The smart greenhouse market will reach at an estimated value of USD 3.31 billion and grow at a CAGR of 10.3% in the forecast period of 2023 to 2030. Increasing adoption of IoT and AI by farmers and agriculturists is an essential factor driving the smart greenhouse market.
A smart greenhouse is an advanced agricultural structure that incorporates various technologies to optimize and automate the cultivation of plants. The goal of a smart greenhouse is to create an ideal environment for plant growth by controlling factors such as temperature, humidity, light, and irrigation. This is typically achieved through the integration of sensors, actuators, and other smart technologies. Here are some key components and features of a smart greenhouse
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Smart Greenhouse Market Analysis and Insights
The smart greenhouse market will reach at an estimated value of USD 3.31 billion and grow at a CAGR of 10.3% in the forecast period of 2023 to 20230. Increasing adoption of IoT and AI by farmers and agriculturists is an essential factor driving the smart greenhouse market.
Smart greenhouse is defined as an automated and self-monitoring, micro-climatically controlled environment for ideal plant growth. Therefore, even slight variations in these conditions help in generating automated actions that evaluate change and take corrective action and also, help in maintaining ideal conditions for plant growth.
Growing demand for food owing to the continuously increasing global population is a crucial factor accelerating the market growth, also an increasing number of government initiatives to promote the adoption of smart agricultural practices, rising adoption of indoor farming in urban areas, increased reliability in the smart greenhouse, rising energy demand from the emerging economies, rising ever-growing population, increasing trend of indoor farming, increasing government initiatives and incentives relating to smart greenhouse lighting technology are the major factors among others boosting the smart greenhouse market. Moreover, increasing technological advancements and increasing modernization in the production techniques, rising research and development activities, increasing adoption of vertical farming technology all over the globe and rising emerging trend of rooftop farming in urban areas will further create new opportunities for smart greenhouse market in the forecast period mentioned above.
Smart Greenhouse Market Scope and Market Size
Smart greenhouse market is segmented on the basis of type, component and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· Based on type, the smart greenhouse market is segmented into hydroponic and non-hydroponic technology.
· On the basis of component, smart greenhouse market is segmented into product segment analysis, lighting system, irrigation system, communication system, control system, HVAC system, pumps, material handling services, climate control services and others.
· The smart greenhouse market is also segmented on the basis of end-user into commercial growers, research & educational institutes, retail gardens and others
Competitive Landscape and Smart Greenhouse Market Share Analysis
Smart greenhouse market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart greenhouse market.
Smart greenhouses are increasingly important in modern agriculture for several reasons:
Optimized Resource Use:
Smart greenhouses use sensors and automation to precisely control factors such as temperature, humidity, and irrigation. This optimization helps in minimizing resource use, such as water and energy, leading to more sustainable and efficient agriculture.
Increased Crop Yield:
By providing an ideal and controlled environment for plant growth, smart greenhouses can significantly increase crop yields. The ability to regulate factors like light, temperature, and nutrients ensures that plants receive optimal conditions for photosynthesis and overall growth.
Key Players
The major players covered in smart greenhouse market report are Cultivar Ltd, Certhon, Argus Control Systems Limited, LumiGrow, Heliospectra AB, Hort Americas, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, LOGIQS B.V., Nexus Corporation LTD, International Greenhouse Company, KUBO Full service grow concepts and Agrowtek Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Smart Greenhouse Market
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