- What are the key market drivers and challenges in the energy efficient indoor farm industry?
- Which regions are likely to see the most growth in the indoor farming sector over the next decade?
- How does the market for energy efficient greenhouse technologies compare with that for vertical farms?
- How can regulators encourage adoption of sustainable, energy efficient practices for indoor farms?
- How can controlled environment agriculture technology providers better work with farms to increase energy efficiency?
Energy Efficiency for Indoor Farming
Controlled Environment Agriculture (CEA) Technology Market for Efficient Indoor Farming: Analysis and Forecast, 2023-2032
The world population is projected to pass 9.7 billion by 2050, and the Food and Agriculture Organization of the United Nations expects food demand to increase by 50% from 2012 levels. However, the amount of land available for agricultural production is decreasing, and natural disasters along with other impacts of climate change are expected to decrease crop yields by 12% by 2050. At the same time, governments, investors, and corporations are increasingly demanding more sustainable production. These long-term drivers for indoor agriculture clash with major barriers such as high energy and labor costs.
These key market forces set the stage for the importance of efficient controlled environment agriculture (CEA) technologies, which include heating, ventilation, air conditioning, and dehumidification (HVACD); supplemental lighting; water distribution; and sensors and controls for automation. If indoor farms can successfully utilize these technologies, they can reduce energy costs and play a key role in the future of sustainable agriculture.
This Guidehouse Insights report examines market trends, drivers, and barriers for CEA technologies and includes forecasts across four technology segments (HVACD, lighting, water distribution, and controls and sensors) for both smart greenhouses and vertical farms. Forecast figures include regional segmentation of the world market.
- Controlled environment agriculture technology providers
- Indoor farm operators
- Food and grocery retailers
- Government agencies
- Investor community
1. Executive Summary
1.1 Introduction
1.1.1 Market Drivers
1.1.2 Market Barriers
1.2 Global Market Outlook
2. Market Issues
2.1 Market Scope
2.2 Drivers
2.2.1 Population Growth and Lack of Arable Land
2.2.2 Government Support, Policies, Standards, and Incentives
2.2.3 Indoor Farming Benefits
2.2.3.1 Controlled Climate Conditions
2.2.3.2 Sustainability, Efficiency, and ESG Goals
2.2.4 Expansion of Legal Markets for Cannabis
2.2.5 Advances in CEA Technologies
2.2.5.1 HVACD
2.2.5.2 Lighting
2.2.5.3 Water Distribution
2.2.5.4 Automation Controls and Sensors
2.2.5.5 Growing Methods
2.3 Barriers
2.3.1 High Energy and Technology Costs
2.3.2 Farmers’ Lack of Understanding around CEA Technologies
2.3.3 Insufficient Rural Workforce and Infrastructure
3. Industry Value Chain
3.1 Efficient Indoor Farming
3.2 Competitive Landscape
3.2.1 Merger and Acquisition Activity
3.2.2 Investment and Partnership
3.2.3 Business Model Evolution
4. Market Forecasts
4.1 Forecast Methodology
4.2 Forecast Scope
4.3 Global Market Overview
4.4 Regional Forecasts
4.4.1 North America
4.4.2 Europe
4.4.3 Asia Pacific
4.4.4 Latin America
4.4.5 Middle East & Africa
5. Conclusions and Recommendations
5.1 Three Key Takeaways
5.2 Recommendations
5.2.1 CEA Technology Providers
5.2.2 Government Officials and Policymakers
5.2.3 Indoor Farmers
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study
10. Sources, Methodology & Notes
- Efficient Indoor Farm Equipment Revenue by Region, World Markets: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Farm Type, World Markets: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, North America: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Europe: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Asia Pacific: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Latin America: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Middle East & Africa: 2023-2032"
- Air and Water Flow through Desert Aire’s GreenAire System
- Ceres’ Ground to Air Heat Transfer System
- High Level Overview of Efficient Indoor Farming Industry Value Chain
- Efficient Indoor Farm Equipment Revenue by Region, World Markets: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Farm Type, World Markets: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, North America: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Europe: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Asia Pacific: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Latin America: 2023-2032
- Efficient Indoor Farm Equipment Revenue by Technology Type, Middle East & Africa: 2023-2032
- Vertical Farm Equipment Revenue by Region, World Markets: 2023-2032
- Vertical Farm Equipment Revenue by Technology Type, North America: 2023-2032
- Vertical Farm Equipment Revenue by Technology Type, Europe: 2023-2032
- Vertical Farm Equipment Revenue by Technology Type, Asia Pacific: 2023-2032
- Vertical Farm Equipment Revenue by Technology Type, Latin America: 2023-2032
- Vertical Farm Equipment Revenue by Technology Type, Middle East & Africa: 2023-2032
- Smart Greenhouse Equipment Revenue by Region, World Markets: 2023-2032
- Smart Greenhouse Equipment Revenue by Technology Type, North America: 2023-2032
- Smart Greenhouse Equipment Revenue by Technology Type, Europe: 2023-2032
- Smart Greenhouse Equipment Revenue by Technology Type, Asia Pacific: 2023-2032
- Smart Greenhouse Equipment Revenue by Technology Type, Latin America: 2023-2032
- Smart Greenhouse Equipment Revenue by Technology Type, Middle East & Africa: 2023-2032
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