart Cannabis Corp. in the Global Indoor Farming Technology Market ................................................................................................................... 190 5.3.21.1.2 Product Portfolio..................................................................................................... 191

5.3.21.2 Strengths and Weaknesses of Smart Cannabis Corp. .................................... 191

5.3.22 Signify N.V. ................................................................................................ 192 5.3.22.1 Company Overview ......................................................................................... 192 5.3.22.1.1 Role of Signify N.V. in the Global Indoor Farming Technology Market ................. 192 5.3.22.1.2 Product Portfolio..................................................................................................... 193 5.3.22.1.3 Key Developments ................................................................................................. 193

5.3.22.2 Strengths and Weaknesses of Signify N.V. ..................................................... 193 5.3.22.3 R&D Analysis ................................................................................................... 194

5.3.23.1 Company Overview ......................................................................................... 195 5.3.23.1.1 Role of Tevatronic Ltd. in the Global Indoor Farming Technology Market ............ 195 5.3.23.1.2 Product Portfolio..................................................................................................... 195

5.3.23.2 Strengths and Weaknesses of Tevatronic Ltd. ................................................ 196

5.3.24 Vertical Farm System Pty Ltd. .................................................................. 197 5.3.24.1 Company Overview ......................................................................................... 197 5.3.24.1.1 Role of Vertical Farm System Pty Ltd. in the Global Indoor Farming Technology Market ................................................................................................ 197 15 All rights reserved at BIS Research Inc.

Global Indoor Farming Technology Market

5.3.23 Tevatronic Ltd. ........................................................................................... 195

5.3.24.1.2 Product Portfolio..................................................................................................... 197

5.3.24.2 Strengths and Weaknesses of Vertical Farm System Pty Ltd. ........................ 198

6

Research Methodology ............................................................ 199 6.1

Data Sources .................................................................................................. 199

6.1.1 Primary Data Sources ............................................................................... 199 6.1.2 Secondary Data Sources .......................................................................... 199 6.1.3 Data Triangulation ..................................................................................... 201 Market Estimation and Forecast ................................................................... 202

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Global Indoor Farming Technology Market

6.2

List of Figures Figure 1:

Global Indoor Farming Technology Market, $Million, 2020-2026

Figure 2:

Market Drivers and Challenges in Global Indoor Farming Technology Market

Figure 3:

Global Indoor Farming Technology Market (by Technology), $Million, 2020-2026

Figure 4:

Global Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Figure 5:

Global Indoor Farming Technology Market (by Growing Method), $Million, 2020-2026

Figure 6:

Global Indoor Farming Technology Market (by Region), $Million, 2020

Figure 7:

Global Indoor Farming Technology Market Coverage

Figure 8:

Number of Undernourished People in the World till 2020, Million

Figure 9:

Arable Land Use Per Person till 2018, Hectare

Figure 10:

Share of Key Market Strategies and Developments, January 2018–November 2021

Figure 11:

Product Development (by Company), January 2018–November 2021

Figure 12:

Partnerships, Collaborations, and Joint Ventures (by Company), January 2018–November 2021

Figure 13:

Global Indoor Farming Technology Market (by Application)

Figure 14:

Global Indoor Farming Technology Market (by Growing Method)

Figure 15:

Global Indoor Farming Technology Market (by Facility)

Figure 16:

Global Indoor Farming Technology Market (by Technology)

Figure 17:

Global Indoor Farming Technology Market (by Hardware System)

Figure 18:

Types of Lighting System

Figure 19:

Produces Grown Under Indoor Farming

Figure 20:

Patents Filed or Granted for the Global Indoor Farming Technology Market, January 2018-

Figure 21:

Patent Analysis (by Technology), January 2018-November 2021

Figure 22:

Patent Analysis (by Growing Method), January 2018-November 2021

Figure 23:

Patent Analysis (by Patent Office), November 2018-November 2021

Figure 24:

Supply Chain Analysis of Global Indoor Farming Technology Market

Figure 25:

Competitive Market High and Low Matrix

Figure 26:

Segmentation of Key Companies Profiled by Headquarter Location

Figure 27:

Everlight Electronics Co., Ltd: R&D Analysis, $Million, 2018-2020

Figure 28:

OSRM GmbH: R&D Analysis, $Million, 2018-2020

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Global Indoor Farming Technology Market

November 2021

Signify N.V.: R&D Analysis, $Million, 2018-2020

Figure 30:

Global Indoor Farming Technology Market: Research Methodology

Figure 31:

Data Triangulation

Figure 32:

Top-Down and Bottom-Up Approach

18 All rights reserved at BIS Research Inc.

Global Indoor Farming Technology Market

Figure 29:

List of Tables Table 1:

Business Expansions (by Company), January 2018–November 2021

Table 2:

Merger and Acquisition (by Company), January 2018–November 2021

Table 3:

Global Indoor Farming Technology (by Growing Method), $Million, 2020-2026

Table 4:

