27-Apr-2021 | Zion Market Research
Some of key players in smart greenhouse market are Heliospectra AB, Rough Brothers, Inc., Argus Control Systems Ltd., Terrasphere Systems, LLC, Ceres Greenhouse Solutions, LumiGrow Inc., JFE Engineering Corporation, Hort Americas, Logiqs B.V., Nexus Corporation, GreenTech Agro LLC, and Certhon among others. These players are set to bolster the development of global smart greenhouse market.
According to analysts at Zion Market Research, the global smart greenhouse market accounted for USD 1.05 Billion in 2020 and is expected to reach USD 2.25 Billion by 2028, growing at a CAGR of more than 10.9% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Smart Greenhouse Market By Type (Hydroponic and Non-Hydroponic), By Covering Material Type (Polyethylene, Polycarbonate, and Others), By Component (HVAC Systems, LED Grow Lights, Irrigation System, Valves & Pumps, Sensor & Control System, and Others), By End User (Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Rising Government Initiatives To Boost The Global Smart Greenhouse Market
Smart greenhouse market is likely to see noteworthy development owing to programs that were undertaken by the government due to increasing population. Smart farming is likely to grow at an astounding development rate, boosting the smart greenhouse market. Altering atmosphere impacts the agriculture sector, which at the same time impacts the economy of many countries and food & beverage sector. Hence, smart greenhouse offers new avenues for the agriculture sector. This augments the development of smart greenhouse market. Evolving technological preferences in developing nations owing to urbanization is also likely to have a positive effect on smart greenhouse market. High initial investment and high installation costs of the automation system might prohibit the development of smart greenhouse market in non-developed nations such as the Middle East & Africa at a certain level.
Rapid Development Of Infrastructure To Boost Smart Greenhouse Market In Asia Pacific
Europe is likely to stay the leader in the smart greenhouse market in the years to come and added up for noteworthy share of the global smart greenhouse market income in 2020. This was due to the fast acceptance of smart greenhouse technology. The rapid acceptance of technology in up-and-coming nations of China, Japan, and India is likely to boost the smart greenhouse market in Asia Pacific. The Asia Pacific region is likely to be the most attractive sector of the smart greenhouse market in the coming years due to rapid development of infrastructure in nations such as India paired with a high population in the area.
Browse the full “Smart Greenhouse Market By Type (Hydroponic And Non-Hydroponic), By Covering Material Type (Polyethylene, Polycarbonate, And Others), By Component (HVAC Systems, LED Grow Lights, Irrigation System, Valves & Pumps, Sensor & Control System, And Others), By End User (Commercial Growers, Research & Educational Institutes, Retail Gardens, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/smart-greenhouse-market
The global Smart Greenhouse Market is segmented as follows:
By Covering Material Type
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