#marketresearchsoftware

Market research tools state that the growth in organic farming practices and the gradual eradication of agrochemicals is anticipated to boost Indoor Farming market’s growth

Market research suggests that different types of crops and plant cultivation are supported by the process. According to the market database, these include fruits & vegetables, herbs, microgreens, flowers, ornamentals, and others. Market research tools suggest that a greater shift towards indoor farming has resulted in increased acceptance by the commercial as well as household levels. Innovation in this market is driven by the upgrades in hardware and software components that improve crop quality, safety, and variety. The drivers for this sector can be studied using market intelligence platforms like Global Market Database. The cloud based market research platform studies the shift in line with changing market trends.

Breakdown by Component:

According to the market database, the indoor farming technology market is heavily dependent on the components that are used to fine-tune the operations. Market research tools segment the vertical broadly as, hardware and software components. According to market intelligence platforms, the hardware component type has commanded a greater share in the market as these components are responsible for the core functioning of the system. According to the market database, climate control systems help to control the environment through chillers, heaters, air conditioners, humidifiers, air control fans, and others. The market penetration rate of these technologies can be studied using Global Market Database. The cloud based market research tools provide free market data across 600+ markets and 12 different industries.

Classification Based on Facility:

Based on market research it is seen that indoor farming operations are supported by varied facility layouts. Market database states that the different types of facilities include greenhouse, indoor vertical farms, container farms, indoor Deep-Water Culture (DWC) systems. According to market research tools, the greenhouse type facility has witnessed a greater share in the market. Greenhouse or hot-house facility is made up of transparent material and is used to cultivate a variety of crops.

Market research tools state that indoor vertical farming has also contributed significantly towards market growth. The facility is fully enclosed and contains opaque rooms that make use of artificial lights. According to the market database, these systems are modular and are adjusted to fit in any type of building. The inclusion of this technology has changed the overall market outlook for the agriculture module. The roots of the plants are suspended in a well-oxygenated solution that is filled in the reservoir. According to market research tools, such type of systems requires greater maintenance costs.

Growth Catalysts of Indoor

The U.K Perspective:

Market database suggests that the country was one of the early adopters of indoor farming technology and since then has maintained a robust demand in this market. The market outlook for this region is expected to stay positive. Market research tools state that this is due to greater acceptance of smart farming solutions and a shift towards a healthy lifestyle in the wake of COVID-19. According to the market database, a well-developed technological ecosystem has provided the market players with the necessary equipment. Market research tools state that the exit from the European Union (EU) by the U.K is expected to drive the farming output as the U.K has planned to reduce the dependency on imports. The change in the geopolitical scenario and its impact on the ongoing market trends can be studied using Global Market Database. The market research tool makes use of Dynamic Market Data as its core technology, i.e., the market information is updated every quarter.