Navigant Research Report Shows Global Revenue for the Indoor Farming Market Is Expected to Exceed $2.9 Billion by 2027

A new report from Navigant Research examines market issues associated with energy efficient cooling technologies for indoor agriculture and provides global market forecasts, segmented by technology and region, through 2027.

Trends in the indoor farming market indicate consumers are looking for fresh, nutrient-dense food options with the added convenience of local production. Hurdles such as supply chain logistics and developing a successful business model have made it difficult for businesses to succeed in this industry; however, the industry’s ability to supplement food systems in a sustainable way continues to attract investors, contributing to facilities growth worldwide. Click to tweet: according to a new report from @NavigantRSRCH, global revenue for the indoor farming market is expected to exceed $2.9 billion by 2027.

“Indoor farming is expected to become increasingly automated as energy efficient technologies gradually replace manual solutions,” says Courtney Marshall, research analyst with Navigant Research. “Catalyzing this shift are climate control systems that include efficient HVAC equipment to support optimal temperature and humidity conditions.”

The removal of heat tends to be an energy-intensive and expensive process, which is why many indoor farming businesses today focus on selecting an efficient conditioning system. According to the report, energy efficient equipment such as fans, unitary systems, variable refrigerant flow systems, and chillers are critical technologies for meeting the cooling needs of controlled-environment agriculture facilities.

This report, Energy Efficiency for Indoor Farming, provides a comprehensive review of energy efficient solutions for indoor farming. The study examines the market issues, including drivers, challenges, and production and facility types, associated with energy efficient technologies for indoor agriculture. Global market forecasts, segmented by technology (unitary systems, variable refrigerant flow [VRF] systems, chillers, and fans) and region, extend through 2027. The report also examines the regional market highlights related to energy efficient solutions for indoor farming, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Energy Efficiency for Indoor Farming, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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