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Smart Greenhouse Market size was valued at 2.53 Billion in 2023 and is estimated to reach 3.83 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030 owing to rising demand for food due to enormously growing population and trends of indoor farming due changing consumer preferences are the major factors driving the growth of the market. Moreover, Favorable government regulations and incentives pertaining to smart greenhouse lighting enhances the growth of the market. However, High cost of greenhouses hinders the growth of the market. A smart greenhouse is a type of greenhouse that grows plants without the need for human intervention. Crops grow in a smart greenhouse without adjusting the climate or any human intervention for a set length of time.
Market use a variety of microprocessors and sensors to control the temperature and watering system, among other things. The main goal of a smart greenhouse is to increase farmer productivity and create better farming results. The market is expected to develop as organic food becomes more popular around the world and farmers and agriculturists utilise IoT and artificial intelligence. Furthermore, market expansion is fueled by the simplicity of crop monitoring and harvesting.
However, the market's growth is hampered by high investment costs due to the deployment of pricey technology in smart greenhouses. During the projection period, the hydroponics segment is expected to gain a large share. The capacity of hydroponics smart greenhouses to generate nutritious eatables while consuming less space is one of the primary factors driving the growth of smart greenhouses in this area. However, due to its environmentally friendly nature and the spike in adoption of non-hydroponics greenhouse by various important firms, the non-hydroponics category is predicted to develop at the fastest rate throughout the projection period. This fuels the expansion of the market in this sector.
Study Period
2024-2030Base Year
2023CAGR
9.2%Largest Market
EuropeFastest Growing Market
Asia Pacific
Based on Type, agriculture in controlled environment and hydroponics have obtained popularity due to the advancements in greenhouse structures and affordability of technologies that support plant growth. Hydroponics also offers several advantages over soil-based horticulture, such as lower water consumption, no need of soil, better use of space and location, effective use of nutrients, and requirement for very less pests.
Europe accounted for larger revenue share in global smart greenhouse market with significant CAGR owing to the rise in the population growth that demands for high food production that leads to the growth of the market. Moreover, favorable government support and increase in adoption of greenhouse automation technologies are the factors that enhances the growth of market. Asia Pacific and North America are projected to show the significant growth over the forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
9.2% |
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By Type |
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By Technology |
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By Region |
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Smart greenhouse market size was valued at US$ 2.53 billion in 2023 and is set to reach 3.83 billion by 2030, at a CAGR of 9.2% from 2024 to 2030.
The Smart Greenhouse Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Smart Greenhouse Market Introduction |
| 2.1. Global Smart Greenhouse Market Taxonomy |
| 2.2. Global Smart Greenhouse Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Component |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Smart Greenhouse Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Smart Greenhouse Market Dynamic Factors - Impact Analysis |
| 3.6. Global Smart Greenhouse Market Competition Landscape |
| 4. Global Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Smart Greenhouse Market, By Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Hydroponics |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-Hydroponics |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Smart Greenhouse Market, By Component, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. HVAS Systems |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. LED Grow Lights |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Irrigation Systems |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Valves& Pumps |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Sensor & Control Systems |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Smart Greenhouse Market, By End User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Research and Educational Institutes |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial Growers |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Smart Greenhouse Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Smart Greenhouse Market - Opportunity Analysis Index, By Type, End User, and Region, 2023-2029 |
| 9. North America Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Hydroponics |
| 9.1.2. Non-Hydroponics |
| 9.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. HVAC Systems |
| 9.2.2. LED Grow Lights |
| 9.2.3. Irrigation System |
| 9.2.4. Valves & Pumps |
| 9.2.5. Sensor & Control System |
| 9.2.6. Others |
| 9.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Research & Educational Institutes |
| 9.3.2. Commercial Growers |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Smart Greenhouse Market - Opportunity Analysis Index, By Type, By Component, End User, and Country, 2023-2029 |
| 9.6. North America Smart Greenhouse Market Dynamics Trends |
| 10. Europe Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Hydroponics |
| 10.1.2. Non-Hydroponics |
| 10.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. HVAC Systems |
| 10.2.2. LED Grow Lights |
| 10.2.3. Irrigation System |
| 10.2.4. Valves & Pumps |
| 10.2.5. Sensor & Control System |
| 10.2.6. Others |
| 10.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Research & Educational Institutes |
| 10.3.2. Commercial Growers |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Smart Greenhouse Market - Opportunity Analysis Index, By Type, By Component, End User, and Country, 2023-2029 |
| 10.6. Europe Smart Greenhouse Market Dynamics Trends |
| 11. Asia-Pacific Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Hydroponics |
| 11.1.2. Non-Hydroponics |
| 11.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. HVAC Systems |
| 11.2.2. LED Grow Lights |
| 11.2.3. Irrigation System |
| 11.2.4. Valves & Pumps |
| 11.2.5. Sensor & Control System |
| 11.2.6. Others |
| 11.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Research & Educational Institutes |
| 11.3.2. Commercial Growers |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Smart Greenhouse Market - Opportunity Analysis Index, By Type, By Component, End User, and Country, 2023-2029 |
| 11.6. Asia-Pacific Smart Greenhouse Market Dynamics Trends |
| 12. Latin America Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Hydroponics |
| 12.1.2. Non-Hydroponics |
| 12.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. HVAC Systems |
| 12.2.2. LED Grow Lights |
| 12.2.3. Irrigation System |
| 12.2.4. Valves & Pumps |
| 12.2.5. Sensor & Control System |
| 12.2.6. Others |
| 12.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Research & Educational Institutes |
| 12.3.2. Commercial Growers |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Smart Greenhouse Market - Opportunity Analysis Index, By Type, By Component, End User, and Country, 2023-2029 |
| 12.6. Latin America Smart Greenhouse Market Dynamics Trends |
| 13. Middle East and Africa Smart Greenhouse Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Hydroponics |
| 13.1.2. Non-Hydroponics |
| 13.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. HVAC Systems |
| 13.2.2. LED Grow Lights |
| 13.2.3. Irrigation System |
| 13.2.4. Valves & Pumps |
| 13.2.5. Sensor & Control System |
| 13.2.6. Others |
| 13.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Research & Educational Institutes |
| 13.3.2. Commercial Growers |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Smart Greenhouse Market - Opportunity Analysis Index, By Type, By Component, End User, and Country, 2023-2029 |
| 13.6. MEA Smart Greenhouse Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Nexus Corporation (US) |
| 14.2.2. Argus Control Systems Limited (Canada) |
| 14.2.3. Certhon (Netherlands) |
| 14.2.4. Phoenix Contact (Germany) |
| 14.2.5. Rough Brothers, Inc. (US) |
| 14.2.6. GreenTech Agro LLC (US) |
| 14.2.7. Netafim (Netafim, Israel) |
| 14.2.8. Sensaphone (US) |
| 14.2.9. Cultivar Ltd. (UK) |
| 14.2.10. Heliospectra AB (Sweden) |
| 14.2.11. LumiGrow (US) |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.