Total Number of Large Greenhouses Producing Vegetables Around the World

Table 5:

Greenhouse Facility Offered by Leading Players in the Market

Table 6:

Key Developments Pertaining to the Technologies for Greenhouse Indoor Farming

Table 7:

Indoor Vertical Farm Facility Offered by Leading Players in the Market

Table 8:

Key Developments Pertaining to the Technologies for Indoor Vertical Farms

Table 9:

Container Farm Facility Offered by Leading Players in the Market

Table 10:

Key Developments Pertaining to the Technologies for Indoor Vertical Farms

Table 11:

Global Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 12:

Grow Lights Offered by Leading Players in the Market

Table 13:

Key Developments Pertaining to the Technologies for Grow Lights Market

Table 14:

Climate Control System Offered by Leading Players in the Market

Table 15:

Sensors, Controllers, and Monitoring Systems Offered by Leading Players in the Market

Table 16:

Key Developments Pertaining to the Technologies for Sensors, Controllers, and Monitoring

Table 17:

Irrigation System Offered by Leading Players in the Market

Table 18:

Key Developments Pertaining to the Irrigation System in the Market

Table 19:

Software and Services Offered by Leading Players in the Market

Table 20:

Integrated System Offered by Leading Players in the Market

Table 21:

Global Smart Agriculture Market (Technology), $Million, 2020-2026

Table 22:

Global Indoor Farming Technology Market (by Hardware System), $Million, 2020-2026

Table 23:

Average Annual Revenue Generated for Various Produce Types

Table 24:

Global Indoor Farming Technology Market (by Region), $Million, 2020-2026

Table 25:

North America Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 26:

North America Indoor Farming Technology Market (by Country), $Million, 2020-2026

Table 27:

Europe Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 28:

Europe Indoor Farming Technology Market (by Country), $Million, 2020-2026

Table 29:

U.K. Indoor Farming Technology Market (by Facility), $Million, 2020-2026 19

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Global Indoor Farming Technology Market

Systems Market

China Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 31:

Asia-Pacific Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 32:

Asia-Pacific Indoor Farming Technology Market (by Country), $Million, 2020-2026

Table 33:

Rest-of-the-World Indoor Farming Technology Market (by Facility), $Million, 2020-2026

Table 34:

Rest-of-the-World Indoor Farming Technology Market (by Country), $Million, 2020-2026

Table 35:

Ranking for the Equipment Manufacturers in Indoor Farming Technology Market, 2020

Table 36:

Ranking for the Software Providers in Indoor Farming Technology Market, 2020

Table 37:

Ranking for LED Lighting Solution Providers in Indoor Farming Technology Market, 2020

Table 38:

AeroFarms: Product Portfolio

Table 39:

AeroFarms: Key Developments

Table 40:

Artemis: Product Portfolio

Table 41:

Artemis: Key Developments

Table 42:

American Hydroponics: Product Portfolio

Table 43:

Argus Control System Limited: Product Portfolio

Table 44:

Argus Control System Limited: Key Developments

Table 45:

Autogrow: Product Portfolio

Table 46:

CannaPro: Product Portfolio

Table 47:

CannaPro: Key Developments

Table 48:

Certhon: Product Portfolio

Table 49:

Certhon: Key Developments

Table 50:

Current Lighting Solutions, LLC: Product Portfolio

Table 51:

Current Lighting Solutions, LLC: Key Developments

Table 52:

Everlight Electronics Co., Ltd: Product Portfolio

Table 53:

Everlight Electronics Co., Ltd: Key Developments

Table 54:

Freight Farms, Inc.: Product Portfolio

Table 55:

Freight Farms, Inc.: Key Developments

Table 56:

GE Lighting: Product Portfolio

Table 57:

GE Lighting: Key Developments

Table 58:

General Hydroponics Inc.: Product Portfolio

Table 59:

Illumitex: Product Portfolio

Table 60:

Illumitex: Key Developments

Table 61:

Logiqs B.V.: Product Portfolio 20

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Global Indoor Farming Technology Market

Table 30:

Logiqs B.V.: Key Developments

Table 63:

Lumigrow: Product Portfolio

Table 64:

Lumileds: Product Portfolio

Table 65:

Lumileds: Key Developments

Table 66:

Netafim: Product Portfolio

Table 67:

Netafim: Key Developments

Table 68:

OSRM GmbH: Product Portfolio

Table 69:

Priva Holdings B.V.: Product Portfolio

Table 70:

Priva Holdings B.V.: Key Developments

Table 71:

Richel Group: Product Portfolio

Table 72:

Smart Cannabis Corp.: Product Portfolio

Table 73:

Signify N.V.: Product Portfolio

Table 74:

Signify N.V.: Key Developments

Table 75:

Tevatronic Ltd.: Product Portfolio

Table 76:

Vertical Farm System Pty Ltd.: Product Portfolio

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Global Indoor Farming Technology Market

Table 62:

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