Smart Greenhouse Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Smart Greenhouse Market by Type (Hydroponic and Non-hydroponic), Technology (HVAC, LED Grow Light, Irrigation System, Material Handling, Valves and Pumps, Control System, and Sensor & Camera), and Geography

 

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Report

Description

Smart Greenhouse Market size was valued at 1.53 Billion in 2021 and is estimated to reach 2.83 Billion by 2028, at a CAGR of 9.2% during the forecast period 2022 to 2028 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. Smart Greenhouse 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 smart greenhouse market in this sector.

Smart Greenhouse Market

MARKET SUMMARY
-
9.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 9.2%%
  • Largest Market– Europe
  • Fastest Growing Market– Asia Pacific

Smart Greenhouse Market

  • Global smart greenhouse market report gives comprehensive outlook on smart greenhouse across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global smart greenhouse market gives historical, current, and future market sizes (US$ Mn) on the basis of product and services, application, sector, and region.
  • This report studies global smart greenhouse market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global smart greenhouse products
Market Key Players
  • GreenTech Agro LLC
  • Nexus Corporation
  • Certhon
  • Terrasphere Systems LLC
  • Logiqs B.V.
  • Argus Control System Ltd.
  • LumiGrow Inc.
  • Heliospectra AB
  • Rough Brothers Inc.
Growth

Smart Greenhouse Market

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 got significant share

Smart Greenhouse Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global smart greenhouse market expanding at significant CAGR over 2022 to 2028 owing to favorable government initiatives and demand for the high food production due to growing population.
  • Based on type, Hydroponics segment of smart greenhouse accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on collaboration and merger strategies to retain market position in global smart greenhouse market

Key

Key Features of the Report

Smart Greenhouse Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • GreenTech Agro LLC
  • Nexus Corporation
  • Certhon
  • Terrasphere Systems LLC
  • Logiqs B.V.
  • Argus Control System Ltd.
  • LumiGrow Inc.
  • Heliospectra AB
  • Rough Brothers Inc.

Description

Smart Greenhouse Market size was valued at 1.53 Billion in 2021 and is estimated to reach 2.83 Billion by 2028, at a CAGR of 9.2% during the forecast period 2022 to 2028 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. Smart Greenhouse 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 smart greenhouse market in this sector.

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