Indoor Farming Equipment Market by Growing System, Facility Type, Component, Crop Type : Global Opportunity Analysis and Industry Forecast, 2020-2027

Indoor farming is a practice of growing crops on a large or small scale, entirely indoors. This practice is getting popular on both commercial and household level. In such farming, methods like hydroponics and aquaponics are also being utilized where artificial lighting is used for satisfying the plants need for light levels. This indoor practice also requires special equipment for doing the farming in the efficient manner. Hence, the market of Indoor farming equipment is experiencing significant growth and is expected to grow accordingly in the coming period of time.


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COVID-19 Scenario Analysis:


The closure of factories due to COVID-19 led to the decline in the manufacturing of the indoor farming equipment in the industries. This not only affected the scale of production but also the growth of these industries. The online platforms, shops and retail stores were shut due to lockdown observed worldwide. This also affected the trade of these products which in turn hampered the sales of indoor farming equipment in various countries around the world. The sale of the food additives is expected to grow after worldwide release of the lockdown situation due to COVID-19. Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis Rise in awareness among consumers regarding the benefits of consuming good quality and fresh food is expected to increase the indoor farming practices and accordingly will drive the growth of the market. Also, the increase in population across the world, especially in the developing economies such as India, China, and others, has increased the demand for food in the required quantity which in turn is helpful to boost the market growth.

Furthermore, increase in concern regarding health issues from adultered food, rise in the disposable income of the people, and surge in concern for healthy lifestyle are some of the other prominent reasons which contribute toward the growth of the market.


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The global indoor farming equipment trends are as follows:


Growing demand for flowers


People are getting engaged in indoor farming related to the flowers and ornamentals due to increase in the demand for the same. These are being used for decorations and aesthetic purposes. Therefore, the increase in demand for flowers contributes toward the increase in demand for indoor farming equipment in the global market.


Potential Market


Europe is expected to dominate the indoor farming equipment market owing to the readily adoption of the newer technologies and purchase of more equipment by the people in the region. The government of the region is also supporting the indoor farming practices owing to the rise in population and changes in climatic conditions.


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Key Benefits of the Report:


This study presents the analytical depiction of the global indoor farming equipment industry along with the current trends and future estimations to determine the imminent investment pockets. The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global indoor farming equipment market share. The current market is quantitatively analyzed from 2020 to 2027 to highlight the global indoor farming equipment market growth scenario. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. The report provides a detailed global indoor farming equipment market analysis based on competitive intensity and how the competition will take shape in the coming years.

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