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

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

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.


Report

Table Of Content

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, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
5.1. Hydroponics
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
6.1. HVAS Systems
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
7.1. Research and Educational Institutes
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2022-2028
9. North America Smart Greenhouse Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
9.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Hydroponics
9.1.2. Non-Hydroponics
9.2. Component Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
9.6. North America Smart Greenhouse Market Dynamics – Trends
10. Europe Smart Greenhouse Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
10.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hydroponics
10.1.2. Non-Hydroponics
10.2. Component Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
10.6. Europe Smart Greenhouse Market Dynamics – Trends
11. Asia-Pacific Smart Greenhouse Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
11.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hydroponics
11.1.2. Non-Hydroponics
11.2. Component Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
11.6. Asia-Pacific Smart Greenhouse Market Dynamics – Trends
12. Latin America Smart Greenhouse Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
12.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hydroponics
12.1.2. Non-Hydroponics
12.2. Component Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
12.6. Latin America Smart Greenhouse Market Dynamics – Trends
13. Middle East and Africa Smart Greenhouse Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
13.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hydroponics
13.1.2. Non-Hydroponics
13.2. Component Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
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

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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